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Globally, bicycles are increasingly perceived as a versatile, eco-friendly, and health-promoting mode of transportation. In many countries, bicycles are valued not just for leisure or sport but also as a primary means of commuting, especially in cities aiming to reduce carbon emissions and traffic congestion. Major countries with high bicycle usage include the Netherlands, Denmark, and Germany, where cycling infrastructure is well-developed, promoting bicycles as an efficient and reliable alternative to cars. China and India also have significant bicycle usage, both as a traditional means of transport and as an affordable option for short-distance travel.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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The actual term 'bicycle' refers to a two-wheeled vehicle powered by pedalling, allowing individuals to transport themselves without relying on fuel. Bicycles offer numerous benefits, such as promoting cardiovascular health, reducing pollution, and requiring minimal maintenance compared to motorized vehicles. Additionally, cycling is cost-effective and often faster for short trips within crowded cities, where traffic jams can hinder vehicle movement. In many urban centers globally, public perception is increasingly shifting to see bicycles as a sustainable solution to urban mobility challenges, with governments investing in bike lanes and rental programs to encourage cycling. As more people recognize these benefits, bicycles continue to grow in popularity worldwide as an environmentally friendly, affordable, and healthy choice for both commuting and recreation.
According to the research report,' Global Bicycle Market Outlook, 2029', the market is anticipated to cross USD 102.04 Billion market size by 2029, increasing from USD 72.03 Billion in 2023. The market is projected to grow with 6.09% CAGR by 2024-29.Several critical factors are propelling the global bicycle market, with a notable increase in environmental awareness and health consciousness leading the way. As the public becomes more aware of the detrimental effects of motor vehicles on the environment, bicycles are gaining traction as a sustainable alternative, particularly in urban areas focused on reducing pollution.
The health benefits associated with cycling, including improved cardiovascular health and overall fitness, further enhance market demand as individuals increasingly seek active lifestyles. Additionally, government initiatives aimed at developing cycling infrastructure such as dedicated bike lanes, public bike-sharing systems, and various cycling incentives have significantly boosted bicycle adoption, particularly in Europe and Asia. The escalation of fuel prices and the prevalence of urban congestion are also compelling consumers to consider bicycles as a cost-effective and practical means of transportation. Technological advancements, particularly in electric bicycles, have expanded the market's reach, making cycling more accessible and appealing for longer distances or challenging terrains. Together, these factors are contributing to the on-going growth of the global bicycle market.
The global bicycle market's By Type segment is dominated by E-bikes and road bikes, both of which hold the largest shares due to growing demand for sustainable, convenient transportation and high-performance cycling experiences. Road bikes are favored by commuters and cycling enthusiasts for their speed and efficiency on paved roads, while E-bikes have surged in popularity, driven by advances in battery technology and a shift toward eco-friendly urban mobility.
Mountain bikes also maintain a strong following among outdoor adventurers for their rugged, off-road capabilities, and hybrid bikes attract a wide range of users seeking a versatile option for both road and light off-road use. The 'Others' category, encompassing kids’ bikes, standard bikes, and MAAS (Mobility as a Service) bikes, completes the diverse offerings in the global bicycle market, addressing needs across various user demographics and purposes.
In the global bicycle market, the By End User and By Biker Type segments offer insights into diverse consumer preferences and usage patterns. Within the End User segment, men represent the largest share, driven by significant interest in cycling as both a fitness activity and a mode of transportation. This demand is fueled by urban commuters and fitness enthusiasts who prioritize performance and advanced bike features.
Women also comprise a growing portion of the market, with increasing participation in cycling spurred by the availability of designs tailored to female riders and a shift toward healthy lifestyles. The kids' segment is notable for its steady demand, as parents seek quality bikes for recreational use, skill development, and family-oriented activities.
The Biker Type segment further categorizes users based on engagement levels, with 'Leisure' bikers holding the highest share. Leisure riders, often recreational users, are drawn to affordable, user-friendly models that enhance casual rides or light exercise. This segment appeals to a broad range of ages and skill levels, contributing to its expansive reach. 'Highly Engaged' bikers, including competitive cyclists and dedicated enthusiasts, prioritize advanced, performance-oriented bicycles and are keen adopters of new technologies in road and mountain bikes. 'Engaged' cyclists, often regular but non-competitive riders, invest in bikes that balance performance and comfort, typically selecting hybrid or city bikes. Finally, 'Travel' bikers, who use bicycles for tourism and adventure trips, seek durable, adaptable models, often from the mountain and hybrid bike categories. Together, these segments reflect the diverse ways cycling serves both practical and recreational purposes worldwide.
In the global bicycle market, the By Technology Type and By Sales Channel segments underscore evolving consumer preferences in bike technology and purchasing behavior. Within the Technology Type segment, electric bicycles (E-bikes) have been rapidly gaining ground due to increased interest in eco-friendly commuting options, urban mobility solutions, and advanced battery technology, making them a popular choice among both casual and regular cyclists.
Despite this growth, conventional bicycles still command a significant share of the market, appealing to traditionalists and fitness-oriented cyclists who prioritize the physical and health benefits of pedal-only bikes. Conventional bikes remain particularly popular in markets where cycling culture is well-established as a fitness or recreational activity, contributing to balanced growth within the technology segment.
When examining the Sales Channel segment, retail shops - including specialized and sport-focused stores - hold the highest market share. These brick-and-mortar locations attract a loyal customer base by offering personalized services such as bike fitting, expert guidance, and on-site maintenance, appealing to both highly engaged cyclists and newcomers seeking quality assurance and a hands-on experience. Retail shops have proven particularly effective in regions with established cycling communities, where customers value expert advice and the chance to test equipment before purchasing.
Multi-brand stores appeal to value-conscious buyers seeking a range of options in one place, while the online channel has experienced strong growth due to its convenience, competitive pricing, and accessibility, particularly popular with tech-savvy and younger demographics. This diverse channel mix enables the bicycle market to cater to varied customer preferences and expand its global reach.
COVID-19 Impact
The outbreak of COVID-19 is certainly expected to favor the market's growth in the coming years as several governments around the globe are significantly promoting bicycles as one of the safest modes of transportation, which helps people to maintain social distance. Besides, governments across key countries, such as the U.K. and Italy, are providing subsidies for the purchase of new bicycles during the pandemic.Therefore, the government's support in the form of initiatives and subsidies, coupled with growing awareness regarding the benefits offered by bicycles, bodes well for the market's growth over the next few years. More people are choosing to ride their bikes to work to stay active after long lockdowns or to escape packed trains and buses. The environmental benefits of riding are leading to more bicycle lanes in cities across Europe, including Paris, Berlin, Lisbon, and Barcelona.
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: 2018
- Base year: 2023
- Estimated year: 2024
- Forecast year: 2029
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 Technology Type
- Electric
- Conventional
By Sales Channel
- Retail Shops (Specialized, Sport)
- Multi-brand
- Online
The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases.After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources.
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.
Table of Contents
1. Executive Summary5. Economic /Demographic Snapshot13. Strategic Recommendations15. Disclaimer
2. Market Dynamics
3. Research Methodology
4. Market Structure
6. Global Bicycle Market Outlook
7. North America Bicycle Market Outlook
8. Europe Bicycle Market Outlook
9. Asia-Pacific Bicycle Market Outlook
10. South America Bicycle Market Outlook
11. Middle East & Africa Bicycle Market Outlook
12. Competitive Landscape
14. Annexure
List of Figures
List of Tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abici Bikes
- A-Bike
- Accell Group
- Bridgestone
- Caloi
- Camplagnolo
- Cannondale
- Cervélo Cycles
- Cube Cycles
- Curtlo
- Derby Cycle
- Dorel Industries Inc.
- Fuji-ta
- Giant Bicycles
- Merida Bikes International
- Orbea
- Scott Sports
- Specialized Bicycle Components, Inc
- STRiDA
- XDS Shenzhen Xidesheng Bicycles Co
