Bicycle Components Aftermarket Size, Analysis, Top Players, Target Audience and Forecast to 2032

Over the forecast period of 2022-2032, sales in the global bicycle components aftermarket are expected to grow at a CAGR of 6.9%, to reach a valuation of US$ 28.3 Bn by the end of 2032. Rising bicycle fleet across the globe is expected to be the key driving factor for the demand for bicycle components.

Growing popularity of bicycling as a recreational activity is expected to fuel the growth in the bicycle component aftermarket. Individuals are preferring cycling as a recreational and fitness activity across the globe.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5829

Increasing awareness regarding chronic disorders caused by leading a sedentary lifestyle among consumers is driving interest in cycling for a healthy lifestyle. As more individuals use biking as a regular form of exercise, demand for bicycle components is expected to increase at a considerable pace.

Rising importance of sports activities, particularly for health reasons, as well as celebrity endorsement and international or national sporting events, are encouraging people to participate in a variety of cycling activities. Backed by the aforementioned factors, sales of bicycle components will continue gaining traction over the assessment period.

“Increasing demand for electric bicycles, along with rising deployment of bicycle fleet across public entertainment infrastructures such as amusement parks, resorts and adventure parks will augment sales in the market,” says an FMI analyst.

Key Takeaways:

  • Based on bicycle type, the electric bicycle segment will create an absolute dollar opportunity worth US$ 4.9 Bn.
  • Sales of bicycle components from department sales are expected to account for 1/3rd of overall aftermarket sales.
  • In terms of component, the road groupsets segment is anticipated to hold more than half of the total market share.
  • The U.S. is expected to dominate the North America bicycle component aftermarket, with demand growing at a 4% CAGR over the forecast period.
  • Sales in the China market will hold 2/3rd of the East Asia bicycle component aftermarket share.
  • Demand in the India bicycle components aftermarket will grow at a 7.2% CAGR over the forecast period.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-5829

Competitive Landscape

Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd. are some of the leading manufacturers operating in the global bicycle components aftermarket.

Key Segments Covered in Bicycle Components Aftermarket Industry Analysis

By Component Type:

  • Derailleurs
  • Road Groupsets
  • Suspensions
  • Wheel Sets
  • Brakes
    • Hydraulic
    • Mechanical
  • Caliper Type
  • Gears
  • Others (Bottom Brackets etc.)

By Sales Channel:

  • Specialty Bicycle Retailers
  • Discount Stores
  • Department Stores
  • Full-line Sporting Goods Stores
  • Outdoor Specialty Stores
  • Other Sales Channel

By Bicycle Type:

  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Youth
  • Cruiser
  • Recumbent/Tandem
  • Electric
  • Folding

By Region:

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

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-5829

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

Top Reports Related To Automotive Market Insights

https://rigenrin.tribe.so/post/automotive-back-up-camera-market-insights-and-forecast-by-2032-an-automotiv–62e8fc4697dc92229c23e760

https://sharequant.tribe.so/post/automotive-back-up-camera-market-to-grow-at-robust-cagr-by-2032-an-automoti–62e8fc64f77f1b5820f54445

https://itsthesa.tribe.so/post/automotive-back-up-camera-market-revenue-growth-predicted-by-2032-an-automo–62e8fc8502d4ba33cb1bc10b

https://theastuteparent.tribe.so/post/automotive-back-up-camera-market-to-witness-stunning-growth-by-2032-an-auto–62e8fca213c5c70c3729222f

https://immigrationsociety.tribe.so/post/automotive-back-up-camera-market-to-witness-a-healthy-growth-by-2032-an-aut–62e8fcbfcfefdf8e2fdad085

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedInTwitterBlogs

Leave a comment

Your email address will not be published. Required fields are marked *