As per MRFR Analysis, the Global Used Bike Market was valued at 30.62 USD Billion in 2023 and is projected to grow to 50 USD Billion by 2035, with a CAGR of 4.17% from 2025 to 2035. The market is driven by increasing environmental awareness, affordability, and urbanization trends, leading to a shift towards sustainable transportation options. The rise of online marketplaces has also facilitated access to used bikes, enhancing consumer engagement and market growth.
Key trends driving the Used Bike Market include sustainability, affordability, and urbanization.
Key Companies include Reverb, Autotrader, Facebook Marketplace, Honda, Harley-Davidson, and eBay.
Several factors are driving significant developments in the Used Bike Market. The growing concern for the environment among buyers is a major factor propelling the industry. A lot of people are trying to live greener lives by reducing their carbon footprint, and used bikes are a great way to do that without buying new cars. Rising fuel prices are also contributing to this trend by encouraging people to look for alternative forms of transportation that are less expensive. Also, the demand for bicycles as a mode of transportation is increasing due to urbanization trends in many parts of the world, which is driving up the price of second-hand bikes.
Electric bicycles, which are gaining popularity among customers looking for an environmentally responsible mode of transportation, are only one of several promising chances in this sector. With the proliferation of online marketplaces for second-hand bicycles, buyers and sellers now have easier access to a wider range of products, expanding the market's potential customer base. Demand in the used bike market is also driven by the growing number of people who are turning to biking as a form of exercise, driven by the increasing number of health-conscious people throughout the world. There has been a recent uptick in the buying of bicycles as a consequence of altered consumer behavior brought about by the COVID-19 pandemic.
The safety concerns of public transportation riders have caused a significant uptick in the demand for pre-owned bicycles. This pattern points to a worldwide movement toward greener modes of transportation. The used bike industry is anticipated to experience growth due to the government's ongoing support for cycling infrastructure and incentives for sustainable transportation. The future growth prospects of the Used Bike Market are enhanced by the overall feeling towards cycling, which is further reinforced by increasing trend awareness and activities.
The Used Bike Market Industry is significantly driven by rapid urbanization trends being observed around the world. According to the United Nations, it is estimated that by 2050, nearly 68% of the global population will live in urban areas, which emphasizes the rising demand for alternative transportation methods. In densely populated cities, traffic congestion and the need for efficient mobility solutions have spurred the popularity of used bikes.
Governments globally are also promoting biking as an eco-friendly transportation alternative, leading to policies that support the cycling infrastructure development. Organizations like the World Health Organization have found that urban areas with adequate biking infrastructure report a significant reduction in traffic accidents and pollution, making used bikes an increasingly attractive option for city dwellers. These factors collectively drive the growth of the Used Bike Market, as consumers seek cost-effective and sustainable mobility solutions.
The surge in e-commerce activities across the globe has catalyzed an increased demand for delivery solutions, including the use of bicycles. Many companies are opting for bikes to reduce delivery times and costs, thus driving the Used Bike Market Industry. A report from the International Transport Forum shows that urban freight transport's emissions could be reduced by up to 30% if more deliveries were made by bicycles. Many established logistics firms are beginning to integrate used bikes into their delivery fleets for more environmentally friendly options.
This trend not only supports sustainability but also enhances the market for used bikes as small businesses and e-commerce platforms increasingly rely on this mode of transport for last-mile deliveries.
The current global economic uncertainty has led consumers to seek more cost-effective modes of transportation. The Used Bike Market Industry stands to benefit from this trend, as used bikes offer a more affordable alternative compared to new models. Research from the European Cyclists' Federation indicates that the cost savings associated with using a bicycle over a car can reach up to 1,000 Euros annually in fuel and maintenance costs. As individuals and families navigate tight budgets, the purchase of used bikes as a more economical transportation option is becoming increasingly common, driving demand further in the used bikes market globally.
This economic push, supported by community cycling initiatives and local government promotions, enhances the overall appeal of purchasing second-hand bikes.
The Used Bike Market, particularly categorized by Bike Type, is poised for substantial growth, leveraging an increasing enthusiasm for motorcycling and a growing consumer base seeking affordable alternatives to new bikes. In 2024, the market is valued at 31.89 USD Billion, reflecting various categories that cater to different preferences. The Standard bikes, representing a significant portion of the market, are valued at 11.5 USD Billion in 2024 and are projected to grow to 18.5 USD Billion by 2035, showcasing their majority holding in the Used Bike Market.
They are popular due to their versatility and comfort, appealing to both new riders and seasoned enthusiasts. Sport bikes, valued at 7.5 USD Billion in 2024 and anticipated to rise to 12.0 USD Billion by 2035, cater to a niche audience focused on speed and agility, making them essential for adventure and thrill-seeking riders. Cruiser bikes, with a market valuation of 6.0 USD Billion in 2024, are favored for long-distance rides and a relaxed riding position, projected to reach 9.0 USD Billion by 2035. Their significance lies in their comfortable design, which attracts long-haul motorcyclists and those embarking on road trips.
Touring bikes, valued at 3.5 USD Billion in 2024 and expected to grow to 5.5 USD Billion by 2035, prioritize comfort and storage, which resonates with riders who prioritize experiences and extended travel. Lastly, the Dual-Sport category, which combines off-road capability with on-road functionality, is valued at 3.3 USD Billion in 2024 and is estimated to reach 4.0 USD Billion by 2035, serving as a vital segment for adventure enthusiasts exploring versatile riding conditions. This growing interest in diverse bike types within the Used Bike Market indicates a healthy mix of riders with varied tastes and preferences, hence ensuring promising dynamics for manufacturers and dealers alike.
The statistics reveal that as markets trend towards sustainability and cost-effectiveness, these bike types enable riders to participate in a community that values both economic and ecological benefits. Overall, the unfolding landscape of the Used Bike Market presents opportunities for innovation and adaptation to meet evolving consumer demands, underscoring the importance of this segment in shaping the future of motorcycling on a global scale.
The Used Bike Market is heavily influenced by the condition of the bikes, which plays a crucial role in buyers' purchasing decisions. In 2024, the market is expected to be valued at 31.89 USD Billion, indicating a robust demand for used bikes. The condition of a bike directly affects its value and desirability, leading to significant variations in market dynamics. The Certified Pre-Owned category is particularly noteworthy, as it offers assurance of quality and reliability, appealing to consumers seeking value for their purchase. Good Condition bikes, while still popular, cater to buyers looking for a balance between cost and performance.
Fair Condition bikes present a more budget-friendly option, attracting consumers who prioritize affordability over aesthetics. Lastly, As-Is bikes are often targeted by hobbyists or those willing to invest in repairs, thus holding a unique niche in the market. The diverse Used Bike Market segmentation allows for a variety of purchasing options, enhancing overall market growth as consumers seek to find the right fit based on their specific needs and budgets. With evolving consumer preferences and increasing demand for sustainable transportation, the dynamics within the condition segment will continue to shape the landscape of the Used Bike Market in the years ahead.
The Used Bike Market has shown diverse segments based on Engine Type, reflecting changing consumer preferences and technological advancements. As of 2024, the overall market is valued at 31.89 USD billion, indicating a robust demand for used bikes across various categories. An important segment within this market is Internal Combustion Engine bikes, which has historically dominated due to their performance and established infrastructure. Nevertheless, Electric bikes are gaining traction, propelled by increasing environmental awareness and government initiatives promoting sustainable transportation.
This segment is becoming significant as consumers seek eco-friendly alternatives. Hybrid bikes, combining both Internal Combustion and Electric technologies, also play a crucial role by accommodating a range of rider preferences and offering flexibility. The distinct dynamics of these Engine Types illustrate not only the evolving landscape of the Used Bike Market but also underline the industry’s response to market growth driven by innovative technology and shifting consumer behaviors. Factors such as urbanization and rising fuel costs contribute to the popularity of these Engine Types, creating opportunities for growth and development in the coming years.
The Used Bike Market is experiencing noteworthy growth across various price ranges, reflecting diverse consumer preferences and economic factors. In this market, segments include Below $1,000, $1,000 - $5,000, $5,000 - $10,000, and Above $10,000, each catering to specific demographics and needs. The Below $1,000 segment is critical due to its accessibility for budget-conscious customers, often appealing to first-time buyers and students. The $1,000 - $5,000 range signifies a significant portion of the market, offering a balance of quality and affordability that attracts families and weekend riders.
Meanwhile, the $5,000 - $10,000 segment showcases more premium models, appealing to enthusiasts looking for better performance and features. Finally, the Above $10,000 category represents a niche market segment, predominantly consisting of high-end brands and luxury bikes, catering to affluent consumers. This segmentation reveals that the Used Bike Market demonstrates robust diversity, accommodating varied financial capabilities and contributing to its overall growth trajectory. The market reflects broader trends in eco-friendly transportation and increasing demand for cost-effective commuting options, ultimately driving its expansion in the global arena.
The Used Bike Market is experiencing growth across various regions, showcasing a diverse landscape driven by local preferences and economic conditions. In 2024, North America leads this market with a valuation of 10.45 USD Billion, signaling its dominance due to a robust consumer base and established infrastructure for vehicles. Europe follows closely with a market value of 9.5 USD Billion, benefiting from increasing environmental awareness and a shift towards sustainable transport. The Asia Pacific region, valued at 7.2 USD Billion, presents significant future growth opportunities, particularly driven by rising urbanization and disposable income among its vast population.
South America, although smaller in comparison at 3.0 USD Billion, is steadily evolving as more consumers lean towards cost-effective mobility solutions. The Middle East and Africa have a valuation of 1.74 USD Billion, where market potential is gradually expanding as economic stability improves and consumer confidence rises. Each region's unique market dynamics reflect notable trends, challenges, and growth drivers, shaping the overall narrative of the Used Bike Market industry.
The Used Bike Market is characterized by a diverse landscape comprising various players, each competing in unique ways to capture market share. This sector has witnessed significant growth driven by increasing consumer interest in eco-friendly transportation options, the rising popularity of cycling due to health and fitness trends, and the economic benefits of purchasing used bikes over new ones.
Competitive insights within this market reveal a mixture of traditional dealerships, online platforms, and peer-to-peer marketplaces, all vying for consumer attention. Key market drivers include improvements in mobile technology, which have enabled easier access to online marketplaces, and a growing awareness of sustainable transport options. The competitive dynamics are continuously evolving as businesses innovate their offerings and explore new marketing strategies to cater to the demands of an increasingly conscious consumer base.
Craigslist has established a notable presence in the Used Bike Market, leveraging its straightforward ad-based model that allows users to buy and sell bikes locally. Its strengths lie in its vast reach, as the platform operates in numerous regions worldwide, providing a simple interface that promotes ease of use. Craigslist benefits from a wide array of listings that encompass various bike types, from standard city bikes to high-end mountain bikes, catering to different consumer demographics. The platform's strength also stems from its cost-effectiveness, offering a platform for sellers without charging them fees, which attracts a large number of listings. This extensive marketplace appeals to price-sensitive consumers looking for good deals and fosters a community-driven vibe where buyers and sellers can communicate directly.
Cycle Trader, another significant player in the Used Bike Market, operates predominantly as an online platform that specializes in facilitating the buying and selling of motorcycles. It offers a robust array of services that cater specifically to enthusiasts and casual buyers alike, including a comprehensive searchable database of listings, financing options, and the ability to connect with dealerships. Cycle Trader's strength lies not only in its extensive inventory but also in data-driven insights that help users make informed purchasing decisions.
The company has made strides in recent years with strategic mergers and acquisitions, enhancing its position in the market by bringing together various related services that streamline the buying process for consumers. This consolidation of services allows Cycle Trader to offer a seamless user experience and to maintain a competitive edge through brand recognition and trust among its user base. Overall, the combination of a wide selection of bikes, user-friendly features, and strong market presence enables Cycle Trader to effectively compete in the Used Bike Market.
The Used Bike Market has witnessed significant developments recently, driven by rising consumer interest in sustainable transport and the increasing popularity of motorcycles over conventional vehicles. Companies such as Craigslist, Cycle Trader, and eBay have expanded their platforms to make buying and selling used bikes easier, catering to an audience that is growing in eco-consciousness.
In recent months, companies like Yamaha and Ducati have reported a resurgence in sales, largely attributed to the pandemic-induced shift in outdoor activities, increasing demand for recreation vehicles. Furthermore, Kelley Blue Book has seen a growth in its valuation, impacting market dynamics by reinforcing trust and transparency in pricing used motorcycles.
Notably, there have been discussions in August 2023 about potential mergers involving companies like Harley Davidson and BMW Motorrad, which could reshape competitive landscapes within the market.
Over the past few years, the market has experienced consistent growth, with a notable uptick in electric bike sales in 2021, leading to an evolving landscape focused on sustainable mobility solutions.
| Report Attribute/Metric | Details |
| Market Size 2023 | 30.62 (USD Billion) |
| Market Size 2024 | 31.89 (USD Billion) |
| Market Size 2035 | 50.0 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.17% (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 | Craigslist, Cycle Trader, AutoTrader, Yamaha, Motorcycle.com, eBay, Ducati, Kelley Blue Book, Kawasaki, Honda, HarleyDavidson, Facebook Marketplace, Suzuki, Bikesure, BMW Motorrad |
| Segments Covered | Bike Type, Condition, Engine Type, Price Range, Regional |
| Key Market Opportunities | Growing urban mobility demand, Rising eco-conscious consumers, Expanding online marketplace platforms, Increasing availability of financing options, Enhanced aftermarket services and support |
| Key Market Dynamics | Growing urbanization, Rising environmental awareness, Increasing demand for affordable transport, Proliferation of online marketplaces, Changing consumer preferences |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Used Bike Market Highlights:
Frequently Asked Questions (FAQ) :
The Used Bike Market was valued at 31.89 USD Billion in 2024.
The market is projected to reach 50.0 USD Billion by 2035.
The market is expected to grow at a CAGR of 4.17% from 2025 to 2035.
North America held the largest market share with a valuation of 10.45 USD Billion in 2024.
By 2035, the North American segment is projected to grow to 15.1 USD Billion.
The European market for used bikes was valued at 9.5 USD Billion in 2024.
The Dual-Sport segment is anticipated to reach a value of 4.0 USD Billion by 2035.
Key players in the market include Craigslist, eBay, Yamaha, Honda, and Harley-Davidson, among others.
The Cruiser segment is expected to grow to 9.0 USD Billion by 2035.
The South American market for used bikes was valued at 3.0 USD Billion in 2024.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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