Press release
Bicycle Components Aftermarket Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | Continental AG, SHIMANO INC., Fox Factory, SRAM LLC, DT Swiss, Mavic, Jagwire
Bicycle Components Aftermarket Global Market Report 2024
As per the report, the bicycle components aftermarket market size has grown strongly in recent years. It will grow from $15.97 billion in 2023 to $17.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The bicycle components aftermarket market size is expected to see strong growth in the next few years. It will grow to $25.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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What Is Driving The Growth Of The Global Bicycle Components Aftermarket Market?
Demand For Bicycles Propel Growth Of The Bicycle Component Aftermarket Market
The increase in the demand for bicycles is expected to propel the bicycle component aftermarket market growth going forward. A bicycle is a manually powered vehicle with two wheels aligned in a row, driven by pedals. The increase in bicycle demand is due to Growing awareness of health benefits, demand for sustainable and eco-friendly modes of transportation, and popularity for recreational purposes. The bicycle component aftermarket supplies replacement parts and accessories, allowing cyclists to maintain and enhance their bikes' performance and lifespan
What Is The Key Trend In The Global Bicycle Components Aftermarket Market?
Innovative LED Blinkers In Bicycle Component Aftermarket Enhance Safety And Aesthetics
Major companies operating in the bicycle component aftermarket market are focusing on developing innovative products, such as minimalistic color in LED blinkers, to enhance safety, aesthetics, and compliance with regulatory standards for cyclists. Minimalistic color in LED blinkers refers to simple, often monochromatic, color schemes emphasizing clean and uncluttered design. In the context of LED blinkers, this typically involves using single, solid colors such as white, amber, or red.
How Is The Global Bicycle Components Aftermarket Market Segmented?
The bicycle components aftermarket market covered in this report is segmented -
1) By Component Type: Derailleurs, Road Groupsets, Suspensions, Wheel Sets, Brakes, Caliper Type, Gears, Other Components
2) By Bicycle Type: Mountain Bike, Hybrid or Cross, Road, Comfort, Youth, Cruiser, Recumbent or Tandem, Electric, Folding
3) By Sales Channel: Specialty Bicycle Retailers, Discount Stores, Department Stores, Full-Line Sporting Goods Stores, Outdoor Specialty Stores, Other Sales Channel
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How Is The Competitive Landscape Of The Global Bicycle Components Aftermarket Market?
Major companies operating in the bicycle components aftermarket market are Continental AG, SHIMANO INC., Fox Factory, SRAM LLC, DT Swiss, Mavic, Jagwire, ENVE Composites, Renthal Ltd, Zipp Battery LLC, Wheels Manufacturing, Selle Italia s.r.l., Lezyne, Race Face, Campagnolo, Lizard Skins, CeramicSpeed, Ergon Bike, Bike Thomson, Full Speed Ahead, Maxxis, Easton Cycling, Hope Technology (IPCO) Ltd, KMC Chain
Contents Of The Global Bicycle Components Aftermarket Market
1. Executive Summary
2. Bicycle Components Aftermarket Market Report Structure
3. Bicycle Components Aftermarket Market Trends And Strategies
4. Bicycle Components Aftermarket Market - Macro Economic Scenario
5. Bicycle Components Aftermarket Market Size And Growth
…..
27. Bicycle Components Aftermarket Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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