Bicycle Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific region is anticipated to hold over 47.6% market share by 2035, fueled by strong infrastructure, growing bicycle usage, and rising adoption of dockless bike-share systems. For instance, China played an important role in bringing about the global boom in dockless sharing systems over the past 5 years. With an average of 47 million trips each day, over 360 Chinese cities now have dockless bike-sharing systems. Moreover, rising awareness regarding the environment and the benefits of exercising daily is fueling the market growth. In India and China, especially, the culture of riding bicycles is seeing a revival as people become more health and environment conscious.
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Frequently Asked Questions (FAQ)
In the year 2026, the industry size of bicycle is evaluated at USD 106.78 billion.
The global bicycle market size was worth around USD 97.56 billion in 2025 and is set to register a CAGR of more than 10.5%, exceeding USD 264.79 billion revenue by 2035.
Asia Pacific bicycle market will hold around 47.6% share by 2035, driven by strong infrastructure, growing bicycle usage, and rising adoption of dockless bike-share systems.
Key players in the market include Giant Manufacturing Co., Ltd.Dorel Industries Inc.Cervélo CyclesAccell GroupAvon Cycles Ltd.Shimano Inc.Trek Bicycle CorporationScott Sports SACanyon Bicycles GmbHMerida & Centurion Germany GmbHUrbanTerrain.
