India Bicycle Industry Outlook 2022 - 2026

Key Market Indicators

Indian bicycle import is forecast to reach almost 900,000 units this year, and grow by 1.5% annually until 2026. Demand for bicycles has been rising steadily since 1999, with an average year-on-year jump of 7.1%. Similarly, India's bicycle exports are expected to reach 1.5 million units by 2026, with a 1.3% year-on-year compound annual growth rate. Supply of bicycles has been increasing since 1993, with an average year-on-year growth of 2.4%. In 2021, India was the sixth-largest exporter of bicycles, with the Netherlands, Japan, Portugal and Italy taking the lead.

India Bicycle Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Bicycle Market Varieties: Delving into Sports, Manufacturing, Women's, and Cargo Segments

  The sports sector has become a prominent aspect of the bicycle market, stimulating significant growth, particularly in regions with ample outdoor activity opportunities. High-performance racing, mountain bikes, and triathlon cycles are gaining popularity, underpinned by global health trends and increasing interest in sports activities. The demand for sport bicycles is...

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• Bicycles: Exploring Market Opportunities across Different Age Groups and Applications

  The bicycle market presents unique preferences across various age demographics. Children and adolescents contribute significantly to market demand, with bicycles often serving as essential mobility tools and leisure items. This segment particularly demands innovation in design, usage of vibrant colors, safety, and ease of use. The adult segment, consisting of...

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• Fitness Equipment Innovation: Exploring Exercise Bike Market Dynamics and Growth Opportunities

  The exercise bike market is influenced by several key factors, including increased health awareness, demographic changes, and technological advancements. Growing health consciousness among consumers has spurred the demand for fitness equipment, especially exercise bikes. The increase in aged populations who seek less strenuous workouts is also fostering this demand, while...

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• Folding Bikes: Unfolding Market Dynamics, Opportunities, and Future Trends

  The market for folding bicycles is currently experiencing a fast-paced growth fed by urbanization trends and an increasing demand for sustainable, convenient, and efficient transportation solutions. The advanced engineering designs and enhanced functionalities of the modern folding bikes, whether electric or mechanical, are making them a preferred alternative for commuting,...

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• Bicycle Infotainment Systems: Analysis of Influential Market Trends and Dynamics

  The industry of intelligent cycling systems currently reflects a drive towards enhanced safety, personalisation, and fitness tracking. Customers are increasingly looking for versatile solutions that consolidate commuter needs with individual wellness goals. Integrated navigation features and connectivity to personal devices are also distinguishing the current offerings in the sector.

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