Bicycle Market
Bicycle Market Analysis by Product (Mountain Bikes, Road Bikes, Cargo Bikes, Hybrid Bikes), by Technology (Electric Bicycles, Conventional Bicycles), by End User, by Distribution Channel & Region - Global Forecast 2022-2032
Analysis of Bicycle market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bicycle Market Growth Outlook for 2022-2032
The global sales of bicycles garnered a market value of US$ 60 Billion in 2021 and is expected to register a positive CAGR of 8% by accumulating a market value of US$ 138 Bn through the assessment period 2022-2032.
Improvement in infrastructure across various countries along with customization of bicycles is positively influencing the demand for bicycles. Furthermore, cycling tournaments in Europe are creating lucrative business opportunities for bicycle manufacturers.
Report Attributes |
Values |
|
Market Value in 2021 |
US$ 60 Billion |
|
Market Size in 2022 |
US$ 64 Billion |
|
Anticipated Market Value in 2032 |
US$ 138 Bn |
|
Global Growth Rate (2022-2032) |
8% CAGR |
|
Market Share of Asia Pacific |
33% |
|
Key Companies Profiled |
|
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Demand Analysis of Bicycle from 2015 to 2021 Vs Market Projections for 2022 to 2032
As per Fact.MR’s report, from 2015 to 2021, the global sales of bicycle market exceeded US$ 60 Bn by the end of 2021. The market surged at a CAGR of 7% across the said historical period. Increasing emphasis on maintaining good personal health and fitness amid rising sedentary lifestyle problems has led to this increased demand.
During the COVID-19 pandemic, bicycle sales dropped significantly, especially in the first wave in 2020. Imposition of nationwide lockdowns restricted the movement of people, confining them indoors. This led to a decline in outdoor sporting activities such as cycling. Eventually, this sluggishness was offset, thanks to the easing of restrictions once the incidence receded.
Manufacturers of bicycles are focusing on customizing bicycles to improve their efficiency for adventurous sports. In addition, increasing inclination from women and children is also boosting the sales of bicycles. Thus, the sales of bicycles are expected to grow 2x throughout the 2022-2032 forecast period.
How is Demand for Healthy Lifestyle Spurring Growth for Bicycles?
Numerous health benefits associated with cycling have influenced people to not only take cycling as a hobby but also as an investment for staying healthy. Sedentary lifestyle owing to changing work nature has increased obesity, heart related problems and diabetes in people across various age groups. Moreover, changing preferences for exercising has motivated people to cycle. This, in turn, has increased the demand for bicycles.
Furthermore, cycling has also become a community building activity for various people. In addition, improving infrastructure, creation of smart cities along with initiatives by the governments to make people healthier are driving the sales of bicycles. Increasing population is another key reason that has made people environment conscious. Thus, people are rapidly adopting the usage of bicycles.
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How is Traffic Congestion Driving Sales of Bicycles?
Rapid urbanization has led to traffic congestions in various cities. This, in turn, is increasing the time taken to commute for people. As cycling takes lesser space, people are preferring to travel by bicycle for shorter distances and to offices. Moreover, the inadequacy of place is creating problems for parking vehicles. This, in turn is boosting the demand for bicycles.
Furthermore, initiatives by the government are uplifting the fitness motto across countries. In addition, integration of technological advancement has helped cities to come up with dockless bicycle-sharing system. This, in turn, is accelerating the growth of the bicycle market. Moreover, initiatives such as “Clean City, Green City” is adding to the sales of bicycles.
Country-wise Analysis
Smart Cities Spurring Growth of Bicycles in Asia Pacific?
Countries in Asia Pacific such as China, Singapore and Japan are focusing on healthy living by improving the infrastructure of the countries. Most people from the region are investing into becoming healthy and thus are preferring to commute by cycle for office and for other chores.
Moreover, the government from the region is focusing on reducing the CO2 emission. This, in turn, has propelled the use of bicycles. Furthermore, growing inclination towards using bicycles owing to creation of smart cities is spurring the growth for bicycles. Thus, Asia Pacific is expected to hold more than 33% market share for bicycles.
Cycling Tournaments Propelling Demand for Bicycles in Europe?
Marketing campaigns for bicycles by manufacturers is a key reason for an increase in the adoption of bicycles in Europe. Moreover, in spite of Europe being one of the worst hit regions by the pandemic, the demand for bicycles has increased owing to the increasing importance of fitness.
Furthermore, cycling events in countries like France and Germany is accelerating the demand for bicycles in the region. In addition, the government of the region is also rolling out infrastructure that is suitable for cycling and walking for shorter journeys. Thus, Europe is expected to register a staggering double-digit CAGR of 12% in the forecast period.
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Category-Wise Insights
Simple Mechanization Creating Lucrative Opportunities for Bicycles?
Road bicycles have gained immense popularity in all age groups as they are the easiest bicycles to ride. The simple mechanization of these bicycles has created a strong business opportunity for bicycle manufacturers. Moreover, road bicycles do not require accessories as they are not used for trekking.
This, in turn, reduces the price of road bicycles and is more affordable. In addition, women, kids and elderly have also shown a growing inclination towards buying road bicycles as they have easy mechanization to operate. Thus, road bicycles are expected to hold more than 45% market share for bicycles.
Test Rides Increasing Purchase of Bicycles from Offline Stores?
Offline stores provide real-time access to bicycles. This provides customers to take test rides on bicycles. Thus, the preference for purchasing bicycles from offline stores has increased.
Moreover, a growing inclination towards customizing bicycles for reasons such as trekking and adventurous sports is upsurging the sales of buying bicycles from offline stores.
Instant purchase of buying the product is favouring the sales of bicycles from offline stores too. Thus, offline stores are expected to hold more than 50% market share for bicycles.
Competitive Landscape
Prominent manufacturers are emphasizing on introducing newly designed bikes, strategic collaborations and initiation of different campaigns. In addition, there is also emphasis on incorporating sustainability in manufacturing practices, considering the need to reduce carbon footprint. Some notable developments are as follows:
- In 2020, Accell Group launched “New Purpose: Cycling moves the world forward.” Also, the company’s plant in Herenveen that produces bicycles for the European market will transition to solar energy. This is expected to reduce 1,100 tonnes of CO2.
- In June 2019, Trek Bicycle Corporation introduced the all-new Madone SLR 6 Disc Speed. The bicycle is integrated with removable aero bars and specially designed for riding in hilly areas with winding roads.
Key Segments Covered in the Bicycle Market Industry Report
-
By Product
- Mountain Bikes
- Road Bikes
- Cargo Bikes
- Hybrid Bikes
- Other Bicycles
-
By Technology
- Electric Bicycles
- Conventional Bicycles
-
By End User
- Bicycles for Men
- Bicycles for Women
- Bicycles for Kids
-
By Distribution Channel
- Online Bicycle Sales
- Offline Bicycle Sales
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Fact.MR Analysis and Recommendations 2. Market Overview 2.1. Market Coverage 2.2. Market Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Bicycle 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background 4.1. Bicycle Market, by Key Countries 4.2. Bicycle Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Growth in Automation, By Country 4.5.3. Bicycle Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Bicycle Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Bicycle Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Bicycle Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Bicycle Market Analysis 2015-2021 and Forecast 2022-2032, By Product 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Product , 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product , 2022-2032 8.3.1. Mountain Bikes 8.3.2. Hybrid Bikes 8.3.3. Road Bikes 8.3.4. Cargo Bikes 8.3.5. Others 8.4. Market Attractiveness Analysis By Product 9. Global Bicycle Market Analysis 2015-2021 and Forecast 2022-2032, By Technology 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Technology, 2015-2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2022-2032 9.3.1. Electric 9.3.2. Conventional 9.4. Market Attractiveness Analysis By Technology 10. Global Bicycle Market Analysis 2015-2021 and Forecast 2022-2032, By End-User 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By End-User , 2015-2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-User , 2022-2032 10.3.1. Men 10.3.2. Women 10.3.3. Kids 10.4. Market Attractiveness Analysis By End-User 11. Global Bicycle Market Analysis 2015-2021 and Forecast 2022-2032, By Distribution Channel 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Distribution Channel , 2015-2021 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Distribution Channel , 2022-2032 11.3.1. Online 11.3.2. Offline 11.4. Market Attractiveness Analysis By Distribution Channel 12. Global Bicycle Market Analysis 2015-2021 and Forecast 2022-2032, By Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 12.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. Asia Pacific 12.3.5. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. U.S. 13.4.1.2. Canada 13.4.1.3. Rest of North America 13.4.2. By Product 13.4.3. By Technology 13.4.4. By Distribution Channel 13.4.5. By End-User 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product 13.5.3. By Technology 13.5.4. By Distribution Channel 13.5.5. By End-User 14. Latin America Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Product 14.4.3. By Technology 14.4.4. By Distribution Channel 14.4.5. By End-User 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product 14.5.3. By Technology 14.5.4. By Distribution Channel 14.5.5. By End-User 15. Europe Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. France 15.4.1.3. U.K. 15.4.1.4. Italy 15.4.1.5. Benelux 15.4.1.6. Nordic Countries 15.4.1.7. Rest of Europe 15.4.2. By Product 15.4.3. By Technology 15.4.4. By Distribution Channel 15.4.5. By End-User 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product 15.5.3. By Technology 15.5.4. By Distribution Channel 15.5.5. By End-User 16. Asia Pacific Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.1.4. Rest of Asia Pacific 16.4.2. By Product 16.4.3. By Technology 16.4.4. By Distribution Channel 16.4.5. By End-User 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product 16.5.3. By Technology 16.5.4. By Distribution Channel 16.5.5. By End-User 17. Middle East and Africa Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Turkey 17.4.1.4. Rest of Middle East and Africa 17.4.2. By Product 17.4.3. By Technology 17.4.4. By Distribution Channel 17.4.5. By End-User 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product 17.5.3. By Technology 17.5.4. By Distribution Channel 17.5.5. By End-User 18. Key Countries Bicycle Market Analysis 2015-2021 and Forecast 2022-2032 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US Bicycle Market Analysis 18.2.1. Value Proportion Analysis by Market Taxonomy 18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.2.2.1. By Product 18.2.2.2. By Technology 18.2.2.3. By Distribution Channel 18.2.2.4. By End-User 18.3. Canada Bicycle Market Analysis 18.3.1. Value Proportion Analysis by Market Taxonomy 18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.3.2.1. By Product 18.3.2.2. By Technology 18.3.2.3. By Distribution Channel 18.3.2.4. By End-User 18.4. Mexico Bicycle Market Analysis 18.4.1. Value Proportion Analysis by Market Taxonomy 18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.4.2.1. By Product 18.4.2.2. By Technology 18.4.2.3. By Distribution Channel 18.4.2.4. By End-User 18.5. Brazil Bicycle Market Analysis 18.5.1. Value Proportion Analysis by Market Taxonomy 18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.5.2.1. By Product 18.5.2.2. By Technology 18.5.2.3. By Distribution Channel 18.5.2.4. By End-User 18.6. Germany Bicycle Market Analysis 18.6.1. Value Proportion Analysis by Market Taxonomy 18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.6.2.1. By Product 18.6.2.2. By Technology 18.6.2.3. By Distribution Channel 18.6.2.4. By End-User 18.7. France Bicycle Market Analysis 18.7.1. Value Proportion Analysis by Market Taxonomy 18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.7.2.1. By Product 18.7.2.2. By Technology 18.7.2.3. By Distribution Channel 18.7.2.4. By End-User 18.8. Italy Bicycle Market Analysis 18.8.1. Value Proportion Analysis by Market Taxonomy 18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.8.2.1. By Product 18.8.2.2. By Technology 18.8.2.3. By Distribution Channel 18.8.2.4. By End-User 18.9. BENELUX Bicycle Market Analysis 18.9.1. Value Proportion Analysis by Market Taxonomy 18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.9.2.1. By Product 18.9.2.2. By Technology 18.9.2.3. By Distribution Channel 18.9.2.4. By End-User 18.10. UK Bicycle Market Analysis 18.10.1. Value Proportion Analysis by Market Taxonomy 18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.10.2.1. By Product 18.10.2.2. By Technology 18.10.2.3. By Distribution Channel 18.10.2.4. By End-User 18.11. Nordic Countries Bicycle Market Analysis 18.11.1. Value Proportion Analysis by Market Taxonomy 18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.11.2.1. By Product 18.11.2.2. By Technology 18.11.2.3. By Distribution Channel 18.11.2.4. By End-User 18.12. China Bicycle Market Analysis 18.12.1. Value Proportion Analysis by Market Taxonomy 18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.12.2.1. By Product 18.12.2.2. By Technology 18.12.2.3. By Distribution Channel 18.12.2.4. By End-User 18.13. Japan Bicycle Market Analysis 18.13.1. Value Proportion Analysis by Market Taxonomy 18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.13.2.1. By Product 18.13.2.2. By Technology 18.13.2.3. By Distribution Channel 18.13.2.4. By End-User 18.14. South Korea Bicycle Market Analysis 18.14.1. Value Proportion Analysis by Market Taxonomy 18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.14.2.1. By Product 18.14.2.2. By Technology 18.14.2.3. By Distribution Channel 18.14.2.4. By End-User 18.15. GCC Countries Bicycle Market Analysis 18.15.1. Value Proportion Analysis by Market Taxonomy 18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.15.2.1. By Product 18.15.2.2. By Technology 18.15.2.3. By Distribution Channel 18.15.2.4. By End-User 18.16. South Africa Bicycle Market Analysis 18.16.1. Value Proportion Analysis by Market Taxonomy 18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.16.2.1. By Product 18.16.2.2. By Technology 18.16.2.3. By Distribution Channel 18.16.2.4. By End-User 18.17. Turkey Bicycle Market Analysis 18.17.1. Value Proportion Analysis by Market Taxonomy 18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.17.2.1. By Product 18.17.2.2. By Technology 18.17.2.3. By Distribution Channel 18.17.2.4. By End-User 18.17.3. Competition Landscape and Player Concentration in the Country 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Product footprint by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Accell Group 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Sales Footprint 20.3.1.4. Strategy Overview 20.3.2. Atlas Cycles 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Sales Footprint 20.3.2.4. Strategy Overview 20.3.3. Avon Cycles Ltd 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Sales Footprint 20.3.3.4. Strategy Overview 20.3.4. Cervelo 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Sales Footprint 20.3.4.4. Strategy Overview 20.3.5. Dorel Industries Inc 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Sales Footprint 20.3.5.4. Strategy Overview 20.3.6. Giant Bicycles 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Sales Footprint 20.3.6.4. Strategy Overview 20.3.7. Merida Industry Co 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Sales Footprint 20.3.7.4. Strategy Overview 20.3.8. pecialized Bicycle Components 20.3.8.1. Overview 20.3.8.2. Product Portfolio 20.3.8.3. Sales Footprint 20.3.8.4. Strategy Overview 20.3.9. SCOTT Sports SA 20.3.9.1. Overview 20.3.9.2. Product Portfolio 20.3.9.3. Sales Footprint 20.3.9.4. Strategy Overview 20.3.10. Trek Bicycle Corporation 20.3.10.1. Overview 20.3.10.2. Product Portfolio 20.3.10.3. Sales Footprint 20.3.10.4. Strategy Overview 21. Assumptions and Acronyms Used 22. Research Methodology
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List Of Table
Table 1: Global Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 2: Global Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 3: Global Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 4: Global Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 5: Global Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 6: Global Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 7: Global Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 8: Global Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 9: Global Bicycle Market, By Region, 2015 – 2021
Table 10: Global Bicycle Market, By Region, 2022 – 2032
Table 11: North America Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 12: North America Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 13: North America Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 14: North America Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 15: North America Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 16: North America Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 17: North America Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 18: North America Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 19: North America Bicycle Market, By Country, 2015 – 2021
Table 20: North America Bicycle Market, By Country, 2022 – 2032
Table 21: Latin America Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 22: Latin America Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 23: Latin America Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 24: Latin America Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 25: Latin America Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 26: Latin America Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 27: Latin America Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 28: Latin America Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 29: Latin America Bicycle Market, By Country, 2015 – 2021
Table 30: Latin America Bicycle Market, By Country, 2022 – 2032
Table 31: Europe Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 32: Europe Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 33: Europe Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 34: Europe Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 35: Europe Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 36: Europe Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 37: Europe Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 38: Europe Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 39: Europe Bicycle Market, By Country, 2015 – 2021
Table 40: Europe Bicycle Market, By Country, 2022 – 2032
Table 41: Asia Pacific Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 42: Asia Pacific Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 43: Asia Pacific Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 44: Asia Pacific Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 45: Asia Pacific Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 46: Asia Pacific Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 47: Asia Pacific Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 48: Asia Pacific Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 49: Asia Pacific Bicycle Market, By Country, 2015 – 2021
Table 50: Asia Pacific Bicycle Market, By Country, 2022 – 2032
Table 51: MEA Bicycle Market Value (US$ Mn),By Product , 2015 – 2021
Table 52: MEA Bicycle Market Value (US$ Mn),By Product , 2022 – 2032
Table 53: MEA Bicycle Market Value (US$ Mn), By Technology , 2015 – 2021
Table 54: MEA Bicycle Market Value (US$ Mn), By Technology , 2022 – 2032
Table 55: MEA Bicycle Market Value (US$ Mn), By End-User , 2015 – 2021
Table 56: MEA Bicycle Market Value (US$ Mn), By End-User , 2022 – 2032
Table 57: MEA Bicycle Market Value (US$ Mn), By Distribution Channel , 2015 – 2021
Table 58: MEA Bicycle Market Value (US$ Mn), By Distribution Channel , 2022 – 2032
Table 59: MEA Bicycle Market, By Country, 2015 – 2021
Table 60: MEA Bicycle Market, By Country, 2022 – 2032
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List Of Figures
Figure 1: Global Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 2: Global Bicycle Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 3: Global Bicycle Market Share, By Product , 2022 & 2032
Figure 4: Global Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 5: Global Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 6: Global Bicycle Market Share, By Technology , 2022 & 2032
Figure 7: Global Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 8: Global Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 9: Global Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 10: Global Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 11: Global Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 12: Global Bicycle Market Share, By End-User , 2022 & 2032
Figure 13: Global Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 14: Global Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 15: Global Bicycle Market Share, By Region, 2022 & 2032
Figure 16: Global Bicycle Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 17: Global Bicycle Market Attractiveness Index, By Region – 2022-2032
Figure 18: North America Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 19: North America Bicycle Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 20: North America Bicycle Market Share, By Product , 2022 & 2032
Figure 21: North America Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 22: North America Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 23: North America Bicycle Market Share, By Technology , 2022 & 2032
Figure 24: North America Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 25: North America Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 26: North America Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 27: North America Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 28: North America Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 29: North America Bicycle Market Share, By End-User , 2022 & 2032
Figure 30: North America Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 31: North America Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 32: North America Bicycle Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 34: North America Market Attractiveness Index, By Country – 2022-2032
Figure 35: Latin America Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 36: Latin America Bicycle Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 37: Latin America Bicycle Market Share, By Product , 2022 & 2032
Figure 38: Latin America Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 39: Latin America Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 40: Latin America Bicycle Market Share, By Technology , 2022 & 2032
Figure 41: Latin America Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 42: Latin America Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 43: Latin America Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 44: Latin America Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 45: Latin America Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 46: Latin America Bicycle Market Share, By End-User , 2022 & 2032
Figure 47: Latin America Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 48: Latin America Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 49: Latin America Bicycle Market Share, By Country, 2022 & 2032
Figure 50: Latin America Bicycle Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 51: Latin America Bicycle Market Attractiveness Index, By Country – 2022-2032
Figure 52: Europe Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 53: Europe Bicycle Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 54: Europe Bicycle Market Share, By Product , 2022 & 2032
Figure 55: Europe Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 56: Europe Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 57: Europe Bicycle Market Share, By Technology , 2022 & 2032
Figure 58: Europe Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 59: Europe Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 60: Europe Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 61: Europe Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 62: Europe Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 63: Europe Bicycle Market Share, By End-User , 2022 & 2032
Figure 64: Europe Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 65: Europe Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 66: Europe Bicycle Market Share, By Country, 2022 & 2032
Figure 67: Europe Bicycle Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 68: Europe Bicycle Market Attractiveness Index, By Country – 2022-2032
Figure 69: MEA Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 70: MEA Bicycle Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 71: MEA Bicycle Market Share, By Product , 2022 & 2032
Figure 72: MEA Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 73: MEA Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 74: MEA Bicycle Market Share, By Technology , 2022 & 2032
Figure 75: MEA Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 76: MEA Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 77: MEA Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 78: MEA Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 79: MEA Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 80: MEA Bicycle Market Share, By End-User , 2022 & 2032
Figure 81: MEA Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 82: MEA Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 83: MEA Bicycle Market Share, By Country, 2022 & 2032
Figure 84: MEA Bicycle Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 85: MEA Bicycle Market Attractiveness Index, By Country – 2022-2032
Figure 86: Asia Pacific Bicycle Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 87: Asia Pacific Bicycle Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 88: Asia Pacific Bicycle Market Share, By Product , 2022 & 2032
Figure 89: Asia Pacific Bicycle Market Y-o-Y Growth Projections, By Product – 2022-2032
Figure 90: Asia Pacific Bicycle Market Attractiveness Index, By Product – 2022-2032
Figure 91: Asia Pacific Bicycle Market Share, By Technology , 2022 & 2032
Figure 92: Asia Pacific Bicycle Market Y-o-Y Growth Projections, By Technology – 2022-2032
Figure 93: Asia Pacific Bicycle Market Attractiveness Index, By Technology – 2022-2032
Figure 94: Asia Pacific Bicycle Market Share, By Distribution Channel , 2022 & 2032
Figure 95: Asia Pacific Bicycle Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032
Figure 96: Asia Pacific Bicycle Market Attractiveness Index, By Distribution Channel – 2022-2032
Figure 97: Asia Pacific Bicycle Market Share, By End-User , 2022 & 2032
Figure 98: Asia Pacific Bicycle Market Y-o-Y Growth Projections, By End-User – 2022-2032
Figure 99: Asia Pacific Bicycle Market Attractiveness Index, By End-User – 2022-2032
Figure 100: Asia Pacific Bicycle Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Bicycle Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 102: Asia Pacific Bicycle Market Attractiveness Index, By Country – 2022-2032
Know thy Competitors
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Complete list available upon request
- FAQs -
How much was the bicycle industry worth in 2021?
As of 2021, the market for bicycle reached nearly US$ 60 Bn
What is the expected market worth of the bicycle industry in 2022?
As of 2022, the market for bicycles is expected to reach US$ 64 Bn
What was the CAGR of the market for bicycles from 2015 to 2021?
Fromm 2015 to 2021, bicycle sales expanded at a CAGR of 7%, according to Fact.MR
At what rate will the bicycle industry grow from 2022-2032?
The bicycle industry is expected to surpass a CAGR of 8% from 2022-2032.
How much is the bicycle market like to be valued by 2032?
The bicycle market is expected to reach nearly US$ 138 Bn by 2032
Who are the prominent bicycle market players?
Accell Group, Atlas Cycles (Haryana) Ltd, Avon Cycles Ltd, Cervelo and Dorel Industries Inc. are some prominent bicycle manufacturers
Which type of product is expected to hold the highest share for sales?
Road bicycles are expected to gain more than 45% market share for bicycle market.
Which type of distribution channel is expected to hold the highest share for sales?
Offline channels are expected to hold more than 50% market share for bicycle market.
How much is the Europe bicycle industry worth?
The bicycle industry is expected to register a CAGR of 12% in Europe.
How much is the Asia Pacific bicycle industry worth?
The bicycle industry is expected to possess nearly 33% market share throughout Asia Pacific.
Bicycle Market