The global bicycle market size was estimated at USD 77.01 billion in 2024 and is projected to grow at a CAGR of 9.9% from 2025 to 2030. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel the growth. Preference for bicycles as a convenient form of exercise to ensure a healthy life, free from obesity and other disorders, is expected to further drive the market expansion. The popularity of dockless bicycle-sharing systems has been rising lately. This system allows users to locate a bicycle nearby and unlock it electronically. Incepted originally in Europe, dockless bicycle-sharing systems are gaining popularity, particularly in Asian nations such as India and China.
Furthermore, recent advancements in mobile app development and Global Positioning System (GPS) have resulted in app-based dockless bicycle-sharing systems. Moreover, the growing adoption of such dockless bicycle-sharing systems is anticipated to fuel the demand for cycles significantly. Chinese bicycle-sharing companies are particularly investing and expanding their operations aggressively in European nations to capitalize on the market opportunities. This is expected to boost market growth further in the forthcoming years.
People have started realizing the importance of staying fit and having a healthy life. They have also started realizing that regular bicycling can keep disorders, such as obesity, at bay. The market is likely to grow as more and more people are resorting to bicycling as a regular form of exercise. Events, such as Tour de France and Ronde van Vlaanderen, are further adding to the popularity of these vehicles. Meanwhile, a rise in bicycling events being organized in various countries from Asia, Africa, and the Middle East is fueling the sales of mountain as well as road bicycles.
The growing traffic congestion and shortage of parking space, particularly in metropolitan cities, is prompting people to consider bicycle commuting for short distances to save time. At the same time, various governments are aggressively rolling out the infrastructure necessary to support bicycle commutation, thereby encouraging people to opt for bicycles. However, the looming lack of the infrastructure necessary to support and encourage bicycle commutation, particularly in developing economies such as India, is anticipated to hinder the growth of the bicycle market. Similarly, lightweight bicycles made using composite materials make them expensive, which does not bode well for market expansion.
Urbanization has led to increased demand for commuter-friendly bicycles, particularly in congested metropolitan areas. Commuter bicycles, often designed for ease of use, efficiency, and low maintenance, are appealing to consumers seeking to avoid traffic, reduce transportation costs, and minimize environmental impact. Furthermore, cargo bicycles have gained traction as more businesses adopt eco-friendly delivery methods. In urban areas, cargo bikes are increasingly used by courier services, food delivery companies, and small businesses. Major cities in Europe and North America have been particularly supportive of this trend, with city councils incentivizing the use of cargo bikes for commercial purposes.
The road bicycle segment accounted for the largest revenue share of 41.0% in 2024. The segment growth can be attributed to the fact that these are the most basic vehicles, which do not need any sophisticated accessories, such as those required by racing, mountain, or other special-purpose bicycles. The growing trend among people to customize road bicycles for specific purposes is also expected to contribute to the segment growth in the forthcoming years.
The mountain bicycle segment is expected to register notable growth from 2025 to 2030 as consumers, particularly millennials, continue to opt for mountain bicycling as a form of leisure and adventure. Furthermore, the number of women and kids entering sports is increasing steadily and is likely to influence segment growth across the globe. Besides, the establishment of new mountain bicycling circuits coupled with growing media coverage for such events is expected to further fuel segment growth.
Moreover, the cargo bikes segment is also expected to emerge as the fastest-growing segment from 2025 to 2030. The segment growth can be attributed to users seeking ways of replacing motorized transport for short-distance commercial applications. Brands, such as Benno and Larry & Harry are monetizing the high potential of cargo bikes by investing in ways of increasing the positive perception of cargo bikes and promoting them through various role models.
The conventional segment accounted for the largest revenue share of 82.9% in 2024. The high market share is attributable to various factors, such as lower repair and maintenance costs of conventional bicycles as compared to electric bicycles. Also, while bicycles have been a convenient mode of transport, bicycling has been emerging as a leading sporting and leisure activity, especially in the women segment, over the past few decades. At present, conventional bicycles for women are dominating the global market in terms of technology.
The electric segment is expected to register the highest CAGR from 2025 to 2030. Electric bicycles can also ensure faster journeys as compared to their conventional counterparts. Moreover, technological improvements in battery and motor efficiency have been crucial for the electric bicycle segment. For instance, Lithium-ion batteries have enabled longer ranges and shorter charging times, making electric bicycles a viable alternative for longer commutes. As a result, more consumers are opting for electric bicycles as a convenient and eco-friendly option for their daily commute.
The offline distribution channel segment accounted for the largest revenue market share in 2024. The high market share is attributed to the presence of a large number of consumers opting to purchase from offline channels/stores due to the availability of test-drive options. Offline stores also offer personalized/customized buying options, wherein consumers can choose their personalized/customized bicycle designs and colors. Also, it allows customers to get the product instantly. Moreover, the availability of various branded bicycles in local supermarkets or other stores is likely to drive this channel's demand in the forthcoming years.
The online distribution channel is expected to emerge as the fastest-growing segment from 2025 to 2030. The growing penetration of smartphones and the Internet in emerging economies, including Brazil, China, India, and Mexico, will further boost consumer engagement in online stores. Moreover, the internet's increasing penetration is also encouraging vendors to sell their products in the untapped market through online platforms such as Ali Express, Amazon, and Flipkart. Besides, online channels provide attractive discounts on every product, which attracts consumers to purchase online.
The men segment accounted for the largest revenue market share of 46.3% in 2024. It is also expected to emerge as the fastest-growing segment over the forecast period as the number of men riding bicycles continues to be higher than the number of women and kids. Men have historically outnumbered women in the use of bicycles for commuting. As per statistical data presented by the Department for Transport UK, in 2019, on average, the UK men population made 25 cycling trips in a year as compared to 10 cycling trips by the women population in the same year.
However, the women segment is anticipated to expand at a CAGR of 9.8% over the forecast period as bicycle makers are continuously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers. Such developments are particularly enticing women to opt for bicycling for leisure. Women have also been participating aggressively in bicycling events for the past few years. As a result, this segment is projected to witness steady growth.
With the rising awareness of health and wellness, North American bicycle market consumers are increasingly turning to cycling as a means of staying active. As a result, recreational and fitness biking has surged, with mountain and road bikes becoming popular choices for those seeking outdoor exercise. Several North American cities, such as New York, San Francisco, and Toronto, have implemented bike-sharing programs to promote sustainable urban mobility. The pandemic intensified the need for contactless, solo transportation modes, boosting the popularity of these programs.
The bicycle market in the U.S. has seen an increase in online bicycle purchases as consumers seek convenience and access to a wide variety of models. This trend has been fuelled by advancements in logistics, allowing consumers to order customized bikes and have them delivered to their homes.
Asia Pacific bicycle market held a significant share of around 34.4% in 2024. Countries such as China, Japan, and Singapore, emphasize rolling out the infrastructure necessary to encourage and support bicycle commutation. Some of the cities in Asia, such as Tokyo, are known for their lowest accident rates and are hence considered ideal cities for urban bicycling. Moreover, Chinese bicycle-sharing companies are aggressively targeting countries, such as India and Australia, to expand their operations. As a result, the demand for bicycles is expected to rise in the forthcoming years.
The bicycle market in Europe is expected to witness the highest growth over the forecast period. Europe is home to some of the cities that are considered ideal for bicycle commuting. Some of the most popular bicycling events, such as Tour de France and Ronde van Vlaanderen, are also organized in Europe region. European nations, including Belgium, Denmark, France, and Italy, are aggressively rolling out the infrastructure to support and encourage bicycle commutation and are contributing significantly towards the growth of the regional market.
Some key players operating in the market include Merida Industry Co., Ltd and Giant Bicycles, Inc., among others.
Merida Industry Co., Ltd designs, manufactures, and markets bicycles. The company is also involved in trading bicycle frames, electric bikes, and other related components. The company's key product offerings include complete suspension bikes, hardtail bikes, women's bikes, youth bikes, e-bikes, bags, apparel, bike equipment, tools, trailers, and other accessories. The company has a market presence in over 77 countries, including Argentina, Australia, Austria, Belgium, Brazil, China, Finland, Germany, Korea, the Netherlands, the Russian Federation, Switzerland, Taiwan, and the U.K. The company is listed on the Frankfurt Stock Exchange and Taiwan Stock Exchange (9914).
Giant Bicycles, Inc. designs and manufactures women's bicycles, road bicycles, mountain bicycles, lifestyle bicycles, and kid's bicycles. It is a subsidiary of Giant Manufacturing Co. Ltd, a Taiwanese bicycle manufacturer. Giant Bicycle, Inc. also provides apparel such as shirts, cycling clothing, as well as gloves, hats, socks, caps, and helmets; indoor cycling products, including trainers/components and accessories; and various accessories, including pumps, bags, lights, locks, cages, and bike covers. The company also offers tricycles, jog strollers, child seats, and trailer bikes. Its geographical presence spans various regions, including North America, Europe, Asia Pacific, and Oceania.
Specialized Bicycle Components, Inc. and SCOTT Sports SA are some emerging participants in the target market.
Specialized Bicycle Components, Inc. designs, manufactures, markets, and sells bicycle products and accessories. The company markets and sells its offerings under the brand name Specialized. The company’s key product offerings include mountain bikes, road, active fitness, kids, and electric bikes. The company also provides products for cyclists, such as jerseys, bibs and shorts, jackets and vests, base layers, gloves, shirts, hats, and hoodies. The company also provides bicycle components and accessories such as tires and tubes, wheels, saddles, power meters, drivetrains, handlebars, pedals, seat posts, stems, and suspensions.
SCOTT Sports SA designs and manufactures bicycles, motorsports gear, winter equipment, and sportswear. The company is a subsidiary of Youngone Corporation. The company’s key product offerings include road bikes, mountain bikes, city and urban bikes, trekking bikes, junior bikes, e-bikes, and framesets. SCOTT Sports SA also offers goggles, helmets, sunglasses, backpacks and bags, shoes, body protection products, probes and shovels, and apparel, including shirts and jerseys, vests, jackets, bibs, tights, shorts, knickers, pants, gloves, and other accessories. The company also provides off-road and snowmobile motorsports products.
The following are the leading companies in the bicycle market. These companies collectively hold the largest market share and dictate industry trends.
In September 2024, Stryder Cycle Pvt. Ltd. launched Voltic GO and Voltic X for urban mobility. The e-bikes are equipped with splash-proof and fast chargeable 48V battery. The e-bikes provide a range of up to 40 km per charge. The e-bikes are suitable for light off-road and city streets, catering to urban commuters.
In October 2023, Merida Industry Co., Ltd. launched the all-new Silex gravel bike, which aims to improve comfort, speed, and handling across all types of terrain. This second-generation Silex gravel bike features revised geometry, increased tire clearance, and a focus on backpacking and multi-surface adventure riding. The updated Silex range includes six models, including carbon fiber and aluminum options.
Report Attribute |
Details |
Market size value in 2025 |
USD 84.25 billion |
Revenue forecast in 2030 |
USD 135.02 billion |
Growth rate |
CAGR of 9.9% from 2025 to 2030 |
Actual data |
2017 - 2024 |
Forecast period |
2025 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, technology, end use, distribution channel, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; UK; Germany; France; Italy; China; Japan; India; Australia; South Korea; Brazil; UAE; Kingdom of Saudi Arabia (KSA); South Africa |
Key companies profiled |
Accell Group; Atlas Cycles (Haryana) Ltd.; Avon Cycles Ltd.; Cervelo; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd; Specialized Bicycle Components, Inc.; SCOTT Sports SA; Trek Bicycle Corporation. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global bicycle market based on product, technology, end use, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2017 - 2030)
Mountain Bikes
Hybrid Bikes
Road Bikes
Cargo Bikes
Others
Technology Outlook (Revenue, USD Million, 2017 - 2030)
Electric
Conventional
End Use Outlook (Revenue, USD Million, 2017 - 2030)
Men
Women
Kids
Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
Online
Offline
Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Middle East & Africa (MEA)
UAE
KSA
South Africa
b. The global bicycle market size was estimated at USD 77.01 billion in 2024 and is expected to reach USD 84.25 billion in 2025.
b. The global bicycle market is expected to grow at a compound annual growth rate of 9.9% from 2025 to 2030 to reach USD 135.02 billion in 2030.
b. Asia Pacific held a significant share of around 34.4% in 2024. Countries such as China, Japan, and Singapore, emphasize rolling out the infrastructure necessary to encourage and support bicycle commutation. Some of the cities in Asia, such as Tokyo, are known for their lowest accident rates and are hence considered ideal cities for urban bicycling.
b. Some key players operating in the bicycle market include Accell Group, Dorel Industries Inc., Avon Cycles Ltd., Giant Bicycles, Merida Industry Co., Ltd, SCOTT Sports SA, and Trek Bicycle Corporation.
b. Key factors that are driving the bicycle market growth include increasing adoption of cycles as a form of leisure activity, and high preference for bicycles as a convenient form of exercise to ensure a healthy life.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Bicycle Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Bicycle Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
Chapter 4. Bicycle Market Product Outlook
4.1. Bicycle Market, By Product Analysis & Market Share, 2024 & 2030
4.2. Mountain Bikes
4.2.1. Mountain bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.3. Hybrid Bikes
4.3.1. Hybrid bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.4. Road Bikes
4.4.1. Road bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.5. Cargo Bikes
4.5.1. Cargo bikes market estimates and forecasts, 2017 - 2030 (USD Million)
4.6. Others
4.6.1. Other bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Bicycle Market Technology Outlook
5.1. Bicycle Market, By Technology Analysis & Market Share, 2024 & 2030
5.2. Electric
5.2.1. Electric bicycles market estimates and forecasts, 2017 - 2030 (USD Million)
5.3. Conventional
5.3.1. Conventional bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Bicycle Market Distribution Channel Outlook
6.1. Bicycle Market, By Distribution Channel Analysis & Market Share, 2024 & 2030
6.2. Online
6.2.1. Online bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
6.3. Offline
6.3.1. Offline bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. Bicycle Market End Use Outlook
7.1. Bicycle Market, By End Use Analysis & Market Share, 2024 & 2030
7.2. Men
7.2.1. Bicycle market by men estimates and forecasts, 2017 - 2030 (USD Million)
7.3. Women
7.3.1. Bicycle market by women estimates and forecasts, 2017 - 2030 (USD Million)
7.4. Kids
7.4.1. Kids bicycle market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. Bicycle Market: Regional Estimates & Trend Analysis
8.1. Bicycle Market Share, By Region, 2024 & 2030, USD Million
8.2. North America
8.2.1. North America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.2.4. Mexico
8.2.4.1. Mexico Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.3.5. Italy
8.3.5.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.4. Australia
8.4.4.1. Australia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.2. UAE
8.6.2.1. UAE Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.3. Saudi Arabia
8.6.3.1. Saudi Arabia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Accell Group
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Atlas Cycles (Haryana) Ltd.
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Avon Cycles Ltd
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Cervelo
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. Dorel Industries Inc.
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Giant Bicycles
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. Merida Industry Co., Ltd.
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. Specialized Bicycle Components Inc
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. SCOTT Sports SA
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Trek Bicycle Corporation
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
List of Tables
Table 1 Global bicycle market size estimates & forecasts 2017 - 2030 (USD Million)
Table 2 Global bicycle market, by region 2017 - 2030 (USD Million)
Table 3 Global bicycle market, by product, 2017 - 2030 (USD Million)
Table 4 Global bicycle market, by technology, 2017 - 2030 (USD Million)
Table 5 Global bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 6 Global bicycle market, by end use, 2017 - 2030 (USD Million)
Table 7 Mountain bikes market, by region 2017 - 2030 (USD Million)
Table 8 Hybrid bikes market, by region 2017 - 2030 (USD Million)
Table 9 Road bikes market, by region 2017 - 2030 (USD Million)
Table 10 Cargo bikes market, by region 2017 - 2030 (USD Million)
Table 11 Other bicycles market, by region 2017 - 2030 (USD Million)
Table 12 Electric bicycle market, by region 2017 - 2030 (USD Million)
Table 13 Conventional bicycle market, by region 2017 - 2030 (USD Million)
Table 14 Online bicycle market, by region 2017 - 2030 (USD Million)
Table 15 Offline bicycle market, by region 2017 - 2030 (USD Million)
Table 16 Men bicycle market, by region 2017 - 2030 (USD Million)
Table 17 Women bicycle market, by region 2017 - 2030 (USD Million)
Table 18 Kids bicycle market, by region 2017 - 2030 (USD Million)
Table 19 North America bicycle market, by product, 2017 - 2030 (USD Million)
Table 20 North America bicycle market, by technology, 2017 - 2030 (USD Million)
Table 21 North America bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 22 North America bicycle market, by end use, 2017 - 2030 (USD Million)
Table 23 U.S. bicycle market, by product, 2017 - 2030 (USD Million)
Table 24 U.S. bicycle market, by technology, 2017 - 2030 (USD Million)
Table 25 U.S. bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 26 U.S. bicycle market, by end use, 2017 - 2030 (USD Million)
Table 27 Canada bicycle market, by product, 2017 - 2030 (USD Million)
Table 28 Canada bicycle market, by technology, 2017 - 2030 (USD Million)
Table 29 Canada bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 30 Canada bicycle market, by end use, 2017 - 2030 (USD Million)
Table 31 Mexico bicycle market, by product, 2017 - 2030 (USD Million)
Table 32 Mexico bicycle market, by technology, 2017 - 2030 (USD Million)
Table 33 Mexico bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 34 Mexico bicycle market, by end use, 2017 - 2030 (USD Million)
Table 35 Europe bicycle market, by product, 2017 - 2030 (USD Million)
Table 36 Europe bicycle market, by technology, 2017 - 2030 (USD Million)
Table 37 Europe bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 38 Europe bicycle market, by end use, 2017 - 2030 (USD Million)
Table 39 UK bicycle market, by product, 2017 - 2030 (USD Million)
Table 40 UK bicycle market, by technology, 2017 - 2030 (USD Million)
Table 41 UK bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 42 UK bicycle market, by end use, 2017 - 2030 (USD Million)
Table 43 Germany bicycle market, by product, 2017 - 2030 (USD Million)
Table 44 Germany bicycle market, by technology, 2017 - 2030 (USD Million)
Table 45 Germany bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 46 Germany bicycle market, by end use, 2017 - 2030 (USD Million)
Table 47 France bicycle market, by product, 2017 - 2030 (USD Million)
Table 48 France bicycle market, by technology, 2017 - 2030 (USD Million)
Table 49 France bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 50 France bicycle market, by end use, 2017 - 2030 (USD Million)
Table 51 Italy bicycle market, by product, 2017 - 2030 (USD Million)
Table 52 Italy bicycle market, by technology, 2017 - 2030 (USD Million)
Table 53 Italy bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 54 Italy bicycle market, by end use, 2017 - 2030 (USD Million)
Table 55 Asia Pacific bicycle market, by product, 2017 - 2030 (USD Million)
Table 56 Asia Pacific bicycle market, by technology, 2017 - 2030 (USD Million)
Table 57 Asia Pacific bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 58 Asia Pacific bicycle market, by end use, 2017 - 2030 (USD Million)
Table 59 China bicycle market, by product, 2017 - 2030 (USD Million)
Table 60 China bicycle market, by technology, 2017 - 2030 (USD Million)
Table 61 China bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 62 China bicycle market, by end use, 2017 - 2030 (USD Million)
Table 63 India bicycle market, by product, 2017 - 2030 (USD Million)
Table 64 India bicycle market, by technology, 2017 - 2030 (USD Million)
Table 65 India bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 66 India bicycle market, by end use, 2017 - 2030 (USD Million)
Table 67 Japan bicycle market, by product, 2017 - 2030 (USD Million)
Table 68 Japan bicycle market, by technology, 2017 - 2030 (USD Million)
Table 69 Japan bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 70 Japan bicycle market, by end use, 2017 - 2030 (USD Million)
Table 71 Australia bicycle market, by product, 2017 - 2030 (USD Million)
Table 72 Australia bicycle market, by technology, 2017 - 2030 (USD Million)
Table 73 Australia bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 74 Australia bicycle market, by end use, 2017 - 2030 (USD Million)
Table 75 South Korea bicycle market, by product, 2017 - 2030 (USD Million)
Table 76 South Korea bicycle market, by technology, 2017 - 2030 (USD Million)
Table 77 South Korea bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 78 South Korea bicycle market, by end use, 2017 - 2030 (USD Million)
Table 79 Latin America bicycle market, by product, 2017 - 2030 (USD Million)
Table 80 Latin America bicycle market, by technology, 2017 - 2030 (USD Million)
Table 81 Latin America bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 82 Latin America bicycle market, by end use, 2017 - 2030 (USD Million)
Table 83 Brazil bicycle market, by product, 2017 - 2030 (USD Million)
Table 84 Brazil bicycle market, by technology, 2017 - 2030 (USD Million)
Table 85 Brazil bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 86 Brazil bicycle market, by end use, 2017 - 2030 (USD Million)
Table 87 MEA bicycle market, by product, 2017 - 2030 (USD Million)
Table 88 MEA bicycle market, by technology, 2017 - 2030 (USD Million)
Table 89 MEA bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 90 MEA bicycle market, by end use, 2017 - 2030 (USD Million)
Table 91 UAE bicycle market, by product, 2017 - 2030 (USD Million)
Table 92 UAE bicycle market, by technology, 2017 - 2030 (USD Million)
Table 93 UAE bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 94 UAE bicycle market, by end use, 2017 - 2030 (USD Million)
Table 95 Saudi Arabia bicycle market, by product, 2017 - 2030 (USD Million)
Table 96 Saudi Arabia bicycle market, by technology, 2017 - 2030 (USD Million)
Table 97 Saudi Arabia bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 98 Saudi Arabia bicycle market, by end use, 2017 - 2030 (USD Million)
Table 99 South Africa bicycle market, by product, 2017 - 2030 (USD Million)
Table 100 South Africa bicycle market, by technology, 2017 - 2030 (USD Million)
Table 101 South Africa bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 102 South Africa bicycle market, by end use, 2017 - 2030 (USD Million)
List of Figures
Fig. 1 Bicycle market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot, by product
Fig. 8 Segment snapshot, by technology
Fig. 9 Segment snapshot by distribution channel
Fig. 10 Segment snapshot by end use
Fig. 11 Competitive landscape snapshot
Fig. 12 Bicycle market value, 2017–2030 (USD Million)
Fig. 13 Bicycle market - Industry value chain analysis
Fig. 14 Bicycle market - Market trends
Fig. 15 Bicycle market: Porter’s analysis
Fig. 16 Bicycle market: PESTEL analysis
Fig. 17 Bicycle market, by product: Key takeaways
Fig. 18 Bicycle market, by product: Market share, 2024 & 2030
Fig. 19 Mountain bikes market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 20 Hybrid bikes market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 21 Road bikes market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 22 Cargo bikes market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 23 Other bicycles market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 24 Bicycle market, by technology: Key takeaways
Fig. 25 Bicycle market, by technology: Market share, 2024 & 2030
Fig. 26 Electric bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 27 Conventional bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 28 Bicycle market, by distribution channel: Key takeaways
Fig. 29 Bicycle market, by distribution channel: Market share, 2024 & 2030
Fig. 30 Online bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 31 Offline bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 32 Bicycle market, by end use: Key takeaways
Fig. 33 Bicycle market, by end use: Market share, 2024 & 2030
Fig. 34 Men bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 35 Women bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 36 Kids bicycle market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 37 Global bicycle frames market revenue, by region, 2024 & 2030, (USD Million)
Fig. 38 North America bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 39 U.S. bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 40 Canada bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41 Mexico bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42 Europe bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43 UK bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44 Germany bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45 France bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46 Italy bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47 Asia Pacific bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48 China bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49 India bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 50 Japan bicycle frames Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 51 Australia bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 52 South Korea bicycle frames Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 53 Latin America bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 54 Brazil bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 55 Middle East & Africa bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 56 UAE bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 57 Saudi Arabia bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 58 South Africa bicycle frames market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 59 Key company categorization
Fig. 60 Bicycle market - Key company market share analysis, 2024
Fig. 61 Strategic framework
Market Segmentation
Report content
Qualitative Analysis
Quantitative Analysis
Research Methodology
Grand View Research employs a comprehensive and iterative research methodology focused on minimizing deviance to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market-leading companies
• Raw material suppliers
• Product distributors
• Buyers
The key objectives of primary research are as follows:
• To validate our data in terms of accuracy and acceptability
• To gain an insight into the current market and future expectations
Data Collection Matrix
Perspective |
Primary research |
Secondary research |
Supply-side |
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Demand-side |
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Industry Analysis Matrix
Qualitative analysis |
Quantitative analysis |
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