The Business Research Company’s Bicycle Accessories Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Bicycle Accessories Global Market Report 2023 evaluates bicycle accessories market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global bicycle accessories market is expected to grow from $12.26 billion in 2022 to $13.30 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bicycle accessories market is expected to reach $17.94 billion in 2027 at a CAGR of 7.8%.
An increase in e-bike sales is expected to propel the growth of the bicycle accessories market going forward. An electric bicycle refers to a motorized bicycle, with an electric motor used to assist propulsion. Bicycle accessories assist the rider in riding a bicycle by providing various accessories such as a helmet, battery, front lamp, rear lamp, front lamp, and alloy pedals. For instance, according to CONEBI (The European Association of the Bicycle, E-Bike, and Parts & Accessories Industries), a Belgium-based association, sales of e-bikes in the UK and Europe rose by 12% in 2021 compared to 2020. Therefore, an increase in e-bike sales drives the bicycle accessories market.
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The bicycle accessories market segments in the report are:
1) By Product: Apparels, Components
2) Bicycle Type: Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Other Bicycle Types
3) By Marketplace: Original Equipment Manufacturer (OEM), Aftermarket
Major Players
- Continental AG
- Garmin Ltd.
- Shimano Inc.
- Giant Manufacturing Co. Ltd.
- Trek Bicycle Corp
The table of contents in TBRC’s bicycle accessories market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Market – Macro Economic Scenario
5. Market Size And Growth
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32. Market Competitive Benchmarking
33. Market Competitive Dashboard
34. Key Mergers And Acquisitions
35. Future Outlook and Potential Analysis
36. Appendix
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