Mexico Bicycle Market Size & Outlook, 2024-2030
Mexico bicycle market, 2017-2030 (US$M)
Related Markets
Mexico bicycle market highlights
- The Mexico bicycle market generated a revenue of USD 2,651.0 million in 2024 and is expected to reach USD 4,373.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.8% 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 2,651.0 million |
| Market revenue in 2030 | USD 4,373.7 million |
| Growth rate | 8.8% (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, Mexico accounted for 3.4% 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 North America, U.S. bicycle market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,268.5 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 43.39% in 2024. Horizon Databook has segmented the Mexico bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Mexico 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 country-level data and insights on the Mexico bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bicycle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico bicycle market size, by product, 2017-2030 (US$M)
Mexico Bicycle Market Outlook Share, 2024 & 2030 (US$M)
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