Bicycle Market Outlook:
Bicycle Market size was valued at USD 97.56 billion in 2025 and is set to exceed USD 264.79 billion by 2035, registering over 10.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of bicycle is evaluated at USD 106.78 billion.
"The rising usage of bicycles for traveling, as well as their numbers globally, will drive the market expansion. As per an estimation, there were over 2 billion bicycles in use around the world in 2015 which is forecasted to reach near 5 billion by 2050. Furthermore, rising government emphasis on spending on the development of cycling infrastructure would accelerate the adoption of bicycles among the general public. Almost all industrialized economies are investing a lot of money into constructing innovative cycling tracks and carrying out several projects involving bicycle and pedestrian infrastructure. For instance, domestic establishments in Ireland announced a 2021 investment in new services for bikes and pedestrians; the financing was about three times greater than the allocated funds for urban transit.
With the rising traffic congestion and shortage of parking space, particularly in metropolitan cities, the use of bicycle is gradually increasing. Bicycle commutation for short distances save time and also have several other benefits, including health & environment. Various governments are rolling out the programs, infrastructure and initiatives necessary to support bicycle commutation, to encourage people to opt for bicycles. The demand for bicycles is on the rise amongst the children, which in turn, is expected to create massive revenue generation opportunities for global bicycle market. As per 2020 statistics, in England, the proportion of children who owns bicycle in the age group of 5-10 year was 50% higher than the proportion of bicycle-owners in the age group of 40-49 years."
