GITNUXREPORT 2025

Cycling Industry Statistics

Cycling industry booming globally, driven by e-bikes, urban growth, and sustainability.

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 global bicycle market size was valued at approximately $74.7 billion in 2022

Statistic 2

The bicycle sales worldwide reached over 104 million units in 2021

Statistic 3

The cycling industry contributed roughly $132 billion to the US economy in 2022

Statistic 4

China is the largest bicycle producer, manufacturing over 250 million bicycles annually

Statistic 5

The global bike-sharing market was valued at $2.0 billion in 2020 and is expected to grow at a CAGR of 12.4% through 2030

Statistic 6

The bicycle helmet market is expected to reach $1.4 billion worldwide by 2026

Statistic 7

The average annual bicycle maintenance cost in the US is approximately $85 per bike

Statistic 8

The average foldable e-bike price is around $2,000

Statistic 9

The cycling tourism industry generated over $150 billion globally in 2022

Statistic 10

The global demand for customizable bikes is projected to grow at a CAGR of 10.2% through 2027

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The bicycle tire market size was valued at $18 billion in 2021, with a projected CAGR of 4.8% until 2028

Statistic 12

The bicycle lights market is anticipated to grow at a CAGR of 6.2% between 2023 and 2030

Statistic 13

The global cargo bike market was valued at $440 million in 2022, projected to grow at a CAGR of 12.3% until 2030

Statistic 14

In Germany, the bicycle sector experienced a 15% increase in sales during 2022

Statistic 15

The global market for cycling accessories was valued at $15.5 billion in 2022 and is expected to grow 5.5% annually

Statistic 16

The number of bike shops worldwide exceeds 10,000 locations, with North America holding about 30% of the market share

Statistic 17

The bicycle component market alone was valued at $40 billion in 2021 and is projected to grow

Statistic 18

The global market for electric bike batteries was valued at $2.1 billion in 2021, expected to reach $7.9 billion by 2028

Statistic 19

The most popular bike-sharing apps worldwide have over 50 million active users

Statistic 20

The bicycle apparel market is projected to grow at a CAGR of 6.3% through 2027

Statistic 21

The global bike lock market size was valued at $1.2 billion in 2021, with a projected CAGR of 4.9% until 2027

Statistic 22

The average annual bike-sharing trips per city in Europe is approximately 3 million

Statistic 23

The top three countries in bicycle exports are China, the Netherlands, and Germany, contributing to over 70% of total exports

Statistic 24

The bicycle repair and maintenance market globally is valued at over $21 billion

Statistic 25

The annual bicycle registration in Japan exceeds 10 million units, making it one of the largest markets in Asia

Statistic 26

The global custom bike market is projected to reach $5.4 billion by 2026, growing at a CAGR of 8.1% from 2021

Statistic 27

The average retail price for a professional racing bicycle exceeds $3,000

Statistic 28

The e-bike segment grew by 23% globally in 2022

Statistic 29

The share of e-bikes in total bike sales is projected to reach 20% by 2025

Statistic 30

The average price of a new bicycle in North America increased by 7% in 2023

Statistic 31

Women’s cycling apparel sales increased by 12% worldwide in 2022

Statistic 32

The number of bicycle manufacturing plants in India increased by 18% in 2022

Statistic 33

Sales of folding bikes increased by 14% globally in 2022

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In 2022, the share of smart bicycles with integrated tech was 7%, expected to reach 15% by 2025

Statistic 35

The average lifespan of a well-maintained bicycle is about 10 years

Statistic 36

The use of carbon fiber in high-end bicycle frames increased by 20% globally in 2022

Statistic 37

The fastest recorded speed on a bicycle is 183.9 km/h (114.3 mph), achieved by Denise Mueller-Korenek in 2018

Statistic 38

The popularity of gravel bikes grew by 35% in 2022, dominating the adventure cycling market

Statistic 39

Cycling event participation (e.g., races, charity rides) increased by 18% worldwide in 2022

Statistic 40

The fastest electric bikes can reach speeds of up to 50 km/h (31 mph)

Statistic 41

The use of smartbike technology (GPS, tracking, integrated lights) is expected to grow at a CAGR of 9.8% through 2026

Statistic 42

Urban infrastructure investments supporting cycling increased by 22% globally in 2022

Statistic 43

The key drivers for growth in the cycling industry include health consciousness, environmental concerns, and urban congestion, as noted by industry analysts

Statistic 44

The number of cycling-focused crowdfunding campaigns increased by 40% in 2022, raising over $12 million globally

Statistic 45

The demand for sustainable and eco-friendly bicycles is increasing, with over 60% of bikes sold in 2022 marketed as environmentally friendly

Statistic 46

The highest-selling bicycle type in North America is the mountain bike, accounting for over 40% of sales

Statistic 47

The most common types of bikes sold in 2023 include mountain bikes, road bikes, and e-bikes

Statistic 48

The average weight of a high-performance road bike is approximately 7.5 kg

Statistic 49

A typical bicycle helmet cost ranges from $20 to $200, depending on features and brand

Statistic 50

The market share of high-performance racing bikes is about 25% of the total bicycle market

Statistic 51

Europe accounts for about 37% of global bike sales

Statistic 52

In the US, an estimated 47.5 million people bike annually

Statistic 53

The average age of cyclists in the US is approximately 35 years old

Statistic 54

The daily cycling commuters in the Netherlands constitute about 27% of all trips

Statistic 55

The majority of bicycle sales in Africa are low-cost bikes priced under $100

Statistic 56

Asia-Pacific accounts for approximately 60% of the global bicycle production

Statistic 57

The average age of bike owners in Australia is 42 years

Statistic 58

The number of cycling-related injuries in the US is approximately 500,000 annually, with head injuries comprising about 20%

Statistic 59

The average number of bicycles per household in the Netherlands is 1.2 bicycles

Statistic 60

The involvement of women in cycling events increased by 15% globally in 2022, representing a growing segment of the industry

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Key Highlights

The global bicycle market size was valued at approximately $74.7 billion in 2022
The bicycle sales worldwide reached over 104 million units in 2021
The e-bike segment grew by 23% globally in 2022
Europe accounts for about 37% of global bike sales
In the US, an estimated 47.5 million people bike annually
The average age of cyclists in the US is approximately 35 years old
The cycling industry contributed roughly $132 billion to the US economy in 2022
China is the largest bicycle producer, manufacturing over 250 million bicycles annually
The share of e-bikes in total bike sales is projected to reach 20% by 2025
The daily cycling commuters in the Netherlands constitute about 27% of all trips
The global bike-sharing market was valued at $2.0 billion in 2020 and is expected to grow at a CAGR of 12.4% through 2030
The average price of a new bicycle in North America increased by 7% in 2023
Women’s cycling apparel sales increased by 12% worldwide in 2022

The cycling industry is pedal-powered by booming sales, innovative tech, and a global shift towards sustainable mobility, transforming the way millions around the world ride, race, and commute.

Market Size and Industry Value

The global bicycle market size was valued at approximately $74.7 billion in 2022
The bicycle sales worldwide reached over 104 million units in 2021
The cycling industry contributed roughly $132 billion to the US economy in 2022
China is the largest bicycle producer, manufacturing over 250 million bicycles annually
The global bike-sharing market was valued at $2.0 billion in 2020 and is expected to grow at a CAGR of 12.4% through 2030
The bicycle helmet market is expected to reach $1.4 billion worldwide by 2026
The average annual bicycle maintenance cost in the US is approximately $85 per bike
The average foldable e-bike price is around $2,000
The cycling tourism industry generated over $150 billion globally in 2022
The global demand for customizable bikes is projected to grow at a CAGR of 10.2% through 2027
The bicycle tire market size was valued at $18 billion in 2021, with a projected CAGR of 4.8% until 2028
The bicycle lights market is anticipated to grow at a CAGR of 6.2% between 2023 and 2030
The global cargo bike market was valued at $440 million in 2022, projected to grow at a CAGR of 12.3% until 2030
In Germany, the bicycle sector experienced a 15% increase in sales during 2022
The global market for cycling accessories was valued at $15.5 billion in 2022 and is expected to grow 5.5% annually
The number of bike shops worldwide exceeds 10,000 locations, with North America holding about 30% of the market share
The bicycle component market alone was valued at $40 billion in 2021 and is projected to grow
The global market for electric bike batteries was valued at $2.1 billion in 2021, expected to reach $7.9 billion by 2028
The most popular bike-sharing apps worldwide have over 50 million active users
The bicycle apparel market is projected to grow at a CAGR of 6.3% through 2027
The global bike lock market size was valued at $1.2 billion in 2021, with a projected CAGR of 4.9% until 2027
The average annual bike-sharing trips per city in Europe is approximately 3 million
The top three countries in bicycle exports are China, the Netherlands, and Germany, contributing to over 70% of total exports
The bicycle repair and maintenance market globally is valued at over $21 billion
The annual bicycle registration in Japan exceeds 10 million units, making it one of the largest markets in Asia
The global custom bike market is projected to reach $5.4 billion by 2026, growing at a CAGR of 8.1% from 2021
The average retail price for a professional racing bicycle exceeds $3,000

Market Size and Industry Value Interpretation

With a bike industry valued at over $132 billion in the US alone, and global sales surpassing 104 million units in 2021, it's clear that cycling is no longer just a mode of transport but a high-speed, multi-billion-dollar race where innovation, infrastructure, and eco-consciousness pedal firmly alongside economic growth.

Market Trends and Innovation

The e-bike segment grew by 23% globally in 2022
The share of e-bikes in total bike sales is projected to reach 20% by 2025
The average price of a new bicycle in North America increased by 7% in 2023
Women’s cycling apparel sales increased by 12% worldwide in 2022
The number of bicycle manufacturing plants in India increased by 18% in 2022
Sales of folding bikes increased by 14% globally in 2022
In 2022, the share of smart bicycles with integrated tech was 7%, expected to reach 15% by 2025
The average lifespan of a well-maintained bicycle is about 10 years
The use of carbon fiber in high-end bicycle frames increased by 20% globally in 2022
The fastest recorded speed on a bicycle is 183.9 km/h (114.3 mph), achieved by Denise Mueller-Korenek in 2018
The popularity of gravel bikes grew by 35% in 2022, dominating the adventure cycling market
Cycling event participation (e.g., races, charity rides) increased by 18% worldwide in 2022
The fastest electric bikes can reach speeds of up to 50 km/h (31 mph)
The use of smartbike technology (GPS, tracking, integrated lights) is expected to grow at a CAGR of 9.8% through 2026
Urban infrastructure investments supporting cycling increased by 22% globally in 2022
The key drivers for growth in the cycling industry include health consciousness, environmental concerns, and urban congestion, as noted by industry analysts
The number of cycling-focused crowdfunding campaigns increased by 40% in 2022, raising over $12 million globally
The demand for sustainable and eco-friendly bicycles is increasing, with over 60% of bikes sold in 2022 marketed as environmentally friendly

Market Trends and Innovation Interpretation

With global cycling sales surging into eco-friendly and tech-savvy terrains—growing faster than a gravel bike on a steep ascent—it's clear that while bicycles may have a lifespan of a decade, their impact on health, environment, and urban mobility is accelerating at speeds that even the fastest rider would envy.

Product Types and Market Segments

The highest-selling bicycle type in North America is the mountain bike, accounting for over 40% of sales
The most common types of bikes sold in 2023 include mountain bikes, road bikes, and e-bikes
The average weight of a high-performance road bike is approximately 7.5 kg
A typical bicycle helmet cost ranges from $20 to $200, depending on features and brand
The market share of high-performance racing bikes is about 25% of the total bicycle market

Product Types and Market Segments Interpretation

With mountain bikes leading the charge at over 40% of sales, the cycling industry is embracing versatility and performance from rugged trails to high-speed raceways, all while balancing safety and innovation in a market where weight, price, and speed are constantly in motion.

Regional and Demographic Insights

Europe accounts for about 37% of global bike sales
In the US, an estimated 47.5 million people bike annually
The average age of cyclists in the US is approximately 35 years old
The daily cycling commuters in the Netherlands constitute about 27% of all trips
The majority of bicycle sales in Africa are low-cost bikes priced under $100
Asia-Pacific accounts for approximately 60% of the global bicycle production
The average age of bike owners in Australia is 42 years
The number of cycling-related injuries in the US is approximately 500,000 annually, with head injuries comprising about 20%
The average number of bicycles per household in the Netherlands is 1.2 bicycles
The involvement of women in cycling events increased by 15% globally in 2022, representing a growing segment of the industry

Regional and Demographic Insights Interpretation

From Europe's dominating 37% of global sales to Africa's affordable bikes and India's burgeoning cycling culture, the industry reveals a dynamic landscape where healthy mobility meets economic diversity, even as injury statistics remind us that the ride is not without risks.