In 2023, the US market for bicycle frames, forks, and parts was valued at $1.267 billion. Forecast data from 2024 to 2028 shows a steady decrease in market size, dropping from $1.262 billion in 2024 to $1.239 billion in 2028. This equates to an average annual contraction of about 0.38% CAGR over the five-year forecast period. The year-on-year decline is relatively consistent, with a slight decrease each year.
Future trends to watch for include technological advancements in materials leading to lighter and more durable products, as well as the impact of increasing environmental awareness which may promote cycling as a sustainable mode of transportation, potentially stabilizing or reversing the market contraction.
