United States Bicycle Parts and Accessories Market was valued at USD 8 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The US Bicycle Parts and Accessories Market is experiencing significant growth, driven by an increasing interest in cycling, health consciousness, and the demand for sustainable transportation solutions. This market encompasses a wide range of components and gear, including essential bicycle parts such as frames, wheels, tires, handlebars, and pedals, as well as accessories like helmets, lights, locks, and apparel. Understanding the needs of various industries and the requirements of cyclists helps shape the market dynamics, pushing innovation and expanding the consumer base.
The demand for bicycle parts and accessories in the US has risen substantially over the past few years. According to recent trends, consumers are becoming more discerning about the quality and functionality of their biking gear. Cyclists are no longer just looking for basic components but are increasingly seeking high-performance parts that improve safety, comfort, and efficiency. As a result, manufacturers are responding by producing specialized parts designed for different cycling disciplines, including road cycling, mountain biking, and electric bicycles.
In addition to the consumer-driven demand, several industries are influencing the growth of the bicycle parts and accessories market. The tourism and outdoor adventure industries, for instance, heavily rely on bicycles for recreational purposes. Rental services, cycling tours, and guided biking experiences are all fueling the need for robust, reliable bicycle parts and accessories. Likewise, the fitness and wellness industries are also contributing to this growth, as cycling continues to be promoted as an excellent form of exercise.
The rise in urban cycling is another key factor driving market expansion. Cities are investing in cycling infrastructure and encouraging eco-friendly transportation options. As a result, there is an increasing demand for bicycle parts that enhance urban commuting, including foldable bikes, bike racks, and safety equipment. The increasing adoption of electric bicycles is also creating a need for specialized parts, such as motors, batteries, and charging equipment.
With such a diverse range of factors impacting the market, the bicycle parts and accessories industry is poised for continued growth. Manufacturers are focusing on innovation, quality, and sustainability to meet the evolving needs of cyclists and industries alike. As this market continues to expand, businesses that provide high-quality, durable products are likely to thrive in this competitive landscape.
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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 US Bicycle Parts and Accessories Market
Brakes
Transmission
Wheels and Tires
Frame and Forks
Helmets
Pads and Guards
Gloves
Visibility Gear
Cleaning Supplies
Repair Tools
Replacement Parts
Workstands
Jerseys
Shorts and Bibs
Outerwear
Base Layers
Bike Bags
Water Bottles and Cages
GPS and Navigation
Phone Accessories
US (United States, US 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 US 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. US Bicycle Parts and Accessories Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Bicycle Parts and Accessories Market, By Type
6. US Bicycle Parts and Accessories Market, By Application
7. US Bicycle Parts and Accessories Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Bicycle Parts and Accessories Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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