Bicycle Parts and Accessories Market Scope
Bicycle parts and accessories include the seat, frame, wheels, handlebars, brakes, cycle pumps, cycle trainers, cycle computers, and others. The growing bicycle industry is the major driver for the bicycle parts and accessories market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Shimano (Japan), Campagnolo (Italy), Burley Design (United States), SunTour (Taiwan), Kona Bicycle Company (United States), Giant Bicycles (Taiwan), SOMA Fabrications (United States), Raleigh Bicycle Company (United Kingdom), Bicycle Technologies International (United States) and Trek Bicycle Corporation (United States) |
CAGR | % |
Global Bicycle Parts and Accessories is a fragmented market due to the presence of various players. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Shimano (Japan), Campagnolo (Italy), Burley Design (United States), SunTour (Taiwan), Kona Bicycle Company (United States), Giant Bicycles (Taiwan), SOMA Fabrications (United States), Raleigh Bicycle Company (United Kingdom), Bicycle Technologies International (United States) and Trek Bicycle Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Bicycle Parts and Accessories market by Type and Region with country level break-up.
On the basis of geography, the market of Bicycle Parts and Accessories has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2022, MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, has acquired HLC, Inc. a leading distributor of bicycle parts and accessories. HLC’s President, Pat McGinnis,
Influencing Trend:
Growing Production as well as Popularity of Bicycles
Market Growth Drivers:
Growing Peoples Preference towards Riding Bicycles and Consumer Awareness towards Cycling Benefits for Good Health
Challenges:
Regulatory Guidelines on the Bicycles
Restraints:
Volatile Raw Material Prices
Opportunities:
Increasing Demand for Bicycles can create Opportunities for the Bicycle Parts and Accessories Market Growth
Key Target Audience
Bicycle Parts and Accessories Manufacturers, Suppliers, and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others