Bicycle Components Aftermarket Market Report 2026

The bicycle components aftermarket market size has grown strongly in recent years. It will grow from $19.02 billion in 2025 to $20.77 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to bicycle ownership growth, replacement demand, recreational cycling popularity, availability of specialty retailers, component standardization.

The bicycle components aftermarket market size is expected to see strong growth in the next few years. It will grow to $28.7 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to e-bike upgrade demand, smart components integration, premium cycling trend growth, online retail dominance, sustainable mobility adoption. Major trends in the forecast period include customization and performance upgrades, growth of e-bike aftermarket, online component sales expansion, demand for lightweight components, premium component adoption.

The increase in the demand for bicycles is expected to propel the bicycle component aftermarket growth going forward. A bicycle is a manually powered vehicle with two wheels aligned in a row, driven by pedals. The increase in bicycle demand is driven by growing awareness of health benefits, demand for sustainable and eco-friendly transportation, and popularity for recreational purposes. The bicycle component aftermarket supplies replacement parts and accessories, allowing cyclists to maintain and enhance their bikes' performance and lifespan. For instance, in May 2024, according to a report published by the Portland Bureau of Transportation, in 2023, the number of people biking increased by 5% compared to 2022. Therefore, the rising demand for bicycles is driving the growth of the bicycle component aftermarket.

Major companies operating in the bicycle component aftermarket are focusing on developing innovative products, such as minimalistic color LED blinkers, to enhance safety, aesthetics, and compliance with regulatory standards for cyclists. Minimalistic color in LED blinkers refers to simple, often monochromatic color schemes emphasizing clean and uncluttered design, typically using single colors such as white, amber, or red. For instance, in November 2023, Uno Minda, an India-based automotive component manufacturer, launched a new range of LED blinkers for two-wheelers in the aftermarket. The blinkers offer customization to match individual preferences, whether for a sleek, minimalistic look or a more elaborate design, while meeting regulatory standards to ensure safe and legal use.

In July 2025, SRAM, a US-based manufacturer of bicycle components, acquired Ochain for an undisclosed amount. Through this acquisition, SRAM aims to expand its high-performance drivetrain portfolio, enhance product innovation, strengthen its presence in the European market, and integrate Ochain’s specialized chainring spider technology into its existing component offerings. Ochain is an Italy-based company specializing in precision-engineered chainring spiders for bicycles.

Major companies operating in the bicycle components aftermarket market report include Continental AG, SHIMANO INC., Fox Factory, SRAM LLC, DT Swiss, Mavic, Jagwire, ENVE Composites, Renthal Ltd, Wheels Manufacturing, Selle Italia s.r.l., Lezyne, Race Face, Campagnolo, Lizard Skins, CeramicSpeed, Ergon Bike, Bike Thomson, Full Speed Ahead, Maxxis, Easton Cycling, Hope Technology (IPCO) Ltd, KMC Chain.

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

The bicycle component aftermarket consists of sales of frames, chains, handlebars, multi-tools, lubricants, and cleaners. 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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