Bicycle Accessories Market Size, Share, and Growth Analysis, By Product (Apparels, Components), By Bicycle Type (Mountain Bikes, Hybrid Bikes), By Type, By Sales Channel, By Region - Industry Forecast 2025-2032

Bicycle Accessories Market size was valued at USD 13.46 billion in 2023 and is poised to grow from USD 14.55 billion in 2024 to USD 27.13 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).

The growing health consciousness among consumers is propelling the bicycle accessories market, driven by a surge in cycling for both exercise and transportation. Health issues like diabetes and cardiovascular diseases are encouraging individuals to adopt cycling, leading to heightened demand for accessories such as helmets, lights, locks, and hydration systems that enhance safety and functionality. The rise of e-bikes has further amplified this trend by increasing the need for safety gear and specialized accessories. Additionally, younger generations are increasingly embracing cycling, bolstering market prospects. Innovations like Thousand's online bundle-building platform and Mycle's accessory launch for Cargo bikes are shaping the industry, while strategic partnerships, like Porsche's with Ponooc, signal strong future growth in the e-bike segment. Overall, the bicycle accessories market is poised for sustained expansion globally.

Top-down and bottom-up approaches were used to estimate and validate the size of the Bicycle Accessories market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Bicycle Accessories Market Segments Analysis

Global Bicycle Accessories Market is segmented by Product, Bicycle Type, Type, Sales Channel and region. Based on Product, the market is segmented into Apparels, Components, Helmets, Lights, Locks, Bags, Mirrors, Water Bottle Cages, Pedals, Speedometers, Mudguards, Handlebar Grips, LED Lights and Gloves. Based on Bicycle Type, the market is segmented into Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes and Electric Bikes (E-bikes). Based on Type, the market is segmented into OEM (Original Equipment Manufacturer) and Aftermarket. Based on Sales Channel, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Bicycle Accessories Market

The bicycle accessories market is poised for growth as more individuals are turning to cycling to enhance their health and physical fitness. The rise in sedentary lifestyles, fueled by the prevalence of remote work, has prompted many to seek ways to incorporate exercise into their daily routines. This shift has resulted in a heightened demand for cycling as an accessible and effective means of staying active, especially since health experts advocate for it. Consequently, the increasing focus on fitness and well-being is driving the need for various bicycle accessories, further propelling the expansion of this market.

Restraints in the Bicycle Accessories Market

The global bicycle accessories market faces significant growth constraints due to the fierce competition within the industry. With numerous companies, ranging from international giants to local and regional players, vying for market share, it becomes increasingly challenging for businesses to establish a loyal consumer base. This intense rivalry necessitates a strong focus on product differentiation, making it essential for companies to innovate and stand out. Unfortunately, achieving widespread brand recognition in such a crowded marketplace often demands substantial investments of time and resources, which can hinder the ability of newer or smaller businesses to effectively compete and penetrate the market.

Market Trends of the Bicycle Accessories Market

The global bicycle accessories market is witnessing a notable upward trend due to increased government initiatives focused on creating cyclist-friendly infrastructure. As countries prioritize cycling safety and comfort through enhanced road developments, more individuals are adopting cycling as a viable mode of transportation. The European Declaration on Cycling, introduced in October 2023, exemplifies this commitment, as European leaders aim to leverage investments in cycling tourism to boost economic growth. This alignment of safety measures with lifestyle choices not only promotes healthier living but also drives significant demand for bicycle accessories, ensuring robust market expansion in the coming years.