Bicycle Market, By Product Type (Sports, Road, Mountain, and Hybrid(Sports+ Mountain)), By Technology (Electric and Conventional), By End-User (Men, Women and Kids), By Prices (Premium, Mid-Range and Low Range), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Sep 2023

Code : CMI3910

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Regional Analysis

Global Bicycle Market- Regional Analysis

Asia Pacific is expected to hold a dominant position in the global packaging robot market in 2030

The Asia Pacific region dominated the global bicycle market in 2022, accounting for 31.5% share in terms of volume, followed by Europe and North America, respectively.
Among the Asia Pacific countries, China is a significant player in the global bicycle market. In china, there was a shift towards e-bikes (electric bicycles) in urban areas, reflecting changing transportation preferences. Similarly, in 2022, India experienced a growing demand for bicycles, driven by factors like increased awareness of fitness and health, rising environmental concerns, and government initiatives promoting cycling as a means of transportation. Further, electric bicycles (e-bikes) were gaining popularity across the Asia Pacific region, with China leading in e-bike production and sales. E-bikes were seen as a convenient and eco-friendly mode of transportation, especially in densely populated urban areas.
Europe has a strong cycling culture, with countries like the Netherlands and Denmark known for their extensive cycling infrastructure and high bicycle usage rates for daily commuting. European cities are increasingly investing in bicycle-friendly infrastructure and bike-sharing programs to promote cycling as a sustainable mode of urban transportation. Mountain biking remained popular in regions with suitable terrain, such as the Alps. It attracted tourists and local enthusiasts alike, driving demand for high-quality mountain bikes.
The bicycle market in North America was experiencing growth, driven by factors like increased interest in outdoor activities, fitness, and the need for alternative transportation options. Major cities in the U.S. and Canada have bike-sharing programs, making it easier for residents and tourists to access bicycles for short trips. Growing awareness of environmental sustainability is encouraging more people to adopt bicycles as a green mode of transportation.