Bicycle Components Aftermarket Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

What market dynamics are playing a key role in accelerating the growth of the bicycle components aftermarket market?
The growth of the bicycle component aftermarket is expected to be fueled by the rising demand for bicycles. Bicycles are manually propelled, eco-friendly vehicles with two inline wheels that are pedal-driven. The surge in their demand owes to the growing awareness of health benefits they offer, their role as sustainable modes of transportation, and their use for entertainment activities. The aftermarket for bicycle components provides parts and accessories replacements that help in maintaining and amplifying the bikes' performance, as well as extending their usability period. For example, a report from the Portland Bureau of Transportation, a transportation department based in Portland, revealed in May 2024 that the number of cyclists had increased by 5% in 2023 when compared to 2022, noting a 4.8% jump from 2021. As a result, the rising bicycle demand is spurring the growth of the bicycle component aftermarket.

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How will the growth rate of the bicycle components aftermarket market shape industry trends by 2034?
In recent times, the aftermarket market for bicycle components has seen a swift expansion. The market size, which was $17.48 billion in 2024, is projected to increase to $19.26 billion in 2025, equating to a compound annual growth rate (CAGR) of 10.2%. The driving factors for this historical growth include a rise in road cycling and gravel biking, economic downturns, enhanced expenditure on luxury aftermarket enhancements, escalating worries about the environment, and an increasing consciousness about health and fitness.

Anticipated to witness robust expansion in the forthcoming years, the bicycle components aftermarket arena is projected to escalate to a whopping $28.01 billion by 2029, with a compound annual growth rate of 9.8%. This significant surge during the predicted period can be ascribed to various driving factors such as; pro-cycling government policies, burgeoning online retail platforms, the necessity for upkeep and replacing components of antiquated bicycles, a rising fascination toward personalising bicycles and stringent safety norms and mandates necessitating routine upgrades and replacements. The forecast period is likely to witness prominent trends such as; heightened demand for e-bike elements, environment-friendly materials, refurbishment and reuse, the incorporation of intelligent technology, utilization of sophisticated materials, enhancement of performance and a shift towards standardization.

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What trends are poised to drive the future success of the bicycle components aftermarket market?
Key players in the bicycle component aftermarket are centering their efforts on the creation of innovative goods, including LED blinkers featuring minimalist color, aiming to boost compliance with regulatory standards, safety, and visual appeal for cyclists. The term 'minimalist color in LED blinkers' is usually associated with uncomplicated, often single-tone, color patterns that highlight a clean and uncluttered layout. Within LED blinkers, this often involves using only one solid color like amber, white, or red. For example, in November 2023, Uno Minda, a manufacturer of automotive components based in India, introduced a new series of LED blinkers for two-wheelers in the aftermarket. This proposal involves customizing LED blinkers to fit personal preferences, whether it's a clean, minimalist style or a more decorative design. These blinkers are in line with regulatory standards and traffic rules, giving cyclists the assurance that their use is lawful and safe.

Which primary segments of the bicycle components aftermarket market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.

Who are the influential players reshaping the bicycle components aftermarket market landscape?
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

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What Is Covered In The Bicycle Components Aftermarket Global Market Report?

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

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