About Market Research Forecast

MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.

Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.

About Market Research Forecast

Bicycle Market

Bicycle Market Is Set To Reach USD Billion By 2033, Growing At A CAGR Of 11.0

Bicycle Market by Technology (Electric, Conventional), by Type (Mountain, Road, Hybrid, Cargo, Others), by End User (Men, Women, Kids), by Design (Folding, Regular), by Distribution Channel (Offline, Online), by North America (U.S., Canada, Mexico) Forecast 2026-2034

Feb 12 2025

Base Year: 2025

180 Pages

Bicycle Market Is Set To Reach USD Billion By 2033, Growing At A CAGR Of 11.0

Key Insights

The Bicycle Market size was valued at USD 101.92 USD Billion in 2023 and is projected to reach USD 211.60 USD Billion by 2032, exhibiting a CAGR of 11.0 % during the forecast period. A bicycle is made of lightweight materials; a bicycle can also refer to any type of bike that is used for road trips. It is designed for road use and other applications. Many fitness enthusiasts turned to bicycling as an alternative to closed gyms. Some of the different types of bicycle racing are road riding, time trailing, cyclo-cross, mountain biking, street cycling, BMX, and cycle speedway. Non-racing cycling events include artistic riding, cycle polo, freestyle BMX, and mountain bike trials. The materials used in bicycles are steel, aluminum, titanium, carbon fiber, leather, synthetic, natural fibers, and others. Increasing awareness of the health benefits of cycling, including cardiovascular fitness, weight management, and stress reduction, is driving demand for bicycles as a form of exercise and physical activity. As individuals prioritize health and wellness, cycling becomes a popular choice for both recreational and fitness-oriented purposes.

Bicycle Trends

Growing urban population
Rising awareness of health and fitness
Increasing environmental concerns
Adoption of e-bikes for commuting

Bicycle Market Market Size and Forecast (2024-2030) — Bicycle Market Company Market Share

Driving Forces: What's Propelling the Bicycle Market

Government initiatives to promote cycling, including infrastructure development and tax incentives
Technological advancements, such as lightweight materials, electric motors, and improved braking systems
Expansion of cycling infrastructure, including dedicated bike lanes, trails, and secure storage facilities
Increasing disposable income and the rise of leisure cycling as a lifestyle choice

Challenges and Restraints in Bicycle Market

Competition from alternative modes of transportation, such as cars, public transit, and ride-sharing services
Lack of infrastructure in rural and underserved areas, making cycling less accessible and safe
Safety concerns related to traffic congestion, road conditions, and reckless driving
Rising raw material costs, which can lead to higher production and retail prices

Emerging Trends in Bicycle

Integration of smart technology into bikes
Rise of bike-sharing and rental services
Developing countries emerging as manufacturing hubs

Growth Catalysts in Bicycle Industry

Technological advancements: The introduction of e-bikes, hybrid bikes, and other innovative products has expanded the target audience and made cycling more accessible.
Increased health consciousness: Growing awareness of the health benefits of cycling has fueled its popularity as a form of exercise and recreation.
Environmental concerns: Bicycles are perceived as an eco-friendly transportation option, reducing carbon emissions and promoting sustainable practices.
Government initiatives: Many governments are implementing policies and investing in infrastructure to promote cycling, such as bike lanes and cycling programs.
Changing urban landscapes: Increasing urbanization and congestion have led to a rise in the use of bicycles for commuting and short-distance travel.

Market Segmentation: Bicycle Analysis

Technology:

Electric
Conventional

End-User:

Men
Women
Kids

Type:

Mountain
Road
Hybrid
Others

Design:

Folding
Regular

Leading Players in the Bicycle Market

Significant developments in Bicycle Sector

Introduction of self-driving bikes
Development of aerodynamic and lightweight materials
Partnerships between bike manufacturers and technology companies

Comprehensive Coverage Bicycle Market Report

Pricing Strategies:

Analysis of pricing models and competitive landscape

DROCs:

Detailed analysis of drivers, restraints, opportunities, and challenges

Segmentation:

In-depth market segmentation based on technology, end-user, type, and design

SWOT Analysis:

Comprehensive SWOT analysis of key players and the overall market

Geographic Coverage of Bicycle Market

Higher Coverage

Lower Coverage

No Coverage

Bicycle Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 11.0% from 2020-2034
Segmentation	By Technology Electric Conventional By Type Mountain Road Hybrid Cargo Others By End User Men Women Kids By Design Folding Regular By Distribution Channel Offline Online By Geography North America U.S. Canada Mexico

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1 Increasing Demand for Forged Products in Power
    - 3.2.2 Agriculture
    - 3.2.3 Aerospace
    - 3.2.4 and Defense to Drive Industry Expansion
- - 3.3. Market Restrains
  - - 3.3.1. Availability of Alternative Transport Solutions to Hamper Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Bicycle Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Technology
  - 5.1.1. Electric
  - 5.1.2. Conventional
- 5.2. Market Analysis, Insights and Forecast - by Type
  - 5.2.1. Mountain
  - 5.2.2. Road
  - 5.2.3. Hybrid
  - 5.2.4. Cargo
  - 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - by End User
  - 5.3.1. Men
  - 5.3.2. Women
  - 5.3.3. Kids
- 5.4. Market Analysis, Insights and Forecast - by Design
  - 5.4.1. Folding
  - 5.4.2. Regular
- 5.5. Market Analysis, Insights and Forecast - by Distribution Channel
  - 5.5.1. Offline
  - 5.5.2. Online
- 5.6. Market Analysis, Insights and Forecast - by Region
  - 5.6.1. North America
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Hero Cycles Ltd. (India)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Merida Industry Co. Ltd. (Taiwan)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Orbea (Spain)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Trek Bicycle Corporation (U.S.)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Giant Bicycles (Taiwan)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Accell Group (Netherlands)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Mobility Holdings Ltd. (Taiwan)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Derby Cycles (Germany)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Pon Holdings B.V. (Netherlands)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Brompton Bicycle Inc. (U.K.)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Bicycle Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
Figure 2: Global Bicycle Market Volume Breakdown (Units, %) by Region 2025 & 2033
Figure 3: North America Bicycle Market Revenue (USD Billion), by Technology 2025 & 2033
Figure 4: North America Bicycle Market Volume (Units), by Technology 2025 & 2033
Figure 5: North America Bicycle Market Revenue Share (%), by Technology 2025 & 2033
Figure 6: North America Bicycle Market Volume Share (%), by Technology 2025 & 2033
Figure 7: North America Bicycle Market Revenue (USD Billion), by Type 2025 & 2033
Figure 8: North America Bicycle Market Volume (Units), by Type 2025 & 2033
Figure 9: North America Bicycle Market Revenue Share (%), by Type 2025 & 2033
Figure 10: North America Bicycle Market Volume Share (%), by Type 2025 & 2033
Figure 11: North America Bicycle Market Revenue (USD Billion), by End User 2025 & 2033
Figure 12: North America Bicycle Market Volume (Units), by End User 2025 & 2033
Figure 13: North America Bicycle Market Revenue Share (%), by End User 2025 & 2033
Figure 14: North America Bicycle Market Volume Share (%), by End User 2025 & 2033
Figure 15: North America Bicycle Market Revenue (USD Billion), by Design 2025 & 2033
Figure 16: North America Bicycle Market Volume (Units), by Design 2025 & 2033
Figure 17: North America Bicycle Market Revenue Share (%), by Design 2025 & 2033
Figure 18: North America Bicycle Market Volume Share (%), by Design 2025 & 2033
Figure 19: North America Bicycle Market Revenue (USD Billion), by Distribution Channel 2025 & 2033
Figure 20: North America Bicycle Market Volume (Units), by Distribution Channel 2025 & 2033
Figure 21: North America Bicycle Market Revenue Share (%), by Distribution Channel 2025 & 2033
Figure 22: North America Bicycle Market Volume Share (%), by Distribution Channel 2025 & 2033
Figure 23: North America Bicycle Market Revenue (USD Billion), by Country 2025 & 2033
Figure 24: North America Bicycle Market Volume (Units), by Country 2025 & 2033
Figure 25: North America Bicycle Market Revenue Share (%), by Country 2025 & 2033
Figure 26: North America Bicycle Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Bicycle Market Revenue USD Billion Forecast, by Technology 2020 & 2033
Table 2: Global Bicycle Market Volume Units Forecast, by Technology 2020 & 2033
Table 3: Global Bicycle Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 4: Global Bicycle Market Volume Units Forecast, by Type 2020 & 2033
Table 5: Global Bicycle Market Revenue USD Billion Forecast, by End User 2020 & 2033
Table 6: Global Bicycle Market Volume Units Forecast, by End User 2020 & 2033
Table 7: Global Bicycle Market Revenue USD Billion Forecast, by Design 2020 & 2033
Table 8: Global Bicycle Market Volume Units Forecast, by Design 2020 & 2033
Table 9: Global Bicycle Market Revenue USD Billion Forecast, by Distribution Channel 2020 & 2033
Table 10: Global Bicycle Market Volume Units Forecast, by Distribution Channel 2020 & 2033
Table 11: Global Bicycle Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 12: Global Bicycle Market Volume Units Forecast, by Region 2020 & 2033
Table 13: Global Bicycle Market Revenue USD Billion Forecast, by Technology 2020 & 2033
Table 14: Global Bicycle Market Volume Units Forecast, by Technology 2020 & 2033
Table 15: Global Bicycle Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 16: Global Bicycle Market Volume Units Forecast, by Type 2020 & 2033
Table 17: Global Bicycle Market Revenue USD Billion Forecast, by End User 2020 & 2033
Table 18: Global Bicycle Market Volume Units Forecast, by End User 2020 & 2033
Table 19: Global Bicycle Market Revenue USD Billion Forecast, by Design 2020 & 2033
Table 20: Global Bicycle Market Volume Units Forecast, by Design 2020 & 2033
Table 21: Global Bicycle Market Revenue USD Billion Forecast, by Distribution Channel 2020 & 2033
Table 22: Global Bicycle Market Volume Units Forecast, by Distribution Channel 2020 & 2033
Table 23: Global Bicycle Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 24: Global Bicycle Market Volume Units Forecast, by Country 2020 & 2033
Table 25: U.S. Bicycle Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 26: U.S. Bicycle Market Volume (Units) Forecast, by Application 2020 & 2033
Table 27: Canada Bicycle Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 28: Canada Bicycle Market Volume (Units) Forecast, by Application 2020 & 2033
Table 29: Mexico Bicycle Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 30: Mexico Bicycle Market Volume (Units) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Bicycle Market?

The projected CAGR is approximately 11.0%.

2. Which companies are prominent players in the Bicycle Market?

Key companies in the market include Hero Cycles Ltd. (India), Merida Industry Co., Ltd. (Taiwan), Orbea (Spain), Trek Bicycle Corporation (U.S.), Giant Bicycles (Taiwan), Accell Group (Netherlands), Mobility Holdings, Ltd. (Taiwan), Derby Cycles (Germany), Pon Holdings B.V. (Netherlands), Brompton Bicycle Inc. (U.K.).

3. What are the main segments of the Bicycle Market?

The market segments include Technology, Type, End User, Design, Distribution Channel.

4. Can you provide details about the market size?

The market size is estimated to be USD 101.92 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.

6. What are the notable trends driving market growth?

Rising Adoption of Automation in Manufacturing to Drive Market Growth.

7. Are there any restraints impacting market growth?

Availability of Alternative Transport Solutions to Hamper Market Growth.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in Units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Bicycle Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Bicycle Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Bicycle Market?

To stay informed about further developments, trends, and reports in the Bicycle Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Get Free Sample

Pre Order Enquiry Request discount

Pricing

Tailored for you

In-depth Analysis Tailored to Specified Regions or Segments
Company Profiles Customized to User Preferences
Comprehensive Insights Focused on Specific Segments or Regions
Customized Evaluation of Competitive Landscape to Meet Your Needs
Tailored Customization to Address Other Specific Requirements

Ask for customization

The response was good, and I got what I was looking for as far as the report. Thank you for that.

Erik Perison

US TPS Business Development Manager at Thermon

As requested- presale engagement was good, your perseverance, support and prompt responses were noted. Your follow up with vm’s were much appreciated. Happy with the final report and post sales by your team.

Shankar Godavarti

Global Product, Quality & Strategy Executive- Principal Innovator at Donaldson

I have received the report already. Thanks you for your help.it has been a pleasure working with you. Thank you againg for a good quality report