U.S. & Canada Bicycle Accessories Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

The U.S. & Canada Bicycle Accessories Market report by Persistence Market Research provides a comprehensive analysis of market dynamics, growth factors, challenges, and emerging trends. It covers data and statistics on the market's trajectory from 2024 to 2031, offering insights into the current state and future prospects of the bicycle accessories market in the United States and Canada.

The U.S. & Canada bicycle accessories market is anticipated to grow at a compound annual growth rate (CAGR) of 4.2% from USD 2.44 billion in 2024 to USD 3.49 billion by 2031.

Key Insights:

Estimated Market Size (2024): USD 2.44 Billion
Projected Market Size (2031): USD 3.49 Billion
CAGR (2024 to 2031): 4.2%

U.S. & Canada Bicycle Accessories Market - Report Scope:

Bicycle accessories encompass a wide range of products designed to enhance the functionality, performance, safety, and aesthetics of bicycles. The U.S. & Canada Bicycle Accessories Market includes accessories such as helmets, lights, locks, racks, mirrors, bells, fenders, water bottle cages, and tools, among others. The report outlines key drivers behind the demand for bicycle accessories, including increasing adoption of cycling for commuting, recreation, and fitness, growing awareness of safety and sustainability, and rising interest in cycling as a lifestyle choice. Moreover, advancements in product design, materials, and technology drive market growth by offering innovative and high-performance accessories tailored to the needs of cyclists.

Market Growth Drivers:

The market's growth is propelled by several factors. Firstly, the growing popularity of cycling as a sustainable and eco-friendly mode of transportation drives demand for bicycle accessories that enhance safety, comfort, and convenience for cyclists. Additionally, government initiatives to promote cycling infrastructure, bike-sharing programs, and active transportation policies further boost market growth by encouraging cycling participation and investment in cycling-related amenities. Moreover, changing consumer lifestyles, urbanization trends, and health and wellness awareness drive demand for bicycle accessories that cater to diverse needs and preferences, fostering market expansion.

Market Restraints:

Despite the positive outlook, the U.S. & Canada Bicycle Accessories Market faces certain challenges. Economic uncertainties, fluctuating consumer spending, and discretionary income may impact purchasing decisions and consumer demand for premium bicycle accessories, influencing market dynamics. Moreover, regulatory constraints, safety standards, and certification requirements for bicycle accessories may pose challenges to market entry and product compliance, particularly for new and innovative accessories. Additionally, competition from alternative transportation modes, such as electric scooters and micromobility solutions, may impact cycling participation and accessory sales, posing challenges to market growth.

Market Opportunities:

The U.S. & Canada Bicycle Accessories Market offers significant opportunities for innovation and diversification. Manufacturers can focus on developing accessories with advanced features such as integrated technology, smart connectivity, and performance monitoring, catering to the evolving needs of cyclists for data-driven insights and personalized experiences. Moreover, customization and personalization options, including colorways, designs, and branding, enable accessory brands to engage with cyclists and build brand loyalty. Furthermore, strategic partnerships with bicycle manufacturers, retailers, cycling clubs, and advocacy groups facilitate market penetration and expansion into new geographic regions and customer segments, driving brand visibility and sales growth.

Key Questions Addressed in the Report:

What is the Expected CAGR of the U.S. & Canada Bicycle Accessories Market from 2024 to 2031?
What are the Key Factors Driving the Growth of the U.S. & Canada Bicycle Accessories Market?
Which Product Category Holds the Largest Market Share in the U.S. & Canada Bicycle Accessories Market?
Who are the Key Players in the U.S. & Canada Bicycle Accessories Market?
What Strategies are Adopted by Leading Companies to Stay Competitive in the U.S. & Canada Bicycle Accessories Market?

Competitive Landscape and Business Strategies:

Key players in the U.S. & Canada Bicycle Accessories Market include Bell Sports, Inc., Trek Bicycle Corporation, Giant Manufacturing Co., Ltd., Dorel Industries Inc., and Specialized Bicycle Components, Inc. These companies focus on product innovation, brand building, and marketing strategies to differentiate themselves in the market and gain a competitive edge. For instance, Bell Sports, Inc. offers a wide range of helmets, lights, and locks with innovative designs and safety features, while Trek Bicycle Corporation specializes in performance-oriented accessories for road, mountain, and urban cycling. Market players also invest in sustainability initiatives, including eco-friendly materials, responsible sourcing practices, and recycling programs, to address growing consumer demand for sustainable cycling accessories and reduce environmental impact.

Key Companies Profiled:

Bell Sports, Inc.
Trek Bicycle Corporation
Giant Manufacturing Co., Ltd.
Dorel Industries Inc.
Specialized Bicycle Components, Inc.

U.S. & Canada Bicycle Accessories Market Segmentation:

By Product:

Helmets
Gloves & Warmers
Jerseys/Tees/Jackets
LED Lights
Mirrors
Bottle Cages
Pumps
Front Baskets & Luggage Carriers
Bar Grips
Kickstands
Saddle & Covers
Mud Flaps
Speedometers
Horns
Fenders

By Bicycle Type:

Mountain Bikes
Hybrid/Cross
Road
Comfort
Youth
Cruisers
Electric & Others

By Sales Channel:

Offline
Speciality Bicycle Retailers
Full Line Sporting Goods Stores
Department Stores & Others
Online

By Country:

U.S.
North East U.S.
Mid-West U.S.
West U.S.
South U.S.
Canada
The Atlantic Provinces
Central Canada
The Prairie Provinces
The West Coast
The Northern Territories

Product Code: PMRREP33158

1. Executive Summary

1.1. North America 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. North America Bicycle Accessories Market Demand Analysis 2019-2023 and Forecast, 2024-2031

5.1. Historical Market Volume ('000 Units) Analysis, 2019-2023
5.2. Current and Future Market Volume ('000 Units) Projections, 2024-2031
5.3. Y-o-Y Growth Trend Analysis

6. North America Bicycle Accessories Market - Pricing Analysis

6.1. Pricing Analysis By Product
6.2. North America Average Pricing Analysis Benchmark

7. North America Bicycle Accessories Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global Economic Outlook
- 8.1.2. North America Real GDP Growth Outlook
- 8.1.3. North America Urbanization Overview
- 8.1.4. Global Economy Size and Share Outlook
- 8.1.5. Global Bicycle Production Overview
- 8.1.6. Global Bicycle Sales Overview
- 8.1.7. Top Countries By Bicycle Sales
- 8.1.8. Peak hours Spent by Average Commuter in Congestion
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Traffic Congestion
- 8.2.2. Rising Fuel Prices
- 8.2.3. Prevalence of Competitive Sports
- 8.2.4. Bike Sharing Programs
- 8.2.5. Global Manufacturing Activity Outlook
- 8.2.6. Global Population and Urbanization Growth
- 8.2.7. Labor Costs
- 8.2.8. Growth in Bicycle Fleet
8.3. Value Chain
- 8.3.1. Profit Margins
- 8.3.2. Raw Material Suppliers
- 8.3.3. Product Manufacturers
- 8.3.4. Suppliers
8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis

9. North America Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031, By Product

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2024-2031
- 9.3.1. Helmets
- 9.3.2. Gloves & Warmers
- 9.3.3. Jerseys/Tees
- 9.3.4. LED Lights
- 9.3.5. Mirrors
- 9.3.6. Bottle Cages
- 9.3.7. Pumps (Hand and Foot)
- 9.3.8. Bar Ends/Grips
- 9.3.9. Kickstands
- 9.3.10. Saddles & Covers
- 9.3.11. Mud Flaps
- 9.3.12. Speedometers
- 9.3.13. Horns
- 9.3.14. Fenders
- 9.3.15. Bike steering
- 9.3.16. Bike storage
- 9.3.17. Bike brake
- 9.3.18. Bike Gearing
- 9.3.19. Bike Carriers
- 9.3.20. Bike maintenance tool
- 9.3.21. Bike Inner Tube
9.4. Market Attractiveness Analysis By Product

10. North America Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031, By Bicycle Type

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Bicycle Type, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Bicycle Type, 2024-2031
- 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 & Others
10.4. Market Attractiveness Analysis By Bicycle Type

11. North America Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031, By Sales Channel

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2024-2031
- 11.3.1. Offline
  - 11.3.1.1. Specialty Bicycle Retailers
  - 11.3.1.2. Full-Line Sporting Goods Stores
  - 11.3.1.3. Department Stores & Others
- 11.3.2. Online
11.4. Market Attractiveness Analysis By Sales Channel

12. North America Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031, by Country

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Country, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Country, 2024-2031
- 12.3.1. U.S.
- 12.3.2. Canada
12.4. Market Attractiveness Analysis By Country

13. U.S. Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 13.3.1. By Product
- 13.3.2. By Bicycle Type
- 13.3.3. By Sales Channel
- 13.3.4. By Region
  - 13.3.4.1. North East U.S.
  - 13.3.4.2. Mid-West U.S.
  - 13.3.4.3. West U.S.
  - 13.3.4.4. South U.S.
13.4. Market Attractiveness Analysis
- 13.4.1. By Product
- 13.4.2. By Bicycle Type
- 13.4.3. By Sales Channel
- 13.4.4. By Region

14. Canada Bicycle Accessories Market Analysis 2019-2023 and Forecast 2024-2031

14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2031
- 14.3.1. By Product
- 14.3.2. By Bicycle Type
- 14.3.3. By Sales Channel
- 14.3.4. By Region
  - 14.3.4.1. The Atlantic Provinces
  - 14.3.4.2. Central Canada
  - 14.3.4.3. The Prairie Provinces
  - 14.3.4.4. The West Coast
  - 14.3.4.5. The Northern Territories
14.4. Market Attractiveness Analysis
- 14.4.1. By Product
- 14.4.2. By Bicycle Type
- 14.4.3. By Sales Channel
- 14.4.4. By Region

15. Market Structure Analysis

15.1. Market Analysis by Tier of Companies (North America Bicycle Accessories)
15.2. Market Share Analysis of Top Players
15.3. Market Presence Analysis

16. Competition Analysis

16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Competition Deep Dive
- 16.3.1. Accell Group
  - 16.3.1.1. Overview
  - 16.3.1.2. Product Portfolio
  - 16.3.1.3. Key Financials by Market Segments (Product/Country)
  - 16.3.1.4. Sales Footprint
  - 16.3.1.5. Strategy Overview
- 16.3.2. Avon Cycles Ltd
  - 16.3.2.1. Overview
  - 16.3.2.2. Product Portfolio
  - 16.3.2.3. Key Financials by Market Segments (Product/Country)
  - 16.3.2.4. Sales Footprint
  - 16.3.2.5. Strategy Overview
- 16.3.3. Campagnolo S.R.L.
  - 16.3.3.1. Overview
  - 16.3.3.2. Product Portfolio
  - 16.3.3.3. Key Financials by Market Segments (Product/Country)
  - 16.3.3.4. Sales Footprint
  - 16.3.3.5. Strategy Overview
- 16.3.4. Garmin Ltd.
  - 16.3.4.1. Overview
  - 16.3.4.2. Product Portfolio
  - 16.3.4.3. Key Financials by Market Segments (Product/Country)
  - 16.3.4.4. Sales Footprint
  - 16.3.4.5. Strategy Overview
- 16.3.5. Shimano Inc.
  - 16.3.5.1. Overview
  - 16.3.5.2. Product Portfolio
  - 16.3.5.3. Key Financials by Market Segments (Product/Country)
  - 16.3.5.4. Sales Footprint
  - 16.3.5.5. Strategy Overview
- 16.3.6. Giant Manufacturing Co., Ltd.
  - 16.3.6.1. Overview
  - 16.3.6.2. Product Portfolio
  - 16.3.6.3. Key Financials by Market Segments (Product/Country)
  - 16.3.6.4. Sales Footprint
  - 16.3.6.5. Strategy Overview
- 16.3.7. Merida Industry Co Ltd
  - 16.3.7.1. Overview
  - 16.3.7.2. Product Portfolio
  - 16.3.7.3. Key Financials by Market Segments (Product/Country)
  - 16.3.7.4. Sales Footprint
  - 16.3.7.5. Strategy Overview
- 16.3.8. Samchuly Bicycle Co., Ltd.
  - 16.3.8.1. Overview
  - 16.3.8.2. Product Portfolio
  - 16.3.8.3. Key Financials by Market Segments (Product/Country)
  - 16.3.8.4. Sales Footprint
  - 16.3.8.5. Strategy Overview
- 16.3.9. Trek Bicycle Corporation
  - 16.3.9.1. Overview
  - 16.3.9.2. Product Portfolio
  - 16.3.9.3. Key Financials by Market Segments (Product/Country)
  - 16.3.9.4. Sales Footprint
  - 16.3.9.5. Strategy Overview
- 16.3.10. DT SWISS
  - 16.3.10.1. Overview
  - 16.3.10.2. Product Portfolio
  - 16.3.10.3. Key Financials by Market Segments (Product/Country)
  - 16.3.10.4. Sales Footprint
  - 16.3.10.5. Strategy Overview
- 16.3.11. Endura Ltd.
  - 16.3.11.1. Overview
  - 16.3.11.2. Product Portfolio
  - 16.3.11.3. Key Financials by Market Segments (Product/Country)
  - 16.3.11.4. Sales Footprint
  - 16.3.11.5. Strategy Overview
- 16.3.12. Eastman Industries Limited
  - 16.3.12.1. Overview
  - 16.3.12.2. Product Portfolio
  - 16.3.12.3. Key Financials by Market Segments (Product/Country)
  - 16.3.12.4. Sales Footprint
  - 16.3.12.5. Strategy Overview