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Bicycle Accessories Global Market Report 2025: Soaring E-bike Sales Propel Market to $15.37 Billion by 2025, With a CAGR of 7.8%
Bicycle Accessories Global Market
What Is The Projected Market Size Of The Global Bicycle Accessories Market And Its Growth Rate?
• The bicycle accessories market has seen robust growth in recent years.
• Market size will rise from $14.25 billion in 2024 to $15.37 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 7.8%.
• This growth can be attributed to a rise in cycling enthusiasts, urbanization and commuting trends, cycling events and competitions, customization and personalization, influence of professional cycling.
• Furthermore, the market size is predicted to surge to $20.9 billion in 2029 with a CAGR of 8.0%. Influences include the rise in micromobility solutions, health and fitness integration, integration of artificial intelligence, shift towards electric bikes, sustainable, and eco-friendly products.
What Is Driving The Growth In The Bicycle Accessories Global Market Report 2025?
An increase in e-bike sales is expected to propel the growth of the bicycle accessories market. An electric bicycle refers to a motorized bicycle, with an electric motor used to assist propulsion. Bicycle accessories serve to aid the rider, offering assortments such as helmets, batteries, lamps, and alloy pedals. For instance, a report from Canada-based Rize Bikes shows that the U.S. e-bike market, valued at $800 million in January 2024, is projected to reach $1.2 billion by 2025. Therefore, the increase in e-bike sales serves as a vital growth driver for the bicycle accessories market.
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Who Are The Key Players Driving Bicycle Accessories Global Market Report 2025 Growth?
• 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
• Specialized Bicycle Components Inc.
• DT Swiss
• Campagnolo S.R.L
• Samchuly Bicycle Co. Ltd.
• Scott Sports SA
• Endura Ltd.
• Cannondale Bicycle Corporation
• Mavic SAS
• Eastman Industries Ltd.
• Blackburn Design
• Sigma Sport
• Selle Italia S.p.A.
• Avon Cycles Ltd.
• Park Tool Company
• Lezyne USA Inc
• BBB Cycling
• Cateye Co. Ltd.
• Topeak Inc.
• Giro
What Are The Key Trends In The Bicycle Accessories Global Market?
Key trends in the forecast period:
• The integration of wireless technology.
• Emphasis on lightweight and compact designs.
• Fashionable designs.
• Smart navigation and assistance.
• Adoption of aerodynamic accessories.
What Are The Segments Of The Global Bicycle Accessories Market?
1) By Product: Apparels, Components
2) By Bicycle Type: Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Other Bicycle Types
3) By Marketplace: Original Equipment Manufacturer (OEM), After market
4) By Sale Channel: Offline, Online
Which Region Leads The Bicycle Accessories Global Market?
Asia-Pacific was the largest region in the bicycle accessories market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
https://www.thebusinessresearchcompany.com/report/bicycle-accessories-global-market-report
What Is Covered In The Bicycle Accessories Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Bicycle Accessories Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bicycle Accessories Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Bicycle Accessories Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bicycle Accessories Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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