Canada Bicycle Market Size & Outlook, 2026-2033
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Canada bicycle market highlights
- The Canada bicycle market generated a revenue of USD 2,635.5 million in 2025 and is expected to reach USD 5,721.8 million by 2033.
- The Canada market is expected to grow at a CAGR of 10.2% from 2026 to 2033.
- In terms of segment, road bikes was the largest revenue generating product in 2025.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
Bicycle market data book summary
| Market revenue in 2025 | USD 2,635.5 million |
| Market revenue in 2033 | USD 5,721.8 million |
| Growth rate | 10.2% (CAGR from 2026 to 2033) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
| Key market players worldwide | Accell, Atlas Cycles, Avon, Cervelo Cycles, Dorel Industries, Giant Bicycle, MERIDA BIKES, Specialized Bicycle Components, Scotts, Trek Bicycle, Orbea S. Coop, Beistegui Hermanos, Axalko, Hagen & Co, Mammoth eBike, E-BIKE, Garri Logistics |
Other key industry trends
- In terms of revenue, Canada accounted for 3.1% of the global bicycle market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. bicycle market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,721.8 million by 2033.
Road bikes was the largest segment with a revenue share of 46.12% in 2025. Horizon Databook has segmented the Canada bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2021 to 2033.
In Canada, as per medical professionals, cycling is considered one of the most common exercises for good health and fitness. Most people follow cycling to keep themselves fit and healthy, especially after the COVID-19 pandemic.
Furthermore, rising gas prices in the country is influencing the population to adopt bicycles for commuting. Therefore, shops across Canada are finding challenging to keep up with the increased demand.
In 2022, the price of new cars has also increased, which has resulted into high demand for bicycles in the country. Therefore, shops across Canada are finding it challenging to fulfil the increasing demand for bicycles.
Moreover, as bicycles are considered an affordable alternative to automobiles, the adoption rate of bicycles in the country has increased, which is propelling the growth of the market.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Garri Logistics | View profile | 11-50 | Addis Ababa, Adis Abeba, Ethiopia, Africa | https://garrilogistics.com |
| E-BIKE | View profile | 1-10 | Wuxi Shi, Jiangsu, China, Asia | http://www.e-biker.cn |
| Mammoth eBike | View profile | 1-10 | Kharkiv, Sums'ka Oblast', Ukraine, Europe | http://mammothebike.com |
| Hagen & Co | View profile | 11-50 | Boston, Massachusetts, United States, North America | http://www.hagenco.com/ |
| Dorel Industries | View profile | 10001+ | Westmount, Quebec, Canada, North America | http://www.dorel.com/eng/ |
| Avon | View profile | 10001+ | New York, New York, United States, North America | https://www.youravon.com |
| Orbea S. Coop | View profile | 251-500 | Bilbao, Pais Vasco, Spain, Europe | https://www.orbea.com |
| Trek Bicycle | View profile | 1001-5000 | Waterloo, Wisconsin, United States, North America | https://www.trekbikes.com/ |
| Scotts | View profile | 101-250 | Wiltshire, Mississippi, United States, North America | https://www.scottsandco.com |
| Axalko | View profile | - | https://axalko.com/ | |
| Beistegui Hermanos | View profile | 11-50 | Vitória, Piaui, Brazil, South America | https://www.bhbikes.com |
| Cervelo Cycles | View profile | 51-100 | Toronto, Ontario, Canada, North America | http://www.cervelo.com/en/ |
| Atlas Cycles | View profile | 251-500 | Sonipat, Haryana, India, Asia | http://atlasbicycles.com/ |
| Specialized Bicycle Components | View profile | 501-1000 | Morgan Hill, California, United States, North America | http://specialized.com |
| MERIDA BIKES | View profile | 1-10 | Yüanlin, T'ai-wan, Taiwan, Asia | https://www.merida-bikes.com/ |
| Giant Bicycle | View profile | 1001-5000 | Taiwan, Jiangsu, China, Asia | http://giant-bicycles.com |
| Accell | View profile | 11-50 | Warrenton, Virginia, United States, North America | https://accellclinical.com/ |
Canada bicycle market size, by product, 2021-2033 (US$M)
Canada Bicycle Market Outlook Share, 2025 & 2033 (US$M)
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