In 2018, 3.6% of bicycles were imported from Taiwan. were imported from China in 2018.Ĭhina is the leading exporter of bicycles to the U.S. Bicycle Industry Statistics by Bikesĩ5% of bikes in the U.S. The gender gap in cycling is still one that is being researched with several hypotheses, including risk tolerance and socio-economic factors. This is up from 24% of cyclists being female in 2010. Many consumers are replacing old bicycle parts or adding new features.ħ0% of cyclists in the United States are men, and 30% are women. This is over a billion-dollar increase from 2020, when Americans spent an estimated $6.9 billion on bicycles and accessories.Īmericans spent $903 million on bicycle equipment.īicycle equipment and accessories make a significant portion of the bicycle industry revenue. In 2022, $8.2 billion was spent by Americans on bicycles and accessories. There is also a small but significant number of cyclists who participate in non-paved and mountainous area cycling. However, an increasing number of people cycle as part of their commute to work. Most of these bicycle riders are doing so for recreation. There are 52 million bicycle riders in the U.S. There are also a growing number of bicycle brand-specific stores.

This includes the 3,000 or so specialty bike shops along with the large chain stores and outdoor recreation shops that also sell bikes. There are roughly 7,000 bicycle shops in the United States. Bicycle enthusiasts and industry specialists alike are excited about its prospects. The bike industry has a sizable share of the global economy, and it continues to grow. The global market size of the bike industry is $64.62 billion in 2022. This means that there are between 3,000 and 3,400 specialty bike shops currently in the U.S.

This trend is estimated to have continued at a rate of 5%. The United States bike industry CAGR for 2022 to 2027 is 6.12%įor further analysis, we broke down the data in the following ways:Ĭonsumers | Bikes | Trends | Projections | Globalģ8.8% of specialty bike shops were closed or consolidated between 20. The market size by revenue of the bicycle industry is estimated to be around $6.9 billion.Įbike market sales grew by 240% between 20.ġ7-20 million bikes were sold in the 2022. Here are some statistics about the bicycle industry: The bicycle industry has seen incredible growth over the last several years. Bicycles are becoming increasingly more prominent in the commuting and recreation cultures of the United States. Health And Wellness Industry Statistics.US Media And Entertainment Industry Statistics.

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