The Bicycle Accessories Global Market Report 2023, provides comprehensive information on the bicycle accessories market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Bicycle Accessories Global Market Report 2023, the global bicycle accessories market is expected to grow from $12.26 billion in 2022 to $13.30 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bicycle accessories market is expected to reach $17.94 billion in 2027 at a CAGR of 7.8%.
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Product innovations are a key trend gaining popularity in the bicycle accessories market. Major companies operating in the bicycle accessories market are focused on developing innovative solutions to strengthen their position in the market. For instance, in May 2022, Sigma Sport, a Germany-based manufacturer of electronic sports equipment, introduced the AURA 100 and BLAZE LINK lighting sets to let cyclists train and relax securely and comfortably. It includes an innovative link function, where lights can be coupled with each other in a flash through BLE, which can be switched on and off via the AURA 100 LINK front light and controlled intuitively. Furthermore, in Auto mode, an integrated brightness sensor automatically switches both lights on and off, ensuring visibility and safety even during the day.
The bicycle accessories market is segmented:
1) By Product: Apparels, Components
2) Bicycle Type: Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, Other Bicycle Types
3) By Marketplace: Original Equipment Manufacturer (OEM), Aftermarket
4) By Sale Channel: Offline, Online
Asia-Pacific was the largest region in the bicycle accessories market in 2022.
The table of contents in TBRC’s bicycle accessories market report includes:
1.Executive Summary
- Bicycle Accessories Market Characteristics
- Bicycle Accessories Market Trends And Strategies
- Bicycle Accessories Market – Macro Economic Scenario
- Global Bicycle Accessories Market Size and Growth
- Global Bicycle Accessories Market Competitive Benchmarking
- Global Bicycle Accessories Market Competitive Dashboard
- Key Mergers And Acquisitions In The Bicycle Accessories Market
- Bicycle Accessories Market Future Outlook and Potential Analysis
- Appendix
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