Market Insight-Global Bikes and Shared Bikes Market Overview 2024
The global Bikes market size is projected to reach US$ 69884.76 Million by 2030 from US$ 61668.04 million in 2023 at a CAGR of 2.55% during 2024-2030. – Bossonresearch.com
The Global Bikes Market encompasses all bicycles designed for personal and recreational use, transportation, fitness, and sports activities. This market includes a wide variety of bicycle types such as road bikes, mountain bikes, hybrid bikes, BMX bikes, folding bikes, and electric bicycles (e-bikes). The market covers both the sale of complete bicycles and the distribution of bicycle parts and accessories. It does not include motorized vehicles such as motorcycles or scooters, nor does it encompass bike-sharing services, which belong to a separate market category. The global Bikes market size is projected to reach US$ 69884.76 Million by 2030 from US$ 61668.04 million in 2023 at a CAGR of 2.55% during 2024-2030. million vehicles gradually increased to 143.48 million vehicles in 2030. Bicycles are seen as a solution to traffic congestion and a convenient, environmentally friendly mode of transportation. Bike-sharing projects have become an important driving force for the development of the bicycle manufacturing market in the past few years. In addition, with the increase in global health awareness, More and more people are choosing to ride bicycles to stay healthy. Governments and health organizations have been promoting cycling as a form of exercise, which has driven the demand for traditional bicycles and electric bicycles for leisure and fitness purposes. The growing popularity of e-bikes is another key factor driving the market growth. E-bikes offer convenience and ease, especially for long commutes or hilly terrains, making them attractive to a wider range of people. Battery efficiency and motor system Technological innovations have also enhanced the appeal of electric bikes, contributing to the overall growth of the bike market.
Figure Global Bikes Market Size (M USD)
Source: Bossonresearch.com, 2024
The global Shared Bikes Manufacturing market size is projected to reach US$ 1026.70 Million by 2030 from US$ 654.62 million in 2023 at a CAGR of 7.28% during 2024-2030.
The Shared Bikes Market refers to the sector of the micromobility industry that offers bicycles for short-term use through various bike-sharing programs. These programs allow users to rent bicycles for brief periods, typically through a mobile app, and return them to designated docking stations or any legal location, depending on whether the system is docked or dockless. The market includes both traditional pedal-powered bikes and electric bicycles (e-bikes). Shared bikes are primarily used for urban commuting, last-mile connectivity, and short -distance travel within cities. The market does not include other shared micromobility options such as scooters or mopeds. The global Shared Bikes Manufacturing market size is projected to reach US$ 1026.70 Million by 2030 from US$ 654.62 million in 2023 at a CAGR of 7.28 % during 2024-2030. Shared bikes are an ideal solution for short-distance urban travel, providing a convenient and environmentally friendly alternative to motor vehicles. The need for faster, more efficient transportation in congested cities has driven demand for bike-sharing programs and the production of bikes for these services. Innovations such as GPS tracking, mobile app integration, and contactless payment systems have increased the popularity of bike-sharing programs. Convenience and user experience. The dockless system allows users to pick up and return bikes at any legal location, increasing flexibility. E-bikes provide users with the benefits of electric power pedals, making travel easier and faster, contributing more High average daily riding times. The growing demand for shared electric bicycles has contributed significantly to the growth of the shared bicycle manufacturing market.
Figure Global Shared Bikes Market Size (M USD)
Source: Bossonresearch.com, 2024
Global Bikes and Shared Bikes Market: Competitive Landscape
According to our calculations, the CR5 and HHI of the global Bikes market in 2023 was 20.20% and 0.89% respectively, showing a low market concentration. This means that the market is in fierce competition. Currently, the major players in the global Bikes market include Pon Holdings B.V., Yadea Group, Giant Manufacturing Co. Ltd, Trek Bicycle Corporation, AIMA Technology Group, Accell Group, Cube Bikes, Merida Industry Co., Ltd., Tianjin FUJI-TA Bicycle Industrial Co., Ltd., Shenzhen XiDeSheng Bicycle Co., Ltd., Specialized Bicycle Components, Inc, Orbea, Fritz Jou, Hero Cycles Limited, Scott Sports SA, Shanghai Phoenix Bicycles, Brompton Bicycle Inc., Zhonglu Co., Ltd. , Pinarello, AVON CYCLES LTD, Rohatyn, TRINX, TI Cycles, Colnago, Look Cycle, FRM Bike Technology Srl, Nicolai, Keeway, Kona Bikes, ELLSWORTH.
In 2023, the CR5 and HHI of global shared bikes was 44.58% and 5.86% respectively, and the market will still be in fierce competition. Major global shared bike manufacturers include Tianjin Fujita, Tianjin Aima Technology, Shanghai Phoenix Bicycles, Jiujiang Bencian Intelligent, Yadea Group, WILLING IND Co., Ltd, Galaxy bikes, Yongqi Bicycles.
Key Company in Bikes Market
Pon Holdings B.V.
Yadea Group
Giant Manufacturing Co. Ltd
Trek Bicycle Corporation
AIMA Technology Group
Accell Group
Cube Bikes
Merida Industry Co., Ltd.
Tianjin FUJI-TA Bicycle Industrial Co., Ltd.
Shenzhen XiDeSheng Bicycle Co., Ltd.
Specialized Bicycle Components, Inc
Orbea
Fritz Jou
Hero Cycles Limited
Scott Sports SA
Shanghai Phoenix Bicycles
Brompton Bicycle Inc.
Zhonglu Co., Ltd.
Pinarello
AVON CYCLES LTD
Rohatyn
TRINX
TI Cycles
Colnago
Look Cycle
FRM Bike Technology Srl
Nicolai
Keeway
Kona Bikes
ELLSWORTH
Others
Key Company in Shared Bikes Market
Tianjin Fujita
Tianjin Aima Technology
Shanghai Phoenix Bicycles
Jiujiang Bencian Intelligent
Yadea Group
WILLING IND Co., Ltd
Galaxy bikes
Yongqi Bicycles
Others
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