The Colombia bicycle market size reached approximately USD 195.33 Million in 2024. The market is projected to grow at a CAGR of 6.80% between 2025 and 2034, reaching a value of around USD 377.12 Million by 2034.

The revenue in the bicycles market in Colombia was forecast to continuously increase between 2025 and 2029 by in total **** million U.S. dollars (+**** percent). According to this forecast, in 2029, the revenue will have increased for the third consecutive year to ****** million U.S. dollars. Find more key insights for the revenue in countries like the Dominican Republic, Uruguay, and Argentina.. The Statista Market Insights cover a broad range of additional markets.

The Colombian bicycle lighting market reached $2M in 2024, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a noticeable increase. As a result, consumption reached the peak level of $4.4M. From 2022 to 2024, the growth of the market remained at a lower figure.

The Colombia Bicycle Accessories market was valued at more than USD 42 Million in 2023, weather-resistant products.

Bicycle Wheel Rims and Spokes Market Size Value Per Capita in Colombia, 2021 Discover more data with ReportLinker!

In 2023, overseas purchases of bicycles and other cycles decreased by -21.4% to 281K units, falling for the second consecutive year after two years of growth.

The revenue in the bicycles market in Argentina was forecast to continuously increase between 2025 and 2029 by in total **** million U.S. dollars (+***** percent). After the tenth consecutive increasing year, the revenue is estimated to reach *** million U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries like Costa Rica, Mexico, and Colombia.. The Statista Market Insights cover a broad range of additional markets.

The revenue in the bicycles market in Guyana was forecast to continuously increase between 2025 and 2029 by in total *** million U.S. dollars (+***** percent). According to this forecast, in 2029, the revenue will have increased for the fourth consecutive year to **** million U.S. dollars. Find more key insights for the revenue in countries like Suriname, Colombia, and Jamaica.. The Statista Market Insights cover a broad range of additional markets.

The Latin American electric bike market is experiencing robust growth, driven by increasing environmental awareness, rising fuel costs, and government initiatives promoting sustainable transportation. The market, currently valued at approximately $XX million (estimated based on provided CAGR and market size data), is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This growth is fueled by several key factors. The rising popularity of e-bikes for city commuting and recreational activities like trekking, particularly in urban centers like Sao Paulo and Mexico City, is a significant contributor. Furthermore, the increasing affordability of electric bikes, particularly pedal-assisted models, is expanding market accessibility to a wider consumer base across various socioeconomic groups. Technological advancements in battery technology, such as the shift toward longer-lasting and higher-capacity lithium-ion batteries, are also boosting adoption rates. Different segments are exhibiting varying growth trajectories. The pedal-assisted segment is likely experiencing greater market penetration initially due to its lower price point and greater accessibility, while the throttle-assisted segment gains traction with performance-focused users. Cargo e-bikes represent a niche but rapidly expanding segment catering to last-mile delivery services and family transportation needs. The market faces some restraints, including inconsistent infrastructure for e-bike charging, a lack of awareness in certain regions, and potentially higher initial purchase costs compared to traditional bicycles. However, government incentives and expanding charging infrastructure are expected to mitigate these challenges over the forecast period. Key players like EMOV, Pedego Electric Bikes, and Giant Bicycles are strategically positioning themselves to capture market share by focusing on localized product offerings and developing robust distribution networks. Brazil, as the largest economy in Latin America, remains a dominant market, followed by Mexico, Argentina, and Colombia. The forecast period (2025-2033) promises significant expansion for the Latin American electric bike industry, driven by ongoing urbanization, growing middle-class income levels, and a growing emphasis on health and fitness. The market's segmentation by propulsion type, application, and battery type allows for a granular understanding of consumer preferences and future market trends. Continuous innovation in battery technology, along with supportive government policies and increased consumer awareness, positions the Latin American electric bike market for considerable growth. Further analysis of individual countries within the region will allow for more targeted investment strategies and product development. Competitive dynamics are likely to intensify as more players enter the market, particularly in the higher-margin segments like e-MTBs and cargo bikes. A diversified product portfolio and strong distribution channels will be crucial for success in this dynamic and expanding market. This comprehensive report provides an in-depth analysis of the burgeoning Latin America electric bikes market, offering invaluable insights for businesses, investors, and policymakers. The study period covers 2019-2033, with 2025 as the base and estimated year, and a forecast period spanning 2025-2033. This report leverages historical data (2019-2024) to project future market trends, focusing on key segments such as propulsion type (pedal-assisted, throttle-assisted), application type (city/urban, trekking, cargo), and battery type (lithium-ion, lead-acid). The market is expected to witness significant growth, reaching millions of units sold by 2033. Key drivers for this market are: Rising Traffic Congestion and Increasing Urban Population to Foster Market Growth. Potential restraints include: Strict Government Regulations and Policies Toward Ride-hailing Services Impact the Market Growth. Notable trends are: E-Bike Sharing will Provide the boost in the market.

In 2024, the Colombian motorcycle or bicycle tyre market was finally on the rise to reach $89M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption recorded a temperate increase. Motorcycle or bicycle tyre consumption peaked at $138M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.

The revenue in the bicycles market in Peru was forecast to increase between 2025 and 2029 by in total *** million U.S. dollars (+**** percent). This overall increase does not happen continuously, notably not in 2027. The revenue is estimated to amount to ***** million U.S. dollars in 2029. Find more key insights for the revenue in countries like Colombia, Nicaragua, and Argentina.. The Statista Market Insights cover a broad range of additional markets.

The report covers Latin America Electric Bike Market Companies and is segmented by Propulsion Type (Pedal-assisted and Throttle-assisted (Power-on-demand)), Application Type (City/Urban, Trekking (E-mountain Bikes/e-MTB), and Cargo), Battery Type (Lithium-Ion Battery, Lead-Acid Battery), and Country (Brazil, Argentina, Mexico, Chile, Colombia, and Rest of Latin America)

Statistics illustrates market overview of electric motorcycles, scooters and cycles in Colombia from 2007 to 2024.

The Colombian market for motorcycles and cycles with an auxiliary motor totaled $36M in 2024, surging by 5.5% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Consumption of peaked in 2024 and is likely to see gradual growth in the near future.

Statistics illustrates market overview of new pneumatic tyres, other than for agricultural or forestry and construction or industrial handling vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles in Colombia from 2007 to 2024.

After three years of growth, supplies from abroad of side cars and cycles with non-combustion motors decreased by -14.2% to 68K units in 2023.

In 2024, the Colombian market for electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by -5.1% to $556M for the first time since 2017, thus ending a six-year rising trend. Over the period under review, consumption enjoyed a buoyant expansion. Lighting equipment for motor vehicles consumption peaked at $586M in 2023, and then contracted in the following year.