Brazil Bicycle Market Size & Outlook, 2024-2030
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Brazil bicycle market highlights
- The Brazil bicycle market generated a revenue of USD 4,240.2 million in 2024 and is expected to reach USD 6,228.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.7% from 2025 to 2030.
- In terms of segment, road bikes was the largest revenue generating product in 2024.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
Bicycle market data book summary
| Market revenue in 2024 | USD 4,240.2 million |
| Market revenue in 2030 | USD 6,228.3 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.5% of the global bicycle market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bicycle market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,228.3 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Garri Logistics | View profile | 11-50 | Addis Ababa, Adis Abeba, Ethiopia, Africa | https://garrilogistics.com |
| E-BIKE | View profile | 1-10 | Wuxi Shi, Jiangsu, China, Asia | http://www.e-biker.cn |
| Mammoth eBike | View profile | 1-10 | Kharkiv, Sums'ka Oblast', Ukraine, Europe | http://mammothebike.com |
| Hagen & Co | View profile | 11-50 | Boston, Massachusetts, United States, North America | http://www.hagenco.com/ |
| Dorel Industries | View profile | 10001+ | Westmount, Quebec, Canada, North America | http://www.dorel.com/eng/ |
| Avon | View profile | 10001+ | New York, New York, United States, North America | https://www.youravon.com |
| Orbea S. Coop | View profile | 251-500 | Bilbao, Pais Vasco, Spain, Europe | https://www.orbea.com |
| Trek Bicycle | View profile | 1001-5000 | Waterloo, Wisconsin, United States, North America | https://www.trekbikes.com/ |
| Scotts | View profile | 101-250 | Wiltshire, Mississippi, United States, North America | https://www.scottsandco.com |
| Axalko | View profile | - | https://axalko.com/ | |
| Beistegui Hermanos | View profile | 11-50 | Vitória, Piaui, Brazil, South America | https://www.bhbikes.com |
| Cervelo Cycles | View profile | 51-100 | Toronto, Ontario, Canada, North America | http://www.cervelo.com/en/ |
| Atlas Cycles | View profile | 251-500 | Sonipat, Haryana, India, Asia | http://atlasbicycles.com/ |
| Specialized Bicycle Components | View profile | 501-1000 | Morgan Hill, California, United States, North America | http://specialized.com |
| MERIDA BIKES | View profile | 1-10 | Yüanlin, T'ai-wan, Taiwan, Asia | https://www.merida-bikes.com/ |
| Giant Bicycle | View profile | 1001-5000 | Taiwan, Jiangsu, China, Asia | http://giant-bicycles.com |
| Accell | View profile | 11-50 | Warrenton, Virginia, United States, North America | https://accellclinical.com/ |
Brazil bicycle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bicycle market will help companies and investors design strategic landscapes.
Road bikes was the largest segment with a revenue share of 41.36% in 2024. Horizon Databook has segmented the Brazil bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is considered to be the third largest consumer of bicycle across the world. With opportunities in the MTB/racing bicycle, road/standard bicycle, and e-bikes, the bicycle market in Brazil has a promising future.
The growth of the market in Brazil is attributed to rising health consciousness, rising environmental awareness, rising traffic congestion, and rising government cycling promotion initiatives.
Brazil registered a 27.5% increase in e-bike sales as most Brazilians opted to abandon cars in a favour of ebikes.
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Target buyers of Brazil bicycle market databook
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Our clientele includes a mix of bicycle market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bicycle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bicycle market size, by product, 2017-2030 (US$M)
Brazil Bicycle Market Outlook Share, 2024 & 2030 (US$M)
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