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Bicycle Market Size, Share and Trends Forecast 2025-2033

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Ramanraj
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IMARC Group’s report titled “Bicycle Market Report by Type (Road Bicycle, Mountain Bicycle, Hybrid Bicycle, and Others), Technology (Electric, Conventional), Price (Premium, Mid-Range, Low-Range), Distribution Channel (Online Stores, Offline Stores), End User (Men, Women, Kids), and Region 2025-2033”, The global bicycle market size reached USD 67.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 102.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.48% during 2025-2033.

Factors Affecting the Growth of the Bicycle Industry:

  • Growing Awareness of the Environment:

The number of bicycle users continues to grow because people prioritized environmental protection. A rising concern about pollution and climate change leads numerous people to seek alternative methods of clean transportation. Bicycles have two major benefits: they emit zero pollution and they help riders stay healthy. Local municipalities create both new bike facilities and dedicated parking spots across the city to encourage cycling capabilities. Governments implement two tactics to promote cycling by giving people discounted bicycle prices while offering rewards to people who commute via bicycles to work. The bicycle market shows rapid growth as manufacturers introduce innovative green bike designs specifically to win over sustainability-minded consumers.

  • The Rise of E-Bikes:

The development of electric bicycles introduces significant changes to bicycle markets nationwide. Electric bicycle motors augment rider pedaling power to simplify cycling while climbing grades as well as traveling extensive distances. E-bikes gain preference among people who commute because they offer comfort for transportation. E-bikes continue to gain popularity around urban areas with increased buyers showing interest in these products. E-bike affordability and power have increased thanks to recent advancements in battery design. Robust innovation by companies has resulted in various e-bike models serving diverse riders thus driving market expansion.

  • Focus on Health and Fitness:

More people are cycling because they want to stay healthy. Biking is great exercise—it improves heart health, strengthens muscles, and boosts mental well-being. Since the COVID-19 pandemic, many people have started cycling as a way to stay active while maintaining social distance. Cycling clubs and events are becoming more popular, helping people connect with others who love biking. Fitness apps and smartwatches also make it easy to track progress and set fitness goals, making cycling even more appealing.

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Leading Companies Operating in the Global Bicycle Industry:

  • Accell Group N.V.

  • Avon Cycles Ltd.

  • Benno Bikes LLC

  • Cervélo (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.

  • Trek Bicycle Corporation (Roth Distributing Co. Inc.)

Bicycle Market Report Segmentation:

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

Regional Insights:

  • 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

Bicycle Market Trends:

Advanced cycling technology adds GPS, performance measurement and smartphone integration to bikes. Bicycles now offer customizable appearances including various color choices together with extra accessories to provide customers the perfect match for their personal style. Cycling offers an appealing transportation option because a growing number of cities develop bike-share schemes together with infrastructure improvements to accommodate cyclists better. The bicycle market continues to develop alongside new consumer requirements based on these current market dynamics.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145

Bicycle Market