Global Bicycle Market Growth 2023-2029

Global Bicycle Market Growth 2023-2029

Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat.
LPI (LP Information)' newest research report, the “Bicycle Industry Forecast” looks at past sales and reviews total world Bicycle sales in 2022, providing a comprehensive analysis by region and market sector of projected Bicycle sales for 2023 through 2029. With Bicycle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bicycle industry.
This Insight Report provides a comprehensive analysis of the global Bicycle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bicycle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bicycle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bicycle and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bicycle.
The global Bicycle market size is projected to grow from US$ 32210 million in 2022 to US$ 42230 million in 2029; it is expected to grow at a CAGR of 42230 from 2023 to 2029.
Global Bicycle key players include Giant Bicycles, Merida, Trek, Hero Cycles, TI Cycles, etc. Global top five manufacturers hold a share about 20%. Europe is the largest market, with a share about 40%, followed by North America, with a share about 30 percent. In terms of product, 20 Inch is the largest segment, with a share about 35%. And in terms of application, the largest application is Transportation Tools, followed by Recreation, Physical Training, Racing, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
20 Inch
24 Inch
26 Inch
27 Inch
Others
Segmentation by application
Transportation Tools
Recreation
Racing
Physical Training
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Giant Bicycles
Hero Cycles
TI Cycles
Trek
Shanghai Phonex
Atlas
Flying Pigeon
Merida
Xidesheng Bicycle
OMYO
Emmelle
Avon Cycles
Tianjin Battle
Cannondale
Libahuang
Specialized
Trinx Bikes
DAHON
Cycoo
Bridgestone Cycle
Laux (Tianjin)
Samchuly Bicycle
Cube
Pacific Cycles
Derby Cycle
Grimaldi Industri
Gazelle
KHS
Forever
Scott Sports
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bicycle market?
What factors are driving Bicycle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bicycle market opportunities vary by end market size?
How does Bicycle break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.