The global bicycle market is projected to surpass US$ 180 billion by 2030 from US$ 101.99 billion in 2022 and expand growth at a CAGR of 7.36% from 2022 to 2030.
What are the key trends in the Global Bicycle Market?
Rise in the number of cycling events is a major trend in the market which is expected to accelerate the growth of the market during the forecast period. For instance, Cycling Ireland is an event that promotes leisure cycling, racing, and touring. Irish Sports Council stated that Sport Ireland made an investment of EUR 440 thousand in 2019 towards Cycling Ireland. This event promotes the adoption of cycling among the population in Ireland. Furthermore, the rising media coverage and celebrity endorsements are significantly influencing the population to indulge in cycling for its health benefits and fitness. Therefore, the rising awareness among the population regarding the advantages of cycling and rising number of cycling events across the globe are the major trends that are expected to drive the growth of the global bicycle market in the foreseeable future.
What are the key challenges in the Global Bicycle Market?
The rising number of road traffic accidents in the big market like Asia Pacific and the lack of bicycle-friendly infrastructure in several nations are the major challenges faced by the manufacturers that may restrict the adoption of the bicycles among the people. According to the World Health Organization, around 93% of the road accidents occur in the low and middle income countries. Furthermore, the availability of alternatives to commute and various other mediums to indulge in fitness activities may hamper the adoption of the bicycles. The youth population are more inclined towards the gyms and fitness centers to stay active and fit and may refrain themselves from indulging in cycling activities, which may hamper the growth of the bicycle market during the forecast period.
| Report Coverage | Details |
| Market Size by 2030 | USD 180 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.36% |
| Asia Pacific Market Share in 2021 | 31% |
| Road Bicycle Segment Market Share in 2021 | 41% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Product, Technology, Distribution Channel, End User, Price, Geography |
Approximately 30% of the Global Bicycle Market Captured by Asia Pacific
Asia Pacific is the home to the largest population of the globe. The presence of huge consumer base, rising health awareness, growing obese population, rising disposable income, presence of several leading manufacturers of bicycles, and rising government expenditure towards the development of bicycle-friendly infrastructure are the prominent drivers of the bicycle market in Asia Pacific region. The nations like Japan, Singapore, and China are aggressively investing in building the infrastructure to promote bicycle commutation for short distances. Furthermore, the growing adoption of the electric bicycles among the people for its convenience and easy commute for long distances is boosting the demand for the electric bicycles. The rising popularity of the dockless bicycle sharing systems in the Asia Pacific region is expected to further fuel the growth of the market during the forecast period. The rising awareness among the population to stay healthy, active, and fit is boosting the adoption of bicycles as a convenient form of leisure activity and exercise. Therefore, the Asia Pacific bicycle market is expected to remain dominant throughout the forecast period.
Europe Forecast the Strongest Growth Rate of 10.5% during the Forecast Year (2022-2030)
The increased awareness among the European population regarding the benefits of cycling is driving the growth of the bicycle market. The rising popularity of cycling as sports and growing number of cycling events in the region is expected to foster the market growth. The events like Ronde van Vlaanderenare and Tour de France are the most popular cycling events in Europe. The countries like France, Italy, Denmark, and Belgium are heavily investing in the development of cycling infrastructure which is expected to boost the demand for the bicycles in Europe in the upcoming future.
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Some of the prominent players in the global bicycle market include:
Market Segmentation
By Product
By Technology
By Distribution Channel
By End User
By Price
By Geography
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Bicycle Market
5.1. COVID-19 Landscape: Bicycle Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Bicycle Market, By Product Type
8.1. Bicycle Market, by Product Type, 2022-2030
8.1.1. Hybrid Bikes
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Mountain Bikes
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Cargo Bikes
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Road Bikes
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. All Terrain Bicycle
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. E-bicycle
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Bicycle Market, By Distribution Channel Type
9.1. Bicycle Market, by Distribution Channel Type, 2022-2030
9.1.1. Online
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Offline
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Bicycle Market, By Technology Type
10.1. Bicycle Market, by Technology Type, 2022-2030
10.1.1. Conventional
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Electric
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Bicycle Market, By End User Type
11.1. Bicycle Market, by End User Type, 2022-2030
11.1.1. Men
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Women
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Kids
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Bicycle Market, By Price Type
12.1. Bicycle Market, by Price, 2022-2030
12.1.1. Premium
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Mid Range
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Low Range
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Bicycle Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by End User (2017-2030)
13.1.5. Market Revenue and Forecast, by Price (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by End User (2017-2030)
13.1.7. Market Revenue and Forecast, by Price (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by End User (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Price (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by End User (2017-2030)
13.2.5. Market Revenue and Forecast, by Price (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by End User (2017-2030)
13.2.8. Market Revenue and Forecast, by Price (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by End User (2017-2030)
13.2.11. Market Revenue and Forecast, by Price (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by End User (2017-2030)
13.2.13. Market Revenue and Forecast, by Price (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by End User (2017-2030)
13.2.15. Market Revenue and Forecast, by Price (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by End User (2017-2030)
13.3.5. Market Revenue and Forecast, by Price (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by End User (2017-2030)
13.3.7. Market Revenue and Forecast, by Price (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by End User (2017-2030)
13.3.9. Market Revenue and Forecast, by Price (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by End User (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Price (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by End User (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Price (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by End User (2017-2030)
13.4.5. Market Revenue and Forecast, by Price (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by End User (2017-2030)
13.4.7. Market Revenue and Forecast, by Price (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by End User (2017-2030)
13.4.9. Market Revenue and Forecast, by Price (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by End User (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Price (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by End User (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Price (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by End User (2017-2030)
13.5.5. Market Revenue and Forecast, by Price (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by End User (2017-2030)
13.5.7. Market Revenue and Forecast, by Price (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by End User (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Price (2017-2030)
Chapter 14. Company Profiles
14.1. Trek Bicycle Corporation
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Accell group
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. SCOTT Sports SA
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Atlas Cycles Ltd.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Specialized Bicycles Components, Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Avon Cycles Ltd.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Merida Industry Co. Ltd.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Cervelo
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Giant Bicycles
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Dorel Industries Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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