Europe Bicycle Accessories Market Outlook, 2029
The Europe Bicycle Accessories Market is segmented into By Products (Components, Apparel), By Components (Pedals, Saddles, Lighting system, Mirrors, Water bottle cages, Locks, Fenders and mud flaps and Others (Kickstands, Air Pumps & Tyre Pressure Gaugem)), By Apparel (Helmet, Cycling Gloves, Cycling Shoes, Cycling Clothes, Others (Arm warmer, Headband, Reflective Vest)), By Type (OEM, After-Market), By Bicycle Type (Electric, Road Bikes, Mountain Bikes, Hybrid Bike, Youth, Comfort, Others (Tandem, Folding, City Bike, Cargo Bikes)) and By Sales Channel (Specialty Bicycle Retailers, Full-Line Sporting, Goods Stores, Department Stores & Others and Online).
- Bonafide Research
- 31-01-2024
- Pages : 100
- Figures : 15
- Tables : 39
- Region : Europe
- Category : Automotive & Transport
- Transportation
The Europe Bicycle Accessories market is projected to add more than USD 1.5 Billion from 2024 to 2029, rising Government initiatives promoting cycling.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Largest Market Germany
- Fastest Market Russia
- Market Difference(2024-2029) USD 1.5
- Format
Featured Companies
- 1. Specialized Bicycle Components, Inc
- 2. Giant Manufacturing Co. Limited
- 3. Trek Bicycle
- 4. Thule Group
- 5. Garmin Ltd.
- 6. Shimano Inc
- More...
Bicycle Accessories Market Market Analysis
Europe has always been a cycling enthusiast's paradise because of its stunning scenery, bike-friendly cities, and deeply ingrained culture that values two-wheeled mobility. The market for bicycle accessories has experienced a consistent uptrend, reflecting the continent's growing passion for environmentally friendly and sustainable modes of transportation across its different areas. The growing focus on health and wellbeing is one of the main factors driving the expansion of the bicycle accessories industry in Europe. Bicycles have become a popular option for commuting and recreational use as people place a higher priority on fitness and environmental awareness. This change in consumer behavior has led to an increase in demand for accessories that prioritize safety and security while also improving the riding experience. The bicycle industry's technological advancements have completely changed the accessories available. The market is changing at a rapid pace due to innovation, from sophisticated GPS-enabled navigation systems and smart helmets to innovative lighting solutions and ergonomic saddle designs. Cycling accessories have become smarter through integration with smartphone apps and IoT (Internet of Things) connectivity, improving cyclists convenience and safety. The market for bicycle accessories in Europe is distinguished by a wide variety of products designed to specifically cater to the requirements of various riding niches. While adventure cyclists prefer durable panniers, high-performance lights, and GPS trackers for long-distance rides, urban commuters look for useful equipment like racks, panniers, and small folding locks for their everyday travels. The European market for bicycle accessories is further supported by legislative measures and government assistance. The sector is encouraged to grow by investments in infrastructure for bicycling, subsidies for electric bikes, and campaigns that encourage safe riding practices. Furthermore, more accessibility has resulted from the introduction of bike-sharing systems in key European cities, which has indirectly increased demand for accessories. According to the research report "Europe Bicycle Accessories Market Outlook, 2029," published by Bonafide Research, the Europe Bicycle Accessories market is projected to add more than USD 1.5 Billion from 2024 to 2029. Europe has some of the most bicycle-friendly cities in the world. Amsterdam frequently referred to as the world's cycling capital, exhibits this with its enormous network of bike lanes, parking facilities, and cycling-first culture. Copenhagen, Denmark, follows suit by emphasizing cycling as a key means of transportation. The emphasis on bike infrastructure in major areas has increased demand for a wide range of accessories, from strong locks to weather-resistant backpacks. The varied landscapes of Europe, ranging from flat plains to rocky mountains, accommodate a wide range of riding inclinations. This line of accessories shows this diversity. Cyclists climbing the Alps prefer specialized gear such as robust panniers and high-performance lights, whereas city commuters emphasize compact locks and sleek, aerodynamic bags. Europe is a center of innovation in the cycling accessory sector. Brands across the continent are always pushing the envelope, adopting cutting-edge technology and environmentally friendly materials. Companies in Germany and the Netherlands, for example, are pioneers in smart bike accessories, incorporating GPS tracking, communication features, and safety advances into their products. Cycling is more than just a form of transportation; it is profoundly ingrained in European culture. Cycles are celebrated throughout the continent through events such as the Tour de France and different local cycle festivals. This cultural connection fosters a market in which accessories not only serve a practical purpose but also represent personal style and tastes, resulting in a varied range of accessory designs and functionality.
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Market Drivers Growing emphasis on sustainable transportation: The increased awareness of environmental issues, as well as the emphasis on environmentally friendly modes of transportation, are driving demand for bicycles in Europe. As more individuals choose bicycles as an environmentally beneficial and healthful method of transportation, demand for bicycle accessories such as safety gear, lights, and storage solutions has increased significantly. Urbanization and infrastructure development: Current urbanization and infrastructure development initiatives in European cities have a significant impact on the bicycle accessories market. The development of dedicated cycling infrastructure, such as bike parking facilities and secure storage spaces, has boosted the convenience and safety of cycling, resulting in an increase in demand for accompanying accessories. Market Challenges Intense competition and price wars: The European bicycle accessories market is characterized by fierce rivalry, with multiple manufacturers competing for position in the market. This competitive environment frequently leads to price wars as businesses compete to give the most appealing pricing to customers. While this may assist consumers in the short term, it puts pressure on manufacturers and distributors profit margins. Maintaining quality standards while keeping costs reasonable becomes a delicate balancing act, and businesses must differentiate themselves through innovation, branding, and effective supply chain management. Counterfeiting and intellectual property concerns: In the bicycle accessories sector, counterfeiting and intellectual property infringement are chronic concerns. As the market expands, so does the potential for unauthorized reproduction of popular accessories. Counterfeit items not only reduce real producers' revenue, but they can also jeopardize safety and quality requirements. Protecting intellectual property through legal means, investing in strong anti-counterfeiting technologies, and raising customer knowledge about the risks of counterfeit items are critical tactics for enterprises in the bicycle accessories sector.
Bicycle Accessories Market Segmentation
| By Products | Components | |
| Apparels | ||
| By Components | Pedals | |
| Saddles | ||
| Lighting system | ||
| Mirrors | ||
| Water bottle cages | ||
| Locks | ||
| Fenders and mud flaps | ||
| Others (Kickstands, Air Pumps & Tyre Pressure Gaugem) | ||
| By Apparels | Helmet | |
| Cycling Gloves | ||
| Cycling Shoes | ||
| Cycling Clothes | ||
| Others (Arm warmer, Headband, Reflective Vest) | ||
| By Type | OEM | |
| AfterMarket | ||
| By Bicycle Type | Electric | |
| Road Bikes | ||
| Mountain Bikes | ||
| Hybrid Bike | ||
| Youth | ||
| Comfort | ||
| Others (Tandem,Folding, City Bike,Cargo Bikes) | ||
| By Sales Channel | Specialty Bicycle Retailers | |
| Full-Line Sporting Goods Stores | ||
| Department Stores & Others | ||
| Online | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
Based on product segment market is segmented into components and apparels. Components product segment dominates the Europe bicycle accessories market. Furthermore based on components product market includes pedals, saddles, lighting system, mirrors, water bottle cages, locks, fenders and mud flaps, and others. European cyclists have a habit of modifying and customizing their bicycles. They aim to improve performance, comfort, and aesthetics by incorporating high-quality components. Components such as advanced gears, brakes, pedals, and handlebars allow bikers to personalize their bikes to specific preferences, which contributes to the component segment's appeal. Cycling enthusiasts in Europe include both professional cyclists and casual riders who are dedicated to improving their bike experience. In order to improve speed, efficiency, and overall performance, this population is increasingly upgrading components such as lightweight frames, aerodynamic wheels, and high-performance drivetrains. Pedals are critical to a cyclist's performance and efficiency. Pedal upgrades can improve power transfer, cycling efficiency, and a more pleasant and stable grip. Cyclists, particularly enthusiasts and pros, frequently seek high-performance pedals to enhance their riding experience, which contributes to the component segment's appeal. In terms of materials, design, and technology, the pedal segment has undergone ongoing progress. The appeal of contemporary pedal versions is enhanced by advanced materials, lightweight structures, and features such as improved bearings. European cyclists, who are recognized for their interest in technology and quality, are likely to use pedals with the most recent developments. In terms of apparel products market is segmented into helmet, cycling gloves, cycling shoes, cycling clothes, and others. Among them helmet apparel product accounted for significant market in Europe bicycle accessories market. Based on type segment market includes OEM and Aftermarket. The cycling safety rules in Europe are severe, and there is a strong emphasis on safety awareness. In several European countries, wearing a helmet is sometimes a legal requirement, contributing to a continual need for helmet apparel. Furthermore, growing awareness of the importance of safety among bikers has resulted in a higher rate of helmet adoption. Europe has a robust bike commuter culture, particularly in cities. As more individuals choose bicycles for daily travel, safety becomes increasingly important. Helmets are seen as vital safety equipment, and the commuter culture contributes to the European market's continuous need for helmet apparel. Cycling as a form of exercise has grown in popularity throughout Europe as a result of an increasing emphasis on health and fitness. Cyclists who engage in fitness and recreational cycling are more likely to invest in safety gear, including helmets. The health-conscious demographic contributes to the demand for helmet apparel products. OEM accessories are meant to work in tandem with the original bicycles made by the same manufacturer. This assures compatibility and peak performance. European consumers, who frequently invest in high-quality bicycles, prefer OEM accessories to protect the integrity and performance of their bikes. The seamless connection adds to a more comfortable riding experience. OEM accessories are frequently designed to complement the unique features and performance characteristics of the original bicycles. European riders looking for maximum performance may select accessories that have been fine-tuned for compatibility with their bikes. The assumption that OEM accessories can improve overall performance can drive their market desirability. Based on bicycle type segment market is divided into electric, road bikes, mountain bikes, hybrid bike, youth, comfort and others. Road bikes segment is majorly leading the European bicycle accessories market. Based on sales channel market is bifurcated into specialty bicycle retailers, full-line sporting goods stores, department stores & others, and online. Road cycling has long been a popular and well-established hobby in Europe, drawing both amateur and professional cyclists. The ubiquity of road cycling events, both competitive and recreational, has led to the need for road bike accessories. This popularity is likely to have resulted in a larger market share for the road bike sector. Road bikes are distinguished by their lightweight construction, aerodynamic characteristics, and high-performance capabilities. Road bikes are popular among cyclists who value speed, endurance, and efficiency. As of the emphasis on performance, there is a demand for specialized accessories that suit the qualities of road bikes, such as lightweight components, aerodynamic accessories, and innovative gear systems. Specialty bicycle retailers are major distribution channel in Europe bicycle accessories market. Specialty bicycle merchants often have a diverse selection of bicycle accessories, including those tailored to specific cycling disciplines (road biking, mountain biking, commuting, and so on). This varied product offering allows customers to choose specific accessories that meet their interests and the sort of riding they do, which contributes to the success of these businesses. Customers can often test-ride bicycles and accessories before making a purchase at specialty cycling dealers. This hands-on expertise is especially important for high-priced items such as bicycles and specialized accessories. The opportunity to test products boosts consumer confidence and contributes to specialty shops' popularity.
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Bicycle Accessories Market Market Regional Insights
Based on report market includes six major countries, Germany, United Kingdom, France, Italy, Spain and Russia. Among them Germany accounted for largest market for bicycle accessories in Europe. Germany has established itself as a strong market for bicycle accessories as a result of its dedication to sustainable transportation and a strong cycling culture. Demand for high-quality bicycle accessories has increased as more Germans recognize the environmental and health benefits of cycling. Cycling has a long and rich history in Germany. It's no surprise that the country is one of the world's cycling hotspots, with its extensive network of riding paths, supportive infrastructure, and a culture that encourages bicycle commuting. Cycling is a way of life in Germany, not just a recreational hobby. Bicycles are an essential part of the German way of life, whether for commuting, pleasure riding, or long-distance touring. In Germany, urbanization has accelerated the trend of urban riding. As more people move to cities, there is a greater need for accessible, environmentally friendly, and cost-effective transportation options, which has led to a growth in urban cycling. Bicycling to work not only reduces traffic congestion, but it also helps to reduce carbon emissions, which is consistent with Germany's tough climate targets. This shift toward urban cycling has had a significant impact on the market for bicycle accessories, particularly those geared toward city cyclists. With the introduction of e-mobility, such as e-bikes and e-scooters, there has been an increase in demand for accessories such as charging stations, phone mounts, and safety equipment built specifically for these modes of transportation.
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Companies Mentioned
- Specialized Bicycle Components, Inc
- Giant Manufacturing Co. Limited
- Trek Bicycle
- Thule Group
- Garmin Ltd.
- Shimano Inc
- SRAM LLC
- Park Tool
- Fox Factory Holding Corp
- CatEye Co., Ltd
- ABUS August Bremicker Söhne KG
- Selle Royal Spa
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Bicycle Accessories Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Products
- 6. 5.4.1 Market Size and Forecast, By Components
- 7. 5.4.2 Market Size and Forecast, By Apparel
- 7.1. Market Size and Forecast, By Types
- 7.2. Market Size and Forecast, By Bicycle Type
- 7.3. Market Size and Forecast, By Sales Channel
- 8. Europe Bicycle Accessories Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By Products
- 8.4. Market Size and Forecast, By Types
- 8.5. Market Size and Forecast, By Bicycle Type
- 9. Market Dynamics
- 9.1. Market Drivers & Opportunities
- 9.2. Market Restraints & Challenges
- 9.3. Market Trends
- 9.4. Covid-19 Effect
- 9.5. Supply chain Analysis
- 9.6. Policy & Regulatory Framework
- 9.7. Industry Experts Views
- 9.8. Market Size and Forecast, By Sales Channel
- 9.9. Germany Bicycle Accessories Market Outlook
- 9.9.1. Market Size By Value
- 9.9.2. Market Size and Forecast By Products
- 9.9.3. Market Size and Forecast By Types
- 9.9.4. Market Size and Forecast By Bicycle Type
- 9.9.5. Market Size and Forecast By Sales Channel
- 9.10. United Kingdom Bicycle Accessories Market Outlook
- 9.10.1. Market Size By Value
- 9.10.2. Market Size and Forecast By Products
- 9.10.3. Market Size and Forecast By Types
- 9.10.4. Market Size and Forecast By Bicycle Type
- 9.10.5. Market Size and Forecast By Sales Channel
- 9.11. France Bicycle Accessories Market Outlook
- 9.11.1. Market Size By Value
- 9.11.2. Market Size and Forecast By Products
- 9.11.3. Market Size and Forecast By Types
- 9.11.4. Market Size and Forecast By Bicycle Type
- 9.11.5. Market Size and Forecast By Sales Channel
- 9.12. Italy Bicycle Accessories Market Outlook
- 9.12.1. Market Size By Value
- 9.12.2. Market Size and Forecast By Products
- 9.12.3. Market Size and Forecast By Types
- 9.12.4. Market Size and Forecast By Bicycle Type
- 9.12.5. Market Size and Forecast By Sales Channel
- 9.13. Spain Bicycle Accessories Market Outlook
- 9.13.1. Market Size By Value
- 9.13.2. Market Size and Forecast By Products
- 9.13.3. Market Size and Forecast By Types
- 9.13.4. Market Size and Forecast By Bicycle Type
- 9.13.5. Market Size and Forecast By Sales Channel
- 9.14. Russia Bicycle Accessories Market Outlook
- 9.14.1. Market Size By Value
- 9.14.2. Market Size and Forecast By Products
- 9.14.3. Market Size and Forecast By Types
- 9.14.4. Market Size and Forecast By Bicycle Type
- 9.14.5. Market Size and Forecast By Sales Channel
- 10. Competitive Landscape
- 10.1. Competitive Dashboard
- 10.2. Business Strategies Adopted by Key Players
- 10.3. Key Players Market Positioning Matrix
- 10.4. Porter's Five Forces
- 10.5. Company Profile
- 10.5.1. Shimano Inc
- 10.5.1.1. Company Snapshot
- 10.5.1.2. Company Overview
- 10.5.1.3. Financial Highlights
- 10.5.1.4. Geographic Insights
- 10.5.1.5. Business Segment & Performance
- 10.5.1.6. Product Portfolio
- 10.5.1.7. Key Executives
- 10.5.1.8. Strategic Moves & Developments
- 10.5.2. SRAM LLC
- 10.5.3. Giant Manufacturing Co. Ltd.
- 10.5.4. Trek Bicycle Corporation
- 10.5.5. Specialized Bicycle Components, Inc.
- 10.5.6. Park Tool
- 10.5.7. Fox Factory Holding Corp
- 10.5.8. CatEye Co., Ltd
- 10.5.9. ABUS August Bremicker Söhne KG
- 10.5.10. Thule Group AB
- 10.5.11. Selle Royal Spa
- 10.5.12. Garmin Ltd.
- 11. Strategic Recommendations
- 12. Annexure
- 12.1. FAQ`s
- 12.2. Notes
- 12.3. Related Reports
- 13. Disclaimer
Table 1: Global Bicycle Accessories Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Bicycle Accessories Market Size and Forecast, By Products (2018 to 2029F) (In USD Billion)
Table 6: Global Bicycle Accessories Market Size and Forecast, By Components (2018 to 2029F) (In USD Billion)
Table 7: Global Bicycle Accessories Market Size and Forecast, By Apparel (2018 to 2029F) (In USD Billion)
Table 8: Global Bicycle Accessories Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 9: Global Bicycle Accessories Market Size and Forecast, By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 10: Global Bicycle Accessories Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 11: Europe Bicycle Accessories Market Size and Forecast, By Products (2018 to 2029F) (In USD Billion)
Table 12: Europe Bicycle Accessories Market Size and Forecast, By Types (2018 to 2029F) (In USD Billion)
Table 13: Europe Bicycle Accessories Market Size and Forecast, By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 14: Influencing Factors for Bicycle Accessories Market, 2023
Table 15: Europe Bicycle Accessories Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 16: Germany Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 17: Germany Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 18: Germany Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 19: Germany Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 20: United Kingdom Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 21: United Kingdom Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 22: United Kingdom Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 23: United Kingdom Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 24: France Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 25: France Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 26: France Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 27: France Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 28: Italy Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 29: Italy Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 30: Italy Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 31: Italy Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 32: Spain Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 33: Spain Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 34: Spain Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 35: Spain Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 36: Russia Bicycle Accessories Market Size and Forecast By Products (2018 to 2029F) (In USD Billion)
Table 37: Russia Bicycle Accessories Market Size and Forecast By Types (2018 to 2029F) (In USD Billion)
Table 38: Russia Bicycle Accessories Market Size and Forecast By Bicycle Type (2018 to 2029F) (In USD Billion)
Table 39: Russia Bicycle Accessories Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Figure 1: Global Bicycle Accessories Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Bicycle Accessories Market Share By Region (2023)
Figure 6: Europe Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Europe Bicycle Accessories Market Share By Country (2023)
Figure 8: Germany Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: UK Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: France Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Italy Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Spain Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Russia Bicycle Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Porter's Five Forces of Global Bicycle Accessories Market
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