How big is the Bicycle Market?

The Bicycle Market size is expected to reach USD 56.16 billion in 2024 and grow at a CAGR of 4.20% to reach USD 69 billion by 2029. Read More

What is the current Bicycle Market size?

In 2024, the Bicycle Market size is expected to reach USD 56.16 billion. Read More

Who are the key players in Bicycle Market?

Trek Bicycle Corporation, Pon Holdings BV, Giant Manufacturing Co. Ltd., Accell Group N.V. and Merida Industry Co. Ltd are the major companies operating in the Bicycle Market. Read More

Which is the fastest growing region in Bicycle Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Bicycle Market?

In 2024, the Asia-Pacific accounts for the largest market share in Bicycle Market. Read More

What years does this Bicycle Market cover, and what was the market size in 2023?

In 2023, the Bicycle Market size was estimated at USD 53.80 billion. The report covers the Bicycle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bicycle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which emerging technologies are shaping the future of Bicycles Market?

The technologies that are shaping the future of Bicycles Market are a) Imagine dedicated bike lanes synced with smart traffic lights and personalized navigation based on real-time conditions b) Eco-friendly materials, energy-efficient designs, and even solar-powered bikes are all contributing to a greener future for cycling Read More

Bicycle Market Report | Industry Analysis, Size & Forecast

Bicycle Market Report - Industry Analysis, Size & Forecast (2024-2029)

The Bicycle Market Report is Segmented by Type (Road Bicycle, Hybrid Bicycle, all Terrain Bicycle, E-Bicycle, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Competitive Landscape

The bicycle market is highly competitive, with many global and regional players. Major players in the market include Giant Manufacturing Co. Ltd, Accell Group, Trek Bicycle Corporation, Merida Industry Co. Ltd, and Pon Holdings BV. These key players are venturing into the manufacturing of innovative bicycles, embarking on partnerships with other players, mergers and acquisitions, and shaping up their online and offline marketing strategies to expand their presence in the global market. For instance, the company launched the Ribble Collective project to provide support and backing to a group of various British privateer riders across all cycling disciplines. With the brand's support, the new project aims for Ribble Collective riders to set out and achieve their own cycling goals across various events.