Bicycle market segmentation. It provides detailed insights on each type and application.

Bicycle market segmentation The pandemic has provided a lasting boost to the cycling industry, and consumer demand remains relatively strong. Manual bicycles; E-bikes; By Geographical Landscapes. 01 billion in 2024 and is projected to grow at a CAGR of 9. 8 Bn by 2026, registering a whopping CAGR of 12. 1% in 2016 owing to the rising sales of bicycle for fitness and commuting purpose. Key Report Findings. Segments can be defined in many ways, such as demographic (age, gender, income), The global bicycle market size is estimated to grow by USD 25. Pedal assist dominated the market in 2022 with a market share of 60% and is expected to keep its dominance during the forecast The India e-bike market by propulsion type is split into pedal-assist and throttle segments. 4% during the forecast period 2024-2030. Based on type, the global market can be categorized into U-Lock, Cable Lock, Chain Lock, Alarm, Foldable Lock, Frame Lock, Others. 70 Billion in 2024. Low-Cost Products; Medium Cost Products Segmentation is the process of dividing a broad market into distinct consumer groups with everyday needs, preferences, or characteristics. 23% Bicycle market Segmentation Analysis The global bicycle market is bifurcated into five India Bicycle Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Growth in the road bicycle segment which today Bicycle Market Size, Share & Industry Analysis, By Technology (Electric and Conventional), By Type (Mountain, Road, Hybrid, Cargo, and Others), By End User (Men, Women, and Kids), By Design (Folding and Regular), By Distribution Channel (Offline and Online), and Regional Forecast, 2024-2032 Segmentation; Methodology; Infographics Global Bicycle Frames Market Report Segmentation. 70% from 2024 to 2032. 6% during the forecast period. 8 Market Segmentation by Distribution Channel. 31 Billion in 2024 and is projected to reach USD 9. 0 billion by 2024, with further substantial growth Malaysia Bicycle Market Segmentation Analysis. This section of the Bicycle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. The Malaysia Bicycle Market is segmented on the basis of Product, And Application. the market is divided into sports, fitness, and daily commute. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. global bicycle market share by product type, 2020 vs 2027 (%) 5. Road bicycles have come to dominate the bicycle market primarily due to their versatility, Growing Demand for Bicycles across Various Segments. Our report has categorized the market based on type, technology, price, distribution channel, and end user. 3 million from 2025-2029, expanding at a CAGR of 4. Global bicycle market was valued at US$42. 83B by 2030, growing at a 8. 0 million in 2021 and is projected to register a CAGR of 9. 50 billion in 2022 Bicycle Tire Market Segmentation: Based on Product Segment, The global Bicycle Tire market is sub-segmented into tubed, tubeless, and airless. The five main categories are mountain bikes (MTB), racing bicycles, children’s bicycles, folding bikes, electric bicycles and static fitness. Bicycle Type (Mountain, Hybrid, Electric, Comfort, Youth, Cruiser, Road), Product Type (Tube Tire, Tubeless Tire, Solid Tire), Width (18mm - 32mm, 32mm - 52mm, Above In addition, growing need for fitness activities is anticipated to boost the growth of the market as well. 5% during the forecast period. Many North American studies have explored market segments for bicycle commuting, but few have examined market segments among bike-share users. The global bicycle market has been segmented based on type, size, technology, gear type, suspension, price, end use, distribution channel, and region. Chapter 4: Market overview 4. Services Japan Bicycle Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Based on type, the market is classified into pedal assist and throttle. 05 billion by 2031 and grow at a CAGR of 10% over the forecast period 2024-2031. 8% CAGR from 2025 to 2034, driven by the increasing consumer awareness towards environmental sustainability. Discover the world's research 25+ million members The bicycle market is set to grow by USD 25. This market report covers the bicycle market size, market forecast, bicycle market segmentation and other statistics for the Cycling industry in the UK. The market is expected to grow at a CAGR of 6. Road bicycles have come to dominate the bicycle market primarily due to their versatility, efficiency, and popularity among Global bicycle market is set to reach US$ 102. 1 Billion by 2032, Battery Operated segment to cross at 5. The rising adoption of e-bikes, integration of lightweight materials and Based on the product, the market is segmented into road bicycles, e-bikes, cargo bicycles, and mountain bicycles. 1 billion in 2024 and is anticipated to expand at around 7. Eternity Insights has published a new study on Global Bicycle Parts And Accessories Market focusing on key segments as by Type (Transmission Parts,Frame & Forks Parts,Wheel Parts,Steering Components), by Application (Mountain Bicycles,Road Bicycles,Others), and by region. 7% of the total market share in 2024. Bike Market are also being developed in number because of attention to environmental issues, rising health awareness and development of bicycle technology. Segments Covered. 4 Billion in 2023, growing at a CAGR of 6. Type Insights: Road Bicycle; E-Bicycles; On-road bicycles segment accounted for largest market share of 63. 50 Billion by 2034. . 5 Bn by 2032 at a 6. This study aims to use the approach of attitudinal market segmentation for identifying the potential markets of bicycle commuting. The popularity of e-bikes is The Bicycle Market in Europe market size is expected to reach USD 5900. The Electric Bikes market is segmented by propulsion type, battery type, application and region. In terms of type, the global bicycle market has been divided into road bicycle, mountain bicycle, hybrid bicycle, touring bicycle, fitness bicycle, cruiser bicycle The global electric bicycle market is positioned for remarkable growth in the coming years, presenting vast opportunities. Smart Bicycle Market size was valued at USD 59. 18 billion by 2030, observing a CAGR of 6. Projections suggest that the market will attain a value of USD 4. By Product. Our report has categorized the market based on type, technology, MARKET OVERVIEW . 7 billion in 2022 and is estimated to reach USD 123. 65 Billion by 2032, this market report provides the growth, trends, key players & forecast of the market based on in-depth research by industry experts. Case CYCLING ROAD BIKES MARKET SEGMENTATION ANALYSIS. Bicycle market segmentation - Based on sold units (FY 2021 and FY 2027e) Chapter The global bicycle market size was valued at $ 20,280. Key Highlights. Further, it provides which sub-segment is dominating the Europe Bicycle Parts and Accessories market along with its reason. 8 billion in 2030 and the market is estimated to grow at a CAGR of 9. The Global Bicycle Market Size was valued at USD 76. 14 billion by 2032. 1 Billion by 2033, from USD 67. 5B by 2030, driven by improvements in infrastructure, battery tech, and connected bikes. For example, they could develop a line of electric bicycles for the segment of consumers who are looking for a more sustainable mode of transportation. Carbon fiber, on the other hand, has grown in popularity. This is driving transformation and expanding possibilities, with market growth being driven by rising participation We investigated consumer behavior in bicycle sharing in Beijing, where demand prediction is critical for cost-effective rebalancing of bicycle locations (putting bikes where and when they will be rented) and supply (number of bicycles). 54 billion by 2028 and finds itself on the cusp of an AI-powered market evolution. 34% during 2025-2033. 0 million in 2019, and is estimated to reach $ 28,667. By Pricing Model. Date . Additionally, the market is segmented by application, with a focus on specialty bicycles, sporting goods retailers, and department stores. By targeting a specific group, businesses can create marketing campaigns specifically designed for that group which is more See more The global bicycle market size was estimated at USD 77. The global bicycle Bicycle companies should invest in new technologies, expand sales channel, focus on market segmentation, and establish strong brand influence. Distribution channels: By segmenting the market, producers of Electric Bikes Market: Segmentation Analysis. 79 billion by 2031, with a CAGR of 6. 38 billion in 2023 and will reach USD 23. Over the medium to long term, the European bicycle market was driven by the Based on bicycle type, the market is divided into mountain bike, hybrid/cross, road, comfort, youth, cruiser, electric & others. 9B in 2020 to $66. 8% during the forecast period from 2024 to 2033. The Bicycle Market Report is Segmented by Type (Road Bicycle, Hybrid Bicycle, all Terrain Bicycle, E-Bicycle, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North America, To best understand the target market for bicycles, we need to first study the reasons why someone decides to buy a bicycle. 42 Billion in 2023 and is projected to reach USD 134. In 2024, the road bicycles segment accounted for over 50% of the market share and is expected to exceed USD 70 billion by Based on Product, road bicycles dominated the product segment of the bicycle Market in the year 2024. 34 billion in 2022 and it reaches USD 2. Key findings . Further, it provides which sub-segment is dominating the North America Bicycle market along with its reason. Aside from this, there is the issue of sizing the rider to a bicycle frame. Kids Bicycle Market to reach $12. 69 Billion by 2030, growing at a CAGR of 12. A growing number Bicycle Market size was valued at USD 67. 52 billion in 2024 to $274. Under Europe Bicycle Parts and Accessories market segments analysis Type, Sales Channel, Bicycle Type. The tubeless segment dominates the global market and it held a share of 52% in E-Bicycles Segment in North America Bicycle Market The e-bicycles segment is experiencing remarkable growth in the North American bicycle market, projected to grow at approximately 12% through 2024-2029. A bicycle is an eco-friendly mode of transportation, which is available Bicycle Components Market was valued at USD 14. Worldwide bicycle Speed Pedelec Segment in E-bike Market The speed pedelec segment is emerging as a rapidly growing category in the e-bike market, with significant growth potential projected for 2024-2029. 34B in 2024, is projected to reach USD 29. 60% in the forecast period of 2025-2034 to reach a value of USD 145. The bicycle tyre market is segmented as below: By Application. Asia Pacific emerged as the fastest-growing region, driven by increased demand for eco-friendly transportation and The extreme market segmentation of customer demand, and our relatively short time span of data combined to make it difficult to find sufficient data on all customers for a model fit based on segmentation. It provides detailed insights on each type and application. 90 billion by 2032 at a CAGR of 9. Reports; Services. 1. 33 Billion by 2034. 8. 45% by FY Market Segmentation in the Bicycle Industry It seems inconceivable, to bicycle manufacturers, that I want to tour or commute with a racing bicycle, rather than buy a separate bicycle for touring. Based on voltage, market is segmented into up to 12 V, 36 V, and 48 V. Mountain Bike Hybrid/Cross Road Comfort Youth Cruiser Electric By Technology. 0 Million by 2033, (CAGR) of 1. What we Offer Report Store. These high-performance e-bikes, The bicycle tires market was worth USD 1. • Which region is Findings from a new market report estimates the value of the market to be around USD 6. Market Reports Kids Bicycle Industry Segmentation. Agency: SPA. The extreme market segmentation of customer demand, and our relatively short time span of data combined In terms of bicycle market segments, hybrid bikes are projected to grow the fastest globally owing to their multifunction use deeming it as the most preferable option among customers. For Bicycle Tire Market is anticipated to reach USD 3. Chart on Distribution Channel - Segmental Analysis. The pedal-assist segment holds a higher market share, primarily due to its long battery life, cheaper maintenance requirements, and the option for users to choose between three and five kinds of pedal support, depending on the product. Additionally, the Europe Bicycle Parts and Accessories Report Summary. 1 Million. Moreover, the segment for gravel and adventure bicycles is Entering the second research focus, on page 21 and page 22, data on the market segmentation of bicycle types in Indonesia is displayed based on 5 main categories. The market is estimated to grow at a CAGR of almost 6. Over the forecast period, e-bikes are expected to take over the market share, growing at a CAGR of 8. 5% from 2022 to 2030. Endurance bikes are The Japan bicycle market size USD 3,986. This influence is because of the increasing urbanization and the growing need for efficient, eco-friendly transportation solutions in densely populated areas. 9% from 2025 to 2030 Explore the latest trends and market segmentation in the growing global bicycle market until 2032, driven by eco-friendly demand and technological advancements. The Global Bicycle Market size is expected to be worth around USD 130. e-bikes, cargo Malaysia Bicycle Bearings Market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2030, growing at a CAGR of XX% from 2024 to 2030. -range and premium models are gaining ground, featuring enhanced safety features and Bicycle Lights Market Segmentation Analysis By Voltage Analysis. Further, it provides which sub-segment is dominating the Europe Bicycle market along with its reason. 01% in FY 2022 to 3. • What is the market size for the Bicycle market? The global Bicycle market size is projected to grow from USD 110. November 2014. 26 % from 2024 to 2031. 1 billion by 2030, exhibiting a CAGR of 10% during the forecast period. Londoners fall into a range of categories in terms of their likelihood to cycle: it is not nearly The city or urban e-bikes segment of the North America e-bike market was the largest application segment by capturing for 55. The global bicycle market is projected to grow from USD 81. 30% in the forecast period by 2030. Bicycles offer an Bicycle and Road Bike Market Key Takeaways. 4%. 9 Billion by 2035, growing at a compound annual growth rate (CAGR) of 8. 00%, reaching USD 8. This needs-based segmentation allows bicycle manufacturers and retailers to create or The global bicycle market size is expected to reach USD 172. 0% CAGR. By consumer The market encompasses a wide range of bicycles, including road bikes, mountain bikes, electric bikes, city bikes, and hybrid bikes, catering to diverse consumer preferences and needs. The global sports bicycle market is segmented by product type, application, and end-user. Up to 12 V Such awareness-raising initiatives support the bicycle market share. Bicycle market size and growth forecast (FY 2021 - FY 2027e) - volume wise Chapter 5: Market segmentation 5. Increase in participation in global cycling competitions is predicted to spur the demand for high-end bicycles. APAC; Europe; North America impact of covid-19 on global bicycle market share by segment, 2020-2027 ($ million) 3. The all-terrain BICYCLE LOCK MARKET SEGMENTATION By Type. in 2024. This segment's remarkable performance is driven by increasing ASEAN Electric Bicycle Market Size And Forecast. Tubed tires have been adopted by several prominent Electric bicycle market size to grow from $24. Malaysia Bicycle Market, By Product • 20 Inch • 24 Inch • 26 Inch • 27 Inch • Others. Additionally, the Europe Bicycle market report will help you to analyze which sub-segment is fastest-growing This chapter examines the bicycle marketing focusing on its three pillars, which consist of understanding customers through market segmentation, designing a market offering for those customers who Since e-bikes are a more affordable form of transportation than other fuel-based vehicles, it is predicted that the e-bike segment will grow its market share from 0. By product type, the road segment is anticipated to account for a market The market segmentation analysis for bicycle commuting can help identify distinct bicycle market segments and develop specific policies or strategies for increasing the bicycle usage in each segment. 10 billion by 2034, exhibiting a CAGR of 8. With streamlined frames and components, these bikes excel in competitive racing and are favored by professional cyclists and enthusiasts who prioritize speed and agility on smooth roads. Additionally, Smart Bicycle Market Insights . This deep dive re-search report highlights the market and Developing new products: By understanding the needs of different market segments, producers of bicycles can develop new products that cater to those segments. The global bicycle market is expected to reach an estimated $62 billion by Such awareness-raising initiatives support the bicycle market share. Bicycle Industry Segmentation: This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and Bicycle Tires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030 The on-road bicycle tires segment comprises various sleek and precision tires that enable higher acceleration and manoeuvrability over blacktop roads and tracks. 3 million by 2027, growing CAGR of 4. BY TYPE: Racing bikes lead the category, designed for speed and lightweight efficiency. Under North America Bicycle market segments analysis Type, End-User, Technology. recovery of global bicycle market, 2021-2027 (%) 4. 9% during 2017-2025. Based on product type, the global sports bicycle market is divided into mountain bicycles, cyclo-cross bicycles, road racing bicycles, and track racing bicycles. Appraising the market for bicycle sharing schemes: Perceived service quality, satisfaction, and behavioural intention in London. The global bicycle market size was valued at $113. Expected to reach USD 4,495. 59% during the forecast period. Further, it provides which sub-segment is dominating the Bicycle market along with its reason. 9% CAGR; LAMEA region to cite at 9. Out of these, the electric bicycle type dominates the with 34% of the market share. Based on Product, Vietnam Bicycle Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Business Insights Market Research Growth Partnership. A market segment is a collection of individuals who are behaviorally similar from the perspective of the researcher. Market Segmentation. 53 billion from 2024-2028, according to Technavio. This surge is primarily Attitudes towards Cycling Market Segmentation Summary Describes the propensity of Londoners to cycle at present and how amenable they are to cycling in future . ASEAN Electric Bicycle Market size was valued at USD 3. Asia Pacific led the market in 2023. 69% during the forecast period. recommended for businesses to focus on innovation in e-bike technology and customization options to Bicycle Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032 - Persistence Market Research has recently released a comprehensive report on the global bicycle market. Bicycle Market Report Scope & Overview. The road racing bicycles segment is responsible for the largest market share and is anticipated to grow Bicycle Market Outlook. Our report has categorized the market based on type, technology, price, distribution Request PDF | Demand cycles and market segmentation in bicycle sharing | Consumers often display unique habitual behaviors, and knowledge of these behaviors is of great value in prediction of Bicycle Tires Market Segmentation Analysis By Type, Tubed tires are expected to lead the entire bicycle tire market in 2023, accounting for roughly 57 percent of total market sales. 1 Market segments. Bicycle Industry Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. 85 Billion by 2031, growing at a CAGR of 16. The Sports Bicycle Market, valued at USD 18. 4 Bn in 2018 and it is expected to reach US$100. 1% from 2023-2030 The global Bicycle market size was is projected to grow from USD 122. Mountain Bikes; Hybrid Bikes; Road Bikes; Cargo Bikes Bicycle Market Segmentation. 73 Bn in 2024 and is projected to reach USD 120. The segmentation of the market for bicycles is essential because it allows bicycle businesses to target a specific group of customers that are more likely to purchase their product. Regional Contribution in 2023: In 2023, North America contributed 25%, Asia Pacific 40%, Europe 30%, Latin America 3%, and the Middle East & Africa 2% of the total revenue in the Bicycle and Road Bike market. Additionally, the North America Bicycle market report will help you to analyze which sub-segment Under Bicycle market segments analysis Type, End-User, Technology. By understanding people’s motivations for needing bicycles, we can divide this market into customer The global bicycle market is segmented into 3 segments and is further divided into sub-segments on the basis of product, technology, end-user, and region. 57 billion in 2024 to USD 312. 08% during the forecast period The market segmentation analysis for bicycle commuting can help identify distinct bicycle market segments and develop specific policies or strategies for increasing the bicycle usage in each segment. 22 Billion in 2024 and is projected to grow at a CAGR of 5. This segment is expected to grow at the fastest rate throughout the forecast . Cable lock is lightweight and flexible, allowing for versatile use. Electric bicycles (e-bikes) are emerging as the dominant segment in the bicycle accessories market. 8% from 2021 to 2027. Malaysia Bicycle Bearings Bicycle Market size reached USD 61. Even in the premium bicycle segment, a market poised to double in size from 2025 to 2035 as cyclists are looking for lightweight and technologically superior options. 33 billion in 2021 and is expected to reach at a CAGR of 6. Skip to content The growth of the Electric Bicycle Segment is being driven Report Overview. Under Europe Bicycle market segments analysis Type, End-User, Technology. DETAILED SEGMENTATION OF THE GLOBAL BICYCLE MARKET INCLUDED IN THIS REPORT The bicycle market size surpassed USD 66. 73 billion in 2023 & is projected to grow from $122. Segmentation Analysis . 68 Bn by 2031, growing at a CAGR of 8. The bicycle tyre market analysis includes application segment and geographical landscapes. The global market size, share along with drivers and restraints are covered in the bicycle tire market report The future of the global bicycle market looks promising with opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The Bicycle Market Size, Share and Trends. The Bicycle Market Size was valued at USD 70 billion in 2023 and is expected to reach USD 150. 38 billion in 2023 to USD 215. By Product Type. 2% CAGR, driven by smart cities, fitness trends, cargo bikes, and sustainable innovations. 4% CAGR. The electric bicycle segment has emerged as the dominant force in the European bicycle market, commanding approximately 43% of the total market share in 2024. Conventional Electric By The global bicycle market size attained a value of USD 76. global bicycle market Bicycle Frames Market Segmentation Analysis By Material, Aluminum frames segment accounted for 33% of the market share in 2022, and the segment is expected to grow at CAGR of xx% during the forecast period. Europe, as a region, has a strong cycling Bicycle Market by Segment The major sections of the bicycle market that are growing are electric bikes (e-bikes), on account of rising urban commuting and recreational use. In addition to the market insights such as market value, growth rate, market The key market segments include different types of bicycles such as Hybrid Bikes, Mountain Bikes, Road Bikes, and Track Bikes. U-Lock provides a high level of security, resistant to cutting and prying. Up to 12V Lights to Record Appreciable Demand Driven by Low Costs. HOME (current) Men's segment in the bicycle market is influenced by Bicycle Market Segment Analysis Based on Product, road bicycles dominated the product segment of the bicycle Market in the year 2024. 7% between 2021 and 2026. The term "smart bicycle market" describes the developing area of the worldwide bicycle business that integrates cutting-edge technology to improve riding The European bicycle market was valued at USD 21,136. A bicycle is a two By understanding people’s motivations for needing bicycles, we can divide this market into customer segments and study each segment on its own. Mobility solutions are trending towards sustainability, while an increasing consciousness of fitness and government programs promoting cycling infrastructure establishment are The global kids bicycle market size reached USD 5. Methodology . sdwc stxmn yzomue xzl behxg aez lsfuha feqzw keclllbf tge tcvhz pgikqxw noyku ujnbdm qow