Bicycle Components and Accessories Market Size to Reach US$ 33 Billion In Revenues by 2030 | Shimano, Giant Bicycles, SRAM, DT Swiss, Tektro, Campagnolo | New Market Study by RationalStat
The global Bicycle Components and Accessories market is expected to reach US$ 33.1 billion by 2030, with an annual growth rate of more than 20%
Wilmington, Oct. 26, 2023 (GLOBE NEWSWIRE) -- According to *RationalStat**’s* most recent industry analysis, the *Global Bicycle Components and Accessories Market* value is *US$ 21.3 billion in 2023* and is expected to rise at a strong *CAGR of over 20%* over the forecast period of 2023-2030.
*Market Definition, Market Scope, and Report Overview *
The many parts, attachments, and gear that cyclists use to improve the operation, safety, and performance of their bicycles are referred to as bicycle components and accessories. These components and accessories might range from necessary components like brakes and gears to optional extras such as lights, locks, and water bottle holders.
As riding remains a popular and practical alternative for people all over the world, the need for innovative and high-quality bicycle components and accessories is likely to rise.
· According to a deep-dive market assessment by RationalStat, the global Bicycle Components and Accessories market has been analyzed *on the basis of market segments, including product, bicycle type, sales channel and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the global Bicycle Components and Accessories market covers market sizes on the basis of market value (US$/EUR Million) and volume (Thousand Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the global Bicycle Components and Accessories market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
*Request A Customization- https://store.rationalstat.com/store/global-bicycle-components-accessories-market/#tab-ux_global_tab*
*Global* *Bicycle Components and Accessories Market: Segmental and Market Share Analysis*
· On the basis of product, the component segment led the overall market in 2022, accounting for more than 60% of total revenue, and is expected to rise significantly throughout the forecast period.
· Based on bicycle type, road bicycle segment accounted for the largest revenue share of 35% in 2022 due to increase in popularity of basic bicycles.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 21.3 billion
Market Size Forecast US$ 33.1 billion
Growth Rate 20%
Dominant Segment Road Bicycles
Dominant Region Asia Pacific
Key Market Drivers · Growing trend of health & fitness
· Increasing environmental concerns
Companies Profiled · Shimano Inc.
· SRAM LLC
· Campagnolo S.r.l.
· Giant Manufacturing Co., Ltd.
· Trek Bicycle Corporation
· Specialized Bicycle Components, Inc.
· Merida Industry Co., Ltd.
· Fox Factory Holding Corp.
· Accell Group N.V.
· Thule Group AB
*
*
*Explore more about this report- https://store.rationalstat.com/store/global-bicycle-components-accessories-market/#tab-ux_global_tab*
*Competition Analysis and Market Structure *
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Bicycle Components and Accessories market include,
· In November 2022, Thousand, a manufacturer of antique and creative cycling helmets and safety equipment, launched Ride Shop, a digital shopping experience that offers discounts on the most often recommended and purchased safety gear.
Some of the prominent players and suppliers operating and contributing significantly to the global Bicycle Components and Accessories market growth include *Shimano Inc., SRAM LLC, Campagnolo S.r.l., Giant Manufacturing Co., Ltd., Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Merida Industry Co., Ltd., Fox Factory Holding Corp., Accell Group N.V., and Thule Group AB, **among others.*
*Get A Free Sample- https://store.rationalstat.com/store/global-bicycle-components-accessories-market/#tab-ux_global_tab*
*RationalStat has segmented the global **Bicycle Components and Accessories* *market based on product, bicycle type, sales channel, and region*
· *Global **Bicycle Components and Accessories* *Market ***Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Product**
· Components
· Brakes
· Cranksets
· Bottom Bracket
· Casette
· Chain
· Wheel
· Saddles
· Front Hub
· Free Hub
· Dual Control Lever
· Speed/Gear Shifter
· Brake Lever
· Derailleur
· Rear Derailleur
· Front Derailleur
· Disc Brake Rotor
· Pedal
· Others
· Bicycle Accessories
· Helmets
· Eyewear
· Apparels
· Gloves
· Socks
· Others
· Lights
· Footwear
· *Global **Bicycle Components and Accessories* *Market **Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Bicycle Type*
· Road Bicycles
· Leisure Bicycles
· MTBs
· E-bikes
· Utility Bicycles
· Others
· *Global **Bicycle Components and Accessories* *Market ***Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Sales Channel**
· Offline
· Brand Stores
· Local Retailers
· Online
· E-commerce Websites
· Company-owned Websites
· *Global **Bicycle Components and Accessories* *Market **Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Region*
· North America Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· US
· Canada
· Latin America Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· Brazil
· Mexico
· Rest of Latin America
· Western Europe Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· Germany
· UK
· France
· Spain
· Italy
· Benelux
· Nordic
· Rest of Western Europe
· Eastern Europe Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· Russia
· Poland
· Hungary
· Other CIS Countries
· Rest of Eastern Europe
· Asia Pacific Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· China
· Japan
· India
· South Korea
· Australia
· ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
· Rest of Asia Pacific
· Middle East & Africa Bicycle Components and Accessories Market Analysis and Forecast, 2019-2030
· GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
· South Africa
· Nigeria
· Turkey
· Rest of the Middle East & Africa
For more information about this report- https://store.rationalstat.com/store/global-bicycle-components-accessories-market/
*Key Questions Answered in the **Bicycle Components and Accessories* *Report:*
· What will be the market value of the global Bicycle Components and Accessories market by 2030?
· What is the market size of the global Bicycle Components and Accessories market?
· What are the market drivers of the global Bicycle Components and Accessories market?
· What are the key trends in the global Bicycle Components and Accessories market?
· Which is the leading region in the global Bicycle Components and Accessories market?
· What are the major companies operating in the global Bicycle Components and Accessories market?
· What are the market shares by key segments in the global Bicycle Components and Accessories market?
*Explore Our Trending Reports*
· *Global Automotive Safety and Security Market*: The global Automotive Safety and Security Market is expected to grow at a CAGR of 8.6% over the forecast period of 2022-2028.
· *Global Heavy-duty Trucks Market*: The global Heavy-duty Trucks Market is expected to grow at a CAGR of 7.4% over the forecast period of 2022-2028.
· *Global Medium and Heavy Duty Commercial Vehicles Market*: The global Medium and Heavy Duty Commercial Vehicles Market is expected to grow at a CAGR of 7.8% over the forecast period of 2022-2028.
· *Global Touring Caravans Market*: The global Touring Caravans Market is expected to grow at a significant CAGR of 12.8% over the forecast period of 2022-2028.
· *Global Parking Management Solution Market*: The global Parking Management Solution Market is expected to grow at a CAGR of 7.4% over the forecast period of 2022-2028.
· *Global Light Quadricycles Market*: The global Light Quadricycles Market is expected to grow at a significant CAGR of 6.0% over the forecast period of 2022-2028.
· *Global CFRP Propeller Shaft Market*: The global CFRP Propeller Shaft Market is expected to grow at a CAGR of 25.2% over the forecast period of 2022-2028.
· *Global Vehicle Wiring Harness Market*: The global Vehicle Wiring Harness Market is expected to grow at a CAGR of 4.1% over the forecast period of 2022-2028.
· *Global Vehicle Roadside Assistance Market*: The global Vehicle Roadside Assistance Market is expected to grow at a CAGR of 4.1% over the forecast period of 2022-2028.
· *Global Folding Electric Scooter Market*: The global Folding Electric Scooter Market is expected to grow at a CAGR of 2.6% over the forecast period of 2022-2028.
*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
*Download Key Insights and Market Data - Raise a Query*
*About RationalStat LLC *
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
*Contact*
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
*sales@rationalstat.com*
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
*LinkedIn** | Facebook | Twitter | Instagram | Pinterest*