NSW Roads Minister Duncan Gay says he is "increasingly persuaded" that a licensing system needs to be introduced for cyclists on the state's roads to combat an alarming number of rider deaths.

In what is sure to spark debate among road users, Mr Gay also signalled that he was considering banning bicycles from certain roads in Sydney to ensure riders' safety.

Duncan Gay: "increasingly persuaded" that a licensing system needs to be introduced for cyclists. Credit:Rob Homer

The Sydney cycling community is reeling after a recent spate of horrific road accidents, including two deaths in as many weeks.

The latest death occurred on Thursday afternoon, when a male cyclist was killed in a collision with a bus at the intersection of Military and Ben Boyd roads in Neutral Bay.