Global bicycle sales are projected to rise by 13.5 percent between 2023 and 2029. In 2023, the global market value of the bicycle industry was 61.7 billion U.S. dollars. The market is expected to continue to grow in the coming years and reach a value of 70 billion U.S. dollars in 2029.
Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029
(in billion U.S. dollars)
Characteristic
Market size in billion USD
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Data 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, and new bicycles, e.g., new road and racing bicycles, new off-road bicyclesÂ
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Statista. (April 1, 2024). Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Statista. "Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029 (in billion U.S. dollars)." Chart. April 1, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Statista. (2024). Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Statista. "Worldwide Bicycle Market Size from 2025 to 2023, with a Forecast from to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2024, https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Statista, Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/ (last visited September 01, 2024)
Worldwide bicycle market size from 2025 to 2023, with a forecast from to 2029 (in billion U.S. dollars) [Graph], Statista, April 1, 2024. [Online]. Available: https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
