Top Bicycle Accessories Companies

Global Bicycle Accessories Market size was valued at USD 13.56 Billion in 2023 and is poised to grow from USD 14.59 Billion in 2024 to USD 24.28 Billion by 2032, growing at a CAGR of 7.55% in the forecast period (2025-2032).

Leading market players are dedicating substantial resources to R&D for product line expansion that will further increase the growth of the bicycle apparels & accessories market. Participants in the market are pursuing multiple strategic initiatives to broaden their reach which includes important market developments such as launching new products along with forming contractual agreements and executing mergers and acquisitions. The bicycle accessories industry needs to deliver cost-effective products to sustain and enlarge their market share in a competitive and growing marketplace. Manufacturers in the bicycle accessories industry employ localized production as a major business strategy to lower operational costs which results in client benefits and market sector expansion in recent years. 'Adidas AG', 'Avon Cycles Ltd.', 'Campagnolo Srl', 'Eastman Industries Ltd.', 'Endura Ltd.', 'Garmin Ltd.', 'Giant Manufacturing Co. Ltd.', 'Hero Cycles Ltd.', 'Lezyne USA Inc.', 'Merida Industry Co. Ltd.', 'OM Electric Cycles', 'SHIMANO INC.', 'SRAM LLC', 'Trek Bicycle Corp.'

The global bicycle accessories market will expand because people are engaging in more cycling activities to maintain their health and improve physical well-being. The increase in sedentary work culture driven by remote work facilities has caused many people to adopt inactive lifestyles. The combined influence of these elements has led to a greater requirement for people to engage in daily physical exercise. Numerous people choose cycling because medical professionals recommend it for health benefits.

Increasing Government Initiatives for Cyclist-Friendly Road: The worldwide bicycle accessories market will experience increased growth prospects because governments are progressively investing in road infrastructure improvements that prioritize cycling safety and comfort. This will incentivize people to integrate cycling into their daily routine. The European Declaration on Cycling was launched in October 2023 because the region already has a reputation for building roads that accommodate cycling. European leaders aim to boost revenue through strategic investment in cycling tourism development.

North America is dominating with the largest bicycle accessories market share. The focus on healthy living habits has caused more people to start engaging in recreational cycling activities. The popularity of outdoor fitness accessories such as hydration packs, gloves, and bike racks has grown because consumers are increasingly investing in active lifestyles. North America has made substantial investments to expand bike lanes while improving safety features and developing dedicated cycling spaces in urban areas. The growing interest in fitness and outdoor activities drives increased sales of cycling accessories such as lights and locks which enhance safety and security in city environments. Helmets along with lights and locks represent the top-selling accessories in the U.S. because many states enforce strict safety regulations. For example, In California minors must wear helmets because of state law which leads to higher helmet sales.