Brazil Bicycle Market Size & Outlook, 2023-2030
Brazil bicycle market, 2018-2030 (US$M)
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Brazil bicycle market highlights
- The Brazil bicycle market generated a revenue of USD 3,995.7 million in 2023 and is expected to reach USD 6,228.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, road bikes was the largest revenue generating product in 2023.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
Bicycle market data book summary
| Market revenue in 2023 | USD 3,995.7 million |
| Market revenue in 2030 | USD 6,228.3 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
| Key market players worldwide | Accell, Avon Protection PLC, Dorel Industries Inc Shs -B- Subord.Voting, Giant Bicycle, MERIDA BIKES, Specialized Bicycle Components, The Scotts Miracle Gro Co Class A, Trek Resources Inc, Atlas Cycles, Cervelo Cycles, Beistegui Hermanos, Axalko, Mammoth Mountain Ski Area |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.9% of the global bicycle market in 2023.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bicycle market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 4,373.7 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 38.34% in 2023. Horizon Databook has segmented the Brazil bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is considered to be the third largest consumer of bicycle across the world. With opportunities in the MTB/racing bicycle, road/standard bicycle, and e-bikes, the bicycle market in Brazil has a promising future. The growth of the market in Brazil is attributed to rising health consciousness, rising environmental awareness, rising traffic congestion, and rising government cycling promotion initiatives.
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Target buyers of Brazil 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 country-level data and insights on the Brazil bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bicycle market size, by product, 2018-2030 (US$M)
Brazil Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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