India Bicycle Market (2025-2031) | Growth, Companies, Size, Industry, Forecast, Analysis, Share, Revenue, Value & Trends

India Bicycle Market Growth Rate

According to 6Wresearch internal database and industry insights, the India Bicycle Market is growing at a compound annual growth rate (CAGR) of 8.15% during the forecast period (2025–2031).

India Bicycle Market Highlights

Topics Covered in the India Bicycle Market Report

The India Bicycle Market report thoroughly covers the market by product, technologies, end-users, and distribution channels. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

India Bicycle Market Synopsis

The India bicycle market is on track for substantial growth over the forecast period, with rising awareness of healthy living, government support for cycling, and the growing popularity of e-bikes. The increasing number of cycling events, urbanization, and growing disposable income among young people are expected to drive bicycle demand. Expanding cycling infrastructure in cities is also improving accessibility and promoting bicycles for daily commuting.

Evaluation of Growth Drivers in the India Bicycle Market

Below mentioned are some growth drivers and their impact on market dynamics:

 The India Bicycle Market is projected to grow significantly with a CAGR of 8.15% during the forecast period of 2025-2031. The increasing preference for bicycles for health and eco-friendly commuting, along with government support and increasing e-bike adoption, is accelerating market growth. Continued investments in cycling infrastructure and the expanding demand for electric bikes will drive further expansion. These trends, coupled with a move toward sustainable mobility and better awareness, are key drivers of the bicycle market’s growth.

Evaluation of Restraints in the India Bicycle Market

Below mentioned are some major restraints and their influence on market dynamics:

India Bicycle Market Challenges

The India Bicycle Market faces a number of challenges, including a lack of understanding of the health and environmental benefits of cycling, inadequate infrastructure, and the high cost of electric bicycles. Competition from automobiles and motorcycles further restricts market growth. Additionally, fluctuations in raw material prices, especially steel, contribute to price volatility in traditional bicycles.

India Bicycle Market Trends

Some major trends contributing to the growth of the India Bicycle Market are:

• Rise of E-Bikes: Increasing demand for e-bikes due to their eco-friendly and convenient nature.
• Health-Conscious Cycling: A growing focus on health and fitness is driving more people toward cycling.
• Government Initiatives & Infrastructure Development: The Indian government’s push for urban cycling infrastructure, dedicated lanes, and incentives for manufacturers is expanding the market.
• Sustainability Movement: With environmental awareness on the rise, bicycles—especially e-bikes—are gaining popularity as green transport alternatives.
• Growth of Online Bicycle Retailing: Rapid expansion of e-commerce is making bicycles and accessories more accessible, particularly in Tier-II and Tier-III cities.

Investment Opportunities in the India Bicycle Market

Here are some promising areas for investment in the India Bicycle Industry:

• E-Bike Manufacturing: Investing in electric bike production, especially for urban commuters.
• Expansion of Cycling Infrastructure: Funding cycling lanes, parking zones, and integrated transport networks to encourage bicycle use.
• E-commerce Platforms: Leveraging online retail to reach a broader customer base with convenient, one-click access.
• Innovative Bicycle Products: Developing lightweight frames, carbon-fiber components, and smart tech-enabled bicycles.
• Sustainability in Bicycle Production: Using eco-friendly materials and processes to attract environmentally conscious buyers.

Top 5 Leading Players in the India Bicycle Market

Here are some of the leading companies contributing to the India Bicycle Market Share:

1. Hero Cycles

Hero Cycles is a leading bicycle manufacturer in India, offering a wide range of bicycles across various segments, including road bikes, mountain bikes, and electric bicycles. The company’s focus on innovation and quality has earned it a significant market share.

2. Trek Bicycle Corporation

Trek Bicycle Corporation is an international player in the bicycle market and has a strong presence in India. The company offers premium bicycles, including mountain, road, and hybrid bikes, and has established a reputation for performance and quality.

3. Atlas Cycles

Atlas Cycles is one of the oldest bicycle manufacturers in India, offering a wide variety of bicycles, including traditional models and modern electric bicycles. The company’s bicycles are known for their durability and affordability.

4. BSA Cycles

BSA Cycles offers bicycles for all age groups and categories, including city bikes, mountain bikes, and electric bikes. The company is a well-known name in the India bicycle industry.

5. A2B Electric Bikes

A2B Electric Bikes specializes in the design and manufacturing of high-quality electric bicycles. The company’s focus on the electric bicycle segment places it at the forefront of this rapidly growing market.

Government Regulations Introduced in the India Bicycle Market

According to Indian government data, policies promoting health and sustainability are positively influencing the market for bicycles and their accessories. Initiatives such as the National Cycling Plan, which supports the development of dedicated cycling lanes and infrastructure, have received strong backing from the Government of India. Additionally, the government offers financial incentives to manufacturers of electric bicycles, encouraging the adoption of environmentally friendly modes of transport.

Future Insights of the India Bicycle Market

The India bicycle market is set for strong and consistent growth, fueled by rising health awareness, government support, and technological innovations like electric bicycles. Expanding cycling infrastructure and e-commerce accessibility will further boost the market. Meanwhile, continuous advancements in bicycle design will cater to changing consumer preferences. With urban mobility becoming increasingly vital, cycling is expected to play a central role in shaping India’s future transportation ecosystem.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories.

Mountain Bikes to Dominate the Market – By Product

According to Guneet Kaur, Senior Research Analyst, 6Wresearch, mountain bikes dominate the market due to their popularity for both recreational use and sport. Their suitability for off-road cycling and durability have further increased demand, particularly in urban and suburban areas.

Electric Bicycles to Dominate the Market – By Technology

Electric bicycles represent the fastest-growing segment, driven by their convenience for longer distances and eco-friendly performance. Their rising adoption in urban centers underscores their importance in India’s sustainable mobility shift.

Men to Dominate the Market – By End-user

Men currently account for the largest share of the bicycle market in India, fueled by the growing interest in cycling as both a sport and a fitness activity.

Online to Dominate the Market – By Distribution Channel

Online retailing has seen significant growth in India’s bicycle market. The convenience of doorstep delivery, broad product options, and the rising adoption of digital platforms have accelerated online bicycle sales.

Key Attractiveness of the Report

• 10 Years Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India Bicycle Market Outlook
• Market Size of India Bicycle Market, 2022
• Forecast of India Bicycle Market, 2029
• Historical Data and Forecast of India Bicycle Revenues & Volume for the Period 2019 - 2029
• India Bicycle Market Trend Evolution
• India Bicycle Market Drivers and Challenges
• India Bicycle Price Trends
• India Bicycle Porter's Five Forces
• India Bicycle Industry Life Cycle
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Product for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Mountain Bikes for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Hybrid Bikes for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Road Bikes for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Cargo Bikes for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Conventional for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By End-user for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Men for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Women for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Kids for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Online for the Period 2019 - 2029
• Historical Data and Forecast of India Bicycle Market Revenues & Volume By Offline for the Period 2019 - 2029
• India Bicycle Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By End-user
• Market Opportunity Assessment By Distribution Channel
• India Bicycle Top Companies Market Share
• India Bicycle Competitive Benchmarking By Technical and Operational Parameters
• India Bicycle Company Profiles
• India Bicycle Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Mountain Bikes
• Hybrid Bikes
• Road Bikes
• Cargo Bikes
• Others

By Technology

• Electric
• Conventional

By End-User

• Men
• Women
• Kids

By Distribution Channel

• Online
• Offline