GITNUXREPORT 2025

Bicycle Industry Statistics

Global bicycle market grows rapidly, driven by e-bikes and urban cycling trends.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The increase in cycling commuting in urban areas led to a 15% increase in bicycle lane infrastructure funding in 2022 across major cities

Statistic 2

The average cost of a bicycle in the US ranges from $330 to $502, depending on the type

Statistic 3

The demand for lightweight road bicycles increased by 15% in 2022, especially among competitive cyclists

Statistic 4

According to Nielsen, 28% of Americans aged 18-34 considered buying a bicycle in 2022, reflecting increased youth participation in cycling

Statistic 5

About 90% of the bicycles sold in India are middle-class or budget models priced under USD 300

Statistic 6

The most popular bicycle color in the US in 2022 was black, accounting for 38% of sales, followed by red at 22%

Statistic 7

The percentage of women cycling regularly increased from 14% in 2019 to 21% in 2022 globally, reflecting increased gender diversity

Statistic 8

The average speed of city cycling in urban areas is approximately 15 km/h (9.3 mph), ideal for commuting purposes

Statistic 9

Over 50% of new bicycle purchases in 2022 were made by consumers aged 35-54, showing this demographic’s increasing interest in cycling

Statistic 10

The global bicycle market was valued at approximately USD 54.4 billion in 2020

Statistic 11

Bicycle sales in the United States increased by 60% during the COVID-19 pandemic in 2020

Statistic 12

The European bicycle market is expected to grow at a CAGR of 6.5% from 2021 to 2028

Statistic 13

About 85 million bicycles are sold annually in China, making it the largest bicycle market globally

Statistic 14

E-bikes accounted for 40% of the overall bicycle sales in Europe in 2022

Statistic 15

The global e-bike market is projected to reach USD 35.88 billion by 2027, with a CAGR of 7.9%

Statistic 16

The United States saw over 18 million bicycles sold in 2021, an increase from 15 million in 2020

Statistic 17

In 2020, about 22 million Americans aged 5 and above used a bicycle, representing roughly 8.4% of the population

Statistic 18

The Asia-Pacific bicycle market is expected to grow at a CAGR of 5.8% from 2021 to 2026

Statistic 19

The number of cycling trips in the US increased by 40% during the pandemic, contributing to a rise in bicycle infrastructure funding

Statistic 20

Bicycle imports to the European Union increased by 25% in 2021 compared to 2020

Statistic 21

The global folding bicycle market is projected to grow at a CAGR of 4.7% through 2027

Statistic 22

The highest-selling bicycle type globally in 2022 was mountain bikes, accounting for 46% of total sales

Statistic 23

The global sales of bicycle helmets reached over 36 million units in 2022, up 12% from the previous year

Statistic 24

Electric bicycles constituted nearly 25% of all bicycle sales in China in 2022

Statistic 25

The top five bicycle manufacturers globally hold approximately 35% of the market share

Statistic 26

The United Kingdom saw a 50% increase in bicycle sales during the pandemic in 2020, driven by outdoor activity restrictions

Statistic 27

The cross-country bike segment experienced a 10% growth in sales in North America in 2022, driven by adventure tourism

Statistic 28

The average annual expenditure on bicycles per household in the US is approximately $130

Statistic 29

The bicycle-sharing industry is projected to grow at a CAGR of 7% globally through 2026, reaching a valuation of USD 8 billion

Statistic 30

In 2021, the number of bike repair shops increased by 20% in the US due to increased bicycle usage

Statistic 31

The global smart bicycle market is expected to grow at a CAGR of 13% between 2022 and 2030, driven by technological advancements

Statistic 32

Sales of premium bicycles (costing more than USD 1000) increased by 18% worldwide in 2022, indicating higher consumer willingness to invest

Statistic 33

The use of carbon fiber in bicycle manufacturing increased by 22% from 2020 to 2022 for lightweight high-performance bikes

Statistic 34

The global bicycle tyre market is projected to reach USD 6.4 billion by 2027, growing at a CAGR of 5.4%

Statistic 35

The production of bicycles in Taiwan increased by 8% in 2022, maintaining its position as a major manufacturing hub

Statistic 36

The popularity of gravel bikes surged by 30% in North America during 2022, reflecting a shift towards versatile cycling options

Statistic 37

The global cycle tourism market is expected to reach USD 28 billion by 2028, expanding at a CAGR of 8.2%

Statistic 38

The bike-to-school commuting rate increased by 35% in urban China from 2019 to 2022, contributing to urban mobility solutions

Statistic 39

The global bicycle lighting market is projected to reach USD 1.5 billion by 2025, growing at a CAGR of 6.8%

Statistic 40

The adoption of IoT-enabled bicycles increased by 15% in 2022, enhancing safety and connectivity features

Statistic 41

The subscription-based bicycle rental programs grew by 12% globally in 2022, indicating a shift towards shared mobility

Statistic 42

The global bicycle component market is projected to reach USD 19.3 billion by 2026, growing at a CAGR of 7.1%

Statistic 43

The use of biodegradable and eco-friendly bicycle parts increased by 25% in 2022 due to sustainability initiatives

Statistic 44

The number of cycling-related injuries reported in hospitals in the US increased by 10% from 2020 to 2022, correlating with increased cycling activity

Statistic 45

The market share for direct-to-consumer bicycle brands grew by 16% in 2022, driven by online sales channels

Statistic 46

The fastest growing segment of bicycle accessories in 2022 was smart gadgets, with a growth rate of 20%, including GPS trackers and smart locks

Statistic 47

The bicycle repair subscription services market expanded by 23% in 2022, indicating consumers’ preference for maintenance flexibility

Statistic 48

In 2022, the majority of bicycle sales (around 63%) in Europe were made through online platforms, illustrating the shift from traditional brick-and-mortar stores

Statistic 49

The number of urban cycling trips globally increased by 25% from 2019 to 2021, making cycling a key component of sustainable city transport

Statistic 50

The average annual growth rate of the bicycle aftermarket parts segment is estimated at 4.8%, driven by consumer upgrades and repairs

Statistic 51

The e-bike battery market is projected to grow at a CAGR of 11.3% from 2022 to 2030, reaching USD 11.2 billion

Statistic 52

The global cycle apparel market is expected to reach USD 10.2 billion by 2027, growing at a CAGR of 7.9%, reflecting increased apparel innovations

Statistic 53

The worldwide bicycle lighting market was valued at USD 1.1 billion in 2020, with a forecasted growth to USD 1.5 billion by 2025

Statistic 54

The percentage of children riding bicycles regularly in the US increased from 33% in 2019 to 42% in 2022, demonstrating rising youth engagement

Statistic 55

The global market for custom bicycle accessories grew by 9% in 2022, driven by consumer demand for personalization

Statistic 56

Public bike-sharing programs in Asian cities expanded by more than 30,000 bikes in 2022, further emphasizing urban mobility trends

Statistic 57

The average lifespan of a bicycle is around 5 years with regular maintenance

Statistic 58

The number of bicycle patents filed globally increased by 12% in 2022, indicating technological innovation within the industry

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Key Highlights

The global bicycle market was valued at approximately USD 54.4 billion in 2020
Bicycle sales in the United States increased by 60% during the COVID-19 pandemic in 2020
The European bicycle market is expected to grow at a CAGR of 6.5% from 2021 to 2028
About 85 million bicycles are sold annually in China, making it the largest bicycle market globally
E-bikes accounted for 40% of the overall bicycle sales in Europe in 2022
The global e-bike market is projected to reach USD 35.88 billion by 2027, with a CAGR of 7.9%
The United States saw over 18 million bicycles sold in 2021, an increase from 15 million in 2020
The average cost of a bicycle in the US ranges from $330 to $502, depending on the type
In 2020, about 22 million Americans aged 5 and above used a bicycle, representing roughly 8.4% of the population
The Asia-Pacific bicycle market is expected to grow at a CAGR of 5.8% from 2021 to 2026
The number of cycling trips in the US increased by 40% during the pandemic, contributing to a rise in bicycle infrastructure funding
Bicycle imports to the European Union increased by 25% in 2021 compared to 2020
The global folding bicycle market is projected to grow at a CAGR of 4.7% through 2027

From a boom in bike sales during the pandemic to rapid growth in e-bikes and cycling infrastructure worldwide, the bicycle industry is cycling into a dynamic and ever-expanding future driven by innovation, sustainability, and shifting mobility preferences.

Industry Infrastructure and Support Services

The increase in cycling commuting in urban areas led to a 15% increase in bicycle lane infrastructure funding in 2022 across major cities

Industry Infrastructure and Support Services Interpretation

As urban commuters pedal towards sustainability, the 15% boost in bike lane funding in 2022 signals that cities are finally realizing the true cost — and benefit — of more two-wheeled transportation.

Market Segments and Consumer Behavior

The average cost of a bicycle in the US ranges from $330 to $502, depending on the type
The demand for lightweight road bicycles increased by 15% in 2022, especially among competitive cyclists
According to Nielsen, 28% of Americans aged 18-34 considered buying a bicycle in 2022, reflecting increased youth participation in cycling
About 90% of the bicycles sold in India are middle-class or budget models priced under USD 300
The most popular bicycle color in the US in 2022 was black, accounting for 38% of sales, followed by red at 22%
The percentage of women cycling regularly increased from 14% in 2019 to 21% in 2022 globally, reflecting increased gender diversity
The average speed of city cycling in urban areas is approximately 15 km/h (9.3 mph), ideal for commuting purposes
Over 50% of new bicycle purchases in 2022 were made by consumers aged 35-54, showing this demographic’s increasing interest in cycling

Market Segments and Consumer Behavior Interpretation

As bicycles become more affordable and diverse, with increasing youth and female participation, the industry’s shifting gears toward inclusivity and performance suggests biking is no longer just a leisure activity but a formidable force in urban commuting and global mobility.

Market Size and Growth Trends

The global bicycle market was valued at approximately USD 54.4 billion in 2020
Bicycle sales in the United States increased by 60% during the COVID-19 pandemic in 2020
The European bicycle market is expected to grow at a CAGR of 6.5% from 2021 to 2028
About 85 million bicycles are sold annually in China, making it the largest bicycle market globally
E-bikes accounted for 40% of the overall bicycle sales in Europe in 2022
The global e-bike market is projected to reach USD 35.88 billion by 2027, with a CAGR of 7.9%
The United States saw over 18 million bicycles sold in 2021, an increase from 15 million in 2020
In 2020, about 22 million Americans aged 5 and above used a bicycle, representing roughly 8.4% of the population
The Asia-Pacific bicycle market is expected to grow at a CAGR of 5.8% from 2021 to 2026
The number of cycling trips in the US increased by 40% during the pandemic, contributing to a rise in bicycle infrastructure funding
Bicycle imports to the European Union increased by 25% in 2021 compared to 2020
The global folding bicycle market is projected to grow at a CAGR of 4.7% through 2027
The highest-selling bicycle type globally in 2022 was mountain bikes, accounting for 46% of total sales
The global sales of bicycle helmets reached over 36 million units in 2022, up 12% from the previous year
Electric bicycles constituted nearly 25% of all bicycle sales in China in 2022
The top five bicycle manufacturers globally hold approximately 35% of the market share
The United Kingdom saw a 50% increase in bicycle sales during the pandemic in 2020, driven by outdoor activity restrictions
The cross-country bike segment experienced a 10% growth in sales in North America in 2022, driven by adventure tourism
The average annual expenditure on bicycles per household in the US is approximately $130
The bicycle-sharing industry is projected to grow at a CAGR of 7% globally through 2026, reaching a valuation of USD 8 billion
In 2021, the number of bike repair shops increased by 20% in the US due to increased bicycle usage
The global smart bicycle market is expected to grow at a CAGR of 13% between 2022 and 2030, driven by technological advancements
Sales of premium bicycles (costing more than USD 1000) increased by 18% worldwide in 2022, indicating higher consumer willingness to invest
The use of carbon fiber in bicycle manufacturing increased by 22% from 2020 to 2022 for lightweight high-performance bikes
The global bicycle tyre market is projected to reach USD 6.4 billion by 2027, growing at a CAGR of 5.4%
The production of bicycles in Taiwan increased by 8% in 2022, maintaining its position as a major manufacturing hub
The popularity of gravel bikes surged by 30% in North America during 2022, reflecting a shift towards versatile cycling options
The global cycle tourism market is expected to reach USD 28 billion by 2028, expanding at a CAGR of 8.2%
The bike-to-school commuting rate increased by 35% in urban China from 2019 to 2022, contributing to urban mobility solutions
The global bicycle lighting market is projected to reach USD 1.5 billion by 2025, growing at a CAGR of 6.8%
The adoption of IoT-enabled bicycles increased by 15% in 2022, enhancing safety and connectivity features
The subscription-based bicycle rental programs grew by 12% globally in 2022, indicating a shift towards shared mobility
The global bicycle component market is projected to reach USD 19.3 billion by 2026, growing at a CAGR of 7.1%
The use of biodegradable and eco-friendly bicycle parts increased by 25% in 2022 due to sustainability initiatives
The number of cycling-related injuries reported in hospitals in the US increased by 10% from 2020 to 2022, correlating with increased cycling activity
The market share for direct-to-consumer bicycle brands grew by 16% in 2022, driven by online sales channels
The fastest growing segment of bicycle accessories in 2022 was smart gadgets, with a growth rate of 20%, including GPS trackers and smart locks
The bicycle repair subscription services market expanded by 23% in 2022, indicating consumers’ preference for maintenance flexibility
In 2022, the majority of bicycle sales (around 63%) in Europe were made through online platforms, illustrating the shift from traditional brick-and-mortar stores
The number of urban cycling trips globally increased by 25% from 2019 to 2021, making cycling a key component of sustainable city transport
The average annual growth rate of the bicycle aftermarket parts segment is estimated at 4.8%, driven by consumer upgrades and repairs
The e-bike battery market is projected to grow at a CAGR of 11.3% from 2022 to 2030, reaching USD 11.2 billion
The global cycle apparel market is expected to reach USD 10.2 billion by 2027, growing at a CAGR of 7.9%, reflecting increased apparel innovations
The worldwide bicycle lighting market was valued at USD 1.1 billion in 2020, with a forecasted growth to USD 1.5 billion by 2025
The percentage of children riding bicycles regularly in the US increased from 33% in 2019 to 42% in 2022, demonstrating rising youth engagement
The global market for custom bicycle accessories grew by 9% in 2022, driven by consumer demand for personalization
Public bike-sharing programs in Asian cities expanded by more than 30,000 bikes in 2022, further emphasizing urban mobility trends

Market Size and Growth Trends Interpretation

With the bicycle industry accelerating faster than a cyclist sprinting uphill—thanks to surging sales, eco-conscious innovations, and an appetite for adventure—it's clear that pedal power is no longer just a pastime but a global movement gaining momentum at an exhilarating clip.

Product and Technology Developments

The average lifespan of a bicycle is around 5 years with regular maintenance
The number of bicycle patents filed globally increased by 12% in 2022, indicating technological innovation within the industry

Product and Technology Developments Interpretation

While our trusty bikes typically spin (or rust) around for about five years, the 12% spike in global patents in 2022 suggests that innovation on two wheels is pedaling forward faster than ever—proof that the industry is gearing up for a future where even our humble bicycles might soon be smarter, sleeker, and more durable.