Bicycle Accessories Market is to grow by USD 3.89 billion from 2023 to 2028, the market is fragmented due to the presence of prominent companies like Accell Group NV, Adidas AG and Avon Cycles Ltd., and many more - Technavio

NEW YORK, Nov. 3, 2023 /PRNewswire/ -- The bicycle accessories market is estimated to grow by USD 3.89 billion from 2023 to 2028, growing at a CAGR of 5.94%. The bicycle accessories market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer bicycle accessories market are Accell Group NV, Adidas AG, Avon Cycles Ltd., Campagnolo Srl, Eastman Industries Ltd., Endura Ltd., Garmin Ltd., Giant Manufacturing Co. Ltd., Hero Cycles Ltd., Lezyne USA Inc., Merida Industry Co. Ltd., OM Electric Cycles, SHIMANO INC., Trek Bicycle Corp., and SRAM LLC. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying

Company Offering:

• Accell Group NV - The company offers bicycle accessories such as rear racks, children's bike trailers, and headlights under its brand XLC.
• Adidas AG - The company offers bicycle accessories such as short-sleeved cycling jerseys, padded cycling shorts, and padded cycling bib shorts.
• Avon Cycles Ltd. - The company offers bicycle accessories such as rechargeable headlights, digital odometers, bottle cages, and MTB mudguards.
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as Europe, APAC, North America, South America, and Middle East and Africa. 

• APAC is estimated to contribute 35% to the growth of the global market during the forecast period. The market's growth is due to factors such as the popularity of cycling for recreational and fitness activities, consumers' increasing awareness about environmental issues, and the promotion of cycling as an environmentally friendly mode of transport. Further, the expansion of the bicycle accessories sector in this region has been facilitated by several government actions supporting bike infrastructure and schemes to share bicycles.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Increasing popularity of cycling
• Key Trend - Growing demand for e-bike accessories
• Major Challenges - Rising costs of raw materials for bicycle accessories

 Market Segmentation

• By Distribution Channel, the market is classified into offline and online. The offline segment is estimated to witness significant growth during the forecast period. To improve the performance, functionality, and comfort of bicycles, a component segment in the world's bicycle accessory market consists of many parts and accessories that are incorporated into bicycles. Components like gear wheels, tires, and brakes are among the main elements. In addition, developments in technology, rising consumer demand for products with improved performance, and growing recognition of cycling as a sport and mode of transport have contributed to the component section of the global bicycle accessories market.

Technavio Research experts have provided more insights on the market share of segments - View a Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Product 

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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