Europe Bicycle Parts and Accessories Market (2020-2026) | segmentation, industry, Growth, Revenue, Forecast, Trends, Size, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Europe Bicycle Parts and Accessories Market

Europe Bicycle Parts and Accessories Market has been experiencing significant growth over the years. The primary factors driving the market expansion include an increased interest in cycling as a sport, rising health and fitness awareness, and government initiatives to promote cycling. The popularity of e-bikes is increasing at an alarming rate and this has led to a surge in demand for e-bike parts and accessories. In addition, the pandemic has led to a surge in online sales of bicycle accessories and many consumers are turning to online retailers to purchase their bike parts and accessories due to high convenience.

Moreover, there has been a growing trend toward integrating technology into bicycle parts and accessories. Overall, the Europe Bicycle Parts and Accessories Market size is projected to grow and evolve, with new trends emerging to meet the changing demands of consumers. Apart from this, cycling has become a popular mode of transportation and recreational activity which has led to an increased demand for high-quality bicycle parts and accessories to ensure rider safety. Moreover, there is a growing awareness and concern for health and fitness in Europe, leading to an increased interest in cycling as a low-impact form of exercise. 

Europe Bicycle Parts and Accessories Market

Europe Bicycle Parts and Accessories market report thoroughly covers the market by types, applications, and countries including Italy, Germany, Spain, France, Poland, and the rest of Europe. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

Europe Bicycle Parts and Accessories market is expected to register significant growth in the coming time zone on the back of rising consciousness among the European population to stay fit. The use of bicycle accessories has increased at a dramatic chase in recent times. Several people have taken up cycling as a regular activity to stay fit. Medical practitioners recommend cycling to people suffering from various muscular defaults and problems. Additionally, there has been a huge demand for new-age technologies in bicycles. This is the fact that riders prefer to equip their bicycles with various devices like speedometers that can help in the handling of the bike. Also, over the past few years, several paid bikers have undertaken to take groups of adventure enthusiasts on biking expeditions to tough roads and mountain ranges and thus making it a profession. Further, Rental and sharing services in various urban cities are growing and are causing to be a key trend in the bicycle market. Also, due to increasing concerns regarding the environment, many countries throughout the region are adopting e-bikes as a mode of transportation. 

According to 6Wresearch, the Europe Bicycle Parts and Accessories Market size is anticipated to register growth during 2020-2026. At present, the Europe region is expected to be a moderately growing market for products during the forecast period, owing to, the increasing inclination towards fitness in the countries in this region. Increasing demand for e-bikes owing to ease of mobility is adding to the Europe Bicycle Parts and Accessories Market Share. 

Market Analysis By Application

Based on verticals, mountain bicycles are expected to register maximum demand over the forecast period owing to the growing preference for adventure expeditions. This will lead to an increase in demand for helmets, LED lights, bottle cages, luggage carriers, and mud flaps. Additionally, E-bikes are expected to account for a major share in terms of revenue in the market, owing to various features offered such as low power demands and easy-to-ride. Rental and second-hand bikes are also expected to be a fast-growing sector of the market owing to their cheapness.

Market Analysis By Country

Italy and Germany hold a major share of this market on account of advanced technology and the promotion of e-bikes. France and Poland are projected to hold a prominent share and drive growth in this region. Markets in Britain, Spain, and Bulgaria are expected to register moderate growth during the forecast period. The major players in the product market are Cube bikes and Derby cycles. 

COVID-19 Impact on Europe Bicycle Parts and Accessories Market 

The outbreak of the coronavirus pandemic has put a halt to the growth of every industry. Restrictions imposed by the government of the country led to disruption in the supply chain of bicycles owing to the shutting down of manufacturing and business units. 

Key Players in the Market

Some of the major players in the Europe Bicycle Parts and Accessories Market:

• Merida Industry Co. Ltd
• Hero Cycles Limited
• Giant Manufacturing Co. Ltd.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of The Reports

• Europe Bicycle Parts and Accessories Market Outlook
• Europe Bicycle Parts and Accessories Market Overview
• Europe Bicycle Parts and Accessories Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Europe Bicycle Parts and Accessories Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Applications
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Italy Bicycle Parts and Accessories Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Germany Bicycle Parts and Accessories Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Spain Bicycle Parts and Accessories Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for France Bicycle Parts and Accessories Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Poland Bicycle Parts and Accessories Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for the rest of Europe Bicycle Parts and Accessories Market
• Market Drivers and Restraints
• Europe Bicycle Parts and Accessories Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Bicycle Parts and Accessories Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Types:

• Transmission Parts
• Frame and Fork Parts
• Wheel Parts
• Steering Parts

By Applications:

• Mountain Bicycles
• Road Bicycles
• Others

By Countries:

• Italy
• Germany
• France
• Spain
• Poland
• Rest of Europe

Europe Bicycle Parts and Accessories Market: FAQs