North America Bicycle Market Size & Outlook, 2024-2030
North America bicycle market, 2017-2030 (US$M)
Related Markets
North America bicycle market highlights
- The North America bicycle market generated a revenue of USD 17,613.7 million in 2024.
- The market is expected to grow at a CAGR of 8.9% 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, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 17,613.7 million |
| Market revenue in 2030 | USD 29,320.8 million |
| Growth rate | 8.9% (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, North America region accounted for 22.9% 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 |
|---|
North America 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 44.45% in 2024. Horizon Databook has segmented the North America bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the market in North America is primarily attributed to the increasing consumer expenditure on recreational activities such as biking, paddle boarding, and surfing.
Moreover, the rising trend of electric bicycles owing to increasing environmental concerns and stringent regulations regarding emissions is expected to support the green transport concept, as well as propel the growth of the market in the coming years.
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Target buyers of North America 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 North America bicycle market , including forecasts for subscribers. This continent databook contains high-level insights into North America bicycle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America bicycle market size, by country, 2017-2030 (US$M)
North America Bicycle Market Outlook Share, 2024 & 2030 (US$M)
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