Bicycle Market By Size, Share and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 50 Billion
CAGR (2023-2028)	4.5%
Fastest Growing Segment	E-Bicycle
Largest Market	Asia-Pacific

Market Overview

Global Bicycle Market has valued at USD 50 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.5% through 2028. The Global Bicycle Market is a dynamic and diverse industry that encompasses a wide range of bicycles catering to various purposes and consumer preferences. Bicycles have evolved from being simple modes of transportation to embodying health, fitness, leisure, and environmental sustainability. The market offers an array of options, including traditional road bikes, versatile mountain bikes, efficient electric bikes (e-bikes), and practical urban commuter models. The growing emphasis on health and fitness has driven a significant demand for bicycles as tools for exercise and physical activity. Additionally, rising concerns about environmental sustainability have led to increased adoption of bicycles as eco-friendly transportation alternatives, contributing to reduced carbon emissions and urban congestion. The global trend towards urbanization and the need for efficient urban mobility solutions have further fueled the popularity of bicycles for commuting, as they offer a practical and cost-effective means of navigating congested city streets. The advancement of technology has introduced innovations such as e-bikes, which combine human pedaling with electric assistance, catering to a broader demographic and making cycling more accessible. Furthermore, the bicycle market has witnessed a surge in interest from both developed and developing regions, driven by initiatives to promote cycling infrastructure, bike-sharing programs, and awareness campaigns for a healthier lifestyle. As governments and urban planners invest in creating bike-friendly cities, the bicycle market continues to evolve to meet the demands of a changing transportation landscape. Overall, the Global Bicycle Market thrives on its versatility, catering to individual preferences, societal trends, and environmental concerns, positioning bicycles as more than just modes of transportation, but as vehicles that promote well-being, sustainability, and efficient urban mobility.

Key Market Drivers

Health and Wellness Focus

A significant driver of the Global Bicycle Market is the growing emphasis on health and wellness. Increasing awareness of sedentary lifestyles, rising obesity rates, and the benefits of regular physical activity have encouraged individuals to seek active modes of transportation. Bicycles provide an accessible and enjoyable way to engage in exercise, allowing people to incorporate physical activity into their daily routines, enhance cardiovascular fitness, and maintain a healthy lifestyle.

Environmental Sustainability

The rising concern about environmental sustainability is a prominent driver for the adoption of bicycles. As individuals and societies strive to reduce carbon emissions and their ecological footprint, bicycles emerge as a sustainable alternative to fossil fuel-powered vehicles. Bicycles produce zero emissions, contributing to cleaner air quality, reduced traffic congestion, and mitigating the impacts of climate change, making them a compelling option for environmentally conscious consumers.

Urbanization and Congestion

The rapid pace of urbanization has led to increased traffic congestion, longer commutes, and challenges related to air pollution. Bicycles offer a solution to these urban mobility issues by providing a flexible and efficient means of transportation within densely populated cities. Governments and urban planners are promoting cycling infrastructure, bike-sharing programs, and dedicated cycling lanes to alleviate traffic congestion and enhance urban mobility.

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Cost-Effectiveness

Bicycles are cost-effective transportation solutions compared to motor vehicles. They have lower upfront costs, require minimal maintenance, and incur significantly lower operating expenses, including fuel and parking fees. This affordability factor makes bicycles an attractive option for individuals seeking to reduce their transportation expenditures, especially in economically challenging times.

Accessibility and Inclusivity

Bicycles are accessible to a wide range of individuals, regardless of age, income, or physical ability. They offer a mode of transportation that is not restricted by licensing requirements, making them inclusive for various demographics. The advent of electric bikes (e-bikes) has further extended accessibility, allowing people with varying fitness levels or physical limitations to comfortably engage in cycling.

Technological Innovations

Advancements in technology have brought forth innovations that enhance the appeal and functionality of bicycles. Electric bikes (e-bikes) have gained popularity, incorporating electric assistance that makes cycling easier and extends travel distances. Additionally, smart features such as GPS navigation, fitness tracking, and integrated communication systems have added value to modern bicycles, appealing to tech-savvy consumers.

Policy Initiatives and Government Support

Governments and municipalities worldwide are implementing policy initiatives to promote cycling as a sustainable mode of transportation. Incentives such as tax benefits, subsidies, and infrastructure investments encourage individuals and businesses to adopt bicycles. Bike-sharing programs and the development of cycling lanes contribute to creating a bicycle-friendly environment and fostering a culture of cycling.

Urban Lifestyle and Convenience

The trend towards urban living has led to a preference for compact and convenient transportation options. Bicycles offer a practical solution for navigating urban environments, allowing riders to avoid traffic congestion, find parking easily, and access destinations quickly. The versatility of bicycles in congested areas aligns with the desire for a seamless and efficient urban lifestyle.

Changing Mobility Preferences

Consumer attitudes toward mobility are evolving, with an increasing number of individuals seeking alternatives to traditional car ownership. Bicycles provide a flexible and agile mode of transportation that suits short distances, urban commutes, and last-mile connectivity. This changing mobility landscape drives interest in bicycles as viable alternatives to conventional vehicles.

Rise of Bicycle Tourism

Bicycle tourism, involving recreational and leisure cycling activities, has gained traction. Many regions are promoting cycling routes and trails, attracting tourists who wish to explore scenic landscapes and cultural sites on two wheels. Bicycle tourism drives demand for specialized bicycles, contributing to market growth and regional economic development.

Key Market Challenges

Traffic Safety and Infrastructure

One of the significant challenges facing the Global Bicycle Market is the issue of traffic safety, particularly in urban environments. Inadequate cycling infrastructure, lack of dedicated bike lanes, and interactions with motor vehicles can lead to accidents and discourage potential riders. Creating safer cycling environments through proper infrastructure planning and traffic management is crucial to enhancing cyclist safety and encouraging wider adoption.

Regulatory Frameworks and Enforcement

Regulatory frameworks that govern cycling practices and safety standards vary widely across regions and countries. Inconsistent regulations can lead to confusion among cyclists and motorists, affecting the overall safety and experience of cycling. Harmonizing regulations, implementing effective enforcement mechanisms, and raising awareness about cycling laws are essential steps to address this challenge.

Theft and Security Concerns

Bicycle theft is a persistent challenge that affects both individuals and bike-sharing programs. The vulnerability of bicycles to theft can deter potential riders and disrupt efforts to promote cycling as a viable mode of transportation. Developing secure parking facilities, implementing tracking technologies, and fostering a culture of responsible ownership are strategies to mitigate theft concerns.

Urbanization and Space Constraints

As urbanization intensifies, cities are facing limitations in available space for cycling infrastructure. The challenge of allocating space for dedicated bike lanes and storage facilities in densely populated urban areas hampers efforts to create cyclist-friendly environments. Innovative urban planning that integrates cycling infrastructure with existing transportation systems is crucial to overcoming this challenge.

Limited Intermodal Connectivity

Intermodal connectivity, or the ease of transitioning between different modes of transportation, is essential for creating seamless and efficient travel experiences. Challenges in connecting bicycles with other modes of transportation, such as buses, trains, or cars, can discourage individuals from considering cycling as a complete travel solution. Developing integrated transportation networks that accommodate bicycles and facilitate easy transfers is vital to enhancing overall mobility.

Perception and Cultural Factors

In some regions, cycling is still perceived as a mode of transportation associated with lower socioeconomic status or limited accessibility. Overcoming negative perceptions and cultural barriers is essential to increasing cycling adoption rates. Promoting the health, environmental, and cost benefits of cycling, along with initiatives that promote cycling as a mainstream activity, can shift public perception.

E-Bike Regulation and Acceptance

The growth of electric bikes (e-bikes) introduces regulatory challenges, as they bridge the gap between traditional bicycles and motorized vehicles. Determining appropriate regulations for e-bike classifications, speed limits, and usage on different types of roads poses challenges. Clear guidelines and consistent regulations are needed to ensure the safe integration of e-bikes into transportation systems.

Maintenance and Technical Expertise

While bicycles are relatively simple machines, proper maintenance is essential for ensuring their longevity, performance, and safety. Lack of technical expertise or access to repair services can discourage potential riders. Efforts to provide accessible maintenance resources, educate riders about basic repairs, and support local bike shops contribute to overcoming this challenge.

Pricing and Accessibility

The initial cost of purchasing a bicycle, particularly specialized or high-quality models, can be a barrier for some individuals. Ensuring affordable options for various income levels is crucial to promoting cycling as an accessible mode of transportation. Government subsidies, affordable bike-sharing programs, and initiatives that encourage bike donations can address this challenge.

Competitive Alternatives

The Global Bicycle Market competes with various alternative transportation options, including cars, public transit, ride-sharing services, and emerging micro-mobility solutions like electric scooters. Providing compelling reasons for individuals to choose bicycles over these alternatives requires effective marketing, infrastructure investment, and addressing the unique advantages of cycling, such as health benefits and reduced environmental impact.

Key Market Trends

Electric Bicycles (E-Bikes) Surge

Electric bicycles, or e-bikes, have witnessed a surge in popularity as a significant trend within the Global Bicycle Market. E-bikes combine traditional pedaling with electric assistance, offering riders enhanced mobility, extended travel distances, and the ability to conquer hills and longer commutes with ease. This trend caters to a broader demographic, including individuals with varying fitness levels, older riders, and those seeking a convenient and efficient mode of urban transportation.

Micro-Mobility Solutions

The rise of micro-mobility solutions, such as electric scooters and small electric vehicles, has contributed to the diversification of urban transportation options. While not traditional bicycles, these solutions align with the broader trend of sustainable, last-mile connectivity. They cater to short-distance travel needs within urban environments, reducing congestion and offering alternatives to traditional modes of transportation.

Urbanization and Cycling Infrastructure

Urbanization trends are driving a significant shift towards cycling as a viable mode of urban transportation. Cities worldwide are investing in cycling infrastructure, including dedicated bike lanes, cycling paths, and bike-sharing programs. As urban congestion intensifies, cycling offers a practical solution for navigating city streets efficiently and reducing traffic congestion.

Health and Wellness Movement

The emphasis on health and wellness has transcended the confines of fitness centers and influenced the Global Bicycle Market. Increasingly, individuals are incorporating cycling into their routines to maintain active lifestyles. Bicycles are recognized as tools for cardiovascular exercise, promoting weight management, and supporting mental well-being. The health-conscious trend is driving demand for bicycles as a means of achieving fitness goals and enjoying outdoor activities.

Sustainable Transportation

Environmental consciousness is a major driver of consumer choices, and the Global Bicycle Market aligns well with sustainability goals. Bicycles offer a low-carbon, eco-friendly transportation option that produces zero emissions. The growing awareness of environmental challenges and the desire to reduce carbon footprints are motivating individuals and communities to opt for bicycles as part of sustainable mobility solutions.

Shared Mobility and Bike-Sharing Programs

Shared mobility solutions, including bike-sharing programs, have gained traction in urban areas as part of the broader trend towards efficient transportation options. Bike-sharing programs provide access to bicycles without the need for ownership, offering convenience and flexibility for short trips. These programs contribute to reducing traffic congestion, promoting healthier lifestyles, and easing transportation costs for users.

Technological Integration

The integration of technology into bicycles is a trend that enhances user experiences and functionality. GPS navigation, fitness tracking apps, and smart locks are being incorporated into modern bicycles. This technological integration enhances safety, connectivity, and convenience for riders, attracting tech-savvy consumers and contributing to the overall appeal of cycling.

Customization and Personalization

Consumers increasingly seek customized products that align with their individual preferences and lifestyles. This trend is influencing the Global Bicycle Market, with manufacturers offering options for personalization in terms of design, color, accessories, and components. Customization allows consumers to create bicycles that reflect their unique style and practical needs.

Rise of Urban Commuting

The trend towards urban living and the desire for efficient, convenient transportation options have boosted the popularity of bicycles for daily commuting. As individuals seek alternatives to crowded public transit and congested roadways, bicycles offer a flexible and cost-effective means of navigating cities, promoting well-being, and reducing travel times.

Bicycle Tourism and Exploration

Bicycle tourism is on the rise as a trend that combines travel with recreational cycling experiences. Regions are developing cycling routes, trails, and scenic paths to attract tourists who wish to explore destinations on two wheels. This trend fosters local economies, promotes active tourism, and creates opportunities for bicycle-related businesses.

Segmental Insights

By Type Insights

The global bicycle market can be segmented on the basis of type which includes mountain bikes, hybrid bikes, road bikes, and others. Mountain bikes, known for their sturdiness and reliability, are constructed to withstand off-road conditions and rough terrains. Hybrid bikes, on the other hand, blend the characteristics of both mountain and road bikes, providing a versatile option for those cycling in urban areas and off-road trails. Road bikes, designed for speed and efficiency on paved routes, are favored by professional cyclists and fitness enthusiasts. The 'others' category includes specialty bikes like BMX and cruiser bikes. Each segment's market share, growth rate, and demand drivers might vary, reflecting the diverse preferences and needs of global consumers.

Distribution Channel Insights

The global bicycle market utilizes a diverse range of distribution channels including bicycle specialty stores, sports outlets, online retailers, and direct-to-consumer channels. Bicycle specialty stores are recognized as major contributors to sales due to their wide variety of offerings and high-quality customer service. Online retail, on the other hand, is witnessing significant growth, driven by the rising trend of e-commerce and the convenience it offers. Direct-to-consumer channels are also gaining prominence as manufacturers aim to enhance their customer relationships and retain greater control over pricing and branding.

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Regional Insights

The global bicycle market showcases varying trends and preferences across different regions. In North America, a significant shift towards health awareness and eco-friendly transportation has led to a surge in the cycling culture. Europe, with its highly developed infrastructure for cyclists, continues to spearhead the global bicycle market. On the other hand, the Asia-Pacific region is witnessing an unprecedented rise in bicycle demand due to growing traffic congestion and an increasing number of fitness enthusiasts. Thus, each region contributes uniquely to the trends and growth of the global bicycle market.

Recent Developments

In 2022, Porsche has partnered with Pon Holdings’ Ponooc Investment BV to develop an e-bike drive system.
In 2022, Trek Bicycle Corporation has acquired Folsom Bike which a locally owned and operated bike company.

Key Market Players

Accell Group NV
Trek Bicycle Corporation
Pon Holdings BV
Giant Manufacturing Co. Ltd
Bulls Bikes
Pedego Inc.
Benno Bikes LLC
Hero Cycles Limited
Ribble Cycles
Riese Und Muller Gmbh

By Type	By Distribution Channel	By Region
Road Bicycle Hybrid Bicycle All Terrain Bicycle E-bicycle Others	Offline Retail Stores Online Retail Stores	Asia-Pacific Europe & CIS North America South America Middle East & Africa

Report Scope:

In this report, the Global Bicycle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Bicycle Market, By Type:

o Road Bicycle

o Hybrid Bicycle

o All Terrain Bicycle

o E-bicycle

o Others

Global Bicycle Market, By Distribution Channel:

o Offline Retail Stores

o Online Retail Stores

Global Bicycle Market, Region:

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o North America

§ United States

§ Mexico

§ Canada

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bicycle Market.

Available Customizations:

Global Bicycle Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Bicycle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Bicycle Market

5. Global Bicycle Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Road Bicycle, Hybrid Bicycle, All Terrain Bicycle, E-bicycle, and Other Types)

5.2.2. By Distribution Channel Market Share Analysis (Offline Retail Stores and Online Retail Stores)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. Europe & CIS Market Share Analysis

5.2.3.3. North America Market Share Analysis

5.2.3.4. South America Market Share Analysis

5.2.3.5. Middle East & Africa Market Share Analysis

5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3. Global Bicycle Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Bicycle Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis

6.2.2. By Distribution Channel Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Market Share Analysis

6.2.3.2. India Market Share Analysis

6.2.3.3. Japan Market Share Analysis

6.2.3.4. Indonesia Market Share Analysis

6.2.3.5. Thailand Market Share Analysis

6.2.3.6. South Korea Market Share Analysis

6.2.3.7. Australia Market Share Analysis

6.2.3.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Bicycle Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Volume & Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type Market Share Analysis

6.3.1.2.2. By Distribution Channel Market Share Analysis

6.3.2. India Bicycle Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Volume & Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type Market Share Analysis

6.3.2.2.2. By Distribution Channel Market Share Analysis

6.3.3. Japan Bicycle Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Volume & Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type Market Share Analysis

6.3.3.2.2. By Distribution Channel Market Share Analysis

6.3.4. Indonesia Bicycle Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Volume & Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Type Market Share Analysis

6.3.4.2.2. By Distribution Channel Market Share Analysis

6.3.5. Thailand Bicycle Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Volume & Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Type Market Share Analysis

6.3.5.2.2. By Distribution Channel Market Share Analysis

6.3.6. South Korea Bicycle Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Volume & Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Type Market Share Analysis

6.3.6.2.2. By Distribution Channel Market Share Analysis

6.3.7. Australia Bicycle Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Volume & Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Type Market Share Analysis

6.3.7.2.2. By Distribution Channel Market Share Analysis

7. Europe & CIS Bicycle Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis

7.2.2. By Distribution Channel Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. Germany Market Share Analysis

7.2.3.2. Spain Market Share Analysis

7.2.3.3. France Market Share Analysis

7.2.3.4. Russia Market Share Analysis

7.2.3.5. Italy Market Share Analysis

7.2.3.6. United Kingdom Market Share Analysis

7.2.3.7. Belgium Market Share Analysis

7.2.3.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Bicycle Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume & Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type Market Share Analysis

7.3.1.2.2. By Distribution Channel Market Share Analysis

7.3.2. Spain Bicycle Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume & Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type Market Share Analysis

7.3.2.2.2. By Distribution Channel Market Share Analysis

7.3.3. France Bicycle Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume & Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type Market Share Analysis

7.3.3.2.2. By Distribution Channel Market Share Analysis

7.3.4. Russia Bicycle Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume & Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type Market Share Analysis

7.3.4.2.2. By Distribution Channel Market Share Analysis

7.3.5. Italy Bicycle Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume & Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type Market Share Analysis

7.3.5.2.2. By Distribution Channel Market Share Analysis

7.3.6. United Kingdom Bicycle Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume & Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Type Market Share Analysis

7.3.6.2.2. By Distribution Channel Market Share Analysis

7.3.7. Belgium Bicycle Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume & Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Type Market Share Analysis

7.3.7.2.2. By Distribution Channel Market Share Analysis

8. North America Bicycle Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Type Market Share Analysis

8.2.2. By Distribution Channel Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. United States Market Share Analysis

8.2.3.2. Mexico Market Share Analysis

8.2.3.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Bicycle Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume & Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type Market Share Analysis

8.3.1.2.2. By Distribution Channel Market Share Analysis

8.3.2. Mexico Bicycle Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume & Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type Market Share Analysis

8.3.2.2.2. By Distribution Channel Market Share Analysis

8.3.3. Canada Bicycle Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume & Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type Market Share Analysis

8.3.3.2.2. By Distribution Channel Market Share Analysis

9. South America Bicycle Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Type Market Share Analysis

9.2.2. By Distribution Channel Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. Brazil Market Share Analysis

9.2.3.2. Argentina Market Share Analysis

9.2.3.3. Colombia Market Share Analysis

9.2.3.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Bicycle Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume & Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type Market Share Analysis

9.3.1.2.2. By Distribution Channel Market Share Analysis

9.3.2. Colombia Bicycle Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume & Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type Market Share Analysis

9.3.2.2.2. By Distribution Channel Market Share Analysis

9.3.3. Argentina Bicycle Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume & Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type Market Share Analysis

9.3.3.2.2. By Distribution Channel Market Share Analysis

10. Middle East & Africa Bicycle Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Distribution Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. Turkey Market Share Analysis

10.2.3.2. Iran Market Share Analysis

10.2.3.3. Saudi Arabia Market Share Analysis

10.2.3.4. UAE Market Share Analysis

10.2.3.5. Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Bicycle Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume & Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type Market Share Analysis

10.3.1.2.2. By Distribution Channel Market Share Analysis

10.3.2. Iran Bicycle Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume & Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type Market Share Analysis

10.3.2.2.2. By Distribution Channel Market Share Analysis

10.3.3. Saudi Arabia Bicycle Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume & Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type Market Share Analysis

10.3.3.2.2. By Distribution Channel Market Share Analysis

10.3.4. UAE Bicycle Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Volume & Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Type Market Share Analysis

10.3.4.2.2. By Distribution Channel Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Accell Group NV

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. Trek Bicycle Corporation

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Pon Holdings BV

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Giant Manufacturing Co. Ltd

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Bulls Bikes

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Pedego Inc.

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Benno Bikes LLC

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Hero Cycles Limited

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. Ribble Cycles

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Riese Und Muller Gmbh

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Type

15.1.3. Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Bicycle Market in 2022?

The market size of the Global Bicycle Market was estimated to be USD 50 Billion in 2022.

Which was the dominant segment by type in the Global Bicycle Market in 2022?

In 2022, e-bicycles emerged as the dominant segment in the Global Bicycle Market, driven by an increased focus on sustainable modes of transport, advancements in battery technology, and the growing consumer preference for health and fitness activities. E-bicycles have the added advantage of providing assistance in pedaling, making cycling more accessible to a broader demographic, including the elderly and those with physical limitations. This segment's growth is expected to continue at a remarkable pace in the foreseeable future.

Which is the dominant region in the Global Bicycle Market?

The Asia-Pacific region dominates the global bicycle market, driven by a high population density, a growing focus on sustainable transportation, and significant market players' presence. China, in particular, stands out as the leader in this realm due to its substantial production and consumption of bicycles.

What are the major drivers for the Global Bicycle Market?

The major drivers for the Global Bicycle Market include the increasing emphasis on health and fitness, rising concerns about environmental sustainability, and the growing popularity of urban commuting and alternative transportation options. These drivers are fueling demand for bicycles as a means of exercise, eco-friendly transportation, and solutions for urban congestion.

Related Reports

Srishti Verma

Business Consultant

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Press Release

Bicycle Market to Grow with a CAGR of 4.5% through 2028

Oct, 2023

The major drivers for the Global Bicycle Market include the increasing emphasis on health and fitness, rising concerns about environmental sustainability, and the growing popularity of urban commutin

Bicycle Market Segmented By Type (Road Bicycle, Hybrid Bicycle, All Terrain Bicycle, E-bicycle, and Others), By Distribution Channel (Offline Retail Stores and Online Retail Stores), By Regional, Competition Forecast & Opportunities 2018 – 2028F

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