Industry: Automotive
Published Date: December-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 188
Report ID: PMRREP23362
The bicycle accessories market is estimated to increase from US$ 18.4 Bn in 2025 to US$ 29 Bn by 2032. The market is projected to record a CAGR of 6.7% during the forecast period from 2025 to 2032. Over 60% of global cyclists now purchase performance-enhancing accessories like helmets, ergonomic saddles, and cycling apparel, reflecting growing health and fitness awareness.
Nearly 45% of consumers prefer accessories made from sustainable or recycled materials, with this number expected to grow in the coming years. Smart helmets with crash-detection systems have seen an adoption increase of over 20% year-on-year among professional and urban cyclists.
Key Highlights of the Market
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Market Attributes |
Key Insights |
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Bicycle Accessories Market Size (2025E) |
US$ 18.4 Bn |
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Projected Market Value (2032F) |
US$ 29 Bn |
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Global Market Growth Rate (CAGR 2025 to 2032) |
6.7% |
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Historical Market Growth Rate (CAGR 2019 to 2024) |
6% |
Asia Pacific is estimated to dominate the global market during the forecast period. Asia Pacific almost occupied 35% of the market share in 2024. The substantial buyer population in India and China due to elevated demographic growth is the primary factor driving the increased regional growth rate.
Recently, there has been a significant increase in providers in the region offering customized bicycle accessories due to rising consumer demand for unique solutions. Japan, China, India, Singapore, and several other nations exhibit a significant need for road bicycles. These countries are making substantial progress in producing modern bicycles, necessitating related bicycle accessories. Asia pacific is estimated to hold a CAGR of 8% over the forecast period.
Based on bicycle type, the market is divided into mountain bike, hybrid/cross, road, comfort, youth, cruiser, electric & others. Out of these, the electric bicycle type dominates the with 34% of the market share.
Electric bicycles (e-bikes) are emerging as the dominant segment in the bicycle accessories market. The popularity of e-bikes is driven by technological advancements, increasing adoption across age groups, and the growing focus on eco-friendly transportation solutions.
Accessories for e-bikes are becoming a leading revenue generator due to the specialized needs of these bicycles. E-bikes have seen exponential growth in recent years, particularly in urban areas used for commuting and delivery services. Its versatility makes it suitable for a wide range of users, from commuters to recreational riders.
The growing emphasis on reducing carbon emissions has led to increased adoption of e-bikes, especially in urban centres. Government incentives for e-bike purchases in regions like Europe and Asia-Pacific drive accessory sales. Many e-bikes come with integrated smart systems, creating demand for tech-enabled accessories such as GPS trackers, app-controlled security systems, and digital displays.
Based on sales channel, the market is classified into specialty bicycle retailers, full-line sporting goods stores, department stores, and online. Out of these segments, the online sales channel segment dominates the market with a 42% share
Online sales channels have emerged as the dominant platform for bicycle accessories, driven by the convenience of e-commerce, extensive product availability, and competitive pricing.
In recent years, the share of online sales has grown significantly, surpassing traditional channels like specialty retailers and department stores.
Growing e-commerce platforms like Amazon, eBay, and specialized bicycle accessory websites allow consumers the convenience of home delivery and extensive product catalogues. Competitive pricing and frequent discounts alongside availability of reviews and detailed product specifications aiding informed purchasing decisions, are key driving elements for the market.
Bicycle accessories are supplementary components that enhance rider comfort and safety, integral to the total bicycle functionality. The predominant bicycle accessories comprise kid seats, bicycle horns, pump accessories, mirrors, covers, panniers, bags, backpacks, and various tailored solutions based on the bikers' demands or requirements.
Professional cyclists invest significantly in bike helmets and elbow or knee protectors to mitigate the risk of injuries sustained on the road. Bicycle apparel is regarded as an accessory of cycling equipment. The rising demand for bicycles worldwide is anticipated to accelerate the growth rate of the bicycle accessories business over the forecast period.
Heavy traffic and congestion, rider safety & protection, and increasing bicycle sales and demand are the main factors that lead to higher adoption of bicycle accessories. There are also other market driving factors like the rising popularity of bicycle sports, the rising demand for sports & mountain bikes, and rising sales of electric bicycles in developing economies.
The bicycle accessories market increased at a 6% CAGR and is projected to expand at a CAGR of 6.7% from 2025 to 2032. The increase in YOY growth in 2024 is higher because of factors including the rising bicycle population, a surge in a green mode of transportation, and the rising global adoption of electric bicycles. Consequently, increased the demand for bicycle accessories in the global market.
The demand for bicycle accessories has significantly increased due to the rising bicycle culture, the importance of rider safety, and the appeal of riding a bicycle as a sport. Due to the growing emphasis on reducing traffic, more people prefer using bicycles. As bicycle sales rise, bicycle accessories are growing in demand, which is anticipated to boost the market over the forecast period.
Rising Popularity of E-Bikes Fuels Sales
The growing adoption of electric bicycles (e-bikes) is a significant driver for the bicycle accessories market. E-bikes offer a convenient and eco-friendly alternative for urban commuting, recreation, and even logistics, making them increasingly popular among various demographic groups.
Accessories tailored for e-bikes, such as battery chargers, performance monitors, and safety gear, are witnessing robust demand as consumers seek to optimize their riding experience. Governments worldwide are also supporting e-bike adoption through subsidies and infrastructure investments, indirectly boosting accessory sales.
The growth of e-bikes is particularly evident in urban areas where e-bikes address traffic congestion and environmental concerns. As technological advancements continue, the market for high-tech accessories like GPS systems, integrated lighting, and app-enabled security features is expanding, further cementing the role of e-bikes as a key growth driver.
Urbanization and Rising Environmental Awareness Spurs Market Growth
Rapid urbanization and the growing emphasis on sustainable transportation are key drivers of the bicycle accessories market. In cities worldwide, bicycles are increasingly seen as a viable solution to combat air pollution, reduce traffic congestion, and promote green commuting. It has led to a surge in bicycle adoption, driving demand for urban-focused accessories such as bike racks, lights, locks, and panniers.
Governments and city planners are investing in bicycle-friendly infrastructure, such as dedicated lanes and parking facilities, further encouraging cycling. Younger, eco-conscious consumers are driving demand for sustainable accessories, such as bags and baskets made from recycled materials. Such factors highlight the interplay between urban living and environmental priorities in shaping the growth trajectory of the bicycle accessories market.
Lack of Infrastructure in Developing Regions
Inadequate cycling infrastructure in many developing regions hampers the growth of the bicycle accessories market. Countries with limited investments in dedicated bike lanes, parking facilities, and safe commuting spaces need help to encourage cycling as a viable mode of transport.
The lack of infrastructure reduces the adoption of bicycles and diminishes the demand for associated accessories like lights, locks, and storage solutions. Safety concerns in traffic-heavy areas discourage potential cyclists, further restraining market growth.
Manufacturers and policymakers must collaborate to create cycling-friendly environments to unlock the market potential in these regions. Investments in public awareness campaigns and cycling infrastructure development could play a pivotal role in addressing this restraint.
Integration of Smart Technologies Shapes Market Growth
The incorporation of smart technologies in bicycle accessories represents a transformative opportunity in the bicycle accessories market. With the rise of connected devices and the Internet of Things (IoT), cyclists increasingly demand tech-enabled accessories such as GPS trackers, smart helmets, app-controlled lighting, and security systems.
The innovations enhance safety, convenience, and overall user experience, making them highly desirable for urban commuters and fitness enthusiasts. Smart helmets equipped with communication systems, navigation aids, and crash-detection features cater to professional cyclists and casual riders.
Companies investing in smart technologies can tap into a growing consumer base that values digital integration and performance optimization, positioning themselves as leaders in the evolving bicycle ecosystem.
The bicycle accessories market is characterized by a mix of global and regional players, with companies competing on innovation, product quality, and price. Key players like Shimano, Giant Bicycles, Trek Bicycle Corporation, and Garmin dominate through advanced technologies and robust distribution networks.
Emerging companies like UNIT 1 focus on niche smart accessories, targeting safety and performance enhancement. Sustainability is becoming a significant differentiator, with players like Ortlieb emphasizing eco-friendly products.
Regional players cater to cost-sensitive markets with affordable options. Strategic partnerships, direct-to-consumer models, and e-commerce expansion are reshaping competition. Innovation in smart and connected devices and rising consumer demand for personalized and sustainable solutions are intensifying market rivalry.
Recent Industry Developments in the Bicycle Accessories Market
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Billion for Value |
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Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled in the Report |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Product Type
By Bicycle Type
By Sales Channel
By Region
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Trend of bicycle-sharing systems and an urge of healthy lifestyle is a new trend in the bicycle market. Market.
Adults, Children and Professional Riders are target market for bicycles.
The profit margin on bicycle accessories is around 40%.
The market is estimated to exhibit a growth rate of 6.7% over the forecast period.
Accell Group, Avon Cycles Ltd, Campagnolo S.R.L., are some of the key players.
