Germany Bicycle Market Size & Outlook, 2023-2030
Germany bicycle market, 2018-2030 (US$M)
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Germany bicycle market highlights
- The Germany bicycle market generated a revenue of USD 5,920.5 million in 2023 and is expected to reach USD 10,852.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 9% 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 5,920.5 million |
| Market revenue in 2030 | USD 10,852.3 million |
| Growth rate | 9% (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, Germany accounted for 8.7% of the global bicycle market in 2023.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany bicycle market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 7,323.9 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 Germany bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is anticipated to play a significant role in the European bicycle market, followed by the U.K and France. The growth of the market in these countries is attributed to factors such as the increasing number of riders and people’s preference for eco-friendly transportation.
Additionally, the growing popularity of ebikes in the country is driving market growth. It is anticipated that the existence of major companies and their active participation in the market through product launches and strategic alliances, among others are boosting the demand for bicycles in the country. For instance, in July 2021, Hero Lectro shipped the first 200 e-bikes to Germany.
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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 Germany bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Germany bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bicycle market size, by product, 2018-2030 (US$M)
Germany Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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