U.S.: bicycle revenue growth forecast 2027

The bicycle market in the United States is projected to grow over the coming years, with growth rates between 1.9 and 7.1 percent forecast between 2023 and 2027. This follows two years of decreasing market size in 2021 and 2022. However, market growth is not projected to reach levels recorded during the first year of the COVID-19 pandemic, when more than 50 percent market growth was recorded.

Bicycle market revenue growth in the United States from 2016 to 2022 with a forecast through 2027

Characteristic	Bicycle market revenue growth
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Release date

April 2023

More information

Region

United States

Survey time period

2016 to 2027

Special properties

based on an April 2023 forecast.

Supplementary notes

The analysis includes road and racing bicycles such as cruiser, standard, gravel road-, touring-, and fixed gear bikes; Off-road bicycles such as mountain bikes and cyclocross bikes; Special purpose bicycles such as folding-, BMX-, recumbent-, cargo, and kid´s bikes; Electrical and hybrid bicycles; Bicycle supplies such as bags, locks, separate bicycle baskets; Bicycle spare parts such as bicycle tubes, bicycle tires; New bicycles, e.g., new road and racing bicycles, new off-road bicycles.

Motorcycles, scooters, mopeds; Secondhand bicycles; Bike-sharing bicycles; Rented bicycles are out of scope of the analysis.
Data is an estimae modelled by Statista.

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