Press release
Bicycle Market to Reach USD 135.63 Billion by 2030, Growing at a 9.8% CAGR from 2023
Bicycle Market
The global bicycle market has been witnessing significant growth, driven by increasing awareness about sustainable transportation, rising health consciousness, and advancements in bicycle technology. Valued at USD 70.49 billion in 2023, the market is projected to grow at a robust CAGR of 9.8% from 2024 to 2030, reaching a valuation of USD 135.63 billion by 2030.
This press release delves into key regional insights, recent developments, and market opportunities across Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe. The competitive landscape and mergers and acquisitions of leading companies like ๐๐ก๐ข๐ฆ๐๐ง๐จ ๐๐ง๐., ๐๐ข๐๐ง๐ญ ๐๐ข๐๐ฒ๐๐ฅ๐๐ฌ, ๐๐๐ซ๐จ ๐๐ฒ๐๐ฅ๐๐ฌ, and others are highlighted.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20033/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Growth Opportunities in Vietnam: Vietnam's bicycle market is booming, with a significant push from the government promoting eco-friendly transportation. Increasing cycling tourism has further fueled demand.
Trends in Vietnam: The growing trend of electric bicycles (e-bikes) and lightweight bicycles has captured consumer interest, driving innovation in the market.
Consolidation in Vietnam: Partnerships between local manufacturers and international brands like Giant Bicycles and Yadea Group have strengthened market footholds.
Updation in Vietnam: Recent advancements include the launch of foldable bicycles tailored for urban commuting.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ซ๐ข๐ณ๐จ๐ง๐ฌ ๐๐จ๐ซ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Growth Opportunities in Thailand: The market is experiencing growth due to rising fitness trends and government initiatives to develop cycling lanes in major cities.
Trends in Thailand: Hybrid bicycles for city and countryside use are gaining popularity.
Consolidation in Thailand: Companies like Trek Bicycle Corporation are collaborating with local distributors to enhance supply chains.
Updation in Thailand: Thailand witnessed a major cycling event in 2024, which boosted bicycle sales significantly.
๐๐๐ฉ๐๐ง: ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Growth in Japan: Japan's focus on sustainable urban mobility has driven an increase in bicycle adoption.
Trends in Japan: High-tech e-bikes equipped with IoT features are dominating the Japanese market.
Consolidation in Japan: Acquisitions such as Panasonic Cycle Technology merging with local players have streamlined operations.
Updation in Japan: New regulations supporting the use of electric bicycles were implemented in 2024, enhancing market dynamics.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20033/
๐๐ก๐ข๐ง๐: ๐๐ง๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ข๐ง ๐๐ก๐ข๐ง๐
Growth in China: As the largest bicycle producer globally, China's market continues to thrive, driven by exports and domestic demand.
Trends in China: The rise of bike-sharing platforms like HelloBike and Ofo has reshaped urban transportation.
Consolidation in China: Major mergers include Merida Industry Co., Ltd. expanding its manufacturing capabilities in 2024.
Updation in China: Advanced production facilities for high-performance bicycles were established in key provinces.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐ฏ๐ ๐๐ซ๐๐ง๐๐ฌ ๐๐ก๐๐ฉ๐ข๐ง๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
Opportunities in South Korea: Growing interest in cycling for fitness and leisure has led to an uptick in sales.
Trends in South Korea: Smart bicycles integrated with tracking systems are becoming popular.
Consolidation in South Korea: Collaborations between KMC Chain Industrial Co. Ltd. and South Korean distributors have bolstered market presence.
Updation in South Korea: The government has invested in creating cycling lanes in Seoul to encourage eco-friendly commuting.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Growth in Singapore: With limited land area, bicycles are emerging as a practical and eco-friendly transportation solution.
Trends in Singapore: E-bikes tailored for last-mile connectivity are in high demand.
Consolidation in Singapore: Partnerships between Brompton Bicycle Ltd. and local retailers are enhancing accessibility.
Updation in Singapore: Recent policy revisions on electric bicycle safety standards were introduced in 2024.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20033/
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐๐ฒ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ
Growth in the US: The bicycle market in the US is expanding due to growing interest in outdoor activities and fitness.
Trends in the US: Mountain bicycles and e-bikes are leading segments.
Consolidation in the US: Acquisitions such as Cannondale acquiring niche brands have consolidated market share.
Updation in the US: New subsidies for electric bicycles under clean energy initiatives have bolstered sales.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ
Opportunities in Europe: Europe remains a leader in bicycle adoption, driven by its robust cycling culture and environmental policies.
Trends in Europe: Cargo bikes for urban deliveries are gaining traction.
Consolidation in Europe: Major players like Accell Group have acquired smaller companies to strengthen their position.
Updation in Europe: The European Commission's push for sustainable transportation policies in 2024 has positively impacted market growth.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Mountain Bikes
Hybrid Bikes
Road Bikes
Cargo Bikes
Others
๐๐ฒ ๐๐๐ฌ๐ข๐ ๐ง
Folding
Regular
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Electric
Conventional
๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Men
Women
Kids
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Online
Offline
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-bicycle-market/20033/
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
1. Specialized Bicycle Components, Inc.
2. Yeti Cycles
3. Kent Outdoors
4. Pivot Cycles
5. Intense Cycles
6. Diamondback Bicycles
7. Matthews Bicycle
8. LeMond
9. W.A.R Bikes
๐๐ฎ๐ซ๐จ๐ฉ๐
10. Origine Cycles
11. Pierer Mobility
12. Canyon Bicycles
13. Brompton Bicycle
14. Moustache Bikes
15. Colnago
16. Cross
17. Econic One
18. Pelago Bicycles
๐๐๐๐
19. La Bicycle
20. Merida Industry Co., Ltd.
21. Hero Cycles Ltd.
22. BSA Cycles Ltd.
23. KHS Bicycles
24. Velotric Bike
๐๐จ๐ฎ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
25. Ossby
26. Sense Bike
27. Oggi Bikes
28. Groove Bikes
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
โฆ Rope Rescue Harness Market https://www.maximizemarketresearch.com/market-report/rope-rescue-harness-market/146583/
โฆ Rubber Tire Market https://www.maximizemarketresearch.com/market-report/rubber-tire-market/128465/
โฆ Sea Freight Forwarding Market https://www.maximizemarketresearch.com/market-report/sea-freight-forwarding-market/189142/
โฆ Semi Autonomous Autonomous Vehicles Market https://www.maximizemarketresearch.com/market-report/semi-autonomous-autonomous-vehicles-market/1387/
โฆ Semi Trailer Market https://www.maximizemarketresearch.com/market-report/semi-trailer-market/1586/
โฆ Spare Parts Logistics Market https://www.maximizemarketresearch.com/market-report/spare-parts-logistics-market/187889/
โฆ Timing Belt Market https://www.maximizemarketresearch.com/market-report/timing-belt-market/22031/
โฆ Torque Vectoring Market https://www.maximizemarketresearch.com/market-report/torque-vectoring-market/185108/
โฆ Truck Rack Market https://www.maximizemarketresearch.com/market-report/truck-rack-market/146281/
โฆ United Kingdom Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/united-kingdom-electric-vehicle-market/64130/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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