Top Market Shifts Transforming the Bicycle Components Aftermarket Market Landscape: Key Insights

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What Is the Expected CAGR for the Bicycle Components Aftermarket Market Through 2025?
In recent times, there has been a significant enlargement of the bicycle components aftermarket market. The growth is predicted to go from $17.48 billion in 2024 to $19.26 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. Factors contributing to this expansion during the historic period involve a rise in road cycling and gravel biking, economic downturns, amplified expenditure on upscale aftermarket enhancements, escalating environmental issues, and heightened consciousness about health and fitness.

What's the Projected Size of the Global Bicycle Components Aftermarket Market by 2029?
In the coming years, the bicycle components aftermarket market is predicted to experience robust growth, reaching $28.01 billion in 2029 with a CAGR of 9.8%. The predicted growth within the forecast period can be credited to many factors including government initiatives advocating for cycling, the growth of online retail platforms, the necessity of maintaining and swapping parts for old bicycles, a rising interest in bicycle customization, and safety rules and standards necessitating regular renewals and replacements. Upcoming trends for this forecast period encompass a rising demand for e-bike parts, environmentally friendly materials, reconditioning, and recirculation, the inclusion of intelligent technology, the application of sophisticated materials, performance improvement, and a shift towards standardization.

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Top Growth Drivers in the Bicycle Components Aftermarket Industry: What's Accelerating the Market?
The bicycle component aftermarket's growth is likely to be driven by the surging demand for bicycles. Typically pedal-driven, a bicycle is a manually powered two-wheeled vehicle aligned linearly. The spike in bicycle demand is being fuelled by the growing recognition of their health benefits, the desire for sustainable and environmentally friendly means of transport, and their use for recreational activities. The bicycle component aftermarket is the source of replacement parts and accessories, which help bike riders keep their bicycles in optimum condition and extend their longevity. For instance, a Portland Bureau of Transportation report from May 2024 revealed that the number of cycling enthusiasts swelled by 5% in 2023 compared to 2022, and there was a 4.8% rise from 2021. As such, the escalating demand for bicycles is acting as a catalyst for the seasonal bicycle component aftermarket's growth.

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What Trends Will Shape the Bicycle Components Aftermarket Market Through 2029 and Beyond?
Big names in the bicycle component aftermarket are putting their innovative hats on to design new products, such as LED blinkers in a simple color scheme, aiming to achieve improved safety, aesthetic appeal, and adherence to regulatory guidelines for bike riders. Minimalistic color in LED blinkers denotes uncomplicated and often single-toned color aesthetics promoting a neat and less cluttered appearance. When it comes to LED blinkers, this typically means the use of solid, single colors like white, amber, or red. For instance, in November 2023, Uno Minda, an Indian automotive component production company, introduced a fresh assortment of LED blinkers for two-wheelers in the aftermarket. These blinkers provide customization options and can be designed to satisfy individual tastes, whether one favours a stylish, simple look or a more detailed design. These blinkers are structured to adhere to regulatory requirements and abide by traffic rules, securing bike riders' confidence and lawful usage.

What Are the Main 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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Which Top Companies are Driving Growth in the Bicycle Components Aftermarket Market?
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

Which Regions Will Dominate the Bicycle Components Aftermarket Market Through 2029?
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.

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