Global Bike Market is estimated to be valued at USD 63 Bn in 2025 and is expected to reach USD 125 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.28% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 63 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
10.28%
2032 Value Projection:
USD 125 Bn
It has witnessed significant growth in recent years, driven by increasing environmental concerns, urbanization, and the need for sustainable transportation solutions. Bicycles are emerging as a popular alternative to traditional motorized vehicles, offering numerous benefits such as reduced carbon emissions, improved health and fitness, and cost-effectiveness.
The market encompasses various types of bikes, including road bikes, mountain bikes, hybrid bikes, and electric bikes, catering to a wide range of consumer preferences and riding styles. As governments worldwide implement policies to promote cycling infrastructure and encourage bicycle commuting, the bike market is poised for further expansion in the coming years.
Market Dynamics:
One of the primary drivers is the growing awareness about the environmental impact of motorized vehicles, leading to a shift towards eco-friendly transportation options like bicycles. Additionally, increasing health consciousness among consumers has fueled the demand for bikes as a means of exercise and fitness.
Urbanization and traffic congestion in cities have also contributed to the growth of the bike market, as bicycles offer a convenient and efficient way to navigate through crowded streets. However, the market faces certain restraints, such as the lack of proper cycling infrastructure in many regions, safety concerns, and the availability of alternative modes of transportation.
Despite these challenges, the bike market presents significant opportunities for growth, including the rising popularity of e-bikes, which combine the benefits of traditional bicycles with electric power assistance. The integration of advanced technologies, such as lightweight materials, smart features, and connected devices, is also expected to drive innovation and attract new customers to the market.
Key Features of the Study:
This report provides in-depth analysis of the bike market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It highlights potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the bike market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Garri Bike, Merida Industry Co., Ltd, Axalko Bikes, Dorel Industries Inc., BH Bikes, Accell Group, Giant Bicycles, Avon Cycles Ltd., Atlas Cycles (Haryana) Ltd., Orbea, Mammoth Bikes, Hagen Bikes, Cervelo, Trek Bicycle Corporation, Egurra Bikes, Specialized Bicycle Components, Inc., SCOTT Sports SA, and TI Cycles of India.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the bike market
Market Segmentation
Type Insights
Mountain Bikes
Hybrid Bikes
Cargo Bikes
Road Bikes
Others
Design Insights
Folding
Regular
Technology Insights
Electric
Conventional
Distribution Channel Insights
Online
Offline
End Users Insights
Men
Women
Kids
Regional Insights
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Garri Bike
Merida Industry Co., Ltd
Axalko Bikes
Dorel Industries Inc.
BH Bikes
Accell Group
Giant Bicycles
Avon Cycles Ltd.
Atlas Cycles (Haryana) Ltd.
Orbea
Mammoth Bikes
Hagen Bikes
Cervelo
Trek Bicycle Corporation
Egurra Bikes
Specialized Bicycle Components, Inc.
SCOTT Sports SA
TI Cycles of India
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Bike Market, By Type
Global Bike Market, By Design
Global Bike Market, By Technology
Global Bike Market, By Distribution Channel
Global Bike Market, By End Users
Global Bike Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Bike Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Mountain Bikes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Hybrid Bikes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Cargo Bikes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Road Bikes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Bike Market, By Design, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Folding
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Regular
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Bike Market, By Technology, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Electric
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Conventional
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Bike Market, By Distribution Channel, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Online
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Offline
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Bike Market, By End Users, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Men
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Women
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Kids
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
9. Global Bike Market, By Region, 2020 - 2032, Value (USD Bn)