Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Bicycle Accessories Market

The bicycle accessories market is on track for significant expansion over the coming years as cycling continues to gain popularity worldwide. Driven by innovations in technology and changing consumer preferences, this sector promises exciting developments through 2030. Below, we explore the projected growth, key players shaping the industry, emerging trends, and important market segments.

Projected Expansion of the Bicycle Accessories Market Size Through 2030
The bicycle accessories market is anticipated to experience robust growth, reaching a valuation of $22.26 billion by 2030. This represents an impressive compound annual growth rate (CAGR) of 8.1%. Several factors contribute to this upward trajectory, including the rising adoption of e-bikes, increasing smart mobility initiatives, growing demand for connected cycling accessories, expansion of online retail platforms, and a broader shift toward sustainable commuting options. Notable trends influencing the market include the proliferation of smart bicycle gadgets, an enhanced focus on safety accessories, growing segments in e-bike-specific add-ons, and the popularity of customized and lifestyle-oriented products combined with the surge in online sales.

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Key Players Leading the Bicycle Accessories Industry Landscape
The bicycle accessories market features a range of major companies with a strong presence globally. Leading names 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., and Giro.
A notable recent development occurred in September 2024 when Taiwan-based Glory Wheel Enterprise Co., Ltd. (GW), known for its premium bicycle components, acquired Spank Industries and Fratelli Industries. This strategic move aims to boost GW's global market presence, enhance its competitive edge in high-end bicycle accessories, and accelerate the international rollout of innovative products. Both acquired companies are well-regarded for their cutting-edge, performance-focused accessories and loyal customer followings.

Emerging Directions in Bicycle Accessories Market Trends
Many key players are increasingly investing in digital solutions and proprietary platforms as part of their growth strategy. These technologies include company-owned e-commerce websites or apps tailored to improve sales processes, enhance customer interaction, and broaden product accessibility.
For example, in July 2025, US-based BikeExchange launched its own e-commerce platform featuring advanced search functions, personalized product recommendations, and smooth payment systems. By utilizing data-driven insights and automating order fulfillment, the platform improves user experience, increases operational efficiency, and solidifies BikeExchange's position within the rapidly expanding online bicycle accessories market.

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Detailed Segmentation of the Global Bicycle Accessories Market
This report breaks down the bicycle accessories market into several key segments:
1) By Product Category: Apparels and Components
2) By Bicycle Type: Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, and Other Types
3) By Marketplace: Original Equipment Manufacturer (OEM) and Aftermarket
4) By Sales Channel: Offline and Online

Further subcategories include:
- Apparel: Cycling Jerseys, Shorts, Gloves, Jackets, Socks, Helmets, and Footwear
- Components: Bicycle Lights, Locks, Pumps, Fenders, Racks, Mudguards, Bottle Cages, Repair Kits, and Bike Computers

This comprehensive segmentation offers insights into product preferences and market dynamics across different cycling disciplines and retail channels.

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