Australia Bicycle Parts and Accessories Market (2024-2030) | Forecast, Companies, Industry, Growth, Size, Share, Outlook, Revenue, Analysis, Value & Trends

Australia Bicycle Parts and Accessories market Highlights

Report Name	Australia Bicycle Parts and Accessories market
Forecast Period	2024-2030
Market Size	USD 2.1 Billion by 2030
CAGR	6.9%
Growing Sector	Electric Bike

Topics Covered in the Australia Bicycle Parts and Accessories Market Report

The Australia Bicycle Parts and Accessories report thoroughly covers the market by type and by application. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Bicycle Parts and Accessories Market Size & Analysis

In 2024, the Australia Bicycle Parts and Accessories market is valued at approximately $ 1.4 billion, with a projected compound annual growth rate (CAGR) of 6.9% over the next five years. Additionally, by 2030, the market is expected to reach around $ 2.1 billion. The e-bike sector holds significant position in the overall market.

Australia Bicycle Parts and Accessories Market Synopsis

The Australia bicycle parts and accessories market is experiencing steady growth, driven by increasing consumer awareness of the health and environmental benefits of cycling, along with a growing shift towards more sustainable transportation options. As cycling gains popularity for both recreational and commuting purposes, there is rising demand for bicycles and related accessories, including high-performance components, safety gear, and maintenance products. The growing trend of electric bicycles (e-bikes) is also playing a significant role in market expansion, requiring specialized components such as batteries and motors. Government initiatives to promote cycling infrastructure, including dedicated bike lanes and bike-sharing programs, further support market growth. With Australia’s cycling community becoming more diverse and expanding in urban areas, the demand for high-quality bicycle parts and accessories is expected to continue rising, making it a promising market for both local and international brands.

According to 6Wresearch, Australia Bicycle Parts and Accessories market size is projected to grow at a CAGR of 6.9% during 2024-2030. The growth of the Australia bicycle parts and accessories market is primarily driven by several factors, including the increasing popularity of cycling as both a recreational activity and a sustainable mode of transportation, particularly in urban areas. Government initiatives supporting the development of cycling infrastructure, such as dedicated bike lanes and bike-sharing programs, have made cycling more accessible and appealing. Additionally, the rising demand for electric bicycles (e-bikes), which require specialized components like motors and batteries, is significantly boosting the market.

Environmental concerns and health consciousness among Australians also contribute to cycling's growth. However, the Australia Bicycle Parts and Accessories industry faces challenges such as high import duties on bicycle components and fluctuating raw material costs, which can affect pricing and profitability for manufacturers. The limited availability of skilled labor for the repair and maintenance of high-end bicycle parts and the overall need for greater awareness and education regarding cycling safety and benefits in some regions may also hinder market expansion. Furthermore, the growth of online retail channels is creating both opportunities and challenges, as companies must navigate the competitive landscape of digital sales while maintaining a physical presence.

Australia Bicycle Parts and Accessories Market Trends

• Rise of E-Bikes - Increasing adoption of electric bicycles is driving demand for specialized parts such as motors, batteries, and charging systems.
• Focus on Sustainability - Growing consumer preference for eco-friendly transportation options is promoting cycling as a sustainable alternative to cars.
• Advancements in Bicycle Technology - Continuous innovations in lightweight materials, aerodynamic designs, and enhanced performance components are shaping the market.
• Increase in Cycling Infrastructure - Expansion of cycling lanes and bike-sharing programs in major cities is fostering cycling as a convenient mode of transport.
• Health and Fitness Awareness - Rising health-consciousness among Australians is encouraging more people to take up cycling as a form of exercise.
• Growth of Online Retail - Increasing reliance on e-commerce platforms for purchasing bicycle parts and accessories is changing how consumers shop.

Investment Opportunities in the Australia Bicycle Parts and Accessories Market

• Electric Bicycle Components - Investment opportunities in manufacturing and supplying parts for e-bikes, including motors, batteries, and charging infrastructure.
• Cycling Infrastructure Development - Opportunities for investment in the development of cycling lanes, bike-sharing programs, and related infrastructure in urban areas.
• Premium and Custom Bicycle Parts - Growing demand for high-end, customized bicycle components presents investment opportunities in the premium segment.
• E-commerce and Online Retail - Expanding online retail platforms for bicycle parts and accessories, tapping into the growing trend of online shopping.
• Sustainable Materials - Investments in the development of environmentally friendly, durable materials for bicycle frames, wheels, and accessories.

Key Players in the Australia Bicycle Parts and Accessories Market

Key companies in the Australia bicycle parts and accessories market include both local and international brands that play a significant role in the development, manufacturing, and retailing of bicycle components. Notable companies include Accell Group, a global leader in bicycles and e-bikes, offering a wide range of bicycle parts through brands like Batavus and Koga. Trek Bicycle Corporation is another major player, known for its high-performance bikes and extensive range of parts and accessories. Specialized Bicycle Components provides premium cycling products, including innovative bike parts and accessories. Further, local companies such as Pushys and 99 Bikes play a crucial role in retailing and distributing bicycle parts and accessories within the Australian market. Additionally, some of these players hold majority of the Australia Bicycle Parts and Accessories market share. Moreover, these companies are capitalizing on the increasing demand for cycling products, driven by the growing popularity of cycling and sustainability trends.

Government Regulations in the Australia Bicycle Parts and Accessories Market

In Australia, the bicycle parts and accessories market is influenced by various government regulations aimed at ensuring safety, sustainability, and the development of cycling infrastructure. The Australian Consumer Law governs the safety standards of bicycle components, requiring manufacturers to meet certain quality and safety criteria, particularly for items like helmets, lighting systems, and reflectors. The Australian Standards for Bicycles (AS 1927) outlines safety standards for bicycle design, including the materials and construction of frames, brakes, and wheels, ensuring that products meet minimum performance requirements.

Additionally, government policies supporting sustainable transport, such as funding for cycling infrastructure and incentives for e-bike adoption, foster a favorable environment for cycling. Local councils also regulate the use of bicycles on public roads and pathways, including the installation of bike lanes and shared paths. Further, these initiatives have further boosted the Australia Bicycle Parts and Accessories market revenues. Furthermore, the Australian government encourages cycling for health and environmental benefits, which indirectly impacts the market by boosting cycling participation.

Future Insights of the Australia Bicycle Parts and Accessories Market

The future of the Australia bicycle parts and accessories market looks promising, with continued growth expected driven by a shift toward sustainable transportation and a growing interest in health and fitness. The increasing popularity of electric bicycles (e-bikes) will significantly impact demand for specialized components, such as batteries, motors, and charging systems, contributing to the market’s expansion. Additionally, government initiatives to improve cycling infrastructure and promote cycling as an eco-friendly mode of transport will further support market growth. The rise of premium and customized bicycle parts, coupled with the growing trend of cycling tourism, offers opportunities for innovation and product diversification. E-commerce will continue to reshape the retail landscape, making bicycle parts more accessible to a wider audience.

Wheel Parts Category to Dominate the Market - By Type

According to Ravi Bhandari, Research Head, 6Wresearch, the wheel parts category in the Australian bicycle market is experiencing steady growth, driven by the increasing demand for high-performance and durable bicycle wheels across various cycling segments. As cycling becomes more popular for commuting, fitness, and recreational purposes, the need for specialized wheel components, such as rims, hubs, spokes, and tires, has surged. This growth is particularly fueled by the rising interest in e-bikes, which require advanced wheel technology for enhanced performance and durability. Additionally, the trend towards custom-built bicycles has led to greater demand for premium and lightweight wheel parts, allowing cyclists to personalize their bikes for better speed, comfort, and aesthetics. As cycling infrastructure improves and cycling participation rises, the wheel parts category is expected to continue expanding, driven by innovation and the need for higher-quality components.

Road Bicycles to Dominate the Market – By Application

The road bicycle type is witnessing significant growth in the Australian market, driven by an increasing number of cyclists opting for high-performance bikes for both recreational and competitive purposes. As cycling gains popularity for fitness, commuting, and leisure, road bikes, known for their speed and efficiency, are becoming a preferred choice. This growth is further fueled by the rising demand for lightweight, aerodynamic designs and advanced materials, which improve performance and riding experience. The growing interest in cycling events, such as road races and triathlons, has also contributed to the rise in road bike sales. Additionally, the expansion of cycling infrastructure, including dedicated road bike lanes, and government initiatives promoting cycling as a sustainable mode of transport, are enhancing the appeal of road bicycles, driving their market growth.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year - 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Australia Bicycle Parts and Accessories Market Overview
• Australia Bicycle Parts and Accessories Market Outlook
• Market Size of Australia Bicycle Parts and Accessories Market, 2023
• Forecast of Australia Bicycle Parts and Accessories Market, 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Revenues & Volume for the Period 2020 - 2030
• Australia Bicycle Parts and Accessories Market Trend Evolution
• Australia Bicycle Parts and Accessories Market Drivers and Challenges
• Australia Bicycle Parts and Accessories Price Trends
• Australia Bicycle Parts and Accessories Porter's Five Forces
• Australia Bicycle Parts and Accessories Industry Life Cycle
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Types for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Transmission Parts for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Frame & Forks Parts for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Wheel Parts for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Steering Components for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Applications for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Mountain Bicycles for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Road Bicycles for the Period 2020 - 2030
• Historical Data and Forecast of Australia Bicycle Parts and Accessories Market Revenues & Volume, By Others for the Period 2020 - 2030
• Australia Bicycle Parts and Accessories - Import Export Trade Statistics
• Market Opportunity Assessment, By Type
• Market Opportunity Assessment, By Application
• Australia Bicycle Parts and Accessories Market - Top Companies Market Share
• Australia Bicycle Parts and Accessories Market - Competitive Benchmarking, By Technical and Operational Parameters
• Australia Bicycle Parts and Accessories Market - Company Profiles
• Australia Bicycle Parts and Accessories Market - Key Strategic Recommendations

Markets Covered

The Australia Bicycle Parts and Accessories market report provides a detailed analysis of the following market segments -

By Type

• Transmission Parts
• Frame & Forks Parts
• Wheel Parts
• Steering Components

By Application

• Mountain Bicycles
• Road Bicycles
• Others