United States Bicycle Market to Witness 3.91% CAGR until 2032

United States Bicycle Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.91% (2024-2032)

The United States bicycle market is experiencing robust growth driven by increasing health consciousness and a rising focus on environmentally friendly transportation alternatives. According to the latest report by IMARC Group, the market size is projected to exhibit a growth rate (CAGR) of 3.91% during ​2024-2032​.



For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-bicycle-market/requestsample

United States Bicycle Industry Trends and Drivers:

  • Urban Expansion and Bicycles as a Practical Solution:

    • Bicycles are increasingly embraced to reduce traffic congestion and pollution in expanding urban centers.
    • Major cities like New York, Los Angeles, and Chicago are driving market demand with bike-sharing programs and dedicated cycling infrastructure.

  • Growing Demand Across Bicycle Segments:

    • Road bikes, mountain bikes, and electric bicycles are seeing heightened demand due to trends in personal fitness and outdoor recreation.

  • Impact of the COVID-19 Pandemic:

    • The pandemic led to a significant rise in bicycle demand as individuals sought alternative transportation and outdoor recreational options.
    • Cycling gained popularity for both health and transportation, with the effects expected to have a lasting influence on the market.
    • Remote work has encouraged individuals to incorporate cycling into daily routines for exercise or leisure, further driving United States bicycle market growth.

  • Technological Innovations and Customization:

    • Manufacturers are focusing on lightweight materials, enhanced durability, and design innovations to meet evolving consumer needs.
    • Integration of smart technologies, such as GPS tracking, fitness monitoring, and app connectivity, is making cycling more appealing to younger consumers.
    • Customizable features like frame size and accessories are gaining popularity, driving brand loyalty and personalized experiences.

  • Rise of Electric Bicycles (E-bikes):

    • E-bikes are becoming increasingly popular for commuting and long-distance travel due to advancements in battery technology and motor efficiency.
    • E-bikes' accessibility to a broader range of consumers is propelling industry growth.

  • Increasing Participation in Cycling Events and Communities:

    • Cycling events and recreational biking communities are encouraging participation across all age groups.
    • High-performance bikes for competitive cycling and mountain biking are in demand, as consumers seek advanced and durable models.

  • Government Support for Cycling:

    • Government initiatives to promote cycling as a sustainable transportation method are boosting market expansion.
    • Investments in bike lanes and cycling safety measures are also contributing to the industry's growth.

United States Bicycle Industry Segmentation:

The report has segmented the market into the following categories:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=20438&flag=C

Key highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: 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.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

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Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

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