Used Bike Market Size, Share, Growth Analysis, By Distribution Channel(C2C (Consumer-to-consumer), and B2C (Business-to-consumer)), By Source(Domestically Manufactured and Imported Bikes), By Engine Capacity(50 to 125cc, 125 to 250cc, above 250cc, and Electric Drive), By Type(Standard, Sports, Cruiser, Mopeds), By Propulsion(ICE and Electric), By Region - Industry Forecast 2024-2031

By 2022, this market will be dominated by the North America region in the global used bike market (45.80%). The demand for affordable modes of transportation, increasing urbanization and growing interest in sustainable transportation are the main drivers of bicycle adoption in North America. Since then, the U.S. used bike market holds the largest market share, and the Canadian market is the fastest growing market in North America region. North America, the used bike market reflects a strong cycling culture and a strong emphasis on sustainable transportation. The United States and Canada demonstrate a demand for cheaper and more environmentally friendly commuting options. Urban development and a focus on health and fitness are contributing to the popularity of cycling, and the region’s well-established cycling enthusiast community supports the used bike market as it is developing.

The Asia Pacific region in the global used bicycle market is expected to grow at a rapid CAGR from 2023 to 2031. Several factors affect the used bicycle market in Asia Pacific. Fast moving cities and congested urban roads have led to a demand for affordable and efficient transportation. The use of bicycles has increased due to increasing health and fitness and environmental consciousness. The availability of online marketplaces for buying and selling used bikes has also been crucial to expanding the business locally. Moreover, China held the largest share of the used bicycle market, and the Indian used bike market was the fastest growing market in the Asia-Pacific region. Asia Pacific used bicycle market is expected to grow at a rapid CAGR from 2024 to 2031. Several factors affect the used bike market in Asia Pacific. Fast moving cities and congested urban roads have led to a demand for affordable and efficient transportation. The use of bicycles has increased due to increasing health and fitness and environmental consciousness. The online marketplace for buying and selling used bikes has also been crucial to expanding the business locally.