According to UnivDatos, The Bicycle Market was valued at approximately USD 82.6 billion in 2024 and is expected to grow at a substantial CAGR of around 9.5% during the forecast period (2025-2033), owing to the surge in e-bike popularity. The global Bicycle market has several major players, including Giant Bicycles, Trek Bicycle Corporation, Brompton Bicycle Ltd, Avon Cycles Ltd. and MERIDA BIKES. As cycling trends shift gears toward sustainability and smart mobility, the global Bicycle Market is pedaling into a new growth phase. Valued at around USD 82.6 billion in 2024, the market is on track to expand at a CAGR of approximately 9.5% through 2033, driven largely by the explosive rise in e-bike adoption, urban lifestyle changes, and fitness awareness.

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Here's a closer look at the industry leaders shaping the future of cycling

Giant Bicycles

Giant has earned its name as a global trailblazer in bicycle manufacturing. With a presence in 50+ countries, its portfolio includes everything from rugged mountain bikes to sleek electric models. The brand blends high-tech design with a strong commitment to innovation, positioning itself at the forefront of performance and eco-conscious riding.

Trek Bicycle Corporation

This American giant is not just about selling bikes—it’s about building a movement. Trek caters to all levels of riders, from casual commuters to elite athletes. With its well-known sub-brands like Electra and Bontrager, Trek is pushing boundaries with premium e-bikes, hybrid models, and a global service network that reinforces its eco-first mission.

Brompton Bicycle Ltd

Brompton stands out for redefining mobility in crowded urban landscapes. Famous for its compact folding bikes handmade in London, Brompton delivers practical, space-saving transportation. Its growing e-bike segment and lifestyle accessories echo its dedication to modern, mobile living.

Avon Bikes

A cornerstone of India’s cycling scene, Avon has made biking accessible for generations. Known for its affordable and sturdy models—ranging from children’s bikes to electric variants—Avon’s wide manufacturing base and expansive distribution make it a household name across both rural and metro markets.

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Merida Bikes

With its roots in Taiwan and engineering prowess from Germany, Merida strikes a perfect balance between innovation and craftsmanship. Operating in over 70 nations, Merida offers high-performance bikes for every terrain and supports elite racing teams, reinforcing its status as a respected global player.

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