Global Bicycle Market 2024-2028

Global Bicycle Market 2024-2028

The bicycle market is forecasted to grow by USD 25535.9 mn during 2023-2028, accelerating at a CAGR of 6.69% during the forecast period. The report on the bicycle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of bicycle sports events, health, environmental, and economic benefits of cycling, and government policies and initiatives promoting bicycles.

Technavio's bicycle market is segmented as below:

By Product

• On-road and track bicycles
• Off-road bicycles
• X-road and hybrid bicycles

By End-user

• Adults
• Children

By Distribution Channel

• Offline
• Online

By Propulsion

• Manual bicycles
• Motor-assisted bicycles

By Geography

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increasing popularity of bicycle rental services as one of the prime reasons driving the bicycle market growth during the next few years. Also, increase in demand for titanium-based bicycles and emergence of foldable bicycles will lead to sizable demand in the market.

The report on the bicycle market covers the following areas:

• Bicycle market sizing
• Bicycle market forecast
• Bicycle market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bicycle market vendors that include Accell Group NV, BH BIKES Europe SL, Brompton Bicycle Ltd., Cicli Pinarello Srl, DAHON North America Inc., Fiido, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Samchully Co.Ltd, Santa Cruz Bicycles LLC, SB Bike, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, Trek Bicycle Corp., Tube Investments of India Ltd., VAAN, Vassla AB, and Yamaha Motor Co. Ltd.. Also, the bicycle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.