Bicycle Market Executive Summary, Segmentation, Review, Trends, Opportunities, Growth, Demand 2030

The Bicycle Market size was valued at USD 70.49 Bn in 2023 and market revenue is growing at a CAGR of 9.8% from 2023 to 2030, reaching nearly USD 135.63 Bn by 2030.
Bicycle Market Overview

The global bicycle market is booming with energy and innovation. Shifting preferences are steering individuals towards sustainable and health-conscious modes of travel, sparking a remarkable growth in bicycle demand. Growing environmental consciousness has prompted many to opt for bicycles as a cleaner alternative to conventional vehicles, a trend further accelerated by the COVID-19 pandemic's emphasis on safety and social distancing. Bicycles offer an accessible, eco-friendly, and enjoyable means of transportation, increasingly appealing to both city residents and fitness enthusiasts.