According to a recent study by UnivDatos, the Global Bicycle Market was valued at around USD 82.6 billion in 2024 and is projected to expand at a strong CAGR of nearly 9.5% during the forecast period (2025–2033). The market’s growth is largely driven by the increasing adoption and popularity of electric bicycles (e-bikes) across the globe.
List of Leading Bicycle Companies Worldwide:
The worldwide bicycle market features several prominent players, including Giant Bicycles, Trek Bicycle Corporation, Brompton Bicycle Ltd, Avon Cycles Ltd., and MERIDA BIKES. Additional information on these companies is provided below
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1. Giant Bicycles
Giant Bicycles operates as one of the largest bicycle manufacturers globally, producing and selling bikes in over 50 countries. The company offers a comprehensive portfolio including road, mountain, city, and electric bikes. By incorporating cutting-edge design and advanced technologies, Giant delivers products that cater to various skill levels. Its continuous R&D investments enable the brand to stay at the forefront of innovation, sustainability, and performance enhancement in the cycling industry.
2. Trek Bicycle Corporation
Trek Bicycle Corporation, a U.S.-based leader in premium cycling products, offers a full range of road, mountain, hybrid, and electric bicycles for both beginners and professionals. Operating globally through its Electra and Bontrager brands, Trek provides an extensive dealer network and direct-to-customer services. The company is well recognized for its commitment to environmental sustainability and active promotion of cycling as a lifestyle and eco-friendly transport option.
3. Brompton Bicycle Ltd
Headquartered in London, Brompton Bicycle Ltd is a pioneer in manufacturing folding bicycles, designed especially for urban commuters seeking compact, reliable mobility solutions. Brompton’s innovative approach combines practical design with handcrafted production, offering both manual and electric folding models along with lifestyle accessories. The company continues to refine its designs while maintaining its dedication to craftsmanship and quality.
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4. Avon Cycles Ltd.
Avon Cycles Ltd., one of India’s leading bicycle manufacturers, produces a broad range of bicycles for adults, children, and e-bike users. Known for its affordable pricing and reliability, Avon has built a strong reputation in both domestic and international markets. With advanced manufacturing facilities and an extensive distribution network, the company continues to meet the diverse mobility needs of millions of customers.
5. MERIDA BIKES
MERIDA BIKES, a renowned Taiwanese bicycle brand with German R&D and design, produces high-quality mountain, road, gravel, and electric bikes sold in over 70 countries. Recognized for its innovation and precision engineering, Merida is a trusted name among professional cyclists and enthusiasts alike. The company actively supports professional cycling teams, reinforcing its position as a global industry leader.
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