Bicycle Accessories Market 2023 Driving Factors Forecast Research 2029

Bicycle accessories market is anticipated to grow at a CAGR of 7.5% during the forecast period (2023-2030). The market growth is attributed to the growing demand for technological advancements across the globe. The implementation of load-lugging into bicycle accessories and their accessories has created new opportunities for improving the cycling experience. Hence, the market players are coming up with new products to cater to the rising demand for bicycles. For instance, in August 2022, Mycle launched a sub-£2k eCargo bike, bringing load-lugging practicality and utility to a wider audience. Mycle with a rear load deck was parked next to a classic VW transporter. The company has recently announced the debut of a variety of attachments, created for Mycle's 'Cargo' but additionally compatible with other Mycle bikes, in order to satisfy a growing need and help Mycle users. Riders may configure their motorcycles to be individual carriers, cargo movers, or a combination of both, owing to the range. Bulky things can be transported using the front and rear cargo baskets, that are additionally available with high-quality bags to protect valuable cargo from the elements.

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The global bicycle accessories market is segmented by product, bicycle type, type, and distribution channel. Based on the product, the market is sub-segmented into helmets, gloves and warmers, LED lights, kickstands, saddles and covers, speedometers, and others. Based on the bicycle type, the market is sub-segmented into mountain bikes, road bikes, electric bikes, and others. Based on type, the market is segmented into OEM and aftermarket. Furthermore, based on distribution channel, the market is sub-segmented into specialty bicycle accessories retailers, full-line sporting goods stores, and online. Among the bicycle type, the road bikes sub-segment is anticipated to hold a considerable share of the market owing to the simplicity of basic bicycle accessories are more adaptable compared to other forms of bicycle accessories, such as racing, mountain, or specialty ones, has been associated with their rising popularity.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Bicycle Accessories Market Report Segment
By Product Type
• Helmets
• Gloves and Warmers
• LED Lights
• Kickstands
• Saddles and Covers
• Speedometers
• Others

By Bicycle Type
• Mountain Bikes
• Road
• Electric
• Others

By Type
• OEM
• Aftermarket

By Distribution Channel
• Specialty Bicycle Retailers
• Full-Line Sporting Goods Stores
• Online

Global Bicycle Accessories Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global bicycle accessories market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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