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    Canada Bicycle Market

    ID: MRFR/AM/43130-HCR
    200 Pages
    Sejal Akre
    September 2025

    Canada Bicycle Market Research Report By Application (Racing, Transportation tools, Recreation) and By Type (E-bikes, Conventional bikes)- Forecast to 2035

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    Canada Bicycle Market Research Report — Global Forecast till 2035 Infographic
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    Table of Contents

    Canada Bicycle Market Summary

    The Canada Bicycle market is poised for substantial growth, with a projected valuation increase from 3.1 USD billion in 2024 to 6.1 USD billion by 2035.

    Key Market Trends & Highlights

    Canada Bicycle Key Trends and Highlights

    • The market is expected to grow at a compound annual growth rate of 6.35 percent from 2025 to 2035.
    • By 2035, the Canada Bicycle market is anticipated to reach a valuation of 6.1 USD billion, indicating robust expansion.
    • In 2024, the market is valued at 3.1 USD billion, reflecting a solid foundation for future growth.
    • Growing adoption of eco-friendly transportation solutions due to increasing environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.1 (USD Billion)
    2035 Market Size 6.1 (USD Billion)
    CAGR (2025-2035) 6.35%

    Major Players

    Yeti Cycles, Norco Bicycles, Schwinn, Electra Bicycle Company, Mongoose, Brompton Bicycle, Specialized Bicycle Components, Felt Bicycles, Trek Bicycle Corporation, Santa Cruz Bicycles, Giant Manufacturing Co. Ltd., Haro Bikes, Cannondale, KHS Bicycles, Devon Bicycles

    Canada Bicycle Market Trends

    In Canada, the bicycle market has recently revealed important new indicators that suggest a change in the interest level of sustainable modes of transport. Public attention on climate change and environmental issues is strongly contributing to the sustainable change practices. The Canadian government has been facilitating this shift by investing in cycling infrastructure, and business in Urban centers. 

    Canadian are adopting cycling as a transportation method in greater numbers, especially in areas such as Toronto, where improvements to cycling lanes are being made. The rise in popularity for electric bicycles also serves as a key market driver in Canada.

    From a health and fitness viewpoint, these e-bikes offer an easy and inexpensive method to travel for Canadians to cover longer distances and difficult terrain and are appealing to commuters and casual cyclists too. Bother Canadians and Globally, the desire for less carbon intense lifestyles together with the quest for reliable and better bicycles leads to these mbe rican made e-bikes. 

    Also, products for urban commuting, mountain biking, and recreational riding specialized bicycles and accessories for other diverse consumer preferences is also targeted. As cycling events and advocacy groups grow, the market has some hope in the community initiatives that boost biking culture.

    Lately, there has been an increase in the use of technology for bicycles, like tracking and finding bike-friendly routes, as well as connecting with local cycling communities using apps. The demand for biking as a leisure activity has increased tremendously as well, leading to a growth in the sales of bicycles for both casual and avid cyclists. All in all, the Canadian bicycle market is moving toward better sustainability, innovation, as well as community participation.

    Canada Bicycle Market Drivers

    Market Segment Insights

    Bicycle Market Application Insights

    Canada Bicycle Market, particularly within the Application segment, showcases a diverse range of uses that reflect the changing lifestyles and preferences of Canadians. This market segment emphasizes key areas such as racing, transportation tools, and recreation, each playing a pivotal role in promoting cycling as a sustainable and healthy mode of transportation. 

    The growing awareness of environmental concerns has driven the demand for bicycles as an alternative transportation tool, encouraging governments to invest in cyclist-friendly infrastructure across urban areas in Canada.

    The transportation aspect is critical as it aligns with national goals for reducing carbon emissions and easing traffic congestion, making cycling an attractive option for daily commuting. Racing, a category that captures the competitive spirit among many Canadians, continues to gain traction with the organization of various cycling events and competitions. 

    The number of participants in cycling races and events is reflective of a robust sporting culture, contributing to the vibrancy of Canada Bicycle Market. Additionally, the recreation segment stands out by appealing to people of all ages, offering a fun, healthy activity that enhances social connectivity.

    The recreational use of bicycles supports community engagement and promotes physical well-being among the population, further solidifying cycling’s role in healthy urban living. Each of these segments presents opportunities for market growth, innovation in product design, and adaptations to consumer needs while addressing challenges such as road safety, urban planning, and public infrastructure. 

    As cycling continues to evolve in Canada, the insights from the Application segment of Canada Bicycle Market indicate a robust landscape driven by health, sustainability, and recreational joy, making it an integral part of the broader transportation framework within the country.

    Bicycle Market Type Insights

    Canada Bicycle Market has shown significant diversification in its Type segmentation, notably with the rise of E-bikes and the continued relevance of Conventional bikes. E-bikes have gained immense popularity in urban areas, supported by government initiatives to promote eco-friendly transportation methods. They offer the benefit of reducing carbon emissions and align well with the growing trend of sustainable living among Canadians. 

    Conversely, Conventional bikes maintain a strong presence in the market, appealing to recreational cyclists and those seeking low-maintenance options.With the increasing focus on health and fitness, Conventional bikes have become a preferred choice for many individuals looking to integrate physical activity into their daily routines. 

    The selection between E-bikes and Conventional bikes indicates a broader shift towards sustainable commuting options in Canada, fueled by rising environmental consciousness and urban development. Overall, the Type segmentation of Canada Bicycle Market reflects diverse consumer preferences driven by technology adoption and lifestyle choices.

    Get more detailed insights about Canada Bicycle Market Research Report — Global Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The competitive landscape of Canada Bicycle Market reflects a dynamic blend of innovation, consumer preferences, and the growing shift toward sustainable transportation options. This market has witnessed a surge in demand due to increasing health consciousness among Canadians and government initiatives promoting cycling as an environmentally friendly mode of transit. 

    The competition within this market is characterized by several key players, each striving to capture a significant share through unique value propositions, robust marketing strategies, and expanding distribution channels. Established brands and emerging local companies alike are leveraging advancements in technology and design to enhance the riding experience, making the landscape increasingly competitive as they cater to the specific needs of Canadian consumers.

    Yeti Cycles has carved a distinct niche within Canada Bicycle Market, primarily due to its commitment to quality and performance-oriented designs. Known for their high-end mountain bikes, Yeti Cycles focuses on delivering superior riding experiences through meticulous engineering and thoughtful innovation. The brand's reputation for durability and exceptional handling abilities has appealed to both amateur cyclists and seasoned riders in Canada. 

    Yeti's strategic positioning emphasizes a community of passionate cyclists, enhancing customer loyalty while fostering a culture of outdoor adventure. With an increase in sales driven by trends favoring premium bicycles, Yeti Cycles has successfully enhanced its market presence and solidified its identity in the highly competitive Canadian landscape.Norco Bicycles operates as a significant player in Canada Bicycle Market, well-regarded for its diverse range of products aimed at various cycling segments, including mountain, road, and urban bicycles.

    The company is recognized for its innovative designs, which combine performance and comfort, catering to the needs of cyclists across different skill levels and usage requirements. Norco's strengths lie in its strong brand heritage within Canada, along with a robust distribution network that ensures accessibility to its products. The brand has recently focused on sustainability initiatives, appealing to environmentally conscious consumers through eco-friendly manufacturing practices. 

    Norco has also expanded its product offerings to include e-bikes, capitalizing on the growing trend of electric mobility. Through strategic partnerships and occasionally engaging in mergers that bolster its market presence, Norco Bicycles remains a strong competitor in the region, continuously adapting to market demands and investing in research and development to maintain its innovative edge.

    Key Companies in the Canada Bicycle Market market include

    Industry Developments

    Canada Bicycle Market has seen significant developments recently, particularly with a keen interest in sustainable transportation. Cities like Toronto and Vancouver are increasing investments in cycling infrastructure, which has positively impacted companies like Trek Bicycle Corporation and Specialized Bicycle Components, allowing them to expand their market footprint. As of September 2023, there has been a notable merger between Cannondale and KHS Bicycles aimed at enhancing product offerings in the mountain bike segment, a move that has drawn attention from industry stakeholders.

    Additionally, the rise in popularity of e-bikes has driven sales for companies such as Electra Bicycle Company and Giant Manufacturing Co. Ltd. Recent statistics from the Canadian Bicycle Association indicate that bicycle sales grew by 15% in the past year, reflecting heightened consumer interest in active lifestyles. In the broader context, specialized brands like Yeti Cycles and Santa Cruz Bicycles are focusing on high-performance models to meet evolving consumer demands. Moreover, local bike shops are reporting increased foot traffic and service demand as the cycling trend continues to grow, further reinforcing the vitality of the market in Canada.

    Market Segmentation

    Outlook

    • Racing
    • Transportation tools
    • Recreation

    Bicycle Market Type Outlook

    • E-bikes
    • Conventional bikes

    Bicycle Market Application Outlook

    • Racing
    • Transportation tools
    • Recreation

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 2.88 (USD Billion)
    MARKET SIZE 2024 3.1 (USD Billion)
    MARKET SIZE 2035 6.1 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.347% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Yeti Cycles, Norco Bicycles, Schwinn, Electra Bicycle Company, Mongoose, Brompton Bicycle, Specialized Bicycle Components, Felt Bicycles, Trek Bicycle Corporation, Santa Cruz Bicycles, Giant Manufacturing Co. Ltd., Haro Bikes, Cannondale, KHS Bicycles, Devon Bicycles
    SEGMENTS COVERED Application, Type
    KEY MARKET OPPORTUNITIES Electric bicycle sales growth, Eco-friendly transportation promotion, Urban cycling infrastructure expansion, Increased demand for leisure cycling, Cycling tourism development
    KEY MARKET DYNAMICS increasing environmental awareness, urbanization and infrastructure development, rising health consciousness, government cycling initiatives, growing e-bike adoption
    COUNTRIES COVERED Canada

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the expected market value of the Canada Bicycle Market in 2024?

    The Canada Bicycle Market is expected to be valued at 3.1 USD Billion in 2024.

    What will be the anticipated market value of the Canada Bicycle Market by 2035?

    By 2035, the overall market value is projected to reach 6.1 USD Billion.

    What is the expected CAGR of the Canada Bicycle Market from 2025 to 2035?

    The expected compound annual growth rate (CAGR) for the market from 2025 to 2035 is 6.347%.

    Which application segment holds the largest market value in 2024?

    In 2024, the Transportation tools application segment holds the largest market value at 1.2 USD Billion.

    What is the projected market size for the Racing application by 2035?

    The Racing application segment is projected to reach a market size of 1.6 USD Billion by 2035.

    Who are the major players in the Canada Bicycle Market?

    Major players include Yeti Cycles, Norco Bicycles, Schwinn, and Trek Bicycle Corporation among others.

    What will be the market size for the Recreation application in 2035?

    The market size for the Recreation application is expected to reach 2.1 USD Billion by 2035.

    What is the expected market size for Transportation tools by 2035?

    By 2035, the Transportation tools application is expected to grow to 2.4 USD Billion.

    What opportunities exist in the Canada Bicycle Market during the forecast period?

    The market is expected to experience opportunities in increased cycling for recreation and transport.

    What challenges could impact the growth of the Canada Bicycle Market?

    Challenges may include supply chain disruptions and fluctuating raw material costs impacting production.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. Canada Bicycle Market, BY Application (USD Billion)
    45. Racing
    46. Transportation tools
    47. Recreation
    48. Canada Bicycle Market, BY Type (USD Billion)
    49. E-bikes
    50. Conventional bikes
    51. Competitive Landscape
    52. Overview
    53. Competitive Analysis
    54. Market share Analysis
    55. Major Growth Strategy in the Bicycle Market
    56. Competitive Benchmarking
    57. Leading Players in Terms of Number of Developments in the Bicycle Market
    58. Key developments and growth strategies
    59. New Product Launch/Service Deployment
    60. Merger & Acquisitions
    61. Joint Ventures
    62. Major Players Financial Matrix
    63. Sales and Operating Income
    64. Major Players R&D Expenditure. 2023
    65. Company Profiles
    66. Yeti Cycles
    67. Financial Overview
    68. Products Offered
    69. Key Developments
    70. SWOT Analysis
    71. Key Strategies
    72. Norco Bicycles
    73. Financial Overview
    74. Products Offered
    75. Key Developments
    76. SWOT Analysis
    77. Key Strategies
    78. Schwinn
    79. Financial Overview
    80. Products Offered
    81. Key Developments
    82. SWOT Analysis
    83. Key Strategies
    84. Electra Bicycle Company
    85. Financial Overview
    86. Products Offered
    87. Key Developments
    88. SWOT Analysis
    89. Key Strategies
    90. Mongoose
    91. Financial Overview
    92. Products Offered
    93. Key Developments
    94. SWOT Analysis
    95. Key Strategies
    96. Brompton Bicycle
    97. Financial Overview
    98. Products Offered
    99. Key Developments
    100. SWOT Analysis
    101. Key Strategies
    102. Specialized Bicycle Components
    103. Financial Overview
    104. Products Offered
    105. Key Developments
    106. SWOT Analysis
    107. Key Strategies
    108. Felt Bicycles
    109. Financial Overview
    110. Products Offered
    111. Key Developments
    112. SWOT Analysis
    113. Key Strategies
    114. Trek Bicycle Corporation
    115. Financial Overview
    116. Products Offered
    117. Key Developments
    118. SWOT Analysis
    119. Key Strategies
    120. Santa Cruz Bicycles
    121. Financial Overview
    122. Products Offered
    123. Key Developments
    124. SWOT Analysis
    125. Key Strategies
    126. Giant Manufacturing Co. Ltd.
    127. Financial Overview
    128. Products Offered
    129. Key Developments
    130. SWOT Analysis
    131. Key Strategies
    132. Haro Bikes
    133. Financial Overview
    134. Products Offered
    135. Key Developments
    136. SWOT Analysis
    137. Key Strategies
    138. Cannondale
    139. Financial Overview
    140. Products Offered
    141. Key Developments
    142. SWOT Analysis
    143. Key Strategies
    144. KHS Bicycles
    145. Financial Overview
    146. Products Offered
    147. Key Developments
    148. SWOT Analysis
    149. Key Strategies
    150. Devon Bicycles
    151. Financial Overview
    152. Products Offered
    153. Key Developments
    154. SWOT Analysis
    155. Key Strategies
    156. References
    157. Related Reports
    158. Canada Bicycle Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    159. Canada Bicycle Market SIZE ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD Billions)
    160. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    161. ACQUISITION/PARTNERSHIP
    162. MARKET SYNOPSIS
    163. CANADA BICYCLE MARKET ANALYSIS BY APPLICATION
    164. CANADA BICYCLE MARKET ANALYSIS BY TYPE
    165. KEY BUYING CRITERIA OF BICYCLE MARKET
    166. RESEARCH PROCESS OF MRFR
    167. DRO ANALYSIS OF BICYCLE MARKET
    168. DRIVERS IMPACT ANALYSIS: BICYCLE MARKET
    169. RESTRAINTS IMPACT ANALYSIS: BICYCLE MARKET
    170. SUPPLY / VALUE CHAIN: BICYCLE MARKET
    171. BICYCLE MARKET, BY APPLICATION, 2024 (% SHARE)
    172. BICYCLE MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    173. BICYCLE MARKET, BY TYPE, 2024 (% SHARE)
    174. BICYCLE MARKET, BY TYPE, 2019 TO 2035 (USD Billions)
    175. BENCHMARKING OF MAJOR COMPETITORS

    Canada Bicycle Market Segmentation

    • Bicycle Market By Application (USD Billion, 2019-2035)

      • Racing
      • Transportation tools
      • Recreation
    • Bicycle Market By Type (USD Billion, 2019-2035)

      • E-bikes
      • Conventional bikes
    Report Infographic
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