Press release
Global Bicycle Market to Reach USD 135.63 Billion by 2030, Growing at a 9.8% CAGR
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐๐๐๐ก ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐The global bicycle market, valued at USD 70.49 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 9.8%, reaching nearly USD 135.63 billion by 2030.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
The surge in bicycle demand is attributed to increasing environmental awareness and a shift towards sustainable transportation. The COVID-19 pandemic further accelerated this trend, as individuals sought safer and healthier travel alternatives. Government initiatives worldwide are promoting cycling infrastructure and offering incentives to encourage bicycle usage.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam is experiencing a growing interest in cycling, driven by urbanization and a young, health-conscious population. The government's efforts to reduce traffic congestion and pollution are fostering a favorable environment for bicycle market growth.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/20033/
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐ข๐ง๐
China remains a dominant player in bicycle manufacturing and consumption. The rise of bike-sharing programs and the integration of electric bicycles (e-bikes) have significantly contributed to market expansion. Companies like ๐๐ข๐๐ง๐ญ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐ข๐ง๐ ๐๐จ. ๐๐ญ๐ are leading the industry with innovative products.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's tourism sector is promoting cycling tours, enhancing the demand for bicycles. Additionally, urban areas are witnessing an increase in cycling as a mode of daily transportation, supported by government policies.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's aging population is turning to bicycles, particularly e-bikes, for mobility. The country's focus on health and fitness, along with well-developed cycling infrastructure, supports market growth.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is investing in cycling infrastructure and promoting bicycles as an eco-friendly transportation option. The popularity of recreational cycling is also on the rise, contributing to market expansion.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's commitment to becoming a car-lite society is evident through its extensive cycling network plans. The government's initiatives are creating opportunities for bicycle manufacturers and retailers.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. bicycle market is experiencing growth due to increased health awareness and environmental concerns. The popularity of e-bikes is notably rising, with companies like ๐๐ซ๐๐ค ๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง expanding their product lines.
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe is witnessing a cycling renaissance, with countries like the Netherlands and Denmark leading in bicycle usage. Government policies and infrastructure development are key drivers. Notably, ๐๐ซ๐จ๐ฆ๐ฉ๐ญ๐จ๐ง the UK's largest bicycle maker, secured a ยฃ16 million investment from BGF, strengthening its position in the market.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/20033/
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Mountain Bikes
Hybrid Bikes
Road Bikes
Cargo Bikes
Others
Road bicycles were the most popular product in the bicycle market in 2023, according to product analysis. The main reasons road bikes have taken over the bicycle market are their efficiency, adaptability, and appeal to riders of all skill levels. These bikes are perfect for long-distance riding, fitness, racing, and commuting because they are made especially to be quick and efficient on paved roads. Technological developments have produced aerodynamic designs and lightweight materials that improve speed and agility. Additionally, the demand for high-performance road bikes has increased as cycling has become more popular as a recreational and competitive sport.
๐๐ฒ ๐๐๐ฌ๐ข๐ ๐ง
Folding
Regular
Considering Design In 2023, the design segment of the bicycle market was dominated by the Regular sub-segment. because to its broad popularity, ease of use, and versatility. Traditional bicycle designs fall under this category since they are well-known and practical. They provide a broad audience, from casual riders to commuters and enthusiasts, providing a reliable means of transportation and recreation.
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Electric
Conventional
๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Men
Women
Kids
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Online
Offline
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/market-report/global-bicycle-market/20033/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ :
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
Europe
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
APAC
19. La Bicycle
20. Merida Industry Co., Ltd.
21. Hero Cycles Ltd.
22. BSA Cycles Ltd.
23. KHS Bicycles
24. Velotric Bike
South America
25. Ossby
26. Sense Bike
27. Oggi Bikes
28. Groove Bikes
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐๐ฒ๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ:
What is Bicycle ?
What is the growth rate of the Bicycle Market?
Which are the factors expected to drive the Bicycle market growth?
What is the CAGR at which the Bicycle market will grow during the forecast period?
What are the different segments of the Bicycle Market?
Which is the fastest growing region in the Bicycle market?
What growth strategies are the players considering to increase their presence in Bicycle ?
What are the upcoming opportunities and trends for the Bicycle Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Bicycle Market?
Who are the leading companies and what are their portfolios in Bicycle Market?
What segments are covered in the Bicycle Market?
Who are the key players in the Bicycle market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/20033/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Lobster Market https://www.maximizemarketresearch.com/market-report/lobster-market/217529/
โฆ Global Self-Checkout Systems Market https://www.maximizemarketresearch.com/market-report/global-self-checkout-systems-market/30095/
โฆ Mobile Wallet Market https://www.maximizemarketresearch.com/market-report/global-mobile-wallet-market/61198/
โฆ LMS Market https://www.maximizemarketresearch.com/market-report/global-lms-market/55012/
โฆ VCSEL Market https://www.maximizemarketresearch.com/market-report/vcsel-market/11592/
โฆ Plastic Recycling Market https://www.maximizemarketresearch.com/market-report/global-plastic-recycling-market/55199/
โฆ Microalgae market https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/
โฆ storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/
โฆ Digital Payment Market https://www.maximizemarketresearch.com/market-report/digital-payment-market/16835/
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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๐๐๐๐๐ก ๐๐ฎ๐ญ ๐ญ๐จ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :
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