Report Overview:
Bicycle pedals are fundamental mechanical interfaces that transfer human power to bicycle propulsion systems. These components consist of a threaded spindle connecting to the crank arm and a rotating body with bearings that support the rider's foot. The market offers two primary variants: clipless pedals that securely attach to cycling shoes for efficient power transfer, and flat pedals that accommodate casual footwear. China's bicycle industry, which reported USD 210 billion (210 billion yuan) in revenue among enterprises above designated size in 2022 according to China Bicycle Association data, remains a key manufacturing hub for these components.
Market expansion is driven by increasing health consciousness, urbanization trends favoring sustainable transportation, and technological advancements in pedal materials like carbon fiber composites. However, the industry faces challenges from fluctuating raw material costs and competition from electric bicycle components. Leading manufacturers such as Shimano and SRAM continue to innovate with lightweight designs and integrated sensor technologies to enhance cycling performance metrics.
Market Value:
Global Bicycle Pedals market size was valued at USD 549 million in 2024 and is projected to grow from USD 580 million in 2025 to USD 782 million by 2032, exhibiting a CAGR of 5.3% during the forecast period. CAGR of 5.3% (2024 – 2032)
By Applications:
Road Bikes
Mountain Bikes
Hybrid Bikes
Electric Bikes
By Types:
• Clipless Pedals
• Flat Pedals
• Platform Pedals
• Hybrid Pedals
Key players include:
• SHIMANO (Japan)
• Lookcycle (France)
• Wahoo (U.S.)
• Crankbrothers (U.S.)
• Boardman (U.K.)
• Halfords (U.K.)
