All updated as on -
The size of the world market for bicycle accessories was estimated at USD 11.48 billion in 2022 and would increase at a CAGR of 8.8% from 2023 to 2030. The market's expansion can be attributable to elements including rising environmental concerns and trends in health and fitness. Bike accessories are in more demand as more individuals choose to pedal for recreation, fitness, or transportation. Bike accessories are essential for improving the safety, comfort, and functioning of bicycles and cyclists. These additions range from helmets, lights, and locks to bags, mirrors, water bottle cages, and pedals. In the upcoming years, it's anticipated that the sector will continue to expand due to the development of e-bikes and the rising popularity of cycling among younger generations.
E-bike sales rising: E-bikes, also known as electric bikes, have helped the market expand. The demand for accessories like mounts, integrated lights, and horn systems is rising as more people switch to e-bikes for their daily commutes and leisure rides because they serve to boost the rider's safety. For instance, bicycle lights make bikers more visible to other drivers, especially at night or in low light. This is particularly crucial on busy highways where it could be challenging for drivers to see bikers. Additionally, cyclists can lower their chance of an accident by installing the proper lighting systems and increasing their visibility.
A spike in the use of bicycle accessories has been caused by the heavy traffic and the ensuing congestion, worries about rider safety, and the growing popularity of cycling. Rising interest in cycling-related sports, rising demand for sports and mountain bikes, and expanding sales of electronic bicycles (e-bikes) in developing markets are further factors boosting industry growth. As a result, there has been an increase in demand for accessories including speedometers, mudguards, handlebar grips, LED lights, gloves, helmets, mirrors, and other associated products, which has resulted in predictions of a quick market expansion.
The market is divided into two categories in terms of products: clothing and components. Due to the increasing use of bicycles for transportation and exercise, the component segment led the industry overall in 2022 and contributed the greatest share of more than 62.65% of total revenue. It is also predicted to have considerable growth throughout the forecast period. Components in the pedal sub-segment, which dominated the market overall in 2022, are expected to experience significant increase over the coming years. The large market share can be linked to the fact that pedals are one of the bicycle components that need to be replaced the most frequently since they experience significant wear and tear over time, especially for regular riders who are keen bikers.
Report Coverage
Global Bicycle Accessories research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bicycle Accessories report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bicycle Accessories competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bicycle Accessories market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bicycle Accessories market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bicycle Accessories market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group, Avon Cycles Ltd., Campagnolo S.R.L, Garmin Ltd., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Specialized Bicycle Components, Inc., Trek Bicycle Corp., DT Swiss, Lezyne, Endura Ltd., Eastman Industries
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Bicycle Accessories market based on the below-mentioned segments:
Global Bicycle Accessories Market, By Product
Global Bicycle Accessories market, By Type
Global Bicycle Accessories Market, By Sales Channel
Global Bicycle Accessories market, Regional Analysis
E-bike sales rising: E-bikes, also known as electric bikes, have helped the market expand. The demand for accessories like mounts, integrated lights, and horn systems is rising as more people switch to e-bikes for their daily commutes and leisure rides because they serve to boost the rider's safety. For instance, bicycle lights make bikers more visible to other drivers, especially at night or in low light. This is particularly crucial on busy highways where it could be challenging for drivers to see bikers. Additionally, cyclists can lower their chance of an accident by installing the proper lighting systems and increasing their visibility.
A spike in the use of bicycle accessories has been caused by the heavy traffic and the ensuing congestion, worries about rider safety, and the growing popularity of cycling. Rising interest in cycling-related sports, rising demand for sports and mountain bikes, and expanding sales of electronic bicycles (e-bikes) in developing markets are further factors boosting industry growth. As a result, there has been an increase in demand for accessories including speedometers, mudguards, handlebar grips, LED lights, gloves, helmets, mirrors, and other associated products, which has resulted in predictions of a quick market expansion.
The market is divided into two categories in terms of products: clothing and components. Due to the increasing use of bicycles for transportation and exercise, the component segment led the industry overall in 2022 and contributed the greatest share of more than 62.65% of total revenue. It is also predicted to have considerable growth throughout the forecast period. Components in the pedal sub-segment, which dominated the market overall in 2022, are expected to experience significant increase over the coming years. The large market share can be linked to the fact that pedals are one of the bicycle components that need to be replaced the most frequently since they experience significant wear and tear over time, especially for regular riders who are keen bikers.
Report Coverage
Global Bicycle Accessories research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bicycle Accessories report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bicycle Accessories competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bicycle Accessories market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Accell Group, Avon Cycles Ltd., Campagnolo S.R.L, Garmin Ltd., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Specialized Bicycle Components, Inc., Trek Bicycle Corp., DT Swiss, Lezyne, Endura Ltd., Eastman Industries |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bicycle Accessories Market from 2021 to 2030.
- Market Forecast for Bicycle Accessories Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bicycle Accessories competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bicycle Accessories
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bicycle Accessories market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bicycle Accessories market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group, Avon Cycles Ltd., Campagnolo S.R.L, Garmin Ltd., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Specialized Bicycle Components, Inc., Trek Bicycle Corp., DT Swiss, Lezyne, Endura Ltd., Eastman Industries
Primary Target Market
- Market Players of Bicycle Accessories
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Bicycle Accessories market based on the below-mentioned segments:
Global Bicycle Accessories Market, By Product
- Apparels
- Components
Global Bicycle Accessories market, By Type
- OEM
- Aftermarket
Global Bicycle Accessories Market, By Sales Channel
- Offline
- Online
Global Bicycle Accessories market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive bicycle accessories market market research and competitor analysis for your business to help you develop more profound insights into the bicycle accessories market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the bicycle accessories market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.