Bicycle Accessories Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

How Are the key drivers contributing to the expansion of the bicycle accessories market?
The growth of the bicycle accessories market is likely to be driven by a surge in e-bike sales. Electric bicycles, which use an electric motor to aid propulsion, necessitate various accessories such as helmets, batteries, front and rear lamps, and alloy pedals to enhance the rider's experience. A report from Rize Bikes, a noteworthy Canadian e-bike manufacturer, revealed in January 2024 that the U.S. e-bike market had a value of $800 million and is forecasted to increase to $1.2 billion by 2025. As such, the bicycle accessories market is fuelled by the rise in e-bike sales.

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What growth opportunities are expected to drive the bicycle accessories market's CAGR through 2034?
In recent times, the market size for bicycle accessories has witnessed robust growth. It's predicted to escalate from a value of $14.25 billion in 2024 to about $15.37 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.8%. Factors that contributed to this growth in the previous period include an increase in the bicycling enthusiast population, trends in urbanization and commuting, proliferation of cycling events and competitions, customization and personalization choices, along with the sway of professional cycling.

In the ensuing years, the bicycle accessories market is projected to witness robust expansion. The market is estimated to attain a value of $20.9 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%. The anticipated surge during the forecast period can be linked to the proliferation of micromobility solutions, incorporation of health and fitness aspects, the application of artificial intelligence, the transition to electric bikes, along with sustainable and eco-conscious products. The forecast period will see significant trends such as the incorporation of wireless technology, emphasis on lightweight and compact designs, trendy aesthetics, intelligent navigation and assistance, and the preference for aerodynamic accessories.

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What are the emerging trends shaping the future of the bicycle accessories market?
Leading organizations in the bicycle accessories market are embracing strategic collaborations to produce eBikes and establish electric-drive systems for two-wheelers. Such partnerships allow firms to exploit each other's strengths and resources to attain mutual gains and success. August 2022 saw Germany's Porsche eBike Performance GmbH, a bicycle manufacturing company, collaborate with Ponooc Investment B.V., an independent venture capitalist firm based in the Netherlands. Under new leadership, the partnership between Porsche and Ponooc will focus on the increasingly promising sector of e-bikes. Porsche eBike Performance GmbH intends to create particularly robust eBike drive systems under the Porsche brand, as well as smaller drive systems sourced from Fazua. Both these product lines will be marketed to e-bike manufacturers around the world, with the recently established joint venture taking the role of a technological ally. These electric drive systems will be fitted not only in Porsche eBikes but will also feature in the products of other manufacturers.

Which growth-oriented segments of the bicycle accessories market are leading the industry's development?
The bicycle accessories market covered in this report 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), After market
4) By Sale Channel: Offline, Online

Subsegments:
1) By Apparel: Cycling Jerseys, Cycling Shorts, Gloves, Jackets, Socks, Helmets, Footwear
2) By Components: Bicycle Lights, Locks, Pumps, Fenders, Racks, Mudguards, Bottle Cages, Repair Kits, Bike Computers

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What regions are leading the charge in the bicycle accessories 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, Africa.

What companies are at the forefront of innovation in the bicycle accessories market?
Major companies operating in the bicycle accessories market include 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

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What Is Covered In The Bicycle Accessories Global Market Report?

• Market Size Forecast: Examine the bicycle accessories market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the bicycle accessories market for a structured understanding.
• Key Players Overview: Analyze major players in the bicycle accessories market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bicycle accessories market.
• Segment Contributions: Evaluate how different segments drive overall growth in the bicycle accessories market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bicycle accessories market.
• Industry Challenges: Identify potential risks and obstacles affecting the bicycle accessories market.
• Competitive Landscape: Review strategic developments in the bicycle accessories market, including expansions, agreements, and new product launches.

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