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

US Bicycle Market

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

US Bicycle Market Overview:

As per MRFR analysis, the US Bicycle Market Size was estimated at 16.32 (USD Billion) in 2023. The US Bicycle Market Industry is expected to grow from 19.7(USD Billion) in 2024 to 36.08 (USD Billion) by 2035. The US Bicycle Market CAGR (growth rate) is expected to be around 5.654% during the forecast period (2025 - 2035).

Key US Bicycle Market Trends Highlighted

The US Bicycle Market is experiencing notable trends driven by increasing health awareness and the demand for eco-friendly transportation solutions. With a rising number of Americans embracing active lifestyles, cycling has become a popular choice for exercise and commuting. This shift is fueled by efforts from various local governments to promote cycling through improved infrastructure such as dedicated bike lanes and trails. This focus on sustainability and healthier living is encouraging more people to consider bicycles as a viable mode of transport. Additionally, there is a growing interest in electric bicycles, which are seen as a convenient solution for both commuting and recreational use.The proliferation of e-bikes enhances the appeal of cycling to a broader demographic, including those who may have previously been deterred by physical limitations. The push for cleaner commuting options is a significant element driving the integration of electric bicycles into urban mobility solutions across the country. Opportunities within the US Bicycle Market include tapping into the youth market and diverse demographics by offering varied product lines that cater to different styles, interests, and price points. Engaging in community-focused initiatives such as cycling events, safety workshops, and bike-sharing programs can help brands better connect with consumers while fostering a cycling culture.In recent times, there has been an uptick in online retail for bicycles and accessories due to the convenience of e-commerce, making bikes more accessible. Cycling-related technology, including smart helmets and fitness tracking apps, is also on the rise, offering innovative features that enhance the cycling experience, thus appealing to tech-savvy consumers across the US. These trends indicate a dynamic and evolving landscape within the US Bicycle Market, driven by changing consumer preferences and a stronger focus on health and environmental consciousness.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Bicycle Market Drivers

Increasing Demand for Eco-Friendly Transportation

The rising awareness of environmental sustainability has significantly fueled the demand for eco-friendly transportation options, including bicycles. In the United States, the Environmental Protection Agency has reported that transportation accounts for nearly 29% of total greenhouse gas emissions, which has prompted a shift towards more sustainable practices. This shift is supported by various initiatives, such as the Bicycle Friendly Community program by the League of American Bicyclists, which encourages cities to improve cycling infrastructure and promote cycling as a viable mode of transportation.As consumers seek alternatives to fossil fuel-powered vehicles, the US Bicycle Market Industry is expected to benefit from this increasing demand for bicycles as a cleaner, greener choice. Furthermore, a survey conducted by the National Association of City Transportation Officials indicated that 53% of Americans would consider cycling for commuting if more bike lanes were available, highlighting the potential for market growth in this sector.

Increase in Health Consciousness among Consumers

A growing trend in health consciousness is driving individuals towards cycling as a form of physical exercise, thereby expanding the US Bicycle Market Industry. According to the Centers for Disease Control and Prevention, only 23% of Americans meet the recommended guidelines for physical activity, prompting initiatives aimed at increasing activity levels. As a result, cycling is increasingly recognized as a fun and effective way to improve fitness and overall well-being.Studies published by the American Journal of Public Health have shown that regular cycling can reduce the risk of chronic diseases, driving consumers towards investing in bicycles. This increasing focus on health and fitness is expected to continue driving bicycle sales and participation in cycling events across the United States.

Government Support and Investment in Cycling Infrastructure

Government policies and financial investments into cycling infrastructure are significant drivers of growth in the US Bicycle Market Industry. In recent years, the federal government has allocated billions in funding for cycling infrastructure improvements, including bike paths and lanes, through programs like the Transportation Alternatives Program. The U.S. Department of Transportation stated that investments in cycling infrastructure not only improve safety but also stimulate local economies.In 2020, a report from the National Highway Traffic Safety Administration revealed that facilities designed for cyclists can lead to a 30% increase in ridership within urban areas. This trend underscores the importance of government involvement in fostering an environment that promotes biking as a viable and safe means of transportation.

US Bicycle Market Segment Insights:

Bicycle Market Application Insights

The Application segment of the US Bicycle Market has gained momentum in recent years, reflecting a significant shift in consumer preferences towards various uses of bicycles. This segment can be primarily delineated into three key categories: Racing, Transportation tools, and Recreation. Racing bicycles have seen increased popularity due to the surge in competitive cycling events and recreational race participation, driving enthusiasts to invest in high-performance bicycles that cater to their competitive needs. Simultaneously, bicycles are increasingly being recognized as efficient Transportation tools, offering a sustainable alternative for short-distance commuting, especially in urban environments, where congestion and environmental concerns grow daily.This trend is bolstered by initiatives from various municipal bodies promoting cycling for transportation, thus enhancing community health and reducing carbon footprints. The Recreation aspect encompasses a diverse range of cycling activities ideal for fitness, leisure, and family outings. The growing inclination towards outdoor recreational activities has contributed to the demand for versatile bicycles that offer comfort and usability. The US Bicycle Market segmentation shows that while Racing bicycles attract a niche of performance-focused riders, Transportation and Recreational bicycles appeal to the broader population, highlighting the versatility and multifaceted nature of cycling in Americans' daily lives.Opportunities abound in this market as fitness trends persist and urban planning increasingly favors cycling infrastructure. However, challenges also emerge, such as the need for improved safety measures and increased awareness on the benefits of cycling. Overall, the Application segment of the US Bicycle Market reflects the evolving landscape of consumer demands, where bicycles serve not only as tools for recreation but also as vital components of modern transportation solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Bicycle Market Type Insights

The US Bicycle Market demonstrates a diverse segmentation, particularly through the Type category, which encompasses various forms of bicycles such as E-bikes and Conventional bikes. E-bikes have gained significant traction in recent years, driven by increasing urbanization and heightened awareness of sustainability, making them a preferred choice for commuters seeking efficient and eco-friendly transportation solutions. In contrast, Conventional bikes continue to hold a substantial share, appealing to traditional cycling enthusiasts and recreational users.The dual demand for E-bikes, with their enhanced features such as electric propulsion and smart technology, and Conventional bikes, fostering a healthy and active lifestyle, illustrates the dynamic nature of the US Bicycle Market. Furthermore, with the growing emphasis on fitness and outdoor activities post-pandemic, the market has witnessed rising participation rates in cycling across diverse demographics. Industry statistics reflect a substantial trend towards alternative mobility solutions, aligning with governmental initiatives to promote green transport practices.The continued evolution of the market indicates that while E-bikes are becoming increasingly popular, Conventional bikes remain a cornerstone of the cycling industry in the United States.

US Bicycle Market Key Players and Competitive Insights:

The US Bicycle Market is characterized by a dynamic and competitive landscape, driven by an increasing demand for sustainable transportation, wellness, and outdoor recreational activities. With a growing awareness of environmental issues, more consumers are shifting towards cycling not only as a leisure activity but also as a primary mode of transport. This shift has attracted various players from both established bicycle manufacturers and new entrants, fueling innovation, diversifying product offerings, and intensifying competition. Key factors influencing the market include changing consumer preferences, technological advancements in bike design and materials, and evolving regulations regarding urban mobility and transportation infrastructure. As a result, companies operating within this sector are constantly striving to enhance their brand positioning, develop unique selling propositions, and expand their market reach to capture a larger share of the potential customer base.Accell Group has established a commendable presence in the US Bicycle Market through its commitment to quality and innovation. The company's strengths lie in its expansive portfolio of brands that cater to diverse consumer needs, from performance road bikes to casual leisure options. Accell Group focuses on sustainable practices and product development, which attracts environmentally conscious consumers. Their strong distribution network enhances market accessibility and ensures that products reach a wide audience. Activities such as targeted marketing strategies and collaborations with local retailers further strengthen their market presence. Alongside their dedication to customer service and community engagement, Accell Group continues to leverage its competitive advantages to solidify its position in the evolving bicycle marketplace.Tern Bicycles stands out in the US Bicycle Market with its specialization in folding bicycles that emphasize portable design, convenience, and versatility. The brand caters to urban commuters and recreational cyclists who prioritize efficiency without compromising ride quality. Key products offered by Tern include a range of folding bikes designed to fit into city lifestyles, appealing to an audience that values practicality. Tern Bicycles prides itself on its innovative approach to design and engineering, ensuring that its bikes are user-friendly and meet the demands of modern riders. The company has actively pursued partnerships and collaborations in the bicycle industry, which have enhanced its visibility and market presence in the US. Tern's focus on high-quality manufacturing and customer satisfaction solidifies its reputation as a trusted name in the folding bicycle segment, establishing a noteworthy position among consumers who seek alternative urban transport solutions.

Key Companies in the US Bicycle Market Include:

Accell Group

Tern Bicycles

Jamis Bicycles

HarleyDavidson

Cannondale

Surly Bikes

KHS Bicycles

Trek Bicycle Corporation

Visionary Manufacturing

Electra Bicycle Company

Giant Manufacturing Co

Santa Cruz Bicycles

Bianchi

Specialized Bicycle Components

Pivot Cycles

US Bicycle Market Industry Developments

Recent developments in the US Bicycle Market indicate a growing trend in the adoption of e-bikes, with several companies reporting an increase in sales attributed to the demand for eco-friendly transportation. In September 2023, Accell Group announced plans to expand its distribution network to improve accessibility for its brands, including Tern Bicycles and Jamis Bicycles. Additionally, Cannondale has launched new product lines aimed at urban commuters, capitalizing on the shift toward city cycling. In terms of mergers and acquisitions, Trek Bicycle Corporation in October 2023 acquired a minority stake in Specialized Bicycle Components to enhance collaborative projects in sustainability. The market has seen significant growth with companies like Giant Manufacturing Co. and Electra Bicycle Company recording increased valuations in the wake of rising fuel prices and an emphasis on healthier lifestyles. Over the last few years, the US Bicycle Market has undergone transformative changes, especially in 2021 when the demand surged due to the pandemic, emphasizing outdoor activities. As the market continues to thrive, industry leaders are investing heavily in Research and Development to innovate new cycling technologies and improve consumer experiences.

US Bicycle Market Segmentation Insights

Bicycle Market Application Outlook

Racing

Transportation tools

Recreation

Bicycle Market Type Outlook

E-bikes

Conventional bikes

Report Scope: ,,,,,,,,,,,,,

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	16.32(USD Billion)
MARKET SIZE 2024	19.7(USD Billion)
MARKET SIZE 2035	36.08(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.654% (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	Accell Group, Tern Bicycles, Jamis Bicycles, HarleyDavidson, Cannondale, Surly Bikes, KHS Bicycles, Trek Bicycle Corporation, Visionary Manufacturing, Electra Bicycle Company, Giant Manufacturing Co, Santa Cruz Bicycles, Bianchi, Specialized Bicycle Components, Pivot Cycles
SEGMENTS COVERED	Application, Type
KEY MARKET OPPORTUNITIES	Electric bike growth, Urban cycling infrastructure development, Sustainable and eco-friendly materials, Health and fitness trends, Ride-sharing and bike rental services
KEY MARKET DYNAMICS	growing eco-conscious consumer base, increasing urban cycling infrastructure, rising health and fitness awareness, expansion of e-bike segment, emergence of bicycle-sharing programs
COUNTRIES COVERED	US