Bicycle Market Overview, 2022-2027

Report
115 Pages
September 2022
Region: Global
Bonafide Research
ID: 5660323

Global Bicycle Market Overview, 2022-2027 is segmented by Type (Road Bicycle, Mountain Bicycle, Hybrid Bicycle, E-Bicycle , and Others); by Demographic (Men, Women, and Kids), and by Geographic Region. The market stood at around USD 63 billion in 2021, which is anticipated to reach USD 88 billion by 2027. Further, the market is estimated to grow at a more than 5% CAGR for the 2022-2027 period. Drivers of the bicycle market are buyers shifting preference toward cycling as a sport, leisure, and cardio activity.

The Middle East & Africa region which is expected to have the highest share contribution by the hybrid bicycles during the upcoming timeframe. Asia-Pacific is the largest and also the fastest-growing region in the global bicycle market. China, Japan, Australia, India, and South Korea are some of the top contributing countries in the region. Moreover, these countries have started hosting numerous cycling tournaments, which, in turn, will increase the popularity and demand for sports bicycles. In addition, there’s a rise in women’s participation rate and government initiatives that are likely to boost the demand for bicycles in the region. Owing to such increased demand, bicycle companies in the market are launching innovative bicycles and accessories, which will lead to significant market growth during the forecast period. While the mountain bikes dominate the market by value, the road bikes dominate by volume. Even though the mountain bikes have a considerable fan globally, the price of the segment is higher than the road bikes, and the demand is limited to the professional and adventure riders.

Men have historically outnumbered women in the use of bicycles for commutation. The men cycle category held to nearly half of the market in 2021. However, bicycle makers are continuously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers. Such developments are particularly enticing women to opt for bicycling for leisure. Women have also been participating aggressively in bicycling events for the past few years.

Up until recently, the independent dealer was heavily relied upon and nearly the sole source of distribution. However, things have changed, and it starts with looking at modern consumer behavior, as online shoppers are increasingly becoming more comfortable buying bicycles over the internet. Many manufacturers are taking advantage of this trend by finding alternative sales channels and innovative delivery models to have closer relationships with the end consumer. With the likes of Trek, Giant, and Specialized even seeking to open up specialized stores and online modes to allow direct buying, the segment is anticipated to witness prominent market growth by 2027. However the retail shop segment holds the dominance in the market.

The leading manufacturers such as Accell Group, Trek Bicycle Corporation, Dorel Industries Inc., and Giant Manufacturing Co. Ltd., in the market, are focusing on leveraging opportunities posed by the emerging markets like Thailand and India, and also to expand their revenue base all over the global market. Companies are using digital and social media advertisements to make consumers aware of the new product launches in the market.

Major Companies present in the market

Abici, A- Bike, Accell Group, Amer Sports, Atlas Cycles (Haryana) Ltd, Bridgestone Cycle, Caloi, Campagnolo, Cannondale, Cervelo Cycles, Cube Cycles, Curtlo Cycles, Derby Cycle, Dorel Industries Inc., Tianjin Fuji-ta Bicycle Co.,Ltd., Giant Bicycles, Hero Cycles Limited, Merida Bikes International, My Boo, Orbea Corporation, Scott Sports, Specialized Bicycle Components, Inc., STRiDA Cycles, XDS Shenzhen Xidesheng Bicycles Co., Ltd

Considered in this report

Geography: Global
Historic year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report

Global Bicycle market with its value and forecast along with its segments
Region & Country-wise toy market analysis
Various divers and challenges
Ongoing trends and developments
Five force models
Top profiled companies
Strategic recommendation

Regions & Countries covered in the report

North America (USA, Canada, Mexico)
Europe (UK, France, Italy, Germany, Spain)
Asia-Pacific (Japan, Australia, China, India)
Latin America (Brazil, Argentina, Colombia)
Middle-East & Africa (UAE, Saudi Arabia, Qatar, South Africa)

Segment covered in the report

By Type

Road Bikes
Mountain Bikes
Hybrid Bikes
E-bikes
Others (Kids, standard, maas)

By End User

Men
Women
Kids

By Bikers Type

Highly Engaged
Engaged
Leisure
Travel

By Sales Channel

Retail Shops (Specialized, Sport)
Multi-brand
Online

Intended audience

This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This product will be delivered within 2 business days.

1. Executive Summary2. Report Methodology

3. Market Structure

3.1. Market Considerate
3.2. Market Definition

4. Economic /Demographic Snapshot

5. Global Bicycle Market Outlook

5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Bicycle Type
5.2.5. By End User
5.2.6. By Sales Channel
5.2.7. By Bikers Type
5.3. Global Road Bicycle Market Outlook
5.3.1. Market Size By Value
5.3.2. Market Size By Volume
5.4. Global Mountain Bicycle Market Outlook
5.4.1. Market Size By Value
5.4.2. Market Size By Volume
5.5. Global Hybrid Bicycle Outlook
5.5.1. Market Size By Value
5.5.2. Market Size By Volume
5.6. Global Electric Bicycle Outlook
5.6.1. Market Size By Value
5.6.2. Market Size By Volume
5.7. Global Other Bicycle Outlook
5.7.1. Market Size By Value
5.7.2. Market Size By Volume

6. North America Bicycle Market Outlook

6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share
6.2.1. By Country
6.2.2. By Bicycle Type
6.2.3. By End User
6.2.4. By Bikers Type

7. Europe Bicycle Market Outlook

7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share
7.2.1. By Country
7.2.2. By Bicycle Type
7.2.3. By End User
7.2.4. By Bikers Type

8. Asia-Pacific Bicycle Market Outlook

8.1. Market Size
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share
8.2.1. By Country
8.2.2. By Bicycle Type
8.2.3. By End User
8.2.4. By Bikers Type

9. Latin America Bicycle Market Outlook

9.1. Market Size
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share
9.2.1. By Country
9.2.2. By Bicycle Type
9.2.3. By End User
9.2.4. By Bikers Type

10. Middle East & Africa Bicycle Market Outlook

10.1. Market Size
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share
10.2.1. By Country
10.2.2. By Bicycle Type
10.2.3. By End User
10.2.4. By Bikers Type

11. Market Dynamics

11.1. Market Drivers
11.2. Market Challenges

12. Market Trends and Developments

13. Competitive Landscape

13.1. Porter's Five Forces
13.2. Company Profiles
13.2.1. Abici
13.2.2. A- Bike
13.2.3. Accell Group
13.2.4. Amer Sports
13.2.5. Atlas Cycles (Haryana) Ltd
13.2.6. Bridgestone Cycle
13.2.7. Caloi
13.2.8. Campagnolo
13.2.9. Cannondale
13.2.10. Cervelo Cycles
13.2.11. Cube Cycles
13.2.12. Curtlo Cycles
13.2.13. Derby Cycle
13.2.14. Dorel Industries Inc.
13.2.15. Tianjin Fuji-ta Bicycle Co.,Ltd.
13.2.16. Giant Bicycles
13.2.17. Hero Cycles Limited
13.2.18. Merida Bikes International
13.2.19. My Boo
13.2.20. Orbea Corporation
13.2.21. Scott Sports
13.2.22. Specialized Bicycle Components, Inc.
13.2.23. STRiDA Cycles
13.2.24. XDS Shenzhen Xidesheng Bicycles Co., Ltd.

14. Strategic Recommendations15. Disclaimer

List of Figures

Figure 1 : Global Bicycle Market Size - By Value 2016 to 2027F (USD Billion)
Figure 2 : Global Bicycle Market Size - By Volume 2016 to 2027F (USD Million)
Figure 3: Global Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 4: North America Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 5: Europe Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 6: Asia-Pacific Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 7: Latin America Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 8: Middle East & Africa Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)

List of Tables

Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Bicycle Market Share - By Region By Value 2021 & 2027F
Table 5: Global Bicycle Market Share - By Region By Volume 2021 & 2027F
Table 6: Global Bicycle Market Share - By Country By Value 2021 & 2027F
Table 7: Global Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 8: Global Bicycle Market Share By Company (2021)
Table 9: Global Bicycle Market Share - By Type By Value 2021 & 2027F
Table 10: Global Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 11: Global Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 12: Global Bicycle Market Share- By End User By Value 2021 & 2027F
Table 13: Global Bicycle Market Share- By Sales Channel By Value 2021 & 2027F
Table 14: Global Bicycle Market Share- By Sales Channel By Volume 2021 & 2027F
Table 15: Global Road Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 16: Global Road Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 17: Global Mountain Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 18: Global Mountain Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 19: Global Hybrid Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 20: Global Hybrid Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 21: Global Electric Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 22: Global Electric Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 23: Global Other Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 24: Global Other Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 25: North America Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 26: North America Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 27: North America Bicycle Market Share - By Country By Value 2021 & 2027F
Table 28: North America Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 29: North America Bicycle Market Share - By Type By Value 2021 & 2027F
Table 30: North America Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 31: North America Bicycle Market Share- By End User By Value 2021 & 2027F
Table 32: North America Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 33: Europe Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 34: Europe Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 35: Europe Bicycle Market Share - By Country By Value 2021 & 2027F
Table 36: Europe Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 37: Europe Bicycle Market Share - By Type By Value 2021 & 2027F
Table 38: Europe Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 39: Europe Bicycle Market Share- By End User By Value 2021 & 2027F
Table 40: Europe Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 41: Asia-Pacific Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 42: Asia-Pacific Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 43: Asia-Pacific Bicycle Market Share - By Country By Value 2021 & 2027F
Table 44: Asia-Pacific Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 45: Asia-Pacific Bicycle Market Share - By Type By Value 2021 & 2027F
Table 46: Asia-Pacific Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 47: Asia-Pacific Bicycle Market Share- By End User By Value 2021 & 2027F
Table 48: Asia-Pacific Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 49: Latin America Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 50: Latin America Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 51: Latin America Bicycle Market Share - By Country By Value 2021 & 2027F
Table 52: Latin America Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 53: Latin America Bicycle Market Share - By Type By Value 2021 & 2027F
Table 54: Latin America Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 55: Latin America Bicycle Market Share- By End User By Value 2021 & 2027F
Table 56: Latin America Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 57: Middle East & Africa Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 58: Middle East & Africa Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 59: Middle East & Africa Bicycle Market Share - By Country By Value 2021 & 2027F
Table 60: Middle East & Africa Bicycle Market Share - By Country By Volume 2021 & 2027F
Table 61: Middle East & Africa Bicycle Market Share - By Type By Value 2021 & 2027F
Table 62: Middle East & Africa Bicycle Market Share - By Type By Volume 2021 & 2027F
Table 63: Middle East & Africa Bicycle Market Share- By End User By Value 2021 & 2027F
Table 64: Middle East & Africa Bicycle Market Share- By End User By Volume 2021 & 2027F
Table 65: Key Facts of Abici
Table 66: Key Facts of A- Bike
Table 67: Key Facts of Accell Group
Table 68: Key Facts of Amer Sports
Table 69: Key Facts of Atlas Cycles (Haryana) Ltd
Table 70: Key Facts of Bridgestone Cycle
Table 71: Key Facts of Caloi
Table 72: Key Facts of Campagnolo
Table 73: Key Facts of Cannondale
Table 74: Key Facts of Cervelo Cycles
Table 75: Key Facts of Cube Cycles
Table 76: Key Facts of Curtlo Cycles
Table 77: Key Facts of Derby Cycle
Table 78: Key Facts of Dorel Industries Inc.
Table 79: Key Facts of Tianjin Fuji-ta Bicycle Co.,Ltd.
Table 80: Key Facts of Giant Bicycles
Table 81: Key Facts of Hero Cycles Limited
Table 82: Key Facts of Merida Bikes International
Table 83: Key Facts of My Boo
Table 84: Key Facts of Orbea Corporation
Table 85: Key Facts of Scott Sports
Table 86: Key Facts of Specialized Bicycle Components, Inc.
Table 87: Key Facts of STRiDA Cycles
Table 88: Key Facts of XDS Shenzhen Xidesheng Bicycles Co., Ltd.

Major Companies present in the market

Considered in this report

Aspects covered in this report

Regions & Countries covered in the report

Segment covered in the report

By Type

By End User

By Bikers Type

By Sales Channel

Intended audience

Table of Contents

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