The bicycle market in the United States is projected to grow over the coming years, with growth rates between 1.9 and 7.1 percent forecast between 2023 and 2027. This follows two years of decreasing market size in 2021 and 2022. However, market growth is not projected to reach levels recorded during the first year of the COVID-19 pandemic, when more than 50 percent market growth was recorded.
Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027
Characteristic
Bicycle market revenue growth
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The analysis includes road and racing bicycles such as cruiser, standard, gravel road-, touring-, and fixed gear bikes; Off-road bicycles such as mountain bikes and cyclocross bikes; Special purpose bicycles such as folding-, BMX-, recumbent-, cargo, and kid´s bikes; Electrical and hybrid bicycles; Bicycle supplies such as bags, locks, separate bicycle baskets; Bicycle spare parts such as bicycle tubes, bicycle tires; New bicycles, e.g., new road and racing bicycles, new off-road bicycles.
Motorcycles, scooters, mopeds; Secondhand bicycles; Bike-sharing bicycles; Rented bicycles are out of scope of the analysis.
Data is an estimae modelled by Statista.
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Statista Mobility Market Insights. (April 1, 2023). Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/
Statista Mobility Market Insights. "Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027." Chart. April 1, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/
Statista Mobility Market Insights. (2023). Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/
Statista Mobility Market Insights. "Bicycle Market Revenue Growth in The United States from 2016 to 2022 with a Forecast through 2027." Statista, Statista Inc., 1 Apr 2023, https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/
Statista Mobility Market Insights, Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027 Statista, https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/ (last visited June 18, 2024)
Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027 [Graph], Statista Mobility Market Insights, April 1, 2023. [Online]. Available: https://www.statista.com/statistics/1405940/bicycle-revenue-growth-forecast-us/