Bicycle Parts and Accessories Market was valued at USD 25 Billion in 2022 and is projected to reach USD 40 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global bicycle parts and accessories market was valued at approximately USD 7.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This growth is driven by increasing health consciousness among consumers, a rising trend in cycling as a recreational activity, and the growing demand for eco-friendly transportation alternatives. The market encompasses a broad range of products, including tires, brakes, and gears, with substantial growth expected across various segments due to innovations in product design and technology.
Emerging markets are anticipated to present significant opportunities for expansion in the bicycle parts and accessories sector. The rising urbanization in regions such as Asia-Pacific and Latin America is expected to fuel demand as more consumers adopt cycling for both commuting and leisure. Additionally, government initiatives promoting cycling infrastructure and sustainability are likely to boost market growth in these regions. Key factors contributing to this opportunity include increasing disposable income, heightened awareness of environmental issues, and the expansion of cycling infrastructure. As these trends continue, the market is poised for robust development, presenting favorable conditions for stakeholders and new entrants.
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Shimano
SRAM
Fox Factory Holding
Campagnolo
HL CORP
GIANT
DT SWISS
Prowheel
MERIDA
Dorel Industries
Eastman Industries Limited
Colnago
Ralf Bohle
BÃœCHEL Group
RODI Industries
Magura
ROTOR Bike Components
Miranda Bike Parts
URSUS
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 Bicycle Parts and Accessories Market
Application I
Application II
Application III
Application IV
Based on Types the Market is categorized into Below types that held the largest Bicycle Parts and Accessories market share In 2023.
Transmission Parts
Frame and Forks Parts
Wheel Parts
Steering Components
Others
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 Bicycle Parts and Accessories 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 Bicycle Parts and Accessories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bicycle Parts and Accessories Market, By Type
6. Global Bicycle Parts and Accessories Market, By Application
7. Global Bicycle Parts and Accessories Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bicycle Parts and Accessories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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