openPR Logo
Press release

Pedal to Progress: The 2033 Bicycle Market's Ride into the Future

Bicycle Market

Bicycle Market

The global bicycle market is currently valued at more than US$ 65.55 Billion. Sales of bicycles are slated to increase at a value CAGR of around 6.0% from 2023 to 2033. to reach a revenue of more than US$ 117.37 Billion by 2033.

Bicycling is favored by a majority of health-conscious individuals as well as a recreational sport. Bicycles are not only good at combating obesity and digestive issues but are also cost-efficient. These advantages have been recognized by developing economies who have been promoting bicycling on a war footing.

Some of the key bicycle manufacturers included in the report are Giant Bicycles Inc., Atlas Cycles Ltd, Derby Cycle Holding GmbH, Trek Bicycle Corporation, Avon Cycles Ltd., Zhonglu Co., Ltd, Accell Group N.V., Tube Investments of India Limited, Dorel Industries Inc., Merida Industry Co., Ltd, Tandem Group plc, Samchuly Bicycle Co., Ltd, F.I.V.E. Bianchi S.p.A, Specialized Bicycle Components, Hamilton Industries Pvt. Ltd, Tianjin FUJITA Group Co. Ltd, Ming Cycle Industrial Co. Ltd, Tianjin Flying Pigeon Cycle Manufacture Co., Ltd, Koninklijke Gazelle N.V., Tern, Kona USA, Inc., Scott Sports SA, Redline Bicycle, Yadea Group Holdings, and Pt. Insera Sena.

Request For Free Sample Report @ https://www.persistencemarketresearch.com/samples/3326

Electric bicycles' growing popularity combined with increase in the number of national and international cycling events is expected to present lucrative prospects to bicycle stakeholders. Electric bicycles will be an appealing segment during the evaluation period of 2022-2032 due to rapidly rising number of conscientious consumers.

Over the coming years, China is likely to be a major contributor to electric bicycle demand and supply. Majority of major bicycle manufacturers are focusing on new model launches, particularly electric and mountain bicycles.

Key Takeaways from Market Study

At a CAGR of 8.4%, electric bicycles is estimated to be the fastest-growing segment under bicycle type from 2022 to 2032.
Conventional bicycles are expected to hold the highest share of 73.1% under the technology segment in terms of value in 2022.
By price, mid-range bicycles are predicted to enjoy a market share of nearly 41% by 2032.
By end user, men are projected to be major consumers with a market share of more than 45% in 2022.
By region, East is predicted to hold the highest share in the global market accounting for more than 39% by 2032.
China is projected to register the highest absolute $ opportunity of more than US$ 14 Bn from 2022 to 2032.

"The pandemic has sparked a surge in bicycle sales and worked as a political impetus for cycling initiatives, effectively changing the bicycle market's growth curve" says a Persistence Market Research analyst.

Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/3326

Market Landscape

The global bicycle market is highly fragmented, with numerous international and regional companies. Key firms such as Trek Bicycle Corporation, Accell Group, and Giant Manufacturing Co. Ltd. dominate the market. The biggest players in this sector are diversifying into the production of e-bikes, thereby expanding their regional footprint. Businesses are also taking advantage of improved online distribution channels.

Conclusion

Bicycles are becoming more popular around the world as people become more concerned about the environment and want to stay fit. Cycling is increasingly becoming a leisure and recreational activity. This is also contributing to the global bicycle market's rapid expansion.

Key Segments Covered in Bicycle Industry Survey

Bicycle Market by Product Type:

Mountain Bikes
Hybrid/Cross Bikes
Road Bikes
Comfort Bikes
Youth Bikes
Cruisers
Electric Bikes

Bicycle Market by Technology:

Conventional Bicycles
Electric Bicycles

Bicycle Market by Price:

Premium Bicycles
Mid-Range Bicycles
Low-Range Bicycles

Bicycle Market by End User:

Bicycles for Men
Bicycles for Women
Bicycles for Kids

Bicycle Market by Region:

North America Bicycles Market
Latin America Bicycles Market
Europe Bicycles Market
East Asia Bicycles Market
South Asia & Pacific Bicycles Market
Middle East & Africa Bicycles Market

For in-depth competitive analysis, buy now @ https://www.persistencemarketresearch.com/checkout/3326

Other factors impacting market growth include increase in bike sharing and rentals, development of e-bikes, and growth of bicycle tourism. Bicycle manufacturers are also attempting to include new features to improve user experience. Bicycles are also getting new safety measures to help prevent accidents and theft.

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us: -

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pedal to Progress: The 2033 Bicycle Market's Ride into the Future here

News-ID: 3241947 • Views:

More Releases from Persistence Market Research

Europe Basalt Fibre Market Set to Grow from US$ 83.5 Million in 2025 to US$ 195.5 Million by 2032 Driving Sustainable Industrial Growth
Europe Basalt Fibre Market Set to Grow from US$ 83.5 Million in 2025 to US$ 195. …
The European basalt fibre market has witnessed substantial growth in recent years, driven by increasing demand across multiple industries, including construction, automotive, aerospace, and wind energy. Basalt fibre, derived from natural volcanic rock, offers high strength, non-corrosive properties, and environmental benefits, positioning it as an attractive alternative to traditional materials such as glass and carbon fibres. As the European Union moves toward its Net-Zero 2050 targets, the adoption of sustainable
Asia Pacific Automotive Metal Stamping Market Expected to Rise from US$ 47.9 Billion in 2024 to US$ 72.5 Billion by 2031, with a 6.1% CAGR | Persistence Market Research
Asia Pacific Automotive Metal Stamping Market Expected to Rise from US$ 47.9 Bil …
The Asia Pacific automotive metal stamping market is poised for significant growth, with its market value projected to reach US$ 47.9 billion by 2024. Analysts anticipate the market will expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031, ultimately achieving a valuation of US$ 72.5 billion by 2031. This upward trajectory is underpinned by a robust expansion in the automotive industry, growing consumer preference for
North America Commercial Refrigeration Fans Market: Innovations and Growth Opportunities in Energy-Efficient Cooling
North America Commercial Refrigeration Fans Market: Innovations and Growth Oppor …
The North American commercial refrigeration fans market is experiencing dynamic growth due to the increasing demand for energy-efficient cooling solutions in retail, foodservice, and cold chain logistics. Commercial refrigeration systems are integral to preserving perishable goods, maintaining food safety, and reducing spoilage. Fans play a crucial role in circulating air within refrigeration units, ensuring uniform cooling and optimal performance. With rising energy costs and stricter environmental regulations, manufacturers are focusing
North America Automotive Catalytic Converter Market Projected to Reach USD 32.34 Billion by 2031, Driven by Stricter Emission Regulations and Technological Advancements
North America Automotive Catalytic Converter Market Projected to Reach USD 32.34 …
The North America automotive catalytic converter market is poised for substantial growth, with projections indicating a compound annual growth rate (CAGR) of 7.3% between 2024 and 2031. The market size, valued at USD 18.63 billion in 2024, is anticipated to reach an impressive USD 32.34 billion by the end of the forecast period. This growth trajectory is underpinned by a combination of regulatory, technological, and consumer-driven factors shaping the automotive

All 5 Releases


More Releases for Bicycle

High-End Bicycle Market Size, Growth Analysis 2031 by Key Vendors- Derby Cycle, …
USA, New Jersey: According to Verified Market Reports analysis, the global High-End Bicycle Market size stood at USD 10.24 Billion in 2024 and is forecast to achieve USD 15.67 Billion by 2033, registering a 5.1% CAGR from 2026 to 2033. What is the current outlook of the high-end bicycle market? The high-end bicycle market is experiencing steady growth, driven by increasing consumer interest in premium cycling experiences, sustainability, and advanced bike technologies.
High-End Bicycle Market to Witness Revolutionary Growth by 2028 | Derby Cycle, G …
High-End Bicycle Market 2023 Forecast: Unveiling Opportunities and Growth High-End Bicycle Market research report helps to recognize the market challenges and opportunities. Global High-End Bicycle Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of every area including the volume of
Sports Bicycle Market Is in Huge demand | Trek Bicycle, Raleigh Bicycle, Kestrel …
Global Sports Bicycle Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved
Road Bicycle Market to Eyewitness Huge Growth by 2028 : Brompton Bicycle, Dorel …
The latest study released on the Global Road Bicycle Market by AMA Research evaluates market size, trend, and forecast to 2028. The Road Bicycle market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download Sample Report
Bicycle Helmet market Projected To Grow 2.7% Cagr Through 2025 | Trek Bicycle Co …
Bicycling is a type of sport, which is carried out for fitness purpose or as a fun activity. Wearing helmet while riding a bicycle is advised to prevent head injuries caused due to accidents. Bicycle helmets are classified based on its use such as helmet for road cycling, helmet for mountain cycling, and fitness cycling applications. The global Bicycle Helmet market is valued at 636.2 million in 2020 and is expected
Global Sports Bicycle Market Forecast 2018-2025 Atlas Cycles, Bianchi Bicycle, G …
Recently added detailed market study "Global Sports Bicycle Market" examines the performance of the Sports Bicycle market 2018. It encloses an in-depth Research of the Sports Bicycle market state and the competitive landscape globally. This report analyzes the potential of Sports Bicycle market in the present and the future prospects from various angles in detail. The Global Sports Bicycle Market 2018 report includes Sports Bicycle market Revenue, market Share, Sports Bicycle