Bicycle Market Growth, Size, Revenue Analysis, Top Leaders and Forecast 2029

Bicycle Market is anticipated to reach USD 94.25 Bn by 2029 from USD 58.31 Bn in 2022 at a CAGR of 7.1% during a forecast period.

Bicycle Market Report Scope and Research Methodology

Report Scope:

The report provides valuable insights into the global Bicycle Market. It considers 2022 as the base year, factoring in the actual output of companies during that period. Special attention is given to the effects of lockdown, which had an impact on demand and supply in 2020. The report also analyzes the expected repercussions of lockdowns in the next two years.

Research Methodology:

The research methodology of this report involves collecting data from industry participants, enabling a comprehensive analysis of the period from 2017 to 2020. The report not only identifies market drivers but also explores restraints, opportunities, and challenges within the global Bicycle Market.

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What are Bicycle Market Dynamics?

Market Drivers:

Rising Use in Trekking and Leisure Activities: Bicycles are expected to see increased use in trekking, leisure activities, and cycling competitions, both as general transportation and sports. The market is further fueled by celebrity endorsements and media coverage of such events.

Government Initiatives: Government measures to promote cycling are important for market growth. New technologies and advanced manufacturing techniques, especially in sports and mountain bikes, are expected to make cycling more attractive.

Cycle Tourism: The tourism sector's popularity is on the rise globally, contributing to market growth. Countries are investing in cycle tourism projects to generate revenue.

Corporate Adoption: Many corporate offices in developed regions are promoting bicycles and electric vehicles within their campuses to improve air quality and reduce pollution. They have introduced mandatory biking policies for employees.

Advanced Material Science: Advances in material science enable the production of ultra-lightweight bicycles, which are highly sought after.

Bicycle Market Segmentation?

by Product
Mountain Bikes
Hybrid/Cross
Road
Cruisers
Electric

by Price
Premium
Mid-range
Low-range

by End User
Men
Women
Kids

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Who are Bicycle Market Key Players?

1. Giant Bicycles Inc.
2. Atlas Cycles Ltd
3. Derby Cycle Holding GmbH
4. Trek Bicycle Corporation
5. Avon Cycles Ltd.
6. Zhonglu Co., Ltd
7. Accell Group N.V.
8. Tube Investments of India Limited
9. Dorel Industries Inc.
10. Merida Industry Co., Ltd
11. Tandem Group plc
12. Samchuly Bicycle Co., Ltd
13. F.I.V.E. Bianchi S.p.A
14. Specialized Bicycle Components
15. Hamilton Industries Pvt. Ltd

Table of content for the Bicycle Market includes:

Part 01: Executive Summary

Part 02: Scope of the Bicycle Market Report

Part 03: Global Bicycle Market Landscape

Part 04: Global Bicycle Market Sizing

Part 05: Global Bicycle Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific: In 2022, this region dominated the global Bicycle Market, accounting for 64% of the total market share. Countries like China, Japan, Australia, India, and South Korea are leading contributors. Growing participation in cycling competitions and government programs are expected to drive demand.

Europe: The European market is growing due to the region's increasing outdoor and leisure activities. Electric bikes are gaining popularity, thanks to government efforts such as the installation of charging stations in countries like Germany, Norway, and the UK.

North America: The rising popularity of e-bikes in the United States and Canada is expected to drive market growth, thanks to increased consumer spending on outdoor activities.

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