United States Bicycle Market Size, Share, and COVID-19 Impact Analysis, By Product (Mountain, Hybrid, Road, and Cargo), By Technology (Electric and Conventional), and United States Bicycle Market Insights, Industry Trend, Forecasts to 2035

United States Bicycle Market Insights Forecasts to 2035

• The US Bicycle Market Size Was Estimated at USD 12547.9 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.87% from 2025 to 2035
• The US Bicycle Market Size is Expected to Reach USD 31951.1 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the United States Bicycle Market Size is Anticipated to Reach USD 31951.1 Million by 2035, Growing at a CAGR of 8.87% from 2025 to 2035. The expansion of the United States bicycle market is propelled by the rise in the number of individuals choosing cycling as a recreational activity.

Market Overview

A bicycle referred to as a bike, pushbike, or pedal cycle, which is a pedal-driven vehicle with two wheels positioned one behind the other and supported by a frame. It can be powered by an individual or a motor. One of the primary influences on the bicycle market in the United States is consumers' growing awareness of their health. A growing focus on mountain bike fitness is helping grow the US bicycle market. The research that shows daily cyclists have a 47% lower risk of death highlights the health benefits, prompting individuals to consider cycling. Furthermore, the ongoing awareness in society of the costs of traditional fossil fuels is prompting individuals to search for sustainable transport options like cycling. Additionally, the use of bicycles for commuting continued to grow for both workers and students in urban settings. An emerging trend within the U.S. market is the increase in the use of electric bicycles that are distinct from regular bicycles only in the use of a motor.

The U.S. government has significantly increased bicycling through the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law, by ensuring that 10% of Surface Transportation Block Grant (STBG) funds are allocated to bicycle and pedestrian facilities through the Transportation Alternatives Program and by funding programs like Safe Streets and Roads for All (SS4A), for protected bike lanes and urban trails.

Report Coverage

This research report categorizes the market for the United States bicycle market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States bicycle market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States bicycle market.

Driving Factors

The growth of the United States bicycle market is boosted due to urban sprawl and rising fuel costs; bicycles are starting to be used more than cars as the main mode of transportation for commuters. The Economic Forum has indicated that the number of individuals riding in New York has increased by 200% in 2024. Governments are spending more on infrastructure for cyclists. Governments are making riding a bicycle a safer and more convenient option for commuting. This has resulted in more individuals choosing to ride in metropolitan areas. In addition to improvements in infrastructure, buyers, health-conscious customers, will take on cycling as a form of exercise, which will help spur a trend in metropolitan areas.

Restraining Factors

The United States bicycle market faces obstacles like the rising prices that affect demand and affordability. Moreover, due to overproduction, excess inventory, and over 100 brands have become financially insolvent and were forced to liquidate. Potential cyclists are faced with inadequate bicycle infrastructure and safety concerns, and are dissuaded by those barriers.

Market Segmentation

The United States bicycle market share is classified into product and technology.

• The road segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The United States bicycle market is segmented by product into mountain, hybrid, road, and cargo. Among these, the road segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven by the fact that these are the most basic bicycles, without the special attachments necessary for racing and mountain, or other specific bicycles. The upward trend of individual personalising road bikes for certain uses is expected to be an influence on expansion.

• The conventional segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the technology, the United States bicycle market is segmented into electric and conventional. Among these, the conventional segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled by the fact that conventional bicycles are less costly to repair and maintain than electric bikes. Furthermore, while bicycles have long been a practical mode of transportation, in recent decades cycling has increasingly become a popular sport and pastime, especially with women riders.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States bicycle market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Trek Bicycle
• Scotts
• Specialized Bicycle Components
• Cycling Sports Group Inc.
• Cannondale Bicycle Corporation
• Schwinn Bicycle Corporation
• Mongoose
• Diamondback Bicycles
• Others

Recent Development

• In November 2024, Bike New York teamed up with Let’s Do This to incorporate registration technology for annual events like the TD Five Boro Bike Tour, the largest charitable bike ride, promoting cycling as an eco-friendly mode of transportation.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States bicycle market based on the following segments:

United States Bicycle Market, By Product

• Mountain
• Hybrid
• Road
• Cargo

United States Bicycle Market, By Technology

• Electric
• Conventional