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Premium Bicycle Market Share

Report ID: GMI6780
Published Date: Nov 2024
Report Format: PDF

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Premium Bicycle Market Share

Premium Bicycle Company Market Share, 2024

Giant Manufacturing and Cannondale collectively held a substantial market share of over 5% in the premium bicycle industry in 2024. due to their strong reputations for quality, innovation, and performance. Giant, one of the largest bicycle manufacturers globally, combines scale with high-quality production, ensuring global reach. Cannondale is known for its cutting-edge designs and lightweight materials, appealing to serious cyclists.

Both brands cater to various cycling disciplines, including road bikes, mountain bikes, and e-bikes, capitalizing on the growing demand for eco-friendly transportation. Their strong marketing, athlete sponsorships, and premium customer experiences further bolster their market positions. Together, Giant and Cannondale continue to dominate the premium bicycle market by offering advanced features, superior craftsmanship, and brand loyalty, ensuring a substantial share in 2024.

Premium Bicycle Market Companies

Major players operating in the premium bicycle industry are:

Accell Group N.V.
BMC Switzerland
Cannondale
Canyon Bicycles
Cervélo Cycles
Giant Manufacturing Co. Ltd.
Merida Industry Co. Ltd.
Pon Holdings BV
Specialized Bicycle Components
Trek Bicycle Corporation

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of premium bicycle reached USD 11.6 billion in 2024 and is set to grow at a CAGR of 8.2% from 2025 to 2034, driven by the shift towards eco-friendly and sustainable transportation.

The men's segment held around 48% of the market share in 2024 due to the perception of cycling as a male-dominated sport and the alignment of premium bicycles' high-performance features with male cyclists' interests.

China's market accounted for 35% of the revenue share in 2024 and is expected to exceed USD 6.5 billion by 2034, benefiting from a well-established manufacturing infrastructure and a rising middle and upper class seeking premium products.

The key players in the industry include Accell Group N.V., BMC Switzerland, Cannondale, Canyon Bicycles, Cerv