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Bicycle Market By Product, End-User and Geography - Forecast 2023-2027

The bicycle market size is forecast to increase by USD 22.69 billion between 2022 and 2027, accelerating at a CAGR of 6.32%. In 2017, China held the largest market share, projecting an annual revenue of USD 80.48 billion. The research report of the Bicycle Market offers industry forecasts and segmentation based on Product including on-road and track bicycles, off-road bicycles, and x-road and hybrid bicycles. It also segments the market by Distribution Channel, which comprises both offline and online sales. Geographically, the report covers APAC, Europe, North America, South America, and Middle East and Africa. The market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments

What will be the Size of the Bicycle Market During the Forecast Period?

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Bicycle Market Analysis

The health, environmental, and economic benefits of cycling are some of the major determinants propelling the market expansion of the Bicycle Market.

Frequent exercise helps shield the body from conditions like diabetes, arthritis, cancer, heart disease, obesity, and mental illness. Regular bicycle riding lowers the risk of health problems linked to a sedentary lifestyle and helps maintain the body fit and healthy. All ages can benefit from riding a bicycle.

Compared to vehicles or motorcycles, which have high gasoline, insurance, and maintenance costs, bicycles are less expensive. Riding a bicycle also lessens noise and air pollution. Bicycles do not produce greenhouse gas emissions and are an environmentally friendly substitute for motor vehicles and motorcycles. The aforementioned factors suggest that the bicycles'market is likely to witness growth in demand over the course of the projection period.

Bicycle Market Segment Trends

The On-road and Track Bicycles Segment will be leading the Bicycle Market

The On-road and Track Bicycles segment was the largest segment and was valued at USD 22.77 billion in 2017. Bicycles meant for on-road use are meant for smooth surfaces. These bikes are made to be as efficient and fast as possible, with light frames and thin tyres. These bicycles' geometry and lowered handlebars cause users to lean forward while they pedal. They are able to ride in an aerodynamically optimal position as a result. These bicycles' thin tyres, lightweight frames, and gear systems allow riders to go large distances at a fast pace with efficiency.

Bicycle Market - Revenue Share by On-road and Track Bicycles Segment, 2017-2027

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APAC Holds a Prominent Position in the Bicycle Market

APAC is estimated to contribute 51% to the growth of the global market during the forecast period. The bicycle market in APAC is anticipated to grow at the fastest clip. Over the course of the forecast period, several factors are anticipated to propel the growth of the bicycle market in Asia-Pacific, including the rising demand for bicycles, an increase in health consciousness, growing environmental concerns to reduce CO2 emissions, rising urbanization and traffic congestion, and an increase in the use of personal transportation.

Bicycle use is becoming more popular as a substitute for other forms of transportation in nations like China, Japan, India, and New Zealand due to rising health consciousness. National road and track events, including cycling marathons, are coordinated by cycling clubs across Asia-Pacific in collaboration with international and national clubs. For example, the Vantage Elite and U19 Track National Championships as well as the Vantage Age Group Track National Championships are among the cycling road and track events that will take place in New Zealand in 2023. Both professional and amateur riders have grown to love these races. Approximately 45% of Indian bicycle buyers include riding in their fitness and health regimens.

Bicycle Market Size, By Region, Global 2017-2027

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Bicycle Market Companies Overview

The Bicycle Market is fragmented in nature. Some significant players include Accell Group NV, BH BIKES Europe SL, Cicli Pinarello Srl, DAHON North America Inc., Kalkhoff Werke GmbH, Tube Investments of India Ltd.,

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., 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, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, Trek Bicycle

Source:

Hadi Fanaee-T Laboratory of Artificial Intelligence and Decision Support (LIAAD), University of PortoINESC Porto, Campus da FEUPRua Dr. Roberto Frias, 3784200 - 465 Porto, Portugal Original Source: http://capitalbikeshare.com/system-data Weather Information: http://www.freemeteo.com Holiday Schedule: http://dchr.dc.gov/page/holiday-schedule

Data Set Information:

Bike sharing systems are new generation of traditional bike rentals where whole process from membership, rental and return back has become automatic. Through these systems, user is able to easily rent a bike from a particular position and return back at another position. Currently, there are about over 500 bike-sharing programs around the world which is composed of over 500 thousands bicycles. Today, there exists great interest in these systems due to their important role in traffic, environmental and health issues. Apart from interesting real world applications of bike sharing systems, the characteristics of data being generated by these systems make them attractive for the research. Opposed to other transport services such as bus or subway, the duration of travel, departure and arrival position is explicitly recorded in these systems. This feature turns bike sharing system into a virtual sensor network that can be used for sensing mobility in the city. Hence, it is expected that most of important events in the city could be detected via monitoring these data.

Attribute Information:

Both hour.csv and day.csv have the following fields, except hr which is not available in day.csv - instant: record index - dteday : date - season : season (1:springer, 2:summer, 3:fall, 4:winter) - yr : year (0: 2011, 1:2012) - mnth : month ( 1 to 12) - hr : hour (0 to 23) - holiday : weather day is holiday or not (extracted from ) - weekday : day of the week - workingday : if day is neither weekend nor holiday is 1, otherwise is 0. + weathersit : - 1: Clear, Few clouds, Partly cloudy, Partly cloudy - 2: Mist + Cloudy, Mist + Broken clouds, Mist + Few clouds, Mist - 3: Light Snow, Light Rain + Thunderstorm + Scattered clouds, Light Rain + Scattered clouds - 4: Heavy Rain + Ice Pallets + Thunderstorm + Mist, Snow + Fog - temp : Normalized temperature in Celsius. The values are derived via (t-t_min)/(t_max-t_min), t_min=-8, t_max=+39 (only in hourly scale) - atemp: Normalized feeling temperature in Celsius. The values are derived via (t-t_min)/(t_max-t_min), t_min=-16, t_max=+50 (only in hourly scale) - hum: Normalized humidity. The values are divided to 100 (max) - windspeed: Normalized wind speed. The values are divided to 67 (max) - casual: count of casual users - registered: count of registered users - cnt: count of total rental bikes including both casual and registered

Relevant Papers:

1. Fanaee-T, Hadi, and Gama, Joao, 'Event labeling combining ensemble detectors and background knowledge', Progress in Artificial Intelligence (2013): pp. 1-15, Springer Berlin Heidelberg, . # Citation Request: Fanaee-T, Hadi, and Gama, Joao, 'Event labeling combining ensemble detectors and background knowledge', Progress in Artificial Intelligence (2013): pp. 1-15, Springer Berlin Heidelberg, . @article{ year={2013}, issn={2192-6352}, journal={Progress in Artificial Intelligence}, doi={10.1007/s13748-013-0040-3}, title={Event labeling combining ensemble detectors and background knowledge}, url={ }, publisher={Springer Berlin Heidelberg}, keywords={Event labeling; Event detection; Ensemble learning; Background knowledge}, author={Fanaee-T, Hadi and Gama, Joao}, pages=

Source: http://archive.ics.uci.edu/ml/datasets/Bike+Sharing+Dataset

Introduction

Bicycle Industry Statistics: Looking into the cycling industry's statistics can reveal an evolving and changing market. The global market for bicycles has been experiencing significant growth in recent times, the data paints a convincing image of the booming sector. According to reports from recent years, the market for bicycles worldwide is predicted to reach a value of 82.2 billion US dollars by 2027, demonstrating the immense economic value of the sector. In addition, the market has experienced an increasing demand and increase of 5.3% from 2020 until 2027. The increase in demand is driven by numerous factors, including the rise of environmental awareness, an increasing emphasis on fitness and health, and the increasing popularity of alternative forms of transportation. When we look deeper into the industry of bicycle data, it becomes clear that bicycles aren't only a mode of transportation for leisure, and are being increasingly embraced as viable and sustainable methods for urban transportation. By analyzing these data, we can get valuable insight into consumer habits and trends in the market, as well as potential growth opportunities within the cycling business.

Editor’s Choice

• As a market research analyst, it's evident that Trek e-bike stands out as the most popular brand in the United States of America, reflecting the strong consumer preference for electric bicycles.
• Riding a bicycle in the European Union yields substantial economic benefits, amounting to approximately 150 million euros, underscoring the significance of cycling as a mode of transportation.
• By 2029, the global cycling industry is slated to be worth USD 127 billion.
• China is the world’s biggest producer of bikes. In 2020 the country produced 116 million bikes.
• The bicycle manufacturing industry churns out a staggering 364,000 bicycles per day, highlighting the high demand for bicycles worldwide.
• American consumers exhibit a significant investment in bicycle accessories and equipment, with an average annual expenditure totaling approximately 903 million USD.
• The global sales of bicycles reached 60 billion USD in 2021, with a projected CAGR of 8% expected to propel the market value to 138 billion USD by 2032, signaling substantial growth opportunities within the industry.
• The projected global sales of e-bikes in 2023 are estimated to reach 40.3 million units, showcasing the rising popularity of electric bicycles in the global market.
• The Asian bicycle industry is forecasted to reach a market value of 23.75 billion USD in 2023, demonstrating the region's significant contribution to the global bicycle market.
• In the United States of America, 870,000 individuals commute to work by bicycle, accounting for approximately 0.6% of the overall population, indicating the growing adoption of cycling as a means of transportation.
• Female representation in cycling is noteworthy, with an average ratio of one female rider for every three male riders, reflecting the diverse demographics of bicycle enthusiasts.
• The revenue of the bicycle industry is estimated to be around 6.9 billion USD, highlighting the economic significance of the industry on a global scale.
• Ebike market sales experienced an impressive growth rate of 240% between 2020 and 2021, showcasing the surging demand for electric bicycles.
• The sale of bicycles in 2022 reached between 17-20 million units, indicating sustained consumer interest and market demand for bicycles.
• The United States bike industry is projected to witness a healthy CAGR of 6.12% from 2022 to 2027, underlining the industry's steady growth trajectory in the coming years.

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The bicycle market size in 2022 was US$ 1,300 million and is estimated to be US$ 2,650.23 million in 2023 where the scenario shows potential advancements in probabilities in the bicycle market.

The inclination toward bicycles is considered to have a favorable form of exercise for ensuring a healthy life, free from obesity and other disorders, and is anticipated to further boost the market expansion. According to the FMI analysis report, the bicycle market is predicted to develop a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.

Demand for bicycles is rising as a result of the dockless bicycle-sharing system's popularity and the urge to embrace a healthy lifestyle. Further, it is projected that the rise in the number of people choosing to bike as a leisure activity might drive bicycle market expansion.

The bicycle market share growth is anticipated to be further aided by consumer preference for bicycles as a convenient method of exercise to ensure a healthy life free from obesity and other illnesses.

Dockless bicycle-sharing programs have become well-liked recently. Increased disposable income and increased consumer expenditure on the bicycle sector are the key factors driving the demand for bicycles.

The adoption of electric bicycles is high, as electric bikes are safe, simple to use, and require little maintenance. Demand for bicycles is rising considerably in industrialized nations for both cargo bikes and electric bikes. This is going to inspire the affiliated businesses to create a variety of cutting-edge paddle cycle products.

The need for daily commute vehicles has increased with the rise of shared mobility businesses. Furthermore, these bikes do not require a driver's license. Clients of all ages can use them, which increases the demand for bicycles.

Attributes	Details
Projected Forecast Value (2022)	US$ 1,300 million
Projected Forecast Value (2023)	US$ 2,650.23 million
Projected Forecast Value (2033)	US$ 6,229.4 million
Growth rate	8.92% CAGR
Forecast period	2023 to 2033

The Fremont Bridge Bicycle Counter began operation in October 2012 and records the number of bikes that cross the bridge using the pedestrian/bicycle pathways. Inductive loops on the east and west pathways count the passing of bicycles regardless of travel direction. The data consists of a date/time field: Date, east pathway count field: Fremont Bridge NB, and west pathway count field: Fremont Bridge SB. The count fields represent the total bicycles detected during the specified one hour period. Direction of travel is not specified, but in general most traffic in the Fremont Bridge NB field is travelling northbound and most traffic in the Fremont Bridge SB field is travelling southbound.

Bicycle Market size was valued at USD 107.53 Billion in 2023 and is projected to reach USD 247.8 Billion by 2031, growing at a CAGR of 11% from 2024 to 2031.

Global Bicycle Market Drivers

Growing emphasis on fitness and health: As people’s awareness of their health grows, so does the demand for fitness activities like cycling. Bicycles are a convenient and efficient form of exercise, which is fueling market demand.

Sustainability and environmental concerns: As people become more conscious of environmental deterioration and climate change, more people are choosing bicycles as a sustainable form of transportation. Compared to cars, bicycles emit no emissions and use fewer resources, which makes them a desirable choice for customers who care about the environment.

Urbanisation and traffic: In densely populated metropolitan areas, parking space constraints and traffic congestion are major problems. For short- to medium-distance travel, bicycles offer an easy and effective alternative to cars, which helps to relieve traffic congestion.

Government policies and initiatives: Around the world, a lot of countries are putting laws and programmes into place to encourage riding as a form of transportation. This entails making investments in cycling infrastructure like bike lanes and bike-sharing schemes, providing tax breaks or other financial aid for the purchase of bicycles, and putting laws into place to increase the safety of cyclists.

Growth of electric bicycles, or (e-bikes): People who may not be able to ride a bicycle for extended periods of time or in hilly terrain are finding that riding an electric bicycle, which has an integrated electric motor to help with pedalling, is a more accessible option. Growth in this market niche is being driven by e-bikes’ rising availability and affordability.

Bicycle counts conducted around New York City at key locations. For the counter locations, please refer to the Bicycle Counters dataset. The data may have lapses due to transmission issues cause by weather, connection interruptions, equipment malfunctions, vandalism, etc. The data will update as soon as it is feasible. The City makes no presentation as to the accuracy of the content and assumes no liability for omissions or errors in information contains on the website. Time is captured in GMT/UTC timezone.

In 2021 the U.S. bicycle market was valued at 5.18 billion U.S. dollars. Over the coming years the market is projected to nearly double, growing to a value of about 9.5 billion U.S. dollars by 2027. This development follows a worldwide trend, with the global bicycle market expected to nearly double in the same period.

The Report Covers North America Bicycle Market Share by Brand & Industry Size and it is segmented by Type (Road Bicycles, Hybrid Bicycles, All-Terrain Bicycles, E-bicycles, and Other Types); by Distribution Channel (Offline Retail Stores and Online Retail stores); by Geography (United States, Canada, Mexico, and Rest of North America). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

Report Metric	Details
Forecast Period	2023 to 2030
Base Year	2022
Historic Years	2021 (Customizable to 2014-2019)
Quantitative Units	Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered	By Component Type (Derailleurs, Road Group sets, Suspensions, Wheel Sets, Brakes, Caliper Type, Gears, Others), Sales Channel (Specialty Bicycle Retailers, Discount Stores, Department Stores, Full-line Sporting Goods Stores, Outdoor Specialty Stores, Other Sales Channel), Bicycle Type (Mountain Bike, Hybrid/Cross, Road, Comfort, Youth, Cruiser, Recumbent/Tandem, Electric, Folding)
Countries Covered	U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered	Dorel Industries (Canada), Accell Group (Netherlands), Shimano Inc. (Japan), SRAM LLC (U.S.), Hero Cycles Ltd (India), Campagnolo S.R.L. (Italy), Merida Bikes (Taiwan), Specialized Bicycle Components (U.S.), Rohloff AG (Germany), Giant Bicycles (Taiwan), Currie Technologies (U.S.), OMAX Corporation (U.S.), Trek Bicycle Corporation (U.S.), Marin Bikes (U.S.), Atlas Cycles (Haryana) Ltd (India)
Market Opportunities	Increase in the number of emerging markets Rise the demand for green transportation Rise in strategic collaborations

The global bicycle market size was valued at USD 57 billion in 2021. It is estimated to reach an expected value of USD 106 billion at a CAGR of 7.2% during the forecast period (2022-2030). The global Bicycle market is driven by the growing preferenc Report Scope:

Report Metric	Details
Study Period	2020-2032
Historical Period	2020-2022
Forecast Period	2024-2032
Base Year	2023
Base Year Market Size	USD XX Billion
Forecast Year	2032
Forecast Year Market Size	USD XX Billion
Forecast Year CAGR	7.2%
Largest Market	Asia Pacific
Fastest Growing Market	Europe

For a city, street blocks are a very common way in which to organize and relate asset types such as bicycle lanes. The bicycle lane layer is an extract of its parent layer Roadway Blocks. The bicycle lane layer provides locations for a variety of different types of lane types throughout Washington, DC. Bicycle lane dataset is derived from the Roadway Block centerlines.

This data contains the number of hires of London's Santander Cycle Hire Scheme from 2011 to present. Data includes start and stop timestamps, station names and ride duration. This public dataset is hosted in Google BigQuery and is included in BigQuery's 1TB/mo of free tier processing. This means that each user receives 1TB of free BigQuery processing every month, which can be used to run queries on this public dataset. Watch this short video to learn how to get started quickly using BigQuery to access public datasets. What is BigQuery .

Asia Pacific Bicycle Industry is Segmented by Type (Road Bicycles, Hybrid Bicycles, All-Terrain Bicycles, E-Bicycles, and Others); by Distribution Channel (Offline Retail Stores and Online Retail Stores); and by Country (India, Australia, China, Japan, and Rest of the Asia-Pacific). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

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.

The global bicycle market attain a value of USD 76.7 billion in 2023. The market is expected to grow at a CAGR of 6.6% in the forecast period of 2024-2032 to reach a value of USD 136.5 billion by 2032.

Table of Contents

• Report Overview
• Key Takeaways
• Driving factors
• Restraining Factors
• Product Analysis
• Technology Analysis
• End User Analysis
• Key Market Segments
• Growth Opportunities
• Trending Analysis
• Regional Analysis
• Key Regions and Countries covered in the report
• Market Share & Key Players Analysis:
• Recent Developments
• Report Scope

Report Overview

The Global Bicycle Market size is expected to be worth around USD 67.4 Billion by 2033, From USD 130.1 Billion by 2023, growing at a CAGR of 6.80% during the forecast period from 2024 to 2033.

The bicycle market encompasses the global production, distribution, and sale of bicycles, including traditional, electric, and performance-oriented models. It addresses the evolving demands of consumers seeking sustainable, efficient, and health-conscious modes of transportation and recreation. Read More

More than half of the German population are regular or semi-regular cyclists. About 54 percent of Germans ride a bicycle, including e-bikes, once per month or more often. However, just over 30 percent of the population never cycle, and around 16% of Germans only cycle rarely.

Germany: A cycling nation? Germany has a relatively well-established cycling culture compared to many other European countries. One-fifth of Germans use a bicycle as their primary mode of transport for short journeys of around two kilometers. This is approximately on par with Sweden and Belgium. Regarding the regularity of cycling, the share of Germans riding a bike at least once a week is comparable to cycling habits in Poland. However, Germany is vastly outranked in both metrics by the Netherlands, where 66 percent of the population rides a bike weekly, and 45 percent considers the bicycle their primary mode of transport for short trips.

The private car dominates the commute to work Despite efforts by German federal, state, and many local governments to encourage more people to travel to their place of work by bike or on public transport, the German commute remains dominated by private car travel. Nearly a tenth of the German workforce ride their bicycle to work, and around six percent of the population walk, while public transport accounts for about a quarter of all journeys to work. Meanwhile, over 60 percent of commuters arrive at work by car, most as the driver and a small proportion as passengers.

Original Visualization

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About this Dataset

SOURCE ARTICLE: BBC DATA SOURCE: Rails•to•Trail Conservancy NOTE: Chart included in data source

Objectives

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