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Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global bicycle market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A bicycle is a pedal-driven vehicle with two wheels, pedals, brakes, seat, carrier, drive chain, and handlebar. It helps the rider in decreasing stress levels and body fat levels, improving posture and coordination, strengthening bones, preventing and managing several diseases, and reducing anxiety and depression. Besides this, it also increases cardiovascular fitness, muscle strength, flexibility, and joint mobility. As a result, it acts as a widely preferred form of vehicle for traveling to nearby places.

Bicycle Market Trends:

A significant increase in the prevalence of chronic diseases has resulted in the growing adoption of bicycles around the world to ensure a healthy life. Apart from this, due to the growing traffic congestion and reducing the availability of parking space, especially in metropolitan cities, there is an increase in the overall sales of bicycles. Additionally, with the rising environmental concerns, governing agencies of various countries are undertaking numerous initiatives to minimize carbon emissions that are released from vehicles. As a result, they are focusing on improving the existing infrastructure to support bicycle commutation, which is contributing to the market growth.  Furthermore, the growing trend of dockless bicycle-sharing systems that are embedded with global positioning systems (GPS) and can operate on a smartphone application is creating a favorable market outlook. Moreover, the introduction of electric bicycles that offer higher capacities and longer life despite their smaller size compared to their conventional counterparts is acting as another growth-inducing factor.  Besides this, the rising cases of coronavirus disease (COVID-19) are positively influencing the sales of bicycles. This can be attributed to a considerable need to avoid public transportation to prevent the spread of the disease.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bicycle market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, technology, price, distribution channel and end user.

Breakup by Type:

  • Road Bicycle
  • Mountain Bicycle
  • Hybrid Bicycle
  • Others
     

Breakup by Technology:

  • Electric
  • Conventional
     

Breakup by Price:

  • Premium
  • Mid-Range
  • Low-Range
     

Breakup by Distribution Channel:

  • Online Stores
  • Offline Stores
     

Breakup by End User:

  • Men
  • Women
  • Kids
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accell Group N.V., Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings B.V.), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA (Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Technology, Price, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accell Group N.V., Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings B.V.), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA (Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global bicycle market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bicycle market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the price?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bicycle market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Bicycle Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Road Bicycle
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mountain Bicycle
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hybrid Bicycle
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Technology
    7.1    Electric
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Conventional
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Price
    8.1    Premium
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Mid-Range
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Low-Range
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Online Stores
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End User
    10.1    Men
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Women
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Kids
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Accell Group N.V.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
        16.3.2    Avon Cycles Ltd.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Benno Bikes LLC
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Cervélo (Pon Holdings B.V.)
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Dorel Industries Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Giant Manufacturing Co. Ltd.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    Kona Bicycle Company
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Merida Industry Co. Ltd.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
        16.3.9    Olympus Bikes
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    SCOTT Sports SA (Youngone Corporation)
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Specialized Bicycle Components Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    Trek Bicycle Corporation (Roth Distributing Co. Inc.)
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Bicycle Market: Major Drivers and Challenges
Figure 2: Global: Bicycle Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Bicycle Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Bicycle Market: Breakup by Type (in %), 2020
Figure 5: Global: Bicycle Market: Breakup by Technology (in %), 2020
Figure 6: Global: Bicycle Market: Breakup by Price (in %), 2020
Figure 7: Global: Bicycle Market: Breakup by Distribution Channel (in %), 2020
Figure 8: Global: Bicycle Market: Breakup by End User (in %), 2020
Figure 9: Global: Bicycle Market: Breakup by Region (in %), 2020
Figure 10: Global: Bicycle (Road Bicycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Bicycle (Road Bicycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Bicycle (Mountain Bicycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Bicycle (Mountain Bicycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Bicycle (Hybrid Bicycle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Bicycle (Hybrid Bicycle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Bicycle (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Bicycle (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Bicycle (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Bicycle (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Bicycle (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Bicycle (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Bicycle (Premium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Bicycle (Premium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Bicycle (Mid-Range) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Bicycle (Mid-Range) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Bicycle (Low-Range) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Bicycle (Low-Range) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Bicycle (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Bicycle (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Bicycle (Offline Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Bicycle (Offline Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Bicycle (Men) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Bicycle (Men) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Bicycle (Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Bicycle (Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Bicycle (Kids) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Bicycle (Kids) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: United States: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Canada: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Canada: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Asia-Pacific: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Asia-Pacific: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: China: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: China: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Japan: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Japan: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: India: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: India: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: South Korea: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: South Korea: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Australia: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Australia: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Indonesia: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Indonesia: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Others: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Europe: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Europe: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Germany: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Germany: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: France: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: France: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: United Kingdom: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: United Kingdom: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Italy: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Italy: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Spain: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Spain: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Russia: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Russia: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Latin America: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Latin America: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Brazil: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Brazil: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Mexico: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Mexico: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Bicycle Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Middle East and Africa: Bicycle Market: Breakup by Country (in %), 2020
Figure 86: Middle East and Africa: Bicycle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Global: Bicycle Industry: SWOT Analysis
Figure 88: Global: Bicycle Industry: Value Chain Analysis
Figure 89: Global: Bicycle Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bicycle Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Bicycle Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Bicycle Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Bicycle Market Forecast: Breakup by Price (in Million US$), 2021-2026
Table 5: Global: Bicycle Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Bicycle Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 7: Global: Bicycle Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Bicycle Market: Competitive Structure
Table 9: Global: Bicycle Market: Key Players

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