Bicycle Components Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for bicycle components. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Bicycle Components Market Size (2024E): USD 14.8 Bn
Projected Market Value (2033F): USD 29.0 Bn
Global Market Growth Rate (CAGR 2024 to 2033): 7.8%

Bicycle Components Market - Report Scope:

Bicycle components are integral to the overall performance, safety, and functionality of bicycles. The market for these components includes a wide range of products such as gears, brakes, chains, derailleurs, and wheels, among others. These components are used across different types of bicycles, including road, mountain, hybrid, and electric bicycles. The market growth is driven by rising health consciousness, the growing trend of cycling as a sustainable mode of transportation, and the increasing popularity of electric bicycles (e-bikes).

Market Growth Drivers:

The global bicycle components market is propelled by several key factors, including the rising adoption of bicycles for fitness and recreation, as well as the increasing focus on eco-friendly transportation alternatives. The surge in demand for e-bikes, driven by technological advancements and consumer preference for convenient and efficient commuting solutions, significantly contributes to market growth. Additionally, government initiatives promoting cycling infrastructure and the rising popularity of cycling sports further boost the demand for high-performance bicycle components.

Market Restraints:

Despite the positive growth outlook, the bicycle components market faces challenges such as fluctuating raw material prices and the high cost of advanced components. The premium pricing associated with high-performance and specialized components can be a barrier for cost-sensitive consumers, particularly in developing regions. Additionally, supply chain disruptions and the availability of counterfeit products may hinder market growth and affect the quality perception of genuine components.

Market Opportunities:

The bicycle components market presents significant growth opportunities driven by innovations in materials and technology, such as lightweight and durable carbon fiber components. The growing trend of customization and the rising demand for high-end, performance-oriented bicycles open new avenues for market players. Expansion in emerging markets, where cycling is gaining popularity as both a sport and a transportation mode, provides additional growth potential. Partnerships with bicycle manufacturers, investment in R&D, and the introduction of affordable, high-quality components are essential to capitalize on these emerging opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the bicycle components market globally?
Which component types and technologies are leading adoption across different bicycle categories?
How are technological advancements influencing the competitive landscape of the bicycle components market?
Who are the key players contributing to the bicycle components market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global bicycle components market?

Competitive Intelligence and Business Strategy:

Leading players in the global bicycle components market, including Shimano Inc., SRAM LLC, and Campagnolo S.r.l., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced components, including electronic shifting systems and aerodynamic wheels, catering to diverse consumer preferences and performance requirements. Collaborations with bicycle manufacturers and retailers facilitate market access and promote the adoption of advanced components. Emphasis on quality, performance, and sustainability drives market growth and reinforces the position of key players in the evolving bicycle industry.

Key Companies Profiled:

SRAM LLC
KMC Group
Shimano Inc
Giant Manufacturing Co. Ltd
Campagnolo S.r.l
Atlas Cycles Ltd
Hayes Bicycle Group
Dorel
Industries Inc
Tektro Technology Corporation
Merida Industry Co. Ltd

Key Segments of Bicycle Components Market

Component

Frames
Saddles
Rims
Brakes
Pedals

Bicycle

Mountain Bikes
Hybrid/Cross
Road
Comfort
Youth
Cruiser
Electric

Sales Channel

OEMs
Aftermarket

Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Product Code: PMRREP32246

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Bicycle Components Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume ('Mn Units) Analysis, 2019-2023
5.2. Current and Future Market Volume ('Mn Units) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Bicycle Components Market - Pricing Analysis

6.1. Regional Pricing Analysis By Component
6.2. Global Average Pricing Analysis Benchmark

7. Global Bicycle Components Market Demand (US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
7.3. Y-o-Y Growth Trend Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global Economic Outlook
- 8.1.2. Global GDP Growth Overview
- 8.1.3. Other Key Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Manufacturing Value Added Growth Outlook
- 8.2.2. Global Economic Growth Outlook
- 8.2.3. Global Urbanization Outlook
- 8.2.4. Impact of Regulations
- 8.2.5. Other Key Forecast Factors
8.3. Value Chain Analysis
8.4. Impact of COVID - 19 Crisis
- 8.4.1. Current Statistics
- 8.4.2. Impact on Market Size
- 8.4.3. Impact on Automotive Sensor Cleaning Market
- 8.4.4. Impact Assessment
- 8.4.5. Impact By Region
- 8.4.6. Recovery Scenarios
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis

9. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, by Component

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Component, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Component, 2024-2033
- 9.3.1. Frame
- 9.3.2. Saddle
- 9.3.3. Rim
- 9.3.4. Brake
- 9.3.5. Pedals
9.4. Market Attractiveness Analysis By Component

10. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, By Bicycle

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Bicycle, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Bicycle, 2024-2033
- 10.3.1. Mountain Bike
- 10.3.2. Hybrid/Cross
- 10.3.3. Road
- 10.3.4. Comfort
- 10.3.5. Youth
- 10.3.6. Cruiser
- 10.3.7. Electric
10.4. Market Attractiveness Analysis By Bicycle

11. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, By Sales Channel

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Sales Channel, 2019-2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Sales Channel, 2024-2033
- 11.3.1. OEM
- 11.3.2. Aftermarket
11.4. Market Attractiveness Analysis By Sales Channel

12. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia & Pacific
- 12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Country
  - 13.3.1.1. U.S.
  - 13.3.1.2. Canada
- 13.3.2. By Component
- 13.3.3. By Bicycle
- 13.3.4. By Sales Channel
13.4. Market Attractiveness Analysis

14. Latin America Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
  - 14.3.1.1. Brazil
  - 14.3.1.2. Mexico
  - 14.3.1.3. Rest of Latin America
- 14.3.2. By Component
- 14.3.3. By Bicycle
- 14.3.4. By Sales Channel
14.4. Market Attractiveness Analysis

15. Europe Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
  - 15.3.1.1. Germany
  - 15.3.1.2. Italy
  - 15.3.1.3. France
  - 15.3.1.4. U.K.
  - 15.3.1.5. Spain
  - 15.3.1.6. BENELUX
  - 15.3.1.7. Nordics
  - 15.3.1.8. Poland
  - 15.3.1.9. Russia
  - 15.3.1.10. Rest of Europe
- 15.3.2. By Component
- 15.3.3. By Bicycle
- 15.3.4. By Sales Channel
15.4. Market Attractiveness Analysis

16. South Asia & Pacific Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. India
  - 16.3.1.2. ASEAN
  - 16.3.1.3. Oceania
  - 16.3.1.4. Rest of South Asia
- 16.3.2. By Component
- 16.3.3. By Bicycle
- 16.3.4. By Sales Channel
16.4. Market Attractiveness Analysis

17. East Asia Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
  - 17.3.1.1. China
  - 17.3.1.2. Japan
  - 17.3.1.3. South Korea
- 17.3.2. By Component
- 17.3.3. By Bicycle
- 17.3.4. By Sales Channel
17.4. Market Attractiveness Analysis

18. Middle East and Africa Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
  - 18.3.1.1. GCC Countries
  - 18.3.1.2. Turkey
  - 18.3.1.3. Israel
  - 18.3.1.4. South Africa
  - 18.3.1.5. Rest of Middle East and Africa
- 18.3.2. By Component
- 18.3.3. By Bicycle
- 18.3.4. By Sales Channel
18.4. Market Attractiveness Analysis

19. Key and Emerging Countries Bicycle Components Market Analysis

19.1. U.S. Bicycle Components Market Analysis
- 19.1.1. By Component
- 19.1.2. By Bicycle
19.2. Canada Bicycle Components Market Analysis
- 19.2.1. By Component
- 19.2.2. By Bicycle
19.3. Brazil Bicycle Components Market Analysis
- 19.3.1. By Component
- 19.3.2. By Bicycle
19.4. Mexico Bicycle Components Market Analysis
- 19.4.1. By Component
- 19.4.2. By Bicycle
19.5. Germany Bicycle Components Market Analysis
- 19.5.1. By Component
- 19.5.2. By Bicycle
19.6. Italy Bicycle Components Market Analysis
- 19.6.1. By Component
- 19.6.2. By Bicycle
19.7. Spain Bicycle Components Market Analysis
- 19.7.1. By Component
- 19.7.2. By Bicycle
19.8. BENELUX Bicycle Components Market Analysis
- 19.8.1. By Component
- 19.8.2. By Bicycle
19.9. U.K. Bicycle Components Market Analysis
- 19.9.1. By Component
- 19.9.2. By Bicycle
19.10. Russia Bicycle Components Market Analysis
- 19.10.1. By Component
- 19.10.2. By Bicycle
19.11. France Bicycle Components Market Analysis
- 19.11.1. By Component
- 19.11.2. By Bicycle
19.12. China Bicycle Components Market Analysis
- 19.12.1. By Component
- 19.12.2. By Bicycle
19.13. Japan Bicycle Components Market Analysis
- 19.13.1. By Component
- 19.13.2. By Bicycle
19.14. South Korea Bicycle Components Market Analysis
- 19.14.1. By Component
- 19.14.2. By Bicycle
19.15. India Bicycle Components Market Analysis
- 19.15.1. By Component
- 19.15.2. By Bicycle
19.16. ASEAN Bicycle Components Market Analysis
- 19.16.1. By Component
- 19.16.2. By Bicycle
19.17. Australia and New Zealand Bicycle Components Market Analysis
- 19.17.1. By Component
- 19.17.2. By Bicycle
19.18. GCC Countries Bicycle Components Market Analysis
- 19.18.1. By Component
- 19.18.2. By Bicycle
19.19. Israel Bicycle Components Market Analysis
- 19.19.1. By Component
- 19.19.2. By Bicycle
19.20. Turkey Bicycle Components Market Analysis
- 19.20.1. By Component
- 19.20.2. By Bicycle
19.21. South Africa Bicycle Components Market Analysis
- 19.21.1. By Component
- 19.21.2. By Bicycle

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Bicycle Components)
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
- 20.4.1. Product foot print by Players

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. SRAM LLC
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Key Financials
  - 21.3.1.4. SWOT Analysis
  - 21.3.1.5. Strategy Overview
- 21.3.2. KMC Group
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Key Financials
  - 21.3.2.4. SWOT Analysis
  - 21.3.2.5. Strategy Overview
- 21.3.3. Shimano Inc
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Key Financials
  - 21.3.3.4. SWOT Analysis
  - 21.3.3.5. Strategy Overview
- 21.3.4. Giant Manufacturing Co. Ltd
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Key Financials
  - 21.3.4.4. SWOT Analysis
  - 21.3.4.5. Strategy Overview
- 21.3.5. Campagnolo S.r.l
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Key Financials
  - 21.3.5.4. SWOT Analysis
  - 21.3.5.5. Strategy Overview
- 21.3.6. Atlas Cycles Ltd
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Key Financials
  - 21.3.6.4. SWOT Analysis
  - 21.3.6.5. Strategy Overview
- 21.3.7. Hayes Bicycle Group
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Key Financials
  - 21.3.7.4. SWOT Analysis
  - 21.3.7.5. Strategy Overview
- 21.3.8. Dorel Industries Inc
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Key Financials
  - 21.3.8.4. SWOT Analysis
  - 21.3.8.5. Strategy Overview
- 21.3.9. Tektro Technology Corporation
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Key Financials
  - 21.3.9.4. SWOT Analysis
  - 21.3.9.5. Strategy Overview
- 21.3.10. Merida Industry Co. Ltd
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Key Financials
  - 21.3.10.4. SWOT Analysis
  - 21.3.10.5. Strategy Overview

Note: List of companies is not exhaustive in nature. It may be further augmented & refined during the course of research study