The global bicycle accessories market is estimated to expand at a healthy CAGR of close to 7% over the forecast period of 2021-2031.
The need for flexible material storing and stacking architectures with new safety features and resource efficiency for all industries is a vital driving factor for the global bicycle accessories market. The industrial manufacturing sector has witnessed significant growth in recent years, which is estimated to persist over the coming years. As demand for bicycles surges across regions, especially e-bikes, mountain bikes, and road bikes, the need for bicycle accessories will be greater than before. There will be especially high demand for helmets, saddles, and fenders, and the customization trend will get even stronger over the coming years.
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FACTS AT A GLANCE
Companies: Giant Bicycles Inc., Accell Group, Shimano Inc., and Merida Industry Co. Ltd. Manufacturers such as Campagnolo S.R.L., Hero Cycles Ltd Specialized Bicycle Accessories, and tier-3 manufacturers
Coverage: All major geographies and key segments
Segments: Bicycle Accessories Market Segmented by Bicycle Parts and Accessories, E-Bike Accessories, Cycling Products, Cycling Accessories, Mountain Bike Accessories, Bicycle Spare Parts and Accessories, Bike Gadgets, Smart Bicycle Accessories, Higher Adoption Drives Bicycle Accessories
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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research recently published a report on the global bicycle accessories market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the bicycle accessories market will grow over the forecast period of 2021 to 2031.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the bicycle accessories market over the forecast period.
The study is relevant for stakeholders in the bicycle accessories market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the bicycle accessories market can leverage the information and statistics presented in Persistence Market Research’s market report.
The report includes facts & figures related to the macro- as well as micro-economic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the bicycle accessories market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in the market.
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