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.
