Hobby & Leisure market in Malaysia
The Malaysian Hobby & Leisure eCommerce market is predicted to reach US$4,400.7 million by 2024 and accounts for 18.0% of the total eCommerce market in Malaysia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 10.2%, resulting in a projected market volume of US$6,493.1 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Stationery, Crafts & Art Supplies, Toys, Pet Supplies, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Smoking Supplies, and Erotic & Adult.
Market development
eCommerce revenue development in the Bicycles market in Malaysia
The Malaysian Bicycles eCommerce market is predicted to reach US$157.6 million by 2024 and accounts for 38.7% of the Individual Sports eCommerce market in Malaysia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.8%, resulting in a projected market volume of US$220.8 million by 2028. The Bicycles eCommerce market is a sub-market of the Individual Sports market. Further categories within the Individual Sports market are: Fishing Equipment, Fitness Equipment, Hunting & Weapons, and Other Individual Sports.
eCommerce revenue development in the Bicycles market in Malaysia
eCommerce revenue growth in the Bicycles market in Malaysia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 66.8 | 58.3 | 63.6 | 64.5 | 17.1 | 32.1 | 23.6 | 78.0 |
Market definition
Definition of the Bicycles market within the Hobby & Leisure market
Market definition: Hobby & Leisure > Sports Equipment > Individual Sports > Bicycles The category Bicycles includes the online trade of bicycles (e.g. road bikes, mountain bikes, commuter bikes, electric bikes, bmx bikes), bicycle accessories (e.g. locks, water bottle cages), safety gear (e.g. helmets, gloves, reflective clothing), and more. This category does not cover exercise bikes. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Bicycles (e.g. road bikes, mountain bikes, commuter bikes, electric bikes, BMX bikes)
- Bicycle accessories (e.g. locks, water bottle cages)
- Safety gear (e.g. helmets, gloves, reflective clothing)
- Bicycle parts, components and tools (e.g. tires, tubes, brakes, gears, pedals, handlebars)
- Bike bags and panniers
Out-of-scope
- Exercise bikes
Market comparison
The Malaysian Bicycles market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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