The North America Bicycle Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027).
The utilization of bicycles is also being supported by administrations all over the world. Governments are rapidly implementing several initiatives to restructure and remodel streets in order to accommodate the growing number of bicycles on the road. Governments are also enacting policies requiring transportation agencies to build bicycle lane networks, which include sidewalk improvements, crossing enhancements, off-street shelters, parking racks, service facilities, and specific traffic signs and signals. These policies aim to create the necessary infrastructure to make bicycling on highways safe for everyone. Therefore, these programs encourage bike-friendly communities.
Recent advancements in digital app development and GPS have led to application-based dockless bicycle-sharing systems. In addition, the growing popularity of dockless bicycle-sharing technology is expected to considerably increase the demand for bicycles. To take advantage of market prospects, various bicycle-sharing companies are rapidly investing and accelerating their operations in several countries. This factor is projected to drive the market growth over the forecasting period.
Consumer spending in the sector of bicycles increased annually, resulting in significant investment in developing new areas such as dirt, Ebikes, event bikes, composite bikes, and children's cycles. Simultaneously, persistent structural alterations prompted digital distribution models to capture a portion of overall profits.
The bicycle industry in the United States, which has long been hampered by tariffs, safety concerns, lack of recognition, and aging demographics, is primed to prosper. Resilience, adaptability, and capacities to capitalize on servicing expanding requirements as well as exploiting emerging opportunities are built into the business passion. According to conventional knowledge, the capacity to win cyclists was primarily determined by proprietary goods or distribution methods, which are important. However, in 2021 and ahead, the sector would be able to meet consumers' demands by tailoring its services to the most pressing personal and physical demands.
The US market dominated the North America Bicycle Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18,243.5 Million by 2027. The Canada market is estimated to grow at a CAGR of 9.7% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2021 - 2027).
Based on Technology, the market is segmented into Conventional and Electric. Based on End User, the market is segmented into Men, Women, and Kids. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product, the market is segmented into Road, Mountain, Hybrid, Cargo, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bicycle Market is Estimated to reach $93.5 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accell Group, Giant Manufacturing Co. Ltd., Cervélo (Pon Holdings BV), SCOTT Sports SA, Merida Industry Co., Ltd., and Specialized Bicycle Components, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By End User
By Distribution Channel
By Product
- Road
- Mountain
- Hybrid
- Cargo
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Accell Group
- Giant Manufacturing Co. Ltd.
- Cervélo (Pon Holdings BV)
- SCOTT Sports SA
- Merida Industry Co., Ltd.
- Specialized Bicycle Components, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Bicycle Market, by Technology
1.4.2 North America Bicycle Market, by End User
1.4.3 North America Bicycle Market, by Distribution Channel
1.4.4 North America Bicycle Market, by Product
1.4.5 North America Bicycle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Bicycle Market
Chapter 4. North America Bicycle Market by Technology
4.1 North America Conventional Market by Country
4.2 North America Electric Market by Country
Chapter 5. North America Bicycle Market by End-user
5.1 North America Men Market by Country
5.2 North America Women Market by Country
5.3 North America Kids Market by Country
Chapter 6. North America Bicycle Market by Distribution Channel
6.1 North America Offline Market by Country
6.2 North America Online Market by Country
Chapter 7. North America Bicycle Market by Product
7.1 North America Road Market by Country
7.2 North America Mountain Market by Country
7.3 North America Hybrid Market by Country
7.4 North America Cargo Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Bicycle Market by Country
8.1 US Bicycle Market
8.1.1 US Bicycle Market by Technology
8.1.2 US Bicycle Market by End-user
8.1.3 US Bicycle Market by Distribution Channel
8.1.4 US Bicycle Market by Product
8.2 Canada Bicycle Market
8.2.1 Canada Bicycle Market by Technology
8.2.2 Canada Bicycle Market by End-user
8.2.3 Canada Bicycle Market by Distribution Channel
8.2.4 Canada Bicycle Market by Product
8.3 Mexico Bicycle Market
8.3.1 Mexico Bicycle Market by Technology
8.3.2 Mexico Bicycle Market by End-user
8.3.3 Mexico Bicycle Market by Distribution Channel
8.3.4 Mexico Bicycle Market by Product
8.4 Rest of North America Bicycle Market
8.4.1 Rest of North America Bicycle Market by Technology
8.4.2 Rest of North America Bicycle Market by End-user
8.4.3 Rest of North America Bicycle Market by Distribution Channel
8.4.4 Rest of North America Bicycle Market by Product
Chapter 9. Company Profiles
9.1 Accell Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.2 Giant Manufacturing Co. Ltd.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.3 Cervélo (Pon Holdings BV)
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 SCOTT Sports SA
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.5 Merida Industry Co., Ltd.
9.5.1 Company Overview
9.6 Specialized Bicycle Components, Inc.
9.6.1 Company Overview
TABLE 1 North America Bicycle Market, 2017 - 2020, USD Million
TABLE 2 North America Bicycle Market, 2021 - 2027, USD Million
TABLE 3 North America Bicycle Market by Technology, 2017 - 2020, USD Million
TABLE 4 North America Bicycle Market by Technology, 2021 - 2027, USD Million
TABLE 5 North America Conventional Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Conventional Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Electric Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Electric Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Bicycle Market by End-user, 2017 - 2020, USD Million
TABLE 10 North America Bicycle Market by End-user, 2021 - 2027, USD Million
TABLE 11 North America Men Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Men Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Women Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Women Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Kids Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Kids Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Bicycle Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 18 North America Bicycle Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 19 North America Offline Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Offline Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Online Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Online Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Bicycle Market by Product, 2017 - 2020, USD Million
TABLE 24 North America Bicycle Market by Product, 2021 - 2027, USD Million
TABLE 25 North America Road Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Road Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Mountain Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Mountain Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Hybrid Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Hybrid Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Cargo Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Cargo Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Bicycle Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Bicycle Market by Country, 2021 - 2027, USD Million
TABLE 37 US Bicycle Market, 2017 - 2020, USD Million
TABLE 38 US Bicycle Market, 2021 - 2027, USD Million
TABLE 39 US Bicycle Market by Technology, 2017 - 2020, USD Million
TABLE 40 US Bicycle Market by Technology, 2021 - 2027, USD Million
TABLE 41 US Bicycle Market by End-user, 2017 - 2020, USD Million
TABLE 42 US Bicycle Market by End-user, 2021 - 2027, USD Million
TABLE 43 US Bicycle Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 44 US Bicycle Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 45 US Bicycle Market by Product, 2017 - 2020, USD Million
TABLE 46 US Bicycle Market by Product, 2021 - 2027, USD Million
TABLE 47 Canada Bicycle Market, 2017 - 2020, USD Million
TABLE 48 Canada Bicycle Market, 2021 - 2027, USD Million
TABLE 49 Canada Bicycle Market by Technology, 2017 - 2020, USD Million
TABLE 50 Canada Bicycle Market by Technology, 2021 - 2027, USD Million
TABLE 51 Canada Bicycle Market by End-user, 2017 - 2020, USD Million
TABLE 52 Canada Bicycle Market by End-user, 2021 - 2027, USD Million
TABLE 53 Canada Bicycle Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 54 Canada Bicycle Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 55 Canada Bicycle Market by Product, 2017 - 2020, USD Million
TABLE 56 Canada Bicycle Market by Product, 2021 - 2027, USD Million
TABLE 57 Mexico Bicycle Market, 2017 - 2020, USD Million
TABLE 58 Mexico Bicycle Market, 2021 - 2027, USD Million
TABLE 59 Mexico Bicycle Market by Technology, 2017 - 2020, USD Million
TABLE 60 Mexico Bicycle Market by Technology, 2021 - 2027, USD Million
TABLE 61 Mexico Bicycle Market by End-user, 2017 - 2020, USD Million
TABLE 62 Mexico Bicycle Market by End-user, 2021 - 2027, USD Million
TABLE 63 Mexico Bicycle Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 Mexico Bicycle Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 Mexico Bicycle Market by Product, 2017 - 2020, USD Million
TABLE 66 Mexico Bicycle Market by Product, 2021 - 2027, USD Million
TABLE 67 Rest of North America Bicycle Market, 2017 - 2020, USD Million
TABLE 68 Rest of North America Bicycle Market, 2021 - 2027, USD Million
TABLE 69 Rest of North America Bicycle Market by Technology, 2017 - 2020, USD Million
TABLE 70 Rest of North America Bicycle Market by Technology, 2021 - 2027, USD Million
TABLE 71 Rest of North America Bicycle Market by End-user, 2017 - 2020, USD Million
TABLE 72 Rest of North America Bicycle Market by End-user, 2021 - 2027, USD Million
TABLE 73 Rest of North America Bicycle Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 74 Rest of North America Bicycle Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 75 Rest of North America Bicycle Market by Product, 2017 - 2020, USD Million
TABLE 76 Rest of North America Bicycle Market by Product, 2021 - 2027, USD Million
TABLE 77 key information – Accell Group
TABLE 78 Key Information – Giant Manufacturing Co. Ltd.
TABLE 79 Key Information – Cervélo
TABLE 80 Key information – SCOTT Sports SA
TABLE 81 Key Information – Merida Industry Co., Ltd.
TABLE 82 Key Information – Specialized Bicycle Components, Inc.
List of Figures
FIG 1 Methodology for the research