| Product Code: ETC5405183 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives witnessed a substantial increase in bicycle accessories import shipments in 2024, with top exporting countries including China, USA, Taiwan, Vietnam, and India. The market concentration, as measured by the HHI, intensified from high to very high in just one year, indicating a more consolidated market landscape. The impressive Compound Annual Growth Rate (CAGR) of 31.36% from 2020 to 2024 highlights the sector`s rapid expansion, with a notable growth rate of 25.78% in 2024 alone. This data suggests a strong and dynamic market for bicycle accessories in the Maldives, driven by diverse international suppliers.

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 Maldives Bicycle Accessories Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Bicycle Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Bicycle Accessories Market - Industry Life Cycle |
3.4 Maldives Bicycle Accessories Market - Porter's Five Forces |
3.5 Maldives Bicycle Accessories Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Maldives Bicycle Accessories Market Revenues & Volume Share, By Bicycle Type, 2021 & 2031F |
3.7 Maldives Bicycle Accessories Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Maldives Bicycle Accessories Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Maldives Bicycle Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of cycling as a recreational and fitness activity in the Maldives |
4.2.2 Growing awareness about environmental sustainability and the benefits of using bicycles |
4.2.3 Government initiatives promoting cycling as a mode of transportation and leisure activity |
4.3 Market Restraints |
4.3.1 Limited infrastructure and designated cycling lanes in the Maldives |
4.3.2 High import duties and taxes on bicycle accessories, impacting affordability |
4.3.3 Seasonal tourism patterns affecting demand for bicycle accessories |
5 Maldives Bicycle Accessories Market Trends |
6 Maldives Bicycle Accessories Market Segmentations |
6.1 Maldives Bicycle Accessories Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Maldives Bicycle Accessories Market Revenues & Volume, By Helmets, 2021-2031F |
6.1.3 Maldives Bicycle Accessories Market Revenues & Volume, By Gloves & Warmers, 2021-2031F |
6.1.4 Maldives Bicycle Accessories Market Revenues & Volume, By Jerseys/Tees, 2021-2031F |
6.1.5 Maldives Bicycle Accessories Market Revenues & Volume, By LED Lights, 2021-2031F |
6.1.6 Maldives Bicycle Accessories Market Revenues & Volume, By Mirrors, 2021-2031F |
6.1.7 Maldives Bicycle Accessories Market Revenues & Volume, By Bottle Cages, 2021-2031F |
6.1.9 Maldives Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2021-2031F |
6.1.10 Maldives Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2021-2031F |
6.2 Maldives Bicycle Accessories Market, By Bicycle Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Bicycle Accessories Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.2.3 Maldives Bicycle Accessories Market Revenues & Volume, By Hybrid/Cross, 2021-2031F |
6.2.4 Maldives Bicycle Accessories Market Revenues & Volume, By Road, 2021-2031F |
6.2.5 Maldives Bicycle Accessories Market Revenues & Volume, By Comfort, 2021-2031F |
6.2.6 Maldives Bicycle Accessories Market Revenues & Volume, By Youth, 2021-2031F |
6.2.7 Maldives Bicycle Accessories Market Revenues & Volume, By Cruisers, 2021-2031F |
6.2.8 Maldives Bicycle Accessories Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Maldives Bicycle Accessories Market Revenues & Volume, By Others, 2021-2031F |
6.3 Maldives Bicycle Accessories Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Bicycle Accessories Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Maldives Bicycle Accessories Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4 Maldives Bicycle Accessories Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Maldives Bicycle Accessories Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Maldives Bicycle Accessories Market Revenues & Volume, By Offline, 2021-2031F |
7 Maldives Bicycle Accessories Market Import-Export Trade Statistics |
7.1 Maldives Bicycle Accessories Market Export to Major Countries |
7.2 Maldives Bicycle Accessories Market Imports from Major Countries |
8 Maldives Bicycle Accessories Market Key Performance Indicators |
8.1 Number of cycling events and competitions held in the Maldives |
8.2 Percentage increase in the number of bicycle rental shops and tour operators offering cycling services |
8.3 Average daily rental rates for bicycles and accessories in popular tourist areas |
9 Maldives Bicycle Accessories Market - Opportunity Assessment |
9.1 Maldives Bicycle Accessories Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Maldives Bicycle Accessories Market Opportunity Assessment, By Bicycle Type, 2021 & 2031F |
9.3 Maldives Bicycle Accessories Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Maldives Bicycle Accessories Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Maldives Bicycle Accessories Market - Competitive Landscape |
10.1 Maldives Bicycle Accessories Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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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