Global Bicycle Accessories Market Report Size, Trends & Growth Opportunity, By Bicycle Type (Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Others), By Product (Helmets, Gloves & Warmers, Jerseys/Tees, LED Lights, Mirrors, Bottle Cages, Pumps (Hand & Foot), Bar Ends/Grips, Kickstands, Saddles & Covers, Mud Flaps, Speedometers, Horns, Fenders), By Sales Channel (Offline, Online), By Region And Forecast Till 2027.
Global Bicycle Accessories Market
The Global Bicycle Accessories Market is estimated to be USD 11.77 Mn in 2021 and is projected to reach USD 18.89 Mn by 2027, growing at a CAGR of 6.49%.
A vehicle that can be physically powered, peddle-drive, motor-powered with two wheels that are attached to the frame, one behind the other is a bicycle.
Market Drivers
The major driving factor for Global Bicycle Accessories Market is the growing demand for bicycles worldwide, coupled with the increasing popularity of cycling as a mode of transportation and recreation. In addition, medical experts advise cycling as one of the most vital activities for maintaining health and fitness.
Health and fitness trends and growing environmental concerns are also propelling market growth. The bicycle has been considered a more feasible transportation substitute over fuel-powered vehicles with the increase in oil prices.
Market Restraints
One of the important restraining factors for the growth of the market is the varied availability of alternative traveling choices and unfavorable weather conditions for cycling.
Market Segmentation
The bicycle Accessories Market is segmented into major 4 categories. Based on Bicycle Type, the market is segmented into Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, and Others. Based on Sales Channels, the market is divided into Offline, and online. Based on Product, the market is segmented into Helmets, Gloves & Warmers, Jerseys/Tees, LED Lights, Mirrors, Bottle Cages, Pumps (Hand & Foot), Bar Ends/Grips, Kickstands, Saddles & Covers, Mud Flaps, Speedometers, Horns, Fenders.
Regional Analysis
Asia Pacific dominated the global Bicycle Accessories market owing to the region’s large population, which translates into a substantial customer base for bicycles and accessories. Also, quick urbanization which is leading the demand for sustainable transportation options is, boosting the region’s market growth.
Europe is likely to observe the highest growth over the forecast period due to its well-established cycling culture, which has led to a higher demand for high-performance accessories that cater to the needs of cycling enthusiasts. Furthermore, the growing popularity of e-bikes in the region has led to increasing demand for accessories that cater to the needs of e-bike users, like batteries, chargers, and motor components.
Market Key Players
Some of the key players operating in the Global Bicycle Accessories Market are Accel Group, Avon Cycles Ltd, Campagnolo S.R.L, Garmin Ltd., Shimano Inc, Giant Manufacturing Co. Ltd, Merida Industry Co. Ltd., Samchuly Bicycle Co. Ltd, Endura Ltd, Continental AG.
Industry development
The 2019 debut of a revolutionary e-bike by the Belgian company Cowboy included characteristics including road-style geometry, internal cabling, a small removable battery pack, and others. The cowboy electric bicycle also lacks a power button, a throttle, and gears, in contrast to other electric bicycles.
Market Taxonomy
By Bicycle Type
• Mountain Bikes
• Hybrid Bikes
• Road Bikes
• Cargo Bikes
• Others
By Product
• Helmets
• Gloves
• Warmers
• Jerseys/Tees
• LED Lights
• Mirrors
• Bottle Cages
• Pumps
• Hand & Foot
• Bar Ends/Grips
• Kickstands
• Saddles & Covers
• Mud Flaps
• Speedometers
• Horns
• Fenders
By Sales Channel
• Offline
• Online
Global Bicycle Accessories Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Bicycle Accessories Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Bicycle Accessories Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Bicycle Accessories Market Share Analysis, By Product
5.3 Bicycle Accessories Market Size and Forecast, By Product
5.3.1 Helmets
5.3.2 Gloves & Warmers
5.3.3 Jerseys/Tees
5.3.4 LED Lights
5.3.5 Mirrors
5.3.6 Bottle Cages
5.3.7 Pumps (Hand & Foot)
5.3.8 Bar Ends/Grips
5.3.9 Kickstands
5.3.10 Saddles & Covers
5.3.11 Mud Flaps
5.3.12 Speedometers
5.3.13 Horns
5.3.14 Fenders
6 Bicycle Accessories Market, By Bicycle Type
6.1 Y-o-Y Growth Comparison, By Bicycle Type
6.2 Bicycle Accessories Market Share Analysis, By Bicycle Type
6.3 Bicycle Accessories Market Size and Forecast, By Bicycle Type
6.3.1 Mountain Bikes
6.3.2 Hybrid Bikes
6.3.3 Road Bikes
6.3.4 Cargo Bikes
6.3.5 Others
7 Bicycle Accessories Market, By Sales Channel
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Bicycle Accessories Market Share Analysis, By Sales Channel
7.3 Bicycle Accessories Market Size and Forecast, By Sales Channel
7.3.1 Offline
7.3.2 Online
8 Bicycle Accessories Market, By Region
8.1 Bicycle Accessories Market Share Analysis, By Region
8.2 Bicycle Accessories Market Share Analysis, By Region
8.3 Bicycle Accessories Market Size and Forecast, By Region
9 North America Bicycle Accessories Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Bicycle Accessories Market Share Analysis, By Product
9.3 North America Bicycle Accessories Market Size and Forecast, By Bicycle Type
9.4 North America Bicycle Accessories Market Size and Forecast, By Sales Channel
9.5 North America Bicycle Accessories Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Bicycle Accessories Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Bicycle Accessories Market Share Analysis, By Product
10.3 Europe Bicycle Accessories Market Size and Forecast, By Bicycle Type
10.4 Europe Bicycle Accessories Market Size and Forecast, By Sales Channel
10.5 Europe Bicycle Accessories Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Bicycle Accessories Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Bicycle Accessories Market Share Analysis, By Product
11.3 Asia Pacific Bicycle Accessories Market Size and Forecast, By Bicycle Type
11.4 Asia Pacific Bicycle Accessories Market Size and Forecast, By Sales Channel
11.5 Asia Pacific Bicycle Accessories Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Bicycle Accessories Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Bicycle Accessories Market Share Analysis, By Product
12.3 Latin America Bicycle Accessories Market Size and Forecast, By Bicycle Type
12.4 Latin America Bicycle Accessories Market Size and Forecast, By Sales Channel
12.4 Latin America Bicycle Accessories Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Bicycle Accessories Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Bicycle Accessories Market Share Analysis, By Product
13.3 Middle East Bicycle Accessories Market Size and Forecast, By Bicycle Type
13.4 Middle East Bicycle Accessories Market Size and Forecast, By Sales Channel
13.5 Middle East Bicycle Accessories Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Accel Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Avon Cycles Ltd
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Campagnolo S.R.L
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Garmin Ltd.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Shimano Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Giant Manufacturing Co. Ltd
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Merida Industry Co. Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Samchuly Bicycle Co. Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Endura Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Continental AG
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
