Bicycle Components Aftermarket Industry Expected to Reach $26.66 Billion by 2029 at 8.8% CAGR

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Bicycle Components Aftermarket Market Value Projection: How Much Will the Market Size by 2025?
The aftermarket bicycle parts industry has experienced robust growth in the past years. The market, which was valued at $17.48 billion in 2024, is projected to reach a worth of $19.02 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 8.8%. The expansions witnessed during the historic period were propelled by factors like growing interests in road cycling and gravel biking, economic downturns, escalated expenditure on elite aftermarket improvements, escalating environmental apprehensions, and heightened consciousness of health and fitness.

What Will Be the Market Growth Forecat for Bicycle Components Aftermarket in 2029?
The market for aftermarket bicycle components is anticipated to witness significant growth in the forthcoming years, expanding to a market size of $26.66 billion by 2029. This implies a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this predicted growth during the forecast period range from governmental initiatives encouraging cycling, the surge of online retail platforms, the necessity for upkeep and substituting parts for aged bicycles, to rising interest in bicycle customization, in addition to safety rules and standards necessitating regular upgrades and replacements. The forecast period is also likely to see key trends such as amplified demand for e-bike parts, environment-friendly materials, refurbishment and reusing existing components, the integration of innovative technology, use of advanced materials for performance improvement, and a shift towards standardization.

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What Are the Core Competitive Drivers in the Bicycle Components Aftermarket Industry?
Going forward, the bicycle component aftermarket is projected to expand due to a rise in the demand for bikes. Bikes are manually-operated vehicles with wheels aligned in a straight line which are powered by pedals. The bicycle demand surge can be attributed to increasing health benefit awareness, the need for green and sustainable transportation modes, and their growing use for leisure activities. The bicycle component aftermarket caters to the needs of cyclists by providing replacement parts and accessories to improve and prolong the life of their bikes. For example, a report by the Portland Bureau of Transportation, a department of transportation based in Portland, declared in May 2024 that the number of cyclists shot up by 5% in 2023 in contrast to 2022, and saw a 4.8% uptick from 2021. Consequently, the growth of the bicycle component aftermarket is being propelled by the surge in demand for bicycles.

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Which Bicycle Components Aftermarket Market Segment Is Projected to See the Fastest Growth?
The bicycle components after market 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

Which Trends Are Opening New Opportunities in the Bicycle Components Aftermarket Market?
Leading companies in the bicycle component afterMarket are now focusing on creating innovative products like LED blinkers with a minimalistic color scheme to boost cyclist safety, aesthetics, and adherence to regulatory standards. Minimalistic color in LED blinkers signifies the use of simple, often monochromatic, color patterns that promote a clean and uncluttered design. With LED blinkers, this usually entails the use of single, solid colors like white, amber, or red. As an example, Uno Minda, a car component manufacturer based in India, unveiled a new line of LED blinkers for two-wheelers in the aftermarket in November 2023. These LED blinkers, customizable to individual tastes, whether for a trim, minimalist look or a more ornate design, have been created to satisfy regulatory standards and traffic regulations compliance thus allowing riders to use them legally and with assured safety.

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Who Are the Leaders 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 Regional Bicycle Components Aftermarket Markets Offer the Greatest Growth Potential?
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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