| Product Code: ETC5405118 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia bicycle accessories market witnessed a significant increase in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 93.43%. Notably, the year-on-year growth rate surged by 64.71% in 2024 compared to the previous year, indicating a substantial rise in imported bicycle accessories during this period.

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 Armenia Bicycle Accessories Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Bicycle Accessories Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Bicycle Accessories Market - Industry Life Cycle |
3.4 Armenia Bicycle Accessories Market - Porter's Five Forces |
3.5 Armenia Bicycle Accessories Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 Armenia Bicycle Accessories Market Revenues & Volume Share, By Bicycle Type, 2022 & 2032F |
3.7 Armenia Bicycle Accessories Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.8 Armenia Bicycle Accessories Market Revenues & Volume Share, By Sales Channel, 2022 & 2032F |
4 Armenia Bicycle Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and fitness leading to a rise in cycling as a recreational activity. |
4.2.2 Government initiatives promoting cycling infrastructure and eco-friendly transportation options. |
4.2.3 Growing trend of cycling tourism, attracting both domestic and international cyclists. |
4.3 Market Restraints |
4.3.1 Limited disposable income among the population affecting purchasing power for bicycle accessories. |
4.3.2 Lack of developed retail distribution channels for bicycle accessories in Armenia. |
4.3.3 Seasonal variations in weather impacting the demand for bicycle accessories. |
5 Armenia Bicycle Accessories Market Trends |
6 Armenia Bicycle Accessories Market Segmentations |
6.1 Armenia Bicycle Accessories Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Bicycle Accessories Market Revenues & Volume, By Helmets, 2022-2032F |
6.1.3 Armenia Bicycle Accessories Market Revenues & Volume, By Gloves & Warmers, 2022-2032F |
6.1.4 Armenia Bicycle Accessories Market Revenues & Volume, By Jerseys/Tees, 2022-2032F |
6.1.5 Armenia Bicycle Accessories Market Revenues & Volume, By LED Lights, 2022-2032F |
6.1.6 Armenia Bicycle Accessories Market Revenues & Volume, By Mirrors, 2022-2032F |
6.1.7 Armenia Bicycle Accessories Market Revenues & Volume, By Bottle Cages, 2022-2032F |
6.1.9 Armenia Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2022-2032F |
6.1.10 Armenia Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2022-2032F |
6.2 Armenia Bicycle Accessories Market, By Bicycle Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Bicycle Accessories Market Revenues & Volume, By Mountain Bikes, 2022-2032F |
6.2.3 Armenia Bicycle Accessories Market Revenues & Volume, By Hybrid/Cross, 2022-2032F |
6.2.4 Armenia Bicycle Accessories Market Revenues & Volume, By Road, 2022-2032F |
6.2.5 Armenia Bicycle Accessories Market Revenues & Volume, By Comfort, 2022-2032F |
6.2.6 Armenia Bicycle Accessories Market Revenues & Volume, By Youth, 2022-2032F |
6.2.7 Armenia Bicycle Accessories Market Revenues & Volume, By Cruisers, 2022-2032F |
6.2.8 Armenia Bicycle Accessories Market Revenues & Volume, By Others, 2022-2032F |
6.2.9 Armenia Bicycle Accessories Market Revenues & Volume, By Others, 2022-2032F |
6.3 Armenia Bicycle Accessories Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Armenia Bicycle Accessories Market Revenues & Volume, By OEM, 2022-2032F |
6.3.3 Armenia Bicycle Accessories Market Revenues & Volume, By Aftermarket, 2022-2032F |
6.4 Armenia Bicycle Accessories Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Armenia Bicycle Accessories Market Revenues & Volume, By Online, 2022-2032F |
6.4.3 Armenia Bicycle Accessories Market Revenues & Volume, By Offline, 2022-2032F |
7 Armenia Bicycle Accessories Market Import-Export Trade Statistics |
7.1 Armenia Bicycle Accessories Market Export to Major Countries |
7.2 Armenia Bicycle Accessories Market Imports from Major Countries |
8 Armenia Bicycle Accessories Market Key Performance Indicators |
8.1 Number of cycling events and competitions organized in Armenia. |
8.2 Percentage increase in the number of cycling clubs and communities. |
8.3 Growth in the number of bicycle rental services in key tourist areas. |
9 Armenia Bicycle Accessories Market - Opportunity Assessment |
9.1 Armenia Bicycle Accessories Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 Armenia Bicycle Accessories Market Opportunity Assessment, By Bicycle Type, 2022 & 2032F |
9.3 Armenia Bicycle Accessories Market Opportunity Assessment, By Type, 2022 & 2032F |
9.4 Armenia Bicycle Accessories Market Opportunity Assessment, By Sales Channel, 2022 & 2032F |
10 Armenia Bicycle Accessories Market - Competitive Landscape |
10.1 Armenia Bicycle Accessories Market Revenue Share, By Companies, 2025 |
10.2 Armenia Bicycle Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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