Press release
Demand For Bicycles Propel Growth Of The Bicycle Component AfterMarket: A Significant Driver Propelling The Bicycle Components Aftermarket Market In 2025
Bicycle Components Aftermarket
What Is the Bicycle Components Aftermarket Market Size and Projected Growth Rate?
The bicycle components aftermarket market size has grown rapidly in recent years. It will grow from $17.48 billion in 2024 to $19.26 billion in 2025, with a CAGR of 10.2%. Factors such as surges in road cycling and gravel biking, economic recessions, high-end aftermarket upgrades, environmental concerns, and growing health awareness contribute to this increase.
The bicycle components aftermarket market is expected to grow to $28.01 billion by 2029 at a CAGR of 9.8%. The expansion is due to government policies promoting cycling, online retail growth, and the need for maintenance parts. Trends include the demand for e-bike components, eco-friendly materials, and the integration of smart technologies.
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What Are the Major 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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What Are The Driving Bicycle Components Aftermarket Market Evolution?
The increasing demand for bicycles is expected to fuel the bicycle component aftermarket. As bicycles become more popular for health, recreation, and eco-friendly transportation, the need for replacement parts and accessories is growing. The Portland Bureau of Transportation reported a 5% increase in the number of people biking in 2023. This demand is driving the growth of the bicycle component aftermarket.
Which Firms Dominate The Bicycle Components Aftermarket Market Segments?
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 Major Trends Shaping the Bicycle Components Aftermarket Market?
Companies in the bicycle component aftermarket are focusing on creating products like minimalistic LED blinkers to improve safety, aesthetics, and compliance with regulations. In November 2023, Uno Minda, an India-based manufacturer, launched customizable LED blinkers for two-wheelers. These blinkers meet regulatory standards and provide cyclists with a sleek, minimalistic design option.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bicycle Components Aftermarket Market?
2. What is the CAGR expected in the Bicycle Components Aftermarket Market?
3. What Are the Key Innovations Transforming the Bicycle Components Aftermarket Industry?
4. Which Region Is Leading the Bicycle Components Aftermarket Market?
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