Canada Bicycle Market Research Report, 2029

In Canada, bicycles are increasingly recognized as a sustainable mode of transportation, with a positive perception among urban populations. Major cities like Montreal, Toronto, Vancouver, and Calgary are leading this trend, supported by extensive cycling infrastructure and active bike-sharing programs. In Montreal, cycling comprises a significant portion of the transportation mix, while Vancouver has seen a notable increase in cycling trips due to improved bike lanes and community engagement. The actual meaning of a bicycle is a two-wheeled vehicle powered by pedaling, which offers numerous benefits, including promoting physical fitness, reducing carbon emissions, and alleviating traffic congestion. According to the research report, "Canada Bicycle Market Research Report, 2029," published by Actual Market Research, the Canada Bicycle market is anticipated to add to more than USD 120 Million by 2024–29. The Canadian bicycle market is driven by several key factors, including government initiatives promoting cycling for health and environmental reasons, the rise of electric bicycles as an alternative commuting option, and the expansion of bike-sharing programs that make cycling more accessible. Additionally, the growing awareness of health and wellness post-pandemic has led to increased participation in recreational cycling. With cities investing in bike-friendly infrastructure, the market is poised for continued growth as more Canadians embrace cycling as a viable transportation choice.

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The Canadian bicycle market is segmented into several types, including road bikes, mountain bikes, hybrid bikes, e-bikes, and others such as kids' and standard bicycles. Among these segments, e-bikes and road bikes are the largest, reflecting a growing consumer preference for high-performance and efficient cycling options. Road bikes are favored for their speed and suitability for long-distance rides, while e-bikes offer the convenience of electric assistance, making them ideal for urban commuting and recreational use. The popularity of these types is indicative of a broader trend towards sustainable transportation solutions in Canada. The market is also driven by increasing health consciousness, rising fuel prices, and government initiatives promoting cycling infrastructure. Cities like Toronto, Vancouver, and Montreal have invested in bike lanes and shared bike programs, encouraging more people to adopt cycling as a primary mode of transport. In the Canadian bicycle market, the segmentation by end user includes men, women, and kids, with men holding the largest share due to a greater inclination towards cycling activities. This segment is driven by a growing interest in fitness and outdoor recreation among males, who often engage in both commuting and leisure biking. The women's segment is also expanding, fueled by increasing awareness of health benefits and initiatives promoting cycling as a family-friendly activity. Additionally, the market is segmented by biker types into highly engaged, engaged, leisure, and travel bikers. Among these categories, leisure bikers represent a significant portion of the market, as they prioritize comfort and enjoyment in their cycling experiences. Notably, men and leisure bikers have the highest market share inter-segmentally, indicating a strong preference for bicycles that cater to relaxed yet active lifestyles. This dynamic landscape highlights the evolving consumer behavior in Canada, where cycling is embraced as both a practical mode of transportation and a recreational activity. In the Canadian automotive market, the technology types used in vehicles can be broadly categorized into two main segments - electric and conventional. The electric segment encompasses vehicles that are powered solely by electric motors and rechargeable battery packs, offering a more environmentally-friendly and energy-efficient driving experience. These zero-emission cars are becoming increasingly popular in Canada as consumers seek to reduce their carbon footprint and take advantage of government incentives and charging infrastructure investments. On the other hand, the conventional segment refers to vehicles that rely on traditional internal combustion engines fueled by gasoline or diesel. While these models may not be as eco-friendly, they continue to dominate the Canadian market due to their widespread availability, affordability, and the familiarity of the underlying technology. As the country pushes towards a more sustainable transportation future, the balance between electric and conventional vehicles is expected to shift, with electric cars gradually gaining a larger market share across the diverse regions of Canada.

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COVID-19 Impact: The market for bicycles was greatly disrupted by the COVID-19 outbreak. Bike riding became popular as a safe, healthful, and eco-friendly way to exercise and travel during lockdowns and social distancing measures. This resulted in an increase in demand, especially for recreational and commuter bicycles. Furthermore, the epidemic hastened the construction of bicycle infrastructure in numerous cities, increasing the accessibility and convenience of cycling. The pandemic's long-term effects on the bicycle market are probably going to be favorable, with a steady rise in cycling participation and a shift towards healthier and more sustainable lives, notwithstanding the difficulties caused by supply chain interruptions. Considered in this report • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Canada Bicycle market with its value and forecast along with its segments • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation By Type • Road Bikes • Mountain Bikes • Hybrid Bikes • E-bikes • others By End User • Men • Women • Kids By Bikers Type • Highly Engaged • Engaged • Leisure • Travel By Technology Type •Electric •Conventional The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering, the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started, verifying the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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