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World - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights

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Bicycle market

Bicycle market: get new statistics empowered by an Ai-driven market intelligence platform. Information include market prices, imports, companies, market size, consumption, trade, exports, and production. There is a breakdown by region, including Africa, the U.K., the U.S., EU, Russia, China, the Middle East, and Latin America. Market trends and forecast to 2030 are also featured in the reports.

Bicycle - World's Largest Markets

RatingCountry
1United States
2China
3India
4Bangladesh
5Japan

In value terms, the United States, China and India appeared to be the countries with the highest levels of market value in 2020, with a combined 32% share of the global market. Bangladesh, Japan, the Netherlands, Germany, Indonesia, Italy, Russia and Thailand lagged somewhat behind, together comprising a further 29%.

Indonesia recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while bicycle market for the other global leaders experienced more modest paces of growth.

Bicycle Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
China555452-2.6%
Italy152147149-1.0%
Portugal14713917910.2%
Cambodia238213230-1.7%
Germany358310324-4.8%
Netherlands33441341411.3%
Taiwan (Chinese)36540862931.3%
Average1031071050.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Taiwan (Chinese) ($629 per unit), while China ($52 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
France15714121617.2%
United Kingdom1701701854.4%
Germany13213817214.1%
Austria1081041101.1%
Japan1041061081.8%
Netherlands899088-0.5%
United States929887-2.7%
Russia42495816.9%
United Arab Emirates515032-21.2%
Thailand323928-7.7%
Philippines19212720.4%
Iraq221918-9.1%
Nigeria181617-2.6%
Average9295983.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($216 per unit), while Nigeria ($17 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other global leaders experienced more modest paces of growth.

Bicycle - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.61.31.5-3.1%
Germany0.80.80.83.6%
Netherlands0.60.70.815.7%
Japan0.70.70.6-1.7%
United Kingdom0.50.50.55.2%

In value terms, the largest bicycle importing markets worldwide were the United States ($1.5B), Germany ($826M) and the Netherlands ($790M), with a combined 34% share of global imports. These countries were followed by Japan, the UK, France, Austria, Russia, the United Arab Emirates, the Philippines, Thailand, Iraq and Nigeria, which together accounted for a further 25%.

In terms of the main importing countries, Nigeria (+91.7% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Bicycle - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China3.32.93.76.0%
Taiwan (Chinese)1.61.51.3-7.5%
Netherlands0.50.40.938.1%
Germany0.70.70.86.5%
Cambodia0.40.40.520.6%

In value terms, China ($3.7B) remains the largest bicycle supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Taiwan (Chinese) ($1.3B), with a 13% share of global exports. It was followed by the Netherlands, with a 8.6% share.

From 2018 to 2020, the average annual growth rate of value in China amounted to +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.5% per year) and the Netherlands (+38.1% per year).

Bicycle - Market Forecast

Driven by rising demand for bicycle worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Bicycle - Top Companies

YAMAHA MOTOR CO., LTD., Harley-Davidson, Inc., HERO MOTOCORP LIMITED, ASTRA HONDA MOTOR, PT, BAJAJ AUTO LIMITED, HONDA MOTORCYCLE AND SCOOTER INDIA PRIVATE LIMITED, THAI HONDA MANUFACTURING COMPANY LIMITED, SHIMANO INC., GIANT MANUFACTURING CO., LTD., Loncin Motor Co., Ltd., PIAGGIO & C. SPA, KTM AG, Aima Technology Group Co., Ltd., SANYANG MOTOR CO., LTD., Wuyang-Honda Motors (Guangzhou) Co., Ltd., Chongqing Dongtai Motor-Vehicle Parts Co., Ltd., YAMAHA MOTOR VIETNAM COMPANY LIMITED, MERIDA INDUSTRY CO., LTD., INDIA YAMAHA MOTOR PRIVATE LIMITED, Varroc Lighting Systems, Inc.

Bicycle - Product Coverage

  • HS 8712 - Bicycles and other cycles; including delivery tricycles, not motorised

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global bicycle market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
  • Prodcom 30921030 -
  • Prodcom 30921050 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Giant Manufacturing Co. Ltd., Cycleurope AB, Derby Cycle Corporation, Dorel Industries, 3T Cycling, Orient Bikes, Phillips Cycles, Panasonic, Seven Cycles, Suzuki, Tern, Abici, Adler, Alcyon, Author, Bacchetta, Batavus, Battaglin, BMC, British Eagle, Calfee Design, Canyon bicycles, Claud Butler, Cycles Devinci, Dawes Cycles, Derby Cycle, Eddy Merckx Cycles, Gunnar, Jan Janssen, Kona, Look, Malvern Star, Nagasawa, Neil Pryde, Neobike, Olmo

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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Bicycles And Other Cycles (Not Motorized) - World - Report