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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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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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.
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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8,407.6 | 8,837.7 | 9,113.1 | 9,621.4 | 10,418.9 | 11,297.9 | 12,268.2 | 13,340.6 | 14,527.8 | 15,843.7 | 17,304.5 | 18,928.6 | 20,945.8 | 9.2% |
| Europe | 13,486.1 | 14,443.6 | 15,175.2 | 16,324.9 | 18,013.2 | 19,903.9 | 22,024.4 | 24,406.0 | 27,084.8 | 30,102.5 | 33,507.0 | 37,354.0 | 41,707.7 | 11.2% |
| Asia Pacific | 16,739.2 | 17,856.9 | 18,676.6 | 19,989.7 | 21,933.2 | 24,086.8 | 26,476.1 | 29,130.2 | 32,082.0 | 35,369.0 | 39,034.1 | 43,126.1 | 47,700.6 | 10.3% |
| Latin America | 6,570.6 | 6,800.4 | 6,904.6 | 7,177.8 | 7,653.7 | 8,172.7 | 8,739.2 | 9,358.5 | 10,036.3 | 10,779.4 | 11,594.9 | 12,491.4 | 13,478.2 | 7.4% |
| MEA | 3,733.1 | 3,843.2 | 3,881.5 | 4,013.9 | 4,257.4 | 4,522.1 | 4,810.1 | 5,123.7 | 5,465.9 | 5,839.6 | 6,248.3 | 6,695.9 | 7,186.7 | 6.8% |
| Overall | 48,936.4 | 51,781.8 | 53,751.0 | 57,127.7 | 62,276.4 | 67,983.4 | 74,317.9 | 81,358.9 | 89,196.8 | 97,934.2 | 107,688.9 | 118,595.9 | 131,018.9 | 9.8% |
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