Summary

The bicycle accessories market in Saudi Arabia has grown significantly in recent years, driven by a growing interest in riding as a recreational activity as well as a form of transportation. Along with the growing popularity of cycling across the country, the market for bicycle accessories has grown significantly. Saudi Arabia's broad topography, from metropolitan areas to huge deserts, provides numerous terrains for cycling aficionados, increasing demand for a diversified range of cycling accessories. The government's initiatives to encourage a better lifestyle and minimize reliance on automobiles are boosting the bicycle accessories market in Saudi Arabia. Initiatives such as Vision 2030 have pushed a transition toward more sustainable means of transportation, such as cycling and walking. As the country invests in infrastructure developments, including dedicated cycling lanes and paths, accessibility and safety for cyclists further contribute to the flourishing market for bike accessories. A wide range of accessories have acquired popularity in this thriving sector. High-quality helmets, which are necessary for ride safety, have become a cycling mainstay. Reflective gear and visibility accessories are also in high demand, especially in Saudi Arabia, where riding during the hotter months demands specific equipment for comfort and safety. Bike racks for transportation, specific apparel for varied terrains and weather conditions, bike locks, lighting, and maintenance tools are very popular in the Saudi market.

According to the research report "Saudi Arabia Bicycle Accessories Market Overview, 2029," published by Bonafide Research, the Saudi Arabia Bicycle Accessories market is expected to grow with more than 6.50% CAGR from 2024 to 2029. The influx of technological improvements has raised interest in smart bicycle accessories such as GPS systems, smart helmets with communication features, and fitness trackers designed specifically for cyclists. The use of such cutting-edge accessories indicates the tech-savvy mentality of Saudi consumers and their preference for innovative products. The country's climate, which is characterized by high temperatures for much of the year, necessitates the use of specific equipment. In this industry, cooling devices, UV-protective apparel, hydration solutions, and equipment intended for intense heat are critical. Furthermore, equipment for desert cycling, such as dust-resistant gear, gains popularity. Saudi Arabia is making significant investments in infrastructure development, including dedicated bike lanes and trails. The changing infrastructure influences the demand for accessories such as reflective gear, lights, and helmets. Furthermore, as cycling gains popularity as a viable method of transportation, the demand for accessories that facilitate the transport, storage, and security of bicycles grows. Rapid development in Saudi cities such as Riyadh and Jeddah has placed emphasis on alternative modes of transportation. As cities become more congested, there is a growing need for bicycle accessories that make commuting and urban cycling easier. Tourists and outdoor enthusiasts are drawn to Saudi Arabia's various landscapes, which range from coastal regions to deserts and mountains. This increases demand for specialized bicycle accessories designed for certain terrains, such as mountain biking gear, beach cruiser accessories, and touring equipment, resulting in the formation of a niche industry within the larger cycling accessories sector. Riding-related sporting events and activities, including races, tournaments, and community riding events, play an important role in influencing consumer enthusiasm and boosting accessory sales. These events not only raise awareness but also provide a venue for displaying and marketing new accessories.

In terms of product segment market is divided into apparel and components. Apparel product type is anticipated to grow at fastest rate in Saudi Arabia bicycle accessories market. Saudi Arabia has cultural standards that impact clothing choices, especially for outdoor activities. The demand for specialized riding clothing that meets cultural modesty norms while also providing comfort and functionality is increasing. As cycling becomes more popular, there is an increasing desire for gear that conforms to these cultural differences, fueling the demand for specialist apparel. The country's climate, which features scorching temperatures for much of the year, needs specialized cycling clothing. Breathable and moisture-wicking materials, UV-protective apparel, and designs suited for comfort in extreme temperatures are becoming increasingly important for cyclists. The demand for climate-adapted clothing that provides both sun protection and comfort during rides is a major driver of garment growth. Based on type segment market is segmented into OEM and aftermarket. Aftermarket type are expected to grow at fastest rate in Saudi Arabia bicycle accessories market. Cycling enthusiasts frequently strive to personalize or improve the performance of their bikes by upgrading components. This demand is met by the aftermarket segment, which provides a wide range of accessories such as high-performance tires, improved brake systems, specialty seats, handlebars, and other components. As cycling culture grows, there is a rising desire to personalize cycles to individual preferences, fueling demand for aftermarket equipment. As cycling becomes more popular as a form of transportation and recreational activity, the demand for replacement components and maintenance equipment grows. Chains, pedals, brakes, gears, and bearings require frequent maintenance or replacement due to wear and tear. The aftermarket segment drives growth by meeting this demand for spare parts and maintenance supplies.

Based on bicycle type market is majorly divided into electric, road bikes, mountain bikes, hybrid bike, youth, comfort and others. Road bikes segment is anticipated to lead the Saudi Arabia bicycle accessories market. Road cycling has grown in popularity as a form of fitness, sport, and leisure activity around the world, including in Saudi Arabia. The allure of long-distance rides, group cycling, and endurance contests has drawn a devoted community of road cycling aficionados across the country. The creation of dedicated bicycle lanes, particularly in urban areas, has increased the popularity of road cycling. Saudi Arabia's initiatives to improve bicycle infrastructure, resulting in safer and more accessible routes for cyclists, have helped road riders in particular. Road cycling is also associated with a certain way of life and fashion. The aesthetic appeal of road bikes and their accessories, as well as road rider’s sense of camaraderie, contribute to the segment's popularity among consumers seeking both performance and flair. Based on sales channel market is segmented into specialty bicycle retailers, full-line sporting goods stores, department stores & others, and online. Specialty bicycle retailers are one of the key sales channels for bicycle accessories in Saudi Arabia. These stores often have a diverse selection of bicycle accessories, catering to various bike types, riding disciplines, and consumer preferences. Whether its road bike accessories, mountain bike accessories, commuter bike accessories, or specialist cycling gear, specialty merchants usually have a large range, allowing clients to locate exactly what they need. Customer service and after-sales assistance are important to specialty shops. They help consumers with installation, provide maintenance advice, and offer support if there are any problems or concerns with the acquired accessories. This level of service improves the client experience and creates long-term partnerships.

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

Aspects covered in this report:
• Saudi Arabia Bicycle Accessories market 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:
• Apparel
• Components

By Type:
• OEM
• Aftermarket

By Bicycle Type:
• 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 industry, 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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