Canada Bicycle Market Research Report By Application (Racing, Transportation tools, Recreation) and By Type (E-bikes, Conventional bikes)- Forecast to 2035

Canada Bicycle Market Overview:

As per MRFR analysis, Canada Bicycle Market Size was estimated at 2.88 (USD Billion) in 2023. Canada Bicycle Market Industry is expected to grow from 3.1(USD Billion) in 2024 to 6.1 (USD Billion) by 2035. Canada Bicycle Market CAGR (growth rate) is expected to be around 6.347% during the forecast period (2025 - 2035).

Key Canada Bicycle Market Trends Highlighted

In Canada, the bicycle market has recently revealed important new indicators that suggest a change in the interest level of sustainable modes of transport. Public attention on climate change and environmental issues is strongly contributing to the sustainable change practices. The Canadian government has been facilitating this shift by investing in cycling infrastructure, and business in Urban centers. Canadian are adopting cycling as a transportation method in greater numbers, especially in areas such as Toronto, where improvements to cycling lanes are being made. The rise in popularity for electric bicycles also serves as a key market driver in Canada.

From a health and fitness viewpoint, these e-bikes offer an easy and inexpensive method to travel for Canadians to cover longer distances and difficult terrain and are appealing to commuters and casual cyclists too. Bother Canadians and Globally, the desire for less carbon intense lifestyles together with the quest for reliable and better bicycles leads to these mbe rican made e-bikes. Also, products for urban commuting, mountain biking, and recreational riding specialized bicycles and accessories for other diverse consumer preferences is also targeted. As cycling events and advocacy groups grow, the market has some hope in the community initiatives that boost biking culture.

Lately, there has been an increase in the use of technology for bicycles, like tracking and finding bike-friendly routes, as well as connecting with local cycling communities using apps. The demand for biking as a leisure activity has increased tremendously as well, leading to a growth in the sales of bicycles for both casual and avid cyclists. All in all, the Canadian bicycle market is moving toward better sustainability, innovation, as well as community participation.

Canada Bicycle Market Drivers

Increasing Environmental Awareness

In Canada, the surge in environmental consciousness among citizens has significantly driven Canada Bicycle Market Industry. Initiatives such as the Canadian government's commitment to reduce greenhouse gas emissions by 40-45% below 2005 levels by 2030 have led urban planners and residents alike to embrace cycling as a sustainable mode of transport. Additionally, surveys reveal that over 60% of Canadians reported a willingness to switch from cars to bikes to decrease their carbon footprint. Organizations like EcoAction and local cycling advocacy groups promote biking as part of eco-friendly transport solutions. This growing awareness around sustainability not only boosts bicycle sales but also supports infrastructure development focusing on bike lanes and cycling facilities, indicating a thriving market for bicycles in Canada.

Government Initiatives and Infrastructure Development

The Canadian government has been making substantial investments in cycling infrastructure, which continues to drive Canada Bicycle Market Industry. For instance, as part of the national budget for 2022-2023, an allocation of approximately CAD 400 million was announced for active transportation projects that enhance cycling paths and facilities. This strategic investment has not only improved safety for cyclists but also attracted more individuals to adopt cycling as their primary mode of transport. Many provinces are also aligning their local budgets to support new bike lanes and cycling programs. Thus, this government push signifies a dedicated direction to promote cycling, subsequently bolstering the bicycle market in Canada.

Health Consciousness Among Canadians

With a noticeable increase in health consciousness across Canada, more individuals are choosing cycling as a preferred exercise method, thereby enhancing Canada Bicycle Market Industry. Statistics from the Canadian Community Health Survey indicate that over 65% of Canadians engage in some form of physical activity on a regular basis. Cycling presents a low-impact workout that is particularly appealing to various demographics, including older adults and those recovering from injuries. Organizations such as ParticipACTION encourage Canadians to partake in physical activity, thereby contributing to the cultural shift towards cycling for health benefits. This emphasis on health and wellness promotes increased bicycle sales and participation in cycling events, reinforcing market growth.

Canada Bicycle Market Segment Insights:

Bicycle Market Application Insights

Canada Bicycle Market, particularly within the Application segment, showcases a diverse range of uses that reflect the changing lifestyles and preferences of Canadians. This market segment emphasizes key areas such as racing, transportation tools, and recreation, each playing a pivotal role in promoting cycling as a sustainable and healthy mode of transportation. The growing awareness of environmental concerns has driven the demand for bicycles as an alternative transportation tool, encouraging governments to invest in cyclist-friendly infrastructure across urban areas in Canada.

The transportation aspect is critical as it aligns with national goals for reducing carbon emissions and easing traffic congestion, making cycling an attractive option for daily commuting. Racing, a category that captures the competitive spirit among many Canadians, continues to gain traction with the organization of various cycling events and competitions. The number of participants in cycling races and events is reflective of a robust sporting culture, contributing to the vibrancy of Canada Bicycle Market. Additionally, the recreation segment stands out by appealing to people of all ages, offering a fun, healthy activity that enhances social connectivity.

The recreational use of bicycles supports community engagement and promotes physical well-being among the population, further solidifying cycling’s role in healthy urban living. Each of these segments presents opportunities for market growth, innovation in product design, and adaptations to consumer needs while addressing challenges such as road safety, urban planning, and public infrastructure. As cycling continues to evolve in Canada, the insights from the Application segment of Canada Bicycle Market indicate a robust landscape driven by health, sustainability, and recreational joy, making it an integral part of the broader transportation framework within the country.

Bicycle Market Type Insights

Canada Bicycle Market has shown significant diversification in its Type segmentation, notably with the rise of E-bikes and the continued relevance of Conventional bikes. E-bikes have gained immense popularity in urban areas, supported by government initiatives to promote eco-friendly transportation methods. They offer the benefit of reducing carbon emissions and align well with the growing trend of sustainable living among Canadians. Conversely, Conventional bikes maintain a strong presence in the market, appealing to recreational cyclists and those seeking low-maintenance options.With the increasing focus on health and fitness, Conventional bikes have become a preferred choice for many individuals looking to integrate physical activity into their daily routines. The selection between E-bikes and Conventional bikes indicates a broader shift towards sustainable commuting options in Canada, fueled by rising environmental consciousness and urban development. Overall, the Type segmentation of Canada Bicycle Market reflects diverse consumer preferences driven by technology adoption and lifestyle choices.

Canada Bicycle Market Key Players and Competitive Insights:

The competitive landscape of Canada Bicycle Market reflects a dynamic blend of innovation, consumer preferences, and the growing shift toward sustainable transportation options. This market has witnessed a surge in demand due to increasing health consciousness among Canadians and government initiatives promoting cycling as an environmentally friendly mode of transit. The competition within this market is characterized by several key players, each striving to capture a significant share through unique value propositions, robust marketing strategies, and expanding distribution channels. Established brands and emerging local companies alike are leveraging advancements in technology and design to enhance the riding experience, making the landscape increasingly competitive as they cater to the specific needs of Canadian consumers.

Yeti Cycles has carved a distinct niche within Canada Bicycle Market, primarily due to its commitment to quality and performance-oriented designs. Known for their high-end mountain bikes, Yeti Cycles focuses on delivering superior riding experiences through meticulous engineering and thoughtful innovation. The brand's reputation for durability and exceptional handling abilities has appealed to both amateur cyclists and seasoned riders in Canada. Yeti's strategic positioning emphasizes a community of passionate cyclists, enhancing customer loyalty while fostering a culture of outdoor adventure. With an increase in sales driven by trends favoring premium bicycles, Yeti Cycles has successfully enhanced its market presence and solidified its identity in the highly competitive Canadian landscape.Norco Bicycles operates as a significant player in Canada Bicycle Market, well-regarded for its diverse range of products aimed at various cycling segments, including mountain, road, and urban bicycles.

The company is recognized for its innovative designs, which combine performance and comfort, catering to the needs of cyclists across different skill levels and usage requirements. Norco's strengths lie in its strong brand heritage within Canada, along with a robust distribution network that ensures accessibility to its products. The brand has recently focused on sustainability initiatives, appealing to environmentally conscious consumers through eco-friendly manufacturing practices. Norco has also expanded its product offerings to include e-bikes, capitalizing on the growing trend of electric mobility. Through strategic partnerships and occasionally engaging in mergers that bolster its market presence, Norco Bicycles remains a strong competitor in the region, continuously adapting to market demands and investing in research and development to maintain its innovative edge.

Key Companies in Canada Bicycle Market Include:

• Yeti Cycles


• Norco Bicycles


• Schwinn


• Electra Bicycle Company


• Mongoose


• Brompton Bicycle


• Specialized Bicycle Components


• Felt Bicycles


• Trek Bicycle Corporation


• Santa Cruz Bicycles


• Giant Manufacturing Co. Ltd.


• Haro Bikes


• Cannondale


• KHS Bicycles


• Devon Bicycles

Canada Bicycle Market Industry Developments

Canada Bicycle Market has seen significant developments recently, particularly with a keen interest in sustainable transportation. Cities like Toronto and Vancouver are increasing investments in cycling infrastructure, which has positively impacted companies like Trek Bicycle Corporation and Specialized Bicycle Components, allowing them to expand their market footprint. As of September 2023, there has been a notable merger between Cannondale and KHS Bicycles aimed at enhancing product offerings in the mountain bike segment, a move that has drawn attention from industry stakeholders.

Additionally, the rise in popularity of e-bikes has driven sales for companies such as Electra Bicycle Company and Giant Manufacturing Co. Ltd. Recent statistics from the Canadian Bicycle Association indicate that bicycle sales grew by 15% in the past year, reflecting heightened consumer interest in active lifestyles. In the broader context, specialized brands like Yeti Cycles and Santa Cruz Bicycles are focusing on high-performance models to meet evolving consumer demands. Moreover, local bike shops are reporting increased foot traffic and service demand as the cycling trend continues to grow, further reinforcing the vitality of the market in Canada.

Canada Bicycle Market Segmentation Insights

Bicycle Market Application Outlook

• Racing


• Transportation tools


• Recreation

Bicycle Market Type Outlook

• E-bikes


• Conventional bikes

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	2.88 (USD Billion)
MARKET SIZE 2024	3.1 (USD Billion)
MARKET SIZE 2035	6.1 (USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	6.347% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Yeti Cycles, Norco Bicycles, Schwinn, Electra Bicycle Company, Mongoose, Brompton Bicycle, Specialized Bicycle Components, Felt Bicycles, Trek Bicycle Corporation, Santa Cruz Bicycles, Giant Manufacturing Co. Ltd., Haro Bikes, Cannondale, KHS Bicycles, Devon Bicycles
SEGMENTS COVERED	Application, Type
KEY MARKET OPPORTUNITIES	Electric bicycle sales growth, Eco-friendly transportation promotion, Urban cycling infrastructure expansion, Increased demand for leisure cycling, Cycling tourism development
KEY MARKET DYNAMICS	increasing environmental awareness, urbanization and infrastructure development, rising health consciousness, government cycling initiatives, growing e-bike adoption
COUNTRIES COVERED	Canada