North America Bicycle Market Outlook, 2026

According to the " North America Bicycle Market Outlook, 2026" published by Bonafide Research, the North America Market was valued at USD 11.60 Billion in the year 2015. The USA, Canada, and Mexico are the three major bicycle markets of the North American region, and the number of cyclists in this region has flourished for the past two decades. The increasing number of cycling events and favorable government and employer initiatives are expected to drive the market, at a rate of less than 4% in the forecasted period.

North America has to put much more emphasis on the use of E-bikes. It is a cleaner, greener way of commute and companies like iZip bikes, X-treme electric, and Specialised Inc are moving in the direction that may boost the E-bike market. The standard bikes in the other section cover the largest market in terms of volume and 1/4th in terms of value in the year 2020. Mexico, Caribbean countries, and other countries have been contributing to this section of bicycles and are estimated to grow by 1-2% by the year 2026, both in terms of value and volume as well.

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On average, there are 1.88 vehicles per U.S. household, according to the US department of transportation. Undoubtedly, it has the largest market share in terms of both value and volume. High per capita income and a better standard of living make the US a perfect market for many bicycle-manufacturing companies. Innovation, branding, and the attempt to acquire the rest of the North American region would be a brilliant strategy for the bicycle manufacturers in the North American bicycle market.

The demographic segmentation of the North American bicycle market shows the potential in kid and women bicycle market share in terms of both value and volume. In developed countries like the US and Canada women and kids' bicycles also showing great potential. The men's bicycle has a market share of over 40% in terms of value, which is very prominent in the region.

The North American bicycle market is highly fragmented and comprises many international and regional players. Key players, like Accell group, Trek Bicycle Corporation, and Giant Manufacturing Co. Ltd., dominate the market. Moreover, the companies are diversifying their bicycle portfolio by launching bicycles, which are being targeted specifically toward women riders and kids, thus, making them more consumer-centric.

Companies Mentioned:
Accell Group, Bridgestone, Dorel Industries Inc., Giant Bicycles, Merida Bikes International, Scott Sports, Specialized Bicycle Components, Inc

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CONSIDERED IN THE REPORT

• Geography: North America
• Base year: 2019-20
• Historical year: 2014-15
• Forecasted year: 2025-26

REGIONS COVERED:
• United States
• Canada
• Mexico
• Rest of North America
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2020-2025)
• Market Share by Type of Bicycle (2020 & 2026F)
• Market Share by Demography (2020 & 2026F)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Region (2020 & 2026F)
• Market Share by Country (2020 & 2026F)

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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. In house, we have published 3500+ high quality research reports with major focus on Indian market. Our client base consists of BCG, Ernst & Young, PwC, McKinsey & Company, Inflexion, Nestle, Unilever, Crompton Greaves, SRF, CPF, Aramax.

Global Bicycle Market | Asia-Pacific Is The Fastest-Growing Region In The Global Bicycle Market, Holding A Share Of Over 45% By Volume Terms In The Year 2020: Bonafide Research

 

Global Bicycle Market Outlook, 2020-25, published by Bonafide Research, is segmented by Type (Road Bicycle, Mountain Bicycle, Hybrid Bicycle, E-Bicycle , and Others); by Demographic (Men, Women, and Kids), and by Geographic Region. The global bicycle market was recorded at a value of USD 43.95 Billion in the year 2015, which is projected to grow at a CAGR of over 2% during the forecast period of 2020 - 2025. Drivers of the bicycle market are buyers shifting preference toward cycling as a sport, leisure, and cardio activity.

While the mountain bikes dominate the market by value, the road bikes dominate by volume. Even though the mountain bikes have a considerable fan globally, the price of the segment is higher than the road bikes, and the demand is limited to the professional and adventure riders. Thus, the mountain bikes are being recorded to hold a share of over 25% by value and less than 25% of the market by volume. Moreover, rapidly progressing infrastructure spending is also taking the form of establishing e-bike recharge stations and increasing bicycle parking and hiring stations, especially near metro stations to ease multimodal transportation is thus driving the overall market.

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The Middle East & Africa region which is expected to have the highest share contribution by the hybrid bicycles in the forecasted period. Asia-Pacific is the largest and also the fastest-growing region in the global bicycle market. China, Japan, Australia, India, and South Korea are some of the top contributing countries in the region. Moreover, these countries have started hosting numerous cycling tournaments, which, in turn, will increase the popularity and demand for sports bicycles. In addition, there’s a rise in women’s participation rate and government initiatives that are likely to boost the demand for bicycles in the region. Owing to such increased demand, bicycle companies in the market are launching innovative bicycles and accessories, which will lead to significant market growth during the forecast period.

Increasing the application base of bicycles in trekking and recreational activities, coupled with a soaring number of cycling events will specifically uplift the demand for sports bicycles in the future. However, Greater availability and a growing market of refurbished bicycles are the challenges of the market. For example in the USA, people use bikes for slimming and better feeling because cycling burns 600 calories an hour, but in China or other countries people use bikes mostly for transportation needs. For these reasons in some countries bikes are especially popular.

We provide 10% free customization with this report, we have considered covid-19 effect for year 2020 and in forecast period.

Major Companies Present in the market

The key players of the Global Bicycle Market are Abici, A-Bike, Accell Group, Amer Sports, Atlas Cycles Limited, Avon Cycles Limited, Bridgestone, Caloi, Camplagnolo, Cannondale, Cervélo Cycles, Cube Cycles, Curtlo, Derby Cycle, Dorel Industries Inc., Firefox Bikes Private Limited, Fuji-ta, Giant Bicycles, Hero Cycles Limited, Maxcom Ltd., Merida Bikes International, Orbea, Santa Cruz Bicycle, Scott Sports, Specialized Bicycle Components, Inc, STRiDA, XDS Shenzhen Xidesheng Bicycles Co.

Considered in this report

• Geography: Global
• Base Year: 2019-2020
• Estimated Year: 2014-2015
• Forecast Year: 2025-2026

The following aspects are covered in the report "Global Bicycle Market Outlook, 2026"

·        Market Size By Value for the time period (2015-2026F)

·        Market Size By Volume for the time period (2020-2025)

·        Market Share by Type of Bicycle (2020 & 2026F)

·        Market Share by Demography (2020 & 2026F)

·        Market Share by Sales Channel (2020 & 2026F)

·        Market Share by Region (2020 & 2026F)

·        Market Share by Country (2020 & 2026F)

·        Market Share by Company (2020)

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Table of contents

·        1 Executive Summary

·        2 Report Methodology

·        3 Global Bicycle Market Outlook (Market Size, Market Share)

·        4 North America Bicycle Market Outlook (Market Size, Market Share)

·        5 Europe Bicycle Market Outlook (Market Size, Market Share)

·        6 Asia Pacific Bicycle Market Outlook (Market Size, Market Share)

·        7 Latin America Bicycle Market Outlook (Market Size, Market Share)

·        8 Middle East & Africa Bicycle Market Outlook(Market Size, Market Share)

·        9 Market Dynamics

·        10 Market Trends & Developments

·        11 Competitive Landscape

·        12 Disclaimer

·        13 Recommendation

About US:

Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. In house, we have published 3500+ high quality research reports with major focus on Indian market. Our client base consists of BCG, Ernst & Young, PwC, McKinsey & Company, Inflexion, Nestle, Unilever, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.

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