In 2022, 27 percent of the bike sharing market in the United Kingdom (U.K.) was held by the Estonian mobility company Bolt. Bolt, Lime and Voi, the top three brands in the bike sharing market alone, account for 60 percent bike sharing market in the UK.

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%

The United Kingdom 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.

The Cycling Industry in Europe is segmented by Type (Road Bicycles, Hybrid Bicycles, All Terrain Bicycles, E-bicycles, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (Spain, United Kingdom, Germany, France, Italy, Netherlands, and Rest of Europe). The report offers the market size in value terms in USD for all the abovementioned segments.

The sales value of new bicycles in the United Kingdom has been falling since its peak in 2021. Demand for bikes peaked during the COVID-19 pandemic but began losing momentum from 2022. While sales are expected to continue falling into 2026, the market is expected to stabilize after that point.

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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

In 2024, the UK motorcycle and bicycle market decreased by -7.1% to $1.1B, falling for the second consecutive year after four years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $1.4B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The Bicycles eCommerce market in the UK is predicted to reach US$1,065.1m revenue by 2025, reflecting an estimated growth rate of 3% compared to 2024.

Explore the rising demand for motorcycles and bicycles in the UK, leading to an upward consumption trend projected over the next decade. Anticipated growth in market volume and value highlighted with forecasted CAGR figures.

In 2024, more than one in ten new bicycles sold in the United Kingdom were expected to be electric bikes. As of 2015, this figure had stood at fewer than one in one hundred bikes. By 2029, more than every fifth bike sold is expected to be an e-bike.

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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

In 2022, the number of bike-share users in the United Kingdom amounted to nearly 1.6 million. According to Statista Market Insights, the number of users is projected to increase by about 21 percent in 2027.

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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

In 2024, the UK bicycle market decreased by -71.5% to $90M, falling for the third year in a row after two years of growth. Overall, consumption recorded a deep setback. Over the period under review, the market reached the maximum level at $565M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

The sales revenue from new bikes increased from 348 million British pounds in 2000 to over one billion British pounds in 2017, before dropping to 940 million in 2019. Compared to 2018 figures. Sales revenue rebounded to over 1.2 billion pounds during the COVID-19 pandemic but dropped back down to under 1.1 billion pounds in 2022.

According to Cognitive Market Research, the global Folding electric bicycle market size will be USD 166.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 66.72 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 50.04 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 38.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 8.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
The offline channel held the highest folding electric bicycle market revenue share in 2024.

Key driver for the Folding Electric Bicycle Market

Enforcing Government Regulations to Promote the Use of Bicycles to Increase the Demand Globally

Around the world, governments are acting to reduce the congestion that comes from moving cars. Additionally, they are trending more in the direction of using renewable energy for transportation. The folding bike market has benefited from this feature worldwide. The global market for bicycles has also grown as a result of the introduction of numerous folding bike concepts by manufacturers like Brompton Bicycle Ltd., Raleigh UK Ltd., Montague Corporation, Pacific Cycles, Vilano Bikes, and Giant Bicycles.

Furthermore, Raleigh UK Ltd. is well-positioned to offer their product customer the added insurance value that comes with having access to electric bikes. An increase has also aided the development of bicycle infrastructure in government-sponsored projects, which has expanded the market for folding bikes. In order to promote and facilitate the construction of bicycle infrastructure across the country, the Indian government launched the "National Public Bicycle Scheme." Government policies and programs will be put into place throughout the forecast period, which will support the growth of the foldable bike market globally.

Customer Attitude Towards e-Bikes as an Eco-Friendly and Effective Solution to Propel Market Growth

The constant increase in the amount of carbon dioxide released into the atmosphere as a result of fuel combustion has been a major concern for governments and environmentalists from the beginning of the last few decades. The market for folding bicycles is growing as a result of the increased demand for electric cars on a global scale.

To aid in the development of the infrastructure, manufacturers have also produced folding bikes with electric motors. Some of the most well-known brands of electric-propelled folding bikes available today include Greg LeMond, Canyon, Blix Packa Electric Cargo Bike, and Tern's New GSD. Customers from all over the world have indicated a desire for these bikes.

Furthermore, the main advantage of electric folding bikes is that their electric system is built right into the frame, saving space that would otherwise be required for a separate area reserved for this purpose. Therefore, over time, the infrastructure of foldable bikes will be supported by consumers' preference for using electric bicycles as an efficient and environmentally beneficial form of transportation.

Restraints of the Folding Electric Bicycle Market

High Price of Folding Electric Bicycles to Limit the Sales

The price of an electric bicycle is one of the primary factors holding back the rapid growth of the folding bicycle business. The cost of the battery and the technology now in use make electric folding bikes more expensive than regular bicycles. The reason for this is that conventional bicycles are not foldable. Because traditional bicycles are more versatile than electric folding bikes, this has led to consumer preference for the former.

Traditional folding bicycles are also gaining popularity around the world due to their many advantages, which include being more affordable and b...

The UK electric bicycle industry is anticipated to grow steadily, with a CAGR of 5.00% from 2025 to 2033. The market was valued at XX million in 2025 and is projected to reach XX million by 2033. The growth can be attributed to increasing environmental awareness, government initiatives promoting clean transportation, and the rising demand for cost-effective and convenient mobility solutions. Key market drivers include the growing adoption of electric bicycles for commuting, leisure activities, and cargo transportation. Furthermore, technological advancements, such as lightweight materials, long-lasting batteries, and efficient motors, are improving the performance and functionality of electric bicycles, making them more attractive to consumers. The industry is also characterized by a competitive landscape with established players and emerging startups focusing on innovation and product differentiation. Recent developments include: December 2022: Volt Bikes and City AM collaborate for the Launch of an ESG-Focused Project. Impact AM is a brand-new division of City AM that specializes in environmental, social, and governance issues.November 2022: The Tandem Group opens eMobility sales and demo showroom, the Launched under the Electric Life banner the space will be found in Birmingham, located off the M6 in Castle Vale.November 2022: The Stormguard E+, a full-suspension e-bike, is unveiled by Giant. The bicycles will be available for purchase in Europe in 2023 and will cost 7,999 Euros for the E+1 and 6,499 Euros for the E+2.. Key drivers for this market are: The Growth of The Global Automotive Turbocharger Market. Potential restraints include: Increasing Complexity of Modern Vehicles. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The anticipated size of the bicycle components aftermarket in 2022 was US$ 14 billion and is estimated to be US$ 14.62 billion in 2023.

Attributes	Details
Projected Forecast Value (2022)	US$ 14 billion
Projected Forecast Value (2023)	US$ 14.62 billion
Projected Forecast Value (2033)	US$ 28.3 billion
Growth rate	6.9% CAGR
Forecast period	2023 to 2033

Bicycle Components Aftermarket Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6.9% from 2023 to 2033
Market value in 2023	US$ 14.62 billion
Market value in 2033	US$ 28.3 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	US$ billion for Value and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	By Component Type By Sales Channel By Bicycle Type By Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel Rest of The Middle East and Africa
Key Companies Profiled	Dorel Industries Inc Accell Group N.V. Shimano Inc. SRAM LLC Hero Cycles Limited Campagnolo S.R.L. Merida Industry Co. Ltd. Specialized Bicycle Components Rohloff AG Giant Manufacturing Co. Ltd. Avon Cycles Ltd.
Customisation Scope	Available on Request

The number of bicycles sold in Great Britain reached over two million in 2022. Sales had been decreasing between 2014 and 2018, dropping to 2.2 million that year. From 2018 sales began rising again, peaking at 3.3 million in 2021.

The end of the pandemic bike boom? As in many countries across Europe, the United Kingdom experienced an increased demand for bicycles during the COVID-19 pandemic, leading to the spike in demand for new bicycles in 2021. As the pandemic waned in 2022, bicycle traffic also began decreasing across the country. This decrease was, however, not nearly as strong as the decrease in bicycle sales. Next to changes in exercise and travel behavior in 2022, supply chain issues, which could lead to months-long waits for the delivery of bicycles, also impacted sales. Bike-sharing increasingly popular Bike sharing schemes have been spreading to cities across the UK in recent years, no longer making ownership of a bike a prerequisite to cycling. Relative to its population size, London has one of the largest shared bike fleets in the country, which is dominated by station-based bicycles. Manchester, however, has a particularly large free-floating shared bike fleet, with 35 bikes per 10,000 inhabitants. By 2027, the revenue from the bike sharing sector in the UK is expected to reach 78 million euros, a 50 percent increase compared to 2022.

The Europe E-bike Market is segmented by Propulsion Type (Pedal Assisted, Speed Pedelec, Throttle Assisted), by Application Type (Cargo/Utility, City/Urban, Trekking), by Battery Type (Lead Acid Battery, Lithium-ion Battery, Others) and by Country (Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Poland, Spain, Switzerland, UK, Rest-of-Europe). 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.