Press release
Lucintel Forecasts Bicycle Market to Reach $62.0 billion

According to the recent study the bicycle market is projected to reach an estimated $62.0 billion by 2030 from $47.8 billion in 2023, at a CAGR of 4.0% from 2023 to 2030
According to the recent study the bicycle market [https://www.lucintel.com/bicycle-market-report.aspx] is projected to reach an estimated $62.0 billion by 2030 from $47.8 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily driven by raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Browse 130 figures / charts and 72 tables in this 178 -page report to understand trends, opportunities and forecast in bicycle market by type (road bicycle, mountain bicycle, kids bicycle, e-bicycle, and other bicycles) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Download sample by clicking on bicycle market
Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Giant Manufacturing, Merida Industry Co. Ltd., Accell Group NV, Dorel Industry, Tube Investment of India Ltd., Ideal Bike Corporation, Hero Cycles Ltd are the major supplier in the bicycle market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel [http://www.lucintel.com/], we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
Explore Our Latest Publications
Fish Collagen Peptide Market
Fresh Onion and Shallot Market
Guanine Market
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=lucintel-forecasts-bicycle-market-to-reach-620-billion]
Phone: 972.636.5056
Address:8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lucintel Forecasts Bicycle Market to Reach $62.0 billion here
News-ID: 4085676 • Views: …
More Releases from ABNewswire

New Platform Simplifies Medicare Advantage Choices for Seniors Across the U.S.
Choosing the right Medicare Advantage plan just got a whole lot easier. CompareMedicareAdvantagePlans.org has launched as a one-stop resource for seniors seeking clear, unbiased, and comprehensive information about their healthcare options.
Medicare Advantage plans can be notoriously complex, often leaving seniors confused about benefits, costs, and coverage networks. CompareMedicareAdvantagePlans.org solves this problem by offering:
*
Side-by-Side Comparisons: Instantly see plan benefits, premiums, and coverage areas in one easy view.
*
Plain-Language Guides: Understand…

Endex Unveils Top 5 AI Applications Transforming Excel in 2025
The top AI Excel plugins in 2025 are Endex and Microsoft Copilot both offering unique advantages for modern finance teams. Finance professionals face unprecedented pressure to deliver faster, more accurate insights while maintaining audit-ready documentation. Recent market analysis shows AI-powered Excel tools have become essential for eliminating line-by-line review fatigue and accelerating complex modeling tasks. The rise of natural language processing (NLP)-a field of AI that enables computers to understand,…

QuoteIQ Reaches $30 Million Valuation as Fastest-Growing CRM for Home & Field Se …
Company rejects acquisition offers to maintain independence and user-focused culture
Savannah, Georgia - Sep 8, 2025 - QuoteIQ, the rapidly expanding customer relationship management (CRM) platform designed specifically for home and field service businesses, announced today that it has achieved a $30 million valuation while maintaining its position as the fastest-growing CRM in the home and field service industry. The company, co-founded by service business veterans Mike Vidan and Justin Rogers,…

As Demand for Pediatric Home Healthcare Grows, Atlanta Families Turn to Custom L …
ATLANTA, GA - September 8, 2025 - With more families seeking alternatives to hospital-based care in 2025, the demand for home-based pediatric healthcare has reached new heights-particularly among parents of children with complex medical needs. Custom Living Care, a premier in-home pediatric care provider in Atlanta, is answering that call by delivering skilled nursing and personal care directly to families' doorsteps.
Recent healthcare trends show that in-home care not only reduces…
More Releases for Lucintel
Lucintel Forecasts BRIC Composites Market
According to the recent study the BRIC composites market is projected to reach an estimated $25.0 billion by 2030 from $18.4 billion in 2023, at a CAGR of 5.0% from 2023 to 2030
According to the recent study the BRIC composites market [https://www.lucintel.com/bric-composites-market.aspx] is projected to reach an estimated $25.0 billion by 2030 from $18.4 billion in 2023, at a CAGR of 5.0% from 2023 to 2030. Growth in this market…
Lucintel Forecasts FRP Pole Market to Reach $277.0 million
According to the recent study the FRP Pole Market is projected to reach an estimated $277.0 million by 2030 from $218.3 million in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles like rot and corrosion resistance, minimal maintenance, and easy installation over wood, steel, and other poles.
According…
Lucintel Forecasts Acrylonitrile Market to Reach $13.0 billion by 2023
According to the recent study the acrylonitrile market is projected to reach an estimated $13.0 billion by 2023 from $10.6 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene…
Lucintel Forecasts Recycled Carbon Fiber Market
According to the recent study the recycled carbon fiber market is projected to reach an estimated $103.0 million by 2030 from $59.20 million in 2023, at a CAGR of 8.0% from 2023 to 2030. Growth in this market is primarily driven by regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.
According to the recent study the recycled carbon fiber…
Lucintel Forecasts Magnetite Market to Reach $130.8 billion by 2026
According to the recent study the magnetite market is projected to reach an estimated $130.8 billion by 2026, at a CAGR of 5% from 2020 to 2026. Growth in this market is primarily driven by growing demand for high grade iron ore, increasing production of steel in China, growth in building and infrastructure development, and rapid industrialization.
Browse 106 figures / charts and 86 tables in this 169 -page report to…
Lucintel Leadership Quadrant and Strategic Positioning of Induction Motor Suppli …
Major players in induction motor market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the induction motor market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of…