Global Bicycle Market Size & Outlook, 2023-2030
Global bicycle market, 2018-2030 (US$M)
Related Markets
Global bicycle market highlights
- The global bicycle market generated a revenue of USD 67,983.4 million in 2023 and is expected to reach USD 131,018.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
- In terms of segment, road bikes accounted for a revenue of USD 25,118.7 million in 2023.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 67,983.4 million |
| Market revenue in 2030 | USD 131,018.9 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
Other key industry trends
- In terms of revenue, the North America accounted for 16.6% of the global bicycle market in 2023.
- By country, the Canada is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 2,242.3 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bicycle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bicycle market will help companies and investors design strategic landscapes.
Road bikes was the largest segment with a revenue share of 36.95% in 2023. Horizon Databook has segmented the Global bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Bicycle Product Outlook (Revenue, USD Million, 2018-2030)
- Mountain Bikes
- Hybrid Bikes
- Road Bikes
- Cargo Bikes
- Others
- Apparels
- Components
- Global Bicycle Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Online
- Offline
- Global Bicycle End Use Outlook (Revenue, USD Million, 2018-2030)
- Men
- Women
- Kids
- Global Bicycle Technology Outlook (Revenue, USD Million, 2018-2030)
- Electric
- Conventional
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Target buyers of Global bicycle market databook
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Our clientele includes a mix of bicycle market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global bicycle market , including forecasts for subscribers. This global databook contains high-level insights into Global bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global bicycle market size, by regions, 2018-2030 (US$M)
Top 10 countries: Bicycle market size, 2023 (US$M)
Global bicycle market share, by product, 2023 & 2030 (%, US$M)
Bicycle market: Opportunity assessment by country
Global bicycle market, by region, 2023 (US$M)
Related regional statistics
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