Latest News- Bicycle Market: On-road and track is expected to lead the Product segment during 2025-2029

The Bicycle Market is being driven by Increasing number of bicycle sports events

The Bicycle Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 29.08 billion. In the context of global market trends, urbanization and rising disposable incomes in emerging economies have led to a significant increase in automobile sales. However, this has resulted in increased traffic congestion and environmental concerns. To address these issues, governments and individuals are turning to sustainable transportation alternatives, such as bicycles. Bicycle rental services have emerged as a popular solution, offering flexibility and affordability. Users can rent bicycles on a short-term or long-term basis, with various subscription models available. For instance, Japan's government promotes bicycle usage for commuting, and bicycle rental services enable users to access this eco-friendly mode of transportation without the burdens of ownership. 

Get more information on Bicycle Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • On-road and track
  • Off-road
  • X-road and hybrid
• End-user
  • Men
  • Women
  • Kids
• Distribution Channel
  • Offline
  • Online
• Propulsion
  • Manual bicycles
  • Motor-assisted bicycles
• Technology
  • Electric
  • Conventional
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • Mexico
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of bicycle sports events
• Health, environmental, and economic benefits of cycling
• Government policies and initiatives promoting bicycles

However, the market also witnesses some limitations, which are as follows:

• Increase in number of product recalls
• Threat from refurbished bicycles
• Increase in number of bicycle accidents

Benefits of Buying Global Bicycle Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Bicycle Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The bicycle market encompasses various frame materials such as carbon fiber, aluminum alloys, steel tubing, and titanium, each offering unique benefits. Braking systems include hydraulic disc brakes and rim brakes. Drivetrains range from single-speed and multi-speed, to electronic and mechanical shifting. Tires come in tubeless, clincher, wire bead, and folding varieties. Accessories include quick release skewers, suspension and rigid forks, and various bike geometries for mountain, road, and comfort bikes. Ergonomics, pedal stroke analysis, power meter data, and cadence measurement are essential elements of bike fitting, while customization options allow riders to personalize their ride.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and consumer games. According to Technavio, market size is determined by the collective revenue generated by manufacturers in sectors like consumer electronics, home furnishings, homebuilding products, household appliances, housewares and specialties, and leisure products. Market expansion will be fueled by the rising membership numbers in health and fitness clubs, which have experienced significant growth over the past decade. This trend is further bolstered by the increasing establishment of new health and fitness clubs, capitalizing on the industry's promising future. Within the leisure products sector, the bicycle market specifically benefits from this trend, as cycling is a popular fitness activity and an eco-friendly mode of transportation. Geometry, wheel diameter, and gear ratios are key considerations for manufacturers in the bicycle market to cater to evolving consumer preferences and ensure product competitiveness.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/