Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat.
According to our (Global Info Research) latest study, the global Bicycle market size was valued at USD 33880 million in 2022 and is forecast to a readjusted size of USD 43510 million by 2029 with a CAGR of 3.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Bicycle key players include Giant Bicycles, Merida, Trek, Hero Cycles, TI Cycles, etc. Global top five manufacturers hold a share about 20%. Europe is the largest market, with a share about 40%, followed by North America, with a share about 30 percent. In terms of product, 20 Inch is the largest segment, with a share about 35%. And in terms of application, the largest application is Transportation Tools, followed by Recreation, Physical Training, Racing, etc.
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Market segment by Type
20 Inch
24 Inch
26 Inch
27 Inch
Others
Market segment by Application
Transportation Tools
Recreation
Racing
Physical Training
Others
Major players covered
Giant Bicycles
Hero Cycles
TI Cycles
Trek
Shanghai Phonex
Atlas
Flying Pigeon
Merida
Xidesheng Bicycle
OMYO
Emmelle
Avon Cycles
Tianjin Battle
Cannondale
Libahuang
Specialized
Trinx Bikes
DAHON
Cycoo
Bridgestone Cycle
Laux (Tianjin)
Samchuly Bicycle
Cube
Pacific Cycles
Derby Cycle
Grimaldi Industri
Gazelle
KHS
Forever
Scott Sports
This report is a detailed and comprehensive analysis for global Bicycle market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Bicycle
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Bicycle market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Giant Bicycles, Hero Cycles, TI Cycles, Trek and Shanghai Phonex, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Bicycle market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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