Argentina Bicycle Market Overview, 2029

In Argentina, bicycles are viewed with a sense of pragmatism and practicality by the general public. As a country with bustling urban centers like Buenos Aires, Córdoba, and Rosario, bicycles are seen as an efficient and environmentally-friendly mode of transportation for navigating the congested city streets. Many Argentinians appreciate the convenience and cost-effectiveness of bicycles, which allow them to avoid the hassle and expense of driving and parking cars. The bicycle, in the Argentine mind-set, represents a reliable and accessible way to get around, whether commuting to work, running errands, or simply enjoying a leisurely ride.

According to the research report "Argentina Bicycle Market Overview, 2029," published by Bonafide Research, the Argentina Bicycle market is anticipated to grow at more than 3.20% CAGR from 2024 to 2029. At its core, the bicycle is a simple yet ingenious invention - two wheels, a frame, and pedals that propel the rider forward through the efficient transfer of human power. This basic design offers a multitude of benefits, from reduced carbon emissions and improved fitness to increased mobility and independence. In Argentina, where economic factors and environmental consciousness are significant concerns, the bicycle's affordability and eco-friendliness make it an appealing transportation option for many. The country's growing bicycle market is driven by factors such as rising fuel prices, the need for sustainable urban planning, and a desire for more active, healthy lifestyles. As Argentinians continue to embrace the bicycle as a practical and beneficial mode of transportation, the humble two-wheeler is poised to play an increasingly important role in the country's urban landscape.

The Argentine bicycle market is segmented into various categories, including Road Bikes, Mountain Bikes, Hybrid Bikes, E-bikes, and others such as Kids, Standard, and Maas. Currently, E-bikes and Road Bikes represent the largest market segments. E-bikes have gained considerable popularity due to their supportive features, which make cycling more accessible to a wider audience, particularly for those who may find traditional cycling challenging in Argentina's hilly landscapes. In contrast, Road Bikes continue to attract cycling enthusiasts who are focused on performance and speed, especially in recreational and competitive settings. While other segments like Mountain Bikes and Hybrid Bikes also contribute to the market, E-bikes and Road Bikes are the leading forces driving growth in the Argentine bicycle sector.

In the dynamic Argentine market, the segmentation of the biking population reveals intriguing insights. Delving into the "By End User" category, we find that the market is comprised of three distinct groups: men, women, and kids. Men, with their adventurous spirits and thirst for exploration, make up a significant portion of the biking enthusiasts, while the female contingent is steadily growing, as more women embrace the freedom and fitness benefits that cycling provides. The youngest segment, the kids, represents the future of the industry, as parents instill a love for the sport in their children, laying the groundwork for a lifelong passion.

Examining the "By Bikers Type" segment paints an even more nuanced picture. The "Highly Engaged" bikers are the true enthusiasts, dedicating significant time and resources to their cycling pursuits, whether it's tackling challenging terrain or participating in competitive events. The "Engaged" group represents a slightly more casual yet still dedicated following, while the "Leisure" segment indulges in biking as a means of relaxation and enjoyment, often exploring scenic routes and enjoying the sights. The "Travel" enthusiasts, on the other hand, see their bikes as a means to discover new destinations, blending their love for cycling with a thirst for adventure and exploration. Interestingly, the "Leisure" segment, with its focus on the sheer pleasure of biking, holds the highest share among the various bikers types, underscoring the enduring appeal of cycling as a recreational pursuit in the Argentine market.



In Argentina, the bicycle market is segmented into two main technology types: electric and conventional bicycles. The electric bike segment is rapidly gaining popularity, driven by increasing urban congestion and a growing emphasis on eco-friendly transportation solutions. E-bikes offer a practical alternative for navigating busy city streets, allowing riders to cover longer distances with less physical exertion while contributing to reduced carbon emissions. On the other hand, conventional bicycles remain a popular choice due to their affordability, simplicity, and lower maintenance costs. They cater to a wide range of users, from casual riders to those seeking a more traditional cycling experience. Notably, e-bikes and road bikes are the largest segments within the market, reflecting a significant shift in consumer preferences towards more efficient and versatile cycling options.

COVID-19 Impact:
The market for bicycles was greatly disrupted by the COVID-19 outbreak. Bike riding became popular as a safe, healthful, and eco-friendly way to exercise and travel during lockdowns and social distancing measures. This resulted in an increase in demand, especially for recreational and commuter bicycles. Furthermore, the epidemic hastened the construction of bicycle infrastructure in numerous cities, increasing the accessibility and convenience of cycling. The pandemic's long-term effects on the bicycle market are probably going to be favorable, with a steady rise in cycling participation and a shift towards healthier and more sustainable lives, notwithstanding the difficulties caused by supply chain interruptions.

Considered in this report
• Geography: Argentina
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Argentina Bicycle market with its value and forecast along with its segments
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

By Type
• Road Bikes
• Mountain Bikes
• Hybrid Bikes
• E-bikes
• others

By End User
• Men
• Women
• Kids

By Bikers Type
• Highly Engaged
• Engaged
• Leisure
• Travel

By Technology Type
•Electric
•Conventional

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 listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing 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 started, verifying 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.