Global Bicycle & Components Market by Bicycle Type (Mountain Bike, Touring Bike, City Bike, Electric Bike, Children Bike, and Others), by Component (Rims, Saddles, Frames, and Others), by Materials (Continuous Fiber Composites, Discontinuous Fiber Composites, Metals, and Others) and by Geography - Global Trends and Forecast to 2025

Global Bicycle & Components Market - Insights

Global bicycle and component market is expected to witness moderate growth during the forecast period. The market growth is majorly attributed to increasing awareness regarding health benefits of cycling, increasing need of fuel-efficient, environment friendly intra-city transportation mode, growing trend of e-bikes, and promotion of bicycles by governing bodies. Furthermore, bicycle sharing has become widely prevalent throughout Asia, Europe, and Americas to encourage cycling as a mode of transport in cities. Increasing traffic congestions in cities is leading to rise in pollution levels and disturbed mentality among citizens. For this, bicycles especially e-bikes have been proven as a beneficial alternative.

Improvements in bicycle design and increasing government support for green transportation modes is driving growth of the market. Availability of resources to evaluate bicycle designs and technologies has positively impacted the adoption of advanced bicycles including e-bikes. One of the advancements in bicycles include collision-warning sensors to detect the possibility of a collision through a laser sensor. Furthermore, capital issued by federal governments to improve public health and transport is one of the primary factors driving growth of the bicycles components market.

Figure 1. Global Bicycle & Components Market, Key Impact Forces

Bicycle and Components Market

SOURCE: COHERENT MARKET INSIGHTS (2018)

Distribution channels for the sale of bicycles

Bicycles and components can reach to the consumer through mass merchants, specialty bicycle retailers, outdoor specialty stores, sports stores, and others including online stores. In the U.S., around 74% of bicycle units were sold by mass merchants in 2015; while bicycling retailers accounted for around 13% of the share in terms of units sold in the region. However, 49% of the revenue was generated by bicycling retailers. Such strong network of supply for bicycling products in the region has further boosted the market growth of the U.S. bicycle and component market.

High adoption of carbon frames in bicycle industry

Carbon fiber is a strong and light weight polymer composite that is used as a raw material to manufacture a bicycle. This material is stiffer and its stiffness can be finely manipulated divergent to metals which are isotropic. Furthermore, carbon frames are handmade and are repairable. Such properties of carbon frame has made it a preferred choice over metallic frames among manufacturers.   By region, Asia Pacific is the largest supplier of carbon across the globe and is expected to witness significant growth during the forecast period.

Health benefits of cycling and initiatives by governments

According to the World Health Organization (WHO), in 2016 more than 1.9 billion adults were overweight, of which more than 650 million were obese. This trend is expected to increase, owing to changing lifestyle, eating habits, and genetic mutations. This growing concern has led society to be more focused on exercise and healthy living. For this, bicycles have witnessed widespread appreciation across the globe. Governing bodies of various economies have started initiatives to promote cycling for healthy living and pollution control. For instance, in Netherlands almost the entire community uses bicycles on daily basis. In Japan, bureaucrats & ministers travel to work on bicycles. Furthermore, public bicycle sharing is a growing trend in the U.S., the UK, the Netherlands, and China. Cycle to Work scheme is a UK Government tax exemption initiatives introduced in the Fiannce Act 1999 to urge people to use environment friendly mode of transport. For instance, a scheme launched in the UK for employees which saves up to 25-39% on a bike and accessories. 

Some of the key players operating in the global bicycle & components market include Alma Lasers Ltd., Cutera Inc., Cynosure Inc., Fotona d.d., Lumenis Ltd., Lutronic Corp., Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Syneron Medical Ltd., Strata Skin Sciences Inc., and Venus Concept Canada Corp.

Our study includes businesses that deal with manufacturing and supply of bicycles and components across the globe. Bicycles have witnessed considerable adaptation since its inception in terms of materials, design, and other factors that has improved bicycle safety, comfort, and exterior. Inclination of interest towards bicycle as a part of everyday fitness activity and as an efficient substitute for motor vehicles is driving the growth in the global bicycle & component market.

Market Dynamics

The global bicycle & component market growth is attributed to rising fuel prices for motor vehicles, issues related to traffic congestions, and changing perspective of society towards cycling where it is considered as a fitness activity. Furthermore, increasing demand for low-cost transportation in emerging economies, growing trend of electric bicycles in developed region including North America and government initiatives towards green transport has boosted the adoption of bicycles in everyday life of individuals. However, rise in disposable income in emerging economies has increased the sales of motor vehicles, which in turn affects the acceptance of bicycle as a mode of transport. Continuous improvements in the design, efficiency, and safety designs of bicycles & its components is expected to offer considerable growth opportunities for growth of the global bicycle & components market.

Key features of the study:

  • This report provides in-depth analysis of bicycle & components market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global bicycle & components market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, bicycle & components market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Atlas Cycles Ltd, Accell Group N.V., Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle Corporation, Campagnolo S.r.l., Giant Bicycle Inc., Cycleurope AB, Hamilton Industries Ltd., Derby Cycle Corporation, and others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global bicycle & components market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global bicycle & components market

Detailed Segmentation:

  • Global Bicycle & Components Market, By Bicycle Type:
    • Mountain Bike
    • Touring Bike
    • City Bike
    • Electric Bike
    • Children Bike
    • Others
  • Global Bicycle & Components Market, By Component:
    • Rims
    • Saddles
    • Frames
    • Others
  • Global Bicycle & Components Market, By Material:
    • Continuous Fiber Composites
    • Discontinuous Fiber Composites
    • Metals
    • Others
  • Global Bicycle & Components Market, By Geography:
    • North America
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Bicycle Type:
        • Mountain Bike
        • Touring Bike
        • City Bike
        • Electric Bike
        • Children Bike
        • Others
      • By Component:
        • Rims
        • Saddles
        • Frames
        • Others
      • By Material:
        • Continuous Fiber Composites
        • Discontinuous Fiber Composites
        • Metals
        • Others
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Atlas Cycles Ltd.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Atlas Cycles Ltd
    • Accell Group N.V.
    • Caloi Inc.
    • Avon Cycles Ltd.
    • Cannondale Bicycle Corporation
    • Campagnolo S.r.l.
    • Giant Bicycle Inc.
    • Cycleurope AB
    • Hamilton Industries Ltd.
    • Derby Cycle Corporation.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Bicycle Type
      • Market Snippet, By Component
      • Market Snippet, By Material
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Bicycle & Component Market, By Bicycle Type, 2016–2025  (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Mountain Bike
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Touring Bike
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • City Bike
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Electric Bike
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Children Bike
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
  5. Global Bicycle & Component Market, By Component, 2016–2025  (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Rims
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Saddles
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Frames
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
  6. Global Bicycle & Component Market, By Materials, 2016–2025  (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Continuous Fiber Composites
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Discontinuous Fiber Composites
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Metals
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2016–2025, (US$ Million)
  7. Global Bicycle & Component Market, By Regions, 2016–2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Others
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Others
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Brazil
        • Argentina
        • Mexico
        • Others
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Northern Africa
        • Central Africa
        • South Africa
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Bicycle Type, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Component, 2016–2025 (US$ Million)
      • Market Size and Forecast, By Material, 2016–2025 (US$ Million)
      • Market Share Analysis, By Country, 2016 and 2025 (%)
        • Northern Africa
        • Central AfricaDer
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Atlas Cycles Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Accell Group N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Caloi Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Avon Cycles Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cannondale Bicycle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Campagnolo S.r.l.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Giant Bicycle Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cycleurope AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hamilton Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Derby Cycle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Bicycle & Component Market - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.