Huge Demand of Global Bicycle Accessories Market during 2021-2031
New Study Reports ” Bicycle Accessories Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2031″ has been Added on Persistence Market Research.
Report Overview
The report on the Bicycle Accessories Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2031. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 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 such as Hero and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Bicycle Accessories.
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Key Takeaways from Global Bicycle Accessories Market Study
- Manufacturers are focusing on introducing lightweight bicycle accessories with better performance characteristics for all terrains. Such new technologies will set up growth of the market.
- Low-cost manufacturing in parts of South-East Asia and Africa, and new transport corridors, are expected to provide significant opportunities in the logistics sector, which will directly boost demand for bicycle accessories.
- European markets such as Germany, Denmark, and the Netherlands have appropriate cycling infrastructure, in addition to government laws and regulations that implement the provision of subsidies for the adoption of e-bikes.
- South Asia & Pacific is picking up in the market due to robust outlook for bicycle sales. Aggressive marketing by perspective distributors in key countries of South Asia & Pacific and MEA could further benefit players in these regions.
- During the COVID-19 pandemic, bicycles were flying off the shelves in major cities, worrying distributors that they may run out of supplies amid a lack availability of workers in factories. Sales even zoomed after the easing of lockdowns in several cities across the world, and a large chunk of demand came from fitness enthusiasts shut out from their gyms hitting the empty streets.
- East Asia is projected to account for around half of the global demand for bicycle accessories.
- Accessories for road bikes will be required the most, accounting for close to 30% of overall demand.
- Specialty bike retailers and online sales will account for close to two-third of all sales of bicycle accessories.
“Growing traffic and worsening pollution & air quality are throwing special focus on the cycling culture as an environmentally-friendly mobility option. With continuous changing market conditions, companies are focusing on strengthening their distribution channels and also on online sales via own web shops and third-party online stores to synchronize with ongoing market trends,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Bicycle Accessories Market Manufacturers
Bicycle Accessories Market Distributors/Traders/Wholesalers
Bicycle Accessories Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Bicycle Accessories Market Report:
- The Bicycle Accessories Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Bicycle Accessories Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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