In 2024, the global bicycle accessory market (自転車アクセサリー市場) is forecasted to reach a value of US$ 18,322.2 million and is anticipated to grow at a compound annual growth rate (CAGR) of 7.2%. By 2034, it is expected to expand further, reaching a market value of US$ 36,721.9 million. The bicycle accessory market has been experiencing a surge in demand, driven by a multitude of factors ranging from growing environmental consciousness to an increased focus on health and fitness. As urbanization continues to reshape city landscapes and more people turn to cycling as a mode of transportation and recreation, the demand for bicycle accessories is on the rise. This market encompasses a wide array of products, including but not limited to helmets, lights, locks, racks, mirrors, bells, fenders, and specialized clothing.

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Market Dynamics

Several key dynamics are fueling the growth of the bicycle accessory market. One significant factor is the global shift towards sustainable transportation solutions. With concerns over pollution and climate change intensifying, many individuals are opting for eco-friendly modes of transport like bicycles, thereby driving the demand for associated accessories. Additionally, the rise of bike-sharing programs and the increasing popularity of cycling as a recreational activity are further boosting market growth.

Market Future Outlook

The future outlook for the bicycle accessory market (자전거 액세서리 시장) appears promising, with sustained growth expected in the coming years. Factors such as ongoing technological advancements, innovation in product design, and increasing investments in cycling infrastructure are anticipated to propel market expansion. Moreover, initiatives aimed at promoting cycling culture and the adoption of supportive policies by governments worldwide are likely to create favorable conditions for market growth.

Market Insights

Insights into consumer preferences and behavior play a crucial role in shaping the trajectory of the bicycle accessory market. Convenience, safety, and performance are among the primary factors influencing purchasing decisions. Consumers are increasingly seeking accessories that offer enhanced functionality, durability, and compatibility with their bicycles. Furthermore, the trend towards customization and personalization is driving demand for accessories that allow users to express their individuality while enhancing their cycling experience.

Key Players

Accell Group
Avon Cycles Ltd.
Campagnolo S.R.L
Garmin Ltd.
Giant Manufacturing Co. Ltd.
Merida Industry Co. Ltd.
Specialized Bicycle Components Inc.
Trek Bicycle Corp.
DT Swiss
Lezyne
Endura Ltd.

Competitive Landscape

The competitive landscape of the bicycle accessory market is characterized by a diverse range of players vying for market share and driving innovation. Established brands, including traditional manufacturers and specialized cycling gear companies, compete alongside a surge of innovative startups entering the market.

Competition in key areas focuses on the development of technologically advanced accessories that enhance the overall cycling experience. This includes smart helmets and GPS-enabled devices. Additionally, safety features, design aesthetics, and environmentally sustainable practices play pivotal roles in distinguishing brands in this competitive space.

The expansion of e-commerce platforms further intensifies competition by offering consumers a wide array of choices and increasing brand visibility. Collaborations and strategic partnerships between accessory manufacturers and bicycle producers are common, allowing for bundled offerings and comprehensive solutions.

Recent developments in the bicycle accessory market include Mycle riders introducing a specialized range of accessories tailored explicitly for the Mycle 'Cargo' model. These accessories are designed to be compatible with other Mycle bicycles, catering to a broader spectrum of their customer base.

In addition, Cynisca Cycling has announced noteworthy collaborations with renowned brands to elevate their performance. They have forged partnerships with Ventum for frames, Shimano for groupsets and wheels, Vittoria for tires, WTB for saddles, and Arundel Bicycle Company for tape, cages, and bags.

As the market continues to grow, it is crucial for players in the bicycle accessory industry to stay abreast of evolving consumer preferences and swiftly adapt to emerging trends in order to achieve sustained success.

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Segmentation of Bicycle Accessory Market (Markt für Fahrradzubehör) Research

• By Bicycle Type:

  • Mountain Bike

  • Hybrid/Cross

  • Road

  • Comfort

  • Youth

  • Cruiser

  • Electric & Others

• By Product Type:

  • Helmets

  • Gloves & Warmers

  • Jersey/Tee

  • LED Lights

  • Mirror

  • Bottle Cage

  • Pump (Hand and Foot)

  • Bar Ends/Grips

  • Kickstand

  • Saddles & Covers

  • Mudflaps

  • Others

• By Region:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South Asia and Pacific

  • East Asia

  • Middle East and Africa

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