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Report
Global Bicycle Market Report and Forecast 2024-2032
Market Report I 2023-12-22 I 205 Pages I EMR Inc.
Global Bicycle Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global bicycle market grew substantially in 2023. Aided by the rising environmental consciousness, increasing health awareness, and urbanisation trends, the market is projected to further grow at a CAGR of 6.5% between 2024 and 2032.
Bicycles have been an integral mode of transportation for centuries, providing a simple, efficient, and environmentally friendly means of commute. Beyond transportation, bicycles have transcended into various segments, including fitness, sports, leisure, and even as a symbol of sustainability. The bicycle's inherent eco-friendly and health benefits, combined with its adaptability, make it an invaluable asset in both developed and developing regions of the world.
The intensified global focus on reducing carbon emissions and fostering sustainable transport methods has been a central driver for the bicycle market growth. As cities become increasingly congested, and pollution levels rise, urban planners and governments are promoting cycling as a viable alternative to motorised transportation. Enhanced cycling infrastructure, including dedicated bicycle lanes, parking facilities, and public bike-sharing programs, further boost bicycle adoption.
Moreover, the surging awareness regarding the health benefits linked to regular cycling is spurring the bicycle market demand. Cycling is a cardiovascular activity that aids in weight management, muscle toning, and overall physical well-being. The escalating global health concerns, like obesity and cardiovascular diseases, combined with a renewed interest in outdoor activities post-pandemic, have heightened the demand for bicycles.
The realm of sports and recreation also witnesses bicycles' undiminished appeal. The increasing number of cycling events, races, and recreational trails attest to the sport's global popularity. This has further pushed advancements in bicycle technology, leading to the development of specialised bicycles, such as mountain bikes, racing bikes, and electric bicycles. The electric bicycle or e-bike, which incorporates a motor to assist pedalling, has emerged as a groundbreaking segment within the bicycle market. E-bikes have made cycling accessible to a broader demographic, including older adults and those living in hilly terrains, amplifying the bicycle market share.
In line with global sustainability goals, innovations in bicycle manufacturing emphasise eco-friendly materials and processes. Bicycles made from bamboo, recyclable metals, and bioplastics are gaining traction, catering to an environmentally conscious consumer base. These innovations not only reduce the carbon footprint of production but also meet the evolving demands of the modern cyclist.
Furthermore, the bicycle market is poised to benefit from the growing interest in eco-tourism and bike tours. As travellers seek immersive and sustainable experiences, many choose bicycles as their primary mode of exploration. This trend not only promotes local economies but also emphasises the bicycle's role in sustainable tourism.
Market Segmentation
The market can be divided based on product, price, technology, end user, and region.
Market Breakup by Product
- Mountain Bicycles
- Hybrid Bicycles
- Road Bicycles
- Others
Market Breakup by Price
- Premium
- Mid-Range
- Low Range
Market Breakup by Technology
- Electric
- Conventional
Market Breakup by End User
- Men
- Women
- Kids
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global bicycle market. Some of the major players explored in the report by Expert Market Research are as follows:
- Accell Group
- Cycling Sports Group, LLC
- Avon Cycles Limited
- Giant Bicycles
- Merida Industry Co., Ltd.
- SCOTT Sports SA
- Trek Bicycle Corporation
- Hero Cycles
- Santa Cruz Bicycles, LLC
- Marin Mountain Bikes Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bicycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Bicycle Historical Market (2018-2023)
8.3 Global Bicycle Market Forecast (2024-2032)
8.4 Global Bicycle Market by Product
8.4.1 Mountain Bicycles
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hybrid Bicycles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Road Bicycles
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Bicycle Market by Price
8.5.1 Premium
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid-Range
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Low Range
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Bicycle Market by Technology
8.6.1 Electric
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Conventional
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Bicycle Market by End User
8.7.1 Men
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Women
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Kids
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Bicycle Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Bicycle Market Analysis
9.1 Market by Product
9.2 Market by Technology
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Bicycle Market Analysis
10.1 Market by Product
10.2 Market by Technology
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Bicycle Market Analysis
11.1 Market by Product
11.2 Market by Technology
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Bicycle Market Analysis
12.1 Market by Product
12.2 Market by Technology
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Bicycle Market Analysis
13.1 Market by Product
13.2 Market by Technology
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Accell Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cycling Sports Group, LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Avon Cycles Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Giant Bicycles
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Merida Industry Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 SCOTT Sports SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Trek Bicycle Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Hero Cycles
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Santa Cruz Bicycles, LLC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Marin Mountain Bikes Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bicycle Market: Key Industry Highlights, 2018 and 2032
2. Global Bicycle Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Bicycle Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Bicycle Historical Market: Breakup by Price (USD Million), 2018-2023
5. Global Bicycle Market Forecast: Breakup by Price (USD Million), 2024-2032
6. Global Bicycle Historical Market: Breakup by Technology (USD Million), 2018-2023
7. Global Bicycle Market Forecast: Breakup by Technology (USD Million), 2024-2032
8. Global Bicycle Historical Market: Breakup by End User (USD Million), 2018-2023
9. Global Bicycle Market Forecast: Breakup by End User (USD Million), 2024-2032
10. Global Bicycle Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Bicycle Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Bicycle Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Bicycle Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Bicycle Market Structure
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