Bicycle Market: Changing Consumer Preferences Transforming the...

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2026-10-14 13:49:37 -

Bicycle Market: Changing Consumer Preferences Transforming the Global Cycling Industry

The bicycle market is being propelled by electrification, urban congestion and expanding cycling networks. Valued at USD 76.87 billion in 2024, the market is projected to reach USD 84.05 billion in 2025 and USD 191.35 billion by 2034, growing at a CAGR of 9.57% during the forecast period 2025–2034. Key players include Accell Group, Atlas Cycles Ltd., Avon Cycles Ltd., Cervelo, Dorel...

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