Saudi Arabia Bicycle Accessories Market (2022-2028) | Revenue, Size, Share, Growth, Industry, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Product (Helmets, Gloves & Warmers, Jerseys/Tees, LED Lights, Mirrors, Bottle Cages, Pumps (Hand & Foot), Bar Ends/Grips), By Bicycle Type (Mountain Bikes, Hybrid/Cross, Road, Comfort, Youth, Cruisers, Electric, Others), By Type (OEM, Aftermarket), By Sales Channel (Online, Offline) And Competitive Landscape

Product Code: ETC431855 Publication Date: Nov 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Saudi Arabia Bicycle Accessories Market Synopsis

Saudi Arabia Bicycle Accessories Market is anticipated to experience growth during the forecast period. Several factors are influencing the market growth, such as increasing population, rising disposable income and increased awareness about health benefits of cycling. Moreover, the government’s initiatives such as the National Cycle Policy 2020 are also driving the market growth. Some of the factors that are restraining the growth of this market are inadequate infrastructure, high cost of bikes and lack of awareness about cycling.

According to 6Wresearch, the Saudi Arabia Bicycle Accessories Market size is expected to grow during 2022-2028. Bike riding is becoming more and more popular all over the world, with good reason. It’s a great way to get some exercise, see some new sights, and make friends. But what about if you don’t live in a country where bike riding is widespread? That’s where accessories come in. Accessories like bike helmets, bike lights, and even bike bags make it possible for anyone to enjoy cycling regardless of location.

Within the bicycle accessories market, handlebar grips are the most popular type among riders. They are used for improving grip while biking and preventing hands from slipping off the handlebar. Other types of accessories that are in high demand include baskets, water bottles holders, bells and lights. There is also a growing demand for child seats.

Drivers in the Saudi Arabia Bicycle Accessories Market

Some key factors that are driving the Saudi Arabia bicycle accessories market growth include increasing health consciousness among people, rising disposable income among consumers, and government initiatives such as bike promotion schemes.

Factors such as increasing cycling rates, growing awareness about climate change and its effects on health, rising disposable income among consumers, and increased investment in infrastructure are also expected to drive the Saudi Arabia Bicycle Accessories Market revenue.

Here are some strengths of the Market:

  • Saudi Arabia's high population density and urbanization rates lends itself well to the bicycle accessory market, as more people are using bicycles for transportation.
  • The country has a large number of cycling enthusiasts who are eager to purchase new accessories and gear.
  • Saudi Arabia's relatively low price of gasoline makes it an ideal market for bike-related products and services.
  • The country is also home to a number of major bicycle manufacturers, which gives local accessory producers access to raw materials and manufacturing capabilities.

However, some key challenges that the market is facing include low awareness of the benefits of cycling and lack of infrastructure in the country.

Market Analysis based on Bicycle Type

The Saudi Arabian cycling scene is diverse, with mountain bikes, hybrids, cross country bikes, road bikes and comfort bikes all being popular. For those who are new to cycling, a mountain bike is a good option as they are more forgiving on terrain. Road cyclists will find the roads much smoother and easier to ride on than in other countries. Comfort riders can choose between hybrid bikes that combine features of both mountain and road bikes or cross country models that are designed for long distance riding. Youth cyclists usually prefer cruisers that are light and easy to pedal with plenty of gears for hills.

Market Analysis based on Type

There are many types of bicycle accessories available in Saudi Arabia Bicycle Accessories Market share. OEM bike accessories usually come with a higher price tag but they are usually of higher quality. Aftermarket bicycle accessories, on the other hand, can be cheaper and of lower quality but they may also be more reliable. It is important to carefully research the different types of accessories available before making a purchase so that you get the best possible value for your money.

Market Analysis based on Sales Channel

Based on Sales Channel, one of the most popular sales channels for bicycles in Saudi Arabia is online retail. Retailers are using social media platforms such as Twitter and Facebook to market their products directly to consumers. Offline sales channels include department stores, convenience stores, and small independent retailers.

Impact of COVID-19 on the Saudi Arabia Bicycle Accessories Market

The pandemic has affected the Global Bicycle Accessories Market owing to strict lockdown and no contact policy imposed by countries during the pandemic. The sales of Bicycles accessories decreased significantly as bicycling was not available due to the virus's nature of spreading through the air very quickly. Saudi Arabia also saw a huge drop in numbers, which was compounded as the sales of bicycles also fall significantly.

Factors affecting the Saudi Arabia Bicycle Accessories Market

  • While there is a growing demand for bicycles in the country, the infrastructure remains insufficient to support the demand. This presents opportunities for new entrants into the market, but also poses challenges in terms of competition and sustaining market share.
  • There is limited government funding available for bicycle initiatives, which limits the development of innovative products or marketing campaigns that could attract consumers to the bicycle category.
  • The availability of affordable high-quality bicycles is constrained by factors such as quality materials and labor costs, which make some models cost significantly more than other similar products on the market.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Saudi Arabia Bicycle Accessories Market Outlook
  • Market Size of Saudi Arabia Bicycle Accessories Market, 2021
  • Forecast of Saudi Arabia Bicycle Accessories Market, 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Revenues & Volume for the Period 2018 - 2028
  • Saudi Arabia Bicycle Accessories Market Trend Evolution
  • Saudi Arabia Bicycle Accessories Market Drivers and Challenges
  • Saudi Arabia Bicycle Accessories Price Trends
  • Saudi Arabia Bicycle Accessories Porter's Five Forces
  • Saudi Arabia Bicycle Accessories Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Product for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Helmets for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Gloves & Warmers for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Jerseys/Tees for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By LED Lights for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Mirrors for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Bottle Cages for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Pumps (Hand & Foot) for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Helmets Bicycle Accessories Market Revenues & Volume By Bar Ends/Grips for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Bicycle Type for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Mountain Bikes for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Hybrid/Cross for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Road for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Comfort for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Youth for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Cruisers for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Electric for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Others for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Type for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By OEM for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Aftermarket for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Sales Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Online for the Period 2018 - 2028
  • Historical Data and Forecast of Saudi Arabia Bicycle Accessories Market Revenues & Volume By Offline for the Period 2018 - 2028
  • Saudi Arabia Bicycle Accessories Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Bicycle Type
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Sales Channel
  • Saudi Arabia Bicycle Accessories Top Companies Market Share
  • Saudi Arabia Bicycle Accessories Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Bicycle Accessories Company Profiles
  • Saudi Arabia Bicycle Accessories Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

  • Helmets
  • Gloves & Warmers
  • Jerseys/Tees
  • LED Lights
  • Mirrors
  • Bottle Cages
  • Pumps (Hand & Foot)
  • Bar Ends/Grips)

By Bicycle Type

  • Mountain Bikes
  • Hybrid/Cross
  • Road
  • Comfort
  • Youth
  • Cruisers
  • Electric
  • Others

By Type

  • OEM
  • Aftermarket

By Sales Channel

  • Online
  • Offline
Saudi Arabia Bicycle Accessories Market: FAQs
Yes, the report includes the impact of coronavirus.
The market is driven by factors such as the increasing population, rising disposable income and increased awareness about health benefits of cycling.
Some of the key customers in the Saudi Arabia Bicycle Accessories Market include Households, Athletes, and sports enthusiast.
The Saudi Arabia Bicycle Accessories Market report covers 2022-2028 as the forecast years.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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