Bicycle Components Market Report 2026

The bicycle components market size has grown strongly in recent years. It will grow from $13.53 billion in 2025 to $14.48 billion in 2026 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to growth of recreational cycling activities, increasing urban bicycle adoption, expansion of sports cycling culture, availability of mass-produced bicycle components, rising participation in cycling events.

The bicycle components market size is expected to see strong growth in the next few years. It will grow to $18.56 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing demand for electric bicycles, growing focus on sustainable urban mobility, expansion of premium performance cycling segments, rising customization preferences, increasing investments in advanced component manufacturing. Major trends in the forecast period include increasing demand for lightweight bicycle components, rising adoption of electric bicycle parts, growing use of advanced materials, expansion of aftermarket customization, enhanced focus on rider comfort and performance.

The growth in electric bicycle sales is expected to drive the expansion of the bicycle component market in the coming years. Electric bicycles are bikes equipped with electric motors that provide assisted propulsion. The popularity of e-bikes is rising because they offer convenience, environmental advantages, and support for riders with different physical capabilities. The addition of specialized components - including motors, batteries, drive systems, and braking systems - improves the e-bike riding experience, making cycling more accessible and enjoyable for a broad range of users. For example, in July 2024, PeopleForBikes, a U.S. national bicycle advocacy organization, reported that e-bike unit sales grew 13% year to date through April 2024 compared with the first four months of 2023. Therefore, increasing electric bicycle sales will stimulate growth in the bicycle components market.

Key players in the bicycle components market are focusing on technological advancements, particularly in electronic shifting systems such as wireless shifters, to improve gear changes and overall ride performance. Wireless shifters are electronic components that facilitate gear changes through electronic signals, offering greater precision and efficiency compared to traditional mechanical cables. For example, in May 2024, Shimano Inc. introduced the 2x12-Speed GRX Di2 system. This system includes dual control levers for comfort and control, a rear derailleur for optimal chain management, and a front derailleur designed for gravel terrain, ensuring precise gear shifts. The wireless shifters in this system are connected to wired derailleurs via a central battery, providing improved ergonomics and reliable 2x12-speed gravel gearing performance when combined with existing RX820 components.

In September 2024, Glory Wheel Enterprise Co. Ltd., a Taiwan-based manufacturer of bicycle components, acquired Spank Industries and Fratelli Industries for an undisclosed amount. This acquisition is designed to strengthen Glory Wheel’s position in the global bicycle market and boost its competitive advantage in the premium bicycle accessories segment. Spank Industries and Fratelli Industries, also based in Taiwan, are renowned for their high-performance bike components and accessories.

Major companies operating in the bicycle components market are SRAM LLC, Campagnolo S.r.l., Shimano Inc., DT Swiss, Mavic, Magura, Tektro Technology Corporation, Hayes Bicycle, RockShox Inc., Fox Factory Inc., Cane Creek Cycling Components, Chris King Precision Components, KMC Chain, PROLOGO, Brooks England, Fizik, Ritchey Design, Zipp Speed Weaponry, Easton Cycling, Praxis Works, Thomson Bike Products.

North America was the largest region in the bicycle component market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle components market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bicycle components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bicycle components market consists of sales of suspension forks, rim brakes, disc brakes, chains, cassettes, flat pedals, racks, and lights. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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