Global Bicycle Parts And Accessories Market Is Expected To Reach USD 6407.06 Million By 2025
Friday, 15 Nov, 2019
The global bicycle parts and accessories market is expected to reach USD 6407.06 million by 2025, growing at a CAGR of more than 2.58% from 5360.78 million in 2018; The bicycle parts and accessories market is relative concentrated market; key players include Shimano, SRAM, Fox Factory Holding, Campagnolo, HL CORP, GIANT, DT?SWISS, Prowheel, MERIDA, Dorel?Industries, Eastman Industries?Limited, Colnago; the revenue of top five manufacturers accounts about 71% of the total revenue in 2018. The high-end products mainly come from Japan and USA.
The bicycle parts and accessories is classified into the transmission parts, frame & forks parts, wheel parts, steering components and other according to the bicycle body structure. Depending on bicycle type, the bicycle parts and accessories applied in road bicycle occupied the largest market, with more than 53% share globally, followed by mountain?bicycles, with about 27% market share.
GIR analysis of the bicycle parts and accessories market indicated that Europe would account for the highest consumption market in 2025 as a result of most popular bicycle culture, but Asia has the highest growth rate for bicycle-sharing service soaring in the last few years. Vendors recognize the importance of this region, particularly in China, India and are working towards penetrating this market by strengthening their sales and distribution networks.
Bicycle Parts and Accessories are a general term for all parts and accessories of bicycles. According to the structural frame of the bicycle body, it can be divided into several categories: transmission parts, frame & forks parts, wheel parts, steering components, and so on.
Among the 25 accessories such as the transmission parts, frame & forks parts, wheel parts, steering components of bicycles, the basic components are indispensable. Among them, the frame is the skeleton of the bicycle, and it bears the greatest weight of people and goods. According to the working characteristics of each accessory, it can be roughly divided into guiding system, driving system and braking system.