Market Forecast By Types (Transmission Parts, Frame & Forks Parts, Wheel Parts, Steering Components), By Applications (Mountain Bicycles, Road Bicycles, Others) And Competitive Landscape
Product Code: ETC030029 | Publication Date: Nov 2021 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | United Kingdom (UK) Bicycle Parts and Accessories Market |
Forecast period | 2025-2031 |
CAGR | 7.0% |
Growing Sector | Outdoor Recreation and Fitness |
The United Kingdom (UK) Bicycle Parts and Accessories Market report thoroughly covers the market by Types and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
United Kingdom (UK) Bicycle Parts and Accessories Industry is witnessing strong growth, fuelled by a growing demand for eco-friendly mobility and active life. The market is transforming with the advancements in state-of-the-art technologies, responding to heightened demand for better-quality components and innovative accessories. More government assistance in facilitating a cycling culture, as well as increasing urban cycling provision, is supporting market trends. Adding to this is the increased popularity of electric bikes, creating new opportunities for component makers to supply niche products.
According to 6Wresearch, the United Kingdom (UK) Bicycle Parts and Accessories Market is estimated to reach a CAGR of 7.0% during the forecast period 2025-2031. Several drivers are boosting the United Kingdom (UK) Bicycle Parts and Accessories Market size. There has been a trend of shifting toward environmentally friendly transportation means, while there has been increasing use of electric bikes too, driving up the demand for advanced parts. Furthermore, growing awareness regarding fitness and health results in greater numbers of individuals spending on quality bicycles and accessories that are suitable for them.
Technology plays a significant role as well, with the implementation of light material usage, smart bike integration, and personalized components that resonate with various buyer segments. Fluctuating raw material prices and supply chain issues plague the industry, though, interfering with seamless production.
Overseas competition also places pressure on indigenous firms to maintain low prices while meeting standards of quality. Even with all these challenges, the United Kingdom (UK) Bicycle Parts and Accessories Market share continues to witness sustainable growth driven by robust consumer demand and friendly government policies. Supply chain resilience management and local manufacturing capabilities reinforcement would make the resilience of certain industries more robust to underpin continuing growth within a competitive global environment.
Some of the key trends behind the United Kingdom (UK) Bicycle Parts and Accessories Market are described below:
Combined, these trends solidify the continued development of the United Kingdom (UK) Bicycle Parts and Accessories Market growth with a strong realignment to keep pace with evolving consumer demand and industry innovation. The growth path of the market is sustained by remaining in balance after both value and innovation.
The United Kingdom (UK) Bicycle Parts and Accessories Market presents great investment opportunities fueled by technological developments, changing consumer behaviour, and increasing focus on sustainability. Strategic investment in the market can reap high returns by aligning with current and emerging trends. Some of the most promising investment areas are discussed below:
United Kingdom (UK) Bicycle Parts and Accessories Market revenue is maintained by the efforts of some key companies that are leaders in innovation and product diversification. These key players are responsible for propelling market growth and meeting consumer needs:
These giants of the industry continue to improve products, ensuring their fundamental roles in facilitating market competitiveness and long-term opportunities.
Government policies are responsible for framing the United Kingdom (UK) Bicycle Parts and Accessories industry with a focus on guaranteeing safety standards, environmental protection, and equitable trade. The UK government strictly regulates the quality and safety of bicycle parts to safeguard consumers and promote safe cycling conditions. Sustainability has also been a major concern, whose policies ensure the use of environmentally friendly material and processes for application in the industry. These policies have the potential to reduce the environmental footprint of manufacturing and enhance the use of recyclable material. Import and foreign trade policies also influence the market by controlling tariff rates and encouraging competitive prices between local and foreign companies. Observing these regulatory frameworks not only gives the market its structural strength but also encourages innovation as companies strive to keep up with changing legal and customer requirements. Through these actions, the government promotes a sustainable and healthy cycling culture in the region.
UK Bicycle Parts and Accessories Market size is expected to grow as consumer behaviour is influenced by emerging technology and environmental considerations. Emerging technologies such as intelligent bike parts, ultra-light materials, and increased durability will propel the market for growth. Additionally, government policies on active transport and carbon reduction will further stimulate more bicycle use, generating greater demand for high-tech accessories and components. The e-bike phenomenon is also a tremendous opportunity, with niche components addressing this emerging segment. Direct-to-consumer and online purchasing channels are also revolutionizing the dynamics of conventional purchasing habits, offering manufacturers more access to markets. By responding promptly to these phenomena and utilizing cutting-edge technologies, industry players can take advantage of the changing needs of green-conscious and technology-accepting consumers.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
Transmission parts such as chains, derailleurs, and gear systems are crucial to the optimal performance of a bicycle. They experience more wear and tear and, hence, face high replacement demands. Constant increasing demand for performance enhancement, particularly electronic shifting systems, is propelling this segment more as well. Legacy brands such as Shimano and SRAM keep on extending, further entrenching their hold on the market. Components of the transmission will thus hold on to the lion's share of the UK market for bicycle components.
According to Saurabh, Senior Research Analyst, 6Wresearch, mountain bikes are projected to grow at major pace during the forecast period owing to increased adventure sports and off-road cycling. Mountain bikes also need the regular replacement of parts because they are subjected to rough usage. On all the foregoing grounds, mountain bikes will continue to rule the usage in the UK market
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom (UK) Bicycle Parts and Accessories Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 United Kingdom (UK) Bicycle Parts and Accessories Market - Industry Life Cycle |
3.4 United Kingdom (UK) Bicycle Parts and Accessories Market - Porter's Five Forces |
3.5 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 United Kingdom (UK) Bicycle Parts and Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom (UK) Bicycle Parts and Accessories Market Trends |
6 United Kingdom (UK) Bicycle Parts and Accessories Market, By Types |
6.1 United Kingdom (UK) Bicycle Parts and Accessories Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Transmission Parts, 2021 - 2031F |
6.1.4 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Frame & Forks Parts, 2021 - 2031F |
6.1.5 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Wheel Parts, 2021 - 2031F |
6.1.6 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Steering Components, 2021 - 2031F |
6.2 United Kingdom (UK) Bicycle Parts and Accessories Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Mountain Bicycles, 2021 - 2031F |
6.2.3 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Road Bicycles, 2021 - 2031F |
6.2.4 United Kingdom (UK) Bicycle Parts and Accessories Market Revenues & Volume, By Others, 2021 - 2031F |
7 United Kingdom (UK) Bicycle Parts and Accessories Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Bicycle Parts and Accessories Market Export to Major Countries |
7.2 United Kingdom (UK) Bicycle Parts and Accessories Market Imports from Major Countries |
8 United Kingdom (UK) Bicycle Parts and Accessories Market Key Performance Indicators |
9 United Kingdom (UK) Bicycle Parts and Accessories Market - Opportunity Assessment |
9.1 United Kingdom (UK) Bicycle Parts and Accessories Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 United Kingdom (UK) Bicycle Parts and Accessories Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 United Kingdom (UK) Bicycle Parts and Accessories Market - Competitive Landscape |
10.1 United Kingdom (UK) Bicycle Parts and Accessories Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Bicycle Parts and Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |