Lewes, DE -- (SBWire) -- 06/20/2019 --Global Bicycle Parts and Accessories market will register a 2.4% CAGR in terms of revenue, the global market size will reach USD 6.03 Billion by 2024, from USD 5.36 Billion in 2019.
Bicycle Parts and Accessories are a general term for all parts and accessories of bicycles. According to the structural frame of the bicycle body, it can be divided into several categories: transmission parts, frame & forks parts, wheel parts, steering components, and so on.
Among the 25 accessories such as the transmission parts, frame & forks parts, wheel parts, steering components of bicycles, the basic components are indispensable. Among them, the frame is the skeleton of the bicycle, and it bears the greatest weight of people and goods. According to the working characteristics of each accessory, it can be roughly divided into guiding system, driving system and braking system.
The bicycle parts and accessories is classified into the transmission parts, frame & forks parts, wheel parts, steering components and other according to the bicycle body structure.
The bicycle parts and accessories market is relative concentrated market; key players include Shimano, SRAM, Fox Factory Holding, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA, Dorel Industries, Eastman Industries Limited, Colnago; the revenue of top five manufacturers accounts about 71% of the total revenue in 2018. The high-end products mainly come from Japan and USA.
According to this study, over the next five years the Bicycle Parts and Accessories market will register a 2.4% CAGR in terms of revenue, the global market size will reach US$ 6030 million by 2024, from US$ 5360 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bicycle Parts and Accessories business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle Parts and Accessories market by product type, application, key manufacturers and key regions and countries.
This study considers the Bicycle Parts and Accessories value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Transmission Parts
Frame & Forks Parts
Wheel Parts
Steering Components
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Mountain Bicycles
Road Bicycles
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Shimano
SRAM
Fox Factory Holding
Campagnolo
HL CORP
GIANT
DT SWISS
Prowheel
MERIDA
Dorel Industries
Eastman Industries Limited
Colnago
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Bicycle Parts and Accessories consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bicycle Parts and Accessories market by identifying its various subsegments.
Focuses on the key global Bicycle Parts and Accessories manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bicycle Parts and Accessories with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bicycle Parts and Accessories submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Spanning over 158 pages "Forecast of Global Bicycle Parts and Accessories Market Growth 2024" report covers Scope of the Report, Executive Summary, Global Bicycle Parts and Accessories by Players, Bicycle Parts and Accessories by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Bicycle Parts and Accessories Market Forecast, Key Players Analysis, Research Findings and Conclusion.
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