Impact Of Electric Bikes On The Bicycle Component Market: A Key Driver Powering Bicycle Components Market Growth In 2025

The Bicycle Components Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Bicycle Components Market Size and Its Estimated Growth Rate?
The bicycle components market size has grown strongly in recent years. It will rise from $12.71 billion in 2024 to $13.69 billion in 2025, with a CAGR of 7.7%. This growth is driven by increasing urbanization, health-consciousness, popularity of cycling as a sport, environmental awareness, bike-sharing expansion, and rising fuel costs.

The bicycle components market is set to reach $18.28 billion by 2029 at a CAGR of 7.5%. Key growth factors include rising health consciousness, urbanization, the demand for e-bikes, and cycling infrastructure expansion. Trends include advancements in materials, electronic shifting systems, smart technology, and braking systems.

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How Are Emerging Segments Shaping the Bicycle Components Market Landscape?
The bicycle components market covered in this report is segmented -

1) By Component: Frames, Saddles, Rims, Brakes, Pedals
2) By Bicycle: Mountain, Hybrid Or Cross, Road, Comfort, Youth, Cruiser, Electric
3) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket

Subsegments:
1) By Frames: Aluminum Frames, Carbon Fiber Frames, Steel Frames, Titanium Frames, Plastic Or Composite Frames
2) By Saddles: Gel Saddles, Foam Saddles, Leather Saddles, Padded Saddles, Racing Saddles, Comfort Saddles
3) By Rims: Alloy Rims, Carbon Fiber Rims, Stainless Steel Rims, Disc Brake-Compatible Rims, Tubeless Rims
4) By Brakes: Disc Brakes (Hydraulic, Mechanical), Rim Brakes (Caliper, V-Brakes), Drum Brakes, Coaster Brakes, Hydraulic Brakes
5) By Pedals: Clipless Pedals, Platform Pedals, Toe-Clip Pedals, Bmx Pedals, Mountain Bike Pedals, Road Bike Pedals

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Which Growth Factors Are Influencing Bicycle Components Market Expansion?
The rise in electric bicycle sales is expected to drive the bicycle component market. Electric bikes, combining bicycles with motors to assist in propulsion, are growing in popularity. In December 2023, the Office of Energy Efficiency and Renewable Energy reported that U.S. e-bike sales reached 1.1 million units in 2022. The rise in electric bike sales is boosting the demand for bicycle components.

Who Are the Dominant Players Across Different Bicycle Components Market Segments?
Major companies operating in the bicycle components market are Trek Bicycle Corporation, SRAM LLC, Merida Industry Co. Ltd., Accell Group, Specialized Bicycle Components Inc., DT Swiss, Cycling Sports Group Inc., Campagnolo S.r.l., Hero Cycles, Mavic, Hayes Bicycle, Avon Cycle, Chris King Precision Components, Cane Creek Cycling Components, Rohloff AG, Look Cycle, Marin Bikes, Magura, Tektro Technology Corporation, PROLOGO, KMC Chain, Praxis Works, RockShox Inc.

What Trends Are Driving Growth in The Bicycle Components Market?
Companies in the bicycle components market are advancing electronic shifting systems, particularly wireless shifters, to improve gear shifting accuracy and performance. In May 2024, Shimano Inc. from Japan launched the GRX Di2, a 2x12-speed electronic shifting system with wireless shifters, designed for gravel bikes. It provides precise shifting and is compatible with other Shimano components for reliable performance.

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Which Geographic Regions Are Expected to Dominate the Bicycle Components Market in the Coming Years?
North America was the largest region in the bicycle component market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle components market 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 Market?
2. What is the CAGR expected in the Bicycle Components Market?
3. What Are the Key Innovations Transforming the Bicycle Components Industry?
4. Which Region Is Leading the Bicycle Components Market?

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