Global bicycle sales are projected to nearly double between 2021 and 2027. In 2021 the global market value of the bicycle industry was 38.4 billion U.S. dollars. The market is expected to continue to grow in the coming years and reach a value of 73.85 billion U.S. dollars in 2027.
Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027
(in billion U.S. dollars)
Characteristic
Market size in billion USD
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Mobility Foresights. (July 31, 2021). Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Mobility Foresights. "Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars)." Chart. July 31, 2021. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Mobility Foresights. (2021). Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Mobility Foresights. "Worldwide Bicycle Market Size in 2021, with a Forecast from 2022 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Jul 2021, https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/
Mobility Foresights, Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/ (last visited July 03, 2024)
Worldwide bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) [Graph], Mobility Foresights, July 31, 2021. [Online]. Available: https://www.statista.com/statistics/1356736/bicycle-market-forecast-global/