U.S. bicycle market size
In 2014, the U.S. market for bicycles, bicycle parts and accessories was sized at a little over six billion U.S. dollars. This figure represents an increase of around 300 million U.S. dollars compared to the previous year. Although U.S.-based manufacturers like Trek, Specialized or Redline are popular bike brands in the United States, the majority of products are manufactured abroad: An estimated 99 percent of the 18 million bicycles sold in the United States were imported from Taiwan and China.
Whilst bicycling has faded as a pastime in recent years, it has grown as a sport. The gradual growth in sales of road bikes in comparison to the slow decline in sales of youth bikes suggests that bicycles are not seen as being just toys for children anymore, and while the number of young people who ride bicycles has declined between 2000 and 2013, the number of frequent adult cyclists has increased over this time period. At the same time, electric bikes have emerged as one of the largest growth segments as of late: In 2014, some 276,000 electric bicycles were sold to customers in the United States. This figure is projected to grow to 400,000 units by 2016.