Product Code: PMRREP3326
Persistence Market Research has recently released a comprehensive report on the worldwide market for bicycles. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global bicycle market from 2025 to 2032.
Key Insights:
- Bicycle Market Size (2025E): US$ 67.3 Bn
- Projected Market Value (2032F): US$ 102.5 Bn
- Global Market Growth Rate (CAGR 2025 to 2032): 6.2%
Bicycle Market - Report Scope:
Bicycles play a crucial role in urban transportation, fitness, and recreational activities. They offer an eco-friendly mobility solution, reducing carbon emissions and traffic congestion. The bicycle market encompasses various categories, including road bikes, mountain bikes, hybrid bikes, electric bicycles (e-bikes), and cargo bikes. The increasing focus on health and wellness, rising fuel prices, and government initiatives promoting cycling infrastructure are key factors propelling market growth. The market serves diverse consumer segments, including professional cyclists, urban commuters, and leisure riders, with manufacturers continuously innovating to enhance performance, comfort, and sustainability.
Market Growth Drivers:
The global bicycle market is propelled by several key factors, including growing environmental concerns and the increasing adoption of sustainable transportation solutions. Governments worldwide are investing in cycling-friendly infrastructure, such as dedicated bike lanes and rental services, to encourage bicycle usage. The rising popularity of e-bikes, equipped with advanced battery technology and smart features, is further driving market expansion. Additionally, the growing fitness-conscious population and the demand for outdoor recreational activities are boosting bicycle sales. The integration of digital connectivity, such as GPS tracking and smart locks, enhances user experience and increases consumer interest in technologically advanced bicycles.
Market Restraints:
Despite promising growth prospects, the bicycle market faces challenges such as high initial costs for premium and electric bicycles, supply chain disruptions, and fluctuating raw material prices. Additionally, inadequate cycling infrastructure in certain regions and safety concerns related to road accidents act as barriers to market adoption. Limited awareness regarding the benefits of cycling in some developing countries also restricts market growth. Overcoming these challenges requires strategic collaborations between manufacturers, governments, and urban planners to create a more cycle-friendly ecosystem.
Market Opportunities:
The bicycle market presents significant growth opportunities driven by technological advancements, increased urbanization, and the rising adoption of micro-mobility solutions. The expansion of e-commerce platforms has made bicycles more accessible, providing consumers with a wide range of choices and competitive pricing. Innovations in lightweight materials, battery efficiency, and smart features are expected to enhance the appeal of bicycles. Additionally, the introduction of government subsidies and tax incentives for electric bicycles creates a favorable environment for market growth. Companies investing in sustainable production processes and recyclable materials are likely to gain a competitive advantage in the evolving bicycle industry.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the global bicycle market?
- Which bicycle types and segments are experiencing the highest demand?
- How are technological advancements influencing bicycle design and performance?
- Who are the key players shaping the competitive landscape of the bicycle market?
- What are the emerging trends and future prospects in the global bicycle market?
Competitive Intelligence and Business Strategy:
Leading players in the global bicycle market, including Giant Manufacturing Co. Ltd., Trek Bicycle Corporation, and Specialized Bicycle Components, focus on innovation, sustainability, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop lightweight, durable, and technologically advanced bicycles catering to various consumer preferences. Collaborations with government bodies, urban mobility projects, and cycling advocacy groups help promote bicycle adoption. Additionally, expanding retail networks and strengthening e-commerce presence enhance market reach. The emphasis on sustainable production practices, such as using recycled materials and carbon-neutral manufacturing, aligns with the growing demand for environmentally friendly products.
Key Companies Profiled:
- Giant Manufacturing Co. Ltd.
- Trek Bicycle Corporation
- Specialized Bicycle Components
- Canyon Bicycles GmbH
- Merida Industry Co. Ltd.
- Hero Cycles Ltd.
- Accell Group
- Rad Power Bikes
- Pedego Electric Bikes
- Brompton Bicycle Ltd.
Market Segmentation
By Product Type
- Mountain Bike
- Hybrid/Cross
- Road
- Comfort
- Youth
- Cruiser
- Electric
By Technology
By Price
- Premium
- Mid-Range
- Low-Range
By End Use
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
Table of Contents
1. Executive Summary
- 1.1. Global Bicycle Market Snapshot, 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Key Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Growth Outlook
- 2.3.2. Global Urbanization Outlook
- 2.3.3. Fuel Prices
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
3. Value Added Insights
- 3.1. Regulatory Landscape
- 3.2. Value Chain Analysis
- 3.3. PESTLE Analysis
- 3.4. Porter's Five Force Analysis
4. Price Trend Analysis
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Soda Makers Prices
- 4.3. Pricing Analysis
- 4.3.1. By Product Type
- 4.3.2. By Technology
- 4.3.3. By Region
5. Global Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Global Bicycle Market Outlook: Product Type
- 5.1.1. Introduction / Key Findings
- 5.1.2. Historical Market Size (US$ Bn) and Analysis, By Product Type, 2019-2024
- 5.1.3. Current Market Size (US$ Bn) and Analysis and Forecast, By Product Type, 2025-2032
- 5.1.4. Mountain Bike
- 5.1.5. Hybrid/Cross
- 5.1.6. Road
- 5.1.7. Comfort
- 5.1.8. Youth
- 5.1.9. Cruiser
- 5.1.10. Electrics
- 5.2. Market Attractiveness Analysis: Product Type
- 5.3. Global Bicycle Market Outlook: Technology
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Technology, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 5.3.3.1. Conventional
- 5.3.3.2. Electric
- 5.4. Market Attractiveness Analysis: Technology
- 5.5. Global Bicycle Market Outlook: Price
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Price, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 5.5.3.1. Premium
- 5.5.3.2. Mid-Range
- 5.5.3.3. Low-Range
- 5.6. Market Attractiveness Analysis: Price
- 5.7. Global Bicycle Market Outlook: End Use
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By End Use, 2019-2024
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 5.7.3.1. Men
- 5.7.3.2. Women
- 5.7.3.3. Kids
- 5.8. Market Attractiveness Analysis: End Use
6. Global Bicycle Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Analysis, By Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 7.2.1. By Country
- 7.2.2. By Product Type
- 7.2.3. By Technology
- 7.2.4. By Price
- 7.2.5. By End Use
- 7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 7.4.1. Mountain Bike
- 7.4.2. Hybrid/Cross
- 7.4.3. Road
- 7.4.4. Comfort
- 7.4.5. Youth
- 7.4.6. Cruiser
- 7.4.7. Electric
- 7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 7.5.1. Conventional
- 7.5.2. Electric
- 7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 7.6.1. Premium
- 7.6.2. Mid-Range
- 7.6.3. Low-Range
- 7.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 7.7.1. Men
- 7.7.2. Women
- 7.7.3. Kids
- 7.8. Market Attractiveness Analysis
8. Europe Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 8.2.1. By Country
- 8.2.2. By Product Type
- 8.2.3. By Technology
- 8.2.4. By Price
- 8.2.5. By End Use
- 8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 8.4.1. Mountain Bike
- 8.4.2. Hybrid/Cross
- 8.4.3. Road
- 8.4.4. Comfort
- 8.4.5. Youth
- 8.4.6. Cruiser
- 8.4.7. Electric
- 8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 8.5.1. Conventional
- 8.5.2. Electric
- 8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 8.6.1. Premium
- 8.6.2. Mid-Range
- 8.6.3. Low-Range
- 8.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 8.7.1. Men
- 8.7.2. Women
- 8.7.3. Kids
- 8.8. Market Attractiveness Analysis
9. East Asia Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 9.2.1. By Country
- 9.2.2. By Product Type
- 9.2.3. By Technology
- 9.2.4. By Price
- 9.2.5. By End Use
- 9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 9.4.1. Mountain Bike
- 9.4.2. Hybrid/Cross
- 9.4.3. Road
- 9.4.4. Comfort
- 9.4.5. Youth
- 9.4.6. Cruiser
- 9.4.7. Electric
- 9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 9.5.1. Conventional
- 9.5.2. Electric
- 9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 9.6.1. Premium
- 9.6.2. Mid-Range
- 9.6.3. Low-Range
- 9.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 9.7.1. Men
- 9.7.2. Women
- 9.7.3. Kids
- 9.8. Market Attractiveness Analysis
10. South Asia & Oceania Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 10.2.1. By Country
- 10.2.2. By Product Type
- 10.2.3. By Technology
- 10.2.4. By Price
- 10.2.5. By End Use
- 10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
- 10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 10.4.1. Mountain Bike
- 10.4.2. Hybrid/Cross
- 10.4.3. Road
- 10.4.4. Comfort
- 10.4.5. Youth
- 10.4.6. Cruiser
- 10.4.7. Electric
- 10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 10.5.1. Conventional
- 10.5.2. Electric
- 10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 10.6.1. Premium
- 10.6.2. Mid-Range
- 10.6.3. Low-Range
- 10.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 10.7.1. Men
- 10.7.2. Women
- 10.7.3. Kids
- 10.8. Market Attractiveness Analysis
11. Latin America Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 11.2.1. By Country
- 11.2.2. By Product Type
- 11.2.3. By Technology
- 11.2.4. By Price
- 11.2.5. By End Use
- 11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
- 11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 11.4.1. Mountain Bike
- 11.4.2. Hybrid/Cross
- 11.4.3. Road
- 11.4.4. Comfort
- 11.4.5. Youth
- 11.4.6. Cruiser
- 11.4.7. Electric
- 11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 11.5.1. Conventional
- 11.5.2. Electric
- 11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 11.6.1. Premium
- 11.6.2. Mid-Range
- 11.6.3. Low-Range
- 11.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 11.7.1. Men
- 11.7.2. Women
- 11.7.3. Kids
- 11.8. Market Attractiveness Analysis
12. Middle East & Africa Bicycle Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2024
- 12.2.1. By Country
- 12.2.2. By Product Type
- 12.2.3. By Technology
- 12.2.4. By Price
- 12.2.5. By End Use
- 12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of Middle East & Africa
- 12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Product Type, 2025-2032
- 12.4.1. Mountain Bike
- 12.4.2. Hybrid/Cross
- 12.4.3. Road
- 12.4.4. Comfort
- 12.4.5. Youth
- 12.4.6. Cruiser
- 12.4.7. Electric
- 12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025-2032
- 12.5.1. Conventional
- 12.5.2. Electric
- 12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Price, 2025-2032
- 12.6.1. Premium
- 12.6.2. Mid-Range
- 12.6.3. Low-Range
- 12.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2025-2032
- 12.7.1. Men
- 12.7.2. Women
- 12.7.3. Kids
- 12.8. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Giant Bicycles Inc.
- 13.3.1.1. Overview
- 13.3.1.2. Product Portfolio
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Atlas Cycles Ltd
- 13.3.3. Derby Cycle Holding GmbH
- 13.3.4. Trek Bicycle Corporation
- 13.3.5. Avon Cycles Ltd.
- 13.3.6. Zhonglu Co., Ltd
- 13.3.7. Accell Group N.V.
- 13.3.8. Tube Investments of India Limited
- 13.3.9. Dorel Industries Inc.
- 13.3.10. Merida Industry Co., Ltd
- 13.3.11. Tandem Group plc
- 13.3.12. Samchuly Bicycle Co., Ltd
- 13.3.13. F.I.V.E. Bianchi S.p.A
- 13.3.14. Specialized Bicycle Components
- 13.3.15. Hamilton Industries Pvt. Ltd
- 13.3.16. Tianjin FUJITA Group Co. Ltd
- 13.3.17. Ming Cycle Industrial Co. Ltd
- 13.3.18. Tianjin Flying Pigeon Cycle Manufacture Co., Ltd
- 13.3.19. Koninklijke Gazelle N.V.
- 13.3.20. Tern
- 13.3.21. Kona USA, Inc.
- 13.3.22. Scott Sports SA
- 13.3.23. Redline Bicycle
- 13.3.24. Yadea Group Holdings
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations