Bicycle Market, By Product Type (Sports, Road, Mountain, and Hybrid), By Technology, By End-User, By Prices, By Geography

Description

The global bicycle market was valued for US$ 62.4 Bn in 2022, is expected to exhibit a CAGR of 9.2% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 66.9 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	9.20%	2030 Value Projection:	US$ 123.81 Bn

Global Bicycle Market Share (%), By Region, 2022

A bicycle is a human-powered or pedal-driven vehicle with two wheels attached to a frame. Bicycles are used for various purposes, including sports, the daily commute, and adventure sports. There are different types of bicycles available on the market, including mountain bikes, road bikes, sports bikes, and hybrid bikes. Although bicycles have been used since the 19th century, they have evolved massively over the years with the production of lighter and faster bikes. Different accessories are now being added to bicycles, such as luggage carriers, front-mounted baskets, child seats, training wheels, etc.

Market Dynamics

Metropolitan areas across the globe are witnessing a surge in the popularity of electric bicycles (e-bikes). This trend is not limited to any specific continent but is spreading worldwide. One of the driving forces behind this trend is the escalating operating and maintenance costs associated with gasoline vehicles. Consequently, individuals are increasingly favoring electric bikes for their daily commutes, contributing to the growth of the e-bike market.

This ongoing trend of embracing electric bicycles is expected to remain robust and flourish in the long term. Growing environmental awareness, coupled with strict emission regulations, has led consumers to opt for e-bikes as an eco-friendly and efficient mode of transportation. Furthermore, government incentives such as tax benefits and subsidies for e-bike purchases are anticipated to further boost demand in the coming years.

Key features of the study:

This report provides an in-depth analysis of the global bicycle market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030 ), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global bicycle market based on the following parameters-regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global bicycle market include Giant Bicycle Inc., Samchuly Bicycle Co., Ltd., Atlas Cycles Ltd., Tandem Group plc, Derby Cycle, Merida Industry Co. Ltd., Avon Cycles Ltd., Dorel Industries Inc., Trek Bicycle Corporation, Xiaomi, Accell Group, Zhonglu Co. Ltd., and Tube Investment of India Limited
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
Global bicycle market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global bicycle market

Detailed Segmentation

Global Bicycle Market, By Product Type:
- Sports
- Road
- Mountain
- Hybrid(Sports+ Mountain)
Global Bicycle Market, By Technology:
- Electric
- Conventional
Global Bicycle Market, By End-User:
- Men
- Women
- Kids
Global Bicycle Market, By Prices:
- Premium
- Mid-Range
- Low Range
Global Bicycle Market , By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profiles
- Accell Group
- Atlas Cycles Ltd.
- Avon Cycles Ltd.
- Derby Cycle
- Dorel Industries Inc.
- Giant Bicycle Inc.
- Merida Industry Co. Ltd.
- Samchuly Bicycle Co., Ltd.
- Tandem Group plc,
- Trek Bicycle Corporation
- Tube Investment of India Limited
- Xiaomi
- Zhonglu Co. Ltd.

Product Code: CMI3910

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Technology
- Market Snippet, By End-User
- Market Snippet, By Prices
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing awareness among consumers regarding health benefits of bicycle
Significant increase in oil prices and rising need to prevent natural resources
- Restraints
Unsuitability of long distances
Lack of dedicated cycling tracks
- Market Opportunities
Constantly Increasing Demand for Cleaner and Faster Mode of Transportation
High Growth of Tourism Industry
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Bicycle Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Bicycle Market, By Product Type, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Sports
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Road
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Mountain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Hybrid(Sports+ Mountain)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

6. Global Bicycle Market, By Technology, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Electric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

7. Global Bicycle Market, By End-User, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Men
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Women
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Kids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

8. Global Bicycle Market, By Prices, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends Market Share Analysis, 2023 and 2030 (%)
Premium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Mid-Range
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Low Range
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

9. Global Bicycle Market, By Region, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, By End-User, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Prices, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, By End-User, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Prices, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Country, 2018-2030, (US$ Billion)
U.K.
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, By End-User, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Prices, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Country, 2018-2030, (US$ Billion)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, By End-User, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Prices, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Country, 2018-2030, (US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, By End-User, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Prices, 2018-2030, (US$ Billion)
- Market Size and Forecast, By Country/Region, 2018-2030, (US$ Billion)
South Africa
GCC Countries
Rest of the Middle East & Africa

10. Competitive Landscape

Company Profiles
- Accell Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Atlas Cycles Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Avon Cycles Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Derby Cycle
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Dorel Industries Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Giant Bicycle Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Merida Industry Co. Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Samchuly Bicycle Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Tandem Group plc,
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Trek Bicycle Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Tube Investment of India Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Xiaomi
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
- Zhonglu Co. Ltd.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Analyst Views

11. Section

References
Research Methodology
About us and Sales Contact