The global bicycle market is currently undergoing a significant structural transformation, evolving from a traditional industry focused on basic mobility and toys into a high-technology sector driven by sustainability, urban infrastructure development, and a global wellness movement. As urban populations surge and the environmental impact of fossil-fuel-based transportation becomes a primary political and social concern, bicycles have re-emerged as the most efficient solution for "last-mile" connectivity and active commuting. The market is increasingly bifurcated between the high-volume, cost-sensitive segments of developing economies and the high-value, technology-driven segments of North America and Europe.
The global Bicycles market is valued at 68,500 million US
in2024andwillreach115,400millionUS in 2024 and will reach 115,400 million US
by the end of 2036, growing at a CAGR of 4.4% during 2026-2036. This growth is bolstered by the massive reinvestment in cycling infrastructure by municipal governments across the globe and a cultural shift toward low-impact outdoor recreation following the global pandemic.
Market Description
The bicycle market is characterized by its incredible versatility, catering to everything from basic survival transportation in rural areas to professional-grade racing machines that utilize aerospace-grade carbon fiber and electronic shifting systems. In developed regions, the market is primarily driven by the "recreation" and "physical training" segments, where consumers are willing to pay a premium for lightweight materials and aerodynamic designs. In contrast, the market in regions like India, Southeast Asia, and parts of China is dominated by the "transportation tools" segment, though this is rapidly changing as a burgeoning middle class adopts cycling as a fitness hobby.
A defining trend in the current market is the integration of digital technology. Even conventional bicycles are increasingly being sold alongside smart accessories, GPS tracking, and fitness integration apps. Furthermore, while this report categorizes size by wheel diameter, the underlying manufacturing shift toward "e-bike ready" frames is influencing the production of traditional cycles. Geographically, China remains the world’s "bicycle factory," producing the vast majority of global volume, but there is a notable shift of high-end manufacturing returning to Europe and Southeast Asia (specifically Vietnam and Cambodia) to mitigate supply chain risks and take advantage of regional trade agreements.
Key Players
The competitive landscape of the bicycle industry is a mix of heritage brands with deep racing pedigrees and massive industrial conglomerates with optimized global supply chains.
-
Giant Bicycles: Based in Taiwan, it is arguably the world’s largest bicycle manufacturer, producing both its own branded products and acting as a major OEM for other global labels.
-
Hero Cycles: A dominant force in the Indian market and one of the world’s largest producers by volume, focusing on affordable mobility and expanding into the European premium market through acquisitions.
-
Trek: A leading North American brand that has become synonymous with innovation in mountain biking and professional road racing.
-
Specialized: A premium-tier manufacturer known for its research-heavy approach to aerodynamics and its cult-like following among enthusiasts.
-
Merida: Another Taiwanese titan that holds a significant stake in the global high-performance market, known for its advanced manufacturing facilities.
-
TI Cycles: A major Indian player providing a wide range of cycles for all age groups, holding a strong position in the South Asian commuter segment.
-
Shanghai Phonex and Flying Pigeon: Historic Chinese brands that maintain massive domestic volume, though they are increasingly modernizing their portfolios to compete with global lifestyle brands.
-
Cannondale: Renowned for its history of aluminum frame innovation and its unique "Lefty" suspension designs.
-
Trinx Bikes: A rapidly growing Chinese brand focusing on the mid-market segment with a strong presence in Southeast Asia.
-
Bridgestone Cycle: The market leader in Japan, focusing on high-quality city bikes and innovative belt-drive systems.
-
Cube: A significant European player, particularly in Germany, which has seen explosive growth in the mountain bike and trekking segments.
-
Pacific Cycles and KHS: Specialized manufacturers that cater to niche markets, including high-end folding bikes and specialty racing frames.
Segments
The market is categorized by the physical dimensions of the cycle and its intended functional utility.
-
By Type (Wheel Size):
-
20 Inch: Primarily targeting the children’s market and the folding bike segment, which is popular in high-density urban areas like Tokyo and Amsterdam.
-
24 Inch: Often serves as the transition size for teenagers or as a compact mountain bike platform.
-
26 Inch: Traditionally the most common size for mountain bikes and standard cruisers, though it is currently facing competition from larger diameters in the professional space.
-
27 Inch (and 700c): The dominant segment for road racing, gravel bikes, and modern cross-country mountain bikes, valued for superior roll-over capability and speed.
-
Others: Includes niche sizes such as 29-inch mountain bikes and 12/16-inch toddler cycles.
-
-
By Application:
-
Transportation Tools: The foundational segment, particularly in Asia and Europe, where bicycles are used for daily commutes and utility.
-
Recreation: Focuses on casual weekend riders, families, and tourism-related cycling.
-
Racing: A high-value, low-volume segment where aerodynamics, weight, and carbon fiber technology drive extreme price points.
-
Physical Training: A rapidly growing segment catering to fitness enthusiasts who use cycling as their primary form of cardiovascular exercise.
-
DROT (Drivers, Restraints, Opportunities, and Threats)
Drivers
The primary driver of the market is the global "Green Mobility" initiative. Governments are offering tax incentives and building thousands of miles of dedicated bike lanes to reduce urban congestion. Secondly, the rising global health awareness—specifically the fight against sedentary lifestyles—has positioned cycling as a preferred "social" exercise. High fuel prices and the rising cost of car ownership are also pushing consumers toward bicycles for short-distance travel.
Restraints
Safety remains the number one restraint. In many parts of North America and Asia, the lack of segregated cycling infrastructure makes road cycling dangerous, deterring potential new riders. Additionally, the industry is highly susceptible to price fluctuations in raw materials, particularly aluminum and carbon fiber resins. The volatility of global shipping costs also poses a challenge to the "made in Asia, sold in the West" business model.
Opportunities
The "Gravel Bike" boom represents a massive opportunity; these versatile bikes work well on both paved roads and dirt trails, appealing to a wide range of riders. There is also a significant opportunity in "Subscription and Sharing Models." While dockless bike-sharing has faced challenges, long-term leasing and "bike-as-a-service" for corporate employees are growing niches. Customization—allowing users to choose colors and components online—is also helping brands capture higher margins.
Threats
The rise of e-scooters and other micro-mobility devices poses a threat to the entry-level commuter bicycle market. Furthermore, the market is plagued by counterfeit carbon frames and components, which can fail under stress and damage the reputation of legitimate brands. Trade protectionism and tariffs between major economies (like the US and China) can also disrupt established supply chains and lead to higher consumer prices.
Value Chain Analysis
The bicycle value chain is a complex global network that starts at the Upstream Level with raw material suppliers of steel, aluminum, and high-tensile carbon fiber. A critical sub-segment here is component manufacturing; a few companies (Shimano, SRAM, and Campagnolo) control the global market for "groupsets" (gears and brakes), making them powerful gatekeepers in the industry.
The Midstream Level involves frame fabrication and assembly. Manufacturers like Giant or Merida weld or mold frames and then assemble them with components from various suppliers. This stage is increasingly utilizing automation and robotic welding to maintain consistency and lower costs.
The Downstream Level is the distribution and retail network. This has evolved from local independent bike dealers (IBDs) to a multi-channel approach. Large brands now utilize "Direct-to-Consumer" (D2C) online sales alongside premium flagship stores. The chain ends with the End User, who is increasingly looking for "post-purchase" support, including maintenance services and community engagement through apps like Strava.
Outlook
The outlook for the global bicycle market remains highly optimistic through 2036. The transition toward "cycle-centric" cities is a multi-decade project that will provide a tailwind for the industry for years to come. We expect to see a "premiumization" trend across all regions, where even commuter bikes will feature better disc brakes, internal cable routing, and lighter materials.
Geographically, the Indian and Southeast Asian markets are expected to see the highest growth in value as they transition from utilitarian cycles to enthusiast-grade machines. In Europe and North America, the market will focus on "niche specialization," with cargo bikes and gravel bikes leading the growth. As the digital and physical worlds continue to merge, the bicycle will solidify its place not just as a tool for movement, but as a central piece of the modern, healthy, and sustainable lifestyle.
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Table of Contents
Global Bicycles Market Professional Survey Report
1 Industry Overview of Bicycles
1.1 Definition and Specifications of Bicycles
1.1.1 Definition of Bicycles
1.1.2 Specifications of Bicycles
1.2 Classification of Bicycles
1.2.1 20 Inch
1.2.2 24 Inch
1.2.3 26 Inch
1.2.4 27 Inch
1.2.5 Others
1.3 Applications of Bicycles
1.3.1 Transportation Tools
1.3.2 Recreation
1.3.3 Racing
1.3.4 Physical Training
1.3.5 Others
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 Europe
1.4.3 China
1.4.4 Japan
1.4.5 Southeast Asia
1.4.6 India
2 Manufacturing Cost Structure Analysis of Bicycles
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Bicycles
2.3 Manufacturing Process Analysis of Bicycles
2.4 Industry Chain Structure of Bicycles
3 Technical Data and Manufacturing Plants Analysis of Bicycles
3.1 Capacity and Commercial Production Date of Global Bicycles Major Manufacturers in
3.2 Manufacturing Plants Distribution of Global Bicycles Major Manufacturers in
3.3 R&D Status and Technology Source of Global Bicycles Major Manufacturers in
3.4 Raw Materials Sources Analysis of Global Bicycles Major Manufacturers in
4 Global Bicycles Overall Market Overview
4.1 -E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 -E Global Bicycles Capacity and Growth Rate Analysis
4.2.2 Bicycles Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 -E Global Bicycles Sales and Growth Rate Analysis
4.3.2 Bicycles Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 -E Global Bicycles Sales Price
4.4.2 Bicycles Sales Price Analysis (Company Segment)
5 Bicycles Regional Market Analysis
5.1 North America Bicycles Market Analysis
5.1.1 North America Bicycles Market Overview
5.1.2 North America -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America -E Bicycles Sales Price Analysis
5.1.4 North America Bicycles Market Share Analysis
5.2 Europe Bicycles Market Analysis
5.2.1 Europe Bicycles Market Overview
5.2.2 Europe -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.2.3 Europe -E Bicycles Sales Price Analysis
5.2.4 Europe Bicycles Market Share Analysis
5.3 China Bicycles Market Analysis
5.3.1 China Bicycles Market Overview
5.3.2 China -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.3.3 China -E Bicycles Sales Price Analysis
5.3.4 China Bicycles Market Share Analysis
5.4 Japan Bicycles Market Analysis
5.4.1 Japan Bicycles Market Overview
5.4.2 Japan -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Japan -E Bicycles Sales Price Analysis
5.4.4 Japan Bicycles Market Share Analysis
5.5 Southeast Asia Bicycles Market Analysis
5.5.1 Southeast Asia Bicycles Market Overview
5.5.2 Southeast Asia -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Southeast Asia -E Bicycles Sales Price Analysis
5.5.4 Southeast Asia Bicycles Market Share Analysis
5.6 India Bicycles Market Analysis
5.6.1 India Bicycles Market Overview
5.6.2 India -E Bicycles Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India -E Bicycles Sales Price Analysis
5.6.4 India Bicycles Market Share Analysis
6 Global -E Bicycles Segment Market Analysis (by Type)
6.1 Global -E Bicycles Sales by Type
6.2 Different Types of Bicycles Product Interview Price Analysis
6.3 Different Types of Bicycles Product Driving Factors Analysis
6.3.1 20 Inch Growth Driving Factor Analysis
6.3.2 24 Inch Growth Driving Factor Analysis
6.3.3 26 Inch Growth Driving Factor Analysis
6.3.4 27 Inch Growth Driving Factor Analysis
6.3.5 Others Growth Driving Factor Analysis
7 Global -E Bicycles Segment Market Analysis (by Application)
7.1 Global -E Bicycles Consumption by Application
7.2 Different Application of Bicycles Product Interview Price Analysis
7.3 Different Application of Bicycles Product Driving Factors Analysis
7.3.1 Transportation Tools of Bicycles Growth Driving Factor Analysis
7.3.2 Recreation of Bicycles Growth Driving Factor Analysis
7.3.3 Racing of Bicycles Growth Driving Factor Analysis
7.3.4 Physical Training of Bicycles Growth Driving Factor Analysis
7.3.5 Others of Bicycles Growth Driving Factor Analysis
8 Major Manufacturers Analysis of Bicycles
8.1 Giant Bicycles
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Giant Bicycles Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Giant Bicycles Bicycles Business Region Distribution Analysis
8.2 Hero Cycles
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 Hero Cycles Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 Hero Cycles Bicycles Business Region Distribution Analysis
8.3 TI Cycles
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 TI Cycles Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 TI Cycles Bicycles Business Region Distribution Analysis
8.4 Trek
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Product A
8.4.2.2 Product B
8.4.3 Trek Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.4.4 Trek Bicycles Business Region Distribution Analysis
8.5 Shanghai Phonex
8.5.1 Company Profile
8.5.2 Product Picture and Specifications
8.5.2.1 Product A
8.5.2.2 Product B
8.5.3 Shanghai Phonex Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.5.4 Shanghai Phonex Bicycles Business Region Distribution Analysis
8.6 Atlas
8.6.1 Company Profile
8.6.2 Product Picture and Specifications
8.6.2.1 Product A
8.6.2.2 Product B
8.6.3 Atlas Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.6.4 Atlas Bicycles Business Region Distribution Analysis
8.7 Flying Pigeon
8.7.1 Company Profile
8.7.2 Product Picture and Specifications
8.7.2.1 Product A
8.7.2.2 Product B
8.7.3 Flying Pigeon Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.7.4 Flying Pigeon Bicycles Business Region Distribution Analysis
8.8 Merida
8.8.1 Company Profile
8.8.2 Product Picture and Specifications
8.8.2.1 Product A
8.8.2.2 Product B
8.8.3 Merida Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.8.4 Merida Bicycles Business Region Distribution Analysis
8.9 Xidesheng Bicycle
8.9.1 Company Profile
8.9.2 Product Picture and Specifications
8.9.2.1 Product A
8.9.2.2 Product B
8.9.3 Xidesheng Bicycle Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.9.4 Xidesheng Bicycle Bicycles Business Region Distribution Analysis
8.10 OMYO
8.10.1 Company Profile
8.10.2 Product Picture and Specifications
8.10.2.1 Product A
8.10.2.2 Product B
8.10.3 OMYO Bicycles Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.10.4 OMYO Bicycles Business Region Distribution Analysis
8.11 Emmelle
8.12 Avon Cycles
8.13 Tianjin Battle
8.14 Cannondale
8.15 Libahuang
8.16 Specialized
8.17 Trinx Bikes
8.18 DAHON
8.19 Cycoo
8.20 Bridgestone Cycle
8.21 Laux (Tianjin)
8.22 Samchuly Bicycle
8.23 Cube
8.24 Pacific Cycles
8.25 Derby Cycle
8.26 Grimaldi Industri
8.27 Gazelle
8.28 KHS
8.29 Forever
8.30 Scott Sports
9 Development Trend of Analysis of Bicycles Market
9.1 Global Bicycles Market Trend Analysis
9.1.1 Global -2025 Bicycles Market Size (Volume and Value) Forecast
9.1.2 Global -2025 Bicycles Sales Price Forecast
9.2 Bicycles Regional Market Trend
9.2.1 North America -2025 Bicycles Consumption Forecast
9.2.2 Europe -2025 Bicycles Consumption Forecast
9.2.3 China -2025 Bicycles Consumption Forecast
9.2.4 Japan -2025 Bicycles Consumption Forecast
9.2.5 Southeast Asia -2025 Bicycles Consumption Forecast
9.2.6 India -2025 Bicycles Consumption Forecast
9.3 Bicycles Market Trend (Product Type)
9.4 Bicycles Market Trend (Application)
10 Bicycles Marketing Type Analysis
10.1 Bicycles Regional Marketing Type Analysis
10.2 Bicycles International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of Bicycles by Region
10.4 Bicycles Supply Chain Analysis
11 Consumers Analysis of Bicycles
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis
12 Conclusion of the Global Bicycles Market Professional Survey Report
Methodology
Analyst Introduction
Data Source
List of Tables and Figures
Figure Picture of Bicycles
Table Product Specifications of Bicycles
Table Classification of Bicycles
Figure Global Production Market Share of Bicycles by Type in
Figure 20 Inch Picture
Table Major Manufacturers of 20 Inch
Figure 24 Inch Picture
Table Major Manufacturers of 24 Inch
Figure 26 Inch Picture
Table Major Manufacturers of 26 Inch
Figure 27 Inch Picture
Table Major Manufacturers of 27 Inch
Figure Others Picture
Table Major Manufacturers of Others
Table Applications of Bicycles
Figure Global Consumption Volume Market Share of Bicycles by Application in
Figure Transportation Tools Examples
Table Major Consumers in Transportation Tools
Figure Recreation Examples
Table Major Consumers in Recreation
Figure Racing Examples
Table Major Consumers in Racing
Figure Physical Training Examples
Table Major Consumers in Physical Training
Figure Others Examples
Table Major Consumers in Others
Figure Market Share of Bicycles by Regions
Figure North America Bicycles Market Size (Million USD) (-2025)
Figure Europe Bicycles Market Size (Million USD) (-2025)
Figure China Bicycles Market Size (Million USD) (-2025)
Figure Japan Bicycles Market Size (Million USD) (-2025)
Figure Southeast Asia Bicycles Market Size (Million USD) (-2025)
Figure India Bicycles Market Size (Million USD) (-2025)
Table Bicycles Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of Bicycles in
Figure Manufacturing Process Analysis of Bicycles
Figure Industry Chain Structure of Bicycles
Table Capacity and Commercial Production Date of Global Bicycles Major Manufacturers in
Table Manufacturing Plants Distribution of Global Bicycles Major Manufacturers in
Table R&D Status and Technology Source of Global Bicycles Major Manufacturers in
Table Raw Materials Sources Analysis of Global Bicycles Major Manufacturers in
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of Bicycles -E
Figure Global -E Bicycles Market Size (Volume) and Growth Rate
Figure Global -E Bicycles Market Size (Value) and Growth Rate
Table -E Global Bicycles Capacity and Growth Rate
Table Global Bicycles Capacity (K Units) List (Company Segment)
Table -E Global Bicycles Sales (K Units) and Growth Rate
Table Global Bicycles Sales (K Units) List (Company Segment)
Table -E Global Bicycles Sales Price (USD/Unit)
Table Global Bicycles Sales Price (USD/Unit) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure North America -E Bicycles Sales Price (USD/Unit)
Figure North America Bicycles Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure Europe -E Bicycles Sales Price (USD/Unit)
Figure Europe Bicycles Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure China -E Bicycles Sales Price (USD/Unit)
Figure China Bicycles Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure Japan -E Bicycles Sales Price (USD/Unit)
Figure Japan Bicycles Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure Southeast Asia -E Bicycles Sales Price (USD/Unit)
Figure Southeast Asia Bicycles Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (K Units) of Bicycles -E
Figure India -E Bicycles Sales Price (USD/Unit)
Figure India Bicycles Sales Market Share
Table Global -E Bicycles Sales (K Units) by Type
Table Different Types Bicycles Product Interview Price
Table Global -E Bicycles Sales (K Units) by Application
Table Different Application Bicycles Product Interview Price
Table Giant Bicycles Information List
Table Product Overview
Table Giant Bicycles Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Giant Bicycles Bicycles Business Region Distribution
Table Hero Cycles Information List
Table Product Overview
Table Hero Cycles Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Hero Cycles Bicycles Business Region Distribution
Table TI Cycles Information List
Table Product Overview
Table TI Cycles Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure TI Cycles Bicycles Business Region Distribution
Table Trek Information List
Table Product Overview
Table Trek Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Trek Bicycles Business Region Distribution
Table Shanghai Phonex Information List
Table Product Overview
Table Shanghai Phonex Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Shanghai Phonex Bicycles Business Region Distribution
Table Atlas Information List
Table Product Overview
Table Atlas Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Atlas Bicycles Business Region Distribution
Table Flying Pigeon Information List
Table Product Overview
Table Flying Pigeon Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Flying Pigeon Bicycles Business Region Distribution
Table Merida Information List
Table Product Overview
Table Merida Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Merida Bicycles Business Region Distribution
Table Xidesheng Bicycle Information List
Table Product Overview
Table Xidesheng Bicycle Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure Xidesheng Bicycle Bicycles Business Region Distribution
Table OMYO Information List
Table Product Overview
Table OMYO Bicycles Revenue (Million USD), Sales (K Units), Ex-factory Price (USD/Unit)
Figure OMYO Bicycles Business Region Distribution
Table Emmelle Information List
Table Avon Cycles Information List
Table Tianjin Battle Information List
Table Cannondale Information List
Table Libahuang Information List
Table Specialized Information List
Table Trinx Bikes Information List
Table DAHON Information List
Table Cycoo Information List
Table Bridgestone Cycle Information List
Table Laux (Tianjin) Information List
Table Samchuly Bicycle Information List
Table Cube Information List
Table Pacific Cycles Information List
Table Derby Cycle Information List
Table Grimaldi Industri Information List
Table Gazelle Information List
Table KHS Information List
Table Forever Information List
Table Scott Sports Information List
Figure Global -2025 Bicycles Market Size (K Units) and Growth Rate Forecast
Figure Global -2025 Bicycles Market Size (Million USD) and Growth Rate Forecast
Figure Global -2025 Bicycles Sales Price (USD/Unit) Forecast
Figure North America -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Figure China -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Figure Europe -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Figure Southeast Asia -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Figure Japan -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Figure India -2025 Bicycles Consumption Volume (K Units) and Growth Rate Forecast
Table Global Sales Volume (K Units) of Bicycles by Type -2025
Table Global Consumption Volume (K Units) of Bicycles by Application -2025
Table Traders or Distributors with Contact Information of Bicycles by Region
Key Players
The competitive landscape of the bicycle industry is a mix of heritage brands with deep racing pedigrees and massive industrial conglomerates with optimized global supply chains.
-
Giant Bicycles: Based in Taiwan, it is arguably the world’s largest bicycle manufacturer, producing both its own branded products and acting as a major OEM for other global labels.
-
Hero Cycles: A dominant force in the Indian market and one of the world’s largest producers by volume, focusing on affordable mobility and expanding into the European premium market through acquisitions.
-
Trek: A leading North American brand that has become synonymous with innovation in mountain biking and professional road racing.
-
Specialized: A premium-tier manufacturer known for its research-heavy approach to aerodynamics and its cult-like following among enthusiasts.
-
Merida: Another Taiwanese titan that holds a significant stake in the global high-performance market, known for its advanced manufacturing facilities.
-
TI Cycles: A major Indian player providing a wide range of cycles for all age groups, holding a strong position in the South Asian commuter segment.
-
Shanghai Phonex and Flying Pigeon: Historic Chinese brands that maintain massive domestic volume, though they are increasingly modernizing their portfolios to compete with global lifestyle brands.
-
Cannondale: Renowned for its history of aluminum frame innovation and its unique "Lefty" suspension designs.
-
Trinx Bikes: A rapidly growing Chinese brand focusing on the mid-market segment with a strong presence in Southeast Asia.
-
Bridgestone Cycle: The market leader in Japan, focusing on high-quality city bikes and innovative belt-drive systems.
-
Cube: A significant European player, particularly in Germany, which has seen explosive growth in the mountain bike and trekking segments.
-
Pacific Cycles and KHS: Specialized manufacturers that cater to niche markets, including high-end folding bikes and specialty racing frames.
Segments
The market is categorized by the physical dimensions of the cycle and its intended functional utility.
-
By Type (Wheel Size):
-
20 Inch: Primarily targeting the children’s market and the folding bike segment, which is popular in high-density urban areas like Tokyo and Amsterdam.
-
24 Inch: Often serves as the transition size for teenagers or as a compact mountain bike platform.
-
26 Inch: Traditionally the most common size for mountain bikes and standard cruisers, though it is currently facing competition from larger diameters in the professional space.
-
27 Inch (and 700c): The dominant segment for road racing, gravel bikes, and modern cross-country mountain bikes, valued for superior roll-over capability and speed.
-
Others: Includes niche sizes such as 29-inch mountain bikes and 12/16-inch toddler cycles.
-
-
By Application:
-
Transportation Tools: The foundational segment, particularly in Asia and Europe, where bicycles are used for daily commutes and utility.
-
Recreation: Focuses on casual weekend riders, families, and tourism-related cycling.
-
Racing: A high-value, low-volume segment where aerodynamics, weight, and carbon fiber technology drive extreme price points.
-
Physical Training: A rapidly growing segment catering to fitness enthusiasts who use cycling as their primary form of cardiovascular exercise.
-
