Bicycle Market size was valued at US$ 55.38 Billion in 2020 and the total Bicycle Market revenue is expected to grow at 7% through 2021 to 2027, reaching nearly US$ 88.93.

The increasing cognizance of the benefits of a healthy lifestyle is fundamental to the growth of the global bicycle market. Bicycling is also increasingly perceived as a form of leisure activity in both developed and developing economies.