GVR Report cover Bicycle Market Size, Share & Trends Report

Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road, Cargo), By Technology (Electric, Conventional), By End-user, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-490-1
  • Number of Pages: 111
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2023
  • Industry: Technology

Bicycle Market Size & Trends

The global bicycle market size was valued at USD 70,497.5 million in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel market growth. Preference for bicycles as a convenient form of exercise to ensure a healthy life, free from obesity and other disorders, is expected to further boost the market expansion. The popularity of dockless bicycle-sharing systems has been rising lately. This system allows users to locate a bicycle nearby and unlock it electronically. Incepted originally in Europe, dockless bicycle-sharing systems are gaining popularity, particularly in Asian nations such as India and China.

North America Bicycle market size and growth rate, 2023 - 2030

Furthermore, recent advancements in mobile app development and Global Positioning System (GPS) have resulted in app-based dockless bicycle-sharing systems. Moreover, the growing adoption of such dockless bicycle-sharing systems is anticipated to fuel the demand for cycles significantly. Chinese bicycle-sharing companies are particularly investing and expanding their operations aggressively in European nations to capitalize on the market opportunities. This is expected to boost the market growth in the forthcoming years.

People have started realizing the importance of staying fit and having a healthy life. They have also started realizing that regular bicycling can keep disorders, such as obesity, at bay. The market is likely to grow as more and more people are resorting to bicycling as a regular form of exercise. Events such as Tour de France and Ronde van Vlaanderenare further add to the popularity of these vehicles. Meanwhile, a rise in bicycling events being organized in various countries in Asia, Africa, and the Middle East is fueling the sales of mountain and road bicycles.

The growing traffic congestion and shortage of parking space, particularly in metropolitan cities, are prompting people to consider bicycle commutation for short distances to save time. At the same time, various governments are aggressively rolling out the infrastructure necessary to support bicycle commutation, thereby encouraging people to opt for bicycles. However, the looming lack of the infrastructure necessary to support and encourage bicycle commutation, particularly in developing economies, such as India, is anticipated to hinder the growth of the market. Similarly, lightweight bicycles made using composite materials make them expensive, which does not bode well for market expansion.

The outbreak of COVID-19 is certainly expected to favor market growth in the coming years as several governments around the globe are significantly promoting bicycles as one of the safest modes of transportation, which helps people maintain social distancing. Besides, governments across key countries such as the U.K. and Italy are providing subsidies for the purchase of new bicycles during the pandemic. Therefore, government support in the form of initiatives and subsidies, coupled with growing awareness regarding the benefits offered by bicycles, bodes well for market growth over the next few years.

Market Characteristics

The Bicycle Market growth stage is moderate. The bicycle market is highly segmented, offering a wide range of products to cater to different consumer needs. This includes road bikes for speed enthusiasts, mountain bikes for off-road adventures, electric bikes for assisted commuting, and hybrid models that blend features from multiple categories. Road bikes are designed for speed and efficiency on smooth surfaces and appeal to enthusiasts and competitive cyclists. Mountain bikes are equipped with rugged features for off-road adventures, catering to those seeking adrenaline-fueled experiences. Electric bikes (e-bikes) have gained popularity as an alternative for assisted commuting, particularly in urban areas where riders can benefit from motorized assistance. Hybrid models combine characteristics of different types, providing versatility for users who may engage in both urban commuting and occasional off-road riding. This diverse product range allows manufacturers and retailers to target specific consumer segments, meeting the unique demands of various cycling enthusiasts.

Bicycle Market Concentration & Characteristics

The bicycle market exhibits several key characteristics that shape its dynamics. Firstly, it is influenced by a growing global emphasis on sustainability and eco-friendly transportation, driving demand for bicycles as an environmentally friendly alternative to traditional vehicles. Governments, environmental organizations, and advocacy groups globally are actively promoting cycling to reduce carbon footprints and combat the adverse effects of urbanization on air quality. Initiatives such as bike-sharing programs, the development of cycling infrastructure, and campaigns encouraging the use of bicycles for commuting contribute to the growth of the bicycle market.

Additionally, changing consumer lifestyle plays a pivotal role in shaping the bicycle market. There is a notable shift, particularly among younger demographics, toward prioritizing experiences over material possessions. Bicycles align well with this trend as they offer a means of not just transportation but also a platform for outdoor activities and exploration. Additionally, the desire for healthier and more active lifestyles has led to an increased interest in cycling as a form of exercise and recreation. The bicycle has become a versatile tool, fitting into a lifestyle that values sustainability, fitness, and the enjoyment of the journey. As consumers seek alternatives to traditional commuting methods and look for ways to integrate physical activity into their daily routines, the bicycle market responds by providing products that align with these changing preferences, contributing to the industry's growth and evolution.

Furthermore, technological advancements, including lightweight materials, electronic components, and smart features, play a significant role in product innovation and market differentiation. The bicycle market is also influenced by urbanization trends, with a rising demand for commuter-friendly and compact designs. Lastly, government initiatives promoting cycling infrastructure and bike-sharing programs contribute to the overall market development.Top of Form

Product Insights

The road bicycle segment accounted for the largest revenue share of over 40.1% in 2022 and is expected to remain dominant over the forecast period. The growth can be attributed to the fact that these are the most basic vehicles, which do not need any sophisticated accessories, such as those required by racing, mountain, or other special-purpose bicycles. The growing trend among people to customize road bicycles for specific purposes is also expected to contribute to segment growth in the forthcoming years.

The mountain bicycle segment is expected to grow significantly over the forecast period as consumers, particularly millennials, continue to opt for mountain bicycling as a form of leisure and adventure. Furthermore, the number of women and kids entering sports is increasing steadily and is likely to influence segment growth across the globe. Besides, the establishment of new mountain bicycling circuits, coupled with the growing media coverage for such events, is expected to fuel the segment's growth.

Moreover, the cargo bikes segment is also expected to emerge as the fastest-growing segment expanding at a CAGR of over 16.2% over the forecast period as users seek ways of replacing motorized transport for short-distance commercial applications. Brands such as Benno and Larry & Harry are monetizing the high potential of cargo bikes by investing in ways of increasing the positive perception of cargo bikes and promoting them through various role models.

Technology Insights

The conventional segment accounted for the largest revenue share of 83.4% in 2022 and is expected to remain dominant over the forecast period. The large market share is attributed to various factors such as lower repair and maintenance costs of conventional bicycles as compared to electric bicycles. in addition, while the bicycle has been a convenient mode of transport, bicycling has been emerging as a leading sporting and leisure activity, especially in the women segment over the past few decades. At present, conventional bicycles for women are dominating the global market in terms of technology.

The electric segment is expected to emerge as the fastest-growing segment with a CAGR of 11.5% over the forecast period since electric bicycles are easy to operate. Electric bicycles can also ensure faster journeys as compared to their conventional counterparts. Additionally, the latest batteries used in electric bicycles can offer higher capacities and longer life despite the smaller size. Such maintenance-free batteries add to the ease of use of electric bicycles. Hence, consumers are expected to prefer them.

Distribution Channel Insight

The offline distribution channel segment accounted for the largest revenue share of over 51.5% in 2022. The large market share is attributed to the presence of a large number of consumers opting to purchase from offline channels/stores due to the availability of test-drive options. Offline stores also offer personalized/customized buying options, wherein consumers can choose their personalized/customized bicycle designs and colors. Moreover, it allows customers to get the product instantly. Moreover, the availability of various branded bicycles in local supermarkets or other stores is likely to drive this channel's demand in the forthcoming years.

The online distribution channel is expected to emerge as the fastest-growing segment with a CAGR of 12.3% over the forecast period. The growing penetration of smartphones and the Internet in emerging economies, including Brazil, China, India, and Mexico, will further boost consumer engagement in online stores. Moreover, the internet's increasing penetration is encouraging vendors to sell their products in untapped markets through online platforms such as Ali Express, Amazon, and Flipkart. Besides, online channels provide attractive discounts on every product, which attracts consumers to purchase online.

End-User Insight

The men's segment accounted for the largest market share of over 45.7% in 2022. It is also expected to emerge as the fastest-growing segment over the forecast period as the number of men riding bicycles continues to be higher than the number of women and kids. Men have historically outnumbered women in the use of bicycles for commuting. As per statistical data presented by the Department for Transport U.K., in 2019, on average, the U.K. male population made 25 cycling trips in a year as compared to 10 cycling trips by the women population in the same year.

Global Bicycle market share and size, 2022

However, bicycle makers are continuously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers. Such developments are particularly enticing women to opt for bicycling for leisure. Women have also been participating aggressively in bicycling events for the past few years. As a result, the women segment is projected to witness steady growth. It is anticipated to expand at a CAGR of 9.7% over the forecast period.

Regional Insight

Asia Pacific emerged as the dominant regional market in 2022 with a revenue share of 34.0%. Nations such as China, Japan, and Singapore emphasize rolling out the infrastructure necessary to encourage and support bicycle commutation. Some of the cities in Asia, such as Tokyo, are known for their lowest accident rates and are hence considered ideal cities for urban bicycling. Moreover, Chinese bicycle-sharing companies are aggressively targeting countries, such as India and Australia, to expand their operations. As a result, the demand for bicycles is expected to rise in the forthcoming years.

Bicycle Market Trends, by Region, 2023 - 2030

Europe is expected to register the highest growth rate of 11.1% over the forecast period. Europe is home to some of the cities that are considered ideal for bicycle commuting. Some of the most popular bicycling events, such as the Tour de France and Ronde van Vlaanderen, are also organized in Europe. European nations including Belgium, Denmark, France, and Italy are aggressively rolling out the infrastructure to support and encourage bicycle commutation and are contributing significantly to the growth of the regional market.

Key Companies & Market Share Insights

Some of the key players operating in the market include Merida Industry Co., Ltd and Giant Bicycles, Inc., among others.

  • Merida Industry Co., Ltd designs, manufactures, and markets bicycles. The company is also involved in trading bicycle frames, electric bikes, and other related components. The company's key product offerings include complete suspension bikes, hardtail bikes, women's bikes, youth bikes, e-bikes, bags, apparel, bike equipment, tools, trailers, and other accessories. The company has a market presence in over 77 countries, including Argentina, Australia, Austria, Belgium, Brazil, China, Finland, Germany, Korea, the Netherlands, the Russian Federation, Switzerland, Taiwan, and the U.K. The company is listed on the Frankfurt Stock Exchange and Taiwan Stock Exchange (9914).

  • Giant Bicycles, Inc. designs and manufactures women's bicycles, road bicycles, mountain bicycles, lifestyle bicycles, and kid's bicycles. It is a subsidiary of Giant Manufacturing Co. Ltd, a Taiwanese bicycle manufacturer. Giant Bicycle, Inc. also provides apparel such as shirts, cycling clothing, as well as gloves, hats, socks, caps, and helmets; indoor cycling products, including trainers/components and accessories; and various accessories, including pumps, bags, lights, locks, cages, and bike covers. The company also offers tricycles, jog strollers, child seats, and trailer bikes. Its geographical presence spans various regions, including North America, Europe, Asia Pacific, and Oceania.

Specialized Bicycle Components, Inc. and SCOTT Sports SA are some of the emerging market participants in the target market.

  • Specialized Bicycle Components, Inc. designs, manufactures, markets, and sells bicycle products and accessories. The company markets and sells its offerings under the brand name Specialized. The company’s key product offerings include mountain bikes, road, active fitness, kids, and electric bikes. The company also provides products for cyclists, such as jerseys, bibs and shorts, jackets and vests, base layers, gloves, shirts, hats, and hoodies. The company also provides bicycle components and accessories such as tires and tubes, wheels, saddles, power meters, drivetrains, handlebars, pedals, seat posts, stems, and suspensions.

  • SCOTT Sports SA designs and manufactures bicycles, motorsports gear, winter equipment, and sportswear. The company is a subsidiary of Youngone Corporation. The company’s key product offerings include road bikes, mountain bikes, city and urban bikes, trekking bikes, junior bikes, e-bikes, and framesets. SCOTT Sports SA also offers goggles, helmets, sunglasses, backpacks and bags, shoes, body protection products, probes and shovels, and apparel, including shirts and jerseys, vests, jackets, bibs, tights, shorts, knickers, pants, gloves, and other accessories. The company also provides off-road and snowmobile motorsports products.

Key Bicycle Companies:

  • Accell Group
  • Atlas Cycles (Haryana) Ltd.
  • Avon Cycles Ltd.
  • Cervelo
  • Dorel Industries Inc.
  • Giant Bicycles
  • Merida Industry Co., Ltd
  • Specialized Bicycle Components, Inc.
  • SCOTT Sports SA
  • Trek Bicycle Corporation
  • Orbea
  • BH Bikes
  • Axalko Bikes
  • Hagen Bikes
  • Mammoth bikes
  • Egurra Bikes
  • Garri Bike

Recent Developments

  • In October 2023, Merida Industry Co., Ltd. launched the all-new Silex gravel bike, which aims to improve comfort, speed, and handling across all types of terrain. This second-generation Silex gravel bike features revised geometry, increased tire clearance, and a focus on backpacking and multi-surface adventure riding. The updated Silex range includes six models, including carbon fiber and aluminum options.

  • In October 2022, Cervelo announced the launch of its first-ever XC-rated mountain bike. The ZHT-5 has a carbon fiber frame, which makes it lightweight and efficient. The lower-end GX model features a 100 mm RockShox SID SL Select RL fork, and the higher-end XX1 model features a SID SL Ultimate fork.

  • In February 2022, Merida Bikes announced the extension of its partnership with Team Bahrain Victorious. Team Bahrain Victorious is a UCI WorldTeam cycling team. Under the partnership, Bahrain Victorious would continue to get class-leading bikes from Merida Bikes, including the REACTO aero bike, the recently released SCULTURA, and the time trial-specific TIME WARP TT.

Bicycle Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 77,012.3 Million

Revenue forecast in 2030

USD 135,020.2 Million

Growth Rate

CAGR of 9.8% from 2023 to 2030

Actual Data

2017 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, design, technology, end-user, distribution channel, region

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; China; Japan; India; Australia; Brazil; Mexico; Kingdom of Saudi Arabia (KSA); UAE; South Africa

Key companies profiled

Accell Group; Atlas Cycles (Haryana) Ltd.; Avon Cycles Ltd.; Cervelo; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd; Specialized Bicycle Components, Inc.; SCOTT Sports SA; Trek Bicycle Corporation

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Bicycle Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Bicycle Market report based on product, design, technology, end-user, distribution channel and region.

  • Bicycle Product Outlook (Revenue, USD Million, 2017 - 2030)

    • Mountain Bikes

    • Hybrid Bikes

    • Road Bikes

    • Cargo Bikes

    • Others

  • Bicycle Design Outlook (Revenue, USD Million, 2017 - 2030)

    • Folding

    • Regular

  • Bicycle Technology Outlook (Revenue, USD Million, 2017 - 2030)

    • Electric

    • Conventional

  • Bicycle End-user Outlook (Revenue, USD Million, 2017 - 2030)

    • Men

    • Women

    • Kids

  • Bicycle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

    • Online

    • Offline

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • Kingdom of Saudi Arabia (KSA)

      • UAE

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Bicycle Market: Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope and Assumptions
                    1.3. List of Data Sources
                    1.4. List of Abbreviations
Chapter 2. Bicycle Market: Executive Summary
                    2.1. Market Insights
                    2.2. Market Snapshot
                    2.3. Segmental Insights
                    2.4. Bicycle Market Revenue Estimates, 2017 - 2030
Chapter 3. Bicycle Market: Variables, Trends, & Scope Outlook
                    3.1. Market Segmentation
                    3.2. Bicycle Market Size & Growth Prospects
                    3.3. Bicycle Market - Value Chain Analysis
                    3.4. Impact of the COVID-19 Pandemic
                    3.5. Bicycle Market Trends
                        3.5.1. Technology Trends
                        3.5.2. Buyer Trends
                        3.5.3. Supplier Trends
                        3.5.4. Regulatory Trends
                    3.6. Bicycle Market Dynamics
                        3.6.1. Market Driver Analysis
                            3.6.1.1. Adoption of healthy lifestyle Coupled with favorable government initiatives
                            3.6.1.2. Increasing participation in cycling sports and events which are organized across the globe
                        3.6.2. Market Restraint Analysis
                            3.6.2.1. Decreasing sales of children’s bicycles followed by tariff-related price increases
                        3.6.3. Market Opportunity Analysis
                            3.6.3.1. Advent and rapid expansion of dockless bike sharing systems
                    3.7. Bicycle Market - Porter's Five Forces Analysis
                        3.7.1. Supplier power
                        3.7.2. Buyer power
                        3.7.3. Substitution threat
                        3.7.4. Threat from new entrant
                        3.7.5. Competitive rivalry
                    3.8. Bicycle Market - PEST analysis
                        3.8.1. Political landscape
                        3.8.2. Economic landscape
                        3.8.3. Social landscape
                        3.8.4. Technology landscape
                    3.9. Major Deals & Strategic Alliances Analysis
                        3.9.1. New Product Developments
                        3.9.2. Mergers & acquisitions
                        3.9.3. Partnerships and Agreements
                        3.9.4. Expansion
                    3.10. Impact of COVID-19 Analysis
Chapter 4. Bicycle Market: Product Estimates & Trend Analysis
                   4.1. Segment Dashboard
                   4.2. Bicycle Market: Product Movement Analysis, 2022 & 2030 (USD Million)
                   4.3. Mountain Bikes
                       4.3.1. Mountain Bikes Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   4.4. Hybrid Bikes
                       4.4.1. Hybrid Bikes Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   4.5. Road Bikes
                       4.5.1. Road Bikes Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   4.6. Cargo Bikes
                       4.6.1. Cargo Bikes Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   4.7. Others
                       4.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Bicycle Market: Design Estimates & Trend Analysis
                   5.1. Segment Dashboard
                   5.2. Bicycle Market: Design Movement Analysis, 2022 & 2030 (USD Million)
                   5.3. Folding
                       5.3.1. Folding Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   5.4. Regular
                       5.4.1. Regular Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Bicycle Market: Technology Estimates & Trend Analysis
                   6.1. Segment Dashboard
                   6.2. Bicycle Market: Technology Movement Analysis, 2022 & 2030 (USD Million)
                   6.3. Electric
                       6.3.1. Electric Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   6.4. Conventional
                       6.4.1. Conventional Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Bicycle Market: End-user Estimates & Trend Analysis
                   7.1. Segment Dashboard
                   7.2. Bicycle Market: End-user Movement Analysis, 2022 & 2030 (USD Million)
                   7.3. Men
                       7.3.1. Men Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   7.4. Women
                       7.4.1. Women Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   7.5. Kids
                       7.5.1. Kids Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Bicycle Market: Distribution Channel Estimates & Trend Analysis
                   8.1. Segment Dashboard
                   8.2. Bicycle Market: Distribution Channel Movement Analysis, 2022 & 2030 (USD Million)
                   8.3. Online
                       8.3.1. Online Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                   8.4. Offline
                       8.4.1. Offline Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Bicycle Market: Regional Estimates & Trend Analysis
                   9.1. Bicycle Market Share, By Region, 2022 & 2030, USD Million
                   9.2. North America
                       9.2.1. North America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                       9.2.2. North America Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                       9.2.3. North America Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                       9.2.4. North America Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                       9.2.5. North America Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                       9.2.6. North America Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.2.7. U.S.
                           9.2.7.1. U.S. Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.2.7.2. U.S. Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.2.7.3. U.S. Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.2.7.4. U.S. Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.2.7.5. U.S. Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.2.7.6. U.S. Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.2.8. Canada
                           9.2.8.1. Canada Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.2.8.2. Canada Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.2.8.3. Canada Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.2.8.4. Canada Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.2.8.5. Canada Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.2.8.6. Canada Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.2.9. Mexico
                           9.2.9.1. Mexico Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.2.9.2. Mexico Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.2.9.3. Mexico Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.2.9.4. Mexico Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.2.9.5. Mexico Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.2.9.6. Mexico Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                   9.3. Europe
                       9.3.1. Europe Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                       9.3.2. Europe Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                       9.3.3. Europe Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                       9.3.4. Europe Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                       9.3.5. Europe Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                       9.3.6. Europe Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.3.7. U.K.
                           9.3.7.1. U.K. Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.3.7.2. U.K. Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.3.7.3. U.K. Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.3.7.4. U.K. Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.3.7.5. U.K. Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.3.7.6. U.K. Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.3.8. Germany
                           9.3.8.1. Germany Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.3.8.2. Germany Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.3.8.3. Germany Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.3.8.4. Germany Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.3.8.5. Germany Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.3.8.6. Germany Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.3.9. France
                           9.3.9.1. France Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.3.9.2. France Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.3.9.3. France Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.3.9.4. France Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.3.9.5. France Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.3.9.6. France Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.3.10. Italy
                           9.3.10.1. Italy Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.3.10.2. Italy Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.3.10.3. Italy Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.3.10.4. Italy Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.3.10.5. Italy Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.3.10.6. Italy Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                   9.4. Asia Pacific
                       9.4.1. Asia Pacific Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                       9.4.2. Asia Pacific Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                       9.4.3. Asia Pacific Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                       9.4.4. Asia Pacific Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                       9.4.5. Asia Pacific Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.4.6. China
                           9.4.6.1. China Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.4.6.2. China Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.4.6.3. China Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.4.6.4. China Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.4.6.5. China Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.4.6.6. China Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.4.7. Japan
                           9.4.7.1. Japan Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.4.7.2. Japan Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.4.7.3. Japan Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.4.7.4. Japan Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.4.7.5. Japan Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.4.7.6. Japan Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.4.8. India
                           9.4.8.1. India Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.4.8.2. India Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.4.8.3. India Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.4.8.4. India Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.4.8.5. India Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.4.8.6. India Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.4.9. South Korea
                           9.4.9.1. South Korea Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.4.9.2. South Korea Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.4.9.3. South Korea Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.4.9.4. South Korea Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.4.9.5. South Korea Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.4.9.6. South Korea Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.4.10. Australia
                           9.4.10.1. Australia Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.4.10.2. Australia Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.4.10.3. Australia Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.4.10.4. Australia Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.4.10.5. Australia Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.4.10.6. Australia Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                   9.5. Latin America
                       9.5.1. Latin America Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                       9.5.2. Latin America Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                       9.5.3. Latin America Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                       9.5.4. Latin America Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                       9.5.5. Latin America Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                       9.5.6. Latin America Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.5.7. Brazil
                           9.5.7.1. Brazil Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.5.7.2. Brazil Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.5.7.3. Brazil Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.5.7.4. Brazil Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.5.7.5. Brazil Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.5.7.6. Brazil Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.5.8. Mexico
                           9.5.8.1. Mexico Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.5.8.2. Mexico Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.5.8.3. Mexico Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.5.8.4. Mexico Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.5.8.5. Mexico Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.5.8.6. Mexico Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                   9.6. Middle East and Africa
                       9.6.1. Middle East & Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                       9.6.2. Middle East & Africa Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                       9.6.3. Middle East & Africa Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                       9.6.4. Middle East & Africa Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                       9.6.5. Middle East & Africa Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                       9.6.6. Middle East & Africa Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.6.7. KSA
                           9.6.7.1. KSA Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.6.7.2. KSA Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.6.7.3. KSA Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.6.7.4. KSA Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.6.7.5. KSA Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.6.7.6. KSA Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.6.8. UAE
                           9.6.8.1. UAE Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.6.8.2. UAE Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.6.8.3. UAE Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.6.8.4. UAE Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.6.8.5. UAE Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.6.8.6. UAE Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
                       9.6.9. South Africa
                           9.6.9.1. South Africa Bicycle Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                           9.6.9.2. South Africa Bicycle Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                           9.6.9.3. South Africa Bicycle Market Estimates and Forecasts, by Design, 2017 - 2030 (USD Million)
                           9.6.9.4. South Africa Bicycle Market Estimates and Forecasts, By Technology, 2017 - 2030 (USD Million)
                           9.6.9.5. South Africa Bicycle Market Estimates and Forecasts, By End-user, 2017 - 2030 (USD Million)
                           9.6.9.6. South Africa Bicycle Market Estimates and Forecasts, By Distribution Channel, 2017 - 2030 (USD Million)
Chapter 10. Competitive Landscape
                   10.1. Company Categorization
                   10.2. Key Company Market Share Analysis, 2022
                   10.3. Strategy Mapping
                       10.3.1. Expansion
                       10.3.2. Mergers & Acquisition
                       10.3.3. Partnerships & Collaborations
                       10.3.4. New Product Launches
                   10.4. Company Profiles
                       10.4.1. Accell Group
                           10.4.1.1. Participant’s Overview
                           10.4.1.2. Financial Performance
                           10.4.1.3. Product Benchmarking
                           10.4.1.4. Recent Developments
                       10.4.2. Atlas Cycles (Haryana) Ltd.
                           10.4.2.1. Participant’s Overview
                           10.4.2.2. Financial Performance
                           10.4.2.3. Product Benchmarking
                           10.4.2.4. Recent Developments
                       10.4.3. Avon Cycles Ltd
                           10.4.3.1. Participant’s Overview
                           10.4.3.2. Financial Performance
                           10.4.3.3. Product Benchmarking
                           10.4.3.4. Recent Developments
                       10.4.4. Cervelo
                           10.4.4.1. Participant’s Overview
                           10.4.4.2. Financial Performance
                           10.4.4.3. Product Benchmarking
                           10.4.4.4. Recent Developments
                       10.4.5. Dorel Industries Inc.
                           10.4.5.1. Participant’s Overview
                           10.4.5.2. Financial Performance
                           10.4.5.3. Product Benchmarking
                           10.4.5.4. Recent Developments
                       10.4.6. Giant Bicycles
                           10.4.6.1. Participant’s Overview
                           10.4.6.2. Financial Performance
                           10.4.6.3. Product Benchmarking
                           10.4.6.4. Recent Developments
                       10.4.7. Merida Industry Co., Ltd.
                           10.4.7.1. Participant’s Overview
                           10.4.7.2. Financial Performance
                           10.4.7.3. Product Benchmarking
                           10.4.7.4. Recent Developments
                       10.4.8. Specialized Bicycle Components, Inc.
                           10.4.8.1. Participant’s Overview
                           10.4.8.2. Financial Performance
                           10.4.8.3. Product Benchmarking
                           10.4.8.4. Recent Developments
                       10.4.9. SCOTT Sports SA
                           10.4.9.1. Participant’s Overview
                           10.4.9.2. Financial Performance
                           10.4.9.3. Product Benchmarking
                           10.4.9.4. Recent Developments
                       10.4.10. Trek Bicycle Corporation
                           10.4.10.1. Participant’s Overview
                           10.4.10.2. Financial Performance
                           10.4.10.3. Product Benchmarking
                           10.4.10.4. Recent Developments


List of Tables

Table 1 List of Abbreviation
Table 2 Bicycle market, 2017 - 2030 (USD Million)
Table 3 Bicycle market, by region, 2017 - 2030 (USD Million)
Table 4 Bicycle market, by product, 2017 - 2030 (USD Million)
Table 5 Bicycle market, by design, 2017 - 2030 (USD Million)
Table 6 Bicycle market, by technology, 2017 - 2030 (USD Million)
Table 7 Bicycle market, by end user, 2017 - 2030 (USD Million)
Table 8 Bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 9 Mountain bikes market, by region, 2017 - 2030 (USD Million)
Table 10 Hybrid bikes market, by region, 2017 - 2030 (USD Million)
Table 11 Road bikes market, by region, 2017 - 2030 (USD Million)
Table 12 Cargo bikes market, by region, 2017 - 2030 (USD Million)
Table 13 Other bicycle market, by region, 2017 - 2030 (USD Million)
Table 14 Folding bicycle market, by region, 2017 - 2030 (USD Million)
Table 15 Regular bicycle market, by region, 2017 - 2030 (USD Million)
Table 16 Electric bicycle market, by region, 2017 - 2030 (USD Million)
Table 17 Conventional bicycle market, by region, 2017 - 2030 (USD Million)
Table 18 Men bicycle market, by region, 2017 - 2030 (USD Million)
Table 19 Women bicycle market, by region, 2017 - 2030 (USD Million)
Table 20 Kids bicycle market, by region, 2017 - 2030 (USD Million)
Table 21 Online bicycle market, by region, 2017 - 2030 (USD Million)
Table 22 Offline bicycle market, by region, 2017 - 2030 (USD Million)
Table 23 North America bicycle market, by product, 2017 - 2030 (USD Million)
Table 24 North America bicycle market, by design, 2017 - 2030 (USD Million)
Table 25 North America bicycle market, by technology, 2017 - 2030 (USD Million)
Table 26 North America bicycle market, by end user, 2017 - 2030 (USD Million)
Table 27 North America bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 28 U.S. bicycle market, by product, 2017 - 2030 (USD Million)
Table 29 U.S. bicycle market, by design, 2017 - 2030 (USD Million)
Table 30 U.S. bicycle market, by technology, 2017 - 2030 (USD Million)
Table 31 U.S. bicycle market, by end user, 2017 - 2030 (USD Million)
Table 32 U.S. bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 33 Canada bicycle market, by product, 2017 - 2030 (USD Million)
Table 34 Canada bicycle market, by design, 2017 - 2030 (USD Million)
Table 35 Canada bicycle market, by technology, 2017 - 2030 (USD Million)
Table 36 Canada bicycle market, by end user, 2017 - 2030 (USD Million)
Table 37 Canada bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 38 Europe bicycle market, by product, 2017 - 2030 (USD Million)
Table 39 Europe bicycle market, by design, 2017 - 2030 (USD Million)
Table 40 Europe bicycle market, by technology, 2017 - 2030 (USD Million)
Table 41 Europe bicycle market, by end user, 2017 - 2030 (USD Million)
Table 42 Europe bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 43 U.K. bicycle market, by product, 2017 - 2030 (USD Million)
Table 44 U.K. bicycle market, by design, 2017 - 2030 (USD Million)
Table 45 U.K. bicycle market, by technology, 2017 - 2030 (USD Million)
Table 46 U.K. bicycle market, by end user, 2017 - 2030 (USD Million)
Table 47 U.K. bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 48 Germany bicycle market, by product, 2017 - 2030 (USD Million)
Table 49 Germany bicycle market, by design, 2017 - 2030 (USD Million)
Table 50 Germany bicycle market, by technology, 2017 - 2030 (USD Million)
Table 51 Germany bicycle market, by end user, 2017 - 2030 (USD Million)
Table 52 Germany bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 53 France bicycle market, by product, 2017 - 2030 (USD Million)
Table 54 France bicycle market, by design, 2017 - 2030 (USD Million)
Table 55 France bicycle market, by technology, 2017 - 2030 (USD Million)
Table 56 France bicycle market, by end user, 2017 - 2030 (USD Million)
Table 57 France bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 58 Italy bicycle market, by product, 2017 - 2030 (USD Million)
Table 59 Italy bicycle market, by design, 2017 - 2030 (USD Million)
Table 60 Italy bicycle market, by technology, 2017 - 2030 (USD Million)
Table 61 Italy bicycle market, by end user, 2017 - 2030 (USD Million)
Table 62 Italy bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 63 Asia Pacific bicycle market, by product, 2017 - 2030 (USD Million)
Table 64 Asia Pacific bicycle market, by design, 2017 - 2030 (USD Million)
Table 65 Asia Pacific bicycle market, by technology, 2017 - 2030 (USD Million)
Table 66 Asia Pacific bicycle market, by end user, 2017 - 2030 (USD Million)
Table 67 Asia Pacific bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 68 China bicycle market, by product, 2017 - 2030 (USD Million)
Table 69 China bicycle market, by design, 2017 - 2030 (USD Million)
Table 70 China bicycle market, by technology, 2017 - 2030 (USD Million)
Table 71 China bicycle market, by end user, 2017 - 2030 (USD Million)
Table 72 China bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 73 India bicycle market, by product, 2017 - 2030 (USD Million)
Table 74 India bicycle market, by design, 2017 - 2030 (USD Million)
Table 75 India bicycle market, by technology, 2017 - 2030 (USD Million)
Table 76 India bicycle market, by end user, 2017 - 2030 (USD Million)
Table 77 India bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 78 Japan bicycle market, by product, 2017 - 2030 (USD Million)
Table 79 Japan bicycle market, by design, 2017 - 2030 (USD Million)
Table 80 Japan bicycle market, by technology, 2017 - 2030 (USD Million)
Table 81 Japan bicycle market, by end user, 2017 - 2030 (USD Million)
Table 82 Japan bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 83 South Korea bicycle market, by product, 2017 - 2030 (USD Million)
Table 84 South Korea bicycle market, by design, 2017 - 2030 (USD Million)
Table 85 South Korea bicycle market, by technology, 2017 - 2030 (USD Million)
Table 86 South Korea bicycle market, by end user, 2017 - 2030 (USD Million)
Table 87 South Korea bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 88 Australia bicycle market, by product, 2017 - 2030 (USD Million)
Table 89 Australia bicycle market, by design, 2017 - 2030 (USD Million)
Table 90 Australia bicycle market, by technology, 2017 - 2030 (USD Million)
Table 91 Australia bicycle market, by end user, 2017 - 2030 (USD Million)
Table 92 Australia bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 93 Latin America bicycle market, by product, 2017 - 2030 (USD Million)
Table 94 Latin America bicycle market, by design, 2017 - 2030 (USD Million)
Table 95 Latin America bicycle market, by technology, 2017 - 2030 (USD Million)
Table 96 Latin America bicycle market, by end user, 2017 - 2030 (USD Million)
Table 97 Latin America bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 98 Brazil bicycle market, by product, 2017 - 2030 (USD Million)
Table 99 Brazil bicycle market, by design, 2017 - 2030 (USD Million)
Table 100 Brazil bicycle market, by technology, 2017 - 2030 (USD Million)
Table 101 Brazil bicycle market, by end user, 2017 - 2030 (USD Million)
Table 102 Brazil bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 103 Mexico bicycle market, by product, 2017 - 2030 (USD Million)
Table 104 Mexico bicycle market, by design, 2017 - 2030 (USD Million)
Table 105 Mexico bicycle market, by technology, 2017 - 2030 (USD Million)
Table 106 Mexico bicycle market, by end user, 2017 - 2030 (USD Million)
Table 107 Mexico bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 108 MEA bicycle market, by product, 2017 - 2030 (USD Million)
Table 109 MEA bicycle market, by design, 2017 - 2030 (USD Million)
Table 110 MEA bicycle market, by technology, 2017 - 2030 (USD Million)
Table 111 MEA bicycle market, by end user, 2017 - 2030 (USD Million)
Table 112 MEA bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 113 UAE bicycle market, by product, 2017 - 2030 (USD Million)
Table 114 UAE bicycle market, by design, 2017 - 2030 (USD Million)
Table 115 UAE bicycle market, by technology, 2017 - 2030 (USD Million)
Table 116 UAE bicycle market, by end user, 2017 - 2030 (USD Million)
Table 117 UAE bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 118 KSA bicycle market, by product, 2017 - 2030 (USD Million)
Table 119 KSA bicycle market, by design, 2017 - 2030 (USD Million)
Table 120 KSA bicycle market, by technology, 2017 - 2030 (USD Million)
Table 121 KSA bicycle market, by end user, 2017 - 2030 (USD Million)
Table 122 KSA bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 123 South Africa bicycle market, by product, 2017 - 2030 (USD Million)
Table 124 South Africa bicycle market, by design, 2017 - 2030 (USD Million)
Table 125 South Africa bicycle market, by technology, 2017 - 2030 (USD Million)
Table 126 South Africa bicycle market, by end user, 2017 - 2030 (USD Million)
Table 127 South Africa bicycle market, by distribution channel, 2017 - 2030 (USD Million)
Table 128 Participants Overview
Table 129 Financial Performance
Table 130 Product Benchmarking
Table 131 Strategic Initiatives


List of Figures

Fig. 1 Bicycle Market segmentation
Fig. 2 Bicycle Market Regional Scope
Fig. 3 Information procurement
Fig. 4 Data analysis models
Fig. 5 Market formulation and validation
Fig. 6 Data validating & publishing
Fig. 7 Market snapshot
Fig. 8 Segment snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Bicycle Market Analysis - Market Dynamics
Fig. 11 Bicycle Market - Value Chain Analysis
Fig. 12 Bicycle Market Analysis - Porter’s
Fig. 13 Bicycle Market Analysis - PESTLE
Fig. 14 Bicycle Market - Product Movement Analysis
Fig. 15 Bicycle Market - Product Market Share Analysis, 2022 & 2030
Fig. 16 Bicycle Market - Design Movement Analysis
Fig. 17 Bicycle Market - Design Market Share Analysis, 2022 & 2030
Fig. 18 Bicycle Market - Technology Movement Analysis
Fig. 19 Bicycle Market - Technology Market Share Analysis, 2022 & 2030
Fig. 20 Bicycle Market - End-user Movement Analysis
Fig. 21 Bicycle Market - End-user Market Share Analysis, 2022 & 2030
Fig. 22 Bicycle Market - Distribution Channel Movement Analysis
Fig. 23 Bicycle Market - Distribution Channel Market Share Analysis, 2022 & 2030
Fig. 24 Regional Marketplace: Key Takeaways
Fig. 25 Bicycle Market - Regional Movement Analysis
Fig. 26 Regional Analyst Notes
Fig. 27 North America - Key Takeaways
Fig. 28 Europe - Key Takeaways
Fig. 29 Asia Pacific - Key Takeaways
Fig. 30 Latin America - Key Takeaways
Fig. 31 Middle East & Africa- Key Takeaways
Fig. 32 Bicycle Market - Key Company Market Share Analysis, 2022
Fig. 33 Bicycle Market - Company Categorization 
Fig. 34 Bicycle Market - Strategic Framework

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Market Segmentation

  • Bicycle Product Outlook (Revenue, USD Million; 2017 - 2030)
    • Mountain Bikes
    • Hybrid Bikes
    • Road Bikes
    • Cargo Bikes
    • Others
  • Bicycle Design Outlook (Revenue, USD Million; 2017 - 2030)
    • Folding
    • Regular
  • Bicycle Technology Outlook (Revenue, USD Million; 2017 - 2030)
    • Electric
    • Conventional
  • Bicycle End-user Outlook (Revenue, USD Million; 2017 - 2030)
    • Men
    • Women
    • Kids
  • Bicycle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
    • Online
    • Offline
  • Bicycle Regional Outlook (Revenue, USD Million; 2017 - 2030)
    • North America
      • North America Bicycle Market by Product
        • Mountain Bikes
        • Hybrid Bikes
        • Road Bikes
        • Cargo Bikes
        • Others
      • North America Bicycle Market by Design
        • Folding
        • Regular
      • North America Bicycle Market by Technology
        • Electric
        • Conventional
      • North America Bicycle Market by End-user
        • Men
        • Women
        • Kids
      • North America Bicycle Market by Distribution Channel
        • Online
        • Offline
      • U.S.
        • U.S. Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • U.S. Bicycle Market by Design
          • Folding
          • Regular
        • U.S. Bicycle Market by Technology
          • Electric
          • Conventional
        • U.S. Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • U.S. Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Canada
        • Canada Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Canada Bicycle Market by Design
          • Folding
          • Regular
        • Canada Bicycle Market by Technology
          • Electric
          • Conventional
        • Canada Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Canada Bicycle Market by Distribution Channel
          • Online
          • Offline
    • Europe
      • Europe Bicycle Market by Product
        • Mountain Bikes
        • Hybrid Bikes
        • Road Bikes
        • Cargo Bikes
        • Others
      • Europe Bicycle Market by Design
        • Folding
        • Regular
      • Europe Bicycle Market by Technology
        • Electric
        • Conventional
      • Europe Bicycle Market by End-user
        • Men
        • Women
        • Kids
      • Europe Bicycle Market by Distribution Channel
        • Online
        • Offline
      • U.K.
        • U.K. Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • U.K. Bicycle Market by Design
          • Folding
          • Regular
        • U.K. Bicycle Market by Technology
          • Electric
          • Conventional
        • U.K. Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • U.K. Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Germany
        • Germany Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Germany Bicycle Market by Design
          • Folding
          • Regular
        • Germany Bicycle Market by Technology
          • Electric
          • Conventional
        • Germany Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Germany Bicycle Market by Distribution Channel
          • Online
          • Offline
      • France
        • France Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • France Bicycle Market by Design
          • Folding
          • Regular
        • France Bicycle Market by Technology
          • Electric
          • Conventional
        • France Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • France Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Italy
        • Italy Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Italy Bicycle Market by Design
          • Folding
          • Regular
        • Italy Bicycle Market by Technology
          • Electric
          • Conventional
        • Italy Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Italy Bicycle Market by Distribution Channel
          • Online
          • Offline
    • Asia Pacific
      • Asia Pacific Bicycle Market by Product
        • Mountain Bikes
        • Hybrid Bikes
        • Road Bikes
        • Cargo Bikes
        • Others
      • Asia Pacific Bicycle Market by Design
        • Folding
        • Regular
      • Asia Pacific Bicycle Market by Technology
        • Electric
        • Conventional
      • Asia Pacific Bicycle Market by End-user
        • Men
        • Women
        • Kids
      • Asia Pacific Bicycle Market by Distribution Channel
        • Online
        • Offline
      • China
        • China Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • China Bicycle Market by Design
          • Folding
          • Regular
        • China Bicycle Market by Technology
          • Electric
          • Conventional
        • China Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • China Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Japan
        • Japan Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Japan Bicycle Market by Design
          • Folding
          • Regular
        • Japan Bicycle Market by Technology
          • Electric
          • Conventional
        • Japan Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Japan Bicycle Market by Distribution Channel
          • Online
          • Offline
      • India
        • India Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • India Bicycle Market by Design
          • Folding
          • Regular
        • India Bicycle Market by Technology
          • Electric
          • Conventional
        • India Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • India Bicycle Market by Distribution Channel
          • Online
          • Offline
      • South Korea
        • South Korea Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • South Korea Bicycle Market by Design
          • Folding
          • Regular
        • South Korea Bicycle Market by Technology
          • Electric
          • Conventional
        • South Korea Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • South Korea Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Australia
        • Australia Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Australia Bicycle Market by Design
          • Folding
          • Regular
        • Australia Bicycle Market by Technology
          • Electric
          • Conventional
        • Australia Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Australia Bicycle Market by Distribution Channel
          • Online
          • Offline
    • Latin America
      • Larin America Bicycle Market by Product
        • Mountain Bikes
        • Hybrid Bikes
        • Road Bikes
        • Cargo Bikes
        • Others
      • Latin America Bicycle Market by Design
        • Folding
        • Regular
      • Latin America Bicycle Market by Technology
        • Electric
        • Conventional
      • Latin America Bicycle Market by End-user
        • Men
        • Women
        • Kids
      • Latin America Bicycle Market by Distribution Channel
        • Online
        • Offline
      • Brazil
        • Brazil Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Brazil Bicycle Market by Design
          • Folding
          • Regular
        • Brazil Bicycle Market by Technology
          • Electric
          • Conventional
        • Brazil Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Brazil Bicycle Market by Distribution Channel
          • Online
          • Offline
      • Mexico
        • Mexico Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Mexico Bicycle Market by Design
          • Folding
          • Regular
        • Mexico Bicycle Market by Technology
          • Electric
          • Conventional
        • Mexico Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Mexico Bicycle Market by Distribution Channel
          • Online
          • Offline
    • Middle East & Africa
      • Middle East & Africa Bicycle Market by Product
        • Mountain Bikes
        • Hybrid Bikes
        • Road Bikes
        • Cargo Bikes
        • Others
      • Middle East & Africa Bicycle Market by Design
        • Folding
        • Regular
      • Middle East & Africa Bicycle Market by Technology
        • Electric
        • Conventional
      • Middle East & Africa Bicycle Market by End-user
        • Men
        • Women
        • Kids
      • Middle East & Africa Bicycle Market by Distribution Channel
        • Online
        • Offline
      • Kingdom of Saudi Arabia (KSA)
        • Kingdom of Saudi Arabia (KSA) Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • Kingdom of Saudi Arabia (KSA) Bicycle Market by Design
          • Folding
          • Regular
        • Kingdom of Saudi Arabia (KSA) Bicycle Market by Technology
          • Electric
          • Conventional
        • Kingdom of Saudi Arabia (KSA) Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • Kingdom of Saudi Arabia (KSA) Bicycle Market by Distribution Channel
          • Online
          • Offline
      • UAE
        • UAE Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • UAE Bicycle Market by Design
          • Folding
          • Regular
        • UAE Bicycle Market by Technology
          • Electric
          • Conventional
        • UAE Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • UAE Bicycle Market by Distribution Channel
          • Online
          • Offline
      • South Africa
        • South Africa Bicycle Market by Product
          • Mountain Bikes
          • Hybrid Bikes
          • Road Bikes
          • Cargo Bikes
          • Others
        • South Africa Bicycle Market by Design
          • Folding
          • Regular
        • South Africa Bicycle Market by Technology
          • Electric
          • Conventional
        • South Africa Bicycle Market by End-user
          • Men
          • Women
          • Kids
        • South Africa Bicycle Market by Distribution Channel
          • Online
          • Offline

Bicycle Market Dynamics

Driver:  Adoption Of Healthy Lifestyle Coupled With Favourable Government Initiatives

Individuals all around the world have begun to understand how important it is to have an active and healthy lifestyle to stay in shape. Running, cycling, working out at the gym, and other physical activities are among the many everyday physical activities people participate in as part of an active lifestyle. Since individuals discovered that frequent cycling is an easy way to stay physically fit, the number of people riding bicycles has skyrocketed. Osteoporosis, heart disease, bone-related problems, and other conditions may become less likely as a result. Bicycles are predicted to become more and more popular as a regular method of exercise as more and more people turn to cycling. Bike use is becoming more popular as a quicker everyday transportation option in addition to fitness uses. Road bicycles are becoming more and more in demand as individuals all around the world choose to utilize bicycles as an alternate mode of transportation to escape traffic. The increased preference for biking as a form of recreation is also projected to boost the expansion. It is also anticipated that in the next years, bicycle adoption rates will increase as a result of government campaigns to raise awareness of the advantages of riding combined with incentive programs.

Driver: Increasing Participation In Cycling Sports And Events Which Are Organized Across The Globe

Several cycling events are being planned worldwide to raise awareness of the advantages of riding a bicycle. Consequently, there is an increase in the use of bicycles for recreational and healthful purposes in daily life. In addition to all the activities, there is a massive global increase in the involvement in different bicycle sports. A well-known bicycle sport across the globe is cyclocross. This kind of cycling competition takes place over a brief circuit including grass, concrete, hills, forests, and many of obstacles. Road bikes or mountain bikes made to survive the rugged terrain are needed for these kinds of activities. Lightweight and safer sport bicycles were made possible by technological advancements in bicycle design by the manufacturer. Many of these activities are now practiced all over the world because to the increased safety and overall performance of cyclocross bicycles.

Restraint: Decreasing Sales Of Children’s Bicycles Followed By Tariff-Related Price Increases

Children between the ages of 6 and 17 make up the single greatest age demographic of all bikers Since they ride bicycles more frequently than any other age group. However, the number of kids who regularly rode bikes in the United States dropped by more than a million between 2014 and 2018, according to the Sports & Fitness Industry Association (SFIA). Since children's bicycles are becoming less popular in the United States, the country that leads the world in bicycle sales, the bicycle industry is predicted to suffer. The main cause of this decline in demand is the way children are living their lives since they are spending more and more time on television, phones, and video games. Additionally, according to a GVR study, the global unit sales of children's bicycles fell by more than 5% between 2018 and 2019. Many merchants have consequently raised their pricing to offset the decline in customer demand.

What Does This Report Include?

This section will provide insights into the contents included in this bicycle market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Bicycle market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Bicycle market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the bicycle market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for bicycle market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of bicycle market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Bicycle Market Categorization:

The bicycle market was categorized into five segments, namely product (Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes), technology (Electric, Conventional), end-user (Men, Women, Kids), distribution channel (Online, Offline), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The bicycle market was segmented into product, protocols, technology, end-user, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The bicycle market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eleven countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; China; Japan; India; Brazil; and Mexico.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Bicycle market companies & financials:

The bicycle market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Accell Group - Accell Group manufactures, designs, promotes and sells bicycles, bicycle accessories, and bicycle components. The business is divided into two sections: components and motorcycles. The firm sells children's bicycles, electric bicycles, touring and city bicycles, mountain and race bicycles, exercise equipment, and leisure bicycles. In addition, it sells bicycle seats, bike parts, and locks. The firm works under numerous brands such as Batavus, Haibike, Winora, Lapierre, Ghost, Koga, Sparta, Diamondback, Loekie, Atala, Redline, and XLC, through which the company services to more than 80 nations throughout the globe. The company operates in numerous countries such as Belgium, Turkey, Italy, Germany, France, the Netherlands, the U.K., and the U.S. The corporation operates production plants throughout many nations, including China, Turkey, France, Germany, Hungary, and the Netherlands. Under the ticker code AscX, the company's shares are part of the Amsterdam Smallcap Index and are traded on the Euronext Amsterdam stock market.

  • Atlas Cycles (Haryana) Ltd. - Steel tubes and bicycle components are produced, designed, and sold by Atlas Cycles (Haryana) Ltd. Bikes are manufactured and sold under brands including Roar, MTB, ladies, juniors, and kids. With an annual capacity of 4 million cycles, the company's production plant is located in Sahibabad (Ghaziabad), Haryana. British Standards Institution accreditation for the firm includes ISO-9001-2008 certification. In addition to the Netherlands, Germany, Denmark, Bahrain, Kuwait, Iraq, Oman, Saudi Arabia, Qatar, Bangladesh, Myanmar, the UAE, and Sri Lanka, the firm distributes bicycles and bicycle components to several other countries.

  • Cervelo - Cervelo develops and produces classic road bikes, time trial bikes, triathlon bikes, and off-road bikes. Products like R5, S5, Soloist, P5, P-Series, PXSeries, R5-CX, Aspero-5, Aspero, and ZHT-5 are among those in the company's portfolio. The firm also sells accessories like bicycle components and soft items. Products from the firm are sold in Australia, Belgium, Canada, Denmark, France, India, and the United States, among other nations

  • Dorel Industries Inc. - Dorel Industries Inc. produces and designs bicycles, kids' items, home furniture and other leisure. Dorel Sports, Dorel Home, and Dorel Juvenile are the three reporting segments that the corporation uses to do business. Highchairs, infant car seats, strollers, playpens, baby safety and health aids, swings, and developmental toys are among the products offered by Dorel Juvenile. Global juvenile brands like Safety 1st, Maxi-Cosi, Quinny, and Tiny Love as well as regional brands like Cosco, Bébé Confort, and Infanti promote them. Bicycles, running and cycling clothes, kids' electric ride-on bikes, bicycle trailers, jogging strollers, electric bikes, and associated components and accessories are all available from the Dorel Sports division. A large variety of locally made and imported furniture items, mostly from North America, are included in the Dorel Home category. Along with several retail manufacturing shops in Europe and Australia, the firm runs and controls about 100 retail stores in Chile and Peru. There are 25 nations in which the corporation is present worldwide, including the United States, Canada, Mexico, France, and China. The firm is listed on the Toronto Stock Exchange under the ticker symbol: DII.B.

  • Giant Bicycle, Inc. - Giant Manufacturing Co. Ltd. is a division of Taiwanese bicycle makers as well as a manufacturer and designer of women's, road, mountain, lifestyle, and children's bicycles all designed and produced by Giant Bicycles, Inc. In addition, Giant Bicycle, Inc. sells gloves, hats, socks, caps, and helmets; indoor cycling equipment, such as trainers and related accessories; and a variety of accessories, such as bags, pumps, lights, locks, cages, and bike coverings. In addition, the firm sells trailer bikes, kid seats, jogging strollers, and tricycles. The company is found across several continents, including Oceania, Asia Pacific, Europe, and North America. The business is traded on the Taiwan Stock Exchange and is designated with the ticker 9921.

  • Merida Industry Co., Ltd - Merida Industry Co., Ltd. deals in bicycle design, production, and marketing. The company also trades electric bikes, bicycle frames, and other associated parts. Complete suspension bikes, hardtail bikes, youth and women's bikes, e-bikes, backpacks, clothing, bike parts, tools, trailers, and other accessories are among the company's main product lines. More than 77 nations, including Argentina, Australia, Austria, Belgium, Brazil, China, Finland, Germany, Korea, the Netherlands, Russia, Switzerland, Taiwan, and the United Kingdom, are home to the company's markets. The firm is traded on the Taiwan Stock Exchange (9914) and the Frankfurt Stock Exchange.

  • Specialized Bicycle Components, Inc. - Specialized Bicycle Components, Inc is a manufacturer, distributor, and retailer of bicycle parts and accessories. Under the Specialized brand, the firm sells and advertises its products. Mountain, road, kids, active fitness, and electric bikes are among the company's main product categories. The brand also offers base layers, gloves, shirts, headgear, hoodies, jerseys, bibs and shorts, jackets, and vests for cyclists. In addition, the firm sells components and accessories for bicycles, including drivetrains, handlebars, pedals, seat posts, stems, suspensions, wheels, saddles, and power meters. Worldwide direct and indirect sales channels are used by the corporation to market its product and services. North and South America, Europe, the Middle East, Africa, and Asia are among the continents where the firm has its presence.

  • SCOTT Sports SA - SCOTT Sports SA. is renowned producer of bicycles, winter gear, motorsports equipment, and apparel. The company is a subsidiary of Youngone Corporation. Road bikes, mountain bikes, city and urban bikes, trekking cycles, junior bikes, e-bikes, and framesets are among the company's main product categories. Along with goggles, helmets, sunglasses, bags and backpacks, shoes, body protection gear, probes, shovels, and apparel (shirts, jerseys, vests, jackets, bibs, tights, shorts, knickers, pants, gloves, and other accessories), SCOTT Sports SA also sells body protection items. The business also sells gear for off-road and snowmobile motorsports.

  • Trek Bicycle Corporation - Trek Bicycle Corporation produces and markets bicycles along with other goods and accessories. The firm works as a subsidiary of Roth Distributing Co., Inc. Under many brand names, including as Trek Bicycle, Bontrager, Electra, Trek Factory Racing, Mansion Hill, and DreamBikes, Trek Bicycle Corporation offers its goods for sale. Key products offered by the firm are bicycles for mountain riding, cross-country riding, cyclocross riding, hybrid riding, city riding, women's riding, children's riding, and custom riding. In addition, the firm sells cycling accessories including baskets, helmets, lights, pumps, rear bike racks, skewers, replacement parts, water bottles, and cages, as well as cycling components like handlebars, saddles, seat posts, tires, and stems. The company uses both direct and indirect sales channels to market its goods both domestically and internationally. Dorel Industries Inc., Giant Manufacturing Company, and Specialized Bicycle Components are some of its rivals.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Bicycle Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Bicycle Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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