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United States Bicycle Market Set to Grow at over 3.91% CAGR until 2032

A bicycle is a vehicle with two wheels attached to a frame, propelled by pedaling. It is a versatile mode of transportation, offering an eco-friendly and efficient way to travel short to medium distances.
Published 24 April 2024

United States Bicycle Market Overview 2024-2032

The latest report by IMARC Group, titled “United States Bicycle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the market share. United States bicycle market size is projected to exhibit a growth rate (CAGR) of 3.91% during ​2024-2032​.

 A bicycle is a vehicle with two wheels attached to a frame, propelled by pedaling. It is a versatile mode of transportation, offering an eco-friendly and efficient way to travel short to medium distances. It consists of various components such as handlebars, pedals, gears, and brakes. It is available in various designs suited for different purposes, including commuting, recreational riding, racing, and off-road adventures. The basic structure of a bicycle includes a frame composed of metal or composite materials, with wheels fitted onto axles connected to the frame by a fork. The rider sits on a saddle positioned atop the frame and operates the bicycle by gripping the handlebars for steering and pedaling to generate forward motion. Additionally, bicycles promote physical fitness, environmental sustainability, and community engagement. Nowadays, bicycles continue to play a significant role in shaping modern transportation and leisure activities, embodying simplicity, efficiency, and freedom on two wheels from city streets to mountain trails.

United States Bicycle Market Trends and Drivers:

The United States bicycle market is primarily driven by increasing awareness of health and environmental concerns among consumers, prompting more individuals to seek eco-friendly transportation options and incorporate physical activity into their daily routines. Additionally, the COVID-19 pandemic is escalating the demand for outdoor activities, including cycling, as individuals look for safe and socially distanced ways to stay active.

Furthermore, advancements in technology have made bicycles more appealing, with the introduction of electric bikes (e-bikes) offering convenience and accessibility to a wider range of demographics. Moreover, urbanization and increasing traffic congestion in cities have encouraged commuters to opt for bicycles as a practical means of transportation, leading to a growing market for commuter and hybrid bikes. Besides this, the expansion of bike-sharing programs and the development of dedicated bike lanes and infrastructure in many cities have also contributed to the market growth by enhancing accessibility and safety for cyclists. Additionally, the trend toward sustainable living and the desire for alternative modes of transportation are creating opportunities for further expansion and innovation in the industry.

For an in-depth analysis, you can refer sample copy of the report:

United States Bicycle Market 2024-2032 Analysis and Segmentation:

The report segmented the market on the basis of region, type, technology, price, distribution channel, and end user.

Type Insights:

  • Road Bicycle
  • Mountain Bicycle
  • Hybrid Bicycle
  • Others

Technology Insights:

  • Electric
  • Conventional

Price Insights:

  • Premium
  • Mid-Range
  • Low-Range

Distribution Channel Insights:

  • Online Stores
  • Offline Stores

End User Insights:

  • Men
  • Women
  • Kids

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West

Key highlights of the report:

  • Market Performance (2018-2023)
  • Market Outlook (2024- 2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample:

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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