Bicycle Market

Bicycle market: get new statistics empowered by an Ai-driven market intelligence platform. Information include market prices, imports, companies, market size, consumption, trade, exports, and production. There is a breakdown by region, including Africa, the U.K., the U.S., EU, Russia, China, the Middle East, and Latin America. Market trends and forecast to 2030 are also featured in the reports.

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Bicycle - World's Largest Markets

In value terms, the United States, China and India appeared to be the countries with the highest levels of market value in 2020, with a combined 32% share of the global market. Bangladesh, Japan, the Netherlands, Germany, Indonesia, Italy, Russia and Thailand lagged somewhat behind, together comprising a further 29%.

Indonesia recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while bicycle market for the other global leaders experienced more modest paces of growth.

Bicycle Prices

Bicycle - Top Importers

In value terms, the largest bicycle importing markets worldwide were the United States ($1.5B), Germany ($826M) and the Netherlands ($790M), with a combined 34% share of global imports. These countries were followed by Japan, the UK, France, Austria, Russia, the United Arab Emirates, the Philippines, Thailand, Iraq and Nigeria, which together accounted for a further 25%.

In terms of the main importing countries, Nigeria (+91.7% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Bicycle - Top Exporters

In value terms, China ($3.7B) remains the largest bicycle supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Taiwan (Chinese) ($1.3B), with a 13% share of global exports. It was followed by the Netherlands, with a 8.6% share.

From 2018 to 2020, the average annual growth rate of value in China amounted to +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.5% per year) and the Netherlands (+38.1% per year).

Bicycle - Market Forecast

Driven by rising demand for bicycle worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Bicycle - Top Companies

YAMAHA MOTOR CO., LTD., Harley-Davidson, Inc., HERO MOTOCORP LIMITED, ASTRA HONDA MOTOR, PT, BAJAJ AUTO LIMITED, HONDA MOTORCYCLE AND SCOOTER INDIA PRIVATE LIMITED, THAI HONDA MANUFACTURING COMPANY LIMITED, SHIMANO INC., GIANT MANUFACTURING CO., LTD., Loncin Motor Co., Ltd., PIAGGIO & C. SPA, KTM AG, Aima Technology Group Co., Ltd., SANYANG MOTOR CO., LTD., Wuyang-Honda Motors (Guangzhou) Co., Ltd., Chongqing Dongtai Motor-Vehicle Parts Co., Ltd., YAMAHA MOTOR VIETNAM COMPANY LIMITED, MERIDA INDUSTRY CO., LTD., INDIA YAMAHA MOTOR PRIVATE LIMITED, Varroc Lighting Systems, Inc.

Bicycle - Product Coverage

• HS 8712 - Bicycles and other cycles; including delivery tricycles, not motorised