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
• 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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