Global Bicycle and Components Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Rims, Frames, Saddles, and Other.

By Technology;

Continuous Fiber Composites, Discontinuous Fiber Composites, and Metals.

By Application;

Mountain Bike, Road Bike, City Bike, Electric Bike, Children Bike, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn062808528 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Bicycle and Components Market (USD Million), 2020 - 2030

In the year 2023, the Global Bicycle and Components Market was valued at USD 62,809.67 million. The size of this market is expected to increase to USD 79,911.44 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.

Bicycles and their components play a crucial role in promoting sustainable transportation, fitness, and leisure activities worldwide. This market encompasses a wide range of products including bicycles, frames, wheels, drivetrains, brakes, and accessories, catering to diverse consumer needs and preferences. In recent years, there has been a growing trend towards cycling as a mode of transportation, particularly in urban areas where congestion and pollution are major concerns. This has led to increased demand for bicycles with features such as lightweight frames, advanced gear systems, and integrated smart technologies.

The rise of e-bikes has revolutionized the market, offering consumers an eco-friendly alternative to traditional transportation methods while also providing an added boost for longer commutes or hilly terrains. The bicycle components market is witnessing innovations in materials, manufacturing techniques, and aerodynamic designs, aimed at enhancing performance, durability, and overall riding experience. As the global emphasis on health and sustainability continues to grow, the bicycle and components market is expected to expand further, offering opportunities for manufacturers, retailers, and consumers alike.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Bicycle and Components Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electric bike popularity
        2. Recreational sports demand
        3. Component technology advances
        4. Adventure sports interest
      2. Restraints
        1. Limited cycling infrastructure
        2. Theft and security issues
        3. Skilled mechanic shortage
      3. Opportunities
        1. Urban infrastructure expansion
        2. E-commerce bicycle sales
        3. Electric bike market growth
        4. Innovative bicycle designs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bicycle and Components Market, By Component, 2020 - 2030 (USD Million)
      1. Rims
      2. Frames
      3. Saddles
      4. Other
    2. Global Bicycle and Components Market, By Technology, 2020 - 2030 (USD Million)
      1. Continuous Fiber Composites
      2. Discontinuous Fiber Composites
      3. Metals
    3. Global Bicycle and Components Market, By Application, 2020 - 2030 (USD Million)
      1. Mountain Bike
      2. Road Bike
      3. City Bike
      4. Electric Bike
      5. Children Bike
      6. Others
    4. Global Bicycle and Components Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Giant Manufacturing Co., Ltd.
      2. Currie Technologies
      3. Dorel Industries Inc.
      4. Trek Bicycle Corporation
      5. OMAX Corporation
      6. Atlas Cycles (Haryana) Limited
      7. Marin Bikes
      8. Accell Group N.V.
      9. Merida Industry Co. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market