Regular Bicycles - Brazil | Statista Market Forecast

Revenue in the Regular Bicycles market in Brazil is forecasted to reach US$800.40m in 2024.
This projection anticipates an annual growth rate (CAGR 2024-2029) of -1.91%, leading to a projected market volume of US$726.90m by 2029.
Unit sales in the Regular Bicycles market in Brazil are expected to hit 2.39m bicycles by 2029.
The volume-weighted average price of Regular Bicycles market in the Brazilian market in 2024 is expected to be US$284.60.
Looking at it from an international standpoint, the United States is poised to generate the highest revenue in the Regular Bicycles market globally, amounting to US$7bn in 2024.

Definition:

Regular bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by mere human strength without any electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The regular bicycles market covers all types of bicycles including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, electric bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Road and racing bicycles such as cruiser, standard, gravel road-, touring-, and fixed gear bikes

Motorcycles, scooters, mopeds, electric bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The Regular Bicycles Market in Brazil has seen a slight decline in growth due to factors such as economic instability and a decrease in consumer spending. However, with the increasing popularity of eco-friendly transportation, the market is expected to bounce back and experience significant growth in the near future.

Customer preferences: Consumers in Brazil are showing a growing interest in eco-friendly and sustainable transportation solutions, leading to a rise in demand for regular bicycles. This trend is driven by a cultural shift towards a more environmentally-conscious lifestyle, as well as an increasing focus on health and wellness. As a result, there has been a surge in the use of regular bicycles for daily commuting and recreational purposes, with a particular preference for locally-made and affordable options. This shift towards more sustainable and active modes of transportation is also being supported by government initiatives promoting cycling infrastructure and bike-sharing programs.

Trends in the market: In Brazil, the Regular Bicycles Market within the Bicycles Market is experiencing a shift towards sustainable and eco-friendly options. This trend is driven by increasing environmental awareness and government initiatives promoting cycling as a mode of transportation. These trends are significant for industry stakeholders as they present opportunities for growth and innovation. However, it also poses challenges in terms of infrastructure and regulations. As such, companies in the Regular Bicycles Market must adapt and invest in new technologies to meet the changing demands and capitalize on the potential of this evolving market.

Local special circumstances: In Brazil, the Regular Bicycles Market within the Bicycles Market is heavily influenced by the country's unique geographical and cultural factors. With a diverse landscape and a strong cycling culture, Brazil offers a wide range of terrain for cyclists to explore. Additionally, government initiatives promoting sustainable transportation and the popularity of cycling as a recreational activity have contributed to the growth of the Regular Bicycles Market in Brazil. Furthermore, the country's warm climate and the increasing focus on health and fitness have also played a significant role in the market's expansion.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in Brazil is impacted by macroeconomic factors such as consumer spending, government policies, and economic stability. With a growing middle class and increasing disposable income, there is a higher demand for regular bicycles among consumers in Brazil. Additionally, government initiatives to promote sustainable transportation and investments in transportation infrastructure have also contributed to the growth of the regular bicycles market in the country. However, economic downturns and fluctuations in the Brazilian economy can have a negative impact on the market, affecting consumer purchasing power and overall market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of regular bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.