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Written by Adam Smith » Updated on: July 02nd, 2025
Market Overview:
The bicycle market is experiencing rapid growth, driven by rising health and fitness awareness, urbanization and traffic congestion, and environmental concerns and sustainability. According to IMARC Group's latest research publication, "Bicycle Market Report by Type (Road Bicycle, Mountain Bicycle, Hybrid Bicycle, and Others), Technology (Electric, Conventional), Price (Premium, Mid-Range, Low-Range), Distribution Channel (Online Stores, Offline Stores), End User (Men, Women, Kids), and Region 2025-2033", the global bicycle market size reached USD 67.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 102.1 Billion by 2033, exhibiting a growth rate (CAGR) of 4.48% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
Download a sample PDF of this report: https://www.imarcgroup.com/bicycle-market/requestsample
Our report includes:
Growth Factors in the Bicycle Market
People are choosing bicycles to stay healthy and active. Cycling burns calories, improves heart health, and reduces stress. Many prefer it over gym workouts because it’s fun and practical. For example, in cities like Amsterdam, biking is a daily habit for thousands, promoting fitness and reducing car use. Bike-sharing programs, like Citi Bike in New York, make cycling accessible for exercise without owning a bike. Governments also encourage cycling with campaigns and infrastructure, like dedicated bike lanes, to support public health. This trend boosts bicycle sales as more people see cycling as a simple way to stay fit.
Cities are growing, and traffic jams are common. Bicycles offer a fast, affordable way to get around. In places like Beijing, commuters use bikes to avoid crowded roads and public transport. E-bikes, like those from VanMoof, are popular for longer commutes because they’re faster than regular bikes. Cities are building more bike lanes and parking to support this shift. For instance, Paris expanded its bike infrastructure, making cycling safer and easier. This demand for practical transport solutions drives bicycle market growth, as urban dwellers seek alternatives to cars and buses in busy areas.
People want eco-friendly transport to reduce pollution. Bicycles produce no emissions, making them a green choice. In Copenhagen, over 60% of residents bike to work or school, cutting carbon footprints. Companies like Trek promote sustainable bikes made with recyclable materials. Consumers also choose bikes to support a cleaner planet, especially younger generations who prioritize sustainability. For example, cargo bikes from brands like Urban Arrow help families replace car trips with bike deliveries. This focus on the environment increases bicycle demand, as people and cities aim to lower their impact on the planet.
Key Trends in the Bicycle Market
E-bikes are gaining popularity for their speed and ease. They use electric motors to assist pedaling, making cycling less tiring. Brands like Specialized report strong sales, especially among older riders and commuters. In Germany, e-bikes outsell regular bikes in some areas because they suit hilly terrains and longer distances. They also appeal to delivery workers, with companies like Uber Eats using e-bikes for faster service. Improved battery life and lighter designs make them practical. This trend is reshaping the market, as e-bikes attract new riders who want convenience without sacrificing exercise.
Bicycles are getting smarter with technology. GPS trackers, like those from BikeTrax, help prevent theft. Smart locks and apps, such as those offered by Cowboy bikes, let users control features from their phones. Some bikes have displays showing speed, distance, and battery levels. For example, VanMoof’s bikes connect to apps for navigation and performance tracking. These features appeal to tech-savvy riders who want data and security. As technology improves, more brands add smart features, making bikes more appealing and driving market growth among younger, connected consumers.
Cyclists want bikes tailored to their needs. Custom frames, colors, and accessories are in demand. Companies like Brompton let buyers choose colors and handlebar styles online. Small shops, like Brooklyn Bicycle Co., offer bespoke builds for unique preferences. For example, a commuter might add racks for bags, while a racer picks lightweight parts. This trend boosts sales for brands offering personalization, as riders value unique bikes that fit their style and purpose. It also builds loyalty, as customers feel a stronger connection to bikes they design themselves.
Leading Companies Operating in the Bicycle Industry:
Bicycle Market Report Segmentation:
By Type:
Mountain bicycles are popular for trekking, while road and hybrid bicycles are increasingly favored for commuting shorter distances.
By Technology:
Conventional bicycles offer great exercise benefits, whereas electric bikes provide faster commuting with less effort.
By Price:
Bicycle demand varies across premium, mid-range, and low-range segments, influenced by economic conditions and consumer preferences.
By Distribution Channel:
Sales are rising in both online and offline stores, with online platforms providing convenience and offline stores offering a tactile shopping experience.
By End User:
Bicycle usage is increasing among men, women, and kids, with men riding more frequently than women and children, according to UK statistics.
Regional Insights:
The report covers major regional markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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