The bicycle accessories market is witnessing robust expansion, projected to grow from USD 15.86 billion in 2025 to USD 32.37 billion by 2034, representing a CAGR of 8.25%. Increasing demand for designer bicycles in developed countries, coupled with government initiatives aimed at expanding cycling infrastructure, is fueling industry growth.
Moreover, the integration of high-quality accessories in urban bicycles and the rising availability of accessories on e-commerce platforms are shaping the competitive landscape. The adoption of sustainable materials in accessory manufacturing is also expected to unlock new opportunities for market players in the years ahead.
Market Highlights
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Asia Pacific generated the largest revenue share of about 38% in 2025.
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North America is forecast to grow at the fastest CAGR during the period.
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Europe is expected to expand at a steady pace.
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By product type, components and parts accounted for 65% of the market share.
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By distribution channel, the OEM segment led with 56%, while e-commerce is set for the fastest growth.
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By end user, commuters represented 61% of the share, but fleet operators are expected to register the highest CAGR.
Key Market Trends in 2025
Rising Demand for Compact Headlights
Cyclists increasingly prefer compact headlights for night riding. For instance, Kom Cycling launched the Quick Release Light 350 in April 2025, offering enhanced visibility and convenience.
Business Expansions
Manufacturers are investing in new production facilities. In April 2025, Guardian Bikes announced a USD 19 million investment in a bicycle frame manufacturing plant in Seymour, Indiana.
Popularity of Cycle Racing Events
Cycling events are boosting demand for advanced accessories. In May 2025, the Maverick Criterium was launched in Oklahoma, reflecting the rising cycling enthusiasm in the U.S.
Government Initiatives Supporting Cycling
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England invested EUR 291 million in cycling infrastructure (Feb 2025).
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U.S. (NACTO) launched the Urban Bikeway Design Guide (Jan 2025).
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Cycling Cities campaign expanded bike lanes across 34 global cities (Jul 2025).
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Philippines DOTr rolled out the National Transportation Plan (Feb 2025).
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New Jersey initiated a Traffic-Calming program (Jun 2025).
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Regional Insights
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Asia Pacific led the market with 38% share, driven by cycling demand in China, India, and Japan.
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North America is set for the fastest growth, with the U.S. dominating due to rising adoption of road and hybrid bikes.
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Europe is witnessing strong adoption of electric bicycles, with Germany and Italy being key contributors.
Top Companies in the Bicycle Accessories Market
1. Specialized Bicycle Components, Inc.
About: A U.S.-based company recognized for innovation in high-performance bicycles and accessories.
Products: Saddles, helmets, gloves, cycling shoes, and bike components.
Market Cap: Estimated around USD 1.5 billion (private, industry-based valuation).
2. Maxxis International
About: A subsidiary of Cheng Shin Rubber (Taiwan), specializing in high-quality tires.
Products: Bicycle tires, tubes, gloves, and valves.
Market Cap: Parent company Cheng Shin Rubber valued at ~USD 3.8 billion.
3. Schwalbe Tires
About: German company founded in 1973, known for premium bicycle tires.
Products: Tires and tubes for road, touring, gravel, and mountain bikes.
Market Cap: Private company, revenue estimated ~USD 450 million annually.
4. Continental AG
About: A German multinational automotive supplier with a strong bicycle division.
Products: Tires, tubes, and bicycle components.
Market Cap: ~USD 24 billion (2025).
5. Cateye Co., Ltd.
About: Japanese company specializing in cycling electronics.
Products: Bicycle lights, reflectors, cycle computers, and sensors.
Market Cap: Private company, estimated USD 300 million revenue.
6. Topeak
About: Taiwan-based leading manufacturer of cycling tools and accessories.
Products: Pumps, repair kits, storage solutions, racks, and safety gear.
Market Cap: Private company with revenues over USD 250 million.
7. Lezyne
About: Founded in 2007, Lezyne designs stylish, high-performance accessories.
Products: GPS devices, headlights, pumps, and multi-tools.
Market Cap: Private company, estimated revenue USD 150 million.
8. Wahoo Fitness (incl. Speedplay)
About: U.S.-based company known for fitness technology integration.
Products: Smart trainers, cycling computers, pedals, and heart-rate monitors.
Market Cap: Private company, valued at USD 1 billion+.
9. Garmin Ltd.
About: A global leader in GPS and navigation technologies.
Products: Cycling computers, GPS devices, wearables, and radars.
Market Cap: ~USD 21 billion (2025).
10. Shimano Inc.
About: Japanese multinational and one of the most dominant cycling component manufacturers.
Products: Gears, brakes, pedals, and drivetrain systems.
Market Cap: ~USD 15 billion (2025).
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Frequently Asked Questions (FAQs)
Q1. What is the market size of the bicycle accessories market in 2025?
The market is valued at USD 15.86 billion in 2025 and projected to reach USD 32.37 billion by 2034.
Q2. Which region is the largest contributor to the bicycle accessories market?
Asia Pacific led the market with a 38% share in 2025, driven by strong demand in China, India, and Japan.
Q3. Which product segment dominates the market?
The components and parts segment dominates with a 65% share in 2025.
Q4. Which distribution channel is expected to grow the fastest?
The e-commerce and direct-to-consumer platforms are projected to expand at the fastest CAGR.
Q5. Who are the key players in the bicycle accessories market?
Some of the leading players include Specialized, Maxxis, Schwalbe, Continental, Cateye, Topeak, Lezyne, Wahoo Fitness, Garmin, and Shimano.
Source : https://www.towardsautomotive.com/insights/bicycle-accessories-market-sizing
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