Product Code: GVR-4-68040-044-9
Bicycle Accessories Market Growth & Trends:
The global bicycle accessories market size is estimated to reach USD 20.50 billion by 2030, registering to grow at a CAGR of 8.2% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is predicted to grow due to the rising popularity of cycling for leisure activities and increasing awareness about the health benefits that come with it. As a mode of transportation, bicycles are becoming a preferred option for short-distance commutes, as they are time-efficient and can help avoid traffic congestion and limited parking spaces. As a result, more people are considering bicycles as their primary transportation option. Apart from this, rising traffic on roads has made bicycle users more concerned about safety, which also helped the market grow, as the sales of protective gear, such as helmets, riding jackets, and cycling gloves, are increasing.
In addition, the accessories add up to the riding comfort. With growing concerns about the environment, health, and urban congestion, more people are turning to bicycles as a means of transportation. This increased interest in bicycling has led to a greater demand for high-quality bicycle accessories. In addition, with an increase in the number of bicyclists on the road, there is a growing concern for their safety. As a result, there is a greater demand for accessories that can increase visibility, such as lights and reflectors, as well as protective gear like helmets. Also, consumers are primarily focused on avoiding crowded places and public transportation due to the COVID-19 pandemic. Apparel is expected to emerge as the fastest-growing segment over the forecast period. Cycling apparel is designed to be comfortable and flexible, allowing cyclists to move freely and comfortably while riding.
This includes padded shorts that reduce friction and chafing, moisture-wicking fabrics that keep riders dry, and breathable materials that help regulate body temperature. These factors are expected to contribute to the product demand. Moreover, cycling shoes are predicted to garner interest in the upcoming years because they enhance a cyclist's performance by providing better power transfer between the feet and pedals, leading to more efficient pedaling and increased speed. The global industry is growing significantly as bicycle accessories manufacturers, particularly in Asia and Europe, are investing in expanding their operations.
For instance, in August 2020, Giant Manufacturing Co. Ltd. opened a new manufacturing plant for bicycle accessories & bicycle manufacturing in Gyongyos, Hungary. The new factory is expected to help the company meet the growing demand for bicycle accessories in Europe and expand its manufacturing capabilities. Asia Pacific held the largest market share in 2022. Governments of Asian countries, including Japan, China, and Singapore, are actively investing in building the necessary infrastructure to promote and facilitate bicycle commuting, which helped the market growth. The global industry is highly competitive with a mix of global and local players. The key players dominate the bike component market through various growth strategies, such as collaborations & partnerships, mergers & acquisitions, and new product launches
Bicycle Accessories Market Report Highlights:
- In the product segment, the component sub-segment dominated the market in 2024 owing to the increased significance of safety and comfort offered by bicycle components, such as high-quality brakes, pedals, mudguards, locks, and air pumps.
- The OEM segment held the largest revenue share in 2024 and is expected to grow at a steady CAGR over the forecast period as the OEM accessories are designed and manufactured by the same company that produced the bicycle, ensuring they are the same quality as the original components.
- This can provide users with peace of mind, knowing that they are purchasing accessories that are compatible with their bicycle and meet the manufacturer's quality standards.
- The online segment is expected to register the fastest CAGR over the forecast period. Online shopping offers access to a broader range of products and brands than traditional brick-and-mortar stores.
- Buyers can easily compare prices and products from numerous retailers, making it easier to find the most suitable deals and products that meet their needs.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Bicycle Accessories Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Bicycle Accessories Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Bicycle Accessories Market Product Outlook
- 4.1. Bicycle Accessories Market, By Product Analysis & Market Share, 2024 & 2030
- 4.2. Apparel
- 4.2.1. Bicycle apparel market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. Cycling Gloves
- 4.2.2.1. Cycling gloves market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.3. Cycling Clothes
- 4.2.3.1. Cycling clothes market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.4. Cycling Shoes
- 4.2.4.1. Cycling shoes market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.5. Protective gears
- 4.2.5.1. Cycling protective gears market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.6. Others
- 4.2.6.1. Other bicycle apparels market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3. Components
- 4.3.1. Bicycle components market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Saddles
- 4.3.2.1. Bicycle saddles market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.3. Pedals
- 4.3.3.1. Bicycle pedals market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.4. Lighting System
- 4.3.4.1. Bicycle lighting system market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.5. Mirrors
- 4.3.5.1. Bicycle mirrors market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.6. Water Bottle Cages
- 4.3.6.1. Bicycle water bottle cages market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.7. Lock
- 4.3.7.1. Bicycle lock market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.8. Bar Ends/Grip
- 4.3.8.1. Bicycle bar ends/grip market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.9. Kickstands
- 4.3.9.1. Bicycle kickstands market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.10. Fenders & Mud Flaps
- 4.3.10.1. Bicycle fenders & mud flaps market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.11. Air Pump & Tyre Pressure Gauge
- 4.3.11.1. Bicycle air pump & tyre pressure gauge market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.12. Others
- 4.3.12.1. Other bicycle components market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5. Bicycle Accessories Market Bicycle Outlook
- 5.1. Bicycle Accessories Market, By Bicycle Analysis & Market Share, 2024 & 2030
- 5.2. Mountain Bikes
- 5.2.1. Mountain bikes accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3. Hybrid Bikes
- 5.3.1. Hybrid bikes accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4. Road Bikes
- 5.4.1. Road bikes accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5. Cargo Bikes
- 5.5.1. Cargo bikes accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Other bikes accessories market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. Bicycle Accessories Market Type Outlook
- 6.1. Bicycle Accessories Market, By Type Analysis & Market Share, 2024 & 2030
- 6.2. OEM
- 6.2.1. OEM bicycle accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3. Aftermarket
- 6.3.1. Aftermarket bicycle accessories market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. Bicycle Accessories Market Sales Channel Outlook
- 7.1. Bicycle Accessories Market, By Sales Channel Analysis & Market Share, 2024 & 2030
- 7.2. Online
- 7.2.1. Online bicycle accessories market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3. Offline
- 7.3.1. Offline bicycle accessories market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. Bicycle Accessories Market: Regional Estimates & Trend Analysis
- 8.1. Bicycle Accessories Market Share, By Region, 2024 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.4. Australia
- 8.4.4.1. Australia Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5. South America
- 8.5.1. South America Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Bicycle Accessories Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Accell Group
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Avon Cycles Ltd.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Campagnolo S.R.L
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Garmin Ltd.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Giant Manufacturing Co. Ltd.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Merida Industry Co. Ltd.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Specialized Bicycle Components, Inc.
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Trek Bicycle Corp.
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. DT Swiss
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Lezyne
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Endura Ltd.
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. Eastman Industries
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives