Italy Bicycle Market Size & Outlook, 2023-2030
Italy bicycle market, 2018-2030 (US$M)
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Italy bicycle market highlights
- The Italy bicycle market generated a revenue of USD 1,824.6 million in 2023 and is expected to reach USD 4,295.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 13% 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 1,824.6 million |
| Market revenue in 2030 | USD 4,295.9 million |
| Growth rate | 13% (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, Italy accounted for 2.7% 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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Italy 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 39.48% in 2023. Horizon Databook has segmented the Italy bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is the second largest producer of bicycles in Europe. In 2020, there was an increased production of e-bikes, which was reported as 145,000 units, which was driven primarily by E-bikes. The COVID-19 pandemic initially disrupted the growth of the bicycle/e-bikes market in Italy.
Consumers in Europe started shifting to e-bikes post the pandemic to avoid virus transmission in public transportation. The growing use of e-bike applications in e-bike rental services and logistics is also anticipated to fuel the growth of the market in the coming years.
Italian cities have witnessed a bicycle boom after the COVID-19 lockdown as bicycle sales have increased owing to the withdrawal of quarantine by the government.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Italy bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy bicycle market size, by product, 2018-2030 (US$M)
Italy Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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