About Contact Us Careers

Bicycle Market Size and Forecast, by Product Type (Road, Mountain, Hybrid, Cargo); Technology (Conventional, Electric); Distribution Channel (In-Store, Online); End-user (Kids, Men, Women) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 2009
  • Published Date: Sep 08, 2025
  • Report Format: PDF, PPT

Bicycle Market Outlook:

Bicycle Market size was valued at USD 97.56 billion in 2025 and is set to exceed USD 264.79 billion by 2035, registering over 10.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of bicycle is evaluated at USD 106.78 billion.

Bicycle Market Size
Discover Market Trends & Growth Opportunities: Request Free Sample PDF

"The rising usage of bicycles for traveling, as well as their numbers globally, will drive the market expansion. As per an estimation, there were over 2 billion bicycles in use around the world in 2015 which is forecasted to reach near 5 billion by 2050. Furthermore, rising government emphasis on spending on the development of cycling infrastructure would accelerate the adoption of bicycles among the general public. Almost all industrialized economies are investing a lot of money into constructing innovative cycling tracks and carrying out several projects involving bicycle and pedestrian infrastructure. For instance, domestic establishments in Ireland announced a 2021 investment in new services for bikes and pedestrians; the financing was about three times greater than the allocated funds for urban transit.

With the rising traffic congestion and shortage of parking space, particularly in metropolitan cities, the use of bicycle is gradually increasing. Bicycle commutation for short distances save time and also have several other benefits, including health & environment. Various governments are rolling out the programs, infrastructure and initiatives necessary to support bicycle commutation, to encourage people to opt for bicycles. The demand for bicycles is on the rise amongst the children, which in turn, is expected to create massive revenue generation opportunities for global bicycle market. As per 2020 statistics, in England, the proportion of children who owns bicycle in the age group of 5-10 year was 50% higher than the proportion of bicycle-owners in the age group of 40-49 years."

Key Bicycle Market Insights Summary:

  • Regional Highlights:

    • Asia Pacific bicycle market will hold around 47.6% share by 2035, driven by strong infrastructure, growing bicycle usage, and rising adoption of dockless bike-share systems.

  • Segment Insights:

    • The in-store segment in the bicycle market is expected to dominate with a majority share by 2035, influenced by consumers’ preference for physical product inspection.
    • The electric segment in the bicycle market is anticipated to hold the largest share from 2026-2035, fueled by growing replacement of mopeds & motorcycles and global e-bike usage.

  • Key Growth Trends:

    • Rising Awareness of Cycling Health Benefits
    • Upsurge in the Development of Cycling Infrastructure

  • Major Challenges:

    • Concern About Unsafe Cycling Infrastructure
    • Existence of Other High-Speed Transport Solutions

  • Key Players: Giant Manufacturing Co., Ltd.Dorel Industries Inc.Cervélo CyclesAccell GroupAvon Cycles Ltd.Shimano Inc.Trek Bicycle CorporationScott Sports SACanyon Bicycles GmbHMerida & Centurion Germany GmbHUrbanTerrain.

Global Bicycle Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 97.56 billion
    • 2026 Market Size: USD 106.78 billion
    • Projected Market Size: USD 264.79 billion by 2035
    • Growth Forecasts: 10.5% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (47.6% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, Netherlands, Germany, United States, Japan
    • Emerging Countries: China, India, Japan, South Korea, Vietnam

    • Last updated on : 8 September, 2025

Growth Drivers

  • Rising Awareness of Cycling Health Benefits – is expected to drive the global bicycle market. Cycling in areas with less pollution (PM2.5 level within 50-60µg/m3) for one hour can produce significant health benefits. Moreover, cycling can reduce the chances of developing many health issues by increasing fitness and reducing stress. It was found that noncommunicable disease kill 41 million people, including 14 million people who are between the ages of 30 and 70 globally.
  • Upsurge in the Development of Cycling Infrastructure – A bicycle is a single-track, pedal-driven vehicle that is driven by either human power or the assistance of a motor. The bike is made up of two wheels connected to a frame, one of them in front of the other. Cycling and bicycling refer to the activity of riding a bicycle. Many communities rely on them as their primary mode of transportation. Furthermore, they are also a popular form of amusement and have been adapted for a variety of purposes, including children's toys, fitness equipment, police and military purposes, courier services, racing bicycles, and even cycling stunts.
  • There are many different bicycle types and designs, each one suited to a certain riding style. Mountain bikes are made for rugged terrain and off-road excursions, whereas road bikes are constructed for speed and efficiency on paved surfaces. A range of riding situations are appropriate for hybrid bikes, which combine road and mountain bikes. E-bikes include an electric motor to help the user pedal whereas city bikes are made for commuting and running errands in the city.
  • Bicycling provides several advantages, such as better cardiovascular health, less stress, and stronger muscles. It is also a low-impact workout, so individuals of all ages and levels of fitness may participate. The cost of cycling is also quite low. In addition, an increased interest in cycling as a form of physical activity and recreation, escalating sustainability concerns, and government measures to encourage cycling as a sustainable way of transportation are some of the reasons that are driving the global bicycle market. The industry is also being driven by the rising acceptance of e-bikes, which are regarded as a practical and effective form of mobility. For instance, more than USD 400 million was spent on cycling-related infrastructure and programs in 2020 in Australia.
  • Growing Number of Initiatives for Using Bicycle - These programs often include elements such as bike-sharing networks, bike-to-work schemes, and public awareness campaigns that promote the use of bicycles as an alternative to automobiles over short distances. For instance, Smart Commute, an initiative in Mumbai (India), aims that by 2030, 50% of the city’s population commute to work by bicycle.
  • Increasing Demand for Mountain Bikes (Bicycle) – Mountain bikes include characteristics such as sturdy frames, shock absorbers, and thick tires that make them suitable for riding on rugged terrain. They are built for off-road use. For instance, it was estimated that, around 44 million units of mountain bikes were produced in 2020 globally and it is expected to hit over 72 million units by 2026.

Challenges

  • Concern About Unsafe Cycling Infrastructure - Only a handful of tracks and lanes have been built for the sole purpose of providing safety for cycle riders. A lack of infrastructure is particularly prevalent in developing and underdeveloped countries. As a result, people are opting for alternatives for safety reasons, which in turn is expected to limit market growth over the forecast period.
  • Existence of Other High-Speed Transport Solutions
  • Inefficient Bicycle Fleet Management System

Bicycle Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

10.5%

Base Year Market Size (2025)

USD 97.56 billion

Forecast Year Market Size (2035)

USD 264.79 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Access Detailed Forecasts & Data-Driven Insights: Request Free Sample PDF

Bicycle Market Segmentation:

Technology Segment Analysis               

The electric segment is anticipated to garner largest revenue by the end of 2035, backed by growing replacement of mopeds & motorcycles along with surge in the use of e-bikes worldwide. Moreover, there have been stringent government regulations in relation to the reduction of emissions of carbon dioxide, boosting the segment growth. For instance, the sale of e-bikes is expected to reach 2 lakh units in the FY 2022-23 in India. Also, it was observed that, electric bike (e-bike) can travel up to 45km/h (28mph) potentially replacing fossil-fuel-powered motorcycles and mopeds.

Distribution Channel Segment Analysis               

The in-store segment is projected to garner majority of market share by 2035. This can be due to ease of physically experiencing and scrutinizing the product before purchasing it, and that accounts for a substantial portion of the market share held by the in-store segment. This is particularly true for developing countries such as India, where a lot of people still use bicycles as a primary means of transportation.

Traditional brick-and-mortar merchants such as sporting goods stores and bike shops are included in the in-store segment. Moreover, e-commerce portals and direct selling are included in the online sector. As more people use the internet for purchasing and the ease of online sales and home delivery, the online market is also expanding quickly. "

Our in-depth analysis of the global bicycle market includes the following segments:

            By Product Type
  • Road
  • Mountain
  • Hybrid
  • Cargo

           By Technology
  • Conventional
  • Electric

           By Distribution Channel
  • In-Store
  • Online

            By End-User
  • Kids
  • Men
  • Women
Vishnu Nair
Vishnu Nair
Head - Global Business Development

Customize this report to your requirements — connect with our consultant for personalized insights and options.

Bicycle Market Regional Analysis:

Asia Pacific Market Insights

Asia Pacific region is anticipated to hold over 47.6% market share by 2035, fueled by strong infrastructure, growing bicycle usage, and rising adoption of dockless bike-share systems. For instance, China played an important role in bringing about the global boom in dockless sharing systems over the past 5 years. With an average of 47 million trips each day, over 360 Chinese cities now have dockless bike-sharing systems. Moreover, rising awareness regarding the environment and the benefits of exercising daily is fueling the market growth. In India and China, especially, the culture of riding bicycles is seeing a revival as people become more health and environment conscious.

Bicycle Market Share
Get Strategic Analysis by Region Now: Request Free Sample PDF

Bicycle Market Players:

    • Giant Manufacturing Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Dorel Industries Inc.
    • Cervélo Cycles
    • Accell Group
    • Avon Cycles Ltd.
    • Shimano Inc.
    • Trek Bicycle Corporation
    • Scott Sports SA
    • Canyon Bicycles GmbH
    • Merida & Centurion Germany GmbH
    • UrbanTerrain

Recent Developments

  • Giant Manufacturing Co., Ltd., introduced the all-new Trance X E+. Designed to extend riders’ capabilities on a wide range of terrain, Trance X E+ is a versatile and adaptable E-MTB.

  • Shimano Inc. announced that the PRO product designers and engineers created the all-new PRO Vibe Superlight Handlebar and Stem. They have reduced a massive 75 grams off their previous lightest cockpit. Superlight cockpit when combined with the new PRO Gap Cap Expander Carbon and the lightweight Vibe Computer Mount the provides not only PRO’s lightest ever set-up but also a superbly functional offering.

  • Report ID: 2009
  • Published Date: Sep 08, 2025
  • Report Format: PDF, PPT
  • Get detailed insights on specific segments/region
  • Inquire about report customization for your industry
  • Learn about our special pricing for startups
  • Request a demo of the report’s key findings
  • Understand the report’s forecasting methodology
  • Inquire about post-purchase support and updates
  • Ask About Company-Level Intelligence Additions

Have specific data needs or budget constraints?

customer-service Inquiry Before Buying

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of bicycle is evaluated at USD 106.78 billion.

The global bicycle market size was worth around USD 97.56 billion in 2025 and is set to register a CAGR of more than 10.5%, exceeding USD 264.79 billion revenue by 2035.

Asia Pacific bicycle market will hold around 47.6% share by 2035, driven by strong infrastructure, growing bicycle usage, and rising adoption of dockless bike-share systems.

Key players in the market include Giant Manufacturing Co., Ltd.Dorel Industries Inc.Cervélo CyclesAccell GroupAvon Cycles Ltd.Shimano Inc.Trek Bicycle CorporationScott Sports SACanyon Bicycles GmbHMerida & Centurion Germany GmbHUrbanTerrain.

Bicycle Market Report Scope

GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

Connect with our Expert

Sanya Mehra
Sanya Mehra
Research Consultant
Inquiry Before Buying Request Free Sample PDF

Copyright @ 2025 Research Nester. All Rights Reserved.

footer-bottom-logos