Racing Bicycles Wheels and Components Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global racing bicycles wheels and components market was valued at approximately USD 1.8 billion in 2022 and is projected to reach around USD 2.4 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period. This market growth is driven by increasing participation in competitive cycling, advancements in bicycle technology, and rising demand for high-performance and durable cycling equipment. The adoption of lightweight and aerodynamic wheels, along with technological innovations in components such as gear systems and brakes, significantly contributes to the market expansion.
Emerging market opportunities are evident in regions with growing cycling infrastructure and sports participation, particularly in Asia-Pacific and Latin America. The expansion of urban cycling infrastructure, coupled with increasing health awareness and eco-friendly transportation trends, creates a favorable environment for market growth. Additionally, the rise in e-commerce platforms for cycling gear and components is opening new avenues for market players to reach a broader customer base and cater to the evolving demands of cyclists globally.
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Campagnolo
Full Speed Ahead
DT Swiss
SHIMANO
SRAM
Specialized
Trek Bicycle Corporation
Giant Bicycles
Mavic
Reynolds Wheels
Corima
FFWD
Farsports
VORTEX
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Racing Bicycles Wheels and Components Market
OE Market
Replacement Market
Based on Types the Market is categorized into Below types that held the largest Racing Bicycles Wheels and Components market share In 2023.
Wheels
Components
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Racing Bicycles Wheels and Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Racing Bicycles Wheels and Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Racing Bicycles Wheels and Components Market, By Type
6. Global Racing Bicycles Wheels and Components Market, By Application
7. Global Racing Bicycles Wheels and Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Racing Bicycles Wheels and Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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