Bicycle market size to grow by USD 22,693.71 million: Leisure products industry is the parent market - Technavio

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- The global bicycle market has been categorized as a part of the global leisure products market. The parent market, the leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Growth of the global leisure products market will be driven by factors such as growing memberships in health and fitness clubs, increasing awareness about the benefits of a healthy lifestyle, rising number of dual-income households, and strong growth in online sales.

The bicycle market size is forecasted to grow by USD 22,693.71 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.32% during the forecast period, according to Technavio. Download a sample

Bicycle market 2023-2027: Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Buy the report

Bicycle market 2023-2027: Scope

The bicycle market report covers the following areas:

• Market size
• Key trends
• Competitive analysis

Bicycle market 2023-2027: Vendor landscape

The global bicycle market is moderately fragmented, with the presence of several international and regional players. Vendors are deploying various marketing strategies to increase their market share. International vendors have a competitive advantage owing to factors such as the large scale of operations, wide geographical network, brand name, and high investment capabilities. Moreover, established vendors are spending considerably on R*D for product design and aerodynamics. Hence, the competition among vendors in the global bicycle market is expected to be high during the forecast period.

Accell Group NV, BH BIKES EUROPE SL, Cicli Pinarello Srl, DAHON North America Inc., Kalkhoff Werke GmbH, Tube Investments of India Ltd., Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Samchully Co. Ltd., Santa Cruz Bicycles LLC, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, Trek Bicycle Corp., Yamaha Motor Co. Ltd., Brompton Bicycle Ltd., SB Bike, Fiido, VAAN, and Vassla AB are among some of the major market participants.

Bicycle market 2023-2027: Segmentation

• Product
• On-road and track bicycles
• Off-road bicycles
• X-road and hybrid bicycles

The on-road and track bicycle segment will account for the largest share of the market's growth during the forecast period. On-road bicycles have thin tires and lightweight frames to maximize efficiency and speed. This enables riders to cover long distances efficiently at high speeds. Hence, these bicycles are best suited for experienced cyclists. Track bicycles are optimized for racing on outdoor tracks or velodromes. They consist of a single-gear ratio and do not have brakes and freewheels. Different types of track bicycles are designed for different events, such as sprint, endurance, and time trial events. Such factors will drive the growth of this segment during the forecast period.

• End-user 
• Adults
• Children
• Distribution Channel
• Offline
• Online
• Propulsion 
• Manual bicycles
• Motor-assisted bicycles
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

APAC is estimated to account for 51% of the market's growth during the forecast period. The growth of the market in this region is attributed to factors such as the rising demand for bicycles, increasing health consciousness, growing environmental concerns to reduce CO₂ emissions, rapid urbanization, traffic congestion, and increasing use of personal transportation. The bicycle market in APAC is expected to grow at the fastest rate when compared to other regions.

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What are the key data covered in this bicycle market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the bicycle market between 2023 and 2027
• Precise estimation of the size of the bicycle market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the bicycle market across APAC, North America, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of bicycle market vendors

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Related reports:

High-end bicycle market by product, distribution channel, and geography - Forecast and analysis 2023-2027: The high-end bicycle market size is expected to increase by USD 4,786.35 million from 2022 to 2027. This report extensively covers market segmentation by product (hybrid bikes, mountain bikes, road bikes, track bikes, and other bikes), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). 

Sports bicycle market by product and geography - Forecast and analysis 2022-2026: The sports bicycle market size is expected to increase by USD 5.22 billion from 2021 to 2026. This report extensively covers market segmentation by product (mountain bicycles, cyclo-cross bicycles, road racing bicycles, and track bicycles) and geography (North America, Europe, APAC, Middle East and Africa, and South America).

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 08: Executive Summary – Chart on Market Segmentation by Propulsion
• Exhibit 09: Executive Summary – Chart on Incremental Growth
• Exhibit 10: Executive Summary – Data Table on Incremental Growth
• Exhibit 11: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 12: Parent market
• Exhibit 13: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 14: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 15: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 16: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 17: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 18: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 19: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global bicycle market 2017 - 2021 
• Exhibit 20: Historic Market Size – Data Table on Global bicycle market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 End-user Segment Analysis 2017 - 2021 
• Exhibit 23: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.5 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 24: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.6 Propulsion Segment Analysis 2017 - 2021 
• Exhibit 25: Historic Market Size – Propulsion Segment 2017 - 2021 ($ million)

• 4.7 Country Segment Analysis 2017 - 2021 
• Exhibit 26: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 27: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 28: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 29: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 30: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 31: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 32: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 33: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 34: Chart on Product - Market share 2022-2027 (%)
• Exhibit 35: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 36: Chart on Comparison by Product
• Exhibit 37: Data Table on Comparison by Product

• 6.3 On-road and track bicycles - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-road and track bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-road and track bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-road and track bicycles - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-road and track bicycles - Year-over-year growth 2022-2027 (%)

• 6.4 Off-road bicycles - Market size and forecast 2022-2027
• Exhibit 42: Chart on Off-road bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Off-road bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Off-road bicycles - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Off-road bicycles - Year-over-year growth 2022-2027 (%)

• 6.5 X-road and hybrid bicycles - Market size and forecast 2022-2027
• Exhibit 46: Chart on X-road and hybrid bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on X-road and hybrid bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on X-road and hybrid bicycles - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on X-road and hybrid bicycles - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 53: Chart on Comparison by End-user
• Exhibit 54: Data Table on Comparison by End-user

• 7.3 Adults - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Adults - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Adults - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Adults - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Adults - Year-over-year growth 2022-2027 (%)

• 7.4 Children - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Children - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Children - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Children - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Children - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Market Segmentation by Distribution Channel

• 8.1 Market segments 
• Exhibit 64: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 65: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 8.2 Comparison by Distribution Channel 
• Exhibit 66: Chart on Comparison by Distribution Channel
• Exhibit 67: Data Table on Comparison by Distribution Channel

• 8.3 Offline - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 8.4 Online - Market size and forecast 2022-2027 
• Exhibit 72: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 8.5 Market opportunity by Distribution Channel 
• Exhibit 76: Market opportunity by Distribution Channel ($ million)

9 Market Segmentation by Propulsion

• 9.1 Market segments 
• Exhibit 77: Chart on Propulsion - Market share 2022-2027 (%)
• Exhibit 78: Data Table on Propulsion - Market share 2022-2027 (%)

• 9.2 Comparison by Propulsion 
• Exhibit 79: Chart on Comparison by Propulsion
• Exhibit 80: Data Table on Comparison by Propulsion

• 9.3 Manual bicycles - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Manual bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Manual bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Manual bicycles - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Manual bicycles - Year-over-year growth 2022-2027 (%)

• 9.4 Motor-assisted bicycles - Market size and forecast 2022-2027
• Exhibit 85: Chart on Motor-assisted bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Motor-assisted bicycles - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Motor-assisted bicycles - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Motor-assisted bicycles - Year-over-year growth 2022-2027 (%)

• 9.5 Market opportunity by Propulsion 
• Exhibit 89: Market opportunity by Propulsion ($ million)

10 Customer Landscape

• 10.1 Customer landscape overview 
• Exhibit 90: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

• 11.1 Geographic segmentation 
• Exhibit 91: Chart on Market share by geography 2022-2027 (%)
• Exhibit 92: Data Table on Market share by geography 2022-2027 (%)

• 11.2 Geographic comparison 
• Exhibit 93: Chart on Geographic comparison
• Exhibit 94: Data Table on Geographic comparison

• 11.3 APAC - Market size and forecast 2022-2027 
• Exhibit 95: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 11.4 Europe - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 11.5 North America - Market size and forecast 2022-2027 
• Exhibit 103: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 11.6 South America - Market size and forecast 2022-2027 
• Exhibit 107: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 11.7 Middle East and Africa - Market size and forecast 2022-2027
• Exhibit 111: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 11.8 China - Market size and forecast 2022-2027 
• Exhibit 115: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on China - Year-over-year growth 2022-2027 (%)

• 11.9 US - Market size and forecast 2022-2027 
• Exhibit 119: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 120: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on US - Year-over-year growth 2022-2027 (%)

• 11.10 Japan - Market size and forecast 2022-2027 
• Exhibit 123: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 124: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 125: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 126: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 11.11 Germany - Market size and forecast 2022-2027 
• Exhibit 127: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 128: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 129: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 130: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 11.12 The Netherlands - Market size and forecast 2022-2027
• Exhibit 131: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 132: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 133: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 134: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 11.13 Market opportunity by geography 
• Exhibit 135: Market opportunity by geography ($ million)

12 Drivers, Challenges, and Trends

• 12.1 Market drivers

• 12.2 Market challenges

• 12.3 Impact of drivers and challenges 
• Exhibit 136: Impact of drivers and challenges in 2022 and 2027

• 12.4 Market trends

13 Vendor Landscape

• 13.1 Overview

• 13.2 Vendor landscape 
• Exhibit 137: Overview on Criticality of inputs and Factors of differentiation

• 13.3 Landscape disruption 
• Exhibit 138: Overview on factors of disruption

• 13.4 Industry risks 
• Exhibit 139: Impact of key risks on business

14 Vendor Analysis

• 14.1 Vendors covered 
• Exhibit 140: Vendors covered

• 14.2 Market positioning of vendors 
• Exhibit 141: Matrix on vendor position and classification

• 14.3 Accell Group NV 
• Exhibit 142: Accell Group NV - Overview
• Exhibit 143: Accell Group NV - Business segments
• Exhibit 144: Accell Group NV - Key offerings
• Exhibit 145: Accell Group NV - Segment focus

• 14.4 BH BIKES EUROPE SL 
• Exhibit 146: BH BIKES EUROPE SL - Overview
• Exhibit 147: BH BIKES EUROPE SL - Product / Service
• Exhibit 148: BH BIKES EUROPE SL - Key offerings

• 14.5 Cicli Pinarello Srl 
• Exhibit 149: Cicli Pinarello Srl - Overview
• Exhibit 150: Cicli Pinarello Srl - Product / Service
• Exhibit 151: Cicli Pinarello Srl - Key offerings

• 14.6 DAHON North America Inc. 
• Exhibit 152: DAHON North America Inc. - Overview
• Exhibit 153: DAHON North America Inc. - Product / Service
• Exhibit 154: DAHON North America Inc. - Key offerings

• 14.7 Giant Manufacturing Co. Ltd. 
• Exhibit 155: Giant Manufacturing Co. Ltd. - Overview
• Exhibit 156: Giant Manufacturing Co. Ltd. - Product / Service
• Exhibit 157: Giant Manufacturing Co. Ltd. - Key offerings

• 14.8 Greenwit Technologies Ltd. 
• Exhibit 158: Greenwit Technologies Ltd. - Overview
• Exhibit 159: Greenwit Technologies Ltd. - Product / Service
• Exhibit 160: Greenwit Technologies Ltd. - Key offerings

• 14.9 Hero Cycles Ltd. 
• Exhibit 161: Hero Cycles Ltd. - Overview
• Exhibit 162: Hero Cycles Ltd. - Product / Service
• Exhibit 163: Hero Cycles Ltd. - Key offerings

• 14.10 Kalkhoff Werke GmbH 
• Exhibit 164: Kalkhoff Werke GmbH - Overview
• Exhibit 165: Kalkhoff Werke GmbH - Product / Service
• Exhibit 166: Kalkhoff Werke GmbH - Key offerings

• 14.11 Klever Mobility Europe GmbH 
• Exhibit 167: Klever Mobility Europe GmbH - Overview
• Exhibit 168: Klever Mobility Europe GmbH - Product / Service
• Exhibit 169: Klever Mobility Europe GmbH - Key offerings

• 14.12 Kona Bicycle Co. 
• Exhibit 170: Kona Bicycle Co. - Overview
• Exhibit 171: Kona Bicycle Co. - Product / Service
• Exhibit 172: Kona Bicycle Co. - Key offerings

• 14.13 LOOK Cycle International 
• Exhibit 173: LOOK Cycle International - Overview
• Exhibit 174: LOOK Cycle International - Product / Service
• Exhibit 175: LOOK Cycle International - Key offerings

• 14.14 Marin Mountain Bikes Inc. 
• Exhibit 176: Marin Mountain Bikes Inc. - Overview
• Exhibit 177: Marin Mountain Bikes Inc. - Product / Service
• Exhibit 178: Marin Mountain Bikes Inc. - Key offerings

• 14.15 Merida Industry Co. Ltd. 
• Exhibit 179: Merida Industry Co. Ltd. - Overview
• Exhibit 180: Merida Industry Co. Ltd. - Business segments
• Exhibit 181: Merida Industry Co. Ltd. - Key offerings
• Exhibit 182: Merida Industry Co. Ltd. - Segment focus

• 14.16 Samchully Co. Ltd. 
• Exhibit 183: Samchully Co. Ltd. - Overview
• Exhibit 184: Samchully Co. Ltd. - Product / Service
• Exhibit 185: Samchully Co. Ltd. - Key offerings

• 14.17 Tube Investments of India Ltd. 
• Exhibit 186: Tube Investments of India Ltd. - Overview
• Exhibit 187: Tube Investments of India Ltd. - Business segments
• Exhibit 188: Tube Investments of India Ltd. - Key offerings
• Exhibit 189: Tube Investments of India Ltd. - Segment focus

15 Appendix

• 15.1 Scope of the report

• 15.2 Inclusions and exclusions checklist 
• Exhibit 190: Inclusions checklist
• Exhibit 191: Exclusions checklist

• 15.3 Currency conversion rates for US$ 
• Exhibit 192: Currency conversion rates for US$

• 15.4 Research methodology 
• Exhibit 193: Research methodology
• Exhibit 194: Validation techniques employed for market sizing
• Exhibit 195: Information sources

• 15.5 List of abbreviations 
• Exhibit 196: List of abbreviations

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Technavio Research
Jesse Maida
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SOURCE Technavio