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    US Bicycle Market

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

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

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    US Bicycle Market Infographic
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    US Bicycle Market Summary

    As per MRFR analysis, the US bicycle market Size was estimated at 9.3 USD Billion in 2024. The US bicycle market is projected to grow from 9.88 USD Billion in 2025 to 18.1 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.24% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US bicycle market is experiencing a robust growth trajectory driven by sustainability and health trends.

    • The market is increasingly oriented towards sustainability, with consumers favoring eco-friendly bicycles.
    • Technological advancements are enhancing bicycle design, making them more appealing to a broader audience.
    • Recreational cycling is on the rise, particularly among urban populations seeking leisure activities.
    • Key market drivers include urbanization and health awareness, which are propelling demand for bicycles as a mode of transport.

    Market Size & Forecast

    2024 Market Size 9.3 (USD Billion)
    2035 Market Size 18.1 (USD Billion)

    Major Players

    Giant Manufacturing Co. (TW), Trek Bicycle Corporation (US), Specialized Bicycle Components (US), Merida Industry Co. Ltd. (TW), Cannondale Bicycle Corporation (US), Bianchi (IT), Scott Sports SA (CH), Cervelo Cycles (CA)

    US Bicycle Market Trends

    The bicycle market in the United States is currently experiencing a dynamic transformation, driven by evolving consumer preferences and a growing emphasis on sustainability. As urban areas expand and traffic congestion becomes a pressing issue, more individuals are turning to bicycles as a viable mode of transportation. This shift not only promotes healthier lifestyles but also aligns with environmental goals, as cycling reduces carbon emissions. Furthermore, advancements in technology, such as electric bicycles, are enhancing the appeal of cycling, making it accessible to a broader demographic. In addition to transportation, the bicycle market is witnessing a surge in recreational cycling. Families and individuals are increasingly engaging in cycling as a leisure activity, leading to a rise in demand for various bicycle types, including mountain bikes and hybrids. Retailers are responding by diversifying their offerings and enhancing customer experiences through improved service and product knowledge. Overall, the bicycle market appears poised for continued growth, reflecting a cultural shift towards more sustainable and health-conscious living.

    Sustainability Focus

    There is a notable trend towards sustainability within the bicycle market. Consumers are increasingly prioritizing eco-friendly products, leading manufacturers to adopt greener practices. This includes using sustainable materials and promoting bicycles as a means to reduce carbon footprints.

    Technological Advancements

    The integration of technology into bicycles is becoming more prevalent. Features such as smart connectivity, GPS tracking, and electric assistance are attracting a wider audience. This trend indicates a shift towards more innovative and user-friendly cycling experiences.

    Increased Recreational Cycling

    Recreational cycling is gaining popularity, with more individuals participating in cycling for leisure and fitness. This trend is driving demand for diverse bicycle types and accessories, as consumers seek to enhance their cycling experiences.

    US Bicycle Market Drivers

    Health and Fitness Awareness

    The rising awareness of health and fitness among the US population is a crucial driver for the bicycle market. As individuals become more health-conscious, they are seeking activities that promote physical well-being. Cycling is recognized as an effective form of exercise that improves cardiovascular health, builds muscle strength, and enhances mental well-being. Recent surveys indicate that nearly 50% of adults in the US engage in regular cycling for fitness purposes. This trend is likely to propel the bicycle market forward, as manufacturers respond to the demand for high-quality bicycles designed for fitness enthusiasts. Additionally, community cycling events and fitness programs are further encouraging participation, creating a robust market for bicycles.

    Environmental Regulations and Policies

    Increasing environmental regulations and policies in the US are shaping the bicycle market. Governments at various levels are implementing initiatives aimed at reducing carbon emissions and promoting sustainable transportation. For instance, tax incentives for electric bicycles and funding for bike-sharing programs are becoming more common. These policies not only encourage individuals to choose bicycles over motor vehicles but also stimulate growth in the bicycle market. Data suggests that states with strong bicycle-friendly policies have experienced a 20% increase in bicycle sales. As environmental concerns continue to rise, the bicycle market is poised to expand, driven by both consumer demand and supportive governmental frameworks.

    Technological Innovations in Bicycle Design

    Technological innovations are playing a pivotal role in the evolution of the bicycle market. Advances in materials science and engineering have led to the development of lighter, more durable bicycles that enhance performance and user experience. Features such as integrated GPS, smart connectivity, and electric assist are becoming increasingly popular among consumers. The introduction of e-bikes has particularly transformed the market, appealing to a broader demographic, including commuters and recreational cyclists. Recent market analysis indicates that e-bikes account for approximately 15% of total bicycle sales in the US, a figure that is expected to grow. The bicycle market is likely to continue evolving as manufacturers invest in research and development to meet the changing preferences of consumers.

    Urbanization and Infrastructure Development

    The ongoing trend of urbanization in the US is significantly influencing the bicycle market. As cities expand and populations increase, there is a growing demand for sustainable transportation options. Urban planners are increasingly incorporating bicycle lanes and infrastructure into city designs, which encourages cycling as a viable mode of transport. According to recent data, cities with dedicated bike lanes have seen a rise in cycling rates by approximately 30%. This shift not only promotes healthier lifestyles but also reduces traffic congestion and pollution. The bicycle market is likely to benefit from these developments, as more individuals opt for bicycles over cars for short commutes, thereby increasing sales and fostering a culture of cycling in urban areas.

    Rising Interest in Eco-Friendly Transportation

    The growing interest in eco-friendly transportation options is a significant driver for the bicycle market. As awareness of climate change and environmental issues increases, more consumers are seeking sustainable alternatives to traditional vehicles. Bicycles are viewed as a low-impact mode of transport that contributes to reducing carbon footprints. Recent studies show that nearly 60% of consumers in the US are willing to switch to bicycles for short trips to minimize their environmental impact. This shift in consumer behavior is likely to bolster the bicycle market, as manufacturers respond with eco-friendly products and marketing strategies that emphasize sustainability. The trend suggests a promising future for the bicycle market as it aligns with broader societal values.

    Market Segment Insights

    By Type: E-Bikes (Largest) vs. Conventional Bikes (Fastest-Growing)

    In the US bicycle market, the market share is significantly leaned towards E-Bikes, which have become increasingly popular due to their convenience and environmental benefits. Conventional Bikes, while still holding a notable position, are being overshadowed by the rapid rise of E-Bikes. Both segments have their dedicated customer bases, but the shift towards more advanced technologies has led to a substantial change in preferences among consumers. The growth trends indicate a robust increase in demand for E-Bikes, driven by advancements in battery technologies and urban mobility trends favoring eco-friendly transportation options. Conversely, Conventional Bikes have also experienced a revival, particularly among fitness enthusiasts and traditionalists. Overall, both segments showcase unique traits and cater to varied consumer needs, but E-Bikes stand out as the preferred choice for modern riders.

    E-Bikes (Dominant) vs. Conventional Bikes (Emerging)

    E-Bikes dominate the US bicycle market, appealing to a broad audience ranging from commuters to recreational riders. Their electric assistance enhances riding ease, making them an attractive choice for urban dwellers and those seeking an alternative to traditional transportation. Features like improved range and efficient battery usage further cement their market position. On the other hand, Conventional Bikes continue to hold a strong appeal, particularly within the fitness community and among cycling purists. They symbolize a classic cycling experience and cater to consumers who appreciate simplicity and mechanical integrity. As health consciousness rises, Conventional Bikes are emerging as a viable option, leading to a resurgence in their popularity.

    By Application: Racing (Largest) vs. Recreation (Fastest-Growing)

    In the US bicycle market, the application segment is primarily dominated by Racing, capturing a significant market share. Racing bicycles are preferred by enthusiasts and competitive cyclists, leading to substantial sales in this category. In contrast, the Transportation Tools segment, while important, holds a smaller portion of the market compared to Racing, with Recreation bicycles gaining traction among casual riders and families, thus augmenting its share. The growth trends in this segment reveal a dynamic shift, particularly with the rise of the Recreation segment which is experiencing rapid growth driven by increasing outdoor activities and the push for greener transportation alternatives. The growing interest in cycling as a leisure activity, coupled with urbanization and infrastructure development for cycling paths, contributes to the emergence of Recreation as a viable contender in the market. This trend indicates a changing consumer preference that favors versatility and accessibility in bicycle applications.

    Racing (Dominant) vs. Recreation (Emerging)

    The Racing segment represents the dominant force in the US bicycle market, primarily driven by competitive events and a culture of performance among cyclists. Products in this category are engineered for speed and efficiency, appealing to serious cyclists who prioritize aerodynamics and lightweight materials. On the other hand, the Recreation segment is emerging robustly as consumers increasingly seek leisure activities that combine fitness and enjoyment. Bikes in this segment are designed for comfort and usability, appealing to families and casual users looking for a fun experience. This dual focus on performance in Racing and accessibility in Recreation highlights the diverse needs of consumers in the growing bicycle market.

    Get more detailed insights about US Bicycle Market

    Key Players and Competitive Insights

    The bicycle market in the US is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and evolving consumer preferences. Major players such as Trek Bicycle Corporation (US), Specialized Bicycle Components (US), and Giant Manufacturing Co. (TW) are at the forefront, each adopting distinct strategies to enhance their market positioning. Trek Bicycle Corporation (US) emphasizes sustainability through its commitment to eco-friendly materials and manufacturing processes, while Specialized Bicycle Components (US) focuses on technological advancements in bike design and performance. Giant Manufacturing Co. (TW) leverages its extensive global supply chain to optimize production efficiency, thereby maintaining competitive pricing. Collectively, these strategies contribute to a moderately fragmented market structure, where innovation and brand loyalty play crucial roles in shaping competitive dynamics.

    Key business tactics within the bicycle market include localizing manufacturing and optimizing supply chains to respond swiftly to market demands. The competitive structure remains moderately fragmented, with several key players exerting influence over market trends. This fragmentation allows for niche brands to thrive alongside established giants, fostering a diverse range of offerings that cater to various consumer segments. The collective influence of these players drives continuous innovation and responsiveness to consumer needs, further intensifying competition.

    In October 2025, Trek Bicycle Corporation (US) announced a partnership with a leading tech firm to integrate AI-driven analytics into its product development process. This strategic move aims to enhance customer experience by utilizing data to tailor bike features to specific user preferences. The integration of AI not only positions Trek as a leader in technological innovation but also reflects a broader trend within the industry towards data-driven decision-making.

    In September 2025, Specialized Bicycle Components (US) launched a new line of electric bicycles designed for urban commuting, emphasizing sustainability and efficiency. This product line aims to capture the growing demand for eco-friendly transportation solutions. By focusing on urban mobility, Specialized is likely to attract a new demographic of environmentally conscious consumers, thereby expanding its market share in a competitive segment.

    In August 2025, Giant Manufacturing Co. (TW) unveiled a new manufacturing facility in the US, aimed at reducing lead times and enhancing supply chain reliability. This strategic investment not only demonstrates Giant's commitment to local production but also positions the company to better respond to fluctuations in consumer demand. The establishment of this facility is indicative of a broader trend towards localized manufacturing within the industry, as companies seek to mitigate supply chain disruptions.

    As of November 2025, current competitive trends in the bicycle market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing market reach. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition towards a focus on innovation, technology, and supply chain reliability. This transition underscores the importance of adaptability and forward-thinking strategies in navigating the complexities of the modern bicycle market.

    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.

    Future Outlook

    US Bicycle Market Future Outlook

    The bicycle market is projected to grow at a 6.24% CAGR from 2024 to 2035, driven by urbanization, eco-consciousness, and technological advancements.

    New opportunities lie in:

    • Expansion of e-commerce platforms for bicycle sales
    • Development of smart bicycles with integrated technology
    • Partnerships with urban planners for bike lane infrastructure

    By 2035, the market is expected to achieve robust growth and increased consumer engagement.

    Market Segmentation

    US Bicycle Market Type Outlook

    • E-Bikes
    • Conventional Bikes

    US Bicycle Market Application Outlook

    • Racing
    • Transportation Tools
    • Recreation

    Report Scope

    MARKET SIZE 2024 9.3(USD Billion)
    MARKET SIZE 2025 9.88(USD Billion)
    MARKET SIZE 2035 18.1(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 6.24% (2024 - 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 Giant Manufacturing Co. (TW), Trek Bicycle Corporation (US), Specialized Bicycle Components (US), Merida Industry Co. Ltd. (TW), Cannondale Bicycle Corporation (US), Bianchi (IT), Scott Sports SA (CH), Cervelo Cycles (CA)
    Segments Covered Type, Application
    Key Market Opportunities Growing demand for electric bicycles driven by sustainability trends and urban mobility initiatives.
    Key Market Dynamics Rising consumer preference for sustainable transportation fuels growth in the bicycle market, driving innovation and competition.
    Countries Covered US

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    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.

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