Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road, Cargo), By Technology (Electric, Conventional), By End Use, By Distribution Channel, By Region, And Segment Forecasts, 2025 - 2030
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Bicycle Market Growth & Trends
The global bicycle market size is estimated treach USD 135.02 billion by 2030, expanding at a CAGR of 9.9% from 2025 t2030, according ta new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected tbolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared tother vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people treconsider bicycles as a primary option for the commute.
Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated tpositively influence market growth. The fact that bicycles dnot emit any pollutants is projected tdrive their demand in the near future. Moreover, consumers are rapidly moving toward online distribution channels tbuy a bicycle due tseveral key factors, including doorstep delivery and replacement and the availability of a variety of products. Additionally, due tthe outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places tprevent themselves from virus infections.
The cargbikes product segment is expected temerge as the fastest-growing segment over the forecast period. These happen tbe the most basic bicycles that consumers prefer owing ttheir ease of use. These cycles dnot require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated tbode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected tgain attention in the coming years as they enable users tlocate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.
Bicycle Market Report Highlights
Bicycle Market Growth & Trends
The global bicycle market size is estimated treach USD 135.02 billion by 2030, expanding at a CAGR of 9.9% from 2025 t2030, according ta new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected tbolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared tother vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people treconsider bicycles as a primary option for the commute.
Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated tpositively influence market growth. The fact that bicycles dnot emit any pollutants is projected tdrive their demand in the near future. Moreover, consumers are rapidly moving toward online distribution channels tbuy a bicycle due tseveral key factors, including doorstep delivery and replacement and the availability of a variety of products. Additionally, due tthe outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places tprevent themselves from virus infections.
The cargbikes product segment is expected temerge as the fastest-growing segment over the forecast period. These happen tbe the most basic bicycles that consumers prefer owing ttheir ease of use. These cycles dnot require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated tbode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected tgain attention in the coming years as they enable users tlocate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.
Bicycle Market Report Highlights
- The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations
- Based on product, cargbikes segment is alsexpected temerge as the fastest-growing segment from 2025 t2030. This high growth rate is mainly attributed tthe increasing government initiatives tpromote the adoption of cargbikes for short-distance logistics within a city. In addition, the governments of several countries are offering grants and incentives tdrive the adoption of e-cargbikes
- Apart from being easy tuse, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are contributing tthe growth of the electric technology segment
- The men segment accounted for the largest revenue market share of 46.3% in 2024 as men would continue toutnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2024
- Asia Pacific dominated the market in 2024 with a revenue share exceeding 34.4%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary tencourage and support bicycle commutation
- Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2024 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. BICYCLE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Bicycle Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
CHAPTER 4. BICYCLE MARKET PRODUCT OUTLOOK
4.1. Bicycle Market, By Product Analysis & Market Share, 2024 & 2030
4.2. Mountain Bikes
4.2.1. Mountain bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.3. Hybrid Bikes
4.3.1. Hybrid bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.4. Road Bikes
4.4.1. Road bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.5. Cargo Bikes
4.5.1. Cargo bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.6. Others
4.6.1. Other bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 5. BICYCLE MARKET TECHNOLOGY OUTLOOK
5.1. Bicycle Market, By Technology Analysis & Market Share, 2024 & 2030
5.2. Electric
5.2.1. Electric bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
5.3. Conventional
5.3.1. Conventional bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 6. BICYCLE MARKET DISTRIBUTION CHANNEL OUTLOOK
6.1. Bicycle Market, By Distribution Channel Analysis & Market Share, 2024 & 2030
6.2. Online
6.2.1. Online bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
6.3. Offline
6.3.1. Offline bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 7. BICYCLE MARKET END USE OUTLOOK
7.1. Bicycle Market, By End Use Analysis & Market Share, 2024 & 2030
7.2. Men
7.2.1. Bicycle market by men estimates and forecasts, 2017 - 2030 (USD Million)
7.3. Women
7.3.1. Bicycle market by women estimates and forecasts, 2017 - 2030 (USD Million)
7.4. Kids
7.4.1. Kids bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 8. BICYCLE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
8.1. Bicycle Market Share, By Region, 2024 & 2030, USD Million
8.2. North America
8.2.1. North America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.5. Italy
8.3.5.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.4. Australia
8.4.4.1. Australia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.3. Saudi Arabia
8.6.3.1. Saudi Arabia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
CHAPTER 9. COMPETITIVE LANDSCAPE
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Accell Group
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Atlas Cycles (Haryana) Ltd.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Avon Cycles Ltd
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Cervelo
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. Dorel Industries Inc.
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Giant Bicycles
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Merida Industry Co., Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. Specialized Bicycle Components Inc
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. SCOTT Sports SA
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Trek Bicycle Corporation
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. BICYCLE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Bicycle Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
CHAPTER 4. BICYCLE MARKET PRODUCT OUTLOOK
4.1. Bicycle Market, By Product Analysis & Market Share, 2024 & 2030
4.2. Mountain Bikes
4.2.1. Mountain bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.3. Hybrid Bikes
4.3.1. Hybrid bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.4. Road Bikes
4.4.1. Road bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.5. Cargo Bikes
4.5.1. Cargo bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.6. Others
4.6.1. Other bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 5. BICYCLE MARKET TECHNOLOGY OUTLOOK
5.1. Bicycle Market, By Technology Analysis & Market Share, 2024 & 2030
5.2. Electric
5.2.1. Electric bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
5.3. Conventional
5.3.1. Conventional bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 6. BICYCLE MARKET DISTRIBUTION CHANNEL OUTLOOK
6.1. Bicycle Market, By Distribution Channel Analysis & Market Share, 2024 & 2030
6.2. Online
6.2.1. Online bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
6.3. Offline
6.3.1. Offline bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 7. BICYCLE MARKET END USE OUTLOOK
7.1. Bicycle Market, By End Use Analysis & Market Share, 2024 & 2030
7.2. Men
7.2.1. Bicycle market by men estimates and forecasts, 2017 - 2030 (USD Million)
7.3. Women
7.3.1. Bicycle market by women estimates and forecasts, 2017 - 2030 (USD Million)
7.4. Kids
7.4.1. Kids bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
CHAPTER 8. BICYCLE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
8.1. Bicycle Market Share, By Region, 2024 & 2030, USD Million
8.2. North America
8.2.1. North America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.5. Italy
8.3.5.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.4. Australia
8.4.4.1. Australia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.3. Saudi Arabia
8.6.3.1. Saudi Arabia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
CHAPTER 9. COMPETITIVE LANDSCAPE
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Accell Group
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Atlas Cycles (Haryana) Ltd.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Avon Cycles Ltd
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Cervelo
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. Dorel Industries Inc.
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Giant Bicycles
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Merida Industry Co., Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. Specialized Bicycle Components Inc
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. SCOTT Sports SA
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Trek Bicycle Corporation
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
