Bicycle Market Set for Steady Growth, Estimated to Reach US$ 108.93 Billion by 2030 at a 7% CAGR

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 67.83 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7% from 2024 to 2030, reaching nearly USD 108.93 billion by 2030. This growth is driven by increasing consumer interest in eco-friendly transportation and recreational activities.

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Bicycles, offering an eco-friendly and versatile mode of transportation, encompass various types like mountain bikes, electric bikes, and cargo bikes. Cycling is gaining traction globally, particularly in Europe and North America, due to its environmental benefits and popularity in recreational and sporting events such as the Tour de France. Cycling clubs and associations are actively promoting the activity, bolstering demand. Governments and urban planners are increasingly integrating bike-friendly infrastructure to support urban cycling trends, adding momentum to the market.

𝐓𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐠𝐨 𝐭𝐨:https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

The growing number of cycling events and recreational activities is a key driver of the Bicycle Market. Celebrity endorsements, media coverage, and government initiatives promoting cycling as a sport and a sustainable transportation method have significantly increased its adoption. Moreover, the rising use of app-based dockless bike-sharing systems and traffic congestion in urban areas are boosting demand. Governments in regions like Europe and Asia-Pacific are actively investing in infrastructure to make cycling more accessible and convenient.

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The rise of electric bicycles (e-bikes), equipped with advanced batteries and features, represents a major trend in the market. E-bikes are gaining popularity due to their efficiency and convenience, especially in metropolitan areas. Additionally, advancements in lightweight and high-durability materials are enhancing the appeal of premium bicycle models. Companies are expanding their offerings by integrating fitness apps and GPS-based features, catering to the fitness-conscious consumer base. The focus on sustainable mobility and urban infrastructure development further underscores the market's growth trajectory.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.stellarmr.com/report/enquire_now/Bicycle-Market/179

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's bicycle market is flourishing due to the increasing adoption of eco-friendly transportation. Companies like Thống Nhất Bicycle are expanding their product portfolios to include electric and smart bicycles. The government's promotion of sustainable mobility, coupled with rising urbanization, is driving market growth in Vietnam.

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's bicycle market is gaining traction with the growing popularity of recreational cycling and eco-tourism. Collaborations between local manufacturers and global brands, such as Trek Bicycle Thailand, have enhanced the availability of premium bicycles. Additionally, cycling infrastructure developments are boosting demand across urban and rural areas.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Japan is a pioneer in bicycle innovation, with companies like Shimano Inc. and Panasonic Cycle Technology Co. leading the market. The increasing demand for e-bikes and folding bicycles, coupled with government incentives for green mobility, is fueling growth. Japan's emphasis on quality and advanced features ensures its stronghold in the global market.

𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's bicycle market is expanding rapidly, driven by the government's push for active transportation and reduced carbon emissions. Leading brands like Samchuly Bicycle are investing in electric and hybrid models to cater to diverse consumer needs. The success of cycling events and campaigns has further propelled market growth.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞'𝐬 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Singapore's bicycle market is thriving, supported by its robust cycling infrastructure and government-backed initiatives to promote green commuting. Companies like Mobike Singapore are introducing innovative bike-sharing solutions to cater to urban commuters. The city-state's strategic focus on sustainability and smart transportation is bolstering market expansion.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The United States is a key player in the global bicycle market, with rising demand for e-bikes and fitness bicycles. Recent acquisitions, such as Dorel Industries' cycling segment being acquired by Pon Holdings, have consolidated operations and expanded product offerings. The surge in outdoor activities post-pandemic continues to drive market growth in the US.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Europe's bicycle market remains a global leader, driven by strong demand for e-bikes and cargo bikes. Companies like Giant Bicycles and Accell Group are focusing on sustainable manufacturing practices and innovative designs. The European Union's initiatives to promote cycling as a primary mode of transportation are further accelerating industry growth.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

by Type

Cargo electric bike
Non-cargo electric bike
Cargo non electric bike
Non-cargo non electric bike

by Product

Mountain
Road
Hybrid

by End User

Men
Women
Kids

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

Accell Group
Trek Bicycle Corporation
Dorel Industries Inc.
Pon Holdings BV
Giant Manufacturing Co. Ltd
Bulls
Pedego Inc.
Benno Bikes LLC
Ribble Cycles
Cervélo
Merida industry co., ltd.
Olympus bikes
Scott sports SA
Specialized bicycle components, Inc.
Kona bicycle company

𝐒𝐞𝐞𝐤𝐢𝐧𝐠 𝐝𝐞𝐞𝐩 𝐦𝐚𝐫𝐤𝐞𝐭 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞? 𝐓𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟𝐟𝐞𝐫𝐬 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://www.stellarmr.com/report/Bicycle-Market/179

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Vibration Monitoring Market https://www.stellarmr.com/report/Vibration-Monitoring-Market/411
Advanced Robotics in Automotive Market https://www.stellarmr.com/report/Advanced-Robotics-in-Automotive-Market/425
Raman Spectroscopy Market https://www.stellarmr.com/report/Raman-Spectroscopy-Market/433
Predictive Maintenance in Automotive Market https://www.stellarmr.com/report/Predictive-Maintenance-in-Automotive-Market/435
SATCOM on the Move Market https://www.stellarmr.com/report/SATCOM-on-the-Move-Market/453
Wood Chips Market https://www.stellarmr.com/report/Wood-Chips-Market/485
Process Analyzer Market https://www.stellarmr.com/report/Process-Analyzer-Market/488
Robotic Process Automation (RPA) in Automotive Market https://www.stellarmr.com/report/Robotic-Process-Automation--RPA--in-Automotive-Market/493
Furniture Market https://www.stellarmr.com/report/Furniture-Market/506
Industrial Power Transmission Market https://www.stellarmr.com/report/Industrial-Power-Transmission-Market/524

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