Bicycle Market, By Type (Road/Standard Bicycle, MTB/Racing Bicycle, Kids Bicycle, and E-bikes), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Report Code: PMI48119 | Publish Date: March 2024 | No. of Pages: 176

Global Bicycle Market By Type Overview

Introduction:

Bicycle is a pedal-driven, human-powered, single-track vehicle which has two wheels attached to a frame, one behind the other and a bicycle rider is called cyclist. It is an eco-friendly and inexpensive way of commute. Manual pedal bicycles do not require any external fuel source and electric- bicycles are assisting by electric power and have the option to be manually pedals. In addition, bicycles also assist to control pollution levels from other transportations and other environmental negative effect. Cycling is major sustainable mode of transportation, has no dependence on fossil fuels and has none emissions over the other motorized modes of transport. The global bicycle market accounted for US$ 56.6 billion in 2020 and is estimated to be US$ 106.85 billion by 2030 and is anticipated to register a CAGR of 6.6%.

Global Bicycle Market By Type Dynamics

Rising adoption of bicycle

Increasing adoption of bicycles due to increasing fuel prices is a key factor propelling growth of the global bicycle market. Growing health concerns and growing adoption of healthy lifestyle are factors fueling growth of the global bicycle market. In addition, increasing air pollution, government initiatives to promote safe and eco-friendly mode of transportation and increased expenditure for infrastructure development on cycle networks are expected to fuel growth of the global bicycle market. Furthermore, better quality of life, cost savings, and increasing preference among adults is resulting in increasing preference for bicycle in developed countries and supporting growth of the target market. Moreover, growing demand for sport bicycles among cycling athletes is also important factor expected to support growth of the global bicycle market over the forecast period.

However, high cost of raw materials is major factor expected to hamper growth of the global bicycle market. Increasing preference for technologically advanced walking equipment such as self-balancing scooter is expected to challenge growth of the global bicycle market to certain extent in the coming years. Continues innovation and research activities by manufacturers in bicycles are expected to create new lucrative opportunities for players operating in the global bicycle market.

Global Bicycle Market By Type Segmentation

The global bicycle market is segmented based on type, and region.

On the basis of type, the global bicycle market is segmented into road/standard bicycle, MTB/racing bicycle, kids’ bicycle, and e-bikes. and research.

Regional Insights:

The global bicycle market accounted for US$ 56.6 billion in 2020 and is estimated to be US$ 106.85 billion by 2030 and is anticipated to register a CAGR of 6.6%. On region the global bicycle market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific is expected to account for major revenue share in global bicycle market, followed by markets in another region. Presence of well-established bicycles brands in the country in the region. Increasing eco-friendly approach towards transportation and increasing government initiatives to promote cycling as safe mode of transportation, and presence of prominent players operating in countries such as India, Japan and China are some major factors expected to support growth of the Asia Pacific market over the forecast period. North America bicycle market accounted for second-highest market share in the global market followed by Europe. 

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Type- Road/Standard Bicycle, MTB/Racing Bicycle, Kids Bicycle, and E-bikes

 

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global bicycle market report based on type, and region.

Bicycle Market-Segmentation

Global Bicycle Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Bicycle Market By Type Key Players

The key players operating in the global bicycle market includes Derby Cycle Corporation, shimano Giant Manufacturing Co. Ltd., Fuji Corporation, Cannondale Corp., Atlas Group, Accell Group N.V., BSA Limited, Hercules Cycles, Hero Cycles Limited, Dorel Industries Inc., and Merida Industry Co. Ltd. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global bicycle market.

Global Bicycle Market By Type Company Profile

  • Derby Cycle Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • shimano Giant Manufacturing Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fuji Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cannondale Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Atlas Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Accell Group N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BSA Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hercules Cycles
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hero Cycles Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dorel Industries Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merida Industry Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Bicycle Market By Type Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Market Segmentation, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Road/Standard Bicycle
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • MTB/Racing Bicycle
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Kids Bicycle
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • E-bikes
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  1.  
    •  
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Australia
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • South Africa
        • Central Africa
        • North Africa
  2. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Derby Cycle Corporation.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • shimano Giant Manufacturing Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Fuji Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Cannondale Corp.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Atlas Group
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Accell Group N.V.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • BSA Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Hercules Cycles
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Hero Cycles Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Dorel Industries Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Merida Industry Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  3. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The global bicycle market is segmented based on type, and region.

Increasing adoption of bicycles due to increasing fuel prices is a key factor propelling growth of the global bicycle market.

The market in Asia Pacific is expected to account for major revenue share in global bicycle market.

Some of the prominent players operating in the global bicycle market include Derby Cycle Corporation, shimano Giant Manufacturing Co. Ltd., Fuji Corporation, Cannondale Corp., Atlas Group, Accell Group N.V., BSA Limited, Hercules Cycles, Hero Cycles Limited, Dorel Industries Inc., and Merida Industry Co. Ltd.