Asia-Pacific Bicycle Market Overview: Size, Trends, Segmentation & Competitive Landscape
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The Asia-Pacific (APAC) bicycle market is undergoing significant transformation, driven by rising urbanization, increasing environmental consciousness, the surge in electric mobility, and proactive government support for sustainable transport. As the largest regional market globally, APAC accounts for over 60% of global bicycle production and consumption , led by giants like China, India, Japan, and Taiwan. This blog provides a detailed analysis of the APAC bicycle market , covering its size, growth projections, segmentation, country-wise performance, and industry trends. 1. Asia-Pacific Bicycle Market Size In 2023, the Asia-Pacific bicycle market future outlook was valued at USD 28.4 billion , and is expected to reach USD 39.5 billion by 2028 , growing at a CAGR of 6.8% . Key contributors to market size: China : World's largest producer and consumer, home to major OEMs and e-bike giants. India : Massive rural demand and growing urban adoption. Japan : Strong m...