Bicycle Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032

Bicycle Market Overview and Definition

The bicycle market is the market for bicycles, which are human-powered vehicles consisting of two wheels and a frame. Bicycles are used for transportation, exercise, recreation, and sports, and are popular all around the world. The market includes various types of bicycles such as road bikes, mountain bikes, hybrid bikes, electric bikes, and others.

The bicycle market is driven by various factors such as growing environmental concerns, increasing health and fitness awareness, and rising fuel prices. Bicycles are considered a sustainable mode of transportation and are also cost-effective compared to other modes of transportation.

The bicycle market can be segmented based on product type, end-user, and geography. The product type segment includes road bikes, mountain bikes, hybrid bikes, electric bikes, and others. The end-user segment includes adults and children. Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The key players in the bicycle market include Giant Manufacturing Co. Ltd., Accell Group, Merida Industry Co. Ltd., Dorel Industries Inc., and Trek Bicycle Corporation. These companies offer a range of bicycles and related products such as accessories, clothing, and spare parts.

The bicycle market is highly competitive, with several large and small players offering a range of products and services. The market is characterized by the presence of several established players as well as new entrants. In recent years, there has been a growing trend towards e-bikes, which are electric bicycles that offer an alternative to traditional bicycles.

Growth Drivers & Barriers

Increasing adoption of green transportation coupled with rising health concerns among population is anticipated to impel the growth of the bicycle market during the forecast period. Apart from this, rising application of bicycle in trekking and recreational activities is expected to supplement the growth of the market.

Rise in the number of cycling events across the globe is believed to aid the growth of the global bicycle market. Addition to that, government of various nations are encouraging the adoption of bicycle to reduce carbon footprint. This is envisioned to strengthen the growth of the market in the years ahead.

Rising traffic congestion issues and rising fuel prices are few of the major factors which are believed to propel the market in the upcoming years. Furthermore, health related benefits of riding bicycles such as low obesity and others is also believed to create significant demand for bikes during the forecast period. Moreover, manufactures are continuously launching new bicycles with various advanced features which is gaining traction among consumers.

Regional Outlook:

In the terms of geography, the bicycle market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Asia Pacific is slated to account for highest percentage of market share in overall bicycle market during the forecast period. Europe bicycle market accounted for second position in overall bicycle market in 2019.

Segmentation

The research offers a comprehensive analysis of bicycle market with respect to following sub-markets:

By Product Type

- Sports
- Road
- Mountain
- Hybrid

By Demography

- Male
- Female

By Technology

- Electric
- Conventional

By Geography

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as;

- Accell Group
- Atlas Cycles Ltd.
- Dorel Industries
- Giant Bicycles
- Merida
- Specialized Bicycle Components
- Olympus Corp
- Scott Sports
- Cervelo Bicycles
- Trek Bicycle
- Others Major and Niche Key Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.

The study also provides company’s positioning and market share in Bicycle market.

Timeline Considered for Analysis:

- 2019: Base Year

- 2020: Estimated Year

- 2020 to 2025: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global bicycle market by the following segments:
- Product Type
- Demography
- Technology

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Key Questions Answered in the Global Bicycle Industry Report:

- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Barriers in Global Bicycle Market
3. Global Bicycle Market Trends
4. Opportunities in Global Bicycle Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Global Bicycle Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

8. Global Bicycle Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Market Attractiveness, By Product Type
8.3. BPS Analysis, By Product Type
8.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
8.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
8.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
8.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

9. Global Bicycle Market Segmentation Analysis, By Demography
9.1. Introduction
9.2. Market Attractiveness, By Demography
9.3. BPS Analysis, By Demography
9.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
9.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

10. Global Bicycle Market Segmentation Analysis, By Technology
10.1. Introduction
10.2. Market Attractiveness, By Technology
10.3. BPS Analysis, By Technology
10.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
10.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

11. Geographical Analysis
11.1. Introduction
11.2. North America Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.1. By Product Type
11.2.1.1. Introduction
11.2.1.2. Market Attractiveness, By Product Type
11.2.1.3. BPS Analysis, By Product Type
11.2.1.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.1.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.1.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.1.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.2. By Demography
11.2.2.1. Introduction
11.2.2.2. Market Attractiveness, By Demography
11.2.2.3. BPS Analysis, By Demography
11.2.2.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.2.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.3. By Technology
11.2.3.1. Introduction
11.2.3.2. Market Attractiveness, By Technology
11.2.3.3. BPS Analysis, By Technology
11.2.3.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.3.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.4. By Country
11.2.4.1. Introduction
11.2.4.2. Market Attractiveness, By Country
11.2.4.3. BPS Analysis, By Country
11.2.4.4. U.S. Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.2.4.5. Canada Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

11.3. Europe Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.1. By Product Type
11.3.1.1. Introduction
11.3.1.2. Market Attractiveness, By Product Type
11.3.1.3. BPS Analysis, By Product Type
11.3.1.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.1.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.1.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.1.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.2. By Demography
11.3.2.1. Introduction
11.3.2.2. Market Attractiveness, By Demography
11.3.2.3. BPS Analysis, By Demography
11.3.2.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.2.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.3. By Technology
11.3.3.1. Introduction
11.3.3.2. Market Attractiveness, By Technology
11.3.3.3. BPS Analysis, By Technology
11.3.3.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.3.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4. By Country
11.3.4.1. Introduction
11.3.4.2. Market Attractiveness, By Country
11.3.4.3. BPS Analysis, By Country
11.3.4.4. Germany Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.5. United Kingdom Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.6. France Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.7. Italy Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.8. Spain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.9. Russia Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.3.4.10. Rest of Europe Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

11.4. Asia Pacific Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.1. By Product Type
11.4.1.1. Introduction
11.4.1.2. Market Attractiveness, By Product Type
11.4.1.3. BPS Analysis, By Product Type
11.4.1.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.1.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.1.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.1.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.2. By Demography
11.4.2.1. Introduction
11.4.2.2. Market Attractiveness, By Demography
11.4.2.3. BPS Analysis, By Demography
11.4.2.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.2.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.3. By Technology
11.4.3.1. Introduction
11.4.3.2. Market Attractiveness, By Technology
11.4.3.3. BPS Analysis, By Technology
11.4.3.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.3.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4. By Country
11.4.4.1. Introduction
11.4.4.2. Market Attractiveness, By Country
11.4.4.3. BPS Analysis, By Country
11.4.4.4. China Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.5. India Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.6. Japan Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.7. South Korea Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.8. Indonesia Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.9. Taiwan Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.10. Australia Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.11. New Zealand Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.4.4.12. Rest of Asia Pacific Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

11.5. Latin America Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.1. By Product Type
11.5.1.1. Introduction
11.5.1.2. Market Attractiveness, By Product Type
11.5.1.3. BPS Analysis, By Product Type
11.5.1.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.1.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.1.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.1.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.2. By Demography
11.5.2.1. Introduction
11.5.2.2. Market Attractiveness, By Demography
11.5.2.3. BPS Analysis, By Demography
11.5.2.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.2.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.3. By Technology
11.5.3.1. Introduction
11.5.3.2. Market Attractiveness, By Technology
11.5.3.3. BPS Analysis, By Technology
11.5.3.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.3.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.4. By Country
11.5.4.1. Introduction
11.5.4.2. Market Attractiveness, By Country
11.5.4.3. BPS Analysis, By Country
11.5.4.4. Brazil Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.4.5. Mexico Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.5.4.6. Rest of Latin America Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

11.6. Middle East & Africa Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.1. By Product Type
11.6.1.1. Introduction
11.6.1.2. Market Attractiveness, By Product Type
11.6.1.3. BPS Analysis, By Product Type
11.6.1.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.1.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.1.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.1.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.2. By Demography
11.6.2.1. Introduction
11.6.2.2. Market Attractiveness, By Demography
11.6.2.3. BPS Analysis, By Demography
11.6.2.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.2.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.3. By Technology
11.6.3.1. Introduction
11.6.3.2. Market Attractiveness, By Technology
11.6.3.3. BPS Analysis, By Technology
11.6.3.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.3.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.4. By Geography
11.6.4.1. Introduction
11.6.4.2. Market Attractiveness, By Geography
11.6.4.3. BPS Analysis, By Geography
11.6.4.4. GCC Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.4.5. North Africa Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.4.6. South Africa Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025
11.6.4.7. Rest of Middle East & Africa Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2019-2025

12. Competitive Landscape
12.1. Market Share of Key Players
12.2. Market Positioning of Major Players in Global Bicycle Market
12.3. Company Profiles
12.3.1. Accell Group
12.3.2. Atlas Cycles Ltd.
12.3.3. Dorel Industries
12.3.4. Giant Bicycles
12.3.5. Merida
12.3.6. Specialized Bicycle Components
12.3.7. Olympus Corp
12.3.8. Scott Sports
12.3.9. Cervelo Bicycles
12.3.10. Trek Bicycle
12.3.11. Other Major & Niche Key Players