China Bicycle Market Size & Outlook, 2023-2030
China bicycle market, 2018-2030 (US$M)
Related Markets
China bicycle market highlights
- The China bicycle market generated a revenue of USD 7,773.4 million in 2023 and is expected to reach USD 13,122.4 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 7,773.4 million |
| Market revenue in 2030 | USD 13,122.4 million |
| Growth rate | 7.8% (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, China accounted for 11.4% of the global bicycle market in 2023.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bicycle market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,102.6 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 39.24% in 2023. Horizon Databook has segmented the China bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
Bicycle market in China is anticipated to grow with a significant CAGR. The market growth in China is attributed to the growing environmental issues and traffic congestion in China. Growing concern regarding carbon footprint and pollution has influenced population to adopt bicycles.
According to industry experts, it is anticipated that 19.4% of Chinese population ride bicycles to reach their workstation from home. Nowadays, e-bikes are becoming more common in China, especially among the younger generation who wish to use them for sports and other recreational activities.
E-bikes have smart batteries and are connected to applications through big data. Furthermore, the Chinese e-bike market has been expanding steadily over the past few years, driven by a number of policies and initiatives from the Chinese government that support green technologies.
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Target buyers of China 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 country-level data and insights on the China bicycle market , including forecasts for subscribers. This country databook contains high-level insights into China bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China bicycle market size, by product, 2018-2030 (US$M)
China Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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