Bicycle Accessories Market Regional Analysis

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.

Asia Pacific is anticipated to witness the highest growth during the bicycle accessories market forecast period. The increasing urbanization which promotes sustainable transportation options is contributing to the bicycle accessories market expansion. The region of Asia Pacific hosts major bicycle manufacturers like Giant Manufacturing Co. Ltd and Merida Industry Co. Ltd., due to which the region benefits from a strong supply chain network for bicycle parts and accessories. Accessory manufacturers can obtain raw materials and create products within the region more effectively which helps lower their expenses and production duration. The expansion of the bicycle accessories market stems from rising working populations and elevated bicycle sales figures in emerging economies. The organized retail sector has been instrumental to the sales of bicycle apparel and accessories throughout the past several years. Many manufacturers are supporting market expansion by launching new products in this region.

Over the forecast period Europe will experience the most significant growth. Different factors support the growth, including a mature cycling culture that boosts demand for performance accessories which meet the requirements of cycling enthusiasts. Accessory products for cyclists include shoes specifically for cycling, helmets and clothing intended for optimal performance and comfort. The rising popularity of e-bikes in the United Kingdom generates higher demand for accessories like batteries, chargers and motor components to address the needs of e-bike users. European cities offer ideal conditions that facilitate cycling as a means of commuting. Europe features several famous cycling races including the Ronde van Vlaanderen and the Tour de France.

Brazil alongside Colombia and Chile stand as primary contributors to the expansion of Latin America's market. People in these countries use bicycles for city travel on a regular basis, which has prompted the creation of additional bicycle lanes around the city. The government continues to modify regulations to protect bicycles, cars, and pedestrians through different safety laws over time. Chile requires all operators of bikes, motorcycles, scooters and mopeds along with their passengers to wear helmets as part of mandatory safety regulations. The bicycle apparel and accessories market in Latin America is dominated by Brazil which maintains a substantial market share.

During the forecast period the Middle East and Africa region is expected to experience relatively slow growth. The bike apparel and accessories market in Middle Eastern and African countries expands because of widespread unawareness about these products. Sales of bicycle apparel and accessories are projected to rise as governments issue safety guidelines for riding during pandemics. Bicycle rental stores implemented “strict sterilization measures” for customer safety following guidance from Dubai’s Supreme Committee for Crises and Disasters Management. Rental bicycle customers have received instructions to ride with gloves and face masks on. The need for bicycle apparel and accessories will increase throughout the upcoming period.