According to a new report by 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. In an age dominated by sustainability demands and health-conscious decisions, the bicycle has transformed from a simple mode of travel into a powerful symbol of modern urban life.

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The global Bicycle market has several major players, including Giant Bicycles, Trek Bicycle Corporation, Brompton Bicycle Ltd, Avon Cycles Ltd. and MERIDA BIKES; More information about these companies has been provided below:

Giant Bicycles

Giant Bicycles builds and sells bicycles at a global scale as one of the top cycling manufacturers worldwide. Giant runs its production and distribution network across 50 countries worldwide and delivers road bikes, mountain bikes, city bikes, and e-bikes to customers worldwide. The brand uses modern engineering and technology methods to develop products that meet different riding levels. Its consistent investment in research and development positions Giant as a pioneer in pushing the boundaries of cycling performance and sustainability.

Trek Bicycle Corporation

Trek Bicycle Corporation holds market leadership as an American company through its high-performance bicycle product lines. Trek sells both beginning and professional sport cyclists a total line of road and mountain bikes, plus electric and hybrid models. Through its Electra and Bontrager brands, Trek runs its business internationally and provides direct customer services on top of its dealer network. As a leader in the cycling market, the company dedicates itself to helping the environment and promoting cycling through its initiatives.

Brompton Bicycle Ltd

Brompton Bicycle Ltd leads the world in making special folding bikes for city commuters who need small yet practical transportation tools. London manufactures Brompton bikes to serve urban city riders worldwide, as the product design gives users a simple yet reliable experience. The company offers electric folding bikes and practical urban lifestyle accessories in addition to traditional products. Brompton stays focused on creating better bikes while keeping its commitment to manual production methods.

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Avon Cycles Ltd.

As a leading bicycle manufacturer in India, Avon Cycles Ltd. produces various types of bikes for adults and children, plus electric models. Avon produces affordable quality bikes through reliable products that make it popular both in India and overseas markets. Through its advanced production sites and wide distribution channels, the company has served the bicycle needs of millions of consumers in cities and towns.

MERIDA BIKES

Merida Bikes is a leading Taiwanese bicycle manufacturer with design and R&D rooted in Germany. The company produces a wide range of high-quality bikes, including mountain, road, gravel, and e-bikes, distributed in over 70 countries. Known for innovation and performance, Merida actively supports professional cycling teams and is a respected name in the global bicycle industry.

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