Bicycle Market Size, Share, and Forecast Outlook 2025 to 2035

The global bicycle market is projected to grow from USD 72.5 billion in 2025 to USD 112.4 billion by 2035, reflecting a CAGR of 4.5%. Factors driving this growth include increasing demand for eco-friendly transportation, rising health and fitness trends, and technological advancements, particularly in electric bicycles. Additionally, supportive government policies promoting cycling as an alternative transportation mode in urban areas are contributing to the market's expansion.

Quick Stats of Bicycle Market

  • Market Value (2025): USD 72.5 billion
  • Forecast Value (2035): USD 112.4 billion
  • Forecast CAGR: 4.5%
  • Product Leader in 2025: Comfort Bicycles (30% market share)
  • Top Distribution Channel: Online Retail (expanding rapidly)
  • Key Growth Region: South Korea (fastest-growing market with 8.5% CAGR)

Bicycle Market

Market Attribute Value
Market Size in 2025 USD 72.5 billion
Market Size in 2035 USD 112.4 billion
CAGR (2025 to 2035) 4.5%

The market sees multiple opportunities across countries and segment. The USA is projected to have the largest market share in the bicycle industry. South Korea is expected to be the fastest-growing market, with an 8.5% CAGR. Comfort bicycles will dominate the product type segment with a 30% market share by 2025. Electric bicycles are expected to lead the technology segment with a 40% share in 2025. Low-range bicycles will lead the price segment with a 35% share. Giant Bicycles is the leading company in the global bicycle market, holding an 8.2% market share.

In 2025, the global bicycle industry is facing significant challenges. Brompton Bicycle reported a drastic 99% drop in profits, largely due to oversupply and aggressive discounting within the market. Additionally, Kent International halted bicycle imports from China because of the unsustainable costs caused by USA tariffs.

Tony Karklins, CEO of Time Bicycles, emphasized the fragmented nature of the industry, stating, "The bike industry is not very close-knit no one's sharing, you know, the pressures that they have." This lack of collaboration and data sharing among industry players is contributing to the current financial difficulties. Despite these setbacks, the industry is slowly showing signs of recovery, with experts predicting a rebound driven by the growing demand for eco-friendly transportation solutions and cycling as a sustainable mode of transport.

Analyzing Bicycle Market by Top Investment Segments

Comfort bicycles will lead the product type segment with a 30% share, while electric bicycles will dominate the technology segment with a 40% market share in 2025, driven by demand for eco-friendly transportation solutions.

Comfort Bicycles Lead the Product Type Segment with 30% Market Share

Comfort bicycles will dominate the product type segment with a 30% share in 2025.

Bicycle Market Analysis By Product Type

  • Designed for leisure and casual riders, comfort bikes offer ergonomic features such as cushioned seats, shock-absorbing frames, and easy handling. This makes them ideal for urban commuters, retirees, and recreational cyclists.
  • As the market for cycling grows globally, especially in urban areas, the demand for comfort bicycles is rising. They are highly sought after for daily short distance commuting and recreational rides. Major bicycle manufacturers like Trek, Schwinn, and Specialized offer a range of comfort bikes designed for effortless cycling and convenient use in varied environments.

Electric Bicycles Dominate the Technology Segment with 40% Market Share

Electric bicycles (e-bikes) are expected to capture 40% of the technology segment by 2025.

Bicycle Market Analysis By Technology

  • Powered by electric motors, these bikes provide pedal assistance, making them an ideal solution for people looking for eco-friendly transportation. E-bikes are increasingly becoming popular in cities where traffic congestion is a concern and environmental sustainability is prioritized.
  • The demand for e-bikes is also being driven by the aging population and individuals with physical limitations seeking an alternative to traditional cycling. Leading manufacturers such as Rad Power Bikes, Bosch, and Giant are expanding their e-bike offerings with more powerful motors and improved battery life, making these bikes more accessible and attractive to consumers.

Low-Range Bicycles Lead the Price Segment with 35% Market Share

The low-range bicycle segment is expected to capture 35% of the market share by 2025. These bicycles are an affordable option for budget-conscious consumers and are typically chosen by first-time buyers or individuals seeking a basic mode of transportation.

  • Low-range bicycles are widely used for short-distance commuting, exercise, and recreational cycling. Low-range bicycles usually feature simpler designs without high-end components, which keeps the price point lower.
  • Brands like Huffy, Mongoose, and Schwinn dominate the low-range bicycle market, providing durable yet economical options that cater to a wide audience, particularly in emerging markets where affordability is a priority.

Men’s Segment Leads the End-User Market with 50% Market Share

Men will dominate the end-user segment of the bicycle market, holding 50% of the market share by 2025.

  • Men have been the largest consumer group in the cycling industry, and they continue to make up the bulk of bicycle sales. Men typically gravitate toward performance-oriented bicycles like road bikes and mountain bikes, which offer high speed and durability.
  • The demand for bicycles among men is diversifying, with increasing popularity of comfort bikes, e-bikes, and hybrid bikes. Leading brands such as Trek, Cannondale, and Specialized cater to men’s preferences by offering high-performance and innovative bicycles designed for various uses, from sports to casual cycling.

Top Bicycle Market Dynamics

The global bicycle market is experiencing significant growth, driven by increasing demand for eco-friendly transportation, fitness trends, and advancements in bicycle technology. However, the market also faces challenges such as rising material costs and infrastructure limitations.

Recent Trends in the Bicycle Industry

  • E-Bikes are on the rise as more people turn to electric options for urban commuting and environmental benefits.
  • Gravel bikes are becoming increasingly popular as enthusiasts seek versatile bikes for both on-road and off-road adventures.
  • Sustainability is a key focus with many manufacturers opting for eco-friendly materials such as bamboo and recycled metals.
  • Customization is growing in demand as consumers desire unique bicycles tailored to their preferences and needs.
  • Online retail is expanding with more consumers purchasing high-end bikes through digital platforms.
  • Bike-sharing programs are thriving, offering convenient and flexible mobility options in urban centers.

Challenges in the Bicycle Market

  • Supply chain disruptions are causing delays and shortages of components, affecting production timelines.
  • Market saturation is occurring as post-pandemic demand stabilizes, leading to excess inventory and price reductions.
  • Economic pressures are affecting consumer purchasing power, resulting in lower spending on bicycles.

Analyzing Top Countries Formulating, Distributing, and Supplying Bicycle Market Growth

The bicycle market is expanding globally, fueled by rising health awareness, sustainability trends, and technological advancements. Leading countries in manufacturing, distribution, and innovation include the United States, United Kingdom, Germany, South Korea, and India.

Country Wise Analysis Of Bicycle Market Cagr 2025 To 2035

An Overview of USA Bicycle Market Growth

The USA bicycle market is expected to expand at a CAGR of 8.6% from 2025 to 2035, supported by a surge in cycling culture and eco-conscious transportation. Companies like Trek, Specialized, and Giant dominate the market, catering to both recreational and e-bike consumers. Technological advancements are a key driver, with a growing shift toward electric bikes.

  • Growing awareness of health and fitness among the population.
  • Robust government support for eco-friendly transportation.
  • Expansion of online sales channels for bicycle distribution.
  • Increasing popularity of cycling as a form of exercise.
  • Major players like Trek, Specialized, and Giant leading innovation.

UK Bicycle Market Analysis and Growth

The UK bicycle market is projected to grow at a CAGR of 8.2% between 2025 and 2035, fueled by the increasing demand for sustainable transportation solutions. Key market players include Brompton Bicycle and Raleigh, which focus on high-quality, eco-friendly bicycles. Government initiatives, such as the Cycling and Walking Investment Strategy, further encourage growth in this sector.

  • Strong government policies promoting cycling infrastructure.
  • Rising interest in electric bicycles and hybrid models.
  • Cycling is increasingly integrated into urban transport systems.
  • Companies like Brompton Bicycle and Raleigh leading the market.
  • Environmental sustainability driving growth in cycling adoption.

In-Depth Analysis of Germany Bicycle Sales

Germany’s bicycle market is forecasted to register an 8.3% CAGR from 2025 to 2035. This growth is primarily driven by sustainable mobility trends and advancements in electric bicycle technology. Prominent players like Cube, Canyon, and Haibike dominate the German market, leading in both traditional and e-bike innovations.

  • Increased investment in cycling infrastructure and bike lanes.
  • Government incentives for electric bike adoption.
  • Growing popularity of cycling as a mode of urban transport.
  • Strong presence of Cube, Canyon, and Haibike in the market.
  • Technological advancements in e-bikes contributing to market expansion.

An Overview of South Korea Bicycle Market Growth

South Korea’s bicycle market is expected to grow at an 8.5% CAGR, driven by urbanization and the rising focus on health and wellness. Key players such as Samchuly and Hyundai have introduced innovative e-bikes to cater to the diverse needs of consumers. Government policies to support cycling infrastructure also play a crucial role in market growth.

  • Urban cycling infrastructure expansion supporting market growth.
  • Strong demand for electric bicycles among various demographics.
  • Health-conscious consumers increasingly adopting cycling for fitness.
  • Companies like Samchuly and Hyundai leading innovation in e-bikes.
  • Government incentives to promote sustainable transport solutions.

India Bicycle Market Analysis and Growth

India’s bicycle market is projected to grow at an 8.1% CAGR from 2025 to 2035, fueled by health and sustainability trends. Prominent brands like Hero Cycles, TI Cycles, and Avon are leading the market by providing affordable bicycles for diverse demographics. Increased urbanization and government initiatives to improve cycling infrastructure are expected to further drive this growth.

  • Strong demand for affordable bicycles in both urban and rural areas.
  • Government initiatives promoting eco-friendly transportation options.
  • Rise in health-conscious consumers adopting cycling for fitness.
  • Hero Cycles, TI Cycles, and Avon leading the Indian market.
  • Expanding cycling infrastructure in key urban centers.

Leading Bicycle Supplier

Bicycle Market Analysis By Company

The bicycle market is dominated by tier-one players such as Giant Bicycles, Trek Bicycle Corporation, and Specialized Bicycle Components, Inc., which hold the highest market shares. These companies invest heavily in product innovation, R&D, and marketing strategies.

For example, Giant Bicycles leads the electric bicycle segment, while Trek focuses on high-performance mountain and road bikes. Their strategies often involve continuous product launches and leveraging technological advancements to cater to changing consumer preferences, including the rise of eco-friendly and electric mobility solutions.

On the other hand, tier-two players like Accell Group, SCOTT Sports SA, and Atlas Cycles target niche markets with specialized products, often focusing on performance or affordability. Entry barriers in this market include high R&D and manufacturing costs, along with the need for strong brand recognition. The industry is relatively consolidated, with larger players acquiring smaller brands to expand their portfolios, though niche segments remain fragmented with room for innovation.

Recent Bicycle Industry News

  • Yamaha Motor Co. has acquired Brose’s e-bike drive unit subsidiary, fortifying Yamaha’s global position in the e-bike motor market.
  • Trek has acquired the assets of EAV Bikes, a leading UK-based electric cargo bike manufacturer, expanding its e-cargo offerings.
  • Bosch has introduced e-Bike ABS, a revolutionary anti-lock braking system tailored for electric bikes, offering enhanced rider safety and performance on varied terrains.
  • Brompton Bicycle is shifting focus towards premium models and expanding its international footprint after facing significant profit declines due to oversupply and stiff competition.

Bicycle Market - Report Scope

Report Attributes Details
Market Size (2025) USD 72.5 billion
Projected Market Size (2035) USD 112.4 billion
CAGR (2025 to 2035) 4.5%
Base Year for Estimation 2024
Historical Period 2020 to 2024
Projections Period 2025 to 2035
Quantitative Units USD billion for value
Product Types Analyzed Comfort, Cruiser, Mountain, Hybrid, Road, Cargo, Youth
Technology Types Analyzed Electric, Conventional
Price Range Segments Analyzed Low Range, Medium Range, Premium
End-Use Segments Analyzed Kids, Men, Women
Regions Covered North America, Europe, Asia Pacific, The Middle East & Africa, Latin America
Countries Covered United States, Canada, United Kingdom, Germany, France, China, Japan, South Korea, Brazil, Australia
Key Players Influencing the Market 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
Additional Attributes Dollar sales growth by product type, regional demand trends, competitive landscape, consumer preferences by price range, e-bike adoption, technological innovations

Leading Players

  • Giant Bicycles
  • Accell Group
  • Atlas Cycles (Haryana) Ltd.
  • Avon Cycles Ltd.
  • Cervelo
  • Dorel Industries Inc.
  • Merida Industry Co., Ltd.
  • Specialized Bicycle Components, Inc.
  • SCOTT Sports SA
  • Trek Bicycle Corporation

Bicycle Market Analyzed by Key Investment Segments

By Product Type:

The bicycle market is categorized based on product types such as comfort, cruiser, mountain, hybrid, road, cargo, and youth bicycles.

By Technology:

In terms of technology, the bicycle market is divided into electric and conventional bicycles.

By Price:

The market is also classified according to price, including low range, medium range, and premium bicycles.

By End User:

The bicycle market is segmented by end user into three key groups: kids, men, and women.

By Region:

Geographically, the bicycle market is divided into regions like North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Table of Content

  1. Executive Summary
  2. Industry Introduction, including Taxonomy and Market Definition
  3. Market Trends and Success Factors, including, Macro-economic Factors, Market Dynamics, Recent Industry Developments
  4. Market Demand Analysis 2020 to 2024 and Forecast 2025 to 2035, including Historical Analysis and Future Projections
  5. Market Analysis 2020 to 2024 and Forecast 2025 to 2035
    • Product Type
    • Technology
    • Price
    • End User
  6. Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Product Type
    • Comfort
    • Cruiser
    • Mountain
    • Hybrid
    • Road
    • Cargo
    • Youth
    • Vacuums
  7. Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Technology
    • Electric
    • Conventional
  8. Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Price
    • Low Range
    • Medium Range
    • Premium
  9. Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End User
    • Kids
    • Men
    • Women
  10. Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia Pacific
    • Middle East and Africa
  11. North America Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  12. Latin America Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  13. Western Europe Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  14. Eastern Europe Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  15. East Asia Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  16. South Asia Pacific Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  17. Middle East and Africa Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  18. Sales Forecast 2025 to 2035 by Product Type, Technology, Price, and End User for 30 Countries
  19. Competition Outlook, including, Market Structure Analysis, Company Share Analysis by Key Players, Competition Dashboard
  20. Company Profile
    • 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

List of Tables

  • Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
  • Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
  • Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 4: Global Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 5: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 6: Global Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 7: Global Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 8: Global Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 9: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 10: Global Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 11: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 12: North America Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 13: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 14: North America Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 15: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 16: North America Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 17: North America Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 18: North America Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 19: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 20: North America Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 22: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 23: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 24: Latin America Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 25: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 26: Latin America Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 27: Latin America Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 28: Latin America Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 29: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 30: Latin America Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 31: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 32: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 33: Western Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 34: Western Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 35: Western Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 36: Western Europe Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 37: Western Europe Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 38: Western Europe Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 39: Western Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 40: Western Europe Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 41: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 42: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 43: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 44: Eastern Europe Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 45: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 46: Eastern Europe Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 47: Eastern Europe Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 48: Eastern Europe Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 49: Eastern Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 50: Eastern Europe Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 51: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 52: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 53: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 54: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 55: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 56: South Asia and Pacific Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 57: South Asia and Pacific Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 58: South Asia and Pacific Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 59: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 60: South Asia and Pacific Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 61: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 62: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 63: East Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 64: East Asia Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 65: East Asia Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 66: East Asia Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 67: East Asia Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 68: East Asia Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 69: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 70: East Asia Market Volume (Units) Forecast by End User, 2018 to 2033
  • Table 71: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
  • Table 72: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
  • Table 73: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
  • Table 74: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2018 to 2033
  • Table 75: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2018 to 2033
  • Table 76: Middle East and Africa Market Volume (Units) Forecast by Technology, 2018 to 2033
  • Table 77: Middle East and Africa Market Value (US$ Million) Forecast by Price, 2018 to 2033
  • Table 78: Middle East and Africa Market Volume (Units) Forecast by Price, 2018 to 2033
  • Table 79: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2018 to 2033
  • Table 80: Middle East and Africa Market Volume (Units) Forecast by End User, 2018 to 2033

List of Figures

  • Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 2: Global Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 3: Global Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 4: Global Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033
  • Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
  • Figure 7: Global Market Volume (Units) Analysis by Region, 2018 to 2033
  • Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
  • Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
  • Figure 10: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 11: Global Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 12: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 13: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 14: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 15: Global Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 16: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 17: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 18: Global Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 19: Global Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 20: Global Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 21: Global Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 22: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 23: Global Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 24: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 25: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 26: Global Market Attractiveness by Product Type, 2023 to 2033
  • Figure 27: Global Market Attractiveness by Technology, 2023 to 2033
  • Figure 28: Global Market Attractiveness by Price, 2023 to 2033
  • Figure 29: Global Market Attractiveness by End User, 2023 to 2033
  • Figure 30: Global Market Attractiveness by Region, 2023 to 2033
  • Figure 31: North America Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 32: North America Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 33: North America Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 34: North America Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 35: North America Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 36: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 37: North America Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 40: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 41: North America Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 42: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 43: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 44: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 45: North America Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 46: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 47: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 48: North America Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 49: North America Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 50: North America Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 51: North America Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 52: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 53: North America Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 54: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 55: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 56: North America Market Attractiveness by Product Type, 2023 to 2033
  • Figure 57: North America Market Attractiveness by Technology, 2023 to 2033
  • Figure 58: North America Market Attractiveness by Price, 2023 to 2033
  • Figure 59: North America Market Attractiveness by End User, 2023 to 2033
  • Figure 60: North America Market Attractiveness by Country, 2023 to 2033
  • Figure 61: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 62: Latin America Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 63: Latin America Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 64: Latin America Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 65: Latin America Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 67: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 70: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 71: Latin America Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 72: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 74: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 75: Latin America Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 76: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 78: Latin America Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 79: Latin America Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 80: Latin America Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 82: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 83: Latin America Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 84: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 85: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 86: Latin America Market Attractiveness by Product Type, 2023 to 2033
  • Figure 87: Latin America Market Attractiveness by Technology, 2023 to 2033
  • Figure 88: Latin America Market Attractiveness by Price, 2023 to 2033
  • Figure 89: Latin America Market Attractiveness by End User, 2023 to 2033
  • Figure 90: Latin America Market Attractiveness by Country, 2023 to 2033
  • Figure 91: Western Europe Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 92: Western Europe Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 93: Western Europe Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 94: Western Europe Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 95: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 96: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 97: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 98: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 99: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 100: Western Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 101: Western Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 102: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 103: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 104: Western Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 105: Western Europe Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 106: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 107: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 108: Western Europe Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 109: Western Europe Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 110: Western Europe Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 111: Western Europe Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 112: Western Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 113: Western Europe Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 114: Western Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 115: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 116: Western Europe Market Attractiveness by Product Type, 2023 to 2033
  • Figure 117: Western Europe Market Attractiveness by Technology, 2023 to 2033
  • Figure 118: Western Europe Market Attractiveness by Price, 2023 to 2033
  • Figure 119: Western Europe Market Attractiveness by End User, 2023 to 2033
  • Figure 120: Western Europe Market Attractiveness by Country, 2023 to 2033
  • Figure 121: Eastern Europe Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 122: Eastern Europe Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 123: Eastern Europe Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 124: Eastern Europe Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 125: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 126: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 127: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 128: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 129: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 130: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 131: Eastern Europe Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 132: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 133: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 134: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 135: Eastern Europe Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 136: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 137: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 138: Eastern Europe Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 139: Eastern Europe Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 140: Eastern Europe Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 141: Eastern Europe Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 142: Eastern Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 143: Eastern Europe Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 144: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 145: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 146: Eastern Europe Market Attractiveness by Product Type, 2023 to 2033
  • Figure 147: Eastern Europe Market Attractiveness by Technology, 2023 to 2033
  • Figure 148: Eastern Europe Market Attractiveness by Price, 2023 to 2033
  • Figure 149: Eastern Europe Market Attractiveness by End User, 2023 to 2033
  • Figure 150: Eastern Europe Market Attractiveness by Country, 2023 to 2033
  • Figure 151: South Asia and Pacific Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 152: South Asia and Pacific Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 153: South Asia and Pacific Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 154: South Asia and Pacific Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 155: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 156: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 157: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 158: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 159: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 160: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 161: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 162: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 163: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 164: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 165: South Asia and Pacific Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 166: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 167: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 168: South Asia and Pacific Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 169: South Asia and Pacific Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 170: South Asia and Pacific Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 171: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 172: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 173: South Asia and Pacific Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 174: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 175: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 176: South Asia and Pacific Market Attractiveness by Product Type, 2023 to 2033
  • Figure 177: South Asia and Pacific Market Attractiveness by Technology, 2023 to 2033
  • Figure 178: South Asia and Pacific Market Attractiveness by Price, 2023 to 2033
  • Figure 179: South Asia and Pacific Market Attractiveness by End User, 2023 to 2033
  • Figure 180: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
  • Figure 181: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 182: East Asia Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 183: East Asia Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 184: East Asia Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 185: East Asia Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 186: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 187: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 188: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 189: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 190: East Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 191: East Asia Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 192: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 193: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 194: East Asia Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 195: East Asia Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 196: East Asia Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 197: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 198: East Asia Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 199: East Asia Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 200: East Asia Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 201: East Asia Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 202: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 203: East Asia Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 204: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 205: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 206: East Asia Market Attractiveness by Product Type, 2023 to 2033
  • Figure 207: East Asia Market Attractiveness by Technology, 2023 to 2033
  • Figure 208: East Asia Market Attractiveness by Price, 2023 to 2033
  • Figure 209: East Asia Market Attractiveness by End User, 2023 to 2033
  • Figure 210: East Asia Market Attractiveness by Country, 2023 to 2033
  • Figure 211: Middle East and Africa Market Value (US$ Million) by Product Type, 2023 to 2033
  • Figure 212: Middle East and Africa Market Value (US$ Million) by Technology, 2023 to 2033
  • Figure 213: Middle East and Africa Market Value (US$ Million) by Price, 2023 to 2033
  • Figure 214: Middle East and Africa Market Value (US$ Million) by End User, 2023 to 2033
  • Figure 215: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
  • Figure 216: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
  • Figure 217: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
  • Figure 218: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
  • Figure 219: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
  • Figure 220: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
  • Figure 221: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2018 to 2033
  • Figure 222: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
  • Figure 223: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
  • Figure 224: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2018 to 2033
  • Figure 225: Middle East and Africa Market Volume (Units) Analysis by Technology, 2018 to 2033
  • Figure 226: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
  • Figure 227: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
  • Figure 228: Middle East and Africa Market Value (US$ Million) Analysis by Price, 2018 to 2033
  • Figure 229: Middle East and Africa Market Volume (Units) Analysis by Price, 2018 to 2033
  • Figure 230: Middle East and Africa Market Value Share (%) and BPS Analysis by Price, 2023 to 2033
  • Figure 231: Middle East and Africa Market Y-o-Y Growth (%) Projections by Price, 2023 to 2033
  • Figure 232: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2018 to 2033
  • Figure 233: Middle East and Africa Market Volume (Units) Analysis by End User, 2018 to 2033
  • Figure 234: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
  • Figure 235: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
  • Figure 236: Middle East and Africa Market Attractiveness by Product Type, 2023 to 2033
  • Figure 237: Middle East and Africa Market Attractiveness by Technology, 2023 to 2033
  • Figure 238: Middle East and Africa Market Attractiveness by Price, 2023 to 2033
  • Figure 239: Middle East and Africa Market Attractiveness by End User, 2023 to 2033
  • Figure 240: Middle East and Africa Market Attractiveness by Country, 2023 to 2033

Frequently Asked Questions

What was the overall size of the bicycle market in 2025?

The bicycle market was valued at USD 72.5 billion in 2025.

How large is the bicycle market expected to be in 2035?

It is projected to reach USD 112.4 billion by 2035.

Who is the leading player in the bicycle market?

Giant Bicycles is the leading company in the global bicycle market, holding an 8.2% market share.

Which country is expected to have the fastest growth in the bicycle market?

South Korea is expected to have the fastest growth with a projected CAGR of 8.5%.

Which product segment is projected to lead the market?

Electric bicycles (e-bikes) are expected to command the largest share i.e. 40 %, with mid-range price-band models likely to remain the most popular across all user groups.

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Bicycle Market