| Product Code: ETC5405183 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | 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 |