Bicycle Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2026-2035)

Competitive Landscape

The bicycle market players are investing in AI-powered bike maintenance apps, solar-assisted e-bikes, and regenerative braking systems. Urban micromobility is a ley area of focus, with bike-sharing systems integrating facial recognition and blockchain for secure access. Startups are tapping into 3D printing for custom-fit frames, offering ultra-personalized cycling experiences. Opportunities lie in targeting health-conscious consumers and green city infrastructure projects.

Bicycle companies are also partnering with technology firms to embed IoT for real-time diagnostics. There is a growing demand for hybrid bikes that switch between manual and electric modes on the go. Smart diagnostics, solar charging, 3D-printed custom frames, blockchain-secured bike-sharing, and AI-powered predictive maintenance are some of the key trends noticed in the market. Sustainability is another focus area, with players exploring biodegradable parts and closed-loop recycling systems. In this fast-changing space, innovation is key to standing out and tapping into emerging global cycling cultures, especially in Asia and Europe.

Key Players

Accell Group

Accell Group, headquartered in Friesland and founded in 1998, is a leading bicycle manufacturer with a strong global presence. The company focuses on innovation and sustainable bicycle designs, offering a wide range of models, including electric bicycles and high-performance commuter bikes. Accell Group owns renowned brands such as Batavus, Haibike, Koga, and Raleigh, focusing on quality, durability, and performance. With a commitment to green mobility, the company continues to drive advancements in bicycle technology and design.

Atlas Cycles (Haryana) Ltd.

Atlas Cycles has been a key player in the bicycle industry since 1950, producing high-quality bicycles catering to diverse consumer needs. The brand is well-known in India and offers reasonably priced, long-lasting bicycle types. With an emphasis on affordability, dependability, and innovation, Atlas Cycles has been instrumental in bringing bicycles within the reach of the general public. Its reputation in the market has been established by its dedication to quality and client satisfaction.

Avon Cycles Ltd.

Founded in 1951, Avon Cycles is known for its extensive product portfolio, including commuter bicycles and performance-oriented models. Through strategic alliances and innovation, the company, which has its headquarters in Ludhiana, is growing its market share. The business is well-known for providing a broad range of customers with reasonably priced, robust, and inventive bicycles. Avon Cycles is extending its market reach through strategic alliances, technology developments, and an expanding global footprint.

Cervelo

Headquartered in United States, and founded in 1995, Cervelo specialises in high-performance bicycles, particularly for competitive cycling and triathlons. The company has become a premium brand in the market due to its dedication to precision engineering and aerodynamics. Cervelo consistently makes investments in R&D to improve durability, speed, and efficiency. The brand has established a solid reputation for performance, innovation, and excellent ride quality through its participation in international bicycle competitions.

Other key players in the market are Dorel Industries Inc., Giant Bicycles, Cycling Sports Group, LLC, Hero Cycles, Santa Cruz Bicycles, LLC, Marin Mountain Bikes Inc., Merida Industry Co., Ltd, Specialized Bicycle Components, Inc., SCOTT Sports SA, Trek Bicycle Corporation, Orbea, BH Bikes, Axalko Bikes, Hagen Bikes, Mammoth bikes, Egurra Bikes, and Garri Bike, among others.

Bicycle Market Report Snapshots

Bicycle Market