India Bicycle Market Poised for Strong Growth, Set to Hit USD 5.06 Billion by 2034 at 5.65% CAGR

India Bicycle Market: Report Introduction

According to IMARC Group's report titled "India Bicycle Market Size, Share, Growth and Forecast 2034" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

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Bicycle Market in India: Overview (2025-2033)

The India bicycle market size was valued at USD 3.08 Billion in 2025 and is projected to reach USD 5.06 Billion by 2034, growing at a compound annual growth rate (CAGR) of 5.65% during the forecast period from 2026 to 2034. The market growth is propelled by increasing health consciousness, environmental awareness, and rising urban traffic congestion prompting alternative transport modes, supported by government initiatives promoting cycling infrastructure and a growing fitness-oriented cycling culture.

Key Takeaways
• Current Market Size: USD 3.08 Billion (2025)
• CAGR: 5.65%
• Forecast Period: 2026-2034

• By Type: Road bicycle dominates with a 28.53% market share in 2025, favored for commuting, fitness, and recreational cycling.

• By Technology: Conventional bicycles lead with a 72.24% share in 2025 due to affordability and ease of maintenance.

• By Price: Mid-range bicycles represent the largest segment with 71.91% market share, balancing quality and affordability.

• By Distribution Channel: Offline stores dominate with 82.85% share, preferred for physical examination and test rides.

• By End User: Men constitute the largest segment with 54.26% share, supported by traditional cycling culture.

• By Region: North India leads with 33% market share, driven by manufacturing clusters and dense urban populations.

India Bicycle Market Growth Factors

• Growing interest in healthy living is motivating consumers to participate more actively in cycling and fitness activities.

• Increasing environmental awareness among consumers is driving support for cleaner, more sustainable modes of transportation such as cycling.

• Rising urban traffic congestion is boosting the popularity of bicycles as an efficient and time-saving commuting option.

• Government funding is supporting the development of cycling-friendly infrastructure in smart cities.

• A fitness-focused cycling culture continues to expand, particularly among urban populations.

• Cycling adoption is rising in cities with the construction of dedicated cycling infrastructure, including bike lanes and bike-sharing programs.

• Bicycles are increasingly being purchased due to their economic advantages and eco-friendly characteristics.

• Demand is growing for higher-quality bicycles that offer improved functionality and long-term durability across all cycling segments.

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India Bicycle Market Trends

• Urban electric bikes are becoming an essential part of urban cyclists' daily lives, offering efficient commuting combined with health and fitness benefits through pedal assistance.

• eBikeGo brands are expanding their retail presence across major Indian cities to support the rising adoption of e-bikes.

• Demand for premium bicycles is being driven by fitness-focused consumers and cycling enthusiasts seeking technologically advanced, high-performance models.

• Global manufacturers, especially from Germany, are introducing high-tech bicycles with advanced engineering and cutting-edge technology.

• Smart technologies such as IoT, GPS, and mobile applications are increasingly integrated to enhance the riding experience.

• Connected features allow users to track performance, monitor routes, and improve bicycle security through app-based support.

• Retail diversification, with the introduction of road and city bicycles, is expanding consumer choices.

• Improvements in urban infrastructure, including dedicated bike lanes, are boosting the usage of road bicycles.

• The growing popularity of cycling events and recreational cycling groups is driving demand for specialized bicycles.

India Bicycle Market Segmentation
Type

• Road Bicycle: Dominates with a 28.53% market share in 2025, favored for commuting, fitness, and recreational applications with lightweight and aerodynamic design.

• Mountain Bicycle
• Hybrid Bicycle
• Others

Technology

• Conventional: Leads with a 72.24% share in 2025, valued for affordability, ease of maintenance, and widespread availability across urban and rural areas.

• Electric

Price

• Premium

• Mid-Range: Largest segment with 71.91% market share in 2025, balancing quality features and affordability for middle-class consumers.

• Low-Range

Distribution Channel

• Online Stores

• Offline Stores: Dominates with 82.85% share in 2025 due to consumer preference for physical inspection, test rides, and personalized service.

End User

• Men: Largest segment with 54.26% market share in 2025, supported by traditional culture and higher cycling participation.

• Women
• Kids

Regional Insights

• North India
• West and Central India
• South India
• East and Northeast India

North India dominates the market with a 33% share in 2025, fueled by major manufacturing hubs, high population density, and established retail networks. The market grows at a CAGR of 5.65% during 2026-2034, supported by infrastructure development and rising demand.

India Bicycle Market Recent Developments & News

In December 2025, Pune-based EMotorad launched the T-Rex Smart e-cycle, India's first smart connected e-cycle equipped with Bluetooth, GPS, app connectivity for tracking, geofencing, theft alerts, remote immobilizer, and SOS features. This marks a significant advancement in smart bicycle technology for urban commuters.

India Bicycle Market Key Highlights of the Report

• Comprehensive market analysis and forecast for 2026-2034.

• Detailed segmentation by type, technology, price, distribution channel, end user, and region.

• Insights into market drivers, trends, restraints, and opportunities.

• Competitive landscape and key player strategies.

• Coverage of recent technological advancements and infrastructure initiatives.

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