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

Description

Persistence Market Research presents an in-depth analysis of the Bicycle Accessories Market, offering insights into its intricate dynamics and future trajectory. From market trends to growth catalysts, impediments, and emerging patterns, this report furnishes invaluable statistics and projections spanning from 2024 to 2033.

Key Insights:

Bicycle Accessories Market Size (2024): USD 18386.58 Million
Projected Market Value (2033): USD 33519.7 Million
Global Market Growth Rate (CAGR 2024 to 2033): 6.9%

Bicycle Accessories Market - Report Scope:

The Bicycle Accessories Market encompasses various applications across different segments such as safety gear, maintenance equipment, and performance enhancers. Accessories such as helmets, lights, locks, pumps, and cycling computers cater to a wide range of end-users, including recreational cyclists, professional riders, and commuters. Market growth is driven by factors such as increasing health consciousness, rising urbanization, and the growing popularity of cycling as a sustainable mode of transportation.

Market Growth Drivers:

The global Bicycle Accessories Market is bolstered by several key growth drivers. Increasing awareness about health and fitness propels the demand for cycling accessories as more individuals take up cycling for exercise and recreation. Moreover, urbanization and the development of cycling infrastructure in cities boost the adoption of bicycles, consequently driving the demand for accessories. Additionally, technological advancements in accessory design and functionality, such as smart helmets and GPS-enabled cycling computers, enhance the cycling experience, further stimulating market growth.

Market Restraints:

Despite its promising growth prospects, the Bicycle Accessories Market faces challenges related to high costs, fluctuating raw material prices, and competition from counterfeit products. The high cost of advanced cycling accessories may limit their adoption among price-sensitive consumers. Additionally, fluctuations in raw material prices can impact the manufacturing costs and pricing of accessories. Moreover, the market is flooded with counterfeit products that offer inferior quality, affecting the overall market growth and brand reputation of established players.

Market Opportunities:

The Bicycle Accessories Market presents lucrative growth opportunities driven by technological innovation, eco-friendly product development, and market diversification. Emerging trends such as eco-friendly materials, smart accessories, and personalized cycling gear inspire manufacturers to explore new formulations and applications for bicycle accessories. Moreover, strategic partnerships, research collaborations, and mergers and acquisitions enable market players to expand their product portfolios, enhance their technical capabilities, and strengthen their market presence in key regions. Furthermore, growing investments in research and development, coupled with increasing government support for sustainable transportation, create a conducive environment for market expansion and diversification.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Bicycle Accessories Market globally?
How are technological advancements and industry trends shaping the evolution of bicycle accessories?
What are the key challenges and opportunities facing market participants in the bicycle accessories segment?
Which geographic regions offer the highest growth potential for bicycle accessories manufacturers?
What strategies are leading companies employing to differentiate their bicycle accessories and capture market share?

Competitive Intelligence and Business Strategy:

Leading players in the global Bicycle Accessories Market focus on innovation, product differentiation, and market expansion to gain a competitive edge. These companies invest in research and development to develop advanced accessory designs, improve product quality, and explore new applications for cycling accessories. Moreover, strategic collaborations with research institutions, academic partners, and industry associations enable market players to access new technologies, expand their knowledge base, and accelerate product development efforts. Furthermore, emphasis on regulatory compliance, quality assurance, and customer support enhances brand reputation and fosters long-term relationships with customers and stakeholders.

Key Companies Profiled:

Shimano Inc.
Giant Manufacturing Co. Ltd.
Trek Bicycle Corporation
Specialized Bicycle Components, Inc.
Hero Cycles Ltd.
Merida Industry Co., Ltd.
Accell Group N.V.
Dorel Industries Inc.
Garmin Ltd.
CatEye Co., Ltd.
Bontrager
ABUS August Bremicker Sohne KG

Bicycle Accessories Market Research Segmentation:

By Product Type:

Helmets
Gloves & Warmers
Jersey/Tee
LED Lights
Mirror
Bottle Cage
Pump (Hand and Foot)
Bar Ends/Grips
Kickstand
Saddles & Covers
Mudflaps
Speedometer
Horn
Fenders

By Bicycle Type:

Mountain Bike
Hybrid/Cross
Road
Comfort
Youth
Cruiser
Electric & Others

By Sales-Channel:

Specialty Bicycle Retailers
Full-Line Sporting Goods Stores
Department Stores & Others
Online

By Region:

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

Product Code: PMRREP23362

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. 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

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

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

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product Type
6.2. Global Average Pricing Analysis Benchmark

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

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Overview of Accessories Market
8.4. Value Chain Analysis
- 8.4.1. List of Bicycle Accessories Suppliers
- 8.4.2. List of OEM dealers
- 8.4.3. List of Key End-Users
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
8.6. COVID-19 Crisis - Impact Assessment
- 8.6.1. Current Statistics
- 8.6.2. World Economy / Cluster Projections
- 8.6.3. Short - Mid - Long Term Outlook
- 8.6.4. Likely Rebound Key Strategies
8.7. Regulatory Framework

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Product Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 9.3.1. Helmets
- 9.3.2. Gloves & Warmers
- 9.3.3. Jersey/Tee
- 9.3.4. LED Lights
- 9.3.5. Mirror
- 9.3.6. Bottle Cage
- 9.3.7. Pump (Hand and Foot)
- 9.3.8. Bar Ends/Grips
- 9.3.9. Kickstand
- 9.3.10. Saddles & Covers
- 9.3.11. Mudflaps
- 9.3.12. Speedometer
- 9.3.13. Horn
- 9.3.14. Fenders
9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, 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, 2024-2033
- 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 & Others
10.4. Market Attractiveness Analysis By Bicycle Type

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, 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, 2024-2033
- 11.3.1. Specialty Bicycle Retailers
- 11.3.2. Full-Line Sporting Goods Stores
- 11.3.3. Department Stores & Others
- 11.3.4. Online
11.4. Market Attractiveness Analysis By Sales Channel

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

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn) 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. South Asia and Pacific
- 12.3.5. East Asia
- 12.3.6. Middle East & Africa (MEA)
12.4. Market Attractiveness Analysis By Region

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

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By Product Type
- 13.4.3. By Bicycle Type
- 13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By Bicycle Type
- 13.5.4. By Sales Channel

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

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. Mexico
  - 14.4.1.3. Rest of Latin America
- 14.4.2. By Product Type
- 14.4.3. By Bicycle Type
- 14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By Bicycle Type
- 14.5.4. By Sales Channel

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

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Russia
  - 15.4.1.8. Rest of Europe
- 15.4.2. By Product Type
- 15.4.3. By Bicycle Type
- 15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By Bicycle Type
- 15.5.4. By Sales Channel

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

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. Australia & New Zealand
  - 16.4.1.4. Rest of South Asia and Pacific
- 16.4.2. By Product Type
- 16.4.3. By Bicycle Type
- 16.4.4. By Sales Channel
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By Bicycle Type
- 16.5.4. By Sales Channel

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

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By Product Type
- 17.4.3. By Bicycle Type
- 17.4.4. By Sales Channel
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Product Type
- 17.5.3. By Bicycle Type
- 17.5.4. By Sales Channel

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

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. Turkey
  - 18.4.1.3. Northern Africa
  - 18.4.1.4. South Africa
  - 18.4.1.5. Rest of MEA
- 18.4.2. By Product Type
- 18.4.3. By Bicycle Type
- 18.4.4. By Sales Channel
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Product Type
- 18.5.3. By Bicycle Type
- 18.5.4. By Sales Channel

19. Country Wise Market Analysis

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Market Analysis
- 19.2.1. By Product Type
- 19.2.2. By Bicycle Type
- 19.2.3. By Sales Channel
19.3. Canada Market Analysis
- 19.3.1. By Product Type
- 19.3.2. By Bicycle Type
- 19.3.3. By Sales Channel
19.4. Mexico Market Analysis
- 19.4.1. By Product Type
- 19.4.2. By Bicycle Type
- 19.4.3. By Sales Channel
19.5. Brazil Market Analysis
- 19.5.1. By Product Type
- 19.5.2. By Bicycle Type
- 19.5.3. By Sales Channel
19.6. Germany Market Analysis
- 19.6.1. By Product Type
- 19.6.2. By Bicycle Type
- 19.6.3. By Sales Channel
19.7. Italy Market Analysis
- 19.7.1. By Product Type
- 19.7.2. By Bicycle Type
- 19.7.3. By Sales Channel
19.8. France Market Analysis
- 19.8.1. By Product Type
- 19.8.2. By Bicycle Type
- 19.8.3. By Sales Channel
19.9. U.K. Market Analysis
- 19.9.1. By Product Type
- 19.9.2. By Bicycle Type
- 19.9.3. By Sales Channel
19.10. Spain Market Analysis
- 19.10.1. By Product Type
- 19.10.2. By Bicycle Type
- 19.10.3. By Sales Channel
19.11. BENELUX Market Analysis
- 19.11.1. By Product Type
- 19.11.2. By Bicycle Type
- 19.11.3. By Sales Channel
19.12. Russia Market Analysis
- 19.12.1. By Product Type
- 19.12.2. By Bicycle Type
- 19.12.3. By Sales Channel
19.13. China Market Analysis
- 19.13.1. By Product Type
- 19.13.2. By Bicycle Type
- 19.13.3. By Sales Channel
19.14. Japan Market Analysis
- 19.14.1. By Product Type
- 19.14.2. By Bicycle Type
- 19.14.3. By Sales Channel
19.15. South Korea Market Analysis
- 19.15.1. By Product Type
- 19.15.2. By Bicycle Type
- 19.15.3. By Sales Channel
19.16. India Market Analysis
- 19.16.1. By Product Type
- 19.16.2. By Bicycle Type
- 19.16.3. By Sales Channel
19.17. ASEAN Market Analysis
- 19.17.1. By Product Type
- 19.17.2. By Bicycle Type
- 19.17.3. By Sales Channel
19.18. Australia and New Zealand Market Analysis
- 19.18.1. By Product Type
- 19.18.2. By Bicycle Type
- 19.18.3. By Sales Channel
19.19. GCC Countries Market Analysis
- 19.19.1. By Product Type
- 19.19.2. By Bicycle Type
- 19.19.3. By Sales Channel
19.20. Turkey Market Analysis
- 19.20.1. By Product Type
- 19.20.2. By Bicycle Type
- 19.20.3. By Sales Channel
19.21. Northern Africa Market Analysis
- 19.21.1. By Product Type
- 19.21.2. By Bicycle Type
- 19.21.3. By Sales Channel
19.22. South Africa Market Analysis
- 19.22.1. By Product Type
- 19.22.2. By Bicycle Type
- 19.22.3. By Sales Channel

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Bicycle Accessories)
20.2. Market Concentration and Market Share Analysis of Top Players
20.3. Market Presence Analysis
- 20.3.1. By Regional footprint of Players
- 20.3.2. Product foot print by Players

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. Accell Group
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Sales Footprint
  - 21.3.1.4. Strategy Overview
    - 21.3.1.4.1. Marketing Strategy
    - 21.3.1.4.2. Product Strategy
    - 21.3.1.4.3. Channel Strategy
- 21.3.2. Avon Cycles Ltd
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Sales Footprint
  - 21.3.2.4. Strategy Overview
    - 21.3.2.4.1. Marketing Strategy
    - 21.3.2.4.2. Product Strategy
    - 21.3.2.4.3. Channel Strategy
- 21.3.3. Campagnolo S.R.L.
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Sales Footprint
  - 21.3.3.4. Strategy Overview
    - 21.3.3.4.1. Marketing Strategy
    - 21.3.3.4.2. Product Strategy
    - 21.3.3.4.3. Channel Strategy
- 21.3.4. Garmin Ltd
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Sales Footprint
  - 21.3.4.4. Strategy Overview
    - 21.3.4.4.1. Marketing Strategy
    - 21.3.4.4.2. Product Strategy
    - 21.3.4.4.3. Channel Strategy
- 21.3.5. Shimano Inc.
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Sales Footprint
  - 21.3.5.4. Strategy Overview
    - 21.3.5.4.1. Marketing Strategy
    - 21.3.5.4.2. Product Strategy
    - 21.3.5.4.3. Channel Strategy
- 21.3.6. Giant Manufacturing Co., Ltd
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Sales Footprint
  - 21.3.6.4. Strategy Overview
    - 21.3.6.4.1. Marketing Strategy
    - 21.3.6.4.2. Product Strategy
    - 21.3.6.4.3. Channel Strategy
- 21.3.7. Merida Industry Co Ltd
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Sales Footprint
  - 21.3.7.4. Strategy Overview
    - 21.3.7.4.1. Marketing Strategy
    - 21.3.7.4.2. Product Strategy
    - 21.3.7.4.3. Channel Strategy
- 21.3.8. Samchuly Bicycle Co., Ltd.
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Sales Footprint
  - 21.3.8.4. Strategy Overview
    - 21.3.8.4.1. Marketing Strategy
    - 21.3.8.4.2. Product Strategy
    - 21.3.8.4.3. Channel Strategy
- 21.3.9. DT SWISS
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Sales Footprint
  - 21.3.9.4. Strategy Overview
    - 21.3.9.4.1. Marketing Strategy
    - 21.3.9.4.2. Product Strategy
    - 21.3.9.4.3. Channel Strategy
- 21.3.10. Endura Ltd
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Sales Footprint
  - 21.3.10.4. Strategy Overview
    - 21.3.10.4.1. Marketing Strategy
    - 21.3.10.4.2. Product Strategy
    - 21.3.10.4.3. Channel Strategy
- 21.3.11. Eastman Industries Ltd.
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Sales Footprint
  - 21.3.11.4. Strategy Overview
    - 21.3.11.4.1. Marketing Strategy
    - 21.3.11.4.2. Product Strategy
    - 21.3.11.4.3. Channel Strategy