Bicycle accessories market is anticipated to grow at a CAGR of 7.5% during the forecast period (2023–2030). The market growth is attributed to the growing demand for technological advancements across the globe. The implementation of load-lugging into bicycle accessories and their accessories has created new opportunities for improving the cycling experience. Hence, the market players are coming up with new products to cater to the rising demand for bicycles. For instance, in August 2022, Mycle launched a sub-£2k eCargo bike, bringing load-lugging practicality and utility to a wider audience. Mycle with a rear load deck was parked next to a classic VW transporter. The company has recently announced the debut of a variety of attachments, created for Mycle’s ‘Cargo’ but additionally compatible with other Mycle bikes, in order to satisfy a growing need and help Mycle users. Riders may configure their motorcycles to be individual carriers, cargo movers, or a combination of both, owing to the range. Bulky things can be transported using the front and rear cargo baskets, that are additionally available with high-quality bags to protect valuable cargo from the elements.
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Among the bicycle types, the electric bikes sub-segment is expected to hold a prominent share of the global bicycle accessories market. The segmental growth is attributed to the growing demand for cycling owing to the rising health and fitness across the globe. Individuals are seeking methods to include physical activity throughout their regular routines as the importance of health and fitness increases. Hence, the market players are coming up with new products to cater to the demand for accessories such as lightweight trailers, cargo bins, and trailer pet inserts. For Instance, in March 2023, Rad Power Bikes launched iRadRunner 3 Plus e-bike, a number of additional cargo accessories for riders to transport pets or carry groceries. Rad’s latest accessories includes lightweight trailer, cargo bin, and trailer pet insert, that are designed to make delivering materials easier.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Bicycle Accessories Market Report Segment
By Product Type
- Helmets
- Gloves and Warmers
- LED Lights
- Kickstands
- Saddles and Covers
- Speedometers
- Others
By Bicycle Type
- Mountain Bikes
- Road
- Electric
- Others
By Type
- OEM
- Aftermarket
By Distribution Channel
- Specialty Bicycle Retailers
- Full-Line Sporting Goods Stores
- Online
Global Bicycle Accessories Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bicycle accessories market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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