Summary

Bicycles hold significant cultural importance in China, symbolising an era of simplicity and practicality. While the country has experienced rapid modernization, bicycles remain a popular mode of transportation, particularly in urban areas, contributing to the demand for accessories that enhance their functionality. China is a global leader in the electric bicycle (e-bike) market. E-bikes have gained immense popularity due to their efficiency, environmental friendliness, and ability to navigate congested urban areas. The demand for e-bike accessories, such as batteries, electric motors, and advanced control systems, is a notable aspect of the market. The rapid urbanisation of Chinese cities has led to increased traffic congestion and pollution concerns. Bicycles, including e-bikes, have become a preferred mode of commuting. This trend drives the demand for accessories that enhance safety, comfort, and convenience for urban cyclists. The Chinese government has implemented initiatives to promote cycling and sustainable transportation. Subsidies for e-bikes, bike-sharing programmes, and the development of cycling infrastructure contribute to the growth of the bicycle accessories market. China is at the forefront of incorporating smart technology into bicycle accessories. The market witnesses the rise of smart locks, GPS navigation systems, integrated lighting solutions, and fitness tracking devices designed to enhance the overall cycling experience. Bike-sharing programmes have become immensely popular in Chinese cities. The prevalence of shared bikes has led to increased awareness of cycling as a convenient and eco-friendly transportation option, driving the demand for accessories related to bike-sharing, such as secure locks and user-friendly features.

According to the research report, "China Bicycle Accessories Market Outlook, 2029," published by Bonafide Research, the China Bicycle Accessories market is anticipated to add to more than USD 800 Million by 2024–29. Bicycles hold significant cultural importance in China. While the country has modernised rapidly, bicycles remain a popular and practical mode of transportation. This cultural connection to bicycles sustains a continuous demand for accessories that enhance the functionality, safety, and aesthetics of bikes. China's rapid urbanisation has led to increased traffic congestion and environmental concerns. The Chinese government actively promotes cycling as a sustainable mode of transportation. Policies supporting the development of cycling infrastructure, bike-sharing programmes, and subsidies for e-bikes contribute to the growing demand for accessories such as locks, helmets, and e-bike components. The Chinese bicycle accessories market benefits from technological advancements. Smart accessories, such as GPS navigation systems, electronic gear shifting systems, and integrated lighting solutions, appeal to tech-savvy consumers seeking innovative and connected features for their bikes. Increasing health consciousness among Chinese consumers has led to a growing interest in cycling as a form of exercise. This trend drives the demand for accessories that enhance the fitness experience, including fitness trackers, comfortable saddles, and specialised clothing. The youth population in China actively engages in cycling trends. As a lifestyle choice and a recreational activity, cycling is embraced by the younger generation. Trendy and innovative accessories, including customised components and fashionable gear, contribute to market growth. As disposable incomes rise, there is a shift towards premium and customised bicycle accessories. Consumers are willing to invest in high-quality, aesthetically pleasing accessories that reflect their personal style and preferences.

Based on the products types, they are segmented into apparel and components, among them the apparel is growing market, and the increasing popularity of cycling in China has led to a growing demand for specialized apparel. As more people embrace cycling for commuting, leisure, and fitness, there is a heightened interest in apparel that enhances the overall cycling experience, providing comfort, performance, and style. China is witnessing a growing awareness of health and fitness, and cycling is considered a healthy and eco-friendly activity. The emphasis on a healthy lifestyle encourages consumers to invest in high-quality apparel designed for cycling, including moisture-wicking fabrics, breathable materials, and ergonomic designs. The rapid urbanization of Chinese cities has led to increased traffic congestion and pollution. In response, there is a growing culture of cycling for daily commuting. Cyclists, especially urban commuters, seek specialized apparel that combines functionality with a modern and urban aesthetic. 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 China, the hybrid bike is growing in market. China's economic prosperity has led to an increase in disposable income for a significant portion of the population. Cyclists with higher purchasing power are more willing to invest in premium accessories, including pedals that offer advanced features and durability. There is a growing interest in performance cycling in China, with cyclists seeking accessories that contribute to speed, efficiency, and overall performance. High-performance pedals, designed for road cycling or competitive events, witness increased demand as cycling becomes a more specialised and performance-oriented activity.

According to the types that are segmented into OEM and aftermarket, among them, aftermarket is a growing market. Cyclists in China are increasingly seeking ways to customise and personalise their bikes to match their preferences and riding styles. The aftermarket provides a diverse range of accessories that allow cyclists to enhance and modify their bicycles, including handlebars, saddles, pedals, and other components. With a growing cycling culture, many individuals in China own bicycles and seek ways to improve their performance or appearance. The aftermarket caters to this demand by offering upgraded components and accessories, allowing cyclists to enhance their existing bikes without purchasing entirely new ones. Based on the sales channel, they are segmented into specialty bicycle retailers, full-line sporting goods stores, department stores, others, and online. Among them, department stores are a growing market. China has experienced significant economic growth, leading to a burgeoning middle-class population with increased purchasing power. The expanding middle class is more inclined to explore diverse shopping options, and department stores cater to a wide range of consumer needs, from fashion to home goods. Consumer preferences in China are evolving, with a shift towards experiential and lifestyle-oriented shopping. Department stores offer a variety of products and services under one roof, providing a convenient and comprehensive shopping experience that aligns with changing consumer expectations.

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

Aspects covered in this report:
• China 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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