Middle East & Africa Bicycle Market Size & Outlook
Middle East & Africa bicycle market, 2017-2030 (US$M)
Related Markets
MEA bicycle market highlights
- The MEA bicycle market generated a revenue of USD 4,810.1 million in 2024.
- The market is expected to grow at a CAGR of 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 4,810.1 million |
| Market revenue in 2030 | USD 7,186.7 million |
| Growth rate | 7% (CAGR from 2025 to 2030) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data covered | 2017 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, MEA region accounted for 6.2% of the global bicycle market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 41,707.7 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 43.46% in 2024. Horizon Databook has segmented the Middle East & Africa bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2017 to 2030.
Bicycle sales in Middle East & Africa were reduced during the COVID-19 pandemic due to the closure of offline stores. However, the demand for bicycles increased post the pandemic as consumers are avoiding public transport due to the fear of the virus spread.
Moreover, as consumers are becoming health-conscious, they are considering bicycles to be a healthful mode of transportation.
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Target buyers of Middle East & Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bicycle market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bicycle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA bicycle market size, by country, 2017-2030 (US$M)
Middle East & Africa Bicycle Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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