The revenue in the bicycles market in Mexico was forecast to continuously increase between 2024 and 2029 by in total 68.6 million U.S. dollars (+10.76 percent). After the twelfth consecutive increasing year, the indicator is estimated to reach 706.05 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the bicycles market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
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 or additionally with an assisting electrical engine. Unlike electrically powered scooters and mopeds, electrical bicycles always have pedals allowing them to be ridden with human power.
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 bicycles market covers all types of bicycles including road and racing bicycles, off-road bicycles, special purpose bicycles, electrical bicycles, hybrid bicycles, as well as bicycle supplies. However, motorcycles, scooters, mopeds, secondhand 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.
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Statista. (April 24, 2024). Revenue in the bicycles market in Mexico from 2017 to 2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/
Statista. "Revenue in the bicycles market in Mexico from 2017 to 2029 (in million U.S. dollars)." Chart. April 24, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/
Statista. (2024). Revenue in the bicycles market in Mexico from 2017 to 2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/
Statista. "Revenue in The Bicycles Market in Mexico from 2017 to 2029 (in Million U.S. Dollars)." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/
Statista, Revenue in the bicycles market in Mexico from 2017 to 2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/ (last visited August 24, 2024)
Revenue in the bicycles market in Mexico from 2017 to 2029 (in million U.S. dollars) [Graph], Statista, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1396920/revenue-bicycles-market-mexico/