Racing Bicycles Market Report 2025 (Global Edition)

Global Racing Bicycles Market Report 2024 Market Size Split by Product Type (Road Bikes, Mountain Bikes, Others), by Application (Bicycle Racing, Bicycle Touring, Others), by Technology (Electric, Con...

Racing Bicycles Market Report Description

We have various report editions of Racing Bicycles Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Racing Bicycles Market Insights Video

Competitive Landscape of the Racing Bicycle Market

The racing bicycle market functions as an aggressive landscape ruled by way of several key gamers, such as installed manufacturers like Trek, Specialized, Cannondale, and Bianchi. These corporations recognize innovation, presenting incredible products with superior substances and era. The marketplace is characterized by way of worldwide and nearby producers, with increasing competition from rising brands and e-trade structures. Partnerships with professional biking teams and sponsorships of activities decorate logo visibility. Additionally, developments towards customization and personalized offerings are shaping the aggressive dynamics inside the marketplace.

In October 2023, The brand-new Silex dirt bike from Merida Industry Co., Ltd. promises to enhance handling, comfort, and speed on every kind of terrain. The updated geometry, larger tire clearance, and emphasis on multi-surface adventure riding and backpacking characterize this second-generation Silex dirt bike. There are six variants in the revised Silex series, with aluminum and carbon fiber alternatives. Source: https://www.merida-bikes.com/en/news/detail/1485/SILEX+7000+impresses+in+lifeCYCLE+test In October 2022, The debut of Cervelo's first-ever XC-rated mountain bike was revealed. The ZHT-5 is efficient and lightweight because of its carbon fiber frame. A 100 mm RockShox SID SL Select RL fork is included on the lower-end GX model, while a SID SL Ultimate fork is used on the higher-end XX1 variant. Source: https://off.road.cc/content/news/cervelo-launches-first-ever-full-suspension-mountain-bike-13135 In February 2022 Merida Bikes and Team Bahrain Victorious have extended their cooperation. A cycling UCI WorldTeam team is called Team Bahrain Victorious. Bahrain Victorious would continue to get top-tier bikes from Merida Bikes as part of the relationship, including as the time trial-specific TIME WARP TT, the recently launched SCULTURA, and the aerodynamic REACTO aero bike. Source: https://www.merida-bikes.com/en/news/detail/1006/MERIDA+to+extend+partnership+with+Team+Bahrain+Victorious

Top Companies Market Share in Racing Bicycles Industry: (In no particular order of Rank)

• Accell Group
• Atlas Cycles (Haryana) Ltd.
• Avon Cycles Ltd.
• Cervelo
• Dorel Industries Inc.
• Giant Bicycles
• Merida Industry Co.
• Ltd
• Specialized Bicycle Components
• Inc.
• SCOTT Sports SA
• Trek Bicycle Corporation
• Orbea
• BH Bikes
• Axalko Bikes
• Hagen Bikes
• Mammoth bikes
• Egurra Bikes
• Garri Bike
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Racing Bicycle Market

Which Region Dominates the Racing Bicycle Market in 2024?

According to Cognitive Market Research, North America currently dominates the Racing Bicycles market, and the region is expected to have significant growth during the projected period. The North American racing bicycle marketplace is experiencing an extensive boom due to increasing fitness focus, biking reputation, and participation in competitive activities. Urban cycling projects and advancements in motorcycle generation are similarly using calls for attracting recreational and serious cyclists, leading to a vibrant and expanding marketplace landscape.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific racing bicycle marketplace is witnessing strong growth fueled by rising health cognizance, urbanization, and increasingly cycling events. Countries like China, Japan, and India are seeing a surge in cycling popularity, with more individuals taking part in recreational and competitive biking. Government projects selling cycling as a sustainable transportation alternative similarly contribute to market expansion. Additionally, the provision of less costly racing bicycles and advancements in generation are attracting a broader consumer base, improving the vicinity's role inside the worldwide racing bicycle market.

The current report Scope analyzes Racing Bicycles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Racing Bicycles

According to Cognitive Market Research, the global Racing Bicycle market size was estimated at USD 3124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1249.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Racing Bicycle market with a market size of USD 986.00 million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period. The U.S. market's rising health consciousness.
• The Canada Racing Bicycle market had a market share of USD 149.96 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Canada’s growing cycling events.
• The Mexico Racing Bicycle market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 113.72 million in 2024.

Europe Racing Bicycles

According to Cognitive Market Research, the global Racing Bicycle market size was estimated at USD 3124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 937.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.7% from 2024 to 2031.

• The United Kingdom Racing Bicycle market had a market share of USD 157.46 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. In the UK, Racing Bicycle sales witness an upswing due to the urban mobility trends.
• The France Racing Bicycle market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 86.23 million in 2024.
• According to Cognitive Market Research, the German Racing Bicycle market size was valued at USD 185.58 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, Racing Bicycle surged due to the technological advancements.
• The Italy Racing Bicycle market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 80.60 million in 2024.
• The Russia Racing Bicycle market is projected to witness growth at a CAGR of 1.0% during the forecast period, with a market size of USD 145.28 million in 2024.
• The Spain Racing Bicycle market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 76.86 million in 2024
• The Luxembourg Racing Bicycle market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 29.06 million in 2024.
• The Portugal Racing Bicycle market is projected to witness growth at a CAGR of 1.8% during the forecast period, with a market size of USD 19.68 million in 2024.
• The Greece Racing Bicycle market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Europe's Racing Bicycle market is projected to witness growth at a CAGR of 0.7% during the forecast period, with a market size of USD 145.28 million in 2024.

Asia Pacific Racing Bicycles

According to Cognitive Market Research, the global Racing Bicycle market size was estimated at USD 3124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 718.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Racing Bicycle market size was valued at USD 323.35 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Racing Bicycle surged in China due to eco-friendly transportation.
• The Japan Racing Bicycle market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 99.16 million in 2024.
• The India Racing Bicycle market had a market share of USD 86.23 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. India's e-bike popularity.
• The South Korean Racing Bicycle market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 71.86 million in 2024.
• The Australian Racing Bicycle market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 37.37 million in 2024.
• The South East Asia Racing Bicycle market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 49.58 million in 2024.
• The Rest of Asia Pacific Racing Bicycle market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 51.02 million in 2024.

South America Racing Bicycles

According to Cognitive Market Research, the global Racing Bicycle market size was estimated at USD 3124.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 156.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Racing Bicycle market size was valued at USD 66.86 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Racing Bicycles flourished in Brazil due to increased fitness awareness.
• Argentina's Racing Bicycle market had a market share of USD 26.24 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. Argentina's sports sponsorships.
• Colombia Racing Bicycle market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 13.90 million in 2024.
• Peru Racing Bicycle market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 12.81 million in 2024.
• Chile Racing Bicycle market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Latin America's Racing Bicycle market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 25.15 million in 2024.

Middle East and Africa Racing Bicycles

According to Cognitive Market Research, the global Racing Bicycle market size was estimated at USD 3124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 62.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031..

• The GCC Countries Racing Bicycle market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 26.74 million in 2024. Racing Bicycle sales flourish due to the infrastructure improvements.
• The Egypt Racing Bicycle market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 6.56 million in 2024.
• The South Africa Racing Bicycle market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 9.87 million in 2024. Racing Bicycle sales flourished in South Africa due to government initiatives.
• The Turkey Racing Bicycle market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 5.37 million in 2024.
• The Nigeria Racing Bicycle market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 6.56 million in 2024.
• The Rest of the MEA Racing Bicycle market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 7.37 million in 2024.

Racing Bicycles Market Analysis

How are Segments Performing in the Global Racing Bicycle Market?

Racing Bicycle Market Product Type Segment Analysis

According to Cognitive Market Research, Road Bikes are likely to dominate the Racing Bicycle Market over the forecast period. Road motorcycles are a chief section using growth inside the racing bicycle market. Their lightweight frames, aerodynamic designs, and high-overall performance additives cater to aggressive cyclists and enthusiasts looking for velocity and performance. The increasing reputation of road biking activities, together with gran fondos and criteriums, is boosting the call for specialized street motorcycles. Innovations in materials, together with carbon fiber and superior gearing systems, beautify performance, attracting both beginner and expert riders. As the cycling way of life continues to grow globally, street motorcycles continue to be a pivotal recognition in the racing bicycle market. .

The Mountain Bikes is the fastest-growing segment in the Racing Bicycle Market. Mountain motorcycles are gaining traction inside the racing bicycle market, driven by the growing reputation of off-road biking and aggressive mountain biking occasions. Designed for rugged terrain, these motorcycles offer enhanced durability, suspension systems, and advanced traction, catering to each casual rider and serious competition. The upward thrust of mountain biking as a recreation, along with activities like the United States and downhill races, is fueling the call. Additionally, improvements in lightweight substances and the bike era are making mountain bikes greater available, attracting a broader target market and contributing to marketplace increase in this phase.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Racing Bicycles Industry. Request a Free Sample PDF!

Racing Bicycle Market Application Segment Analysis

According to Cognitive Market Research, the Bicycle Racing segment holds the largest share of the market. Bicycle racing is a massive catalyst for growth in the racing bicycle marketplace. As aggressive cycling occasions advantage recognition globally, including street races, tune cycling, and mountain cycling competitions, the call for excessive-performance racing bicycles is increasing. Enthusiasts are investing in specialized bikes designed for velocity, efficiency, and staying power. The upward push of organized occasions, including criteriums and gran fondos, along with expert cycling leagues, is inspiring extra individuals to take part. This developing hobby in bicycle racing is riding innovation and market expansion, making it a colorful segment within the ordinary biking enterprise.

In the Racing Bicycle Market, the Bicycle Touring has been expanding at a rapid pace. Bicycle traveling is positively influencing the increase within the racing bicycle marketplace as more cyclists are searching for journeys and lengthy-distance experiences. The growing fashion of cycle tourism, wherein fans embark on extended trips, is riding calls for lightweight, durable racing bicycles designed for comfort and efficiency. Tourers are making an investment in excessive-overall performance bikes which can manage varied terrains at the same time as supplying the velocity and reliability wished for long rides. Additionally, the upward push of motorcycle-friendly infrastructure and tourism tasks encourages more people to discover biking as a feasible tour option, in addition to enhancing marketplace growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Racing Bicycles Technology Segment Analysis

Racing Bicycle Market Technology Segment Analysis

According to Cognitive Market Research, Conventional segment holds the largest market share. Electric bicycles (e-bikes) are significantly influencing growth within the racing bicycle market with the aid of attracting a broader audience, inclusive of the ones new to cycling and those looking for superior performance. The integration of electric help technology lets cyclists cover extra distances and address tough terrains comfortably, making racing greater on hand. As e-motorbike racing occasions benefit recognition, manufacturers are specializing in growing excessive-overall performance electric racing bicycles that integrate pace with advanced capabilities. This fashion now not best caters to competitive cyclists but also promotes sustainability and green transportation, using a further expansion in the racing bicycle market.

In the Racing Bicycle market, the rapidly growing sector is Electric. Conventional racing bicycles are experiencing regular increases in the racing bicycle marketplace, pushed by way of a resurgence of interest in traditional biking techniques and competitive occasions. These bikes, characterized by means of their lightweight frames and simple mechanical additives, are attracted to purists and critical cyclists who cost overall performance and craftsmanship. The developing quantity of amateur racing activities and biking clubs promotes participation and exuberance for traditional racing motorcycles. Additionally, affordability and simplicity of maintenance make them handy to a much broader audience, contributing to their enduring popularity in a marketplace increasingly stimulated via improvements and e-motorcycles.

• Electric
• Conventional

Racing Bicycles End-user Segment Analysis

Racing Bicycle Market End-user Segment Analysis

According to Cognitive Market Research, the Professional segment dominates the market. The newbie section is using considerable growth inside the racing bicycle marketplace as extra individuals have interacted with cycling for fitness, exercise, and opposition. With the upward thrust of neighborhood races, gran fondos, and cycling clubs, beginner cyclists are increasingly investing in tremendous racing bicycles to decorate their performance and entertainment. Developing attention to health benefits fuels this fashion, the community factor of biking, and the choice for non-public achievement. As manufacturers focus on producing greater, less costly, lightweight alternatives tailor-made for amateurs, this phase is turning into a critical part of the overall racing bicycle market expansion.

Amateur is projected to be the fastest-growing segment in the Racing Bicycle market. The professional section is a key motive force of growth within the racing bicycle market, as elite cyclists and teams put money into high-performance bikes designed for competitive racing. With advancements in era and materials, expert racing bicycles are engineered for premiere pace, aerodynamics, and performance. Sponsorships and endorsements in expert cycling occasions, along with the Tour de France, further stimulate demand for cutting-edge bicycles. The pursuit of excellence among expert athletes encourages producers to innovate constantly, enhancing product offerings and attracting attention to the racing bicycle market as a whole.

• Amateur
• Professional

Racing Bicycles Materials Segment Analysis

Racing Bicycle Market Materials Segment Analysis

According to Cognitive Market Research, the Aluminium frame segment dominates the market. Aluminum frames are increasingly famous within the racing bicycle marketplace due to their lightweight, sturdiness, and price effectiveness. Offering a good balance between overall performance and affordability, aluminum racing motorcycles attract amateur and aggressive cyclists. As advancements in aluminum alloy generation improve stiffness and experience quality, greater manufacturers are incorporating aluminum frames into their excessive-overall performance models. This trend caters to a growing demographic looking for dependable, lightweight options for racing and leisure cycling, making aluminum frames a vast contributor to the overall enlargement of the racing bicycle market.

Carbon fiber frame is projected to be the fastest-growing segment in the Racing Bicycle market. Carbon fiber frames are driving a great increase inside the racing bicycle market, in general, because of their advanced power-to-weight ratio and capacity to decorate overall performance. These lightweight frames permit stepped-forward speed and agility, making them the desired choice for extreme cyclists and expert racers. As advancements in carbon fiber generation continue to conform, producers are producing frames that offer greater durability and higher surprise absorption, similarly attractive to aggressive riders. The increasing demand for high-overall performance bicycles in numerous racing activities is propelling the popularity of carbon fiber frames, solidifying their role in the racing bicycle marketplace.

• Aluminium frame
• carbon fiber frame
• Steel frame

Racing Bicycles Distribution channels Segment Analysis

Racing Bicycle Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Online segment dominates the market. The online phase is unexpectedly developing in the racing bicycle market, pushed by improved customer preference for e-commerce and the ease of online shopping. This fashion lets customers get entry to a much wider variety of merchandise, competitive pricing, and designated specifications, enhancing the general buying experience and increasing market attain.

Offline is projected to be the fastest-growing segment in the Racing Bicycle market. The offline phase of the racing bicycle marketplace continues to grow, pushed with the aid of the appeal of customized providers and palms-on stories. Specialty motorcycle stores and retail stores offer expert recommendations, test rides, and protection offerings, fostering purchaser loyalty. Local biking occasions and community engagement further assist the offline market's growth.

• Online
• Offline

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion