Bicycle Market - Growth, Trends, and Forecast (2020 - 2025)

Global Bicycle Market is segmented by Type (road bicycles, hybrid bicycles, all-terrain bicycles, e-bicycles, and others), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

7.78 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Global bicycle market is projected to grow at a CAGR of 7.78% during the forecast period.

  • Individuals all across the globe are increasingly becoming more aware of their fitness, which is eventually resulting in the growing demand for the bicycle as an alternative way of transport. Compared to conventional bicycles, currently, the overall demand for e-bicycles is evolving and is expected to become mainstream during the forecasted period.
  • The ability of e-bicycles to manage the overall speeds more adequately, provides the rider with the comfortable drive on overpasses, mountain areas, and tough roads, thus paving the way to the sales of the e-bicycle market.

 

Scope of the Report

Global bicycle market offers a range of bicycles, including road bicycles, hybrid bicycles, all-terrain bicycles, e-bicycles, and others through offline and online retail stores. The study also covers the global level analysis of the major regions, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

By Type
Road Bicycles
Hybrid Bicycles
All Terrain Bicycles
E-Bicycles
Others
By Distribution Channel
Offline Retail Stores
Online Retail Stores
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Consumer’s Inclination toward Healthy Lifestyle Coupled with Favorable Government Initiatives

In line with the athleisure trend, consumers are increasingly seeking for engaging themselves into various physical activities including bicycling. Additionally, the continued shift toward more active lifestyles is driving the demand for leisure activities, such as running and cycling across the world. Importance of sports activities, foremost for health reasons, the increasing influence of celebrity endorsement, and international sports events are encouraging the involvement of consumers in various cycling activities. Additionally, an increase in government initiatives in various countries, meant to improve participation rate, is playing a key role in driving the market in the last few years. For instance, in April 2017, the United Kingdom government has published its GBP 1.2 billion long-term plan to make cycling and walking the preferred choice for shorter journeys. 

To understand key trends, Download Sample Report

Increasing Demand for Bicycles from Asia-Pacific

Asia-Pacific is the fastest growing region in the global bicycle market. China, Japan, Australia, India, and South Korea are some of the top contributing countries in the region. Moreover, these countries have started hosting numerous cycling tournaments, which, in turn, will increase the popularity and demand for sports bicycles. For instance, the Asian Cycling Championships is an annual continental cycling championship for road bicycle racing and track cycling since 1963, exclusively for Asian cyclists selected by the national governing body. In addition, there’s a rise in women’s participation rate and government initiatives that are likely to boost the demand for bicycles in the region. Owing to such increased demand, bicycle companies in the market are launching innovative bicycles and accessories, which will lead to significant market growth during the forecast period. 

To understand geography trends, Download Sample Report.

Competitive Landscape

Companies are differentiating their products in terms of design, functioning, weight, and size, in order to gain competitive advantage. The key companies are increasing their investments in research and development (R&D) and expanding their distribution channels to maintain their position in the market. Moreover, leading manufacturers in the market are focusing on leveraging opportunities posed by the emerging markets of Asia-Pacific, like Thailand and India, to expand their revenue base. Furthermore, companies are adopting competitive strategies by investing more to develop new-generation technologies for the production of bicycles, so as to develop a unique product portfolio. Additionally, companies are using digital and social media advertisements to make consumers aware of the new product launches in the market.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Road Bicycles

      2. 5.1.2 Hybrid Bicycles

      3. 5.1.3 All Terrain Bicycles

      4. 5.1.4 E-Bicycles

      5. 5.1.5 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Stores

      2. 5.2.2 Online Retail Stores

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Giant Manufacturing Co. Ltd.

      2. 6.4.2 Pon Holdings (Derby Cycle AG)

      3. 6.4.3 Trek Bicycle Corporation

      4. 6.4.4 Accell Group N.V.

      5. 6.4.5 Dorel Industries Inc.

      6. 6.4.6 Merida Industry Co., Ltd

      7. 6.4.7 Tandem Group

      8. 6.4.8 Atlas Cycle Industries Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Related Reports