Global Bicycle Market Overview, 2022-2027
Global Bicycle Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.
- Bonafide Research
- 16-08-2022
- Pages : 115
- Figures : 8
- Tables : 88
- Region : Global
- Category : Consumer Goods & Services
- Appliances & Equipment
Featured Companies
- 1. ATLAS CYCLES (HARYANA) LIMITED
- 2. Hero Cycles Limited
- 3. Abici Bikes
- 4. A-Bike
- 5. Accell Group
- 6. Bridgestone
- 7. Caloi
- 8. Camplagnolo
- 9. Cannondale
- More...
Global Bicycle Market Overview, 2022-2027, published by Bonafide Research, is segmented by Type (Road Bicycle, Mountain Bicycle, Hybrid Bicycle, E-Bicycle , and Others); by Demographic (Men, Women, and Kids), and by Geographic Region. The market stood at around USD 63 billion in 2021, which is anticipated to reach USD 88 billion by 2027. Further, the market is estimated to grow at a more than 5% CAGR for the 2022–2027 period. Drivers of the bicycle market are buyers shifting preference toward cycling as a sport, leisure, and cardio activity. The Middle East & Africa region which is expected to have the highest share contribution by the hybrid bicycles during the upcoming timeframe. Asia-Pacific is the largest and also the fastest-growing region in the global bicycle market. China, Japan, Australia, India, and South Korea are some of the top contributing countries in the region. Moreover, these countries have started hosting numerous cycling tournaments, which, in turn, will increase the popularity and demand for sports bicycles. In addition, there’s a rise in women’s participation rate and government initiatives that are likely to boost the demand for bicycles in the region. Owing to such increased demand, bicycle companies in the market are launching innovative bicycles and accessories, which will lead to significant market growth during the forecast period. While the mountain bikes dominate the market by value, the road bikes dominate by volume. Even though the mountain bikes have a considerable fan globally, the price of the segment is higher than the road bikes, and the demand is limited to the professional and adventure riders.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleMen have historically outnumbered women in the use of bicycles for commutation. The men cycle category held to nearly half of the market in 2021. 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. Up until recently, the independent dealer was heavily relied upon and nearly the sole source of distribution. However, things have changed, and it starts with looking at modern consumer behavior, as online shoppers are increasingly becoming more comfortable buying bicycles over the internet. Many manufacturers are taking advantage of this trend by finding alternative sales channels and innovative delivery models to have closer relationships with the end consumer. With the likes of Trek, Giant, and Specialized even seeking to open up specialized stores and online modes to allow direct buying, the segment is anticipated to witness prominent market growth by 2027. However the retail shop segment holds the dominance in the market. The leading manufacturers such as Accell Group, Trek Bicycle Corporation, Dorel Industries Inc., and Giant Manufacturing Co. Ltd., in the market, are focusing on leveraging opportunities posed by the emerging markets like Thailand and India, and also to expand their revenue base all over the global market. Companies are using digital and social media advertisements to make consumers aware of the new product launches in the market.
Major companies present in the market Abici, A- Bike, Accell Group, Amer Sports, Atlas Cycles (Haryana) Ltd, Bridgestone Cycle, Caloi, Campagnolo, Cannondale, Cervelo Cycles, Cube Cycles, Curtlo Cycles, Derby Cycle, Dorel Industries Inc., Tianjin Fuji-ta Bicycle Co.,Ltd., Giant Bicycles, Hero Cycles Limited, Merida Bikes International, My Boo, Orbea Corporation, Scott Sports, Specialized Bicycle Components, Inc., STRiDA Cycles, XDS Shenzhen Xidesheng Bicycles Co., Ltd Considered in this report • Geography: Global • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Global Bicycle market with its value and forecast along with its segments • Region & Country-wise toy market analysis • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation
Regions & Countries covered in the report • North America (USA, Canada, Mexico) • Europe (UK, France, Italy, Germany, Spain) • Asia-Pacific (Japan, Australia, China, India) • Latin America (Brazil, Argentina, Colombia) • Middle-East & Africa (UAE, Saudi Arabia, Qatar, South Africa) Segment covered in the report By Type •Road Bikes • Mountain Bikes • Hybrid Bikes • E-bikes • Others (Kids, standard, maas) By End User •Men •Women •Kids By Bikers Type •Highly Engaged •Engaged •Leisure •Travel By Sales Channel •Retail Shops (Specialized, Sport) •Multi-brand •Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Companies Mentioned
- ATLAS CYCLES (HARYANA) LIMITED
- Hero Cycles Limited
- Abici Bikes
- A-Bike
- Accell Group
- Bridgestone
- Caloi
- Camplagnolo
- Cannondale
- Cervélo Cycles
- Cube Cycles
- Curtlo
- Derby Cycle
- Dorel Industries Inc.
- Fuji-ta
- Giant Bicycles
- Merida Bikes International
- Orbea
- Scott Sports
- Specialized Bicycle Components, Inc
- STRiDA
- XDS Shenzhen Xidesheng Bicycles Co
- My Boo Cycles
- Amer Sports
Table of Contents
- Table of Content
- 1. Executive Summary
- 2. Report Methodology
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Market Definition
- 4. Economic /Demographic Snapshot
- 5. Global Bicycle Market Outlook
- 5.1. Market Size
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share
- 5.2.1. By Region
- 5.2.2. By Country
- 5.2.3. By Company
- 5.2.4. By Bicycle Type
- 5.2.5. By End User
- 5.2.6. By Sales Channel
- 5.2.7. By Bikers Type
- 5.3. Global Road Bicycle Market Outlook
- 5.3.1. Market Size By Value
- 5.3.2. Market Size By Volume
- 5.4. Global Mountain Bicycle Market Outlook
- 5.4.1. Market Size By Value
- 5.4.2. Market Size By Volume
- 5.5. Global Hybrid Bicycle Outlook
- 5.5.1. Market Size By Value
- 5.5.2. Market Size By Volume
- 5.6. Global Electric Bicycle Outlook
- 5.6.1. Market Size By Value
- 5.6.2. Market Size By Volume
- 5.7. Global Other Bicycle Outlook
- 5.7.1. Market Size By Value
- 5.7.2. Market Size By Volume
- 6. North America Bicycle Market Outlook
- 6.1. Market Size
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share
- 6.2.1. By Country
- 6.2.2. By Bicycle Type
- 6.2.3. By End User
- 6.2.4. By Bikers Type
- 7. Europe Bicycle Market Outlook
- 7.1. Market Size
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share
- 7.2.1. By Country
- 7.2.2. By Bicycle Type
- 7.2.3. By End User
- 7.2.4. By Bikers Type
- 8. Asia-Pacific Bicycle Market Outlook
- 8.1. Market Size
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share
- 8.2.1. By Country
- 8.2.2. By Bicycle Type
- 8.2.3. By End User
- 8.2.4. By Bikers Type
- 9. Latin America Bicycle Market Outlook
- 9.1. Market Size
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share
- 9.2.1. By Country
- 9.2.2. By Bicycle Type
- 9.2.3. By End User
- 9.2.4. By Bikers Type
- 10. Middle East & Africa Bicycle Market Outlook
- 10.1. Market Size
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share
- 10.2.1. By Country
- 10.2.2. By Bicycle Type
- 10.2.3. By End User
- 10.2.4. By Bikers Type
- 11. Market Dynamics
- 11.1. Market Drivers
- 11.2. Market Challenges
- 12. Market Trends and Developments
- 12.1. XXXXXXXXXXXXXXX
- 12.2. XXXXXXXXXXXXXXX
- 12.3. XXXXXXXXXXXXXXX
- 12.4. XXXXXXXXXXXXXXX
- 13. Competitive Landscape
- 13.1. Porter's Five Forces
- 13.2. Company Profiles
- 13.2.1. Abici
- 13.2.2. A- Bike
- 13.2.3. Accell Group
- 13.2.4. Amer Sports
- 13.2.5. Atlas Cycles (Haryana) Ltd
- 13.2.6. Bridgestone Cycle
- 13.2.7. Caloi
- 13.2.8. Campagnolo
- 13.2.9. Cannondale
- 13.2.10. Cervelo Cycles
- 13.2.11. Cube Cycles
- 13.2.12. Curtlo Cycles
- 13.2.13. Derby Cycle
- 13.2.14. Dorel Industries Inc.
- 13.2.15. Tianjin Fuji-ta Bicycle Co.,Ltd.
- 13.2.16. Giant Bicycles
- 13.2.17. Hero Cycles Limited
- 13.2.18. Merida Bikes International
- 13.2.19. My Boo
- 13.2.20. Orbea Corporation
- 13.2.21. Scott Sports
- 13.2.22. Specialized Bicycle Components, Inc.
- 13.2.23. STRiDA Cycles
- 13.2.24. XDS Shenzhen Xidesheng Bicycles Co., Ltd.
- 14. Strategic Recommendations
- 15. Disclaimer
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Bicycle Market Share – By Region By Value 2021 & 2027F
Table 5: Global Bicycle Market Share – By Region By Volume 2021 & 2027F
Table 6: Global Bicycle Market Share – By Country By Value 2021 & 2027F
Table 7: Global Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 8: Global Bicycle Market Share By Company (2021)
Table 9: Global Bicycle Market Share – By Type By Value 2021 & 2027F
Table 10: Global Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 11: Global Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 12: Global Bicycle Market Share– By End User By Value 2021 & 2027F
Table 13: Global Bicycle Market Share– By Sales Channel By Value 2021 & 2027F
Table 14: Global Bicycle Market Share– By Sales Channel By Volume 2021 & 2027F
Table 15: Global Road Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 16: Global Road Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 17: Global Mountain Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 18: Global Mountain Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 19: Global Hybrid Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 20: Global Hybrid Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 21: Global Electric Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 22: Global Electric Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 23: Global Other Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 24: Global Other Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 25: North America Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 26: North America Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 27: North America Bicycle Market Share – By Country By Value 2021 & 2027F
Table 28: North America Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 29: North America Bicycle Market Share – By Type By Value 2021 & 2027F
Table 30: North America Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 31: North America Bicycle Market Share– By End User By Value 2021 & 2027F
Table 32: North America Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 33: Europe Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 34: Europe Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 35: Europe Bicycle Market Share – By Country By Value 2021 & 2027F
Table 36: Europe Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 37: Europe Bicycle Market Share – By Type By Value 2021 & 2027F
Table 38: Europe Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 39: Europe Bicycle Market Share– By End User By Value 2021 & 2027F
Table 40: Europe Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 41: Asia-Pacific Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 42: Asia-Pacific Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 43: Asia-Pacific Bicycle Market Share – By Country By Value 2021 & 2027F
Table 44: Asia-Pacific Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 45: Asia-Pacific Bicycle Market Share – By Type By Value 2021 & 2027F
Table 46: Asia-Pacific Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 47: Asia-Pacific Bicycle Market Share– By End User By Value 2021 & 2027F
Table 48: Asia-Pacific Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 49: Latin America Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 50: Latin America Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 51: Latin America Bicycle Market Share – By Country By Value 2021 & 2027F
Table 52: Latin America Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 53: Latin America Bicycle Market Share – By Type By Value 2021 & 2027F
Table 54: Latin America Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 55: Latin America Bicycle Market Share– By End User By Value 2021 & 2027F
Table 56: Latin America Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 57: Middle East & Africa Bicycle Market Size By Value (2016 to 2027F) (In USD Billion)
Table 58: Middle East & Africa Bicycle Market Size By Volume (2016 to 2027F) (In USD Million)
Table 59: Middle East & Africa Bicycle Market Share – By Country By Value 2021 & 2027F
Table 60: Middle East & Africa Bicycle Market Share – By Country By Volume 2021 & 2027F
Table 61: Middle East & Africa Bicycle Market Share – By Type By Value 2021 & 2027F
Table 62: Middle East & Africa Bicycle Market Share – By Type By Volume 2021 & 2027F
Table 63: Middle East & Africa Bicycle Market Share– By End User By Value 2021 & 2027F
Table 64: Middle East & Africa Bicycle Market Share– By End User By Volume 2021 & 2027F
Table 65: Key Facts of Abici
Table 66: Key Facts of A- Bike
Table 67: Key Facts of Accell Group
Table 68: Key Facts of Amer Sports
Table 69: Key Facts of Atlas Cycles (Haryana) Ltd
Table 70: Key Facts of Bridgestone Cycle
Table 71: Key Facts of Caloi
Table 72: Key Facts of Campagnolo
Table 73: Key Facts of Cannondale
Table 74: Key Facts of Cervelo Cycles
Table 75: Key Facts of Cube Cycles
Table 76: Key Facts of Curtlo Cycles
Table 77: Key Facts of Derby Cycle
Table 78: Key Facts of Dorel Industries Inc.
Table 79: Key Facts of Tianjin Fuji-ta Bicycle Co.,Ltd.
Table 80: Key Facts of Giant Bicycles
Table 81: Key Facts of Hero Cycles Limited
Table 82: Key Facts of Merida Bikes International
Table 83: Key Facts of My Boo
Table 84: Key Facts of Orbea Corporation
Table 85: Key Facts of Scott Sports
Table 86: Key Facts of Specialized Bicycle Components, Inc.
Table 87: Key Facts of STRiDA Cycles
Table 88: Key Facts of XDS Shenzhen Xidesheng Bicycles Co., Ltd.
Figure 1 : Global Bicycle Market Size – By Value 2016 to 2027F (USD Billion)
Figure 2 : Global Bicycle Market Size – By Volume 2016 to 2027F (USD Million)
Figure 3: Global Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 4: North America Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 5: Europe Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 6: Asia-Pacific Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 7: Latin America Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
Figure 8: Middle East & Africa Bicycle Market Share By Bikers Type (2016, 2021 & 2027F)
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