Global Bicycle Accessories Market Size study, by Type, by Components, by End-User, by Industry, by Application, and Regional Forecasts 2022-2032

Description

The Global Bicycle Accessories Market was valued at approximately USD 11.96 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.20% during the forecast period from 2024 to 2032. As cycling continues to gain traction as both a sustainable means of transportation and a popular recreational activity, the demand for high-quality and innovative bicycle accessories has surged globally. These accessories, ranging from safety equipment such as helmets and lights to performance-enhancing components like advanced gears and tires, cater to the needs of diverse cycling enthusiasts, from commuters to competitive athletes.

The market thrives on the intersection of innovation and lifestyle changes. An increasing focus on personal fitness and environmental sustainability has led to a noticeable shift in consumer preferences towards cycling, thereby driving the demand for complementary accessories. Furthermore, advancements in materials science and smart technology have enabled the development of sophisticated accessories, such as GPS-enabled trackers and smart helmets, which offer both convenience and enhanced safety. This has propelled the growth trajectory of the market while providing manufacturers with significant opportunities for differentiation and revenue generation.

Several key drivers underpin the growth of the Bicycle Accessories Market. The escalating popularity of cycling as a fitness and leisure activity, coupled with the expansion of urban cycling infrastructure, has spurred the demand for high-quality accessories. Furthermore, government initiatives aimed at promoting green transportation and reducing carbon footprints have amplified investments in cycling-related projects, bolstering the accessory market. However, challenges such as the high cost of premium accessories and limited awareness in developing economies may restrain market growth during the forecast period.

Regionally, North America emerged as a dominant force in the market in 2023, attributed to well-established cycling infrastructure, a fitness-oriented population, and a high disposable income level driving premium purchases. Europe also plays a significant role, with countries like Denmark and the Netherlands promoting cycling as a primary mode of transport. Meanwhile, the Asia Pacific region is expected to register the fastest growth over the forecast period, fueled by urbanization, increasing health awareness, and government initiatives to promote cycling in densely populated cities like those in China and India.

Major market players included in this report are:

Shimano Inc.
Giant Manufacturing Co. Ltd.
Trek Bicycle Corporation
Specialized Bicycle Components, Inc.
Accell Group
Fox Racing, Inc.
Hero Cycles Ltd.
Merida Industry Co. Ltd.
Mavic SAS
Thule Group AB
POC Sweden AB
SRAM LLC
Garmin Ltd.
ABUS August Bremicker Sohne KG
CatEye Co., Ltd.

The detailed segments and sub-segments of the market are explained below:

By Type:

Safety Accessories
Performance Accessories
Maintenance Accessories

By Components:

Helmets
Lights
Tires
GPS Devices
Others

By End-User:

Commuters
Professional Cyclists
Recreational Riders

By Industry:

Retail
E-commerce

By Application:

Urban Cycling
Mountain Biking
Road Biking
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts for the period 2022-2032.
Detailed analysis of global and regional revenue trends across all segments.
Insights into competitive dynamics and strategies of leading market players.
Evaluation of demand-side and supply-side drivers influencing market growth.
Actionable recommendations and analysis for sustainable growth and expansion in the market.

Chapter 1. Global Bicycle Accessories Market Executive Summary

1.1. Global Bicycle Accessories Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Components
- 1.3.3. By End-User
- 1.3.4. By Industry
- 1.3.5. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Bicycle Accessories Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Bicycle Accessories Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Popularity of Cycling as Transportation and Recreation
- 3.1.2. Advancements in Materials Science and Smart Technology
- 3.1.3. Government Initiatives Promoting Green Transportation
3.2. Market Challenges
- 3.2.1. High Cost of Premium Accessories
- 3.2.2. Limited Awareness in Developing Economies
3.3. Market Opportunities
- 3.3.1. Development of GPS-Enabled Trackers and Smart Helmets
- 3.3.2. Expansion of E-commerce Platforms
- 3.3.3. Innovation in Performance-Enhancing Components

Chapter 4. Global Bicycle Accessories Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Bicycle Accessories Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Bicycle Accessories Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Safety Accessories
- 5.2.2. Performance Accessories
- 5.2.3. Maintenance Accessories

Chapter 6. Global Bicycle Accessories Market Size & Forecasts by Components 2022-2032

6.1. Segment Dashboard
6.2. Global Bicycle Accessories Market: Components Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Helmets
- 6.2.2. Lights
- 6.2.3. Tires
- 6.2.4. GPS Devices
- 6.2.5. Others

Chapter 7. Global Bicycle Accessories Market Size & Forecasts by End-User 2022-2032

7.1. Segment Dashboard
7.2. Global Bicycle Accessories Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Commuters
- 7.2.2. Professional Cyclists
- 7.2.3. Recreational Riders

Chapter 8. Global Bicycle Accessories Market Size & Forecasts by Industry 2022-2032

8.1. Segment Dashboard
8.2. Global Bicycle Accessories Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Retail
- 8.2.2. E-commerce

Chapter 9. Global Bicycle Accessories Market Size & Forecasts by Application 2022-2032

9.1. Segment Dashboard
9.2. Global Bicycle Accessories Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Urban Cycling
- 9.2.2. Mountain Biking
- 9.2.3. Road Biking
- 9.2.4. Others

Chapter 10. Global Bicycle Accessories Market Size & Forecasts by Region 2022-2032

10.1. North America Bicycle Accessories Market
- 10.1.1. U.S. Bicycle Accessories Market
  - 10.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. End-User Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Bicycle Accessories Market
10.2. Europe Bicycle Accessories Market
- 10.2.1. UK Bicycle Accessories Market
- 10.2.2. Germany Bicycle Accessories Market
- 10.2.3. France Bicycle Accessories Market
- 10.2.4. Spain Bicycle Accessories Market
- 10.2.5. Italy Bicycle Accessories Market
- 10.2.6. Rest of Europe Bicycle Accessories Market
10.3. Asia-Pacific Bicycle Accessories Market
- 10.3.1. China Bicycle Accessories Market
- 10.3.2. India Bicycle Accessories Market
- 10.3.3. Japan Bicycle Accessories Market
- 10.3.4. Australia Bicycle Accessories Market
- 10.3.5. South Korea Bicycle Accessories Market
- 10.3.6. Rest of Asia Pacific Bicycle Accessories Market
10.4. Latin America Bicycle Accessories Market
- 10.4.1. Brazil Bicycle Accessories Market
- 10.4.2. Mexico Bicycle Accessories Market
- 10.4.3. Rest of Latin America Bicycle Accessories Market
10.5. Middle East & Africa Bicycle Accessories Market
- 10.5.1. Saudi Arabia Bicycle Accessories Market
- 10.5.2. South Africa Bicycle Accessories Market
- 10.5.3. Rest of Middle East & Africa Bicycle Accessories Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Shimano Inc.
- 11.1.2. Giant Manufacturing Co. Ltd.
- 11.1.3. Trek Bicycle Corporation
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Shimano Inc.
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Giant Manufacturing Co. Ltd.
- 11.3.3. Trek Bicycle Corporation
- 11.3.4. Specialized Bicycle Components, Inc.
- 11.3.5. Accell Group
- 11.3.6. Fox Racing, Inc.
- 11.3.7. Hero Cycles Ltd.
- 11.3.8. Merida Industry Co. Ltd.
- 11.3.9. Mavic SAS
- 11.3.10. Thule Group AB

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes