| Product Code: ETC5084588 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Armenia Bicycles Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 17.36% in 2025, climbs to a high of 17.80% in 2026, and moderates to 4.59% by 2029.

By 2027, the Bicycles market in Armenia is anticipated to reach a growth rate of 16.49%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Bicycles Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Bicycles Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Bicycles Market - Industry Life Cycle |
3.4 Armenia Bicycles Market - Porter's Five Forces |
3.5 Armenia Bicycles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Armenia Bicycles Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Armenia Bicycles Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Armenia Bicycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and fitness leading to a growing demand for bicycles. |
4.2.2 Government initiatives promoting cycling as a sustainable mode of transportation. |
4.2.3 Rising urbanization and traffic congestion driving the need for alternative modes of commuting. |
4.3 Market Restraints |
4.3.1 Seasonal variations affecting the sales of bicycles. |
4.3.2 Lack of infrastructure and facilities for cyclists in Armenia. |
4.3.3 Limited disposable income of the population impacting purchasing power. |
5 Armenia Bicycles Market Trends |
6 Armenia Bicycles Market Segmentations |
6.1 Armenia Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Bicycles Market Revenues & Volume, By Mountain, 2021-2031F |
6.1.3 Armenia Bicycles Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.4 Armenia Bicycles Market Revenues & Volume, By Road, 2021-2031F |
6.1.5 Armenia Bicycles Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Armenia Bicycles Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Armenia Bicycles Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Armenia Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Armenia Bicycles Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Armenia Bicycles Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Armenia Bicycles Market Revenues & Volume, By Kids, 2021-2031F |
7 Armenia Bicycles Market Import-Export Trade Statistics |
7.1 Armenia Bicycles Market Export to Major Countries |
7.2 Armenia Bicycles Market Imports from Major Countries |
8 Armenia Bicycles Market Key Performance Indicators |
8.1 Average number of cycling events or races organized annually. |
8.2 Percentage increase in bicycle lanes or cycling-friendly infrastructure. |
8.3 Number of bicycle-sharing programs implemented in major cities. |
9 Armenia Bicycles Market - Opportunity Assessment |
9.1 Armenia Bicycles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Armenia Bicycles Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Armenia Bicycles Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Armenia Bicycles Market - Competitive Landscape |
10.1 Armenia Bicycles Market Revenue Share, By Companies, 2024 |
10.2 Armenia Bicycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |