Segmentation - Bike Market

The bike market is likely to be valued at USD 63 Bn in 2025. It is predicted to display 10.28% CAGR over the forecast period (2025-2032) to reach USD 125 Bn by 2032.

It has witnessed significant growth in recent years, driven by increasing environmental concerns, urbanization, and the need for sustainable transportation solutions. Bicycles are emerging as a popular alternative to traditional motorized vehicles, offering numerous benefits such as reduced carbon emissions, improved health and fitness, and cost-effectiveness.

The market encompasses various types of bikes, including road bikes, mountain bikes, hybrid bikes, and electric bikes, catering to a wide range of consumer preferences and riding styles. As governments worldwide implement policies to promote cycling infrastructure and encourage bicycle commuting, the bike market is poised for further expansion in the coming years.

Market Dynamics:

One of the primary drivers is the growing awareness about the environmental impact of motorized vehicles, leading to a shift towards eco-friendly transportation options like bicycles. Additionally, increasing health consciousness among consumers has fueled the demand for bikes as a means of exercise and fitness.

Urbanization and traffic congestion in cities have also contributed to the growth of the bike market, as bicycles offer a convenient and efficient way to navigate through crowded streets. However, the market faces certain restraints, such as the lack of proper cycling infrastructure in many regions, safety concerns, and the availability of alternative modes of transportation.

Despite these challenges, the bike market presents significant opportunities for growth, including the rising popularity of e-bikes, which combine the benefits of traditional bicycles with electric power assistance. The integration of advanced technologies, such as lightweight materials, smart features, and connected devices, is also expected to drive innovation and attract new customers to the market.

Key Features of the Study:

This report provides in-depth analysis of the bike market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
It highlights potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the bike market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Garri Bike, Merida Industry Co., Ltd, Axalko Bikes, Dorel Industries Inc., BH Bikes, Accell Group, Giant Bicycles, Avon Cycles Ltd., Atlas Cycles (Haryana) Ltd., Orbea, Mammoth Bikes, Hagen Bikes, Cervelo, Trek Bicycle Corporation, Egurra Bikes, Specialized Bicycle Components, Inc., SCOTT Sports SA, and TI Cycles of India.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the bike market

Market Segmentation

Type Insights
- Mountain Bikes
- Hybrid Bikes
- Cargo Bikes
- Road Bikes
- Others
Design Insights
- Folding
- Regular
Technology Insights
- Electric
- Conventional
Distribution Channel Insights
- Online
- Offline
End Users Insights
- Men
- Women
- Kids
Regional Insights
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa
Key Players Insights
- Garri Bike
- Merida Industry Co., Ltd
- Axalko Bikes
- Dorel Industries Inc.
- BH Bikes
- Accell Group
- Giant Bicycles
- Avon Cycles Ltd.
- Atlas Cycles (Haryana) Ltd.
- Orbea
- Mammoth Bikes
- Hagen Bikes
- Cervelo
- Trek Bicycle Corporation
- Egurra Bikes
- Specialized Bicycle Components, Inc.
- SCOTT Sports SA
- TI Cycles of India

Market Segmentation

Type Insights
- Mountain Bikes
- Hybrid Bikes
- Cargo Bikes
- Road Bikes
- Others
Design Insights
- Folding
- Regular
Technology Insights
- Electric
- Conventional
Distribution Channel Insights
- Online
- Offline
End Users Insights
- Men
- Women
- Kids
Regional Insights
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa