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Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

May 2022 | 147 pages | ID: B0C7A93D2458EN
IMARC Group

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The global bicycle market reached a value of around US$ 58 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 80 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A bicycle is a pedal-driven vehicle with two wheels, pedals, brakes, seat, carrier, drive chain, and handlebar. It helps the rider in decreasing stress levels and body fat levels, improving posture and coordination, strengthening bones, preventing and managing several diseases, and reducing anxiety and depression. Besides this, it also increases cardiovascular fitness, muscle strength, flexibility, and joint mobility. As a result, it acts as a widely preferred form of vehicle for traveling to nearby places.

Bicycle Market Trends:
A significant increase in the prevalence of chronic diseases has resulted in the growing adoption of bicycles around the world to ensure a healthy life. Apart from this, due to the growing traffic congestion and reducing the availability of parking space, especially in metropolitan cities, there is an increase in the overall sales of bicycles. Additionally, with the rising environmental concerns, governing agencies of various countries are undertaking numerous initiatives to minimize carbon emissions that are released from vehicles. As a result, they are focusing on improving the existing infrastructure to support bicycle commutation, which is contributing to the market growth. Furthermore, the growing trend of dockless bicycle-sharing systems that are embedded with global positioning systems (GPS) and can operate on a smartphone application is creating a favorable market outlook. Moreover, the introduction of electric bicycles that offer higher capacities and longer life despite their smaller size compared to their conventional counterparts is acting as another growth-inducing factor. Besides this, the rising cases of coronavirus disease (COVID-19) are positively influencing the sales of bicycles. This can be attributed to a considerable need to avoid public transportation to prevent the spread of the disease.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bicycle market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology, price, distribution channel and end user.

Breakup by Type:

Road Bicycle
Mountain Bicycle
Hybrid Bicycle
Others

Breakup by Technology:

Electric
Conventional

Breakup by Price:

Premium
Mid-Range
Low-Range

Breakup by Distribution Channel:

Online Stores
Offline Stores

Breakup by End User:

Men
Women
Kids

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accell Group N.V., Avon Cycles Ltd., Benno Bikes LLC, Cervйlo (Pon Holdings B.V.), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA (Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
Key Questions Answered in This Report:
How has the global bicycle market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global bicycle market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the price?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global bicycle market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BICYCLE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Road Bicycle
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Mountain Bicycle
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Hybrid Bicycle
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Electric
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Conventional
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY PRICE

8.1 Premium
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Mid-Range
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Low-Range
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Online Stores
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Offline Stores
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END USER

10.1 Men
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Women
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Kids
  10.3.1 Market Trends
  10.3.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Accell Group N.V.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
  16.3.2 Avon Cycles Ltd.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Benno Bikes LLC
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Cervйlo (Pon Holdings B.V.)
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 Dorel Industries Inc.
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
  16.3.6 Giant Manufacturing Co. Ltd.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
  16.3.7 Kona Bicycle Company
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 Merida Industry Co. Ltd.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
  16.3.9 Olympus Bikes
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
  16.3.10 SCOTT Sports SA (Youngone Corporation)
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 Specialized Bicycle Components Inc.
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
  16.3.12 Trek Bicycle Corporation (Roth Distributing Co. Inc.)
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Bicycle Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bicycle Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Bicycle Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Bicycle Market Forecast: Breakup by Price (in Million US$), 2022-2027
Table 5: Global: Bicycle Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Bicycle Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Bicycle Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Bicycle Market: Competitive Structure
Table 9: Global: Bicycle Market: Key Players

LIST OF FIGURES

Figure 1: Global: Bicycle Market: Major Drivers and Challenges
Figure 2: Global: Bicycle Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Bicycle Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bicycle Market: Breakup by Type (in %), 2021
Figure 5: Global: Bicycle Market: Breakup by Technology (in %), 2021
Figure 6: Global: Bicycle Market: Breakup by Price (in %), 2021
Figure 7: Global: Bicycle Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Bicycle Market: Breakup by End User (in %), 2021
Figure 9: Global: Bicycle Market: Breakup by Region (in %), 2021
Figure 10: Global: Bicycle (Road Bicycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bicycle (Road Bicycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bicycle (Mountain Bicycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bicycle (Mountain Bicycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bicycle (Hybrid Bicycle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bicycle (Hybrid Bicycle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bicycle (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bicycle (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bicycle (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bicycle (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bicycle (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bicycle (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bicycle (Premium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bicycle (Premium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bicycle (Mid-Range) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bicycle (Mid-Range) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bicycle (Low-Range) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bicycle (Low-Range) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bicycle (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bicycle (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Bicycle (Offline Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Bicycle (Offline Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Bicycle (Men) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Bicycle (Men) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Bicycle (Women) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Bicycle (Women) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Bicycle (Kids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Bicycle (Kids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Bicycle Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Bicycle Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Bicycle Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Bicycle Industry: SWOT Analysis
Figure 88: Global: Bicycle Industry: Value Chain Analysis
Figure 89: Global: Bicycle Industry: Porter's Five Forces Analysis


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