Bike Market to Witness Growth Owing to Electric Bicycle Demand

The Global Bike Market is estimated to be valued at USD 63 Bn in 2025 and is expected to exhibit a CAGR of 9% over the forecast period 2025 to 2032.

The Bike Market encompasses a diverse range of two-wheeled cycles, from traditional road and mountain bikes to advanced electric bicycles and urban commuters. These products deliver eco-friendly transportation solutions, fitness benefits, and cost-effective daily mobility, driving strong market demand across age groups and geographies. Electric bikes, in particular, integrate battery technology, regenerative braking.

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