Market Overview

The Global Bicycle Market was valued at USD 60,120.6 million in 2023 and is expected to reach USD 89,777.5 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global bicycle market growth. The bicycle market encompasses the production, distribution, and sales of bicycles for various purposes such as transportation, recreation, fitness, and sports. This global industry includes traditional and electric bicycles, with diverse types, styles, and models to meet consumer preferences. Factors like technological advancements, environmental concerns, and urban mobility trends significantly influence the dynamic bicycle market.

The growing focus on sustainable transportation and increasing awareness of health benefits are driving bicycle market growth. Yet, challenges like inadequate cycling infrastructure and harsh weather conditions could impede market expansion.

Furthermore, the global bicycle industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Bicycle Market is segmented among Road Bicycle, Hybrid Bicycle, All Terrain Bicycle, E-bicycle, and Other Types, based on type. In 2023, Road Bicycle accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Bicycle Market is segmented among Offline Retail Stores, and Online Retail Stores, based on Distribution Channel. In 2023, Offline Retail Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Bicycle Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Accell Group NV, Trek Bicycle Corporation, Pon Holdings BV, Giant Manufacturing Co. Ltd, Bulls Bikes, Pedego Inc., Benno Bikes LLC, Hero Cycles Limited, Ribble Cycles, and Riese Und Muller Gmbh.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Bicycle Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Bicycle Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Bicycle Market Segmentation, By Type

• Global Bicycle Market Share Analysis, By Type

• Global Bicycle Market Growth Analysis, By Type

• Global Bicycle Market Trends, By Type

o Road Bicycle

o Hybrid Bicycle

o All Terrain Bicycle

o E-bicycle

o Other Types

6. Global Bicycle Market Segmentation, By Distribution Channel

• Global Bicycle Market Share Analysis, By Distribution Channel

• Global Bicycle Market Growth Analysis, By Distribution Channel

• Global Bicycle Market Trends, By Distribution Channel

o Offline Retail Channel

o Online Retail Stores

7. Global Bicycle Market Segmentation, By Region

• Global Bicycle Market Share Analysis, By Region

• Global Bicycle Market Growth Analysis, By Region

• Global Bicycle Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Accell Group NV*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Trek Bicycle Corporation

• Pon Holdings BV

• Giant Manufacturing Co. Ltd

• Bulls Bikes

• Pedego Inc.

• Benno Bikes LLC

• Hero Cycles Limited

• Ribble Cycles

• Riese Und Muller Gmbh     

 *Similar analysis will be provided for each company listed above.