Product Code: ETC027659 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Bicycles Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 5.39% in 2025, the market peaks at 8.00% in 2028, and settles at 7.62% by 2029.
The Saudi Arabia bicycles market is projected to witness a positive growth over the forecast period (2025-2031). The growing demand for electric and hybrid bikes, improvement in infrastructure, rising consumer awareness towards health benefits of cycling, and increasing disposable income are some key factors driving the growth of this market. Moreover, initiatives taken by government organizations such as Vision 2031 to promote cycling culture has further contributed positively to the bicycles market in Saudi Arabia.
In recent years there has been an increased focus on technological advancements within the bicycle industry which has helped increase the popularity of electric and hybrid bikes across Saudi Arabia. This shift can be attributed to several factors such as convenience offered by these vehicles and their environmental friendliness. Furthermore, various promotional activities held for e-bikes have also helped drive demand for them in this region resulting in an overall expansion of the regional bicycles market size during 2025-2031 time period. There has been significant development seen in terms of improved infrastructure facilitating biking activities throughout several cities across Saudi Arabia due to governmental efforts aimed at promoting cycling culture amongst general public living here. These initiatives have included setting up dedicated bike lanes along major roads connecting different parts of cities or creating parks exclusively meant for cyclists allowing them access without disruption from automobile traffic thus making it more feasible for ordinary citizens who might be considering investing into buying one themselves leading to higher sales volume eventually contributing towards overall revenue generated within regional bicycle segment during 2025-2031 time frame.
Despite being a popular activity among certain sections of population residing within kingdom most people remain unaware about exercise related benefits associated with regular cycling that could help reduce risks associated with obesity or heart diseases etc., hence reducing prospective customer base interested in purchasing cycle related products thereby acting as a roadblock hampering potential future growth opportunities existing within local marketplace causing uncertainty regarding actual revenues that will be achieved once entire forecasted period ends nearing 2031 end date.
The outbreak of Covid-19 has had an unprecedented impact on the global economy, including that of Saudi Arabia bicycle industry. Due to lockdown imposed by authorities in various countries across globe, supply chain disruption occurred leading to shortage or unavailability of parts and accessories used for manufacturing bicycles worldwide which significantly affected production capacity and availability. Moreover, closures & restrictions on retail stores selling bikes also hampered revenue generation from bicycle sales due to lack of consumer spending power amid pandemic situation.
Some major players operating in Saudi Arabia Bicycle Market are Giant Bicycles Inc., Merida Industry Co Ltd., Accell Group N.V., Trek Bicycle Corporation, Derby Cycle Holding GmbH & Co KG/Dorel Industries Inc.(Pacific Cycles), Specialized Bicycle Components Inc., Shimano Incorporated/FalconCycles Company Limited , Atlas Cycles (Haryana) Ltd., Avon Cycles Limited and Hero Motors Company Pvt Ltd.
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 Saudi Arabia Bicycles Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Bicycles Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Bicycles Market - Industry Life Cycle |
3.4 Saudi Arabia Bicycles Market - Porter's Five Forces |
3.5 Saudi Arabia Bicycles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Bicycles Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Saudi Arabia Bicycles Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Saudi Arabia Bicycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Bicycles Market Trends |
6 Saudi Arabia Bicycles Market, By Types |
6.1 Saudi Arabia Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Bicycles Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Bicycles Market Revenues & Volume, By Mountain, 2021-2031F |
6.1.4 Saudi Arabia Bicycles Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.5 Saudi Arabia Bicycles Market Revenues & Volume, By Road, 2021-2031F |
6.1.6 Saudi Arabia Bicycles Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Bicycles Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Saudi Arabia Bicycles Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Saudi Arabia Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Bicycles Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Saudi Arabia Bicycles Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Saudi Arabia Bicycles Market Revenues & Volume, By Kids, 2021-2031F |
7 Saudi Arabia Bicycles Market Import-Export Trade Statistics |
7.1 Saudi Arabia Bicycles Market Export to Major Countries |
7.2 Saudi Arabia Bicycles Market Imports from Major Countries |
8 Saudi Arabia Bicycles Market Key Performance Indicators |
9 Saudi Arabia Bicycles Market - Opportunity Assessment |
9.1 Saudi Arabia Bicycles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Bicycles Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Saudi Arabia Bicycles Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Saudi Arabia Bicycles Market - Competitive Landscape |
10.1 Saudi Arabia Bicycles Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Bicycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |