Bicycle

Bicycle Market Outlook

The global bicycle market is projected to reach a valuation of approximately USD 68.5 billion by 2035, growing at a compound annual growth rate (CAGR) of about 6.4% during the forecast period of 2025 to 2035. This growth is driven by a significant increase in demand for sustainable transportation, alongside rising health consciousness among consumers. As urban areas become more congested, the bicycle emerges as an eco-friendly alternative, further bolstered by government initiatives promoting cycling infrastructure. Additionally, innovations in bicycle technology and design, such as electric bicycles and advanced materials, contribute to market expansion. The COVID-19 pandemic has also accelerated interest in cycling as a safe and socially distanced mode of transportation, leading to a surge in bicycle sales globally.

Growth Factor of the Market

The bicycle market has witnessed robust growth due to several pivotal factors that cater to changing consumer preferences and lifestyles. An increasing focus on environmental sustainability has prompted consumers to seek greener alternatives to traditional vehicles, leading to a heightened demand for bicycles. Health and fitness trends have also spurred interest in cycling as a means of maintaining physical well-being, with many individuals incorporating cycling into their daily exercise routines. Furthermore, the rise of urbanization is contributing to the popularity of bicycles as a practical and efficient mode of transportation in congested cities. Technological advancements in bicycle design, such as lightweight materials and electric assistance, have made cycling more appealing to a broader audience, including commuters and recreational riders. Finally, government initiatives promoting cycling infrastructure and safety measures are bolstering consumer confidence in adopting cycling as a routine activity.

Key Highlights of the Market

• The global bicycle market is expected to reach USD 68.5 billion by 2035.
• Urbanization is driving demand for bicycles as a practical transportation option.
• Health and fitness trends are increasing participation in cycling activities.
• Technological innovations, especially in electric bikes, are expanding market reach.
• Government initiatives are promoting cycling infrastructure, enhancing safety and accessibility.

By Product Type

Mountain Bikes:

Mountain bikes have become increasingly popular due to their versatility and rugged design, enabling riders to navigate rough terrains and trails seamlessly. These bikes typically feature larger tires, robust frames, and advanced suspension systems that provide stability and comfort when riding off-road. The growing trend of adventure tourism and outdoor activities has significantly contributed to the rising demand for mountain bikes. Manufacturers are also focusing on innovation, integrating lightweight materials and improved braking systems to enhance performance. As more individuals seek outdoor recreational activities, mountain bikes are expected to capture a substantial share of the market.

Road Bikes:

Road bikes are specifically designed for speed and efficiency on paved surfaces, making them ideal for competitive cycling and long-distance rides. Characterized by their lightweight frames and thin tires, road bikes allow cyclists to achieve higher speeds with less effort. The increasing popularity of cycling as a competitive sport, along with the rise of cycling events and races, is propelling the demand for road bikes. Additionally, advancements in materials and engineering have led to the creation of high-performance road bikes that cater to both amateur and professional cyclists, further expanding their market presence.

Hybrid Bikes:

Hybrid bikes combine features from both road and mountain bikes, providing a versatile option for a wide range of cycling activities. These bikes are designed to perform well on various terrains, making them suitable for commuting, recreational rides, and light off-road adventures. The rising trend of urban commuting and the need for practical transportation solutions have increased the attractiveness of hybrid bikes among consumers seeking flexibility. With the incorporation of comfortable seating positions and additional features such as racks and fenders, hybrid bikes are gaining traction in the market, appealing to a diverse audience.

Electric Bikes:

The demand for electric bikes (e-bikes) has surged dramatically as consumers seek more convenient and efficient commuting options. E-bikes provide assistance to riders, making it easier to tackle challenging terrains and longer distances while reducing the physical exertion required. The technological advancements in battery life and motor efficiency have significantly improved e-bike performance, attracting a broader demographic, including those who may not have considered cycling as a viable transportation method. Government incentives and subsidies for e-bike purchases are also contributing to the growth of this segment, reflecting a growing shift toward electric mobility solutions.

Kids Bikes:

Kids bikes are designed specifically for younger riders, focusing on safety, comfort, and ease of use. With a variety of styles, colors, and sizes available, these bikes cater to children at different developmental stages. The increasing emphasis on outdoor play and physical activity among children has led to a greater interest in cycling as a recreational activity. Parents are investing in quality bikes to encourage their children to adopt a healthy lifestyle early on. The growing trend of family cycling events and activities also plays a crucial role in driving demand for kids bikes, fostering a sense of community and shared experiences.

By Application

Transportation:

The use of bicycles for transportation has gained significant traction as cities strive to reduce traffic congestion and lower carbon emissions. Riding a bicycle as a means of daily commuting offers numerous benefits, including cost savings, health benefits, and convenience. Many urban areas are investing in cycling infrastructure, such as dedicated bike lanes, to promote cycling as a practical alternative to motor vehicles. This shift toward sustainable commuting options is likely to expand the market for bicycles significantly, as more individuals opt for bicycles to navigate urban environments efficiently.

Recreation:

Recreational cycling has become a popular activity for individuals and families alike, fostering a sense of community and promoting outdoor engagement. Parks, trails, and cycling events provide enthusiasts with ample opportunities to explore their surroundings while enjoying the benefits of physical activity. The growing trend of adventure tourism and outdoor sports is further motivating individuals to invest in bicycles designed for recreational use. Manufacturers are responding to this demand by offering a variety of bike types and accessories tailored for leisurely rides, enhancing the overall cycling experience.

Fitness:

Fitness-focused cycling has gained popularity as individuals recognize the health benefits associated with regular physical activity. Cycling is an effective and low-impact exercise, making it accessible to a wide range of fitness levels. The rise of fitness trends and awareness of wellness has encouraged more individuals to incorporate cycling into their routines, whether through outdoor cycling or indoor stationary biking. Gyms and fitness centers are also integrating cycling classes and spin sessions to cater to this growing interest, further solidifying cycling's role in fitness culture.

Sports:

Competitive cycling events have seen increased participation, driven by the growing interest in cycling as a sport. From road races to mountain biking competitions and triathlons, athletes at various levels are embracing cycling as a competitive outlet. The rise of professional cycling leagues and sponsorship opportunities has boosted the visibility of the sport, encouraging more participants. As a result, manufacturers are investing in high-performance bikes designed for competitive cyclists, enhancing their features and capabilities to meet the demands of serious athletes.

Others:

Other applications of bicycles include utility biking for tasks such as deliveries and urban freight transport, as well as bike-sharing programs that promote communal bicycle use in cities. These applications are gaining traction as they provide sustainable solutions for short-distance travel and reduce reliance on motor vehicles. The increasing implementation of bike-sharing schemes in urban areas is creating new market opportunities, particularly for companies specializing in bike rental services and infrastructure. Additionally, specialized bicycles for individuals with disabilities or unique needs are fostering inclusivity and expanding the market's reach.

By Distribution Channel

Online Retailers:

Online retailers have emerged as a dominant distribution channel for bicycles, offering a vast selection of products and convenience for consumers. The convenience of shopping from home and the ability to compare prices and features easily has attracted many buyers to online platforms. Additionally, online retailers often provide detailed product descriptions, reviews, and customer support, enhancing the overall shopping experience. This trend has been further accelerated by the COVID-19 pandemic, as more consumers turned to e-commerce for their bicycle purchases, leading to a significant shift in market dynamics.

Specialty Bike Shops:

Specialty bike shops provide consumers with expert knowledge, personalized service, and a curated selection of high-quality bicycles and accessories. These shops cater to specific segments of the market, such as high-end performance bikes, mountain biking gear, or electric bikes, allowing for tailored experiences that meet individual customer needs. The emphasis on customer service and community engagement has fostered loyalty among cycling enthusiasts, making specialty bike shops a vital distribution channel in the bicycle market. Events, workshops, and group rides hosted by these shops also promote cycling culture and community involvement.

Mass Merchants:

Mass merchants offer bicycles at competitive prices, making them an accessible option for budget-conscious consumers. Retail chains often carry a diverse range of bicycle brands and types, appealing to various customer segments. The wide reach of mass merchants enables them to tap into larger demographics, including casual riders and families. However, the trade-off may include limited customer service and expertise compared to specialty shops. Nonetheless, their affordability and convenience make mass merchants a significant distribution channel in the bicycle market.

Independent Bike Shops:

Independent bike shops play a crucial role in local communities, providing personalized service and fostering strong relationships with customers. These shops typically focus on quality products and specialized knowledge, catering to the unique needs of local cyclists. Their ability to offer repairs, maintenance, and customization services enhances their value proposition. As consumers increasingly seek local experiences and support small businesses, independent bike shops are positioned to thrive within the bicycle market, providing an alternative to larger retail chains and online platforms.

Direct-to-Consumer:

The direct-to-consumer (DTC) model allows manufacturers to sell bicycles directly to consumers, bypassing traditional retail channels. This approach enables companies to maintain better control over branding, customer experience, and pricing. As consumers become more comfortable shopping online, DTC brands are gaining traction, particularly in niche markets where they can offer unique products and customized solutions. The DTC model also allows for valuable feedback from consumers, enabling manufacturers to adapt quickly to changing preferences and trends in the bicycle market.

By Frame Material

Carbon Fiber:

Carbon fiber frames are renowned for their lightweight and stiff properties, making them a popular choice for high-performance bicycles, particularly in competitive cycling. The material provides excellent vibration dampening, enhancing rider comfort during longer rides. As manufacturers continue to innovate, carbon fiber technology has advanced, leading to the production of frames that are as strong as aluminum or steel yet substantially lighter. This has made carbon fiber a preferred option for serious cyclists seeking optimal performance and speed, significantly impacting the market for high-end bicycles.

Aluminum:

Aluminum frames are widely used in the bicycle market due to their favorable balance of weight, strength, and cost-effectiveness. Aluminum is lighter than steel but offers comparable durability, making it an attractive choice for various bike types, from road bikes to mountain bikes. The versatility of aluminum allows for innovative frame designs, catering to both performance-oriented cyclists and casual riders. Additionally, advancements in manufacturing techniques have led to the development of high-quality aluminum frames that can withstand rigorous use, further solidifying their presence in the market.

Steel:

Steel frames are celebrated for their durability, strength, and suitability for long-distance touring and commuting. Unlike aluminum or carbon fiber, steel has a unique ability to absorb road vibrations, providing a comfortable ride for cyclists. While steel bicycles tend to be heavier than their aluminum and carbon counterparts, many enthusiasts appreciate the classic aesthetics and reliability associated with steel frames. As the trend toward sustainable cycling grows, steel's recyclability and long lifespan contribute to its appeal among environmentally conscious consumers, ensuring a continued market presence.

Titanium:

Titanium frames are prized for their exceptional strength-to-weight ratio and corrosion resistance, positioning them as a premium option in the bicycle market. The unique properties of titanium allow for lightweight designs that do not sacrifice durability, making it an ideal choice for high-end performance bikes and custom builds. Additionally, titanium's inherent comfort and ability to dampen vibrations enhance the riding experience, attracting serious cyclists and enthusiasts. Although titanium bicycles come at a higher price point, their longevity and performance justify the investment for many riders, solidifying their niche within the market.

Others:

Other materials used for bicycle frames include composites and various alloys, each offering unique benefits that cater to specific cycling needs. Composite materials can combine the advantages of different substances, such as lightweight and durability, making them suitable for advanced bike designs. Additionally, various alloys may provide cost-effective solutions for entry-level bicycles without compromising performance. As the bicycle market continues to evolve, innovations in materials are expected to create new opportunities, enabling manufacturers to cater to diverse consumer preferences.

By Region

The North American bicycle market is expected to grow significantly, reaching an estimated value of USD 21 billion by 2035, with a CAGR of approximately 5.9% during the forecast period. This growth is driven by an increasing focus on health and wellness, along with rising urbanization that encourages the adoption of bicycles as a primary transportation method. Additionally, the proliferation of bike-sharing programs and improvements in cycling infrastructure across major cities are fostering a favorable environment for bicycle sales. The popularity of cycling events, along with government initiatives promoting sustainable commuting options, further supports market growth in this region.

In Europe, the bicycle market is anticipated to witness substantial growth, with projections estimating its value to reach USD 24 billion by 2035. The continent has long been recognized for its cycling culture, characterized by extensive cycling infrastructure and supportive policies that encourage bicycle use. The growing awareness of environmental issues and the need for sustainable transportation solutions are propelling European consumers toward bicycles, particularly electric and hybrid models. Additionally, the emphasis on recreation and fitness contributes to the popularity of bicycles across various demographics, driving overall market expansion in this region.

Opportunities

The bicycle market presents numerous opportunities for growth, particularly in the electric bike segment, which continues to gain traction among consumers seeking efficient and eco-friendly transportation solutions. As urban areas become increasingly congested, e-bikes offer a practical alternative for commuters, reducing reliance on cars while providing an enjoyable riding experience. Additionally, advancements in battery technology are driving down costs and improving performance, making e-bikes more accessible to a broader audience. The expansion of cycling infrastructure, including bike lanes and charging stations, is expected to further support the growth of the e-bike market, creating new opportunities for manufacturers and retailers alike.

Moreover, the rise of experiential and adventure tourism offers significant growth potential for the bicycle market. As consumers seek unique experiences and outdoor activities, bike tours and rentals are becoming increasingly popular. Tour operators and travel agencies are recognizing the value of integrating cycling into their offerings, leading to the emergence of specialized bike tourism packages. This trend not only benefits rental companies but also spurs the development of cycling-friendly accommodations and destinations, promoting a holistic approach to cycling tourism. As awareness of the health and environmental benefits of cycling continues to rise, the bicycle market is poised to capitalize on these evolving consumer preferences.

Threats

Despite its growth potential, the bicycle market faces several threats that may impact its trajectory. One significant challenge is the increasing competition from alternative modes of transportation, such as electric scooters and ridesharing services. As urban mobility options diversify, consumers may opt for these alternatives over traditional bicycles, potentially hindering market growth. Additionally, fluctuations in global supply chains, exacerbated by recent events, have raised concerns about the availability and cost of bicycle components and materials, affecting manufacturers' ability to meet consumer demand. Moreover, economic downturns can lead to reduced discretionary spending, which may negatively impact bicycle sales as consumers prioritize essential purchases.

Another critical concern for the bicycle market is the potential for regulatory changes that could affect the industry. Policies surrounding safety standards, emissions regulations, and trade tariffs can create uncertainty for manufacturers and retailers. For example, stricter regulations on e-bikes or import tariffs on bicycle components may increase production costs and limit market access for some companies. Additionally, potential safety concerns associated with cycling, such as accidents and injuries, can deter consumers from adopting bicycles as a primary transportation option. Addressing these threats will be essential for stakeholders in the bicycle market to ensure sustained growth and resilience.

Competitor Outlook

• Trek Bicycle Corporation
• Giant Manufacturing Co. Ltd.
• Specialized Bicycle Components, Inc.
• Cannondale Bicycle Corporation
• Scott Sports SA
• Merida Industry Co. Ltd.
• Bianchi S.p.A.
• Electra Bicycle Company, Inc.
• Raleigh Bicycle Company
• Fuji Bikes
• Cannondale
• Yeti Cycles
• Santa Cruz Bicycles
• Kona Bikes
• Orbea S. Coop.

The competitive landscape of the bicycle market is characterized by the presence of numerous manufacturers, each striving to capture market share through innovative designs and technology. Leading companies, such as Trek Bicycle Corporation and Giant Manufacturing Co. Ltd., continue to invest heavily in research and development to enhance their product offerings. These companies focus on creating high-performance bicycles and accessories that cater to the evolving preferences of consumers, including options for competitive cycling and recreational use. Additionally, many manufacturers are exploring sustainable practices in materials and production processes, aligning their brands with the growing demand for eco-friendly products. As the market becomes increasingly competitive, differentiation through quality, performance, and brand loyalty will be crucial for success.

Companies like Specialized Bicycle Components, Inc. and Cannondale Bicycle Corporation have carved out significant niches within the market by focusing on high-performance bikes tailored for serious athletes and enthusiasts. These brands are recognized for their innovative designs and cutting-edge technology, which sets them apart from competitors. Specialized is particularly known for its focus on research and development, consistently introducing bike models equipped with the latest performance-enhancing features. Cannondale offers a diverse range of bicycles, making it a favored choice among cyclists seeking quality and versatility. The emphasis on building a strong brand identity and community engagement further solidifies their market position.

In recent years, electric bike manufacturers have also entered the competitive landscape, with companies like Rad Power Bikes and Bosch eBike Systems making significant strides. These firms focus on the growing demand for e-bikes, developing models that cater to various consumer needs while ensuring competitive pricing. The increasing acceptance of e-bikes among consumers, due in part to their convenience and environmental benefits, has driven these companies to innovate rapidly. As the e-bike segment continues to expand, companies that effectively balance performance, affordability, and style will likely thrive in this dynamic market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Cannondale
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Fuji Bikes
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Kona Bikes
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Yeti Cycles
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Bianchi S.p.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Orbea S. Coop.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Scott Sports SA
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Santa Cruz Bicycles
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Raleigh Bicycle Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Merida Industry Co. Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Trek Bicycle Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Giant Manufacturing Co. Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Electra Bicycle Company, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Cannondale Bicycle Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Specialized Bicycle Components, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Bicycle Market, By Application
    • 6.1.1 Transportation
    • 6.1.2 Recreation
    • 6.1.3 Fitness
    • 6.1.4 Sports
    • 6.1.5 Others
  • 6.2 Bicycle Market, By Product Type
    • 6.2.1 Mountain Bikes
    • 6.2.2 Road Bikes
    • 6.2.3 Hybrid Bikes
    • 6.2.4 Electric Bikes
    • 6.2.5 Kids Bikes
  • 6.3 Bicycle Market, By Frame Material
    • 6.3.1 Carbon Fiber
    • 6.3.2 Aluminum
    • 6.3.3 Steel
    • 6.3.4 Titanium
    • 6.3.5 Others
  • 6.4 Bicycle Market, By Distribution Channel
    • 6.4.1 Online Retailers
    • 6.4.2 Specialty Bike Shops
    • 6.4.3 Mass Merchants
    • 6.4.4 Independent Bike Shops
    • 6.4.5 Direct-to-Consumer

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Bicycle Market by Region
  • 10.2 Europe - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 UK
      • 10.2.1.2 France
      • 10.2.1.3 Germany
      • 10.2.1.4 Spain
      • 10.2.1.5 Italy
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Bicycle market is categorized based on

By Product Type

• Mountain Bikes
• Road Bikes
• Hybrid Bikes
• Electric Bikes
• Kids Bikes

By Application

• Transportation
• Recreation
• Fitness
• Sports
• Others

By Distribution Channel

• Online Retailers
• Specialty Bike Shops
• Mass Merchants
• Independent Bike Shops
• Direct-to-Consumer

By Frame Material

• Carbon Fiber
• Aluminum
• Steel
• Titanium
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Trek Bicycle Corporation
• Giant Manufacturing Co. Ltd.
• Specialized Bicycle Components, Inc.
• Cannondale Bicycle Corporation
• Scott Sports SA
• Merida Industry Co. Ltd.
• Bianchi S.p.A.
• Electra Bicycle Company, Inc.
• Raleigh Bicycle Company
• Fuji Bikes
• Cannondale
• Yeti Cycles
• Santa Cruz Bicycles
• Kona Bikes
• Orbea S. Coop.