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The Australia bicycle market size was valued at USD 1.86 billion in 2023. The market is further projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching a value of USD 3.08 billion by 2032.
The Australia bicycle market growth is being propelled by several key factors, including the increasing adoption of bicycles as a form of leisure activity, the high preference for bicycles as a convenient form of exercise, the rise in health concerns and fitness consciousness among consumers, and the efforts to roll out infrastructure supporting bicycle commutation.
A notable trend in the market is the increasing popularity of electric bicycles driven by factors like rising traffic congestion, health concerns, and fitness consciousness. This trend is impacting the market positively by offering consumers an eco-friendly and efficient mode of transportation. Additionally, urban areas like Sydney, Melbourne, Brisbane, and Perth are witnessing significant uptake of e-bicycles due to higher population density and well-developed cycling infrastructure.
Additionally, the growth of cycle tourism and services is contributing significantly to the market, with a focus on promoting cycling as a recreational and travel activity. This trend is creating economic benefits, boosting the demand for bicycles, and supporting the overall market growth.
Moreover, efforts by governments and organisations to invest in cycling-related infrastructure and programs are another key trend shaping the Australia bicycle market development. The focus on enhancing cycling infrastructure is encouraging more people to choose cycling as a mode of transport, leading to increased bicycle sales and market expansion. An example is Queensland Cycling Strategy 2017-2027, which aims to promote more cycling by emphasising the importance of safe and connected cycling infrastructure to encourage increased bike riding among various demographics, including women, young people, and other riders who may be less confident or more vulnerable.
Amongst type of bicycles, mountain bicycle segment caters to off-road enthusiasts and adventure seekers, offering rugged designs and features suitable for challenging terrains. This segment has the dominant Australia bicycle market share, driven by the popularity of outdoor activities and recreational cycling. Cruiser bicycles, known for their comfortable designs and leisurely riding experience, target consumers looking for relaxed urban or beach cruising. Road bicycles segment, designed for speed and efficiency on paved roads, is experiencing growth due to the increasing interest in road cycling as a sport and a means of transportation for the commuters.
Australia Bicycle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Design
Market Breakup by Price
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Region
Market players are developing and elevating bicycles with lightweight designs, strong grip wheels, and aerodynamic features, enhancing the cycling experience.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Design |
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Breakup by Price |
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Breakup by Technology |
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Breakup by End Use |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 1.86 billion.
The market is expected to grow at a CAGR of 5.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.08 billion by 2032.
The market is being driven due to demand for bicycles by fitness enthusiasts, introduction of sustainable transportation, such as e-cycles, and the rising adoption of sustainable transport solutions.
Key trends aiding the market expansion include the growing popularity of electric bicycles (e-bikes) driven by factors like technological advancements in e-bike components and government initiatives supporting e-bike adoption, and environmental concerns promoting eco-friendly mobility solutions.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on technology, the market segmentations include conventional and electric bicycles.
Mountain, cruiser, road, youth, and hybrid bicycles are considered in the report.
Key players in the market are Sheppard Industries Limited, Bossi Bicycles, Apollo Bicycle Company Pty Ltd, Down Under Cycles Pty Ltd, Hillbrick Bicycles, MSC Bikes, EARTH Electric Bikes, REEF Bikes Pty Ltd, and Reid Cycles Pty Ltd, among others.
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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