Bicycle Accessories Market Size, Growth, Trends | Report 2023-2032
The global bicycle accessories market was surpassed at USD 11.46 billion in 2022 and is expected to hit around USD 24.35 billion by 2032, growing at a CAGR of 7.83% from 2023 to 2032.
Key Pointers
Report Scope of the Bicycle Accessories Market
| Report Coverage | Details |
| Market Size in 2022 | USD 11.46 billion |
| Revenue Forecast by 2032 | USD 24.35 billion |
| Growth rate from 2023 to 2032 | CAGR of 7.83% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Accell Group; Avon Cycles Ltd.; Campagnolo S.R.L; Garmin Ltd.; Giant Manufacturing Co. Ltd.; Merida Industry Co. Ltd.; Specialized Bicycle Components, Inc.; Trek Bicycle Corp.; DT Swiss; Lezyne; Endura Ltd.; Eastman Industries |
The market growth can be attributed to factors, such as health and fitness trends and increasing environmental concerns. As more people take up cycling for transportation, exercise, or leisure, the demand for bicycle accessories has also increased. From helmets, lights, and locks to bags, mirrors, water bottle cages, and pedals, bike accessories are crucial in enhancing the safety, comfort, and functionality of bicycles and cyclists. With the emergence of e-bikes and the growing popularity of cycling among younger generations, the industry is expected to continue its growth in the coming years.
Increase in e-bike sales: E-bikes or electric bikes, have also contributed to the growth of the market. As more people switch to e-bikes for their daily commutes or leisure rides, there is an increasing demand for accessories, such as mounts, integrated lighting, and horn systems, as they help increase the rider’s safety. For example, bicycle lights help cyclists be seen by other road users, especially in low-light conditions or when riding at night. This can be especially important on roads with heavy traffic, where motorists may have difficulty spotting cyclists. In addition, cyclists can reduce the risk of an accident by making themselves more visible by installing appropriate lighting systems.
The high volume of traffic and resulting congestion, coupled with concerns for rider safety and the increasing popularity of cycling, have contributed to a surge in the adoption of bicycle accessories. Other factors driving industry growth include rising interest in cycling sports, growing demand for sports and mountain bikes, and increasing sales of electric bicycles (e-bikes) in emerging markets. As a result, accessories, such as speedometers, mudguards, handlebar grips, LED lights, gloves, helmets, mirrors, and other related products have experienced a rise in demand, leading to projections of rapid expansion in the market.
The COVID-19 pandemic has had a significant impact on the industry. There has been a surge in demand for bicycles and cycling-related products, including accessories. This has been driven by several factors, such as the need for safe and socially distant transportation options, the closure of gyms and other fitness facilities, and an increased interest in outdoor activities. On the other hand, the factory closures and disruption in the supply chain of components & systems, along with an exponential spike in online bike orders during the peak of the COVID-19 pandemic, have contributed to the supply chain challenges.
The pandemic has disrupted supply chains and manufacturing processes for numerous bicycle manufacturers, leading to product shortages and delays in fulfilling orders. In addition, economic uncertainty and job losses have affected consumer spending, leading some to prioritize essential purchases over discretionary items like bicycle parts and accessories. Thus, overall, the impact of COVID-19 on the bicycle accessories market has been complex and multifaceted. While the demand for cycling-related products has increased, businesses have had to navigate supply chain disruptions and shifts in consumer behavior.
Bicycle Accessories Market Segmentations:
By Product
By Bicycle Type
By Type
By Sales Channel
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Bicycle Accessories Market
5.1. COVID-19 Landscape: Bicycle Accessories Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Bicycle Accessories Market, By Product
8.1. Bicycle Accessories Market, by Product, 2023-2032
8.1.1. Apparels
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Components
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Bicycle Accessories Market, By Bicycle Type
9.1. Bicycle Accessories Market, by Bicycle Type, 2023-2032
9.1.1. Mountain Bikes
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Hybrid Bikes
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Road Bikes
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Cargo Bikes
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Bicycle Accessories Market, By Type
10.1. Bicycle Accessories Market, by Type, 2023-2032
10.1.1. OEM
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Aftermarket
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Bicycle Accessories Market, By Sales Channel
11.1. Bicycle Accessories Market, by Sales Channel, 2023-2032
11.1.1. Offline
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Online
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Bicycle Accessories Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.1.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.2.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.3.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.4.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Bicycle Type (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Sales Channel (2020-2032)
Chapter 13. Company Profiles
13.1. Accell Group
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Avon Cycles Ltd.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Campagnolo S.R.L
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Garmin Ltd.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Giant Manufacturing Co. Ltd.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Merida Industry Co. Ltd.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Specialized Bicycle Components, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Trek Bicycle Corp.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. DT Swiss
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Lezyne
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers