Product Code: GVR-2-68038-490-1
Bicycle Market Summary
The global bicycle market size was estimated at USD 84.25 billion in 2025, and is projected to reach USD 180.53 billion by 2033, growing at a CAGR of 10.1% from 2026 to 2033.The bicycle market is gaining momentum, driven by increasing adoption of cycling for daily mobility, fitness, and short-distance commuting.
Rising investments in dedicated cycling infrastructure, including protected lanes and urban bike-sharing systems, are enabling safer and more accessible riding environments, which is further supporting market uptake. The rapid shift toward e-bikes is adding strong propulsion to the industry as commuters seek cost-efficient, low-emission alternatives to cars and public transport. Advancements in lightweight materials, battery efficiency, and connected features such as GPS tracking and app-enabled diagnostics are enhancing overall user convenience and performance.
However, high upfront costs for premium bicycles and e-bikes, along with inadequate infrastructure in suburban and rural regions, continue to pose challenges for broader market penetration.
Preference for bicycles as a convenient form of exercise to ensure a healthy life, free from obesity and other disorders, is expected to further drive the market expansion. The popularity of dockless bicycle-sharing systems has been rising lately. This system allows users to locate a bicycle nearby and unlock it electronically. Incepted originally in Europe, dockless bicycle-sharing systems are gaining popularity, particularly in Asian nations such as India and China.
Furthermore, recent advancements in mobile app development and Global Positioning System (GPS) have resulted in app-based dockless bicycle-sharing systems. Moreover, the growing adoption of such dockless bicycle-sharing systems is anticipated to fuel the demand for cycles significantly. Chinese bicycle-sharing companies are particularly investing and expanding their operations aggressively in European nations to capitalize on the market opportunities. This is expected to boost market growth further in the forthcoming years.
Global Bicycle Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global bicycle market report based on product, technology, distribution channel, end use, and region.
- Product Outlook (Revenue, USD Million, 2021 - 2033)
- Mountain Bikes
- Hybrid Bikes
- Road Bikes
- Cargo Bikes
- Others
- Technology Outlook (Revenue, USD Million, 2021 - 2033)
- Electric
- Conventional
- Distribution Channel Outlook (Revenue, USD Million, 2021 - 2033)
- Online
- Offline
- End Use Outlook (Revenue, USD Million, 2021 - 2033)
- Men
- Women
- Kids
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Middle East & Africa (MEA)
- UAE
- Kingdom of Saudi Arabia (KSA)
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Bicycle Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Bicycle Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social Landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental Landscape
- 3.3.2.6. Legal landscape
Chapter 4. Bicycle Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.1.1. Bicycle Market: Product Movement Analysis, 2025 & 2033 USD Million
- 4.2. Mountain Bikes
- 4.2.1. Mountain Bikes Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.3. Hybrid Bikes
- 4.3.1. Hybrid Bikes Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Road Bikes
- 4.4.1. Road Bikes Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Cargo Bikes
- 4.5.1. Cargo Bikes Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.6. Others
- 4.6.1. Ohers Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Bicycle Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Bicycle Market: Technology Movement Analysis, 2025 & 2033 USD Million
- 5.3. Electric
- 5.3.1. Electric Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Insourcing
- 5.4.1. Insourcing Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Bicycle Market: By Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Bicycle Market: By Distribution Channel Movement Analysis, 2025 & 2033 USD Million
- 6.3. Online
- 6.3.1. Online Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Offline
- 6.4.1. Offline Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Bicycle Market: By End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Bicycle Market: By End Use Movement Analysis, 2025 & 2033 USD Million
- 7.3. Men
- 7.3.1. Men Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.4. Women
- 7.4.1. Women Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 7.5. Kids
- 7.5.1. Kids Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 8. Bicycle Market: Regional Estimates & Trend Analysis
- 8.1. Bicycle Market Share, By Region, 2025 & 2033, USD Million
- 8.2. North America
- 8.2.1. North America Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.3.4. France
- 8.3.4.1. Italy Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Bicycle Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Accell Group
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Atlas Cycles (Haryana) Ltd.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Avon Cycles Ltd.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Cervelo
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Dorel Industries Inc.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Giant Bicycles
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Merida Industry Co., Ltd
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Specialized Bicycle Components, Inc.
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. SCOTT Sports SA
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Trek Bicycle Corporation
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Orbea
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. BH Bikes
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives
- 9.4.13. Axalko Bikes
- 9.4.13.1. Participant's Overview
- 9.4.13.2. Financial Performance
- 9.4.13.3. Product Benchmarking
- 9.4.13.4. Strategic Initiatives
- 9.4.14. Hagen Bikes
- 9.4.14.1. Participant's Overview
- 9.4.14.2. Financial Performance
- 9.4.14.3. Product Benchmarking
- 9.4.14.4. Strategic Initiatives
- 9.4.15. Mammoth bikes
- 9.4.15.1. Participant's Overview
- 9.4.15.2. Financial Performance
- 9.4.15.3. Product Benchmarking
- 9.4.15.4. Strategic Initiatives
- 9.4.16. Egurra Bikes
- 9.4.16.1. Participant's Overview
- 9.4.16.2. Financial Performance
- 9.4.16.3. Product Benchmarking
- 9.4.16.4. Strategic Initiatives
- 9.4.17. Garri Bike
- 9.4.17.1. Participant's Overview
- 9.4.17.2. Financial Performance
- 9.4.17.3. Product Benchmarking
- 9.4.17.4. Strategic Initiatives