World Bicycles Market to Reach in Excess of $61 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) March 17, 2008 -- Poised to register a CAGR of 5.28% over the 2001-2010 period, the world Bicycles market is projected to reach in excess of US$61 billion by 2010. Asia-Pacific, with a share estimated at 47.36% in the year 2007, forms the largest Bicycles market worldwide. The region is also slated to record the fastest growth with a CAGR of over 6.33% during the aforementioned period.

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