Project Report For Bicycle Manufacturing
Project report for Bicycle Manufacturing is as follows.
A steerable two-wheeled contraption propelled by the rider’s feet The front wheel is secured by a spinning fork similar to that of a standard bicycle.
To steer, the cyclist leans and twists handlebars connected to the fork. Cranks and a chain wheel are spun by foot pedals.
A chain loop links the chain wheel to the rear wheel’s sprocket. It’s simple to learn and ride at speeds of 16–24 kilometres per hour (10–15 miles per hour)—four to five times the speed of walking. The bicycle is the most efficient mode of human energy transportation.
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A bicycle is a two-wheeled vehicle with two wheels (see cycling). Bicycles are critical for transporting people and goods in areas where automobiles are rare.
Worldwide, bicycles outnumber vehicles and outsell them three to one. In the Netherlands, Denmark, and Japan, cycling is promoted. Throughout the United States, bicycle lanes have been constructed, and the government promotes bicycles as a viable alternative to automobiles.
The public is starting to recognise the importance of exercise and health. Additionally, they’ve recognised that regular riding may help avoid disorders like obesity.
The industry is likely to grow as more people choose cycling as a regular form of exercise. Their attractiveness is aided by events like as the Tour de France and the Ronde van Vlaanderen.
Meanwhile, new cycling tournaments are being developed in Asia, Africa, and the Middle East, which is increasing the demand for mountain and road bikes.
Due to rising traffic congestion and parking problems, particularly in metropolitan areas, many are contemplating bicycle commuting for short distances. Numerous governments are actively constructing the necessary infrastructure for bicycle commuting, therefore encouraging people to choose bicycles.
The lack of necessary infrastructure to support and encourage bicycle commuting, particularly in developing economies such as India, is predicted to stymie industry growth. Likewise, prohibitively expensive lightweight composite bicycles do not bode well for market expansion.
Product Cost Breakup
Reveneue Vs Expenses
The global bicycle market was valued USD 59.33 billion in 2021 and is expected to grow at an 8.2 percent compound annual growth rate (CAGR) from 2022 to 2030. Increased leisure bicycling is predicted to drive market growth.
Bicycles are a convenient mode of transportation for exercising in order to maintain a healthy lifestyle free of obesity and other ailments. Dockless bike-sharing has gained popularity in recent years.
This gadget detects and electrically unlocks neighbouring bicycles. Dockless bicycle-sharing systems originated in Europe and are gaining traction in Asia, particularly in India and China.
Recent advancements in mobile application development and GPS technology have resulted in the creation of app-based dockless bicycle-sharing systems. Additionally, the growing popularity of dockless bicycle-sharing systems is predicted to significantly boost cycling demand.
Chinese bike-sharing companies are aggressively investing and growing their operations in Europe to capitalise on market opportunities. This is expected to fuel market expansion over the following several years.
The bicycle business has existed for decades, during which time it was a primary source of transportation. Bicycling declined in popularity among Indians of medium and high income as technology evolved, but it is regaining popularity owing to health concerns and adventure cycling activities.