U.S. Bicycle Industry - Statistics & Facts

U.S. Bicycle Industry - Statistics & Facts

Statistics and Facts about the U.S. Bicycle Industry

In 2015, the U.S. market for bicycles was sized at around six billion U.S. dollars. 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: Around 99 percent of bicycles sold in the United States are imported from China and Taiwan. Between January and April 2014, 26-inch bicycles formed the most important category of U.S. bicycle imports.

Around 17.4 million units of bicycles were sold in the U.S. in 2015. Mountain bikes were the biggest sellers in 2012, with a quarter of all specialty bike sales falling into this category. This trend can be explained by the fact that whilst bicycling has faded as a pastime in recent years, it has grown as a sport. Moreover, 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 anymore as being just a toy for children, and while the number of children who ride bicycles has declined more than 20 percent between 2000 and 2010, the number of frequent adult cyclists has increased by 12 percent over this time period.

By 2016, some 400,000 units of electric bikes are expected to be sold to customers in the United States. About 47.6 billion e-bikes are projected to be sold globally in 2018, an estimated 42.4 million of which will be sold in China alone. The rise of electric bikes compared to the overall dent in the value of the market in recent years suggests that the U.S. market is selling fewer but more expensive bikes, with the average value of imported bikes increasing by 96 percent since 2000.

Photo: sxc.hu / Idesign-er

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