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The global bicycle market attain a value of USD 76.7 billion in 2023. The market is expected to grow at a CAGR of 6.6% in the forecast period of 2024-2032 to reach a value of USD 136.5 billion by 2032.
The global bicycle market is stimulated by the rising urbanisation, due to which there is growing traffic congestion. Therefore, people are increasingly adopting bicycles to avoid traffic jams and get to their destination faster as compared to bigger vehicles. With the rising traffic jams, the market for bicycles is expected to increase during the forecast period.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bicycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Bicycle Historical Market (2018-2023)
8.3 Global Bicycle Market Forecast (2024-2032)
8.4 Global Bicycle Market by Product
8.4.1 Mountain Bicycles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hybrid Bicycles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Road Bicycles
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Bicycle Market by Price
8.5.1 Premium
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid-Range
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Low Range
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Bicycle Market by Technology
8.6.1 Electric
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Conventional
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Bicycle Market by End User
8.7.1 Men
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Women
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Kids
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Bicycle Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Bicycle Market Analysis
9.1 Market by Product
9.2 Market by Technology
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Bicycle Market Analysis
10.1 Market by Product
10.2 Market by Technology
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Bicycle Market Analysis
11.1 Market by Product
11.2 Market by Technology
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Bicycle Market Analysis
12.1 Market by Product
12.2 Market by Technology
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Bicycle Market Analysis
13.1 Market by Product
13.2 Market by Technology
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Accell Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cycling Sports Group, LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Avon Cycles Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Giant Bicycles
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Merida Industry Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 SCOTT Sports SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Trek Bicycle Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hero Cycles
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Santa Cruz Bicycles, LLC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Marin Mountain Bikes Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bicycle Market: Key Industry Highlights, 2018 and 2032
2. Global Bicycle Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Bicycle Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Bicycle Historical Market: Breakup by Price (USD Million), 2018-2023
5. Global Bicycle Market Forecast: Breakup by Price (USD Million), 2024-2032
6. Global Bicycle Historical Market: Breakup by Technology (USD Million), 2018-2023
7. Global Bicycle Market Forecast: Breakup by Technology (USD Million), 2024-2032
8. Global Bicycle Historical Market: Breakup by End User (USD Million), 2018-2023
9. Global Bicycle Market Forecast: Breakup by End User (USD Million), 2024-2032
10. Global Bicycle Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Bicycle Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Bicycle Market Structure
In 2023, the global bicycle market attained a value of nearly USD 76.7 billion.
The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 136.5 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, rapid urbanisation, growing population, rising traffic congestion, growing fitness awareness, and rising biking competitions, are expected to aid the market growth.
The key trends guiding the growth of the bicycle market include the rising launch and adoption of e-bicycles.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products in the market are mountain bicycles, hybrid bicycles, and road bicycles, among others.
The major price segments of the product in the industry are premium, mid-range, and low range.
The significant end uses in the industry are men, women, and kids.
The major players in the industry are Accell Group, Cycling Sports Group, LLC, Avon Cycles Limited, Giant Bicycles, Merida Industry Co., Ltd., SCOTT Sports SA, Trek Bicycle Corporation, Hero Cycles, Santa Cruz Bicycles, LLC, and Marin Mountain Bikes Inc., among others.
The global bicycle market attained a value of USD 76.7 billion in 2023, driven by the rising occurrences of traffic congestions. Aided by the growing adoption of e-bicycles, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.6%. The bicycle market is projected to reach USD 136.5 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is segmented into mountain bicycles, hybrid bicycles, and road bicycles, among others. On the basis of price, the market is segmented into premium, mid range, and low range. By technology, the market is categorised into electric and conventional. Based on end users, the market is divided into men, women, and kids. The major regional markets for bicycle are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Giant Group, Santa Cruz Bicycles, LLC, Specialized Bicycle Components, Inc, Accell Group, Trek Bicycle Corporation, Merida Industry Co., Ltd., and Dorel Industries Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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