Market Research Logo

Global Bicycle Market 2018-2022

Global Bicycle Market 2018-2022

About Bicycle

Bicycles, also called as bikes, are a two-wheeler vehicle that is an eco-friendly and inexpensive way of commute. Manual pedal bicycles do not require any external fuel or supply source whereas electric-driven bicycles (with 250W motor) are assisted by electric power and have the option to be manually pedaled.

Technavio’s analysts forecast the global bicycle market to grow to USD 44.40 billion during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global bicycle market for 2018-2022. To calculate the market size, the report considers the scope includes the retail sales of manual, human-powered two wheeled pedal, bicycles and motor-assisted bicycles, with only electric bikes (e-bikes) that have maximum of 250W motors fitted-in it to exceed not more than 25 km per hour.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA


Technavio's report, Global Bicycle Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Accell Group
  • Dorel Industries
  • Giant Bicycle
  • GUANGDONG TANDEM INDUSTRIES
  • Insera Sena
  • MERIDA
Market driver
  • Consumer’s shifting preference toward cycling as a sport, leisure, and cardio activity
  • For a full, detailed list, view our report
Market challenge
  • Greater availability and increasing market of refurbished bicycles
  • For a full, detailed list, view our report
Market trend
  • Technological advances in bicycles industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Bicycle Market 2018-2022

Technavio recognizes the following companies as the key players in the global bicycle market: Accell Group, Dorel Industries, Giant Bicycle, GUANGDONG TANDEM INDUSTRIES, ,Insera Sena, and MERIDA

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is technological advances in bicycles industry. There has been an immense evolution in the bicycle industry. The key competitors are launching innovative bicycles and accessories, which will lead to significant market growth. Technological developments have been witnessed in bicycle lights because these lights increase visibility range of the riders, enhancing safety.”

According to the report, one of the major drivers for this market is Consumer’s shifting preference toward cycling as a sport, leisure, and cardio activity. The major factors increasing the popularity of cycling are increased awareness about the personal health and environmental benefits it provides. Cycling has increasingly been gaining the urban populace’s interest. Urbanization is also playing an important role because cities are getting more crowded; therefore, increase in traffic jams is another factor resulting in the growth of cycling. High-end bicycles are also gaining increasing popularity among sports enthusiasts because of the quality of the material used as well as the components that are of superior quality compared to mass bicycles.

Further, the report states that one of the major factors hindering the growth of this market is Greater availability and increasing market of refurbished bicycles. Refurbished and used bicycles are increasingly sold through online and offline stores. The high cost associated with innovative featured bikes might drive the mass customers toward a refurbished bike. Multiple second-hand bike competitors provide a warranty to their customers. This adds to the demand of such bikes from customers, resulting in minimum profit margin for key competitors. eBay, craigslist, SecondhandBikes.com, OLX India, Quikr India are the major players who cater to the marketing and sales of used and refurbished bikes.

Companies Mentioned

Accell Group, Dorel Industries, Giant Bicycle, GUANGDONG TANDEM INDUSTRIES, ,Insera Sena, and MERIDA

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Global bicycle market - Market in focus
      • Table Global Bicycle Industry 2017
    • Global hard adventure sports equipment market - Related market
      • Table Global hard adventure sports equipment market - Related market
    • Market characteristics
      • Table Global bicycle market - Market characteristics
    • Market segmentation analysis
      • Table Global bicycle market - Market segments
  • Market sizing
    • Market definition
      • Table Global bicycle market - Inclusions and exclusions checklist
    • Global bicycle market - Market sizing 2017
      • Table Global bicycle market - Market size 2017
      • Table Global bicycle market - Validation techniques employed for market sizing 2017
    • Global bicycle market - Market size and forecast 2017-2022
      • Table Global bicycle market - Market size and forecast 2017-2022 ($ bn)
      • Table Global bicycle market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Global bicycle market - Five forces analysis 2017
    • Table Global bicycle market - Five forces analysis 2022
    • Bargaining power of buyers
      • Table Global bicycle market - Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Global bicycle market - Bargaining power of suppliers
    • Threat of new entrants
      • Table Global bicycle market - Threat of new entrants
    • Threat of substitutes
      • Table Global bicycle market - Threat of substitutes
    • Threat of rivalry
      • Table Global bicycle market - Threat of rivalry
    • Market condition
      • Table Global bicycle market - Market condition by Five forces 2017
  • PESTLE Analysis
    • Table Global bicycle market - PESTLE analysis 2017-2022
  • Market segmentation by product
    • Global bicycle market - Segmentation by product
      • Table Global bicycle market - Product segmentation 2017-2022 (% share of revenue)
    • Comparison by product
      • Table Comparison by product
    • Global on-road and track bikes market - Market size and forecast 2017-2022
      • Table Global on-road and track bikes market - Market size and forecast 2017-2022 ($ bn)
      • Table Global on-road and track bikes market - Year-over-year growth 2018-2022 (%)
    • Global off-road bikes market - Market size and forecast 2017-2022
      • Table Global off-road bikes market - Market size and forecast 2017-2022 ($ bn)
      • Table Global off-road bikes market - Year-over-year growth 2018-2022 (%)
    • Global x-road and hybrid bikes market - Market size and forecast 2017-2022
      • Table Global x-road and hybrid bikes market - Market size and forecast 2017-2022 ($ bn)
      • Table Global x-road and hybrid bikes market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Global bicycle market - Market opportunity by product
  • Market segmentation by propulsion
    • Global bicycle market: Segmentation by propulsion
      • Table Global bicycle market - Propulsion segmentation 2017-2022 (% share of revenue)
    • Comparison by propulsion
      • Table Global bicycle market - Comparison by propulsion
    • Global manual bicycle market - Market size and forecast 2017-2022
      • Table Global manual bicycle market - Market size and forecast 2017-2022 ($ bn)
      • Table Global manual bicycle market - Year-over-year growth 2018-2022 (%)
    • Global motor-assisted bicycle market - Market size and forecast 2017-2022
      • Table Global motor-assisted bicycle market - Market size and forecast 2017-2022 ($ bn)
      • Table Global motor-assisted bicycle market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by propulsion
      • Table Global bicycle market - Market opportunity by propulsion
  • Customer landscape
    • Table Global bicycle market - Customer landscape
  • Market segmentation by end-user
    • Global bicycle market - End-user segmentation
      • Table Global bicycle market - End-user segmentation 2017-2022 (% share of revenue)
    • Comparison by end-user
      • Table Global bicycle market - Comparison by end-user
    • Global bicycle market by adults - Market size and forecast 2017-2022
      • Table Global bicycle market by adults - Market size and forecast 2017-2022 ($ bn)
      • Table Global bicycle market by adults - Year-over-year growth 2018-2022 (%)
    • Global bicycle market by children - Market size and forecast 2017-2022
      • Table Global bicycle market by children - Market size and forecast 2017-2022 ($ bn)
      • Table Global bicycle market by children - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Global bicycle market - Market opportunity by end-user
  • Market segmentation by distribution channel
    • Global bicycle market: Segmentation by distribution channel
      • Table Global bicycle market - Distribution channel segmentation 2017-2022 (% share of revenue)
      • Table Global bicycle market - Distribution channel segmentation in 2017 and 2022 ($ bn)
    • Market opportunity by distribution channel
      • Table Global bicycle market - Market opportunity by distribution channel
  • Regional landscape
    • Global bicycle market - Geographical segmentation
      • Table Global bicycle market - Regional segmentation 2017-2022 (% share of revenue)
    • Regional comparison
      • Table Global bicycle market - Regional comparison
    • Bicycle market in APAC - Market size and forecast 2017-2022
      • Table Bicycle market in APAC - Market size and forecast 2017-2022 ($ bn)
      • Table Bicycle market in APAC - Year-over-year growth 2018-2022 (%)
      • Table Bicycle market in APAC - Top 3 countries
    • Bicycle market in EMEA - Market size and forecast 2017-2022
      • Table Bicycle market in EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table Bicycle market in EMEA - Year-over-year growth 2018-2022 (%)
      • Table Bicycle market in EMEA - Top 3 countries
    • Bicycle market in Americas - Market size and forecast 2017-2022
      • Table Bicycle market in Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Bicycle market in Americas - Year-over-year growth 2018-2022 (%)
      • Table Bicycle market in Americas - Top 3 countries
    • Key leading countries
      • Table Global bicycle market - Key leading countries
    • Market opportunity by region
      • Table Global bicycle market - Market opportunity by region
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological advances in bicycles industry
    • Increase in market competitors led cycling events to boost end-user awareness
    • Advent of recyclable and reusable bicycle frames
    • New children's bicycles launch with added features
  • Competitor landscape
    • Competitive overview
      • Table Global bicycle market - Competitor landscape
    • Landscape disruption
      • Table Global bicycle market - Landscape disruption
    • Competitive landscape
  • Competitor analysis
    • Competitors covered
      • Table Global bicycle market - Competitors covered
    • Competitor classification
      • Table Global bicycle market - Competitor classification
    • Market positioning of competitors
      • Table Global bicycle market - Market positioning of competitors
    • Accell Group
      • Table Accell Group - Competitor overview
      • Table Accell Group - Business segment
      • Table Accell Group - Organizational developments
      • Table Accell Group - Geographic focus
      • Table Accell Group - Business segment focus
      • Table Accell Group - Key product offerings
    • Dorel Industries
      • Table Dorel Industries - Competitor overview
      • Table Dorel Industries- Business segment
      • Table Dorel Industries - Organizational developments
      • Table Dorel Industries - Geographic focus
      • Table Dorel Industries- Business segment focus
      • Table Dorel Industries- Key product offerings
    • Giant Bicycle
      • Table Giant Bicycle - Competitor overview
      • Table Giant Bicycle - Business segment
      • Table Giant Bicycle - Organizational developments
      • Table Giant Bicycle - Geographic focus
      • Table Giant Bicycle - Segment focus
      • Table Giant Bicycle - Key product offerings
    • GUANGDONG TANDEM INDUSTRIES
      • Table GUANGDONG TANDEM INDUSTRIES - Competitor overview
      • Table GUANGDONG TANDEM INDUSTRIES - Business segment
      • Table GUANGDONG TANDEM INDUSTRIES - Organizational developments
      • Table GUANGDONG TANDEM INDUSTRIES - Geographic focus
      • Table GUANGDONG TANDEM INDUSTRIES - Business segment focus
      • Table GUANGDONG TANDEM INDUSTRIES - Key product offerings
    • Insera Sena
      • Table Insera Sena - Competitor overview
      • Table Insera Sena - Business segment
      • Table Insera Sena - Organizational developments
      • Table Insera Sena - Geographic focus
      • Table Insera Sena - Business segment focus
      • Table Insera Sena - Key product offerings
    • MERIDA
      • Table MERIDA - Competitor overview
      • Table MERIDA - Business segment
      • Table MERIDA - Organizational developments
      • Table MERIDA - Geographic focus
      • Table MERIDA - Business segment focus
      • Table MERIDA - Key product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report