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Bicycle Market

Global Bicycle Market Size, Share, Trends, Growth, Forecast: By Product: Mountain Bicycles, Hybrid Bicycles, Road Bicycles, Others; By Price: Premium, Mid-Range, Low Range; By Technology: Electric, Conventional; By End User: Men, Women, Kids; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Bicycle Market Size

The global bicycle market attain a value of USD 76.7 billion in 2023. The market is expected to grow at a CAGR of 6.6% in the forecast period of 2024-2032 to reach a value of USD 136.5 billion by 2032. 

 

Bicycle Market

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The global bicycle market is stimulated by the rising urbanisation, due to which there is growing traffic congestion. Therefore, people are increasingly adopting bicycles to avoid traffic jams and get to their destination faster as compared to bigger vehicles. With the rising traffic jams, the market for bicycles is expected to increase during the forecast period.

 

Global Bicycle Market Growth

The Asia Pacific region is actively supporting the growth of the global bicycle market as the regional market is growing at a robust pace. Countries such as China, India, Australia, Japan, and South Korea are the significant contributors to the market growth. These countries have started hosting several tournaments, which are expected to enhance the popularity and demand for sports bicycles. Moreover, factors, such as an increase in the women’s participation rate and favourable government schemes, are expected to strengthen the market growth of bicycles in the region. As a result of increased demand, the market is witnessing industry development of innovative bicycles and accessories, which will further the industry growth in the forecast period.

 

Bicycle Market Segmentation

Bicycle is a vehicle that aids in reducing pollution and is extensively promoted by organisations as an environment-friendly transport.

 

Bicycle Market by segment

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On the basis of product, the market is divided into:

  • Mountain Bicycles
  • Hybrid Bicycles
  • Road Bicycles
  • Others

 

By price, the market is segmented into:

  • Premium
  • Mid-Range
  • Low Range

 

Based on technology, the market is bifurcated into:

  • Electric
  • Conventional

 

By end user, the market is segmented into:

  • Men
  • Women
  • Kids

 

Based on technology, the industry is bifurcated into electric and conventional. By end uses, the industry is segmented into men, women, and kids. The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Bicycle Market by Region

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Rising Awareness About Fitness is Enhancing the Global Bicycle Market Growth

The global bicycle market is driven by the rising awareness as well as concern about fitness, resulting in the boom of bicycle sales as they offer a great alternative for transport with the benefit of fit and healthy lifestyle. The industry is further expected to be driven by the introduction of e-bicycles. The demand for e-bicycles is gaining momentum and is expected to become mainstream in the forecast period. The e-bicycles are equipped to manage the overall speeds more effectively, as a result providing comfortable driving experience to the rider in mountain areas, overpasses, and tough roads. Thereby further enhancing the market growth for the product.

 

Key Industry Players in the Global Bicycle Market

The report gives a detailed analysis of the following key players in the global bicycle market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Accell Group
  • Cycling Sports Group, LLC
  • Avon Cycles Limited
  • Giant Bicycles
  • Merida Industry Co., Ltd.
  • SCOTT Sports SA
  • Trek Bicycle Corporation
  • Hero Cycles
  • Santa Cruz Bicycles, LLC
  • Marin Mountain Bikes Inc.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

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:

  • Product
  • Price
  • Technology
  • End User
  • Region
Breakup by Product
  • Mountain Bicycles
  • Hybrid Bicycles
  • Road Bicycles
  • Others
Breakup by Price
  • Premium
  • Mid Range
  • Low Range
Breakup by Technology
  • Electric
  • Conventional
Breakup by End User
  • Men
  • Women
  • Kids
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Accell Group
  • Cycling Sports Group, LLC
  • Avon Cycles Limited
  • Giant Bicycles
  • Merida Industry Co., Ltd.
  • SCOTT Sports SA
  • Trek Bicycle Corporation
  • Hero Cycles
  • Santa Cruz Bicycles, LLC
  • Marin Mountain Bikes Inc.
  • Others
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Bicycle Market Report Snapshots

Bicycle Market Size

Bicycle Market Growth

Bicycle Companies

 

*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.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions 
5    Executive Summary 

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bicycle Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bicycle Historical Market (2018-2023) 
    8.3    Global Bicycle Market Forecast (2024-2032)
    8.4    Global Bicycle Market by Product
        8.4.1    Mountain Bicycles 
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Hybrid Bicycles 
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Road Bicycles 
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Bicycle Market by Price
        8.5.1    Premium
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Mid-Range
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Low Range
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Bicycle Market by Technology 
        8.6.1    Electric
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Conventional
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Bicycle Market by End User
        8.7.1    Men
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Women
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Kids
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Bicycle Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Bicycle Market Analysis
    9.1    Market by Product
    9.2    Market by Technology
    9.3    Market by Country
        9.3.1    United States of America 
            9.3.1.1    Historical Trend (2018-2023) 
            9.3.1.2    Forecast Trend (2024-2032)
        9.3.2    Canada
            9.3.2.1    Historical Trend (2018-2023) 
            9.3.2.2    Forecast Trend (2024-2032)
10    Europe Bicycle Market Analysis
    10.1    Market by Product
    10.2    Market by Technology
    10.3    Market by Country
        10.3.1    United Kingdom
            10.3.1.1    Historical Trend (2018-2023) 
            10.3.1.2    Forecast Trend (2024-2032)
        10.3.2    Germany
            10.3.2.1    Historical Trend (2018-2023) 
            10.3.2.2    Forecast Trend (2024-2032)
        10.3.3    France
            10.3.3.1    Historical Trend (2018-2023) 
            10.3.3.2    Forecast Trend (2024-2032)
        10.3.4    Italy
            10.3.4.1    Historical Trend (2018-2023) 
            10.3.4.2    Forecast Trend (2024-2032)
        10.3.5    Others
11    Asia Pacific Bicycle Market Analysis
    11.1    Market by Product
    11.2    Market by Technology
    11.3    Market by Country
        11.3.1    China
            11.3.1.1    Historical Trend (2018-2023) 
            11.3.1.2    Forecast Trend (2024-2032)
        11.3.2    Japan
            11.3.2.1    Historical Trend (2018-2023) 
            11.3.2.2    Forecast Trend (2024-2032)
        11.3.3    India
            11.3.3.1    Historical Trend (2018-2023) 
            11.3.3.2    Forecast Trend (2024-2032)
        11.3.4    ASEAN
            11.3.4.1    Historical Trend (2018-2023) 
            11.3.4.2    Forecast Trend (2024-2032)
        11.3.5    South Korea
            11.3.5.1    Historical Trend (2018-2023) 
            11.3.5.2    Forecast Trend (2024-2032)
        11.3.6    Australia
            11.3.6.1    Historical Trend (2018-2023) 
            11.3.6.2    Forecast Trend (2024-2032)
        11.3.7    Others
12    Latin America Bicycle Market Analysis
    12.1    Market by Product
    12.2    Market by Technology
    12.3    Market by Country
        12.3.1    Brazil
            12.3.1.1    Historical Trend (2018-2023) 
            12.3.1.2    Forecast Trend (2024-2032)
        12.3.2    Argentina
            12.3.2.1    Historical Trend (2018-2023) 
            12.3.2.2    Forecast Trend (2024-2032)
        12.3.3    Mexico
            12.3.3.1    Historical Trend (2018-2023) 
            12.3.3.2    Forecast Trend (2024-2032)
        12.3.4    Others
13    Middle East and Africa Bicycle Market Analysis
    13.1    Market by Product
    13.2    Market by Technology
    13.3    Market by Country
        13.3.1    Saudi Arabia
            13.3.1.1    Historical Trend (2018-2023) 
            13.3.1.2    Forecast Trend (2024-2032)
        13.3.2    United Arab Emirates
            13.3.2.1    Historical Trend (2018-2023) 
            13.3.2.2    Forecast Trend (2024-2032)
        13.3.3    Nigeria
            13.3.3.1    Historical Trend (2018-2023) 
            13.3.3.2    Forecast Trend (2024-2032)
        13.3.4    South Africa
            13.3.4.1    Historical Trend (2018-2023) 
            13.3.4.2    Forecast Trend (2024-2032)
        13.3.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Accell Group
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Cycling Sports Group, LLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Avon Cycles Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Giant Bicycles
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Merida Industry Co., Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    SCOTT Sports SA
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Trek Bicycle Corporation
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Hero Cycles
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Santa Cruz Bicycles, LLC
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Marin Mountain Bikes Inc.
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Bicycle Market: Key Industry Highlights, 2018 and 2032
2.    Global Bicycle Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Global Bicycle Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Global Bicycle Historical Market: Breakup by Price (USD Million), 2018-2023
5.    Global Bicycle Market Forecast: Breakup by Price (USD Million), 2024-2032
6.    Global Bicycle Historical Market: Breakup by Technology (USD Million), 2018-2023
7.    Global Bicycle Market Forecast: Breakup by Technology (USD Million), 2024-2032
8.    Global Bicycle Historical Market: Breakup by End User (USD Million), 2018-2023
9.    Global Bicycle Market Forecast: Breakup by End User (USD Million), 2024-2032
10.    Global Bicycle Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Bicycle Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Bicycle Market Structure

Key Questions Answered in the Report

In 2023, the global bicycle market attained a value of nearly USD 76.7 billion.

The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 136.5 billion by 2032.  

The major drivers of the industry, such as rising disposable incomes, rapid urbanisation, growing population, rising traffic congestion, growing fitness awareness, and rising biking competitions, are expected to aid the market growth.

The key trends guiding the growth of the bicycle market include the rising launch and adoption of e-bicycles.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

The leading products in the market are mountain bicycles, hybrid bicycles, and road bicycles, among others.

The major price segments of the product in the industry are premium, mid-range, and low range.

The significant end uses in the industry are men, women, and kids.

The major players in the industry are Accell Group, Cycling Sports Group, LLC, Avon Cycles Limited, Giant Bicycles, Merida Industry Co., Ltd., SCOTT Sports SA, Trek Bicycle Corporation, Hero Cycles, Santa Cruz Bicycles, LLC, and Marin Mountain Bikes Inc., among others.

Analyst Review

The global bicycle market attained a value of USD 76.7 billion in 2023, driven by the rising occurrences of traffic congestions. Aided by the growing adoption of e-bicycles, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.6%. The bicycle market is projected to reach USD 136.5 billion by 2032. 

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is segmented into mountain bicycles, hybrid bicycles, and road bicycles, among others. On the basis of price, the market is segmented into premium, mid range, and low range. By technology, the market is categorised into electric and conventional. Based on end users, the market is divided into men, women, and kids. The major regional markets for bicycle are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Giant Group, Santa Cruz Bicycles, LLC, Specialized Bicycle Components, Inc, Accell Group, Trek Bicycle Corporation, Merida Industry Co., Ltd., and Dorel Industries Inc., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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