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Bicycle Market Share

Report ID: GMI6748
Published Date: Sep 2023
Report Format: PDF

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Bicycle Market Share

Major companies operating in the bicycle market are

Trek Bicycle Corporation
Giant Manufacturing Co., Ltd.
Cannondale
Scott Sports
MERDIA BIKES
Tern Bicycles
Specialized Bicycle Components, Inc.
Fuji Bikes
Cube Bikes Colnago
GT Bikes

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bicycle reached USD 57.8 billion in 2022 and is set to register a CAGR of over 6% between 2023 and 2032, favored by the increasing awareness of health and fitness.

The men segment held around 48% of the market share in 2022, as men are early adopters and enthusiasts of various cycling disciplines including road cycling, mountain biking & racing.

Asia Pacific held a dominant market share of over 70% in 2022, due to rapid urbanization and increased congestion in cities across the region.

Trek Bicycle Corporation, Giant Manufacturing Co., Ltd., Cannondale, Scott Sports, MERDIA BIKES, Tern Bicycles, Specialized Bicycle Components, Inc., Fuji Bikes, Cube Bikes Colnago, and GT Bikes.