Summary

Persistence Market Research has recently published a detailed report on the global market for bicycle components, offering a comprehensive evaluation of critical market dynamics such as drivers, trends, opportunities, and challenges. This in-depth analysis provides valuable insights into the current market structure and future projections.

Key Insights:

• Bicycle Components Market Size (2024E): USD 14.8 Bn
• Projected Market Value (2033F): USD 29.0 Bn
• Global Market Growth Rate (CAGR 2024 to 2033): 7.8%

Bicycle Components Market - Report Scope:

Bicycle components are crucial for ensuring the overall performance, safety, and functionality of bicycles. The market encompasses a diverse range of products, including gears, brakes, chains, derailleurs, and wheels, used across various types of bicycles such as road, mountain, hybrid, and electric bikes. Market growth is fueled by increasing health consciousness, the rising trend of cycling as a sustainable transportation option, and the growing popularity of electric bicycles (e-bikes).

Market Growth Drivers:

The global bicycle components market is driven by key factors, including the growing adoption of bicycles for fitness and recreation, alongside the increasing emphasis on eco-friendly transportation. The rising demand for e-bikes, supported by technological advancements and consumer preference for efficient commuting solutions, plays a significant role in propelling market growth. Moreover, government initiatives promoting cycling infrastructure and the expanding popularity of cycling sports further enhance the demand for high-performance bicycle components.

Market Restraints:

Despite a positive growth trajectory, the bicycle components market faces challenges such as fluctuating raw material prices and the high costs associated with advanced components. The premium pricing of high-performance and specialized components may pose a barrier for price-sensitive consumers, particularly in developing regions. Additionally, supply chain disruptions and the proliferation of counterfeit products could hinder market growth and affect the perceived quality of authentic components.

Market Opportunities:

Significant growth opportunities in the bicycle components market are driven by innovations in materials and technology, such as the development of lightweight and durable carbon fiber components. The growing trend of bicycle customization and the increasing demand for high-end, performance-oriented bicycles create new possibilities for market players. Expansion in emerging markets, where cycling is gaining traction both as a sport and as a mode of transportation, offers additional growth potential. Strategic partnerships with bicycle manufacturers, investment in R&D, and the introduction of affordable, high-quality components are vital for capitalizing on these emerging opportunities.

Key Questions Answered in the Report:

• What are the main factors driving global growth in the bicycle components market?
• Which component types and technologies are leading the adoption across different bicycle categories?
• How are technological advancements shaping the competitive landscape of the bicycle components market?
• Who are the key players in the bicycle components market, and what strategies are they using to stay competitive?
• What are the emerging trends and future prospects in the global bicycle components market?

Competitive Intelligence and Business Strategy:

Leading players in the global bicycle components market, such as Shimano Inc., SRAM LLC, and Campagnolo S.r.l., prioritize innovation, product differentiation, and strategic partnerships to maintain a competitive edge. These companies invest in R&D to develop advanced components, including electronic shifting systems and aerodynamic wheels, catering to diverse consumer preferences and performance requirements. Collaborations with bicycle manufacturers and retailers are essential for market access and promoting the adoption of advanced components. A focus on quality, performance, and sustainability drives market growth and strengthens the position of key players in the evolving bicycle industry.

Key Companies Profiled:

• SRAM LLC
• KMC Group
• Shimano Inc
• Giant Manufacturing Co. Ltd
• Campagnolo S.r.l
• Atlas Cycles Ltd
• Hayes Bicycle Group
• Dorel Industries Inc
• Tektro Technology Corporation
• Merida Industry Co. Ltd

Key Segments of Bicycle Components Market:

Component:

• Frames
• Saddles
• Rims
• Brakes
• Pedals

Bicycle Type:

• Mountain Bikes
• Hybrid/Cross
• Road
• Comfort
• Youth
• Cruiser
• Electric

Sales Channel:

• OEMs
• Aftermarket

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Bicycle Components Market Demand Analysis 2019-2023 and Forecast, 2024-2033
5.1. Historical Market Volume (‘Mn Units) Analysis, 2019-2023
5.2. Current and Future Market Volume (‘Mn Units) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Bicycle Components Market - Pricing Analysis
6.1. Regional Pricing Analysis By Component
6.2. Global Average Pricing Analysis Benchmark
7. Global Bicycle Components Market Demand (US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033
7.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
7.3. Y-o-Y Growth Trend Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global GDP Growth Overview
8.1.3. Other Key Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. Manufacturing Value Added Growth Outlook
8.2.2. Global Economic Growth Outlook
8.2.3. Global Urbanization Outlook
8.2.4. Impact of Regulations
8.2.5. Other Key Forecast Factors
8.3. Value Chain Analysis
8.4. Impact of COVID – 19 Crisis
8.4.1. Current Statistics
8.4.2. Impact on Market Size
8.4.3. Impact on Automotive Sensor Cleaning Market
8.4.4. Impact Assessment
8.4.5. Impact By Region
8.4.6. Recovery Scenarios
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
9. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, by Component
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Component, 2019-2023
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Component, 2024-2033
9.3.1. Frame
9.3.2. Saddle
9.3.3. Rim
9.3.4. Brake
9.3.5. Pedals
9.4. Market Attractiveness Analysis By Component
10. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, By Bicycle
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Bicycle, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Bicycle, 2024-2033
10.3.1. Mountain Bike
10.3.2. Hybrid/Cross
10.3.3. Road
10.3.4. Comfort
10.3.5. Youth
10.3.6. Cruiser
10.3.7. Electric
10.4. Market Attractiveness Analysis By Bicycle
11. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, By Sales Channel
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Sales Channel, 2019-2023
11.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Sales Channel, 2024-2033
11.3.1. OEM
11.3.2. Aftermarket
11.4. Market Attractiveness Analysis By Sales Channel
12. Global Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2033
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia & Pacific
12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
13.1. Introduction
13.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Component
13.3.3. By Bicycle
13.3.4. By Sales Channel
13.4. Market Attractiveness Analysis
14. Latin America Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
14.1. Introduction
14.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Component
14.3.3. By Bicycle
14.3.4. By Sales Channel
14.4. Market Attractiveness Analysis
15. Europe Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
15.1. Introduction
15.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. U.K.
15.3.1.5. Spain
15.3.1.6. BENELUX
15.3.1.7. Nordics
15.3.1.8. Poland
15.3.1.9. Russia
15.3.1.10. Rest of Europe
15.3.2. By Component
15.3.3. By Bicycle
15.3.4. By Sales Channel
15.4. Market Attractiveness Analysis
16. South Asia & Pacific Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
16.1. Introduction
16.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
16.3.1. By Country
16.3.1.1. India
16.3.1.2. ASEAN
16.3.1.3. Oceania
16.3.1.4. Rest of South Asia
16.3.2. By Component
16.3.3. By Bicycle
16.3.4. By Sales Channel
16.4. Market Attractiveness Analysis
17. East Asia Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
17.1. Introduction
17.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.2. By Component
17.3.3. By Bicycle
17.3.4. By Sales Channel
17.4. Market Attractiveness Analysis
18. Middle East and Africa Bicycle Components Market Analysis 2019-2023 and Forecast 2024-2033
18.1. Introduction
18.2. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. Israel
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. By Component
18.3.3. By Bicycle
18.3.4. By Sales Channel
18.4. Market Attractiveness Analysis
19. Key and Emerging Countries Bicycle Components Market Analysis
19.1. U.S. Bicycle Components Market Analysis
19.1.1. By Component
19.1.2. By Bicycle
19.2. Canada Bicycle Components Market Analysis
19.2.1. By Component
19.2.2. By Bicycle
19.3. Brazil Bicycle Components Market Analysis
19.3.1. By Component
19.3.2. By Bicycle
19.4. Mexico Bicycle Components Market Analysis
19.4.1. By Component
19.4.2. By Bicycle
19.5. Germany Bicycle Components Market Analysis
19.5.1. By Component
19.5.2. By Bicycle
19.6. Italy Bicycle Components Market Analysis
19.6.1. By Component
19.6.2. By Bicycle
19.7. Spain Bicycle Components Market Analysis
19.7.1. By Component
19.7.2. By Bicycle
19.8. BENELUX Bicycle Components Market Analysis
19.8.1. By Component
19.8.2. By Bicycle
19.9. U.K. Bicycle Components Market Analysis
19.9.1. By Component
19.9.2. By Bicycle
19.10. Russia Bicycle Components Market Analysis
19.10.1. By Component
19.10.2. By Bicycle
19.11. France Bicycle Components Market Analysis
19.11.1. By Component
19.11.2. By Bicycle
19.12. China Bicycle Components Market Analysis
19.12.1. By Component
19.12.2. By Bicycle
19.13. Japan Bicycle Components Market Analysis
19.13.1. By Component
19.13.2. By Bicycle
19.14. South Korea Bicycle Components Market Analysis
19.14.1. By Component
19.14.2. By Bicycle
19.15. India Bicycle Components Market Analysis
19.15.1. By Component
19.15.2. By Bicycle
19.16. ASEAN Bicycle Components Market Analysis
19.16.1. By Component
19.16.2. By Bicycle
19.17. Australia and New Zealand Bicycle Components Market Analysis
19.17.1. By Component
19.17.2. By Bicycle
19.18. GCC Countries Bicycle Components Market Analysis
19.18.1. By Component
19.18.2. By Bicycle
19.19. Israel Bicycle Components Market Analysis
19.19.1. By Component
19.19.2. By Bicycle
19.20. Turkey Bicycle Components Market Analysis
19.20.1. By Component
19.20.2. By Bicycle
19.21. South Africa Bicycle Components Market Analysis
19.21.1. By Component
19.21.2. By Bicycle
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Bicycle Components)
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
20.4.1. Product foot print by Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. SRAM LLC
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Key Financials
21.3.1.4. SWOT Analysis
21.3.1.5. Strategy Overview
21.3.2. KMC Group
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Key Financials
21.3.2.4. SWOT Analysis
21.3.2.5. Strategy Overview
21.3.3. Shimano Inc
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Key Financials
21.3.3.4. SWOT Analysis
21.3.3.5. Strategy Overview
21.3.4. Giant Manufacturing Co. Ltd
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Key Financials
21.3.4.4. SWOT Analysis
21.3.4.5. Strategy Overview
21.3.5. Campagnolo S.r.l
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Key Financials
21.3.5.4. SWOT Analysis
21.3.5.5. Strategy Overview
21.3.6. Atlas Cycles Ltd
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Key Financials
21.3.6.4. SWOT Analysis
21.3.6.5. Strategy Overview
21.3.7. Hayes Bicycle Group
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Key Financials
21.3.7.4. SWOT Analysis
21.3.7.5. Strategy Overview
21.3.8. Dorel Industries Inc
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Key Financials
21.3.8.4. SWOT Analysis
21.3.8.5. Strategy Overview
21.3.9. Tektro Technology Corporation
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Key Financials
21.3.9.4. SWOT Analysis
21.3.9.5. Strategy Overview
21.3.10. Merida Industry Co. Ltd
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Key Financials
21.3.10.4. SWOT Analysis
21.3.10.5. Strategy Overview
Note: List of companies is not exhaustive in nature. It may be further augmented & refined during the course of research study
22. Assumptions and Acronyms Used
23. Research Methodology