In 2023, the U.S. bicycle market was valued at 8.2 billion U.S. dollars. Over the coming years, the market is projected to increase by a quarter, growing to a value of about 10.3 billion U.S. dollars by 2029. This development follows a worldwide trend, with the global bicycle market expected to increase by nearly 14 percent in the same period.

This statistic represents the estimated size of the U.S. bicycle market between 2004 and 2015. In 2012, the bicycle market in the United States was estimated to be sized at about 6.1 billion U.S. dollars. U.S. bicycle market size In 2014, the U.S. market for bicycles, bicycle parts and accessories was sized at a little over six billion U.S. dollars. This figure represents an increase of around 300 million U.S. dollars compared to the previous year. Although U.S.-based manufacturers like Trek, Specialized or Redline are popular bike brands in the United States, the majority of products are manufactured abroad: An estimated 99 percent of the 18 million bicycles sold in the United States were imported from Taiwan and China. Whilst bicycling has faded as a pastime in recent years, it has grown as a sport. The gradual growth in sales of road bikes in comparison to the slow decline in sales of youth bikes suggests that bicycles are not seen as being just toys for children anymore, and while the number of young people who ride bicycles has declined between 2000 and 2013, the number of frequent adult cyclists has increased over this time period. At the same time, electric bikes have emerged as one of the largest growth segments as of late: In 2014, some 276,000 electric bicycles were sold to customers in the United States. This figure is projected to grow to 400,000 units by 2016.

The Report Covers North America Bicycle Market Share by Brand & Industry Size and it is segmented by Type (Road Bicycles, Hybrid Bicycles, All-Terrain Bicycles, E-bicycles, and Other Types); by Distribution Channel (Offline Retail Stores and Online Retail stores); by Geography (United States, Canada, Mexico, and Rest of North America). The report offers market size and values in (USD Million) during the forecasted years for the above segments.

According to Cognitive Market Research, The global bicycle market size is USD 65.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030.

The demand for bicycle is rising due to the numerous strategies adopted by key participants.
Demand for electric bicycles remains higher in the bicycle market.
The men category held the highest bicycle market revenue share in 2023.
Asia Pacific bicycle will continue to lead, whereas the European bicycle market will experience the most substantial growth until 2030.

Urbanization and Government Initiatives to Provide Viable Market Output

The trend of urbanization is leading to increased demand for bicycles as a practical and efficient mode of transportation in crowded urban areas. Bicycles can be faster and more convenient than cars or public transportation in city traffic, and they take up less space, making them a popular choice for city dwellers. Government initiatives to promote sustainable transportation and reduce carbon emissions are also driving growth in the bicycle market. Governments are investing in infrastructure, such as bike lanes and bike-sharing programs, and providing incentives for consumers to choose bicycles over other modes of transportation, such as tax incentives or subsidies.

For instance, in 2018, Chinese bike-sharing company Mobike was acquired by Meituan-Dianping, a Chinese online food delivery and local services platform. The acquisition allowed Meituan-Dianping to expand its offerings and provide customers with a more comprehensive range of services.

(Source:www.reuters.com/article/us-mobike-m-a-meituan-idUSKCN1HB0DU/)

Increasing Awareness of Health and Fitness and Technological Advancements to Propel Market Growth

Increased awareness of the health benefits of cycling, such as improved cardiovascular health, weight loss, and reduced stress, is driving demand for bicycles. More people are looking for ways to stay active and improve their overall health, and cycling is a convenient and enjoyable way to achieve those goals. Moreover, advancements in bicycle technology, such as e-bikes and other electric-powered bicycles, are driving innovation and growth in the market. E-bikes, in particular, are becoming increasingly popular as they provide an easier and more convenient cycling experience, making cycling accessible to a wider range of consumers.

For instance, in 2020, Specialized launched its Turbo Creo SL e-road bike, which is designed to provide a smooth and efficient ride on both paved and unpaved roads. The bike features a lightweight carbon frame, a powerful motor, and long-lasting battery, making it ideal for both commuting and recreational riding.

(Source:www.bikeradar.com/news/specialized-turbo-creo-sl/)

Increasing traffic congestion in urban areas is driving the demand for bicycles for short distance travelling

Market Dynamics of Bicycle

High Cost, Limited Infrastructure and Weather Conditions to Restrict Market Growth

The high cost of high-end bicycles and e-bikes makes them less accessible to some consumers, which can limit the market's growth potential, particularly in developing countries. In addition, limited infrastructure, such as bike lanes and secure bike parking, can discourage consumers from using bicycles, particularly in areas with high traffic or safety concerns. Weather conditions, such as rain, snow, and extreme heat, can also limit the usability of bicycles and discourage consumers from using them as a mode of transportation. Furthermore, concerns about safety, particularly among new or inexperienced cyclists, can limit the market's growth potential, as accidents involving bicycles and motor vehicles can discourage consumers from using bicycles as a mode of transportation.

Impact of COVID–19 on the Bicycle Market

The COVID-19 pandemic has had a significant impact on the bicycle market. With the pandemic limiting travel and public transportation, more people have turned to bicycles as a safe and sustainable mode of transportation, leading to an increase in bicycle sales, particularly in the entry-level and mid-range segments. However, the surge in demand has also led to a shortage of bicycles in many parts of the world, as manufacturers struggle to keep up with the sudden increase in demand. The e-bike market has seen significant growth during the pandemic, as consumers seek out alternati...

Global bicycle sales are projected to rise by 13.5 percent between 2023 and 2029. In 2023, the global market value of the bicycle industry was 61.7 billion U.S. dollars. The market is expected to continue to grow in the coming years and reach a value of 70 billion U.S. dollars in 2029.

The premium bicycle market is anticipated to be valued at USD 12,315.9 million in 2025. It is expected to grow at a CAGR of 7.3% during the forecast period and reach a value of USD 24,913.6 million in 2035.

Metric	Value
Estimated Market Size in 2025	USD 12,315.9 million
Projected Market Size in 2035	USD 24,913.6 million
CAGR (2025 to 2035)	7.3%

Country Wise Analysis

Country	CAGR (2025 to 2035)
USA	5.0%

Country	CAGR (2025 to 2035)
UK	4.6%

Region	CAGR (2025 to 2035)
European Union (EU)	4.7%

Country	CAGR (2025 to 2035)
Japan	4.8%

Country	CAGR (2025 to 2035)
South Korea	5.0%

Findings from a new market report estimates the value of the market to be around USD 6.9 Billion by 2035, growing at a compound annual growth rate (CAGR) of 8.4%. The rising adoption of e-bikes, integration of lightweight materials and smart connectivity features are set to drive the market growth further.

Key Market Metrics

Metric	Value
Market Size in 2025	USD 3.0 Billion
Projected Market Size in 2035	USD 6.9 Billion
CAGR (2025 to 2035)	8.4%

Region-wise Outlook Bicycle Market

Region	CAGR (2025 to 2035)
United States	8.6%

Region	CAGR (2025 to 2035)
United Kingdom	8.2%

Region	CAGR (2025 to 2035)
European Union	8.3%

Region	CAGR (2025 to 2035)
South Korea	8.5%

In 2023, electric bicycles accounted for nearly five percent of the total United States' bicycle market. This was a significant increase compared to 2015, when the market share still stood at 0.06 percent. Electric bikes made up more than one percent of the market for the first time in 2020.

In 2024, the U.S. bicycle market decreased by -6.7% to $1.8B, falling for the third year in a row after two years of growth. In general, consumption, however, saw a noticeable contraction. As a result, consumption reached the peak level of $2.8B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

The USA bicycles market is valued at USD 8.2 billion, based on a five-year historical analysis. The market is driven by several key factors, including a growing interest in cycling for health and fitness, increased adoption of electric bikes (e-bikes), and government incentives for eco-friendly transport solutions.

The United States e-bike market size reached USD 1,040.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,512.6 Million by 2033, exhibiting a growth rate (CAGR) of 9.78% during 2025-2033. Shifting consumer preferences from gasoline-powered cars to zero-emission vehicles, the increasing government support to promote e-bike adoption, and the rising cost of fuel incentives with lower operating costs are among the key factors driving the market growth.

The United States bicycle market size was valued at USD 8.5 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 12.03 Million by 2033, exhibiting a CAGR of 3.75% from 2025-2033. The market in the region is driven by increasing health consciousness, environmental concerns, rapid urbanization, rising traffic congestion, and a growing preference for sustainable transportation.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 8.5 Million
Market Forecast in 2033	USD 12.03 Million
Market Growth Rate 2025-2033	3.75%

IMARC Group provides an analysis of the key trends in each segment of the United States bicycle market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on type, technology, price, distribution channel, and end user.

The United States E-bike Market is segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking) and by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others). Market Volume in Units and Market Value in USD is presented. Key data points observed include the number of e-bike sold by propulsion, application type for each propulsion type; and, battery type for each propulsion type.

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Bicycle Market Size 2025-2029

The bicycle market size is forecast to increase by USD 29.08 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends and factors. The increasing number of bicycle sports events worldwide is fueling the demand for high-performance bicycles, particularly in regions with a strong cycling culture. Additionally, the rise of bicycle rental services, particularly in urban areas, is making cycling more accessible and convenient for consumers, leading to increased market penetration. However, the market also faces challenges, such as an increasing number of product recalls due to safety concerns, which can negatively impact consumer trust and market growth. Companies seeking to capitalize on market opportunities should focus on enhancing product safety and quality, while also exploring partnerships with sports events and rental services to expand their customer base. Effective supply chain management and strategic pricing will also be crucial in navigating market challenges and maintaining competitiveness. Overall, the market presents significant growth potential for companies that can effectively address consumer needs and respond to market trends.

What will be the Size of the Bicycle Market during the forecast period?

Request Free SampleThe market encompasses various segments, including mountain bikes, road bikes, hybrid bikes, BMX racing, and adventure sports. This industry experiences significant growth due to increasing consumer preference for eco-friendly personal transportation options. Mountain bikes and road bikes cater to enthusiasts seeking high-performance cycling experiences, while hybrid bikes offer versatility for everyday commuting. Electric cycles, also known as e-bikes, have gained popularity due to their ability to help riders overcome hilly terrain and longer commutes. The rise of electric vehicles and concerns over carbon emissions have contributed to the increasing demand for bicycles as a sustainable alternative to fossil fuel-powered cars. Governments and municipalities worldwide invest in bicycle-friendly infrastructure, such as dedicated lanes and bike paths, further encouraging cycling as a viable transportation option. Technological advancements, including GPS technology and mobile app development, enhance the cycling experience and cater to consumers' lifestyle needs. Lightweight materials and cargo bikes expand the market's reach, offering practical solutions for personal transportation and errands. The bicycle industry continues to evolve, with dockless bicycle-sharing systems and bicycle-sharing companies revolutionizing urban mobility. Overall, the market exhibits growth, driven by consumer demand for eco-friendly, cost-effective, and convenient transportation solutions.

How is this Bicycle Industry segmented?

The bicycle industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductOn-road and trackOff-roadX-road and hybridEnd-userAdultsChildrenDistribution ChannelOfflineOnlinePropulsionManual bicyclesMotor-assisted bicyclesTechnologyElectricConventionalGeographyAPACChinaIndiaJapanEuropeFranceGermanyThe NetherlandsUKNorth AmericaUSCanadaMexicoSouth AmericaMiddle East and Africa

By Product Insights

The on-road and track segment is estimated to witness significant growth during the forecast period.The market encompasses various on-road categories, including road bicycles and mountain bikes. Road bicycles, designed for paved roads, feature lightweight frames and thin tires to optimize efficiency and speed. Their geometry and dropped handlebars enable an aerodynamic riding position, making them suitable for experienced cyclists and city touring. Conversely, mountain bikes are engineered for off-road terrain with sturdy frames and wider tires. Additionally, the market includes electric cycles, which provide eco-friendly personal transportation solutions in metropolitan areas plagued by traffic congestion and high fuel prices. These electric bicycles, or e-bikes, incorporate lightweight lithium-ion batteries and pedal assist to reduce carbon emissions, aligning with the trend toward sustainable mobility. Furthermore, the market caters to diverse consumer lifestyles with hybrid models, cargo bikes, and conventional bicycles. Adventure sports enthusiasts can explore nature on mountain bikes, while fitness cycling and urban commuting are popular uses for commuter bikes. Cycling infrastructure, such as bike-sharing services and GPS technology integrated with mobile apps, has made cycling more accessible and convenient. In , the market offers a range of on-road and off-road bicycles, including road bicycles, mountain bikes, electric bicycles, and

This statistic represents the segmentation of the U.S. bicycle market in 2015, by channel of trade. In that year, mass merchants accounted for approximately 74 percent of the entire retail bicycle market.

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Sports Bicycle Market Size 2024-2028

The sports bicycle market size is forecast to increase by USD 7.20 billion, at a CAGR of 7.44% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, the increasing fuel prices have led to a surge in demand for more cost-effective and eco-friendly transportation options, making bicycles an attractive alternative for both short commutes and recreational activities. Secondly, the popularity of bicycle rental programs has made cycling more accessible to a wider audience, enabling more people to experience the benefits of this mode of transportation. Thirdly, the premiumization of bicycles, with an increasing focus on high-performance features and advanced technology, has attracted a growing number of consumers willing to invest in high-quality bicycles for both personal use and competitive cycling events. Mountain bicycles, in particular, have gained traction as enthusiasts seek durable and versatile bikes capable of handling rugged terrains and diverse outdoor conditions. The growing interest in outdoor adventure and off-road cycling has bolstered demand for mountain bikes equipped with advanced suspension systems, durable frames, and enhanced grip features. These trends are expected to continue fueling the growth of the market.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

The market is booming as health and fitness awareness drives demand for eco friendly transportation options. Modern bicycles are celebrated for their health benefits & stress reduction, making them a popular choice for urban commuting and recreational activities. Cities like the Italian city of Pesaro and regions such as Ecuador are enhancing their transport infrastructure to support cycling as a sustainable mode of transport. In Ireland, initiatives are being implemented to improve transport infrastructure and promote cycling. The allure of cycling extends to adventurous routes like the Inca Trail in Peru, where enthusiasts can experience both breathtaking landscapes and physical challenges. Additionally, the focus on modern bicycle aligns with a growing preference for eco-friendly transportation, physical exercise, and the benefits of an active lifestyle. The recent emphasis on vaccines has further highlighted the importance of maintaining overall health, which complements the rising trend in cycling. As more regions adopt cycling-friendly policies and as health awareness grows, the market continues to expand globally.

Key Market Driver

The increasing fuel prices are driving growth in the sports bicycle market. In recent years, there has been a significant increase in fuel prices and they are still fluctuating. With an increase in the price of fuel, the demand for sports bicycles has increased. Sports bicycles are equipped with gear that helps manage the speed better, making it easier to ride on mountain trails, overpasses, and rough roads.

However, most Europeans now use bicycles as their mode of commute to work, particularly with city governments constructing bike-friendly streets. Such factors are expected to contribute to the growth of the global market during the forecast period.

Significant Market Trends

The market is experiencing significant growth due to the development and integration of innovative technologies. Notably, GPS tracking devices are being incorporated into bicycles, offering advanced features for riders. This trend is not limited to adult bicycles; children's bicycles are also benefiting from technological advancements. For instance, some manufacturers are introducing smart bicycles for kids, equipped with GPS tracking and parental control features.

Moreover, addressing the issue of inadequate traction while riding sports bicycles, SCOTT Sports SA introduced a twin-lock suspension system in June 2021. This system connects the shock, fork, and frame to provide traction control and lock off from tire motion. This technological innovation is expected to fuel the market's growth in the forecast period. Additionally, other companies are focusing on enhancing the durability and safety of children's bicycles through the use of lightweight materials and advanced braking systems. These advancements are poised to expand the children's bicycle market and cater to the evolving needs of families.

Major Market Challenge

The hike in import duties is a major challenge in a sports bicycle market. It is likely that the increased import duties on bicycles in India have a negative impact on the global sports bicycle market, as it has led to price increases for this type of bicycle., which will be passed on to the customers. Consumers of high-end sports bicycles must pay an even higher price than the consumers of other bicycles.

Moreover, a few of the parts used in bicycles that are meant f

Global bicycle market is set to reach US$ 102.5 Bn by 2032 at a 6.2% CAGR, driven by smart cities, fitness trends, cargo bikes, and sustainable innovations.

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Children's Bicycle Market Size 2025-2029

The children's bicycle market size is forecast to increase by USD 7.8 billion at a CAGR of 6.8% between 2024 and 2029.

The market is witnessing significant growth due to the increasing focus on health and wellness among parents. This trend is driving the demand for high-quality bicycles made from materials such as steel and aluminum. Additionally, the integration of technology in bicycles, including rubber tires, bicycle lights, and digital labels, is also gaining popularity. Supplier chain management and mergers and acquisitions are key growth factors in this market. However, the inflated cost of inputs and research and development expenditure pose challenges for manufacturers. To request a free sample or get in touch for more information, please visit our website. Our market trends and analysis report provides a comprehensive overview of the market, including the latest industry developments and future growth prospects. Key areas of focus include the use of aluminum frames, advancements in battery-powered bicycle lights, and the influence of social media influencers on consumer preferences.

What will be the Size of the Children's Bicycle Market During the Forecast Period?

Get a glance at the market report of share of various segments Request Free Sample

The Offline segment was valued at USD 12.88 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 52% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, children's bicycle market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Accell Group NV - The company offers children's bicycles such as Haibike, Winora, and Ghost.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

Accell Group NV
ByK Bikes USA
Colnago Ernesto and C. S.r.l
Cycling Sports Group Inc.
Fuji Bikes
Giant Manufacturing Co. Ltd.
Guardian Bikes
Haro Bikes
Hero Motors Co.
Islabikes
Kona Bicycle Co.
Malvern Star
Merida Industry Co. Ltd.
Prevelo Bikes
Santa Cruz Bicycles LLC
SCOTT Sports SA
Specialized Bicycle Components Inc.
Trek Bicycle Corp.
Woom

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is driven by the growing awareness of the importance of physical activity and outdoor play in promoting healthy lifestyles among the younger generation. With childhood obesity and sedentary lifestyles becoming major health concerns worldwide, parents are increasingly turning to bicycles as a solution to encourage their children to lead more active lives. Parental attitudes towards fitness and health are shaping the market dynamics of the children's bicycle industry. Parents are looking for bicycles that offer a balance between fun and functionality, with features that promote coordination, cardiovascular fitness, and safety. Innovative technologies such as pedal-assist and throttle-controlled motors are gaining popularity, as they make cycling more accessible to children of various fitness levels.

Moreover, seasonal fluctuations and cyclical demand patterns play a significant role in the market. Warmer months and holiday seasons are peak periods for sales, as children are more likely to be outside and engaged in recreational activities. Inventory levels and production schedules are carefully managed to meet the increased demand during these periods. Consumer preferences for children's bicycles are influenced by various factors, including price sensitivity, environmental consciousness, and safety concerns. E-bicycles with battery-operated components are gaining traction in the market, offering a more convenient and eco-friendly alternative to traditional bicycles. Specialty stores and online retailers cater to different consumer segments, with the latter offering a wider range of options and customization features.

Furthermore, safety is a top priority for parents when it comes to children's bicycles. Braking systems, materials, and visibility enhancements are critical features that influence purchasing decisions. Protective gear

This time series represents the current and projected global bicycle market size in 2016 and 2024. In those eight years, the global bicycle market is projected to grow by approximately 17 billion U.S. dollars.

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