MARKET POTENCIAL
GLOBAL BICYCLE MARKET 2021-2025
The global Bicycle
The global Bicycle market was valued at US$ 30470 million in 2019 and is expected to reach US$ 39680 million by the end of 2026, growing at a CAGR of 3.8% during 2021-2026.
This report focuses on Bicycle volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Bicycle market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Global Bicycle Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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NUMBER OF BIKE COMMUTERS WILL DOUBLE BY 2022.
A recent study by Deloitte, one of the largest consulting firms in the world predicts that the number of bike commuters in many cities around world will double by 2022. |
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BICYCLE APP STATS
73 million total athletes
1.1 billion activity uploads
2 million athletes join every month
172,000 Strava Clubs created |
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MARKET GROWTH
Market growth will ACCELERATE at a CAGR of almost 9%
In 2020, the number of participants in road surface biking (United States) amounted to approximately 44.47 million. |
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THE YEAR-OVER-YEAR GROWTH
The year-over-year growthrate for 2021 is estimatedat 6,35% |
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INCREMANTAL GROWTH
Global market for bicycles is estimated to grow to $34.6 billion by 2027 |
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2 BILLIONS BIKES AROUND THE WORLD.
2 billion bikes (or more) are being used around the world, according to the World Economic Forum (WEF), and that number could rise to 5 billion by 2050. |
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