Global Bicycle Market Surges with Green Mobility and Smart Tech Innovations

Mordor Intelligence has published a new report on the Bicycle Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

The global bicycle market is poised for significant growth, with projections indicating an increase from USD 58.52 billion in 2025 to USD 71.88 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.2% during this period. This surge is primarily attributed to rising environmental consciousness, advancements in technology, and substantial investments in cycling infrastructure worldwide.

The bicycle industry is undergoing a transformative phase, propelled by a global shift towards sustainable transportation and the integration of advanced technologies. As urban centers grapple with traffic congestion and pollution, bicycles have emerged as a viable solution for eco-friendly commuting and recreation. The increasing adoption of electric bicycles (e-bikes) and the development of smart biking solutions are further enhancing the appeal of cycling across diverse demographics.

Report Overview: https://www.mordorintelligence.com/industry-reports/bicycle-market

Key Trends

1. Technological Advancements

Manufacturers are leveraging artificial intelligence (AI) to refine product development, forecast consumer demand, and streamline supply chain operations. The advent of connected bicycles, featuring GPS tracking, smartphone integration, and performance monitoring, is revolutionizing the cycling experience. In the e-bike segment, innovations in power assistance systems and battery technologies are extending range and performance capabilities.

2. Infrastructure Investments

Governments worldwide are making substantial investments in cycling infrastructure to promote sustainable urban mobility. For instance, the Netherlands allocated approximately USD 1.2 billion in November 2022 for cycling infrastructure development. Similarly, in May 2023, the French government announced a comprehensive EUR 2 billion investment plan through 2027 to enhance cycle infrastructure and encourage bicycle adoption.

3. Rising Popularity of E-Bikes

E-bikes are gaining traction due to their convenience and efficiency, particularly in urban commuting. The global e-bike market is expected to reach USD 38.08 billion in 2025 and grow at a CAGR of 7.98% to reach USD 51.78 billion by 2029. This growth is driven by technological advancements, increasing environmental awareness, and supportive government policies.

Market Segmentation

The bicycle market is segmented based on type, distribution channel, and geography.

By Type:

Road Bicycles: Designed for speed on paved roads, popular among fitness enthusiasts and commuters.

Hybrid Bicycles: Combining features of road and mountain bikes, suitable for diverse terrains.

All-Terrain Bicycles (Mountain Bikes): Built for off-road cycling, favored by adventure seekers.

E-Bicycles: Equipped with electric motors, ideal for effortless commuting and extended rides.

Other Types: Including folding bikes, cargo bikes, and specialty models.

By Distribution Channel:

Offline Retail Stores: Traditional brick-and-mortar shops offering personalized services.

Online Retail Stores: E-commerce platforms providing convenience and a wide range of options.

By Geography:

North America: Experiencing growth with increasing adoption of e-bikes and supportive infrastructure developments.

Europe: Leading the market with a strong cycling culture and significant investments in bike-friendly infrastructure.

Asia-Pacific: Rapidly expanding market due to urbanization, health consciousness, and government initiatives promoting cycling.

South America: Emerging market with growing interest in cycling for both transportation and recreation.

Middle East & Africa: Gradually adopting cycling, with potential for growth as infrastructure develops.

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Key Players

The bicycle market comprises several key players driving innovation and competition:

Trek Bicycle Corporation: A leading manufacturer known for its wide range of bicycles and commitment to quality.

Giant Manufacturing Co. Ltd.: One of the world's largest bicycle manufacturers, offering a diverse portfolio of bikes.

Accell Group N.V.: A prominent player with a focus on e-bikes and a strong presence in the European market.

Pon Holdings BV: An international company with a portfolio of premium bicycle brands.

Merida Industry Co. Ltd.: Known for its innovative designs and extensive range of bicycles catering to various segments.

Conclusion

The global bicycle market is on an upward trajectory, driven by a confluence of factors including technological innovations, environmental awareness, and substantial infrastructure investments. As consumers increasingly seek sustainable and efficient modes of transportation, the bicycle industry is well-positioned to meet these demands with diverse and advanced offerings. The continued focus on e-bikes and smart technologies is expected to further propel market growth in the coming years.

Industry Related Reports

Europe Bicycle Market: The European cycling industry is segmented based on type, distribution channel, and geography. By type, the market includes road bicycles, hybrid bicycles, all-terrain bicycles, e-bicycles, and other types. In terms of distribution channels, the industry is divided into offline retail stores and online retail stores. Geographically, the market covers Spain, the United Kingdom, Germany, France, Italy, the Netherlands, and the rest of Europe.

To know more visit this link: https://www.mordorintelligence.com/industry-reports/europe-bicycle-market

Asia-Pacific Bicycle Market: The Asia-Pacific bicycle market is categorized based on type, distribution channel, and country. By type, the market includes road bicycles, hybrid bicycles, all-terrain bicycles, e-bicycles, and other types. In terms of distribution channels, it is divided into offline retail stores and online retail stores. Geographically, the market covers India, Australia, China, Japan, and the rest of the Asia-Pacific region.

To know more visit this link: https://www.mordorintelligence.com/industry-reports/asia-pacific-bicycle-industry

North America Bicycle Market: The report analyzes the market share and industry size of the North American bicycle market, segmented by type, distribution channel, and geography. By type, the market includes road bicycles, hybrid bicycles, all-terrain bicycles, e-bicycles, and other types. In terms of distribution channels, it is divided into offline retail stores and online retail stores. Geographically, the market covers the United States, Canada, Mexico, and the rest of North America.

To know more visit this link: https://www.mordorintelligence.com/industry-reports/north-america-bicycle-market

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