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Bicycle Accessories Market Review: All Eyes on 2024 Outlook

Bicycle Accessories Market

HTF MI introduces new research on Bicycle Accessories covering the micro level of analysis by competitors and key business segments (2024-2030). The Bicycle Accessories explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Accell Group N.V. (Netherlands), Avon Cycles Ltd. (India), Garmin Ltd. (United States), Giant Manufacturing Co. Ltd (Taiwan), Merida Industry Co. Ltd. (Taiwan), Endura Ltd (Scotland), Samchuly Bicycle Co. Ltd (South Korea), Campagnolo S.R.L. (Italy), Shimano, Inc. (Japan), Continental AG (Germany), DT SWISS AG (Switzerland), Accell Group N.V. (Netherlands), Specialized Bicycle Components, Inc. (United States), Trek Bicycle Corporation (United States), Lezyne (United States)..

 

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The global Bicycle Accessories market size is expanding at robust growth of 7.5%, sizing up market trajectory from USD 12.5 Billion in 2023 to USD 20.489 Billion by 2029.

Definition:
The bicycle accessories market encompasses a diverse range of products designed to enhance the functionality, safety, and comfort of bicycles. These accessories cater to both recreational and professional cyclists, offering solutions for transportation, performance improvement, and style.

 

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you a complete perspective. It’s crucial you stay up with the latest sectioned by Applications [OEM, Aftermarket], Product Types [Apparel, Component] and some significant parts of the business.

 

Market Trends:

  • Technological Advancements: Integration of smart technology in accessories, such as GPS navigation, fitness tracking, and electronic gear shifting systems.

Market Drivers:

  • Increasing Cycling Popularity: Growing interest in cycling for fitness, commuting, and recreational purposes, driving the demand for accessories.

Market Opportunities:

  • Innovation in Safety: Opportunities for developing advanced safety accessories such as smart helmets, visibility-enhancing lights, and accident prevention systems.

Market Restraints:

  • Innovation in Safety: Opportunities for developing advanced safety accessories such as smart helmets, visibility-enhancing lights, and accident prevention systems.

 

Market Challenges:

  • Innovation in Safety: Opportunities for developing advanced safety accessories such as smart helmets, visibility-enhancing lights, and accident prevention systems.

 

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Bicycle Accessories Market by Key Players:
Accell Group N.V. (Netherlands), Avon Cycles Ltd. (India), Garmin Ltd. (United States), Giant Manufacturing Co. Ltd (Taiwan), Merida Industry Co. Ltd. (Taiwan), Endura Ltd (Scotland), Samchuly Bicycle Co. Ltd (South Korea), Campagnolo S.R.L. (Italy), Shimano, Inc. (Japan), Continental AG (Germany), DT SWISS AG (Switzerland), Accell Group N.V. (Netherlands), Specialized Bicycle Components, Inc. (United States), Trek Bicycle Corporation (United States), Lezyne (United States).


Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

 

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

  • Political (Political policy and stability as well as trade, fiscal, and taxation policies)
  • Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
  • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
  • Technological (Changes in digital or mobile technology, automation, research, and development)
  • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
  • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Australia or Southeast Asia.

 

About Us:

HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.

 

Contact Us:

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HTF Market Intelligence Consulting Private Limited
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sales@htfmarketintelligence.com

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