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Bike Lock Market Global Industry overview, Comprehensive Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2024


The global Bike Lock market is estimated to register a CAGR of 13.05% between 2018 and 2024. The market is mainly driven by the increasing demand from applications such as residential and commercial. Increasing investments in new infrastructure developments and an increase in GDP of China and India are increasing the demand of Bike Lock market. The regions covered in this report are North America, Europe, Asia-Pacific and Rest of the World. Increasing awareness about global warming coupled with benefits of using cleaner way of transportation boot the demand of bikes. Bike directly cuts fuel emissions completely. Its small size and simple structure of operation helps to increase its demand. It also saves parking space, fuel, reduces harmful emission of gases. The market is mainly driven by the increasing incidences of crime globally. Rising security and safety concerns coupled with increasing awareness of security devices are expected to drive the Bike Lock market. Due to the high technological adoption in developed countries like U.S., Canada, and France among others. The increasing demand mainly from the developing regions like Middle East & Africa, Asia-Pacific, and South American countries are also driving the market. The emerging markets such as India, China, Brazil, Southeast Asia, and Japan are expected to change the trends and dynamics of the market in the future.


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