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    UK Bicycle Market

    ID: MRFR/AM/43126-HCR
    200 Pages
    Garvit Vyas
    September 2025

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

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

    UK Bicycle Market Summary

    The UK Bicycle market is projected to grow from 3.5 USD billion in 2024 to 8 USD billion by 2035, indicating robust growth potential.

    Key Market Trends & Highlights

    UK Bicycle Key Trends and Highlights

    • The UK Bicycle market is valued at 3.5 USD billion in 2024.
    • By 2035, the market is expected to reach 8 USD billion, reflecting a substantial increase.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 7.8 percent.
    • Growing adoption of cycling as a sustainable transportation option due to increasing environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.5 (USD Billion)
    2035 Market Size 8 (USD Billion)
    CAGR (2025-2035) 7.8%

    Major Players

    Merida Industries, Boardman Bikes, Raleigh, Halfords, Giant Manufacturing Co., Canyon Bicycles, Electra Bicycle Company, Scotland's Cycleworks, Pashley Cycles, Specialized Bicycle Components, Brompton Bicycle, Trek Bicycle Corporation, Frog Bikes, Cycling Sports Group, Decathlon

    UK Bicycle Market Trends

    UK Bicycle Market has seen significant trends influenced by various factors. A prominent market driver is the increasing emphasis on sustainability and green transportation solutions. As UK government encourages more environmentally friendly transport options, more people are turning to cycling as a means to reduce their carbon footprint. The rise in cycling infrastructure investment, including bike lanes and parking facilities, further supports this trend. Additionally, cycling has gained popularity as a healthy alternative to commuting, promoted by public health campaigns emphasizing physical fitness and wellbeing.

    Recent times have also highlighted the growth of e-bikes, which cater to a diverse demographic and make cycling more accessible, especially for those who may struggle with traditional bicycles.

    The pandemic has accelerated this shift, as many individuals sought outdoor activities while also maintaining social distancing. The surge in remote working has resulted in altered commuting patterns, allowing more people to consider cycling as a viable daily transport option. There are numerous opportunities to be explored in UK Bicycle Market, particularly in areas such as bike-sharing schemes and innovative technological integration. Developing apps that track routes and provide maintenance tips can enhance the cycling experience.

    Furthermore, regions outside of major cities show an untapped potential for growth as local governments seek to promote cycling-friendly communities while addressing traffic congestion and air quality issues.Investment in education and outreach can also foster a culture of cycling, making it a practical choice for everyday travel in UK.

    UK Bicycle Market Drivers

    Market Segment Insights

    Bicycle Market Application Insights

    The Application segment of UK Bicycle Market showcases a diverse array of uses, reflecting the multifunctional nature of bicycles across different consumer needs. Racing bicycles serve as a crucial component of this market, catering to competitive enthusiasts and professional athletes. Their design often emphasizes speed, efficiency, and lightweight materials, enabling riders to achieve peak performance in races and events.

    The sporting culture in UK supports this segment with numerous competitions and championships, driving interest and engagement in racing as a lifestyle alongside recreational cycling.Transportation tools represent a substantial portion of the market, mirroring the growing trend of urban mobility and sustainable transport solutions in UK .

    With increasing congestion in city areas, bicycles offer an effective alternative for commuting, contributing to reductions in carbon emissions and enhancing public health. This segment's significance is amplified by various governmental infrastructure projects that promote cycling lanes and safety measures, encouraging more citizens to embrace cycling as their primary mode of transportation. Recreation holds a significant place within the Application segment, appealing to a broad audience seeking leisure and fitness activities. 

    UK 's picturesque landscapes provide an ideal backdrop for recreational cycling, whether in parks, nature reserves, or scenic countryside routes. This segment encompasses family cycling outings, mountain biking, and city rides, reinforcing the bike's role as a versatile and enjoyable activity for individuals and communities alike. Market growth in this area has been aided by initiatives promoting healthy living and outdoor activities, as well as a robust cycling community that fosters social interaction. The insights from these segments reveal a strong correlation between cycling trends and lifestyle choices in UK .

    The Application segment effectively addresses various consumer demands, from competitive racing and eco-friendly transportation solutions to casual recreational use, highlighting the bicycle's integral role in modern British life and its expansive market potential. As UK Bicycle Market continues to evolve, understanding these applications remains vital for stakeholders, enabling them to devise strategies to cater to each segment's specific needs and demands while capturing a broader market share.

    Bicycle Market Type Insights

    UK Bicycle Market is currently undergoing a transformation driven by the increasing demand for diverse bicycle types. With a notable shift towards E-bikes, this segment is gaining traction due to its convenience and eco-friendly attributes, catering to urban commutes and recreational use. Conventional bikes continue to hold a significant share, appealing particularly to traditional cyclists and fitness enthusiasts. The rise of cycling infrastructure in cities across UK and a growing health-conscious population are vital factors contributing to market growth.In recent years, government initiatives promoting cycling as a sustainable transport option have further catalyzed the demand for both bicycle types.

    The E-bike segment is particularly well-positioned to address the needs of those seeking ease in navigating hilly terrains or longer distances, while conventional bikes remain preferable for many seeking straightforward cycling experiences. As UK Bicycle Market segmentation expands, both types will likely play crucial roles in shaping a greener, healthier urban landscape. An array of advancements in bicycle technology and design will continue to bolster interest and participation in cycling.

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

    Regional Insights

    Key Players and Competitive Insights

    UK Bicycle Market has seen a substantial transformation in recent years, fueled by various factors, including increased environmental awareness, health consciousness, and a reevaluation of urban transportation options. This market is characterized by a dynamic competitive landscape with a mixture of established brands and emerging players, each striving to optimize their offerings and enhance their presence. The growing demand for bicycles, particularly in the wake of the COVID-19 pandemic, has prompted brands to innovate in terms of design, technology, and sustainability.

    Consumers are now more discerning, seeking products that not only fulfill functional requirements but also align with their lifestyle choices. As a result, companies within UK bicycle sector continuously adapt their strategies to stay relevant, focusing on quality, performance, and brand loyalty. Merida Industries holds a strong position in UK Bicycle Market and is recognized for its dedication to producing high-quality bicycles that cater to various segments, including road, mountain, and electric bikes. The company's strengths lie in its advanced engineering capabilities and commitment to innovation, which have garnered positive recognition among cycling enthusiasts and casual riders alike. 

    Merida Industries leverages a robust distribution network that ensures its products are accessible across a wide range of retailers in UK . The brand has built a reputation for reliability and durability, creating a loyal customer base that values performance. Additionally, its partnerships with top-tier professional cycling teams amplify its credibility in the market, reinforcing its commitment to delivering high-performance bicycles crafted with precision. Boardman Bikes has established its identity in UK Bicycle Market through a focus on performance-driven products designed primarily for competitive and recreational cyclists.

    The company is well-regarded for its range of bicycles, including road, MTB, and hybrid models, which cater to a variety of riders' needs. Boardman Bikes emphasizes innovation and quality, which is reflected in its distinctive designs and materials used in bike construction. The brand’s presence in UK is bolstered by strategic marketing efforts and collaborations that highlight its commitment to cycling culture. Boardman Bikes has pursued mergers and acquisitions to expand its product offerings and strengthen its market standing, enabling it to tap into new customer segments.

    The emphasis on providing value through competitive pricing and high-performance features continues to engage customers and foster brand loyalty, positioning Boardman Bikes as a formidable player in the evolving UK bicycle landscape.

    Key Companies in the UK Bicycle Market market include

    Industry Developments

    Recent developments in UK bicycle market reflect a growing focus on sustainability and an increase in demand for cycling as a mode of transport. Companies like Merida Industries, Boardman Bikes, and Raleigh are responding to this trend by innovating in electric bikes and expanding their product lines. Halfords has reported a steady rise in bicycle sales, attributed to a surge in cycling during the pandemic, with an emphasis on family-friendly and electric models. Meanwhile, Giant Manufacturing Co. and Trek Bicycle Corporation are enhancing their supply chains to meet increased consumer demand.

    Noteworthy, in June 2023, Specialized Bicycle Components acquired a UK-based e-bike manufacturer, enhancing its presence in the growing electric segment. Additionally, UK government continues to invest in cycling infrastructure, aiming to promote greener transport options, which is expected to fortify the market further. Recent statistics indicate a 30% increase in cycling trips between 2020 and 2022, highlighting the growing acceptance of bicycles in mainstream transport. Initiatives from Decathlon and Brompton Bicycle also focus on inclusive cycling practices, catering to diverse demographics as the market develops to meet changing consumer preferences.

    Market Segmentation

    Outlook

    • E-bikes
    • Conventional bikes

    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 3.07 (USD Billion)
    MARKET SIZE 2024 3.5 (USD Billion)
    MARKET SIZE 2035 8.0 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 7.805% (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 Merida Industries, Boardman Bikes, Raleigh, Halfords, Giant Manufacturing Co., Canyon Bicycles, Electra Bicycle Company, Scotland's Cycleworks, Pashley Cycles, Specialized Bicycle Components, Brompton Bicycle, Trek Bicycle Corporation, Frog Bikes, Cycling Sports Group, Decathlon
    SEGMENTS COVERED Application, Type
    KEY MARKET OPPORTUNITIES Electric bicycle growth potential, Urban commuting demand increase, Health and wellness trends, Sustainable transportation initiatives, Cycling tourism expansion
    KEY MARKET DYNAMICS increased environmental awareness , rising urban cycling popularity , government support and incentives , e-commerce growth in sales , technological advancements in bikes
    COUNTRIES COVERED UK

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    What is the projected market size of the UK Bicycle Market in 2024?

    The UK Bicycle Market is expected to be valued at 3.5 billion USD in 2024.

    What is the expected market size of the UK Bicycle Market by 2035?

    By 2035, the UK Bicycle Market is projected to reach a value of 8.0 billion USD.

    What is the expected CAGR for the UK Bicycle Market between 2025 and 2035?

    The expected CAGR for the UK Bicycle Market from 2025 to 2035 is 7.805 percent.

    Who are the key players in the UK Bicycle Market?

    Key players in the UK Bicycle Market include Merida Industries, Boardman Bikes, and Raleigh among others.

    What is the market value of the Recreation application in 2024?

    The Recreation application of the UK Bicycle Market is valued at 1.2 billion USD in 2024.

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

    The Transportation tools application in the UK Bicycle Market is expected to reach 3.5 billion USD by 2035.

    What is the value of the Racing application by 2035?

    By 2035, the Racing application segment is projected to be valued at 1.8 billion USD.

    What are the growth drivers for the UK Bicycle Market?

    Increased environmental awareness and a shift towards sustainable transport methods are key growth drivers for the UK Bicycle Market.

    What challenges might impact the growth of the UK Bicycle Market?

    Challenges such as supply chain disruptions and intense competition could impact the growth of the UK Bicycle Market.

    What emerging trends are present in the UK Bicycle Market?

    Emerging trends in the UK Bicycle Market include the rise of electric bicycles and smart cycling technologies.

    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. UK Bicycle Market, BY Application (USD Billion)
    45. Racing
    46. Transportation tools
    47. Recreation
    48. UK 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. Merida Industries
    67. Financial Overview
    68. Products Offered
    69. Key Developments
    70. SWOT Analysis
    71. Key Strategies
    72. Boardman Bikes
    73. Financial Overview
    74. Products Offered
    75. Key Developments
    76. SWOT Analysis
    77. Key Strategies
    78. Raleigh
    79. Financial Overview
    80. Products Offered
    81. Key Developments
    82. SWOT Analysis
    83. Key Strategies
    84. Halfords
    85. Financial Overview
    86. Products Offered
    87. Key Developments
    88. SWOT Analysis
    89. Key Strategies
    90. Giant Manufacturing Co.
    91. Financial Overview
    92. Products Offered
    93. Key Developments
    94. SWOT Analysis
    95. Key Strategies
    96. Canyon Bicycles
    97. Financial Overview
    98. Products Offered
    99. Key Developments
    100. SWOT Analysis
    101. Key Strategies
    102. Electra Bicycle Company
    103. Financial Overview
    104. Products Offered
    105. Key Developments
    106. SWOT Analysis
    107. Key Strategies
    108. Scotland's Cycleworks
    109. Financial Overview
    110. Products Offered
    111. Key Developments
    112. SWOT Analysis
    113. Key Strategies
    114. Pashley Cycles
    115. Financial Overview
    116. Products Offered
    117. Key Developments
    118. SWOT Analysis
    119. Key Strategies
    120. Specialized Bicycle Components
    121. Financial Overview
    122. Products Offered
    123. Key Developments
    124. SWOT Analysis
    125. Key Strategies
    126. Brompton Bicycle
    127. Financial Overview
    128. Products Offered
    129. Key Developments
    130. SWOT Analysis
    131. Key Strategies
    132. Trek Bicycle Corporation
    133. Financial Overview
    134. Products Offered
    135. Key Developments
    136. SWOT Analysis
    137. Key Strategies
    138. Frog Bikes
    139. Financial Overview
    140. Products Offered
    141. Key Developments
    142. SWOT Analysis
    143. Key Strategies
    144. Cycling Sports Group
    145. Financial Overview
    146. Products Offered
    147. Key Developments
    148. SWOT Analysis
    149. Key Strategies
    150. Decathlon
    151. Financial Overview
    152. Products Offered
    153. Key Developments
    154. SWOT Analysis
    155. Key Strategies
    156. References
    157. Related Reports
    158. UK Bicycle Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    159. UK Bicycle Market SIZE ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD Billions)
    160. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    161. ACQUISITION/PARTNERSHIP
    162. MARKET SYNOPSIS
    163. UK BICYCLE MARKET ANALYSIS BY APPLICATION
    164. UK 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

    UK 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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