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Global Bicycle Market Outlook, 2027
Global Bicycle Market Outlook, 2027

2022

Global Bicycle Market Outlook, 2027

Global Bicycle Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

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Featured Companies

  • 1. ATLAS CYCLES (HARYANA) LIMITED
  • 2. Hero Cycles Limited
  • 3. Abici Bikes
  • 4. A-Bike
  • 5. Accell Group
  • 6. Bridgestone
  • 7. Caloi
  • 8. Camplagnolo
  • 9. Cannondale
  • More...

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 an eco-friendly mode of transportation that is available in a range of varieties such as cargo bikes, electric bikes, and mountain bikes. A bicycle is simple to operate and is considered one of the safest modes for travelling. 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. Thus, they are involved in hosting various sports tournaments, fun activities, bike rallies, and competitions, which motivate customers to use bicycles. Moreover, the trend in bicycle sports is gaining more traction in Europe and North America. This is attributed to the fact that the majority of the tournaments, such as the Tour de France and LoToJa, are held in these regions.

According to the report, "Global Bicycle Market Outlook, 2027", published by Bonafide Research, 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. 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.

Asia-Pacific is the fastest-growing region in the global bicycle market, holding a share of over 50% in value terms in the year 2021. China, Japan, Australia, India, and South Korea are some of the top contributing countries in the region. These countries have hosted many cycling tournaments, which will increase the popularity and demand for sports bicycles. A few years ago, bicycles were indisputable icons of Amsterdam, Copenhagen, or Barcelona. However, cycles have now made their way through Latin American cities’ maze of street vendors, parks, and streets that are not always apt for pedaling. Yet, the region holds the lowest share in terms of both value and volume.

While mountain bikes dominate the market by value, road bikes dominate by volume. Even though mountain bikes have a considerable fan base globally, the price of the segment is higher than the road bikes, and the demand is limited to professional and adventure riders. Thus, mountain bikes are being recorded to hold a share of over 15% by value. Moreover, rapidly progressing infrastructure spending is also taking the form of establishing e-bike recharge stations and increasing bicycle parking and hiring stations, especially near metro stations to ease multimodal transportation, thus driving the overall market.

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 countries bikes are especially popular.

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 road bicycles.

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.

Technological improvements and the creation of government subsidiaries have acted as spurs for the bicycle industry's expansion. The bicycle market's growth is majorly driven by a rise in disposable income and a surge in consumer spending on the industry. Furthermore, in developed countries, the demand for electric bikes and cargo bikes is increasing significantly, as electric bikes are safe, easy to operate, and low in maintenance. In addition, these bikes do not require a driving license, which enables customers of various age groups to drive them, thereby fueling their demand globally. However, cycling in unfavorable weather conditions is unsafe, which limits the use of bicycles. In addition, the low durability of batteries in electric bikes limits the growth of the market.

Along with innovation in the kids' segment, manufacturers are covering the adult customer segment. They are upgrading and are focusing on technological advancements in bicycles such as integration of Bluetooth, GPS, more durable batteries, improvement in gear-shifting functionality, balancing ventilation, and aerodynamics. These technological advancements improve the driving experience of users. An increasing application base of bicycles in trekking and recreational activities, coupled with a rising number of cycling events, is expected to boost the demand for both general and sports bicycles. The increasing influence of celebrity endorsements and increasing media coverage for such events are expected to further fuel market growth. On August 1, 2010, this entry was published.

Furthermore, various governing bodies in European countries, such as Cycling Ireland, promote road racing, touring and leisure cycling, track racing, and off-road racing events. For instance, according to the Irish Sports Council, investments by Sport Ireland toward Cycling Ireland increased from EUR 292.5 thousand in 2015 to EUR 440 thousand in 2019, encouraging consumers’ involvement in various cycling activities in Ireland. The ultimate objective of the event was to raise awareness about cycling and increase the uptake of cycling within the city. Moreover, international sports events, such as cycling championships, also encourage the involvement of consumers in cycling, driving the market growth.

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.

Recent Developments:
• In September 2021, SCOTT's first gravel and adventure bike, The Addict Gravel, was given a makeover by well-known bike manufacturer and customizer, Dangerholm.
• In August 2020, Merida Industry Co., Ltd. unveiled the fourth-generation REACTO bike. The 'aero bike', which promotes ultra-low wind resistance and extreme speed, has been the most successful professional road cycling series in the last decade.
• In September 2019, Tern and Enviolo collaborated to launch a new automatic shifting system for e-bikes.

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: 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

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.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Companies Mentioned

  • ATLAS CYCLES (HARYANA) LIMITED
  • Hero Cycles Limited
  • 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
  • My Boo Cycles
  • Amer Sports

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. 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
  • 6.3. US Bicycle Market Outlook
  • 6.3.1. Market Size
  • 6.3.1.1. By Value
  • 6.3.1.2. By Volume
  • 6.3.2. Market Share
  • 6.3.2.1. By Bicycle Type
  • 6.3.2.2. By End User
  • 6.3.2.3. By Bikers Type
  • 6.4. Canada Bicycle Market Outlook
  • 6.4.1. Market Size
  • 6.4.1.1. By Value
  • 6.4.1.2. By Volume
  • 6.4.2. Market Share
  • 6.4.2.1. By Bicycle Type
  • 6.4.2.2. By End User
  • 6.4.2.3. By Bikers Type
  • 6.5. Mexico Bicycle Market Outlook
  • 6.5.1. Market Size
  • 6.5.1.1. By Value
  • 6.5.1.2. By Volume
  • 6.5.2. Market Share
  • 6.5.2.1. By Bicycle Type
  • 6.5.2.2. By End User
  • 6.5.2.3. 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
  • 7.3. Germany Bicycle Market Outlook
  • 7.3.1. Market Size
  • 7.3.1.1. By Value
  • 7.3.1.2. By Volume
  • 7.3.2. Market Share
  • 7.3.2.1. By Bicycle Type
  • 7.3.2.2. By End User
  • 7.3.2.3. By Bikers Type
  • 7.4. UK Bicycle Market Outlook
  • 7.4.1. Market Size
  • 7.4.1.1. By Value
  • 7.4.1.2. By Volume
  • 7.4.2. Market Share
  • 7.4.2.1. By Bicycle Type
  • 7.4.2.2. By End User
  • 7.4.2.3. By Bikers Type
  • 7.5. France Bicycle Market Outlook
  • 7.5.1. Market Size
  • 7.5.1.1. By Value
  • 7.5.1.2. By Volume
  • 7.5.2. Market Share
  • 7.5.2.1. By Bicycle Type
  • 7.5.2.2. By End User
  • 7.5.2.3. By Bikers Type
  • 7.6. Spain Bicycle Market Outlook
  • 7.6.1. Market Size
  • 7.6.1.1. By Value
  • 7.6.1.2. By Volume
  • 7.6.2. Market Share
  • 7.6.2.1. By Bicycle Type
  • 7.6.2.2. By End User
  • 7.6.2.3. By Bikers Type
  • 7.7. Italy Bicycle Market Outlook
  • 7.7.1. Market Size
  • 7.7.1.1. By Value
  • 7.7.1.2. By Volume
  • 7.7.2. Market Share
  • 7.7.2.1. By Bicycle Type
  • 7.7.2.2. By End User
  • 7.7.2.3. 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
  • 8.3. China Bicycle Market Outlook
  • 8.3.1. Market Size
  • 8.3.1.1. By Value
  • 8.3.1.2. By Volume
  • 8.3.2. Market Share
  • 8.3.2.1. By Bicycle Type
  • 8.3.2.2. By End User
  • 8.3.2.3. By Bikers Type
  • 8.4. Japan Bicycle Market Outlook
  • 8.4.1. Market Size
  • 8.4.1.1. By Value
  • 8.4.1.2. By Volume
  • 8.4.2. Market Share
  • 8.4.2.1. By Bicycle Type
  • 8.4.2.2. By End User
  • 8.4.2.3. By Bikers Type
  • 8.5. Australia Bicycle Market Outlook
  • 8.5.1. Market Size
  • 8.5.1.1. By Value
  • 8.5.1.2. By Volume
  • 8.5.2. Market Share
  • 8.5.2.1. By Bicycle Type
  • 8.5.2.2. By End User
  • 8.5.2.3. By Bikers Type
  • 8.6. India Bicycle Market Outlook
  • 8.6.1. Market Size
  • 8.6.1.1. By Value
  • 8.6.1.2. By Volume
  • 8.6.2. Market Share
  • 8.6.2.1. By Bicycle Type
  • 8.6.2.2. By End User
  • 8.6.2.3. 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
  • 9.3. Brazil Bicycle Market Outlook
  • 9.3.1. Market Size
  • 9.3.1.1. By Value
  • 9.3.1.2. By Volume
  • 9.3.2. Market Share
  • 9.3.2.1. By Bicycle Type
  • 9.3.2.2. By End User
  • 9.3.2.3. By Bikers Type
  • 9.4. Argentina Bicycle Market Outlook
  • 9.4.1. Market Size
  • 9.4.1.1. By Value
  • 9.4.1.2. By Volume
  • 9.4.2. Market Share
  • 9.4.2.1. By Bicycle Type
  • 9.4.2.2. By End User
  • 9.4.2.3. By Bikers Type
  • 9.5. Colombia Bicycle Market Outlook
  • 9.5.1. Market Size
  • 9.5.1.1. By Value
  • 9.5.1.2. By Volume
  • 9.5.2. Market Share
  • 9.5.2.1. By Bicycle Type
  • 9.5.2.2. By End User
  • 9.5.2.3. 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
  • 10.3. UAE Bicycle Market Outlook
  • 10.3.1. Market Size
  • 10.3.1.1. By Value
  • 10.3.1.2. By Volume
  • 10.3.2. Market Share
  • 10.3.2.1. By Bicycle Type
  • 10.3.2.2. By End User
  • 10.3.2.3. By Bikers Type
  • 10.4. Saudi Arabia Bicycle Market Outlook
  • 10.4.1. Market Size
  • 10.4.1.1. By Value
  • 10.4.1.2. By Volume
  • 10.4.2. Market Share
  • 10.4.2.1. By Bicycle Type
  • 10.4.2.2. By End User
  • 10.4.2.3. By Bikers Type
  • 10.5. Qatar Bicycle Market Outlook
  • 10.5.1. Market Size
  • 10.5.1.1. By Value
  • 10.5.1.2. By Volume
  • 10.5.2. Market Share
  • 10.5.2.1. By Bicycle Type
  • 10.5.2.2. By End User
  • 10.5.2.3. By Bikers Type
  • 10.6. South Africa Bicycle Market Outlook
  • 10.6.1. Market Size
  • 10.6.1.1. By Value
  • 10.6.1.2. By Volume
  • 10.6.2. Market Share
  • 10.6.2.1. By Bicycle Type
  • 10.6.2.2. By End User
  • 10.6.2.3. By Bikers Type
  • 11. Market Dynamics
  • 11.1. Market Drivers
  • 11.2. Market Challenges
  • 12. Market Trends and Developments
  • 12.1. XXXXXXXXXXXXXXX
  • 12.2. XXXXXXXXXXXXXXX
  • 12.3. XXXXXXXXXXXXXXX
  • 12.4. XXXXXXXXXXXXXXX
  • 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 Recommendations
  • 15. Disclaimer

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: US Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 34: US Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 35: US Bicycle Market Share – By Type By Value 2021 & 2027F
Table 36: US Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 37: US Bicycle Market Share– By End User By Value 2021 & 2027F
Table 38: US Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 39: Canada Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 40: Canada Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 41: Canada Bicycle Market Share – By Type By Value 2021 & 2027F
Table 42: Canada Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 43: Canada Bicycle Market Share– By End User By Value 2021 & 2027F
Table 44: Canada Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 45: Mexico Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 46: Mexico Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 47: Mexico Bicycle Market Share – By Type By Value 2021 & 2027F
Table 48: Mexico Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 49: Mexico Bicycle Market Share– By End User By Value 2021 & 2027F
Table 50: Mexico Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 51: Europe Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 52: Europe Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 53: Europe Bicycle Market Share – By Country By Value 2021 & 2027F
Table 54: Europe Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 55: Europe Bicycle Market Share – By Type By Value 2021 & 2027F
Table 56: Europe Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 57: Europe Bicycle Market Share– By End User By Value 2021 & 2027F
Table 58: Europe Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 59: Germany Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 60: Germany Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 61: Germany Bicycle Market Share – By Type By Value 2021 & 2027F
Table 62: Germany Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 63: Germany Bicycle Market Share– By End User By Value 2021 & 2027F
Table 64: Germany Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 65: UK Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 66: UK Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 67: UK Bicycle Market Share – By Type By Value 2021 & 2027F
Table 68: UK Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 69: UK Bicycle Market Share– By End User By Value 2021 & 2027F
Table 70: UK Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 71: France Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 72: France Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 73: France Bicycle Market Share – By Type By Value 2021 & 2027F
Table 74: France Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 75: France Bicycle Market Share– By End User By Value 2021 & 2027F
Table 76: France Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 77: Spain Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 78: Spain Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 79: Spain Bicycle Market Share – By Type By Value 2021 & 2027F
Table 80: Spain Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 81: Spain Bicycle Market Share– By End User By Value 2021 & 2027F
Table 82: Spain Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 83: Italy Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 84: Italy Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 85: Italy Bicycle Market Share – By Type By Value 2021 & 2027F
Table 86: Italy Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 87: Italy Bicycle Market Share– By End User By Value 2021 & 2027F
Table 88: Italy Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 89: Asia-Pacific Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 90: Asia-Pacific Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 91: Asia-Pacific Bicycle Market Share – By Country By Value 2021 & 2027F
Table 92: Asia-Pacific Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 93: Asia-Pacific Bicycle Market Share – By Type By Value 2021 & 2027F
Table 94: Asia-Pacific Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 95: Asia-Pacific Bicycle Market Share– By End User By Value 2021 & 2027F
Table 96: Asia-Pacific Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 97: China Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 98: China Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 99: China Bicycle Market Share – By Type By Value 2021 & 2027F
Table 100: China Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 101: China Bicycle Market Share– By End User By Value 2021 & 2027F
Table 102: China Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 103: Japan Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 104: Japan Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 105: Japan Bicycle Market Share – By Type By Value 2021 & 2027F
Table 106: Japan Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 107: Japan Bicycle Market Share– By End User By Value 2021 & 2027F
Table 108: Japan Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 109: Australia Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 110: Australia Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 111: Australia Bicycle Market Share – By Type By Value 2021 & 2027F
Table 112: Australia Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 113: Australia Bicycle Market Share– By End User By Value 2021 & 2027F
Table 114: Australia Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 115: India Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 116: India Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 117: India Bicycle Market Share – By Type By Value 2021 & 2027F
Table 118: India Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 119: India Bicycle Market Share– By End User By Value 2021 & 2027F
Table 120: India Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 121: Latin America Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 122: Latin America Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 123: Latin America Bicycle Market Share – By Country By Value 2021 & 2027F
Table 124: Latin America Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 125: Latin America Bicycle Market Share – By Type By Value 2021 & 2027F
Table 126: Latin America Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 127: Latin America Bicycle Market Share– By End User By Value 2021 & 2027F
Table 128: Latin America Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 129: Brazil Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 130: Brazil Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 131: Brazil Bicycle Market Share – By Type By Value 2021 & 2027F
Table 132: Brazil Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 133: Brazil Bicycle Market Share– By End User By Value 2021 & 2027F
Table 134: Brazil Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 135: Argentina Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 136: Argentina Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 137: Argentina Bicycle Market Share – By Type By Value 2021 & 2027F
Table 138: Argentina Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 139: Argentina Bicycle Market Share– By End User By Value 2021 & 2027F
Table 140: Argentina Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 141: Colombia Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 142: Colombia Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 143: Colombia Bicycle Market Share – By Type By Value 2021 & 2027F
Table 144: Colombia Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 145: Colombia Bicycle Market Share– By End User By Value 2021 & 2027F
Table 146: Colombia Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 147: Middle East & Africa Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 148: Middle East & Africa Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 149: Middle East & Africa Bicycle Market Share – By Country By Value 2021 & 2027F
Table 150: Middle East & Africa Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 151: Middle East & Africa Bicycle Market Share – By Type By Value 2021 & 2027F
Table 152: Middle East & Africa Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 153: Middle East & Africa Bicycle Market Share– By End User By Value 2021 & 2027F
Table 154: Middle East & Africa Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 155: UAE Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 156: UAE Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 157: UAE Bicycle Market Share – By Type By Value 2021 & 2027F
Table 158: UAE Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 159: UAE Bicycle Market Share– By End User By Value 2021 & 2027F
Table 160: UAE Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 161: Saudi Arabia Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 162: Saudi Arabia Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 163: Saudi Arabia Bicycle Market Share – By Type By Value 2021 & 2027F
Table 164: Saudi Arabia Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 165: Saudi Arabia Bicycle Market Share– By End User By Value 2021 & 2027F
Table 166: Saudi Arabia Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 167: Qatar Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 168: Qatar Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 169: Qatar Bicycle Market Share – By Type By Value 2021 & 2027F
Table 170: Qatar Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 171: Qatar Bicycle Market Share– By End User By Value 2021 & 2027F
Table 172: Qatar Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 173: South Africa Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 174: South Africa Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 175: South Africa Bicycle Market Share – By Type By Value 2021 & 2027F
Table 176: South Africa Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 177: South Africa Bicycle Market Share– By End User By Value 2021 & 2027F
Table 178: South Africa Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 179: Key Facts of Abici
Table 180: Key Facts of A- Bike
Table 181: Key Facts of Accell Group
Table 182: Key Facts of Amer Sports
Table 183: Key Facts of Atlas Cycles (Haryana) Ltd
Table 184: Key Facts of Bridgestone Cycle
Table 185: Key Facts of Caloi
Table 186: Key Facts of Campagnolo
Table 187: Key Facts of Cannondale
Table 188: Key Facts of Cervelo Cycles
Table 189: Key Facts of Cube Cycles
Table 190: Key Facts of Curtlo Cycles
Table 191: Key Facts of Derby Cycle
Table 192: Key Facts of Dorel Industries Inc.
Table 193: Key Facts of Tianjin Fuji-ta Bicycle Co.,Ltd.
Table 194: Key Facts of Giant Bicycles
Table 195: Key Facts of Hero Cycles Limited
Table 196: Key Facts of Merida Bikes International
Table 197: Key Facts of My Boo
Table 198: Key Facts of Orbea Corporation
Table 199: Key Facts of Scott Sports
Table 200: Key Facts of Specialized Bicycle Components, Inc.
Table 201: Key Facts of STRiDA Cycles
Table 202: Key Facts of XDS Shenzhen Xidesheng Bicycles Co., Ltd.

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: US Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 6: Canada Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 7: Mexico Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 8: Europe Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 9: Germany Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 10: UK Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 11: France Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 12: Spain Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 13: Italy Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 14: Asia-Pacific Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 15: China Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 16: Japan Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 17: Australia Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 18: India Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 19: Latin America Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 20: Brazil Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 21: Argentina Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 22: Colombia Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 23: Middle East & Africa Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 24: UAE Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 25: Saudi Arabia Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 26: Qatar Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 27: South Africa Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)

Market Research FAQs

The global bicycle market stood at around USD 63 billion in 2021, which is anticipated to reach USD 88 billion by 2027.

The global market saw a substantial surge in bicycle sales as a result of the COVID-19 outbreak. As a result of rising public transportation anxiety and increased physical activity, an increasing number of people chose one of the most basic modes of transportation, resulting in the so-called 'Bike Boom'. According to studies, the global cycling boom peaked in 2020, signifying a watershed point for the sector that will influence its future growth for years to come. Beginning Q2 2020, sales climbs at a rate never seen before in modern history. Demand occasionally outstripped supply, driving up prices, although cycle market growth could have been much higher if there had been more stock available.

Asia-Pacific region leads the global bicycle market.

The leading manufacturers such as Accell Group, Trek Bicycle Corporation, Dorel Industries Inc., and Giant Manufacturing Co. Ltd., in the market are covered in the report.

China is dominating the global bicycle market in 2021.

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