GITNUX MARKETDATA REPORT 2024

Must-Know Bicycle Industry Statistics [Latest Report]

Statistic 1

"The electric bike segment is expected to grow at a CAGR of 7.9% from 2021 to 2028."

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Statistic 2

"Approximately 12% of all bikes sold globally in 2020 were electric bikes."

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Statistic 3

"Sales of bicycles in Germany increased by 40% in 2020."

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Statistic 4

"China is the leading manufacturer of bicycles, producing about 60% of the world's bicycles."

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Statistic 5

"In 2020, Denmark ranked as the country with the most bicycles per capita, with 0.8 bikes per person."

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Statistic 6

"By 2027, the global bicycle market is projected to reach $82.3 billion."

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Statistic 7

"The bicycle-sharing market is expected to reach $4.5 billion by 2026."

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Statistic 8

"In 2020, approximately 364,000 bicycles were sold in the Netherlands."

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Statistic 9

"The folding bike market is projected to grow at a CAGR of 8.8% from 2021 to 2028."

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Statistic 10

"The North American bicycle market size was valued at $6.3 billion in 2019."

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Statistic 11

"Bicycle helmet usage has been shown to reduce the risk of head injury by 50%."

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Statistic 12

"Urban bicycle commuting in the U.S. grew by more than 70% in the largest cities from 2000 to 2020."

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Statistic 13

"In 2019, the Asia-Pacific region accounted for over 60% of the global bicycle market."

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Statistic 14

"Bicycle travel and tourism generate an estimated $83 billion annually in the U.S."

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Statistic 15

"The women’s bicycle market is estimated to grow at a CAGR of 5.2% from 2020 to 2025."

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Statistic 16

"In 2019, mountain bikes accounted for approximately 25% of the global bicycle market share."

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Statistic 17

"In the United States, bicycle commuting rates have increased by 60% over the last decade."

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Statistic 18

"The bicycle tire market is expected to reach $9.4 billion by 2026."

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Statistic 19

"In 2018, over 18 million bicycles were sold in the European Union."

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Statistic 20

"The global bicycle market reached a value of approximately $59.3 billion in 2020."

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