UK Bicycle Market Size & Outlook, 2023-2030
UK bicycle market, 2018-2030 (US$M)
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UK bicycle market highlights
- The UK bicycle market generated a revenue of USD 4,133.0 million in 2023 and is expected to reach USD 8,341.5 million by 2030.
- The UK market is expected to grow at a CAGR of 10.6% 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 4,133.0 million |
| Market revenue in 2030 | USD 8,341.5 million |
| Growth rate | 10.6% (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, UK accounted for 6.1% 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 |
|---|
UK 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 40.62% in 2023. Horizon Databook has segmented the UK bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
Post the COVID-19 pandemic, the demand for all kinds of bicycles, from children's bikes to Mountain Bikes (MTBs) and e-bikes, has increased significantly in the U.K. According to industry experts, more than 3.1 million bicycles were sold in Great Britain, which is nearly 15% more than in any of the previous five years.
Individuals have opted for cycling for recreation, exercise, work, sport, entertainment, and relaxation since the pandemic. Most of the key companies are venturing into the manufacturing of ebikes, thereby spreading their presence across the country.
For instance, in 2020, Volt, a manufacturer of electric bicycles, opened its U.K. plant in Milton Keynes. The Milton-Keynes facility was able to produce 25,000 units per year. Moreover, various U.K. bicycle manufacturers are launching new products in the market to maintain their market position.
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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 UK bicycle market , including forecasts for subscribers. This country databook contains high-level insights into UK bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK bicycle market size, by product, 2018-2030 (US$M)
UK Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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