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Bicycle Accessories Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends 2032
Bicycle Accessories Global Market
The Business Research Company's Bicycle Accessories Global Market Report 2023 identifies rise in An increase in e-bike sales as the major driver for the Bicycle Accessories market's growth in the forecast period. An electric bicycle refers to a motorized bicycle, with an electric motor used to assist propulsion. Bicycle accessories assist the rider in riding a bicycle by providing various accessories such as a helmet, battery, front lamp, rear lamp, front lamp, and alloy pedals.
The global bicycle accessories market is expected to grow from $12.26 billion in 2022 to $13.30 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bicycle accessories market is expected to reach $17.94 billion in 2027 at a CAGR of 7.8%.
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Major competitors in the Bicycle Accessories market are Continental AG, Garmin Ltd., Shimano Inc., Giant Manufacturing Co. Ltd., Trek Bicycle Corp., Fox Factory Inc., Accell Group N.V., Merida Industry Co. Ltd., Thule Group AB , ABUS August Bremicker Söhne KG, SRAM LLC.
A key trend in the Bicycle Accessories market includes Product innovations. Major companies operating in the bicycle accessories market are focused on developing innovative solutions to strengthen their position in the market.
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The Bicycle Accessories market is segmented -
1) By Product: Apparels, Components
2) Bicycle Type: Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Other Bicycle Types
3) By Marketplace: Original Equipment Manufacturer (OEM), Aftermarket
4) By Sale Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Bicycle Accessories market.
The Business Research Company's "Global Bicycle Accessories Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bicycle Accessories Market Include:
1. Executive Summary
2. Bicycle Accessories Market Characteristics
3. Bicycle Accessories Market Trends And Strategies
4. Bicycle Accessories Market - Macro Economic Scenario
5. Bicycle Accessories Market Size And Growth
……
27. Bicycle Accessories Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bicycle Accessories Market
29. Bicycle Accessories Market Future Outlook And Potential Analysis
30. Appendix
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