GITNUXREPORT 2026

Bicycle Retailer And Industry Statistics

E‑bike demand led bicycle retail growth last year despite market shifts.

Min-ji Park

Research Analyst focused on sustainability and consumer trends.

First published: Feb 13, 2026

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Statistic 1

38% of U.S. adults rode a bike at least once in 2022, up from 26% in 2020.

Statistic 2

45% of new bike buyers in 2023 were first-time purchasers.

Statistic 3

Millennials (25-40) represent 42% of U.S. bike retail customers in 2023.

Statistic 4

62% of U.S. cyclists prefer e-bikes for commuting, per 2023 survey.

Statistic 5

Women comprised 41% of bike buyers in 2022, up 15% from 2019.

Statistic 6

Average age of MTB buyer: 37 years, with 55% under 40 in 2023.

Statistic 7

28% of U.S. households own at least one bike in 2023.

Statistic 8

Urban dwellers 2.5x more likely to bike commute than rural residents.

Statistic 9

73% of parents bought bikes for kids during pandemic, 2021 data.

Statistic 10

Gravel riding participation grew 120% among adults 2020-2023.

Statistic 11

51% of cyclists prioritize sustainability in brand choice, 2023 poll.

Statistic 12

Average annual spend per bike owner: $650 on gear and services.

Statistic 13

65% of e-bike buyers cite range anxiety as top concern.

Statistic 14

Hispanic/Latino cyclists grew 35% in U.S. participation 2019-2022.

Statistic 15

44% of bike shoppers research online before in-store purchase.

Statistic 16

Boomers (55+) now 22% of bike market, up from 12% in 2015.

Statistic 17

67% prefer direct-to-consumer brands for affordability.

Statistic 18

Family biking trips increased 40% post-2021.

Statistic 19

55% of commuters switched to biking due to gas prices 2022.

Statistic 20

African American cyclist participation: 8% of total, growing 25% YOY.

Statistic 21

Independent bike shops preferred by 68% over big box stores.

Statistic 22

U.S. has 52.3 million cyclists aged 6+, 16% of population.

Statistic 23

The global bicycle market size was valued at $65.2 billion in 2022 and is projected to reach $120.5 billion by 2030, growing at a CAGR of 8.1%.

Statistic 24

U.S. bicycle market expected to grow from $9.8 billion in 2023 to $15.2 billion by 2030 at 6.5% CAGR.

Statistic 25

E-bike market worldwide projected to expand from $48.8 billion in 2023 to $143.2 billion by 2032, CAGR 12.5%.

Statistic 26

North American bike market growth forecasted at 5.2% CAGR from 2024-2028.

Statistic 27

Global gravel bike segment to grow 10% annually through 2027.

Statistic 28

U.S. MTB market projected to reach $3.5 billion by 2028, CAGR 7.8%.

Statistic 29

Road bike market in Europe to grow 4.5% CAGR to 2029.

Statistic 30

Cargo bike market global growth: 15.2% CAGR to $2.1 billion by 2030.

Statistic 31

Bike sharing market to expand from $3.5 billion 2023 to $12.4 billion 2030, CAGR 19.8%.

Statistic 32

U.S. bike accessories market growth: 6.1% CAGR to $2.8 billion by 2027.

Statistic 33

Cycling apparel market projected $15.6 billion globally by 2028, CAGR 6.3%.

Statistic 34

Smart bike components market to grow 14.2% CAGR to $8.2 billion 2030.

Statistic 35

U.S. bicycle rental market forecasted 7.9% CAGR to $1.2 billion by 2029.

Statistic 36

Global kids bike market growth 5.8% CAGR 2023-2030.

Statistic 37

Women's bike market U.S. to double to $2.1 billion by 2028.

Statistic 38

High-end bike segment global growth 9.2% CAGR through 2027.

Statistic 39

Bike repair services market U.S. 4.7% CAGR to $1.5 billion 2030.

Statistic 40

Asia-Pacific bike market dominance with 45% share, growing 9% CAGR.

Statistic 41

U.S. bike industry post-pandemic recovery projected at 3.5% annual growth 2024-2028.

Statistic 42

E-bike battery market to $25 billion by 2030, CAGR 18%.

Statistic 43

75% of bike dealers report loyal repeat customers averaging 3 purchases/year.

Statistic 44

Average U.S. bike shop revenue: $1.2 million in 2023.

Statistic 45

42% of IBDs added e-bike sales in last 2 years, boosting margins 25%.

Statistic 46

Bike shop inventory turnover rate: 4.2x annually in 2023.

Statistic 47

65% of shops offer test rides, increasing conversion 30%.

Statistic 48

Average bike shop staff: 8 employees, with 20% turnover rate.

Statistic 49

Online sales now 28% of IBD revenue, up from 10% pre-2020.

Statistic 50

55% of dealers use social media for 40% of leads.

Statistic 51

Profit margins on e-bikes: 22%, vs 15% for traditional bikes.

Statistic 52

78% of shops expanded service departments, adding $200k revenue.

Statistic 53

Event hosting by shops generates 15% of annual sales.

Statistic 54

35% of IBDs closed since 2020, 1,200 shops lost.

Statistic 55

Rental programs in shops up 50%, averaging $50k/year revenue.

Statistic 56

Loyalty programs retain 70% customers, boosting spend 25%.

Statistic 57

Average square footage per shop: 4,500 sq ft, with 60% display space.

Statistic 58

62% use POS systems integrated with inventory, reducing stockouts 40%.

Statistic 59

Financing options offered by 48% of shops, sales lift 18%.

Statistic 60

Pop-up shops by brands boost dealer sales 12% temporarily.

Statistic 61

71% of shops train staff annually, improving satisfaction scores 25%.

Statistic 62

Multi-location dealers (3+ stores) average 30% higher revenue.

Statistic 63

Sustainability initiatives adopted by 82%, attracting 35% more customers.

Statistic 64

U.S. bike shop count: 10,500 in 2023, down 5% from peak.

Statistic 65

Custom bike builds: 20% of sales, 35% margins for shops.

Statistic 66

Delivery services offered by 55%, increasing reach 25%.

Statistic 67

In 2022, U.S. bicycle retail sales totaled $6.7 billion, a 7% increase from 2021 driven by e-bike demand.

Statistic 68

E-bike sales in the U.S. reached 1.3 million units in 2022, accounting for 24% of total bike sales.

Statistic 69

Gravel bike sales grew by 45% year-over-year in 2022, reaching 450,000 units sold.

Statistic 70

MTB sales in North America hit 2.1 million units in 2022, up 12% from prior year.

Statistic 71

Road bike retail revenue was $1.2 billion in 2023, down 5% due to market saturation.

Statistic 72

Youth bike sales surged 30% in 2021 to 1.5 million units amid pandemic demand.

Statistic 73

Online bicycle sales captured 35% of total U.S. market share in 2023, valued at $2.4 billion.

Statistic 74

Independent bike dealer (IBD) sales volume was 4.2 million bikes in 2022, 60% of total.

Statistic 75

Accessory sales like helmets reached $850 million in U.S. bike retail in 2022.

Statistic 76

Service and repair revenue for bike shops averaged $150,000 per store in 2023.

Statistic 77

Cargo bike sales increased 55% to 25,000 units in 2023 in the U.S. market.

Statistic 78

Women's bike sales grew 28% to 900,000 units in 2022.

Statistic 79

High-end bike sales (> $2,500) were 15% of volume but 40% of revenue in 2023.

Statistic 80

Bike rental revenue hit $450 million globally in 2023, with U.S. at 30% share.

Statistic 81

Apparel sales in bike retail reached $1.1 billion in 2022 U.S., up 18%.

Statistic 82

U.S. bike industry revenue peaked at $12.4 billion in 2021 before declining 10% in 2022.

Statistic 83

Trek Bicycle's U.S. retail sales exceeded $1.5 billion in 2022.

Statistic 84

Specialized retail partnerships generated $900 million in 2023 sales.

Statistic 85

Giant Manufacturing U.S. dealer sales hit $800 million in 2022.

Statistic 86

Shimano component sales to U.S. retailers were $650 million in 2023.

Statistic 87

Park Tool service sales to shops reached $120 million in 2022.

Statistic 88

Bell helmets retail sales: 2.5 million units in U.S. 2023, $180 million revenue.

Statistic 89

Continental tire sales in bike segment: $300 million U.S. 2022.

Statistic 90

Garmin bike computer sales: 1.2 million units, $250 million revenue 2023.

Statistic 91

Wahoo Fitness retail sales: $150 million in 2022 U.S. bike market.

Statistic 92

Assos clothing U.S. sales: $80 million in 2023.

Statistic 93

Fox Racing MTB gear sales: $220 million U.S. 2022.

Statistic 94

POC helmets and apparel: 1 million units sold, $140 million revenue 2023.

Statistic 95

Topeak accessories sales to U.S. retailers: $60 million 2022.

Statistic 96

Lezyne lights and pumps: $45 million U.S. retail 2023.

Statistic 97

Global bike supply chain disruptions delayed 40% of 2022 shipments.

Statistic 98

85% of U.S. bikes imported from Asia, Taiwan 60% share.

Statistic 99

Bike component shortages affected 70% of retailers in 2022.

Statistic 100

Average lead time for e-bike imports: 4-6 months in 2023.

Statistic 101

Taiwan produced 10.5 million bikes in 2022, 75% exported to U.S./EU.

Statistic 102

China dominates frames manufacturing with 80% global capacity.

Statistic 103

Shimano factory output: 50 million derailleurs annually.

Statistic 104

Carbon fiber supply constrained, prices up 25% in 2022.

Statistic 105

U.S. domestic manufacturing: only 5% of bikes, up from 1%.

Statistic 106

Port congestion delayed 30% of bike containers in 2021-2022.

Statistic 107

Battery sourcing for e-bikes: 90% from China, LG 40% share.

Statistic 108

Recycling rates for bike parts: 25%, targeted 50% by 2030.

Statistic 109

Labor costs in Vietnam rose 15%, shifting some production.

Statistic 110

SRAM component production capacity increased 20% in 2023.

Statistic 111

Tire manufacturing: Continental/Vittoria supply 60% U.S. market.

Statistic 112

Fork production: RockShox/Fox control 70% high-end market.

Statistic 113

Paint and finishing bottlenecks caused 15% delays in 2022.

Statistic 114

Nearshoring to Mexico: 10% of brands shifting by 2024.

Statistic 115

Raw aluminum prices up 30% impacting frame costs 2022.

Statistic 116

E-bike motor supply: Bosch/Brose 55% market share.

Statistic 117

Inventory backlogs at U.S. ports: $500 million in bikes 2022.

Statistic 118

Sustainability: 40% of frames now recycled aluminum.

1/118

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While grappling with pandemic-driven disruptions, the U.S. bicycle industry has not only weathered the storm but is pedaling hard into a dynamic future, where a staggering $6.7 billion in retail sales for 2022 reveals a market dramatically reshaped by surging e-bike demand, exploding gravel and mountain bike categories, a resilient independent dealer network, and powerful demographic shifts that are redefining who rides a bike and why.

Key Takeaways

In 2022, U.S. bicycle retail sales totaled $6.7 billion, a 7% increase from 2021 driven by e-bike demand.
E-bike sales in the U.S. reached 1.3 million units in 2022, accounting for 24% of total bike sales.
Gravel bike sales grew by 45% year-over-year in 2022, reaching 450,000 units sold.
The global bicycle market size was valued at $65.2 billion in 2022 and is projected to reach $120.5 billion by 2030, growing at a CAGR of 8.1%.
U.S. bicycle market expected to grow from $9.8 billion in 2023 to $15.2 billion by 2030 at 6.5% CAGR.
E-bike market worldwide projected to expand from $48.8 billion in 2023 to $143.2 billion by 2032, CAGR 12.5%.
38% of U.S. adults rode a bike at least once in 2022, up from 26% in 2020.
45% of new bike buyers in 2023 were first-time purchasers.
Millennials (25-40) represent 42% of U.S. bike retail customers in 2023.
75% of bike dealers report loyal repeat customers averaging 3 purchases/year.
Average U.S. bike shop revenue: $1.2 million in 2023.
42% of IBDs added e-bike sales in last 2 years, boosting margins 25%.
Global bike supply chain disruptions delayed 40% of 2022 shipments.
85% of U.S. bikes imported from Asia, Taiwan 60% share.
Bike component shortages affected 70% of retailers in 2022.

E‑bike demand led bicycle retail growth last year despite market shifts.

Consumer Behavior and Demographics

38% of U.S. adults rode a bike at least once in 2022, up from 26% in 2020.
45% of new bike buyers in 2023 were first-time purchasers.
Millennials (25-40) represent 42% of U.S. bike retail customers in 2023.
62% of U.S. cyclists prefer e-bikes for commuting, per 2023 survey.
Women comprised 41% of bike buyers in 2022, up 15% from 2019.
Average age of MTB buyer: 37 years, with 55% under 40 in 2023.
28% of U.S. households own at least one bike in 2023.
Urban dwellers 2.5x more likely to bike commute than rural residents.
73% of parents bought bikes for kids during pandemic, 2021 data.
Gravel riding participation grew 120% among adults 2020-2023.
51% of cyclists prioritize sustainability in brand choice, 2023 poll.
Average annual spend per bike owner: $650 on gear and services.
65% of e-bike buyers cite range anxiety as top concern.
Hispanic/Latino cyclists grew 35% in U.S. participation 2019-2022.
44% of bike shoppers research online before in-store purchase.
Boomers (55+) now 22% of bike market, up from 12% in 2015.
67% prefer direct-to-consumer brands for affordability.
Family biking trips increased 40% post-2021.
55% of commuters switched to biking due to gas prices 2022.
African American cyclist participation: 8% of total, growing 25% YOY.
Independent bike shops preferred by 68% over big box stores.
U.S. has 52.3 million cyclists aged 6+, 16% of population.

Consumer Behavior and Demographics Interpretation

The bike industry is witnessing a full-blown, cross-generational revolution, propelled by a newfound love for gravel roads, electric assist, and independent shops, all while steadily pedaling past its old, homogenous image.

Market Growth and Projections

The global bicycle market size was valued at $65.2 billion in 2022 and is projected to reach $120.5 billion by 2030, growing at a CAGR of 8.1%.
U.S. bicycle market expected to grow from $9.8 billion in 2023 to $15.2 billion by 2030 at 6.5% CAGR.
E-bike market worldwide projected to expand from $48.8 billion in 2023 to $143.2 billion by 2032, CAGR 12.5%.
North American bike market growth forecasted at 5.2% CAGR from 2024-2028.
Global gravel bike segment to grow 10% annually through 2027.
U.S. MTB market projected to reach $3.5 billion by 2028, CAGR 7.8%.
Road bike market in Europe to grow 4.5% CAGR to 2029.
Cargo bike market global growth: 15.2% CAGR to $2.1 billion by 2030.
Bike sharing market to expand from $3.5 billion 2023 to $12.4 billion 2030, CAGR 19.8%.
U.S. bike accessories market growth: 6.1% CAGR to $2.8 billion by 2027.
Cycling apparel market projected $15.6 billion globally by 2028, CAGR 6.3%.
Smart bike components market to grow 14.2% CAGR to $8.2 billion 2030.
U.S. bicycle rental market forecasted 7.9% CAGR to $1.2 billion by 2029.
Global kids bike market growth 5.8% CAGR 2023-2030.
Women's bike market U.S. to double to $2.1 billion by 2028.
High-end bike segment global growth 9.2% CAGR through 2027.
Bike repair services market U.S. 4.7% CAGR to $1.5 billion 2030.
Asia-Pacific bike market dominance with 45% share, growing 9% CAGR.
U.S. bike industry post-pandemic recovery projected at 3.5% annual growth 2024-2028.
E-bike battery market to $25 billion by 2030, CAGR 18%.

Market Growth and Projections Interpretation

The global bike industry is pedaling hard toward a nine-figure future, proving two wheels can support an astonishingly diverse and high-tech ecosystem of transportation, recreation, and style.

Retailer Operations and Performance

75% of bike dealers report loyal repeat customers averaging 3 purchases/year.
Average U.S. bike shop revenue: $1.2 million in 2023.
42% of IBDs added e-bike sales in last 2 years, boosting margins 25%.
Bike shop inventory turnover rate: 4.2x annually in 2023.
65% of shops offer test rides, increasing conversion 30%.
Average bike shop staff: 8 employees, with 20% turnover rate.
Online sales now 28% of IBD revenue, up from 10% pre-2020.
55% of dealers use social media for 40% of leads.
Profit margins on e-bikes: 22%, vs 15% for traditional bikes.
78% of shops expanded service departments, adding $200k revenue.
Event hosting by shops generates 15% of annual sales.
35% of IBDs closed since 2020, 1,200 shops lost.
Rental programs in shops up 50%, averaging $50k/year revenue.
Loyalty programs retain 70% customers, boosting spend 25%.
Average square footage per shop: 4,500 sq ft, with 60% display space.
62% use POS systems integrated with inventory, reducing stockouts 40%.
Financing options offered by 48% of shops, sales lift 18%.
Pop-up shops by brands boost dealer sales 12% temporarily.
71% of shops train staff annually, improving satisfaction scores 25%.
Multi-location dealers (3+ stores) average 30% higher revenue.
Sustainability initiatives adopted by 82%, attracting 35% more customers.
U.S. bike shop count: 10,500 in 2023, down 5% from peak.
Custom bike builds: 20% of sales, 35% margins for shops.
Delivery services offered by 55%, increasing reach 25%.

Retailer Operations and Performance Interpretation

While the bike industry pedals forward on the sturdy wheels of loyal customers, high-margin e-bikes, and expanded services, it's navigating a tightening path marked by significant shop closures and a relentless shift online.

Sales and Revenue

In 2022, U.S. bicycle retail sales totaled $6.7 billion, a 7% increase from 2021 driven by e-bike demand.
E-bike sales in the U.S. reached 1.3 million units in 2022, accounting for 24% of total bike sales.
Gravel bike sales grew by 45% year-over-year in 2022, reaching 450,000 units sold.
MTB sales in North America hit 2.1 million units in 2022, up 12% from prior year.
Road bike retail revenue was $1.2 billion in 2023, down 5% due to market saturation.
Youth bike sales surged 30% in 2021 to 1.5 million units amid pandemic demand.
Online bicycle sales captured 35% of total U.S. market share in 2023, valued at $2.4 billion.
Independent bike dealer (IBD) sales volume was 4.2 million bikes in 2022, 60% of total.
Accessory sales like helmets reached $850 million in U.S. bike retail in 2022.
Service and repair revenue for bike shops averaged $150,000 per store in 2023.
Cargo bike sales increased 55% to 25,000 units in 2023 in the U.S. market.
Women's bike sales grew 28% to 900,000 units in 2022.
High-end bike sales (> $2,500) were 15% of volume but 40% of revenue in 2023.
Bike rental revenue hit $450 million globally in 2023, with U.S. at 30% share.
Apparel sales in bike retail reached $1.1 billion in 2022 U.S., up 18%.
U.S. bike industry revenue peaked at $12.4 billion in 2021 before declining 10% in 2022.
Trek Bicycle's U.S. retail sales exceeded $1.5 billion in 2022.
Specialized retail partnerships generated $900 million in 2023 sales.
Giant Manufacturing U.S. dealer sales hit $800 million in 2022.
Shimano component sales to U.S. retailers were $650 million in 2023.
Park Tool service sales to shops reached $120 million in 2022.
Bell helmets retail sales: 2.5 million units in U.S. 2023, $180 million revenue.
Continental tire sales in bike segment: $300 million U.S. 2022.
Garmin bike computer sales: 1.2 million units, $250 million revenue 2023.
Wahoo Fitness retail sales: $150 million in 2022 U.S. bike market.
Assos clothing U.S. sales: $80 million in 2023.
Fox Racing MTB gear sales: $220 million U.S. 2022.
POC helmets and apparel: 1 million units sold, $140 million revenue 2023.
Topeak accessories sales to U.S. retailers: $60 million 2022.
Lezyne lights and pumps: $45 million U.S. retail 2023.

Sales and Revenue Interpretation

While the traditional road bike may be experiencing a midlife crisis, the American bicycle industry is confidently pedaling forward, powered by an electric-assist surge, a gravel-grinding revolution, and the simple fact that keeping all these new wheels turning is now a $150,000-a-year service lane goldmine.

Supply Chain and Manufacturing

Global bike supply chain disruptions delayed 40% of 2022 shipments.
85% of U.S. bikes imported from Asia, Taiwan 60% share.
Bike component shortages affected 70% of retailers in 2022.
Average lead time for e-bike imports: 4-6 months in 2023.
Taiwan produced 10.5 million bikes in 2022, 75% exported to U.S./EU.
China dominates frames manufacturing with 80% global capacity.
Shimano factory output: 50 million derailleurs annually.
Carbon fiber supply constrained, prices up 25% in 2022.
U.S. domestic manufacturing: only 5% of bikes, up from 1%.
Port congestion delayed 30% of bike containers in 2021-2022.
Battery sourcing for e-bikes: 90% from China, LG 40% share.
Recycling rates for bike parts: 25%, targeted 50% by 2030.
Labor costs in Vietnam rose 15%, shifting some production.
SRAM component production capacity increased 20% in 2023.
Tire manufacturing: Continental/Vittoria supply 60% U.S. market.
Fork production: RockShox/Fox control 70% high-end market.
Paint and finishing bottlenecks caused 15% delays in 2022.
Nearshoring to Mexico: 10% of brands shifting by 2024.
Raw aluminum prices up 30% impacting frame costs 2022.
E-bike motor supply: Bosch/Brose 55% market share.
Inventory backlogs at U.S. ports: $500 million in bikes 2022.
Sustainability: 40% of frames now recycled aluminum.

Supply Chain and Manufacturing Interpretation

The global bike industry is an intricately interdependent, and often fragile, ecosystem, where a hiccup in Taiwanese production, a squeeze on Chinese batteries, or a clogged Californian port can leave a shop in Des Moines wondering where the hell all the bikes went.

Sources & References

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