Global Bicycle Market Size, Share, Opportunities, And Trends By Type (Mountain, Road, Hybrid, Others), By End-User (Men, Women, Kids), By Technology (Conventional, Electric), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2025 To 2030

  • Published : Feb 2025
  • Report Code : KSI061613814
  • Pages : 165
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Bicycle Market Size

The Global Bicycle Market is expected to grow at a compound annual growth rate (CAGR) of 6.67% from US$79.713 billion in 2025 to US$110.102 billion in 2030.

Bicycle Market Trends

The global cycle market is projected to grow throughout the forecast years, primarily due to the increasing consumer preference for a healthy lifestyle.

Furthermore, there has been a rising adoption of bicycles in both developed and developing economies, as most people are opting to cycle for their daily routine activities and leisure. The demand for adventurous and sports bicycles will be growing in the forecast period. 

Bicycle Market Growth Drivers:

  • The Global Bicycle Market is witnessing significant growth driven by major factors

The growing prevalence of lifestyle-related diseases will boost the bicycle market: One of the key factors supplementing the demand for bicycles is the growing global prevalence of chronic diseases such as obesity, diabetes, and CVDs, among others. This has led to an upsurge in demand for bicycles worldwide because of growing concerns among people regarding a healthy lifestyle with easy exercise and physical activity. Furthermore, bicycling regularly at a medium pace helps mitigate the risk of several chronic diseases.

There has been a rapidly growing prevalence of diabetes at the global level. According to statistics from the International Diabetes Federation, by 2045, 783 million people will have diabetes. In 2021, one in 10 people lived with diabetes. Additionally, according to the statistics provided by the American Diabetes Association, in 2021, 38.4 million Americans had diabetes, out of which 38.4 million were diagnosed. 1.2 million Americans are diagnosed with diabetes every year. Cycling is directly associated with mitigating the risk of diabetes in adults as physical activities help people maintain blood sugar levels as it activates around 70% of the muscles in the body. Additionally, the prevalence of obesity has also grown remarkably in the past years. According to the World Health Organization, in 2022, one in 8 people were obese. Thus, cycling helps in maintaining physical activity and boosts the metabolism of individuals. This, in turn, is also anticipated to positively impact the demand for bicycles in both developed and developing economies of the world.

Global Bicycle Market Segmentation Analysis by Technology

  • Conventional: By technology, the conventional segment is projected to hold a considerable market share throughout the next five years. Bicycles are considered one of the most convenient means of short-distance transport, especially in developing economies. The presence of a considerable labor class population in emerging economies such as China, India, Brazil, and Indonesia, among others, is further supporting the growth of conventional cycles during the forecast period.
  • Electric: The electric bicycle segment is anticipated to witness rapid growth during the forecast period, primarily because these cycles are often considered one of the most suitable means for leisure bicycling. However, the penetration of electric bicycles is still expected to be in the nascent stage in many parts of the world. Major market players are investing heavily in R&D for developing and launching new, high-tech electric bicycles, further boosting this segment’s growth.

Bicycle Market Geographical Outlook:

  • Asia-Pacific is forecasted to hold a major market share.

Geographically, the Asia Pacific region is expected to hold a significant market share throughout the forecast period. The presence of a large low and middle-income population base in countries like India, China, Indonesia, and others is one of the major factors supplementing the dominance of this region in the global bicycle market. Furthermore, the presence of well-established domestic brands such as Atlas Cycles, Hero Cycles, and Giant Bicycles in countries like India and China further bolsters regional market growth.

Global Bicycle Market – Competitive Landscape

  • Merida Industry Co., Ltd
  • Giant Manufacturing Co. Ltd.
  • Trek Bicycle Corporation
  • Hero Cycles Limited
  • Accell Group

These companies are the major market players in the global bicycle market. Some are well-established brands with good reputations, while others are leading innovators in technology, dominating the market of global bicycles.

Global Bicycle Market's Latest Developments

  • In January 2025, KTM launched the KTM 125 ENDURO R and KTM 390 ENDURO R, having long travel suspension, 21/18-inch spoke wheels, and a minimal TFT dashboard. It will be in the market in early 2025.

Bicycle Market Scope:

Report Metric Details
Bicycle Market Size in 2025 US$79.713 billion
Bicycle Market Size in 2030 US$110.102 billion
Growth Rate CAGR of 6.67%
Study Period 2020 to 2030
Historical Data 2020 to 2023
Base Year 2024
Forecast Period 2025 – 2030
Forecast Unit (Value) USD Billion
Segmentation
  • Type
  • End-User
  • Technology
  • Distribution Channel
  • Geography
Geographical Segmentation North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Bicycle Market
  • Giant Manufacturing Co. Ltd.
  • Trek Bicycle Corporation
  • Hero Cycles Limited
  • Scott Sports SA
  • Merida Industry Co., Ltd
Customization Scope Free report customization with purchase

 

Bicycle Market is analyzed into the following segments:

  • By Type
    • Mountain
    • Road
    • Hybrid
    • Others
  • By End-User
    • Men
    • Women
    • Kids
  • By Technology
    • Conventional
    • Electric
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

The bicycle market is expected to reach a total market size of US$110.102 billion by 2030.

Bicycle Market is valued at US$79.713 billion in 2025.

The bicycle market is expected to grow at a CAGR of 6.67% during the forecast period.

One of the key factors supplementing the demand for bicycles is the globally growing prevalence of chronic diseases such as obesity, diabetes, and CVDs among others.

Geographically, the Asia Pacific region is expected to hold a significant share of the bicycle market throughout the forecast period.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL BICYCLE MARKET BY TYPE

5.1. Introduction 

5.2. Mountain 

5.3. Road

5.4. Hybrid

5.5. Others

6. GLOBAL BICYCLE MARKET BY END-USER

6.1. Introduction

6.2. Men

6.3. Women

6.4. Kids

7. GLOBAL BICYCLE MARKET BY TECHNOLOGY 

7.1. Introduction

7.2. Conventional

7.3. Electric

8. GLOBAL BICYCLE MARKET BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Online

8.3. Offline

9. GLOBAL BICYCLE MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By End-User

9.2.3. By Technology

9.2.4. By Distribution Channel

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By End-User

9.3.3. By Technology

9.3.4. By Distribution Channel

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By End-User

9.4.3. By Technology

9.4.4. By Distribution Channel

9.4.5. By Country

9.4.5.1. United Kingdom

9.4.5.2. Germany

9.4.5.3. France

9.4.5.4. Spain

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By End-User

9.5.3. By Technology

9.5.4. By Distribution Channel

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By End-User

9.6.3. By Technology

9.6.4. By Distribution Channel

9.6.5. By Country

9.6.5.1. China

9.6.5.2. Japan

9.6.5.3. South Korea

9.6.5.4. Australia

9.6.5.5. India

9.6.5.6. Indonesia

9.6.5.7. Thailand

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Giant Manufacturing Co. Ltd.

11.2. Trek Bicycle Corporation

11.3. Hero Cycles Limited

11.4. Scott Sports SA

11.5. Merida Industry Co., Ltd

11.6. Cervélo

11.7. TI Cycles

11.8. Fuji Bikes

11.9. Accell Group N.V.

11.10. Olympus Bikes

11.11. Derby Cycle AG

11.12. Cube Bikes

Giant Manufacturing Co. Ltd.

Trek Bicycle Corporation

Hero Cycles Limited

Scott Sports SA

Merida Industry Co., Ltd

Cervélo

TI Cycles

Fuji Bikes

Accell Group N.V.

Olympus Bikes

Derby Cycle AG

Cube Bikes