Latest News- Bicycle Accessories Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Bicycle Accessories Market is being driven by Increasing popularity of cycling

The Bicycle Accessories Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3683.4 million. The global bicycle accessories market is experiencing a surge in demand for e-bike components, driven by the rising popularity of electric bicycles (e-bikes). E-bikes offer numerous advantages, including environmental sustainability, health benefits, and convenience. In response to this trend, the market is witnessing significant growth in sales of e-bike conversion kits. These kits enable consumers to transform their conventional bicycles into electric-powered ones, providing a cost-effective alternative to purchasing new e-bikes. Typically, these kits comprise a motor, battery, controller, and other essential components necessary for electrifying a standard bicycle. 

Get more information on Bicycle Accessories Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Components
  • Apparels
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing popularity of cycling
• Increasing disposable income
• Growing awareness of safety

However, the market also witnesses some limitations, which are as follows:

• Rising costs of raw materials for bicycle accessories
• Supply chain disruptions of bicycle accessories
• Competition from low-cost manufacturers

Benefits of Buying Global Bicycle Accessories Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Bicycle Accessories Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Bicycle Accessories Market encompasses a wide range of products designed to enhance the functionality and safety of both traditional and e-bikes. These include cycling and bike accessories such as helmets, bags, locks, apparel, pedals, mirrors, racks, pumps, tires, conversion kits, maintenance tools, gloves, speedometers, maintenance products, visibility products, mounts, drivetrain components, and accessories specific to mountain bikes and hybrid bikes.

Market Research Overview

The global leisure products market, which encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games, is a significant segment of the larger household durables market. According to Technavio's market analysis, the household durables market size is determined by the combined revenue generated by manufacturers of various household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Factors driving the growth of this market include the increasing trend towards health and fitness, with memberships in health and fitness clubs experiencing a steady rise over the past decade. This growth is further fueled by the continuous expansion of the health and fitness club industry, presenting substantial opportunities. Within the leisure products category, specific sub-segments, such as bicycle accessories, are poised for growth. These accessories include environmental considerations like lights for improved safety and visibility, locks for security, bags for convenience and storage, mirrors for enhanced safety, water bottle cages for hydration, and pedals for comfort and performance.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/