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Premium Bicycle Market Trends

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

Premium Bicycle Market Trends

Electric bicycles (e-bikes) have become a major growth area in the premium market, providing cyclists with powered assistance that makes it easier to tackle longer commutes, hilly terrain, and heavy loads. E-bikes are particularly popular among urban commuters who want a faster and less strenuous alternative to conventional bicycles. Advances in battery technology, lighter materials, and government incentives are driving this trend, making e-bikes more accessible and appealing to a broader audience.
 

Smart features are becoming common in premium bicycles, with integrated GPS, performance tracking, and connectivity to mobile apps allowing riders to monitor their speed, distance, health metrics, and route. Additionally, some bicycles now offer anti-theft systems with location tracking, enhancing security. This trend appeals to tech-savvy consumers who value data-driven insights into their riding habits and fitness progress, as well as added convenience and security.
 

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

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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