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The bicycle industry is gaining more traction across the globe as it is the eco-friendly mode of transportation with a range of varieties such as road bikes, mountain bikes, hybrid bikes and electric bikes.
A bicycle is simple to operate and is considered one of the safest modes for travelling. The bicycle industry has been continuously growing since the decades when it was a major means of personal transportation. Furthermore, major bicycle associations such as Go Out and Tour Somewhere, Easy Rider Bike Club, and Road Soldiers Cycling Club all share a common goal: to increase customer interest in cycling. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel market growth. Preference for bicycles as a convenient form of exercise to ensure a healthy life free from obesity and other disorders is expected to further boost the market expansion. The popularity of dockless bicycle-sharing systems has been rising lately. This system allows users to locate a bicycle nearby and unlock it electronically. Initiated originally in Europe, dockless bicycle-sharing systems are gaining popularity, particularly in Asian nations such as India and China. A few years ago, bicycles were indisputable icons of Amsterdam, Copenhagen, or Barcelona. The craze for cycling has been on a steady rise in the South Asian nation, but that has been largely limited to the metropolitan cities. Rural areas accounted for nearly half of the cycle sales, even as people there were migrating to scooters, a faster mode of transport
According to the research report," Global Bicycle Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 102.04 Billion market size by 2029, increasing from USD 72.03 Billion in 2023. People have started to realize the importance of staying fit and having a healthy life. They have also started to realize that regular biking can keep disorders at bay, such as obesity. The market is likely to grow as more and more people resort to bicycling as a regular form of exercise. Events such as the Tour de France and Ronde van Vlaanderen further add to the popularity of these vehicles. Meanwhile, a rise in the number of bicycle events being organized in various countries in Asia, Africa, and the Middle East is fueling the sales of mountain and rode bicycles. Furthermore, recent advancements in mobile app development and the Global Positioning System (GPS) have resulted in app-based dockless bicycle-sharing systems. Moreover, the growing adoption of such dockless bicycle-sharing systems is anticipated to fuel the demand for bicycles significantly. To capitalize on market opportunities, Chinese bicycle-sharing companies are aggressively investing and expanding their operations in European countries. This is expected to boost the market's growth in the forthcoming years. For example, in the USA, people use bikes for slimming and better feeling because cycling burns 600 calories an hour, but in China or other countries people use bikes mostly for transportation needs. For these reasons in some country’s bikes are especially popular.
The growing traffic congestion and shortage of parking space, particularly in metropolitan areas, are prompting people to consider bicycle commutes for short distances to save time. At the same time, various governments are aggressively rolling out the infrastructure necessary to support bicycle commuters, thereby encouraging people to opt for bicycles. However, the looming lack of the infrastructure necessary to support and encourage bicycle commuters, particularly in developing economies such as India, is anticipated to hinder the growth of the market. Similarly, lightweight bicycles made using composite materials make them expensive, which does not bode well for the market's expansion. On the other hand, pollution created by emissions from gasoline-powered automobiles has reached new heights. In the meantime, green solution suppliers and manufacturers have seen bicycles as an opportunity. Bicycle manufacturing companies are taking advantage of these circumstances to expand and grow their businesses. Environmentally friendly means of transportation using bicycles as a mode of transportation have already gained traction and are a popular trend in European countries such as Denmark, the Netherlands, and the U.K. Governments in Europe and the United States have promoted the use of bicycles in cities where schools, workplaces, retail centers, and other amenities are located close to residential areas.
The Asia-Pacific region dominates the global bicycle market, driven by high population density, increasing urbanization, and a growing focus on eco-friendly transportation. China, India, and Japan are key players, with China being the world's largest producer and consumer of bicycles. The region benefits from strong government initiatives promoting cycling as a sustainable alternative to motor vehicles, reducing traffic congestion and carbon emissions. China’s bicycle-sharing services, extensive cycling infrastructure, and affordability of bicycles contribute significantly to market leadership. India, with its expanding middle-class population, sees rising demand for bicycles, particularly in rural and semi-urban areas. Japan’s high preference for electric and folding bicycles further strengthens the region’s position. The European market follows closely, driven by government policies supporting cycling for health and environmental benefits. Countries like Germany, the Netherlands, and Denmark have well-established cycling cultures and infrastructure. The rise of e-bikes and sports bicycles also fuels market growth in Europe. In North America, urban commuters are increasingly adopting bicycles, and electric bikes (e-bikes) are gaining traction. However, dependence on automobiles limits the overall market growth. With strong manufacturing capabilities, government support, and a culture of cycling, Asia-Pacific remains the most dominant region in the global bicycle market.
The global bicycle market consists of various types, catering to diverse consumer needs. Road bikes dominate due to their lightweight frame and high speed, making them ideal for commuting and racing. Mountain bikes (MTBs) are popular among adventure enthusiasts for off-road cycling, offering durable frames and advanced suspension systems. Hybrid bikes combine the features of road and mountain bikes, providing versatility for both urban commuting and light trail riding. E-bikes are the fastest-growing segment, driven by increasing demand for sustainable transportation and assisted pedaling technology. Lastly, the others category includes kids’ bikes, standard commuter cycles, and Mobility as a Service (MaaS) bicycles used for bike-sharing services worldwide. The bicycle market is segmented by end users into men, women, and kids. The men’s segment dominates due to higher demand for performance-based and sports bicycles. Women’s bicycles are gaining popularity with ergonomically designed frames and enhanced comfort features. The kids' segment is growing due to increased parental focus on outdoor activities and health benefits. Rising disposable income and growing cycling culture contribute to market expansion across all demographics.
Bicycles cater to different biker profiles based on engagement levels. Highly engaged cyclists participate in professional sports and competitive events, demanding high-performance bikes. Engaged bikers use bicycles for fitness and regular training. Leisure riders prefer casual cycling for recreation, while travel bikers use bicycles for touring and long-distance travel. Each segment influences demand for specific bike types, shaping industry trends. Bicycles are available in electric and conventional models. Electric bicycles (e-bikes) are rapidly gaining traction due to their battery-assisted pedaling, making cycling easier and accessible to a wider audience, including the elderly and commuters. Conventional bicycles, though still widely used, face competition from e-bikes in urban transportation and shared mobility sectors. The shift towards e-bikes is fueled by environmental concerns and supportive government policies. Bicycles are distributed through various sales channels. Retail shops, including specialized and sports stores, dominate due to personalized services and test-riding facilities. Multi-brand stores provide diverse choices, catering to different price segments. Online platforms are witnessing rapid growth due to convenience, wider selection, and competitive pricing. The shift towards e-commerce has accelerated, especially post-pandemic, with many brands offering direct-to-consumer models.
According to the research report," Global Bicycle Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 102.04 Billion market size by 2029, increasing from USD 72.03 Billion in 2023. People have started to realize the importance of staying fit and having a healthy life. They have also started to realize that regular biking can keep disorders at bay, such as obesity. The market is likely to grow as more and more people resort to bicycling as a regular form of exercise. Events such as the Tour de France and Ronde van Vlaanderen further add to the popularity of these vehicles. Meanwhile, a rise in the number of bicycle events being organized in various countries in Asia, Africa, and the Middle East is fueling the sales of mountain and rode bicycles. Furthermore, recent advancements in mobile app development and the Global Positioning System (GPS) have resulted in app-based dockless bicycle-sharing systems. Moreover, the growing adoption of such dockless bicycle-sharing systems is anticipated to fuel the demand for bicycles significantly. To capitalize on market opportunities, Chinese bicycle-sharing companies are aggressively investing and expanding their operations in European countries. This is expected to boost the market's growth in the forthcoming years. For example, in the USA, people use bikes for slimming and better feeling because cycling burns 600 calories an hour, but in China or other countries people use bikes mostly for transportation needs. For these reasons in some country’s bikes are especially popular.
The growing traffic congestion and shortage of parking space, particularly in metropolitan areas, are prompting people to consider bicycle commutes for short distances to save time. At the same time, various governments are aggressively rolling out the infrastructure necessary to support bicycle commuters, thereby encouraging people to opt for bicycles. However, the looming lack of the infrastructure necessary to support and encourage bicycle commuters, particularly in developing economies such as India, is anticipated to hinder the growth of the market. Similarly, lightweight bicycles made using composite materials make them expensive, which does not bode well for the market's expansion. On the other hand, pollution created by emissions from gasoline-powered automobiles has reached new heights. In the meantime, green solution suppliers and manufacturers have seen bicycles as an opportunity. Bicycle manufacturing companies are taking advantage of these circumstances to expand and grow their businesses. Environmentally friendly means of transportation using bicycles as a mode of transportation have already gained traction and are a popular trend in European countries such as Denmark, the Netherlands, and the U.K. Governments in Europe and the United States have promoted the use of bicycles in cities where schools, workplaces, retail centers, and other amenities are located close to residential areas.
The Asia-Pacific region dominates the global bicycle market, driven by high population density, increasing urbanization, and a growing focus on eco-friendly transportation. China, India, and Japan are key players, with China being the world's largest producer and consumer of bicycles. The region benefits from strong government initiatives promoting cycling as a sustainable alternative to motor vehicles, reducing traffic congestion and carbon emissions. China’s bicycle-sharing services, extensive cycling infrastructure, and affordability of bicycles contribute significantly to market leadership. India, with its expanding middle-class population, sees rising demand for bicycles, particularly in rural and semi-urban areas. Japan’s high preference for electric and folding bicycles further strengthens the region’s position. The European market follows closely, driven by government policies supporting cycling for health and environmental benefits. Countries like Germany, the Netherlands, and Denmark have well-established cycling cultures and infrastructure. The rise of e-bikes and sports bicycles also fuels market growth in Europe. In North America, urban commuters are increasingly adopting bicycles, and electric bikes (e-bikes) are gaining traction. However, dependence on automobiles limits the overall market growth. With strong manufacturing capabilities, government support, and a culture of cycling, Asia-Pacific remains the most dominant region in the global bicycle market.
The global bicycle market consists of various types, catering to diverse consumer needs. Road bikes dominate due to their lightweight frame and high speed, making them ideal for commuting and racing. Mountain bikes (MTBs) are popular among adventure enthusiasts for off-road cycling, offering durable frames and advanced suspension systems. Hybrid bikes combine the features of road and mountain bikes, providing versatility for both urban commuting and light trail riding. E-bikes are the fastest-growing segment, driven by increasing demand for sustainable transportation and assisted pedaling technology. Lastly, the others category includes kids’ bikes, standard commuter cycles, and Mobility as a Service (MaaS) bicycles used for bike-sharing services worldwide. The bicycle market is segmented by end users into men, women, and kids. The men’s segment dominates due to higher demand for performance-based and sports bicycles. Women’s bicycles are gaining popularity with ergonomically designed frames and enhanced comfort features. The kids' segment is growing due to increased parental focus on outdoor activities and health benefits. Rising disposable income and growing cycling culture contribute to market expansion across all demographics.
Bicycles cater to different biker profiles based on engagement levels. Highly engaged cyclists participate in professional sports and competitive events, demanding high-performance bikes. Engaged bikers use bicycles for fitness and regular training. Leisure riders prefer casual cycling for recreation, while travel bikers use bicycles for touring and long-distance travel. Each segment influences demand for specific bike types, shaping industry trends. Bicycles are available in electric and conventional models. Electric bicycles (e-bikes) are rapidly gaining traction due to their battery-assisted pedaling, making cycling easier and accessible to a wider audience, including the elderly and commuters. Conventional bicycles, though still widely used, face competition from e-bikes in urban transportation and shared mobility sectors. The shift towards e-bikes is fueled by environmental concerns and supportive government policies. Bicycles are distributed through various sales channels. Retail shops, including specialized and sports stores, dominate due to personalized services and test-riding facilities. Multi-brand stores provide diverse choices, catering to different price segments. Online platforms are witnessing rapid growth due to convenience, wider selection, and competitive pricing. The shift towards e-commerce has accelerated, especially post-pandemic, with many brands offering direct-to-consumer models.
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