Transformative Trends Impacting the Bicycle Accessories Market Landscape: Strategic Partnerships Fueling Innovation In The Bicycle Accessories Market

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How Large Will the Bicycle Accessories Market Size By 2025?
The market size for bicycle accessories has seen significant growth in the past few years. This market is set to expand from $14.25 billion in 2024 to $15.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%. This growth during the historic period can be traced back to an increase in cycling enthusiasts, urbanization and commuting patterns, cycling competitions and events, customization and personalization trends, and the impact of professional biking.

How Big Is the Bicycle Accessories Market Size Expected to Grow by 2029?
In the next couple of years, the bike accessories industry is anticipated to witness substantial growth, escalating to $20.9 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The increase during this projection period can be traced back to the advent of micromobility solutions, an emphasis on health and fitness, artificial intelligence incorporation, a movement toward electric cycles, as well as sustainable and eco-friendly items. Some of the key trends during the prognostication period are the incorporation of wireless technology, a preference for light and compact designs, trendy aesthetics, intelligent navigation and support, coupled with the adoption of aerodynamic accessories.

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Which Key Market Drivers Powering Bicycle Accessories Market Expansion and Growth?
The predicted surge in sales of e-bikes is poised to energize the bicycle accessories market's acceleration. Electric bicycles, which are essentially bicycles equipped with an electric motor to facilitate propulsion, necessitate various bicycle accessories. These accessories, including helmets, batteries, front lamps, rear lamps, extra front lamps and alloy pedals, are intended to enhance the comfort, safety and efficiency of riders. In the context of this, a report from Rize Bikes, a prestigious e-bike maker based in Canada, from January 2024 stated that the U.S. e-bike market was valued at $800 million. Furthermore, the market is forecasted to yield a value of $1.2 billion by 2025. As a result, the surge in e-bike sales is fueling the growth of the bicycle accessories market.

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Which Fast-Growing Trends Are Poised to Disrupt the Bicycle Accessories Market?
In the bicycle accessories market, key players have been employing strategic collaborations to produce eBikes as well as evolve electric-powered twowheeler mechanisms. This approach involves companies tapping into each other's capabilities and resources in order to achieve joint success and advantages. As an example, Porsche eBike Performance GmbH, based in Germany and known for its bicycle production, allied with Ponooc Investment B.V., an independent venture capital firm established in the Netherlands, in August 2022. The joint-venture between Porsche and Ponooc is set to be guided by a new management team. With the e-bike division showing great potential, Porsche's involvement in this segment is accelerating. The company's subsidiary, Porsche eBike Performance GmbH, is set to create and build significantly efficient eBike propulsion systems under the Porsche brand label, in addition to more compact ones sourced from Fazua. Both categories of products will be promoted globally to e-bike manufacturers in the future, the newly-established partnership functioning as a technology partner. The electric propulsion systems will be utilised in Porsche eBikes as well as by other manufacturers.

What Are the Emerging Segments in the Bicycle Accessories Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Bicycle Accessories Industry?
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.

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