Press release
Key Bicycle Components Aftermarket Market Trend for 2025-2034: Innovative LED Blinkers In Bicycle Component Aftermarket Enhance Safety And Aesthetics
Bicycle Components Aftermarket Market
The size of the bicycle components aftermarket market has seen swift expansion in the previous years. There is a prediction for its increase, from $17.48 billion in 2024 to a whopping $19.26 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 10.2%. The causes for growth witnessed in the historical period are multifaceted, rooted in the rising popularity of road cycling and gravel biking, occurrences of economic downturns, amplified expenditure on premium aftermarket improvements, escalating concerns about the environment, and heightened consciousness about health and fitness.
Over the coming years, the aftermarket bicycle components market is set to experience substantial growth, expected to reach a value of $28.01 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. Factors attributed to this growth during the forecast period include government-supported cycling initiatives, the rise of online retail platforms, demand for maintenance and replacement parts for aging bicycles, a growing interest in bicycle customization, and required compliance with safety regulations and standards for routine updates and replacements. Key trends in the forecast period comprise enhanced demand for e-bike components, environment-friendly materials, refurbishments and reuse, smart technology integration, application of advanced materials, performance upgrades, and a shift towards standardization.
What Are the Primary Growth Drivers for the Bicycle Components Aftermarket Market?
The surge in bicycle requirements is projected to stimulate a rise in the bicycle component aftermarket sector. A bicycle is a manually propelled two-wheeled conveyance, driven by pedals. The escalating demand for bicycles stems from increasing health consciousness, a preference for sustainable and environment-friendly travel options, and their usage for leisure activities. The bicycle component aftermarket intervenes by providing spare parts and accessories that aid bicycle owners to upkeep and enrich their bicycles' efficacy and longevity. As an example, a report by the Portland Bureau of Transportation, a Portland-established transportation department, revealed in May 2024 that there was a 5% boost in biking individuals in 2023 compared with 2022 and a 4.8% augmentation from 2021. This upswing in bicycle requirements is steering the expansion of the bicycle component afterMarket.
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Which Key Market Leaders Are Driving Bicycle Components Aftermarket Industry Growth?
Major companies operating in the bicycle components afterMarket 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
What Are the Emerging Trends in the Bicycle Components Aftermarket Industry?
Leading businesses in the bicycle component aftermarket are concentrating on product innovation, including introducing minimalistic color in LED blinkers, to improve cyclists' safety, aesthetic appeal, and adherence to regulatory norms. Minimalistic color for LED blinkers usually means uncomplicated and predominantly monochromatic color designs that focus on a clean and clutter-free appearance. Generally, this involves the use of a single, robust color such as white, amber, or red. For example, Uno Minda, an automotive component manufacturer from India, unveiled a novel series of LED blinkers for bicycles in the aftermarket in November 2023. They provide customized LED blinkers that can be modified according to individual preferences, whether desiring a chic, minimalistic style or an intricate design. These blinkers are engineered to satisfy regulatory norms and align with traffic laws, ensuring cyclists can use them legally and with confidence.
What Are the Main Segments in the Bicycle Components Aftermarket Market?
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
Subsegments:
1) By Derailleurs: Front Derailleurs, Rear Derailleurs, Direct Mount Derailleurs
2) By Road Groupsets: Shimano Groupsets, SRAM Groupsets, Campagnolo Groupsets, Other Road Groupsets
3) By Suspensions: Front Suspension Forks, Rear Suspension Shock, Full Suspension Systems, Suspension Kits
4) By Wheel Sets: Carbon Fiber Wheel Sets, Aluminum Wheel Sets, Clincher Wheel Sets, Tubeless Wheel Sets
5) By Brakes: Disc Brakes, Rim Brakes, Hydraulic Brakes, Mechanical Brakes, V-Brakes
6) By Caliper Type: Dual Pivot Calipers, Side-Pull Calipers, Center-Pull Calipers
7) By Gears: Front Gears (Chainrings), Rear Gears (Cassettes), Chainsets, Derailleur Hangers
8) By Other Components: Pedals, Handlebars, Saddles, Grips, Cables And Housing, Bottom Brackets
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Which Geographic Area Leads the Bicycle Components Aftermarket Market?
North America was the largest region in the bicycle components afterMarket in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle components afterMarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Bicycle Components Aftermarket Global Market Report?
- Market Size Analysis: Analyze the Bicycle Components Aftermarket Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Bicycle Components Aftermarket Market 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 Components Aftermarket Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Bicycle Components Aftermarket Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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