Sports Bicycles Market Size, Share and Growth Analysis 2034
Sports Bicycles Market Growth, Size, Trends Analysis - By Technology, By Product, By End User, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: AMIN2560 | Pages: 1 - 265 | Formats*: |
| Category : Automotive & Transportation | |||
Sports Bicycles Market Introduction and Overview
According to SPER Market Research, the Global Sports Bicycles Market is estimated to reach USD 30.61 billion by 2034 with a CAGR of 7.73%.
The report includes an in-depth analysis of the Global Sports Bicycles Market, including market size and trends, product mix, Applications, and supplier analysis. The sports bicycle market is expected to grow at a compound annual growth rate (CAGR) of more than 7.73% between 2025 and 2034, from its 2024 valuation of USD 14.54 billion. The rise in government initiatives aimed at promoting cycling is driving the uptake of sports bicycles. Worldwide, governments are investing in safe and dedicated bike lanes, which encourages individuals to utilize bicycles for both transportation and leisure activities. This results in an increased demand for bicycles, especially those tailored for urban riding, such as hybrids or urban commuters.
By Technology Insights
The market is divided into traditional and electric sectors according to technology. In 2024, the traditional segment held the largest market share. Traditional bicycles are significantly more affordable compared to their technologically advanced counterparts, such as e-bikes or those equipped with integrated electronics. Due to their lower price point, they are accessible to a wider range of riders, especially beginners and those on a budget. Furthermore, traditional bicycles necessitate less maintenance because of their straightforward design and fewer components. This presents a considerable advantage for casual riders or individuals who may not feel at ease with intricate mechanical systems. Additionally, traditional bicycles come in various types, including road bikes, mountain bikes, hybrids, and touring bikes, each tailored for specific riding styles and terrains.
By Product Insights
In terms of product categorization, the sports bicycles market is divided into mountain bicycles, cyclo-cross bicycles, road racing bicycles, and track racing bicycles. The biggest market share in 2024 was held by the mountain bike sector. Unlike road bikes, which are limited to smooth pavement, mountain bikes are suitable for paved roads, gravel paths, off-road trails, and even gentle jumps. This versatility attracts a diverse range of riders and riding styles, from casual fitness enthusiasts to thrill-seekers. The popularity of mountain biking is bolstered by the growing interest in outdoor activities such as hiking, camping, and nature exploration. They enable riders to discover beautiful locations and enjoy the thrill of adventures off the beaten path.
Regional Insights
In 2024, the Asia Pacific region accounted for a substantial portion of the global sports bicycles market. The popularity of cycling as both a sport and a recreational activity is on the rise throughout Asia Pacific. This trend is largely attributed to a growing awareness of health benefits, increased disposable incomes, and a heightened emphasis on environmental sustainability. Numerous governments within this region are proactively endorsing cycling through the development of cycling infrastructure, the organization of cycling events, and the provision of incentives for bicycle purchases. Such efforts create a more favorable environment for bicycle engagement. Additionally, Asia Pacific boasts a significant bicycle manufacturing industry, fostering design and technological innovations that result in a diverse range of sports bicycles available at various price points.
Market Competitive Landscape
Giant Manufacturing Co., Ltd. and Trek Bicycle Corporation represent two prominent entities with substantial market shares in the sports bicycles sector. Giant Manufacturing Co., Ltd. engages in forming strategic partnerships and sponsorships with professional cycling teams, events, and athletes. By aligning itself with renowned riders and competitions, Giant elevates its brand visibility and credibility within the cycling community. These collaborations also yield valuable insights for product development, thereby enabling Giant to maintain close connections with consumers.
Recent Developments:
In February 2024, Giant Bicycles formed a partnership with Dick's Sporting Goods, the largest sports department store in America, to offer Giant bikes in 25 locations throughout the U.S. This collaboration represented a notable step for Giant, the leading global seller of bicycles by volume, aimed at strengthening its market presence and reaching new consumers.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Technology, By Product, By End User, By Sales Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Bianchi, Cannondale Bicycle Corporation, Cube Bikes, Giant Manufacturing Co., Ltd, GT Bicycles, Jenson USA, Merida Industry Co., Ltd, Scott Sports SA, Specialized Bicycle Components, Inc, Trek Bicycle Corporation. |
Key Topics Covered in the Report
- Global Sports Bicycles Market Size (FY’2021-FY’2034)
- Overview of Global Sports Bicycles Market
- Segmentation of Global Sports Bicycles Market By Technology (Electric, Traditional)
- Segmentation of Global Sports Bicycles Market By Product (Mountain Bicycles, Cyclo-Cross Bicycles, Road Racing Bicycles, Track Racing Bicycles)
- Segmentation of Global Sports Bicycles Market By End User (Men, Women, Kids)
- Segmentation of Global Sports Bicycles Market By Sales Channel (Online, Offline)
- Statistical Snap of Global Sports Bicycles Market
- Expansion Analysis of Global Sports Bicycles Market
- Problems and Obstacles in Global Sports Bicycles Market
- Competitive Landscape in the Global Sports Bicycles Market
- Details on Current Investment in Global Sports Bicycles Market
- Competitive Analysis of Global Sports Bicycles Market
- Prominent Players in the Global Sports Bicycles Market
- SWOT Analysis of Global Sports Bicycles Market
- Global Sports Bicycles Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Sports Bicycles Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Sports Bicycles Market
7. Global Sports Bicycles Market, By Technology (USD Million) 2021-2034
- 7.1. Electric
- 7.2. Traditional
8. Global Sports Bicycles Market, By Product (USD Million) 2021-2034
- 8.1. Mountain bicycles
- 8.2. Cyclo-cross bicycles
- 8.3. Road racing bicycles
- 8.4. Track racing bicycles
9. Global Sports Bicycles Market, By End-user (USD Million) 2021-2034
- 9.1. Men
- 9.2. Women
- 9.3. Kids
10. Global Sports Bicycles Market, By Sales Channel (USD Million) 2021-2034
- 10.1. Online
- 10.2. Offline
11. Global Sports Bicycles Market, (USD Million) 2021-2034
- 11.1. Global Sports Bicycles Market Size and Market Share
12. Global Sports Bicycles Market, By Region, (USD Million) 2021-2034
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
13. Company Profile
- 13.1. Bianchi
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Cannondale Bicycle Corporation
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Cube Bikes
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Giant Manufacturing Co., Ltd
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. GT Bicycles
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Jenson USA
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Merida Industry Co., Ltd
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Scott Sports SA
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. Specialized Bicycle Components, Inc
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Trek Bicycle Corporation
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Sports Bicycles Market is projected to reach USD 30.61 billion by 2034, growing at a CAGR of 7.73% during the forecast period.
Sports Bicycles Market grew in Market size from 2025. The Market is expected to reach USD 30.61 billion by 2034, at a CAGR of 7.73% during the forecast period.
Sports Bicycles Market CAGR of 7.73% during the forecast period.
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Sports Bicycles Market size is USD 30.61 billion from 2025 to 2034.
Sports Bicycles Market is covered By Technology, By Product, By End User, By Sales Channel
Asia Pacific is anticipated to have the highest Market share in the Sports Bicycles Market.
Bianchi, Cannondale Bicycle Corporation, Cube Bikes, Giant Manufacturing Co., Ltd, GT Bicycles, Jenson USA, Merida Industry Co., Ltd, Scott Sports SA, Specialized Bicycle Components, Inc, Trek Bicycle Corporation.
The report includes an in-depth analysis of the Global Sports Bicycles Market, including market size and trends, product mix, Applications, and supplier analysis
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