According to the recent study the bicycle market is projected to reach an estimated $62 billion by 2030 from $48 billion in 2023 at a CAGR of 4% 2023 to 2030. Growth in this market is primarily driven by raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Browse 130 figures/charts
and 72 tables in this 178-page report to understand trends, opportunities and
forecast in bicycle market by type (road bicycle, mountain bicycle, kids
bicycle, e-bicycle, and other bicycles) and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts that
e-bicycle will remain the largest segment, and it is also expected to witness
the highest growth over the forecast period due to the increasing demand for
zero emission climates, government regulations, and safety standards for
bicycling. Development of cycling infrastructure will have a larger impact on
the electric bicycle market in emerging markets in the coming years.
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bicycle market
Europe is expected to
remain the largest region and witness the highest growth over the forecast
period due to government initiatives to promote sustainable transportation and
a healthier lifestyle.
Giant Manufacturing,
Merida Industry Co. Ltd., Accell Group NV, Dorel Industry, Tube Investment of
India Ltd., Ideal Bike Corporation, Hero Cycles Ltd are the major supplier in
the bicycle market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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