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1. BICYCLE MARKET
2022-2028

2. MARKET DEFINITION
Bicycle Market Size was valued at USD 59.45 billion in 2021 and is expected to reach USD
105.24 billion by 2028 and grow at a CAGR of 8.5% over the forecast period 2022-2028.
The bicycle is an eco-friendly means of transportation that comes in a variety of forms, including
cargo bikes, electric bikes, and mountain cycles. Bicycles are easy to use and are regarded as one of
the safest ways of transportation. People are beginning to comprehend the significance of
maintaining one's physical fitness and leading a healthy lifestyle. They have also begun to realize
the importance of maintaining a regular riding routine in warding off conditions such as obesity.
Because more and more individuals are turning to cycle as a regular form of exercise, the market is
projected to expand as a result of this trend. Furthermore, significant bicycle associations such as
Go Out and Tour Somewhere, Easy Rider Bike Club, and Road Soldiers Cycling Club all share a
common goal: to enhance customer interest in cycling. As a result, they arrange a variety of sports
tournaments, recreational activities, bike rallies, and competitions to encourage people to ride
their bikes.

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4. Market Dynamics
• Bicycles as a handy method of exercise to
prevent obesity will improve the market.
• Dock-less bike-sharing schemes are expected to
boost bicycle demand.
KEY DRIVERS
• Alternatives to commute and physical activities
may hinder bicycle uptake.
RESTRAINTS
• Concerns growing concerning the amount of
carbon dioxide emissions.
• Expanding public services that allow people to
share bicycles around the world.
OPPORTUNITY

5. MARKET SEGMENTATION
By Product Type
ØMountain Bikes
ØHybrid Bikes
ØRoad Bikes
ØCargo Bikes
ØOthers
By Technology
ØElectric
ØConventional
By End-User
ØMen
ØWomen
ØKids

6. MARKET SIZE
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7. REGIONAL COVERAGE
Global
North
America
Europe
APAC
Middle
East
Africa
Latin
America

8. About US
SNS Insider is a market research company that helps clients looking to grow by giving them
strategies based on facts. With our headquarters in India, we've grown to help our clients find new
ways to grow all over the world.
We offer our clients an integrated data and research solution drawing on the company’s three
core competencies:
1. Syndicate 2. Custom 3. Consulting
Our staff of Field Interviewers takes care of the whole research process, from getting the first-
hand information to writing the final report. Our researchers and analysts work together to look
at all of the data and results of a study. SNS has built a proprietary market size model for every
business sector on our custom-built data platform. Our consultants also help clients figure out
how to use the results and suggestions of research in their own businesses.

9. Contact Us
Akash Anand
Head of Business Development &
Strategy
info@snsinsider.com
IND: +91-7798602273
US: +1-415-230-0044