Us Bicycle and Components Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Bicycle and Components Market was valued at USD 68.5 Billion in 2022 and is projected to reach USD 100.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Bicycle and Components Market has experienced remarkable growth in recent years, driven by a surge in consumer interest in eco-friendly transportation options, health-conscious lifestyles, and the rise of cycling as a popular recreational activity. As of 2023, the market is expected to continue expanding, with the demand for bicycles and their components reaching new heights.
At the heart of the US Bicycle and Components Market, we find a variety of products catering to different needs. From entry-level models for casual cyclists to high-performance bicycles for professionals, the market is diverse and growing. The components market, including tires, brakes, gears, and handlebars, has also seen significant innovation, making cycling more accessible and enjoyable for a wider audience.
One of the key drivers of this market growth is the increasing awareness of the environmental impact of traditional vehicles. With the rise of eco-conscious consumers, bicycles have become a practical and sustainable transportation alternative. Moreover, the ongoing trend of urbanization has created a demand for more efficient and cost-effective mobility solutions, further fueling the adoption of bicycles as a viable mode of transportation.
Additionally, advancements in technology have played a crucial role in the market’s expansion. Innovations in electric bikes, smart components, and enhanced materials have transformed cycling into a more efficient and user-friendly activity. Companies are constantly developing new products to meet the demands of both recreational cyclists and those using bicycles for commuting or fitness purposes.
The US Bicycle and Components Market continues to evolve with shifting consumer preferences, technological innovations, and sustainability goals. As the demand for bicycles and their components continues to rise, industry players are poised to capitalize on this growing market. The growth of cycling infrastructure and government support for green transportation further supports the positive outlook for this sector.
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Get an In-Depth Research Analysis of the Global Bicycle and Components Market Size And Forecast [2025-2032]
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Giant Bicycles
Atlas Cycles
Avon Cycles
Cannondale Bicycle Corporation
Accell Group
Caloi
Merida Industry
Currie Technologies
Dorel
Shimano
SunTour
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bicycle and Components Market
Road Bikes
Mountain Bikes
Hybrid Bikes
Electric Bikes
Folding Bikes
Drivetrain Components
Braking Systems
Wheels and Tires
Frames
Handlebars
Recreational Cyclists
Competitive Cyclists
Commuters
Fitness Enthusiasts
Tourists and Adventure Cyclists
Online Retail
Specialty Stores
Supermarkets and Hypermarkets
Distributors and Dealers
Direct Manufacturers
Economy Segment
Mid-Range Segment
Premium Segment
Luxury Segment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bicycle and Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bicycle and Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bicycle and Components Market, By Type
6. Global Bicycle and Components Market, By Application
7. Global Bicycle and Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bicycle and Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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