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Bike Market Size, Share & Trends Analysis Report By Type (Conventional, Electric), By Product (City/Commuter Bikes, Road Bikes), By Price Range, By End-use, By Application, By Region, And Segment Forecasts, 2025 - 2033

Publisher Grand View Research
Published Sep 18, 2025
Length 110 Pages
SKU # GV20471306

Description

Bike Market Summary

The global bike market size was estimated at USD 80.73 billion in 2024 and is projected to reach USD 140.83 billion by 2033, growing at a CAGR of 6.6% from 2025 to 2033. The industry is being shaped by a sustained transition toward electrified and higher-value product segments, and it is being positioned as a strategic component of urban mobility, last-mile logistics, and leisure demand.

Revenue growth has been concentrated in electrically assisted bicycles (e-bikes), while traditional pedal-only categories have continued to service large-volume, lower-price tiers. Manufacturers and distributors have prioritized investment in product differentiation, after-sales services, and digital retail channels to capture expanding addressable markets.

Governments worldwide are significantly contributing to efforts to promote cycling. In 2024, the European Union signed the European Declaration on Cycling, formally recognizing the bicycle as a climate-friendly form of transportation and committing to expanded cycling infrastructure across all member states. Simultaneously, cities such as Tokyo, Paris, and Bogotá are redesigning urban spaces with dedicated bicycle lanes, subsidized parking stations, and public bike-sharing systems. India’s “Cycle4Change Challenge,” supported by the Ministry of Housing and Urban Affairs, has also mobilized over 100 cities to implement non-motorized transit initiatives. These policies are not only making cities more bike-friendly but also reinforcing consumer confidence in the bicycle as a long-term transport solution.

In Germany, more than 11 million bicycles were sold in 2023, with e-bikes making up over 50% of all sales. The U.S. also reported record bicycle imports in the same year, signaling strong domestic demand despite supply chain challenges. The appeal of cycling has expanded well beyond commuting. Recreational cycling, endurance biking, and mountain biking have all experienced substantial growth. Consumers are increasingly investing in high-performance bicycles, advanced gear, and customized accessories, underscoring both a recreational and aspirational product.

Global Bike Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global bike market report on the basis of type, product, price range, end-use, application, and region.
  • Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • Conventional
  • Electric
  • Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • City/Commuter Bikes
  • Road Bikes
  • Mountain Bikes (MTB)
  • Hybrid Bikes
  • Cargo Bikes
  • Others
  • Price Range Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • City/Commuter Bikes
  • Low (USD 200 to 500)
  • Mid-Range (USD 500 to USD 1,000)
  • High End (Above USD 1,000)
  • Road Bikes
  • Low (USD 400 to 1,000)
  • Mid-Range (USD 1,000 to USD 2,500)
  • High End (Above USD 2,500)
  • Mountain Bikes (MTB)
  • Low (USD 300 to 7,00)
  • Mid-Range (USD 700 to USD 1,800)
  • High End (Above USD 1,800)
  • Hybrid Bikes (Road & MTB)
  • Low (USD 300 to 700)
  • Mid-Range (USD 700 to USD 1,500)
  • High End (Above USD 1,500)
  • Cargo Bikes
  • Low (USD 500 to 2,500)
  • Mid-Range (USD 2,500 to USD 4,500)
  • High End (Above USD 4,500)
  • Others
  • Low (USD 200 to 800)
  • Mid-Range (USD 800 to USD 1,200)
  • High End (Above USD 1,200)
  • End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • Men
  • Women
  • Application Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • Personal/Individual
  • Commercial
  • Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Central & South America
  • Brazil
  • Middle East & Africa (MEA)
  • South Africa
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

110 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Type Outlook
2.3. Product Outlook
2.4. Price Range Outlook
2.5. End Use Outlook
2.6. Application Outlook
2.7. Regional Outlook
2.8. Competitive Landscape Snapshot
Chapter 3. Bike Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Related Market Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Opportunities
3.4.4. Market Challenges
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.6. Market Entry Strategies
Chapter 4. Bike Market: Consumer Behavior Analysis
4.1. Consumer Trends & Preferences
4.2. Factors Affecting Buying Decisions
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Bike Market: Type Estimates & Trend Analysis
5.1. Bike market, By Type: Key Takeaways
5.2. Type Movement Analysis & Market Share, 2024 & 2033
5.3. Market Estimates & Forecasts, by Type, 2021 - 2033 (USD Billion & Thousand Units)
5.3.1. Conventional
5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
5.3.2. Electric
5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
Chapter 6. Bike Market: Product Estimates & Trend Analysis
6.1. Bike Market, By Product: Key Takeaways
6.2. Product Movement Analysis & Market Share, 2024 & 2033
6.3. Market Estimates & Forecasts, by Product, 2021 - 2033 (USD Billion & Thousand Units)
6.3.1. City/Commuter Bikes
6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
6.3.2. Road Bikes
6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
6.3.3. Mountain Bikes (MTB)
6.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
6.3.4. Hybrid Bikes (Road & MTB)
6.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
6.3.5. Cargo Bikes
6.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
6.3.6. Others
6.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
Chapter 7. Bike Market: Product Estimates & Trend Analysis
7.1. Bike Market, By Price Range: Key Takeaways
7.2. Price Range Movement Analysis & Market Share, 2024 & 2033
7.3. Market Estimates & Forecasts, by Price Range, 2021 - 2033 (USD Billion & Thousand Units)
7.3.1. City/Commuter Bikes
7.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.1.2. Low (USD 200 to 500)
7.3.1.3. Mid-Range (USD 500 to USD 1,000)
7.3.1.4. High End (Above USD 1,000)
7.3.2. Road Bikes
7.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.2.2. Low (USD 400 to 1,000)
7.3.2.3. Mid-Range (USD 1,000 to USD 2,500)
7.3.2.4. High End (Above USD 2,500)
7.3.3. Mountain Bikes (MTB)
7.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.3.2. Low (USD 300 to 7,00)
7.3.3.3. Mid-Range (USD 700 to USD 1,800)
7.3.3.4. High End (Above USD 1,800)
7.3.4. Hybrid Bikes (Road & MTB)
7.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.4.2. Low (USD 300 to 700)
7.3.4.3. Mid-Range (USD 700 to USD 1,500)
7.3.4.4. High End (Above USD 1,500)
7.3.5. Cargo Bikes
7.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.5.2. Low (USD 500 to 2,500)
7.3.5.3. Mid-Range (USD 2,500 to USD 4,500)
7.3.5.4. High End (Above USD 4,500)
7.3.6. Others
7.3.6.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
7.3.6.2. Low (USD 200 to 800)
7.3.6.3. Mid-Range (USD 800 to USD 1,200)
7.3.6.4. High End (Above USD 1,200)
Chapter 8. Bike Market: End Use Estimates & Trend Analysis
8.1. Bike Market, By End Use: Key Takeaways
8.2. End Use Movement Analysis & Market Share, 2024 & 2033
8.3. Market Estimates & Forecasts, by End Use, 2021 - 2033 (USD Billion & Thousand Units)
8.3.1. Men
8.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
8.3.2. Women
8.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
Chapter 9. Bike Market: Application Estimates & Trend Analysis
9.1. Bike Market, by Application: Key Takeaways
9.2. Application Movement Analysis & Market Share, 2024 & 2033
9.3. Market Estimates & Forecasts, by Application, 2021 - 2033 (USD Billion & Thousand Units)
9.3.1. Personal/Individual
9.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
9.3.2. Commercial
9.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
Chapter 10. Bike Market: Regional Estimates & Trend Analysis
10.1. Bike Market: Regional Outlook
10.2. Regional Marketplaces: Key Takeaways
10.3. Market Estimates & Forecasts, by Region, 2021 - 2033 (USD Billion & Thousand Units)
10.3.1. North America
10.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.1.2. U.S.
10.3.1.2.1. Key country dynamics
10.3.1.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.1.3. Canada
10.3.1.3.1. Key country dynamics
10.3.1.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.1.4. Mexico
10.3.1.4.1. Key country dynamics
10.3.1.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2. Europe
10.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2.2. Germany
10.3.2.2.1. Key country dynamics
10.3.2.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2.3. UK
10.3.2.3.1. Key country dynamics
10.3.2.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2.4. France
10.3.2.4.1. Key country dynamics
10.3.2.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2.5. Italy
10.3.2.5.1. Key country dynamics
10.3.2.5.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.2.6. Spain
10.3.2.6.1. Key country dynamics
10.3.2.6.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3. Asia Pacific
10.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3.2. China
10.3.3.2.1. Key country dynamics
10.3.3.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3.3. India
10.3.3.3.1. Key country dynamics
10.3.3.3.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3.4. Japan
10.3.3.4.1. Key country dynamics
10.3.3.4.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3.5. Australia
10.3.3.5.1. Key country dynamics
10.3.3.5.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.3.6. South Korea
10.3.3.6.1. Key country dynamics
10.3.3.6.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.4. Central & South America
10.3.4.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.4.2. Brazil
10.3.4.2.1. Key country dynamics
10.3.4.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.5. Middle East & Africa
10.3.5.1. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
10.3.5.2. South Africa
10.3.5.2.1. Key country dynamics
10.3.5.2.2. Market estimates and forecast, 2021 - 2033 (USD Billion & Thousand Units)
Chapter 11. Bike Market: Competitive Analysis
11.1. Recent developments & impact analysis, by key market participants
11.2. Company Categorization
11.3. Participant’s Overview
11.4. Financial Performance
11.5. Product Benchmarking
11.6. Company Market Share Analysis, 2024 (%)
11.7. Company Heat Map Analysis
11.8. Strategy Mapping
11.9. Company Profiles
11.9.1. Giant Manufacturing Co. Ltd.
11.9.1.1. Company Overview
11.9.1.2. Financial Performance
11.9.1.3. Product Portfolios
11.9.1.4. Strategic Initiatives
11.9.2. Trek Bicycle Corporation
11.9.2.1. Company Overview
11.9.2.2. Financial Performance
11.9.2.3. Product Portfolios
11.9.2.4. Strategic Initiatives
11.9.3. Merida Industry Co., Ltd.
11.9.3.1. Company Overview
11.9.3.2. Financial Performance
11.9.3.3. Product Portfolios
11.9.3.4. Strategic Initiatives
11.9.4. Specialized Bicycle Components
11.9.4.1. Company Overview
11.9.4.2. Financial Performance
11.9.4.3. Product Portfolios
11.9.4.4. Strategic Initiatives
11.9.5. Accell Group N.V.
11.9.5.1. Company Overview
11.9.5.2. Financial Performance
11.9.5.3. Product Portfolios
11.9.5.4. Strategic Initiatives
11.9.6. Hero Cycles Ltd.
11.9.6.1. Company Overview
11.9.6.2. Financial Performance
11.9.6.3. Product Portfolios
11.9.6.4. Strategic Initiatives
11.9.7. Pon Holdings (Pon.Bike)
11.9.7.1. Company Overview
11.9.7.2. Financial Performance
11.9.7.3. Product Portfolios
11.9.7.4. Strategic Initiatives
11.9.8. Scott Sports SA
11.9.8.1. Company Overview
11.9.8.2. Financial Performance
11.9.8.3. Product Portfolios
11.9.8.4. Strategic Initiatives
11.9.9. Cube Bikes (Cube GmbH)
11.9.9.1. Company Overview
11.9.9.2. Financial Performance
11.9.9.3. Product Portfolios
11.9.9.4. Strategic Initiatives
11.9.10. Avon Cycles Ltd.
11.9.10.1. Company Overview
11.9.10.2. Financial Performance
11.9.10.3. Product Portfolios
11.9.10.4. Strategic Initiatives

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