U.S. Bicycle Market Size & Outlook, 2024-2030
U.S. bicycle market, 2017-2030 (US$M)
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U.S. bicycle market highlights
- The U.S. bicycle market generated a revenue of USD 12,558.6 million in 2024 and is expected to reach USD 20,678.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.7% 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 12,558.6 million |
| Market revenue in 2030 | USD 20,678.6 million |
| Growth rate | 8.7% (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, U.S. accounted for 16.3% 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 |
|---|
U.S. 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 44.42% in 2024. Horizon Databook has segmented the U.S. bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2017 to 2030.
In terms of revenue, the U.S. dominated the North American bicycle market in 2022. The growth of the market in the U.S. is attributed to the rising number of cycling events as well as supportive initiatives from the government.
In addition to track racing, off-road racing, and mountain biking, the government sponsors cycling activities such as road racing, touring, and leisure riding.
These activities are promoting the adoption of e-bikes, smart bicycles, and premium bicycles in the country.
Some of the other key factors supporting the adoption of e-bikes in the country include environmental advantages and avoiding traffic congestion.
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Target buyers of U.S. 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 U.S. bicycle market , including forecasts for subscribers. This country databook contains high-level insights into U.S. bicycle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. bicycle market size, by product, 2017-2030 (US$M)
U.S. Bicycle Market Outlook Share, 2024 & 2030 (US$M)
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