The global bicycle accessory market is expected to reach an estimated $17.9 billion by 2030 with a CAGR of 7.5% from 2024 to 2030.
The future of the global bicycle accessory market looks promising with opportunities in the mountain bike, hybrid bike, road bike, and cargo bike markets. The major drivers for this market are rising popularity of cycling, growing focus on health and wellness, and increasing adoption of electric bicycles across the globe.
Within this market, road bike will remain the largest segment as it is simple to modify as compared to other types of bicycles.
APAC is expected to witness highest growth over the forecast period due to rapid urbanization and growing adoption of smart safety and navigation equipment in the region.
Answer: The global bicycle accessory market is expected to reach an estimated $17.9 billion by 2030.
Q2. What is the growth forecast for bicycle accessory market?
Answer: The global bicycle accessory market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bicycle accessory market?
Answer: The major drivers for this market are rising popularity of cycling, growing focus on health and wellness, and increasing adoption of electric bicycles across the globe.
Q4. What are the major segments for bicycle accessory market?
Answer: The future of the bicycle accessory market looks promising with opportunities in the mountain bike, hybrid bike, road bike, and cargo bike markets.
Q5. Who are the key bicycle accessory market companies?
Answer: Some of the key bicycle accessory companies are as follows:
Answer: The publisher forecasts that original equipment manufacturer type segment will remain the larger region over the forecast period as they provide a better fit and function than aftermarket accessories.
Q7. In bicycle accessory market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization and growing adoption of smart safety and navigation equipment in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The future of the global bicycle accessory market looks promising with opportunities in the mountain bike, hybrid bike, road bike, and cargo bike markets. The major drivers for this market are rising popularity of cycling, growing focus on health and wellness, and increasing adoption of electric bicycles across the globe.
Bicycle Accessory by Segment
This study includes a forecast for the global bicycle accessory by type, product, bicycle type, and region.Bicycle Accessory Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Original Equipment Manufacturer
- Aftermarket
Bicycle Accessory Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Apparels
- Component
Bicycle Accessory Market by Bicycle Type [Shipment Analysis by Value from 2018 to 2030]:
- Mountain Bikes
- Hybrid Bikes
- Road Bikes
- Cargo Bikes
- Others
Bicycle Accessory Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Bicycle Accessory Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bicycle accessory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bicycle accessory companies profiled in this report include:- Accell
- Avon Cycles
- Campagnolo
- Garmin
- Giant Manufacturing
- Merida Industry
- Specialized Bicycle Components
- Trek Bicycle
- DT Swiss
- Lezyne
Bicycle Accessory Market Insights
Original equipment manufacturer type segment will remain the larger region over the forecast period as they provide a better fit and function than aftermarket accessories.Within this market, road bike will remain the largest segment as it is simple to modify as compared to other types of bicycles.
APAC is expected to witness highest growth over the forecast period due to rapid urbanization and growing adoption of smart safety and navigation equipment in the region.
Features of the Global Bicycle Accessory Market
- Market Size Estimates: Bicycle accessory market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Bicycle accessory market size by type, product, bicycle type, and region in terms of value ($B).
- Regional Analysis: Bicycle accessory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, products, bicycle types, and regions for the bicycle accessory market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bicycle accessory market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the bicycle accessory market size?Answer: The global bicycle accessory market is expected to reach an estimated $17.9 billion by 2030.
Q2. What is the growth forecast for bicycle accessory market?
Answer: The global bicycle accessory market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bicycle accessory market?
Answer: The major drivers for this market are rising popularity of cycling, growing focus on health and wellness, and increasing adoption of electric bicycles across the globe.
Q4. What are the major segments for bicycle accessory market?
Answer: The future of the bicycle accessory market looks promising with opportunities in the mountain bike, hybrid bike, road bike, and cargo bike markets.
Q5. Who are the key bicycle accessory market companies?
Answer: Some of the key bicycle accessory companies are as follows:
- Accell
- Avon Cycles
- Campagnolo
- Garmin
- Giant Manufacturing
- Merida Industry
- Specialized Bicycle Components
- Trek Bicycle
- DT Swiss
- Lezyne
Answer: The publisher forecasts that original equipment manufacturer type segment will remain the larger region over the forecast period as they provide a better fit and function than aftermarket accessories.
Q7. In bicycle accessory market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization and growing adoption of smart safety and navigation equipment in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bicycle accessory market by type (original equipment manufacturer and aftermarket), product (apparels and component), bicycle type (mountain bikes, hybrid bikes, road bikes, cargo bikes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Bicycle Accessory Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Accell
- Avon Cycles
- Campagnolo
- Garmin
- Giant Manufacturing
- Merida Industry
- Specialized Bicycle Components
- Trek Bicycle
- DT Swiss
- Lezyne
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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