Bike Market, By Type, By Design, By Technology, By Distribution Channel, By End Users,By Geography

Description

Global Bike Market is estimated to be valued at USD 63 Bn in 2025 and is expected to reach USD 125 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.28% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 63 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	10.28%	2032 Value Projection:	USD 125 Bn

It has witnessed significant growth in recent years, driven by increasing environmental concerns, urbanization, and the need for sustainable transportation solutions. Bicycles are emerging as a popular alternative to traditional motorized vehicles, offering numerous benefits such as reduced carbon emissions, improved health and fitness, and cost-effectiveness.

The market encompasses various types of bikes, including road bikes, mountain bikes, hybrid bikes, and electric bikes, catering to a wide range of consumer preferences and riding styles. As governments worldwide implement policies to promote cycling infrastructure and encourage bicycle commuting, the bike market is poised for further expansion in the coming years.

Market Dynamics:

One of the primary drivers is the growing awareness about the environmental impact of motorized vehicles, leading to a shift towards eco-friendly transportation options like bicycles. Additionally, increasing health consciousness among consumers has fueled the demand for bikes as a means of exercise and fitness.

Urbanization and traffic congestion in cities have also contributed to the growth of the bike market, as bicycles offer a convenient and efficient way to navigate through crowded streets. However, the market faces certain restraints, such as the lack of proper cycling infrastructure in many regions, safety concerns, and the availability of alternative modes of transportation.

Despite these challenges, the bike market presents significant opportunities for growth, including the rising popularity of e-bikes, which combine the benefits of traditional bicycles with electric power assistance. The integration of advanced technologies, such as lightweight materials, smart features, and connected devices, is also expected to drive innovation and attract new customers to the market.

Key Features of the Study:

This report provides in-depth analysis of the bike market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It highlights potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the bike market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Garri Bike, Merida Industry Co., Ltd, Axalko Bikes, Dorel Industries Inc., BH Bikes, Accell Group, Giant Bicycles, Avon Cycles Ltd., Atlas Cycles (Haryana) Ltd., Orbea, Mammoth Bikes, Hagen Bikes, Cervelo, Trek Bicycle Corporation, Egurra Bikes, Specialized Bicycle Components, Inc., SCOTT Sports SA, and TI Cycles of India.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the bike market

Market Segmentation

Type Insights
- Mountain Bikes
- Hybrid Bikes
- Cargo Bikes
- Road Bikes
- Others
Design Insights
- Folding
- Regular
Technology Insights
- Electric
- Conventional
Distribution Channel Insights
- Online
- Offline
End Users Insights
- Men
- Women
- Kids
Regional Insights
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Garri Bike
- Merida Industry Co., Ltd
- Axalko Bikes
- Dorel Industries Inc.
- BH Bikes
- Accell Group
- Giant Bicycles
- Avon Cycles Ltd.
- Atlas Cycles (Haryana) Ltd.
- Orbea
- Mammoth Bikes
- Hagen Bikes
- Cervelo
- Trek Bicycle Corporation
- Egurra Bikes
- Specialized Bicycle Components, Inc.
- SCOTT Sports SA
- TI Cycles of India

Product Code: CMI7919

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Bike Market, By Type
- Global Bike Market, By Design
- Global Bike Market, By Technology
- Global Bike Market, By Distribution Channel
- Global Bike Market, By End Users
- Global Bike Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Bike Market, By Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Mountain Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Hybrid Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Cargo Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Road Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Bike Market, By Design, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Folding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Regular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Bike Market, By Technology, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Electric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

7. Global Bike Market, By Distribution Channel, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Offline
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

8. Global Bike Market, By End Users, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Men
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Women
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Kids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

9. Global Bike Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Design, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By End Users, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - North Africa
  - South Africa
  - Central Africa

10. Competitive Landscape

Garri Bike
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Merida Industry Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Axalko Bike
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dorel Industries Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BH Bikes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Accell Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Giant Bicycles
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Avon Cycles Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Atlas Cycles (Haryana) Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Orbea
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mammoth Bikes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hagen Bikes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cervelo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Trek Bicycle Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Egurra Bikes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Specialized Bicycle Components, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SCOTT Sports SA
- Company Highlights
- Product Portfoli
- Key Developments
- Financial Performance
- Strategies
TI Cycles of India
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

11. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. References and Research Methodology

References
Research Methodology
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