• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    US Bicycle Market

    ID: MRFR/AM/16698-HCR
    128 Pages
    Sejal Akre
    September 2025

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

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    US Bicycle Market Research Report – Global Forecast till 2035 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0
    Table of Contents

    US Bicycle Market Summary

    The US Bicycle market is projected to grow from 17.5 USD Billion in 2024 to 35 USD Billion by 2035.

    Key Market Trends & Highlights

    US Bicycle Key Trends and Highlights

    • The US Bicycle market is valued at 17.5 USD Billion in 2024 and is expected to reach 35 USD Billion by 2035.
    • The market is anticipated to grow at a compound annual growth rate of 6.5% from 2025 to 2035.
    • Increasing consumer interest in sustainable transportation options is driving market growth.
    • Growing adoption of electric bicycles due to rising environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 17.5 (USD Billion)
    2035 Market Size 35 (USD Billion)
    CAGR (2025-2035) 6.5%

    Major Players

    Raleigh, Electra Bicycle Company, Bianchi, Nishiki, Surly Bikes, Specialized Bicycle Components, GT Bicycles, Felt Bicycles, Giant Bicycle, Trek Bicycle Corporation, Diamondback, Santa Cruz Bicycles, Haro Bikes, Cannondale, KHS Bicycles

    US Bicycle Market Trends

    US Bicycle Market is currently witnessing notable trends that are significantly shaping its landscape. Increasing health consciousness among consumers is one of the key market drivers, pushing more individuals to view cycling as an excellent way to stay fit while also reducing their carbon footprint. Furthermore, the growing focus on environmentally friendly transportation alternatives align with government initiatives that promote cycling infrastructure. This is not only evident in urban planning but also in the expansion of bike lanes and bike-sharing programs in major cities across US, making cycling more accessible and appealing to a broader audience.

    Opportunities in US Bicycle Market include the potential to cater to diverse consumer segments, such as commuters, recreational users, and competitive cyclists. Electric bicycles, commonly known as e-bikes, are gaining substantial traction as they address barriers related to distance and physical exertion, opening avenues for both new and seasoned cyclists. The trend of combining sustainability with technology is being explored, with innovative bike designs and features appealing to environmentally minded consumers. In recent times, the rise of online retail has transformed how bicycles and cycling accessories are marketed and sold.

    This shift allows for a more significant reach to different demographics, particularly younger consumers who prefer shopping online.

    Additionally, the emphasis on local community engagement and bike advocacy groups has fostered a culture that promotes cycling not only as a mode of transport but also as a lifestyle choice. Overall, these evolving trends indicate a dynamic shift in US Bicycle Market, highlighting health, sustainability, and accessibility as vital components driving the industry's growth.

    US Bicycle Market Drivers

    Market Segment Insights

    Bicycle Market Application Insights

    The Application segment of US Bicycle Market highlights a dynamic shift towards diverse usage patterns, emphasizing specializations like Racing, Transportation tools, and Recreation. The rising interest in health and fitness has propelled the recreation segment, making cycling a popular leisure activity. With urban development focusing on eco-friendly transportation, bicycles emerge as reliable transportation tools, integrating seamlessly into daily commuting in cities and contributing to reduced carbon footprints. Cycling events and competitions continue to attract enthusiasts, thus boosting the racing segment significantly.

    This creates a vibrant market landscape where bicycles are not only perceived as a mode of transport but also as part of a lifestyle choice, signifying an overall needle shift in consumer preferences. As urban areas increasingly invest in cycling infrastructure, opportunities abound for further enhancing the visibility and utilization of bicycles for practical purposes, health, and competitive environments alike. Collectively, these factors solidify the Application segment's crucial role in the evolving US Bicycle Market, with substantial implications for market strategies and product development.

    Travelers and commuters are opting for bicycles, viewing them as viable alternatives to conventional vehicles, which enhances the importance of the transportation tools segment. This not only reflects changing consumer behavior but also aligns with broader sustainability goals promoted by various governmental initiatives, thus enriching US Bicycle Market revenue framework. Ultimately, as segments like Racing gain momentum through event funding and sponsorships, and Recreation increasingly captures family and casual users, the market continues to expand and diversify, showcasing the various dimensions of the bicycle as an essential aspect of modern society.

    Bicycle Market Type Insights

    US Bicycle Market has shown robust growth with a clear segmentation based on Type, particularly featuring E-bikes and Conventional bikes. E-bikes have captured a significant share of the market, provided convenience and encouraging newer cyclists to engage in sustainable commuting. Their rise is attributed to advancements in battery technology and increasing environmental awareness among consumers, contributing to their increasing popularity across urban areas. On the other hand, Conventional bikes remain a staple choice, favored for recreational activities and fitness.

    They appeal to a broad demographic, especially those investing in health and outdoor experiences. The rising trend of outdoor activities in US is fostering demand for both types, with cities investing in infrastructure to support cycling. This enhanced focus on sustainability and health is expected to drive US Bicycle Market revenue, fostering opportunities for innovation and growth in manufacturing as these segments adapt to consumer demands and preferences. Notably, the evolving lifestyle choices among Americans further accentuate the importance of these segments in achieving market growth and a more bike-friendly environment.

    Get more detailed insights about US Bicycle Market Research Report – Global Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    US Bicycle Market has become increasingly competitive over the past few years, driven by a growing interest in cycling as a means of transportation, recreation, and fitness. This surge in popularity has attracted numerous industry players, each striving to establish a strong foothold. The market features a wide range of bicycles, from traditional road and mountain bikes to electric bicycles and niche products catering to specific consumer needs. As the landscape evolves, companies are leveraging innovative designs, advanced technology, and sustainability initiatives to differentiate themselves and capture consumer attention.

    Market dynamics are influenced by factors such as demographic trends, urbanization, and a heightened focus on health and wellness, all contributing to the competitive nature of this vibrant sector.

    In the context of US Bicycle Market, Raleigh has solidified its position through a blend of classic heritage and modern innovation. The brand is renowned for its diverse range of bicycles that appeal to various demographics, including city commuters, recreational cyclists, and serious athletes. Raleigh's strengths lie in its established reputation for quality, durability, and performance, which resonate with consumers looking for reliable cycling options. The company also emphasizes community engagement and cycling advocacy, creating a loyal customer base that values its commitment to promoting cycling as a lifestyle.

    With a robust distribution network across retail channels, Raleigh effectively reaches its target audience, ensuring a significant market presence while continuously exploring opportunities for growth through new product developments that align with evolving consumer preferences.

    Electra Bicycle Company has carved a niche for itself within US Bicycle Market, particularly with its emphasis on lifestyle-oriented bicycles that combine style with functionality. Known for its laid-back cruiser bikes, Electra appeals to casual riders and those looking for comfortable, aesthetically pleasing options for urban commuting and leisure. The company's strengths include a vibrant design ethos that resonates with consumers and a commitment to enhancing the biking experience through innovative features, such as patented technologies. Electra has successfully positioned itself in the market by focusing on unique branding efforts and strategic partnerships, contributing to its visibility and recognition.

    Moreover, through various mergers and acquisitions, Electra has expanded its product lineup and market reach, ensuring it stays competitive amidst the dynamic trends in the bicycle industry while continuing to emphasize its core value of fun and freedom in cycling.

    Key Companies in the US Bicycle Market market include

    Industry Developments

    Recent developments in US Bicycle Market have shown significant growth, propelled by the continued surge in cycling demand stemming from the COVID-19 pandemic. Key players like Trek Bicycle Corporation, Specialized Bicycle Components, and Giant Bicycle have reported increased sales, with overall bicycle sales in US rising by over 20% in the past fiscal year. Additionally, various companies such as Cannondale and Haro Bikes have expanded their product lines to cater to an evolving consumer base that favors electric bicycles and high-performance models.

    A notable acquisition involved the purchasing of Felt Bicycles by the Swedish firm Advanced Sports Enterprises in March 2022, marking a strategic move to enhance their portfolio in the e-bike segment. Furthermore, US government has made investments in cycling infrastructure, advocating for greener transportation alternatives, which further ignites interest and participation in cycling activities. Overall, the bicycle market is experiencing dynamic shifts influenced by consumer preferences, operational expansions, and supportive policies geared toward sustainable transportation solutions.

    Market Segmentation

    Bicycle Market Type Outlook

    • E-bikes
    • Conventional bikes

    Bicycle Market Application Outlook

    • Racing
    • Transportation tools
    • Recreation

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 16.32 (USD Billion)
    Market Size 2024 17.5 (USD Billion)
    Market Size 2035 35.0 (USD Billion)
    Compound Annual Growth Rate (CAGR) 6.504% (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 Raleigh, Electra Bicycle Company, Bianchi, Nishiki, Surly Bikes, Specialized Bicycle Components, GT Bicycles, Felt Bicycles, Giant Bicycle, Trek Bicycle Corporation, Diamondback, Santa Cruz Bicycles, Haro Bikes, Cannondale, KHS Bicycles
    Segments Covered Application, Type
    Key Market Opportunities Electric bicycles growth, Sustainability in materials, Urban cycling infrastructure investment, Bicycle-sharing programs expansion, Health and fitness trend integration
    Key Market Dynamics increasing urbanization , growing environmental awareness , rise in health consciousness , e-commerce expansion , bike-sharing popularity
    Countries Covered US

    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.

    Leave a Comment

    FAQs

    What is the expected market size of the US Bicycle Market in 2024?

    The US Bicycle Market is expected to be valued at 17.5 billion USD in 2024.

    What will be the projected market size of the US Bicycle Market by 2035?

    By 2035, the US Bicycle Market is anticipated to reach a total value of 35.0 billion USD.

    What is the compound annual growth rate (CAGR) for the US Bicycle Market from 2025 to 2035?

    The US Bicycle Market is expected to grow at a CAGR of 6.504 percent from 2025 to 2035.

    Which application segment will have the highest market value in the US Bicycle Market in 2024?

    The Recreation application segment is expected to have the highest market value at 8.0 billion USD in 2024.

    What is the anticipated market size for the Racing application segment by 2035?

    The Racing application segment is projected to reach a market size of 8.0 billion USD by 2035.

    Who are the key players in the US Bicycle Market?

    Major players in the market include Specialized Bicycle Components, Trek Bicycle Corporation, and Cannondale.

    What is the expected market size for the Transportation tools application in 2024?

    The Transportation tools application segment is expected to be valued at 5.5 billion USD in 2024.

    What market growth opportunities exist in the US Bicycle Market?

    Opportunities include increasing demand for eco-friendly transportation and recreational cycling.

    What is the anticipated size of the US Bicycle Market for the Recreation application by 2035?

    The Recreation application segment is projected to grow to 16.0 billion USD by 2035.

    How will regional trends impact the US Bicycle Market?

    Regional trends will influence market dynamics, as urban areas are likely to see increased demand for bicycles.

    What is the projected market size of the US Bicycle Market by 2035?

    By 2035, the US Bicycle Market is projected to reach a valuation of 36.08 billion USD.

    What is the expected CAGR for the US Bicycle Market from 2025 to 2035?

    The expected compound annual growth rate for the US Bicycle Market from 2025 to 2035 is 5.654%.

    Which application segment is forecasted to have the highest market value by 2035?

    The Transportation tools segment is forecasted to reach a market value of 17.4 billion USD by 2035.

    What is the market value of the Racing segment in 2024?

    The Racing segment is valued at 4.2 billion USD in the year 2024.

    Which companies are considered key players in the US Bicycle Market?

    Key players in the US Bicycle Market include Trek Bicycle Corporation, Cannondale, and Specialized Bicycle Components.

    What is the market value of the Recreation segment in 2035?

    The Recreation segment is anticipated to be valued at 10.9 billion USD by 2035.

    What is the projected market value of the Transportation tools segment in 2024?

    In 2024, the Transportation tools segment is projected to have a market value of 9.5 billion USD.

    How is the US Bicycle Market expected to grow in the next decade?

    The US Bicycle Market is expected to have significant growth, driven by the rising demand for eco-friendly transportation options.

    What major trend is influencing the US Bicycle Market currently?

    An emerging trend influencing the market is the growing popularity of cycling as a recreational and transportation activity.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
    3. Market Overview
      1. Key Findings
      2. Market Segmentation
    4. Competitive Landscape
      1. Challenges and Opportunities
      2. Future Outlook
    5. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research Objective
        2. Assumption
        3. Limitations
    6. RESEARCH METHODOLOGY
      1. Overview
    7. Data Mining
      1. Secondary Research
      2. Primary Research
    8. Primary Interviews and Information Gathering Process
      1. Breakdown of Primary
    9. Respondents
      1. Forecasting Model
      2. Market Size Estimation
    10. Bottom-Up Approach
      1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    11. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    12. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s Five Forces
    13. Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining Power
    14. of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    15. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    16. Threat Analysis
    17. U.S. BICYCLE MARKET, BY APPLICATION (USD
    18. BILLION)
      1. Racing
      2. Transportation tools
      3. Recreation
    19. U.S. BICYCLE MARKET, BY TYPE (USD BILLION)
      1. E-bikes
    20. Conventional bikes
    21. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major
    22. Growth Strategy in the Bicycle Market
      1. Competitive Benchmarking
    23. Leading Players in Terms of Number of Developments in the Bicycle Market
    24. Key developments and growth strategies
      1. New Product Launch/Service Deployment
        1. Merger & Acquisitions
        2. Joint Ventures
      2. Major
    25. Players Financial Matrix
      1. Sales and Operating Income
        1. Major
    26. Players R&D Expenditure. 2023
    27. COMPANY PROFILES
      1. Raleigh
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Electra Bicycle
    28. Company
      1. Financial Overview
        1. Products Offered
    29. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    30. Bianchi
      1. Financial Overview
        1. Products Offered
    31. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    32. Nishiki
      1. Financial Overview
        1. Products Offered
    33. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    34. Surly Bikes
      1. Financial Overview
        1. Products Offered
    35. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    36. Specialized Bicycle Components
      1. Financial Overview
        1. Products
    37. Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key
    38. Strategies
      1. GT Bicycles
        1. Financial Overview
        2. Products
    39. Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key
    40. Strategies
      1. Felt Bicycles
        1. Financial Overview
    41. Products Offered
      1. Key Developments
        1. SWOT Analysis
    42. Key Strategies
      1. Giant Bicycle
        1. Financial Overview
    43. Products Offered
      1. Key Developments
        1. SWOT Analysis
    44. Key Strategies
      1. Trek Bicycle Corporation
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    45. Analysis
      1. Key Strategies
      2. Diamondback
        1. Financial
    46. Overview
      1. Products Offered
        1. Key Developments
    47. SWOT Analysis
      1. Key Strategies
      2. Santa Cruz Bicycles
    48. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. Haro Bikes
        1. Financial Overview
        2. Products Offered
        3. Key
    49. Developments
      1. SWOT Analysis
        1. Key Strategies
    50. Cannondale
      1. Financial Overview
        1. Products Offered
    51. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    52. KHS Bicycles
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
    53. APPENDIX
      1. References
      2. Related Reports
    54. LIST
    55. OF TABLES
    56. SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS)
    57. U.S. BICYCLE MARKET SIZE ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD BILLIONS)
    58. U.S. BICYCLE MARKET ANALYSIS BY APPLICATION
    59. ANALYSIS BY TYPE
    60. RESEARCH PROCESS OF MRFR
    61. DRIVERS IMPACT ANALYSIS: BICYCLE MARKET
    62. BICYCLE MARKET
    63. BICYCLE MARKET, BY APPLICATION, 2024 (% SHARE)
    64. BY APPLICATION, 2019 TO 2035 (USD Billions)
    65. TYPE, 2024 (% SHARE)
    66. Billions)

    U.S. 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
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials