USA Bicycle Accessories Market Outlook to 2030

Region:North America

Author(s):Vijay Kumar

Product Code:KROD10250

Published On

November 2024

Total pages

84

About the Report

USA Bicycle Accessories Market Overview

  • The USA bicycle accessories market is valued at USD 2 billion, based on a five-year historical analysis. This market is primarily driven by the increasing popularity of cycling as a sustainable mode of transportation, alongside a growing health-conscious consumer base. Factors such as urbanization and the rise of e-bikes have contributed to a surge in demand for safety and performance accessories, making them essential for a diverse group of cyclists
  • Cities such as San Francisco, New York, and Austin are dominant in the USA bicycle accessories market due to robust cycling infrastructure, active cycling communities, and supportive local government policies. San Francisco, for example, has invested heavily in dedicated cycling lanes and bike-sharing programs, which increase demand for accessories that enhance rider safety and comfort. The active cycling culture in these cities, combined with strong eco-conscious movements, has driven a notable increase in the demand for high-quality accessories.
  • The U.S. Department of Transportation reports that new safety mandates for cyclists have been implemented in over 30 states, covering helmet use, bike lights, and reflectors. Compliance with these regulations is creating demand for regulated safety accessories. European countries have also introduced similar laws, resulting in increased safety gear adoption across regions like France and Germany.

market overviews

USA Bicycle Accessories Market Segmentation

By Product Type: The USA bicycle accessories market is segmented by product type into helmets, lighting systems, racks and baskets, and protective gear. Helmets hold the largest market share within this segment due to stringent safety regulations and rising consumer awareness about accident prevention. The dominance of helmets is further supported by advancements in helmet technology, offering features such as integrated lights and smart communication systems that appeal to tech-savvy consumers (Grand View Research, Fortune Business Insights).

market overviews

By Distribution Channel: The distribution channel segmentation includes online and offline sales. The offline channel has a larger share due to consumer preference for testing accessories before purchase, especially high-value items like helmets and lighting systems. However, online channels are gaining momentum, driven by convenience, the ability to compare a wide range of products, and the prevalence of e-commerce platforms that offer competitive pricing (Valuates Reports, Cognitive Market Research).

market overviews

USA Bicycle Accessories Market Competitive Landscape

The USA bicycle accessories market features several prominent players who drive innovation and market reach through advanced product offerings and strategic partnerships. The USA market is dominated by a few key players, with large companies like Shimano and Garmin maintaining significant influence due to their technological innovations and comprehensive product ranges.

market overviews

USA Bicycle Accessories Industry Analysis

Growth Drivers

  • Fitness and Health Trends (Increasing Cycling Demand): Recent health trends reflect a marked increase in physical activity, with over 350 million people globally participating in cycling as part of their exercise regimen. Data from the World Health Organization (WHO) shows that cycling participation has risen by 12 million individuals across Europe and North America alone over the last two years due to rising awareness of heart health and fitness. Additionally, cycling reduces the risk of cardiovascular diseases, diabetes, and obesity, making it a preferred choice.
  • Urban Congestion (Rise in Bicycle Commuting): According to the United Nations Department of Economic and Social Affairs (UNDESA), urban congestion costs cities globally an estimated $300 billion in lost productivity each year. In response, over 40 million people in urban centers across Europe and Asia are now using bicycles as their primary commuting method. In cities like Amsterdam, London, and Berlin, government data shows bike usage has grown by 8-15%, as commuting by bicycle reduces travel time in traffic-heavy areas by approximately 25 minutes daily.
  • E-Commerce Expansion (Online Sales Growth): Data from the World Bank highlights that e-commerce transactions reached over 3 billion in 2024, contributing significantly to global retail sales. In the U.S. and Europe, more than 25 million cycling-related items were purchased online last year, indicating a shift toward digital retail for accessories. This trend is particularly strong in the cycling industry, where consumers seek convenience and variety. Market dynamics reflect that online retailers offering cycling accessories are seeing increased traffic and sales.

Market Challenges

  • Competition with Motorized Vehicles: Reports from the International Energy Agency (IEA) indicate that over 1.4 billion vehicles are currently in use worldwide, with automobiles still being the primary choice for transport in many urban areas. The infrastructure in cities like Los Angeles and Tokyo supports vehicle dominance, limiting the adoption of bicycles. Although bicycles offer environmental and health benefits, competition with motorized transport challenges the accessory market, as many individuals opt for the convenience of motorized vehicles.
  • High Cost of Advanced Accessories: According to the U.S. Bureau of Economic Analysis, inflation and supply chain costs have increased the price of advanced bicycle accessories by approximately 18% since 2022. While there is a demand for high-tech items like GPS-enabled helmets, the cost often deters purchases, especially in markets with less disposable income. This pricing barrier impacts the market potential for premium accessories, challenging companies to balance quality with affordability.

USA Bicycle Accessories Market Future Outlook

The USA bicycle accessories market is expected to grow steadily, fueled by trends in eco-friendly transportation, urbanization, and government incentives for sustainable commuting solutions. Innovations in e-bike technology and accessories are anticipated to boost market expansion further, as are improvements in digital connectivity in cycling gear (Fortune Business Insights, Cognitive Market Research).

Market Opportunities

  • Rising Demand for E-Bike Accessories: In 2024, over 12 million e-bikes are currently in use in Europe alone, with a significant increase in demand for specialized accessories. Governments across Europe, as per data from the European Environment Agency, report funding of up to 500 million for e-bike infrastructure, spurring the demand for compatible accessories. E-bike riders often seek unique components such as battery-integrated lights and mobile phone mounts, creating substantial growth opportunities in the accessory market.
  • Technological Advancements in Safety Accessories: The International Transport Forum (ITF) reports that road safety remains a critical concern, with 1.35 million road traffic deaths per year globally. As a response, manufacturers are integrating advanced safety technology, such as real-time sensors and visibility-enhancing lights, into cycling accessories. For example, demand for GPS-integrated helmets has surged by 8% in 2023. With urban safety regulations tightening, technologically advanced safety accessories are an emerging market.

Scope of the Report

Product Type

Helmets

Lights

Bags

Clothing

Trackers

Bicycle Type

Road

Mountain

Electric

Kids' Bikes

Sales Channel

Online Retail

Physical Retail

Specialty Shops

Distribution Channel

OEM

Aftermarket

Region

North America

Europe

Asia-Pacific

Rest of the World

Products

Key Target Audience

  • Bicycle and E-Bike Manufacturers

  • Government and Regulatory Bodies (U.S. Department of Transportation, National Highway Traffic Safety Administration)

  • Investments and Venture Capitalist Firms

  • Urban Mobility and Infrastructure Planners

  • Online Retailers and E-Commerce Platforms

  • Sporting Goods Distributors and Retailers

  • Cycling Event Organizers and Sponsors

  • Tech Companies in Wearable and Smart Accessories

Companies

Players Mentioned in the Report

  • Shimano Inc.

  • Specialized Bicycle Components

  • Trek Bicycle Corporation

  • Garmin Ltd.

  • Accell Group

Table of Contents

1. Market Overview

1.1 Definition and Scope

1.2 Market Taxonomy

1.3 Market Growth Rate

1.4 Market Segmentation Overview

2. Market Size (USD Billion)

2.1 Historical Market Size

2.2 Year-on-Year Growth Analysis

2.3 Key Market Developments and Milestones

3. Market Analysis

3.1 Growth Drivers

3.1.1 Fitness and Health Trends (Increasing Cycling Demand)

3.1.2 Urban Congestion (Rise in Bicycle Commuting)

3.1.3 E-Commerce Expansion (Online Sales Growth)

3.1.4 Government Initiatives (Sustainable Transportation)

3.2 Market Challenges

3.2.1 Competition with Motorized Vehicles

3.2.2 High Cost of Advanced Accessories

3.2.3 Consumer Preferences Shifting Towards E-Bikes

3.2.4 Supply Chain Constraints and Cost Pressures

3.3 Opportunities

3.3.1 Rising Demand for E-Bike Accessories

3.3.2 Technological Advancements in Safety Accessories

3.3.3 Growth in Bikepacking and Tourism

3.3.4 Eco-Friendly Materials in Manufacturing

3.4 Trends

3.4.1 Smart Accessories (Integration with GPS/Apps)

3.4.2 Growth in Customization and Personalization

3.4.3 Increased Demand for High-Quality Safety Gear

3.5 Regulatory Landscape

3.5.1 Federal and State Regulations on Bicycle Safety

3.5.2 Import Duties and Tariffs on Bicycle Accessories

3.5.3 Subsidies and Tax Incentives for Bicycling Infrastructure

3.6 SWOT Analysis

3.7 Porters Five Forces Analysis

3.8 Stakeholder Ecosystem

3.9 Competitive Landscape Overview

4. Market Segmentation

4.1 By Product Type (in Value %)

4.1.1 Helmets

4.1.2 Lights and Reflectors

4.1.3 Bags and Racks

4.1.4 Clothing and Gloves

4.1.5 Fitness and Performance Trackers

4.2 By Bicycle Type (in Value %)

4.2.1 Road Bikes

4.2.2 Mountain Bikes

4.2.3 Electric Bikes (E-Bikes)

4.2.4 Kids Bikes

4.3 By Sales Channel (in Value %)

4.3.1 Online Retail

4.3.2 Physical Retail Stores

4.3.3 Specialty Shops

4.4 By Distribution Channel (in Value %)

4.4.1 OEM

4.4.2 Aftermarket

4.5 By Region (in Value %)

4.5.1 North America

4.5.2 Europe

4.5.3 Asia-Pacific

4.5.4 Rest of the World

5. Competitive Analysis

5.1 Company Profiles of Major Competitors

5.1.1 Shimano Inc.

5.1.2 Trek Bicycle Corporation

5.1.3 Specialized Bicycle Components, Inc.

5.1.4 SRAM LLC

5.1.5 Garmin Ltd.

5.1.6 Bell Sports, Inc.

5.1.7 Giant Bicycles

5.1.8 Accell Group B.V.

5.1.9 Fox Factory Holding Corp.

5.1.10 Lezyne

5.1.11 Merida & Centurion Germany GmbH

5.1.12 Omax Corp.

5.1.13 Huffy Corporation

5.1.14 ABUS August Bremicker Shne KG

5.1.15 Marin Bikes

5.2 Cross Comparison Parameters (Market-Specific)

Product Range

Revenue by Segment

Geographic Presence

Product Innovations

Pricing Strategy

Customer Segment Focus

Distribution Network

Brand Equity

5.3 Market Share Analysis

5.4 Strategic Initiatives

5.5 Mergers and Acquisitions

5.6 Investment Landscape

5.7 Funding and Grants

5.8 Venture Capital and Private Equity Analysis

6. Regulatory Framework

6.1 Safety Standards

6.2 Compliance Requirements for Accessories

6.3 Certification Processes for Safety and Quality

7. Future Market Size (USD Billion)

7.1 Projected Market Size

7.2 Key Drivers Influencing Future Growth

8. Future Market Segmentation

8.1 By Product Type (in Value %)

8.2 By Bicycle Type (in Value %)

8.3 By Sales Channel (in Value %)

8.4 By Distribution Channel (in Value %)

8.5 By Region (in Value %)

9. Analyst Recommendations

9.1 TAM/SAM/SOM Analysis

9.2 Market Penetration Strategies

9.3 Marketing and Consumer Outreach

9.4 Product Innovation Opportunities

Disclaimer Contact Us

Research Methodology

Step 1: Identification of Key Variables

The initial stage identifies critical variables influencing the USA Bicycle Accessories Market. This involves comprehensive desk research and stakeholder analysis to understand market dynamics fully.

Step 2: Market Analysis and Construction

Historical data is analyzed to assess past trends and patterns in product demand and distribution. This phase includes mapping distribution channels and consumer trends to refine market estimations.

Step 3: Hypothesis Validation and Expert Consultation

Expert interviews are conducted using CATIs with industry practitioners to validate key hypotheses. These consultations provide in-depth insights into operational dynamics and product preferences.

Step 4: Research Synthesis and Final Output

The data is synthesized into a comprehensive report, integrating feedback from consultations with quantitative market data for accuracy and relevance.

Frequently Asked Questions

01. How big is the USA Bicycle Accessories Market?

The USA bicycle accessories market is valued at USD 2 billion, based on a five-year historical analysis. This market is primarily driven by the increasing popularity of cycling as a sustainable mode of transportation, alongside a growing health-conscious consumer base.

02. What are the growth drivers in the USA Bicycle Accessories Market?

Key drivers include the rise of e-bikes, urban cycling infrastructure development, and the growing emphasis on health and fitness, which fuels demand for safety and performance accessories.

03. Who are the major players in the USA Bicycle Accessories Market?

Top players include Shimano, Trek Bicycle Corp., Specialized Bicycle Components, Garmin Ltd., and Accell Group, which lead the market with diverse product portfolios and strategic innovations.

04. What challenges face the USA Bicycle Accessories Market?

Challenges include supply chain disruptions, raw material shortages, and high competition from alternative mobility options, impacting production and distribution.

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