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Global demand for bicycles is forecast to expand 2.1% p.a. between 2016 and 2020. Currently, bicycles account for 45.9% of the global demand while the remaining market share is divided between bicycle brakes (5.5%), bicycle frames and forks (10.5%), bicycle hubs and free-wheel sprocket-wheels (3.3%), bicycle pedals/crank-gear (5.0%), bicycle saddles (2.0%), bicycle wheel rims and spokes (4.1%) and other bicycle parts (23.7%).

China, India, Japan, Netherlands and Vietnam are considered the highest potential markets in the coming years. China, Germany, India, Japan and Netherlands represent the largest bicycle markets while the strongest annual growth is forecast to occur in Vietnam (11.7%), Philippines (11.1%), Ethiopia (11.0%), Nepal (8.5%) and Bolivia (6.3%).

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