Summary

Canada's vast and varied landscapes, ranging from urban cityscapes to scenic rural areas, create a diverse range of cycling environments. Canada is currently witnessing a remarkable surge in the popularity of cycling, accompanied by a noteworthy increase in the demand for bicycle accessories. This growing trend reflects a broader shift in consumer preferences towards sustainable and healthy lifestyles. The flourishing bicycle accessories market in Canada is indicative of a diverse range of cycling activities taking place across the nation. The trend towards urbanisation in major Canadian cities has given rise to a robust commuter culture. More individuals are choosing bicycles as a sustainable and efficient mode of urban transportation. This cultural shift has fueled the demand for accessories such as panniers, lights, and robust locks, catering to the needs of city cyclists. Canada's tech-savvy population has influenced the demand for accessories with integrated technology. Cyclists are increasingly opting for GPS devices, fitness trackers, and smart helmets. This tech-infused trend reflects a desire for a connected and data-driven cycling experience, aligning with the broader technological advancements in the country. Similar to global trends, there is a noticeable shift towards online retail channels in Canada. Online platforms offer consumers the convenience of browsing a wide range of accessories, comparing products, and reading reviews before making a purchase. This shift reflects the changing consumer landscape and the increasing reliance on digital platforms for shopping.

According to the research report "Canada Bicycle Accessories Market Overview, 2029," published by Bonafide Research, the Canada Bicycle Accessories market is expected to reach a market size of more than USD 660 Million by 2029. The culture of an active and outdoor lifestyle is deeply ingrained in Canadian society. Cycling aligns with this culture, and the demand for accessories is fueled by individuals seeking ways to make their cycling experiences more enjoyable, efficient, and safe. Various levels of government in Canada have implemented initiatives to promote cycling. Investments in cycling infrastructure, bike lanes, and bike-sharing programmes contribute to a more bike-friendly environment. These initiatives boost confidence among cyclists and stimulate the demand for related accessories. Canada's economic prosperity has contributed to increased disposable income, allowing individuals to invest in recreational activities like cycling. As a result, consumers are more willing to spend on high-quality bicycles and accessories, driving market growth. There is a noticeable increase in interest and participation in cycling across Canada. More individuals are adopting cycling as a mode of transportation, recreational activity, and fitness pursuit. This surge in interest directly contributes to the demand for bicycle accessories. E-bikes, or electric bikes, are becoming more and more common in Canada. E-bikes provide an aided riding experience that appeals to a wide range of riders, including leisure and commuter bikers. The need for e-bike accessories, including batteries, chargers, and electrical parts, has surged as a result of this trend.

Based on the products types, they are segmented into components and apparel. In Canada, the apparel is growing market, The demand for cycling-specific apparel in Canada may be growing due to an increased emphasis on safety and comfort. Cyclists often invest in specialized clothing designed for the sport, including jerseys, shorts, and jackets, which provide features like moisture-wicking, breathability, and visibility, enhancing the overall riding experience. An increase in the number of cycling enthusiasts and recreational riders can drive the demand for cycling apparel. As more individuals take up cycling as a hobby or for fitness, there's a corresponding demand for clothing that meets the unique requirements of the activity. The popularity of cycling events, group rides, and charity rides in Canada may contribute to the demand for cycling apparel. Participants often seek specialized clothing for these events, ranging from jerseys representing the event to apparel optimized for long-distance rides. In terms of the bicycle types, they are segmented into electric, road bikes, mountain bikes, hybrid bikes, youth bikes, comfort bikes, and others. Among them in Canada, Mountain Bikes leads the market. Canada boasts diverse terrain, including mountains, forests, and rugged landscapes. This variety of environments makes mountain biking an attractive recreational activity. Mountain bikes are well-suited to handle the challenges presented by uneven and off-road terrain, allowing cyclists to explore Canada's scenic landscapes. The country has a strong outdoor adventure culture, and mountain biking aligns perfectly with the desire for outdoor exploration and adventure. The thrill of navigating through trails, conquering challenging terrain, and enjoying the beauty of nature contributes to the popularity of mountain biking. Across the country, there is an extensive network of mountain biking trails. From cross-country trails to downhill descents, Canadians have access to a variety of routes that cater to different skill levels and preferences. This network of trails encourages individuals to choose mountain bikes as their preferred ride.

According to the types that are segmented into OEM and aftermarket, among them, the country aftermarket is a growing market. Canadian cyclists, like many enthusiasts around the world, have a strong desire for customisation and personalization. The aftermarket allows cyclists to upgrade and personalise their bicycles according to their specific preferences, whether it's upgrading components for better performance or adding accessories for a unique look. Aftermarket products often include specialised accessories that cater to specific needs or activities. For example, cyclists may seek aftermarket accessories tailored for commuting, touring, mountain biking, or road cycling. The aftermarket offers a diverse range of products to meet these specialised requirements. Based on the sales channel, they are segmented into specialty bicycle retailers, full-line sporting goods stores, department stores, others, and online. Among them, full-line sporting goods stores are a growing market; many full-line sporting goods stores have integrated online and in-store shopping experiences. Customers can browse products online, check availability, and make purchases either online or in-store. This seamless integration caters to diverse consumer preferences for shopping channels. The culture encourages the concept of one-stop shopping for all cycling needs. Full-line sporting goods stores offer a comprehensive selection of bicycle accessories, from safety gear to performance-enhancing components. Consumers appreciate the convenience of finding everything they need under one roof.

Considered in this report:
• Geography: Canada
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• Canada Bicycle Accessories market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Products
• Components
• Apparel

By Type
• OEM
• Aftermarket

By Bicycle Types
• Electric
• Road Bikes
• Mountain Bikes
• Hybrid Bike
• Youth
• Comfort
• Others

By Sales Channel
• Specialty Bicycle Retailers
• Full-Line Sporting Goods Stores
• Department Stores & Others
• Online

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Bicycle Accessories, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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