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

By Bicycle Type;

Mountain Bike, Hybrid/Cross, Road, Comfort, Youth, Cruiser, Recumbent/Tandem, Electric, and Folding.

By Sales Channel;

Specialty Bicycle Retailers, Discount Stores, Department Stores, Full-line Sporting Goods Stores, Outdoor Specialty Stores, and Other Sales Channel.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn306081397 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Bicycle Components Aftermarket (USD Million), 2020 - 2030

In the year 2023, the Global Bicycle Components Aftermarket Market was valued at USD 15,659.94 million. The size of this market is expected to increase to USD 25,146.45 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The Global Bicycle Components Aftermarket represents a thriving ecosystem where cyclists, retailers, and manufacturers converge to meet the diverse needs of riders worldwide. This dynamic market encompasses a wide array of components and accessories, including drivetrain systems, brakes, wheels, saddles, and handlebars, among others. Characterized by innovation and customization, the aftermarket sector offers cyclists the opportunity to upgrade, personalize, and optimize their bikes according to their preferences, performance goals, and riding styles. With an increasing number of individuals embracing cycling for various purposes, such as commuting, recreation, and fitness, the demand for aftermarket bicycle components continues to surge, driving market growth and spurring innovation among manufacturers and retailers alike.

In this competitive landscape, manufacturers strive to differentiate themselves through product innovation, quality, and brand reputation, catering to the evolving needs and preferences of cyclists worldwide. The rise of e-commerce platforms and digital marketing channels has revolutionized the way aftermarket bicycle components are marketed, sold, and distributed, providing consumers with greater accessibility and convenience. From seasoned cyclists seeking high-performance upgrades to casual riders looking for affordable replacements, the Global Bicycle Components Aftermarket offers a diverse range of products and services, contributing significantly to the vibrant and ever-expanding cycling industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Bicycle Type
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Region
  4. Global Bicycle Components Aftermarket Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for customizing bikes
        2. More people want high-performance parts
        3. Recreational cycling is becoming popular
        4. Cyclists prefer personalized experiences
      2. Restraints
        1. Specialized parts availability is limited
        2. Compatibility concerns with existing setups
        3. Lack of standardized regulations for aftermarket products
      3. Opportunities
        1. Partnering with bike clubs and events for visibility
        2. Expanding product lines for emerging trends
        3. Using influencers for promotion
        4. Creating loyalty programs for customer retention
    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 Components Aftermarket, By Bicycle Type, 2020 - 2030 (USD Million)
      1. Mountain Bike
      2. Hybrid/Cross
      3. Road
      4. Comfort
      5. Youth
      6. Cruiser
      7. Recumbent/Tandem
      8. Electric
      9. Folding
    2. Global Bicycle Components Aftermarket, By Sales Channel, 2020 - 2030 (USD Million)
      1. Specialty Bicycle Retailers
      2. Discount Stores
      3. Department Stores
      4. Full-line Sporting Goods Stores
      5. Outdoor Specialty Stores
      6. Other Sales Channel
    3. Global Bicycle Components Aftermarket, 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. SRAM LLC
      2. Hero Cycles Limited
      3. Campagnolo S.R.L.
      4. Dorel Industries Inc.
      5. Merida Industry Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market