Bicycle Market Gains Traction Amid Push for Low-Carbon Urban Mobility

 

The global bicycle market is expected to experience substantial growth CAGR of around 8.4% during the period between 2025 and 2035 owing to growing environmental concerns, improving health awareness, and increasing government initiatives promoting cycling infrastructure. Bikes have become a popular transportation, exercise, and recreation mode in an era when the production of bikes has spread in urban and rural areas and demand has increased.

Findings from a new market report estimates the value of the market to be around USD 6.9 Billion by 2035, growing at a compound annual growth rate (CAGR) of 8.4%. The rising adoption of e-bikes, integration of lightweight materials and smart connectivity features are set to drive the market growth further.

The Bicycle Market is witnessing significant growth, fueled by rising environmental concerns, increasing adoption of eco-friendly transport solutions, and advancements in bicycle technology. The surge in urbanization, government initiatives promoting cycling infrastructure, and the rising popularity of electric bicycles (e-bikes) are further propelling the market forward.

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Key Takeaways:

Increasing consumer preference for sustainable and cost-effective transportation.

Growing adoption of e-bikes due to improved battery technology and extended range.

Government policies supporting cycling infrastructure and bike-sharing programs.

Rising health consciousness leading to increased demand for fitness and recreational bicycles.

Expansion of online bicycle sales channels boosting market accessibility.

Key Drivers:

Environmental Awareness & Sustainable Mobility – Shift toward green transportation to reduce carbon emissions.

Rising Fuel Prices & Urban Traffic Congestion – Bicycles offer a cost-effective and efficient mode of transport.

Growth of E-Bikes & Smart Bikes – Integration of IoT and AI enhances user experience and efficiency.

Government Support & Incentives – Subsidies, dedicated cycling lanes, and bike-sharing programs encourage bicycle adoption.

Increasing Health & Fitness Trends – Rising participation in cycling for recreational and fitness purposes.

Growth Opportunities:

Expanding market for electric bicycles and connected bike technologies.

Development of lightweight, durable materials for enhanced performance.

Increasing investment in cycling infrastructure and urban mobility solutions.

Growth of subscription-based and shared mobility platforms.

Application Areas:

Commuting & Urban Transport – City bikes, folding bikes, and hybrid bicycles.

Recreational & Fitness – Mountain bikes, road bikes, and fitness cycles.

Cargo & Delivery Services – E-cargo bikes used for last-mile delivery.

Competitive & Professional Cycling – Racing and high-performance bikes.

Exhaustive Market Report: A Complete Study
https://www.futuremarketinsights.com/reports/bicycle-market

Key Players:

Giant Bicycles

Trek Bicycle Corporation

Specialized Bicycle Components, Inc.

Merida Industry Co., Ltd.

Accell Group

Cannondale (Dorel Industries)

Scott Sports SA

Brompton Bicycle Ltd.

Hero Cycles Ltd.

Rad Power Bikes

Market Segmentation:

By Type: Mountain Bikes, Road Bikes, Hybrid Bikes, Electric Bikes, Folding Bikes.

By Distribution Channel: Online Retail, Offline Retail (Bike Shops, Specialty Stores, Hypermarkets).

By End-User: Men, Women, Kids.

By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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