The cost of a bike can vary widely depending on the type, quality, and intended use. For mountain bikes, the prices can be segmented as follows: basic entry-level full suspension bikes in the $1,000 range often have questionable suspension and cheaper components; decent entry-level full suspension bikes fall in the $1,000 to $1,500 range and are suitable for beginners; the sweet spot for budget full suspension trail and enduro bikes is between $1,500 to $2,500, offering better components and reliability; and mid-range bikes from $2,500 to $4,000 feature high-quality components and are more durable but expensive. For road bikes, prices are generally higher, with top-tier models averaging around €12,398. For example, the BMC Teammachine R01, a high-end road bike, costs €14,999, while more affordable options like the Lapierre Xelius DRS 9.0 are priced at €8,300. In the broader bicycle market, the average price of a bike in the United States was $400 in 2023 and is expected to rise to over $450 by 2027. Overall, the price of a bike can range from a few hundred dollars for basic models to several thousand dollars for high-performance bikes.