What Has Been the Growth Trajectory for the Bicycle Accessories Market in Recent Years?
The bicycle accessories market has seen considerable growth due to a variety of factors.
•The market size for bicycle accessories has experienced substantial growth in the past few years. A rise from $14.25 billion in 2024 to $15.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%.
is expected. The growth recorded in the historical period is due to a surge in cycling enthusiasts, shifts in urbanization and commuting patterns, cycling events and competitions, customization and personalization, and the impact of professional cycling.
How Does the Forecast Look for the Bicycle Accessories Market?
The bicycle accessories market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations suggest a robust expansion in the bicycle accessories market in the coming years, with the market size projected to balloon to $20.9 billion by 2029, registering a compound annual growth rate (CAGR) of 8.0%.
This surge during the forecast period can be credited to the escalating uptake of micromobility solutions, the amalgamation of health and fitness, artificial intelligence integration, a transition towards electric bikes, and an increased affinity for sustainable and eco-friendly products. Significant tendencies during this forecast period comprise the adoption of wireless technology, commitment to lightweight and compact structures, chic designs, smart navigation features and support, and the embracing of aerodynamic accessories.
What Are the Critical Driver Fuelling the Bicycle Accessories Market's Growth?
The advancement of the bicycle accessories market is forecasted to be driven by a surge in e-bike sales. An electric bicycle, a bike equipped with a motor to assist in propulsion, and the various accessories like helmets, batteries, front and rear lamps, and alloy pedals greatly enhance the bicycling experience. A report from Rize Bikes, a reputable e-bike manufacturer from Canada, revealed that in January 2024, the valuation of the U.S. e-bike market stood at $800 million and is estimated to climb to $1.2 billion by 2025. Thus, the growth in e-bike sales bolsters the bicycle accessories market.
How Is the Bicycle Accessories Market segmented?
The bicycle accessories market covered in this report is segmented –
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), After market
4) By Sale Channel: Offline, Online
Subsegments:
1) By Apparel: Cycling Jerseys, Cycling Shorts, Gloves, Jackets, Socks, Helmets, Footwear
2) By Components: Bicycle Lights, Locks, Pumps, Fenders, Racks, Mudguards, Bottle Cages, Repair Kits, Bike Computers
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What New Trends Are Influencing the Bicycle Accessories Market?
Major establishments in the bicycle accessories market are forging strategic partnerships to produce eBikes and create electric-powered two-wheel systems. These strategic partnerships entail companies combining their resources and strengths to gain mutual benefits and achieve success. For example, Porsche eBike Performance GmbH, a German bicycle manufacturing company, disclosed a partnership with Ponooc Investment B.V., an independent venture capital company based in the Netherlands, in August 2022. The partnership with Porsche-Ponooc will be managed by a fresh leadership team. Porsche identifies significant potential in the e-bike sector and thus the continual growth in their activities in this market. Porsche eBike Performance GmbH will develop and produce highly potent eBike drive systems under the Porsche brand, along with smaller drive systems from Fazua. Moving forward, both types of products will be sold worldwide to e-bike manufacturers, having the newly established collaboration serving as a tech partner. The said electric-drive systems will be utilized in Porsche eBikes as well as in other manufacturers' products.
Who Are the Key Players in the Bicycle Accessories Market?
Major companies operating in the bicycle accessories market include:
• Continental AG
• Garmin Ltd.
• Shimano Inc.
• Giant Manufacturing Co. Ltd.
• Trek Bicycle Corp.
• Fox Factory Inc.
• Accell Group N.V.
• Merida Industry Co. Ltd.
• Thule Group AB
• ABUS August Bremicker Söhne KG
• SRAM LLC
• Specialized Bicycle Components Inc.
• DT Swiss
• Campagnolo S.R.L
• Samchuly Bicycle Co. Ltd.
• Scott Sports SA
• Endura Ltd.
• Cannondale Bicycle Corporation
• Mavic SAS
• Eastman Industries Ltd.
• Blackburn Design
• Sigma Sport
• Selle Italia S.p.A.
• Avon Cycles Ltd.
• Park Tool Company
• Lezyne USA Inc
• BBB Cycling
• Cateye Co. Ltd.
• Topeak Inc.
• Giro
What Is The Most Dominant Region In The Bicycle Accessories Market?
Asia-Pacific was the largest region in the bicycle accessories market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
