What is Global Bicycle Parts and Accessories Market?
The Global Bicycle Parts and Accessories Market encompasses a wide range of components and add-ons essential for the functioning and enhancement of bicycles. This market includes everything from basic parts like tires and chains to advanced accessories such as GPS devices and specialized lighting systems. The demand for these parts and accessories is driven by various factors, including the growing popularity of cycling as a sport, a means of transportation, and a recreational activity. Additionally, the increasing awareness of health and environmental benefits associated with cycling has led to a surge in the number of cyclists worldwide, further boosting the market. The market is also influenced by technological advancements, which have led to the development of more efficient, durable, and lightweight bicycle parts and accessories. As a result, manufacturers are continuously innovating to meet the evolving needs of cyclists, thereby contributing to the growth of the Global Bicycle Parts and Accessories Market.
Transmission Parts, Frame and Forks Parts, Wheel Parts, Steering Components, Others in the Global Bicycle Parts and Accessories Market:
Transmission parts are crucial components in the Global Bicycle Parts and Accessories Market, as they are responsible for transferring power from the cyclist to the wheels. These parts include chains, derailleurs, cassettes, and cranksets. High-quality transmission parts ensure smooth gear shifting and efficient power transfer, which are essential for a comfortable and efficient ride. Frame and fork parts form the backbone of a bicycle, providing structural integrity and support. Frames are typically made from materials like aluminum, carbon fiber, or steel, each offering different benefits in terms of weight, strength, and flexibility. Forks, which connect the front wheel to the frame, play a significant role in steering and shock absorption. Wheel parts, including rims, spokes, hubs, and tires, are vital for the overall performance and safety of a bicycle. High-quality wheel parts ensure stability, durability, and smooth rolling, which are essential for both casual and competitive cycling. Steering components, such as handlebars, stems, and headsets, are responsible for controlling the direction of the bicycle. These parts must be sturdy and responsive to provide precise handling and control. Other essential parts in the Global Bicycle Parts and Accessories Market include braking systems, saddles, pedals, and suspension systems. Braking systems, including disc brakes and rim brakes, are critical for safety, allowing cyclists to stop or slow down effectively. Saddles, or seats, must be comfortable and supportive to prevent discomfort during long rides. Pedals, which come in various designs such as clipless or platform, are essential for efficient power transfer and control. Suspension systems, found on mountain bikes and some hybrid bikes, help absorb shocks and provide a smoother ride on rough terrain. In addition to these core components, the market also includes various accessories that enhance the cycling experience. These accessories range from safety gear like helmets and lights to performance-enhancing gadgets like GPS devices and power meters. Other popular accessories include water bottle holders, bike locks, and panniers for carrying cargo. The continuous innovation and development of new materials and technologies in the Global Bicycle Parts and Accessories Market ensure that cyclists have access to high-quality, reliable, and efficient components and accessories to meet their diverse needs.
in the Global Bicycle Parts and Accessories Market:
The Global Bicycle Parts and Accessories Market serves a wide range of applications, catering to different types of cyclists and their specific needs. One of the primary applications is in recreational cycling, where individuals ride bicycles for leisure, fitness, and enjoyment. Recreational cyclists often seek comfortable and durable parts and accessories that enhance their riding experience. This includes ergonomic saddles, cushioned handlebar grips, and reliable braking systems. Another significant application is in competitive cycling, which includes road racing, mountain biking, and track cycling. Competitive cyclists require high-performance parts and accessories that offer superior speed, agility, and control. Lightweight frames, aerodynamic wheels, and advanced transmission systems are essential for competitive cycling, as they help reduce weight and improve efficiency. Commuter cycling is another important application, where individuals use bicycles as a primary mode of transportation for daily commutes. Commuter cyclists prioritize practicality and reliability, seeking parts and accessories that ensure a smooth and safe ride in urban environments. This includes puncture-resistant tires, sturdy frames, and effective lighting systems for visibility. Additionally, the Global Bicycle Parts and Accessories Market caters to the needs of touring cyclists, who embark on long-distance journeys and require durable and versatile components. Touring cyclists often look for robust frames, comfortable saddles, and ample storage solutions like panniers and racks. The market also serves the needs of electric bike (e-bike) users, who require specialized parts and accessories to support the additional weight and power of the electric motor. This includes reinforced frames, powerful braking systems, and battery mounts. Furthermore, the market addresses the needs of BMX and freestyle cyclists, who perform tricks and stunts on their bikes. These cyclists require strong and durable parts that can withstand the impact of jumps and tricks, such as reinforced frames, sturdy wheels, and responsive steering components. Lastly, the Global Bicycle Parts and Accessories Market also caters to the needs of bike-sharing programs, which have gained popularity in urban areas worldwide. Bike-sharing programs require durable and low-maintenance parts and accessories to ensure the longevity and reliability of their fleet. This includes robust frames, puncture-resistant tires, and easy-to-use locking systems. Overall, the diverse applications of the Global Bicycle Parts and Accessories Market highlight the importance of high-quality and specialized components and accessories in meeting the unique needs of different types of cyclists.
Global Bicycle Parts and Accessories Market Outlook:
The global market for Bicycle Parts and Accessories was estimated to be worth US$ 2808.2 million in 2023 and is forecast to a readjusted size of US$ 4328.6 million by 2030 with a CAGR of 6.3% during the forecast period 2024-2030. The main players in the Global Bicycle Parts and Accessories Market include Shimano, SRAM, Fox Factory Holding, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA, Dorel Industries, Eastman Industries Limited, and Colnago, collectively accounting for about 80% of the market. Japan is the largest market, holding a share of over 58%. The most common product in this market is steering components, which hold a share of over 28%. In terms of distribution channels, offline sales dominate the market with a share of over 89%.
| Report Metric | Details |
| Report Name | Bicycle Parts and Accessories Market |
| Forecasted market size in 2030 | US$ 4328.6 million |
| CAGR | 6.3% |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Channel |
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| By Region |
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| By Company | Shimano, SRAM, Fox Factory Holding, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA, Dorel Industries, Eastman Industries Limited, Colnago, Ralf Bohle, BÜCHEL Group, RODI Industries, Magura, ROTOR Bike Components, Miranda Bike Parts, URSUS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
