Saudi Arabia Bicycle Parts and Accessories Market (2024-2030) | Forecast, Industry, Size, Revenue, Value, Companies, Outlook, COVID-19 IMPACT, Growth, Analysis, Share & Trends

Saudi Arabia Bicycle Parts and Accessories market Highlights

Report Name	Saudi Arabia Bicycle Parts and Accessories market
Forecast Period	2024-2030
Market Size	USD 600 Billion by 2030
CAGR	8.6%
Growing Sector	Electric bike

Topics Covered in the Saudi Arabia Bicycle Parts and Accessories Market Report

The Saudi Arabia 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.

Saudi Arabia Bicycle Parts and Accessories Market Size & Analysis

In 2024, the Saudi Arabia Bicycle Parts and Accessories market is valued at approximately $ 400 million, with a projected compound annual growth rate (CAGR) of 8.6% over the next five years. Additionally, by 2030, the market is expected to reach around $ 600 million. The e-bike sector holds significant position in the overall market.

Saudi Arabia Bicycle Parts and Accessories Market Synopsis

The Saudi Arabia bicycle parts and accessories market is experiencing steady growth, fueled by increasing health awareness, government initiatives promoting sustainable transportation, and the rising popularity of cycling for leisure and fitness. With Saudi Arabia's Vision 2030 plan focusing on diversifying the economy and encouraging healthier lifestyles, there has been an expansion in cycling infrastructure, such as dedicated bike lanes and cycling events. This has stimulated demand for a wide range of bicycle parts and accessories, from basic components like tires and chains to high-end products such as e-bike batteries, helmets, and custom gear. The market is also benefiting from the growing trend of eco-consciousness, with bicycles being viewed as an alternative to traditional fuel-based transportation. As the local cycling culture develops and urban mobility preferences shift, the bicycle parts and accessories market in Saudi Arabia is poised for further expansion.

According to 6Wresearch, Saudi Arabia Bicycle Parts and Accessories market size is projected to grow at a CAGR of 8.6% during 2024-2030. The growth of the Saudi Arabia bicycle parts and accessories market is primarily driven by several key factors. Firstly, the government’s Vision 2030 initiative, which encourages healthier lifestyles and eco-friendly transportation solutions, is fostering a culture of cycling, particularly in urban areas with improved cycling infrastructure, such as dedicated bike lanes and public cycling programs. Secondly, rising health consciousness among the population, particularly in the wake of the global pandemic, has led more individuals to embrace cycling as a fitness and recreational activity. The increasing adoption of e-bikes, which require specialized components like batteries, motors, and electronic accessories, is further driving market growth.

Additionally, cycling events, sports competitions, and the growing popularity of cycling tourism in Saudi Arabia are contributing to higher demand for bicycle parts and accessories. However, the Saudi Arabia Bicycle Parts and Accessories industry faces challenges such as high import dependency, as a large portion of bicycle parts are sourced from international manufacturers, making the market vulnerable to supply chain disruptions and price volatility. Furthermore, limited awareness of proper bicycle maintenance and repair services could hamper long-term growth, as consumers may be less likely to invest in high-quality accessories if maintenance is not easily accessible. Additionally, while the market for bicycles is expanding, the relatively small cycling community in comparison to other countries could limit rapid market penetration.

Saudi Arabia Bicycle Parts and Accessories Market Trends

• Increasing Adoption of E-bikes - Growth in demand for electric bicycles is boosting the need for specialized components such as batteries, motors, and chargers.
• Sustainability Focus - Growing eco-consciousness among consumers is leading to a preference for bicycles as an environmentally friendly transportation option.
• Government Support for Cycling Infrastructure - Investment in dedicated bike lanes, cycling paths, and public bike-sharing programs is encouraging cycling participation.
• Rise in Health and Fitness Consciousness - An increasing number of individuals are adopting cycling as part of their fitness routines, boosting demand for bikes and accessories.
• Growth in Cycling Events and Tourism - The expansion of cycling events, races, and cycling tourism is driving the demand for high-quality bicycle parts and accessories.

Investment Opportunities in the Saudi Arabia Bicycle Parts and Accessories Market

• E-bike Components - Investing in the growing segment of electric bicycles, particularly in high-demand components like motors, batteries, and smart electronics.
• Cycling Infrastructure Development - Opportunities in supporting the expansion of cycling lanes, bike-sharing programs, and urban cycling infrastructure in Saudi Arabia’s cities.
• Premium Bicycle Parts - Investment in high-quality, custom, and performance-oriented parts such as carbon fiber frames, lightweight wheels, and advanced braking systems.
• Local Manufacturing - Establishing local production facilities for bicycle parts and accessories to reduce import dependency and mitigate supply chain risks.
• Retail and E-commerce - Capitalizing on the shift towards online retail platforms by investing in digital storefronts and improving the online shopping experience for bicycle accessories.
• Cycling Tourism - Investing in cycling tourism-related products and services, including rental bikes, guided tours, and supporting infrastructure.

Key Players in the Saudi Arabia Bicycle Parts and Accessories Market

Key companies in the Saudi Arabia bicycle parts and accessories market include global players like Shimano, which provides a wide range of bicycle components including gears, brakes, and pedals; Bosch, known for its high-quality e-bike motors and battery systems; TREK, offering premium bicycles and accessories; and Merida, which supplies a variety of parts for road, mountain, and e-bikes. Additionally, local retailers such as United Cycles and Sports Corner play a significant role in distributing bicycle parts and accessories throughout the kingdom. These companies are benefiting from the rising demand for cycling-related products, supported by Saudi Arabia’s growing interest in cycling as a fitness and eco-friendly transportation option. Additionally, some of these players hold majority of the Saudi Arabia Bicycle Parts and Accessories market share. Moreover, the market is also seeing innovation from companies investing in e-bike technologies and high-performance components, further expanding the competitive landscape.

Government Regulations in the Saudi Arabia Bicycle Parts and Accessories Market

In Saudi Arabia, the government has been actively promoting cycling as part of its broader sustainability and health initiatives under Vision 2030, encouraging the development of cycling-friendly infrastructure and policies. Regulations are focused on improving road safety, with requirements for helmets and other safety gear for cyclists, particularly in urban areas. Additionally, the government is incentivizing eco-friendly transportation options, which includes bicycles, through subsidies for infrastructure development like dedicated cycling lanes and bike-sharing systems.

There are also regulations concerning the import and sale of bicycle parts, ensuring that products meet safety and quality standards. Furthermore, the increasing popularity of e-bikes is prompting the government to introduce regulations specifically for their use, including safety standards for e-bike components such as batteries and motors. Further, these initiatives have further boosted the Saudi Arabia Bicycle Parts and Accessories market revenues. Moreover, these regulatory measures are fostering a safer and more organized cycling environment while promoting the growth of the bicycle parts and accessories market in the country.

Future Insights of the Saudi Arabia Bicycle Parts and Accessories Market

The future of the Saudi Arabian bicycle parts and accessories market looks promising, driven by the continued growth in cycling as a sustainable mode of transport and recreational activity. As urban cycling infrastructure expands under the Vision 2030 initiative, the demand for bicycles and related components, including e-bike systems, is expected to surge. Technological advancements in e-bike components, lightweight materials, and smart accessories will further fuel the market, with a growing interest in high-performance and customized bicycle parts. Additionally, the increasing focus on health and fitness, along with rising awareness of environmental sustainability, will continue to drive consumer demand. As local manufacturing capabilities grow and government support for cycling initiatives intensifies, the market is set to see further development, with significant opportunities in both the premium and e-bike segments. The overall market is anticipated to see robust growth, with both domestic and international players capitalizing on emerging trends in cycling tourism, e-commerce, and sustainability.

Wheel Parts Category to Dominate the Market - By Type

According to Ravi Bhandari, Research Head, 6Wresearch, the wheel parts category in the Saudi Arabian bicycle parts and accessories market is experiencing steady growth, driven by the increasing popularity of cycling and the rising demand for high-performance bicycles. As more cyclists opt for premium, durable, and lightweight wheels, the market is seeing a shift toward advanced materials such as carbon fiber and alloy to improve performance, strength, and weight. The demand for specialized wheels, including those for road bikes, mountain bikes, and e-bikes, is also rising as cycling becomes a more mainstream activity in the country. Additionally, the growing trend of customization is contributing to the market’s expansion, with consumers seeking personalized and high-quality wheel parts to enhance their cycling experience. This growth is further supported by the development of cycling infrastructure, increased participation in cycling events, and government initiatives to encourage cycling as a sustainable mode of transport.

Road Bicycles to Dominate the Market – By Application

The road bicycles segment in Saudi Arabia is witnessing significant growth, fueled by the rising popularity of cycling as both a recreational activity and a mode of eco-friendly transportation. As the government invests in cycling infrastructure and promotes a healthier lifestyle under Vision 2030, demand for road bikes, particularly high-performance models, is expanding. The shift towards road cycling is further supported by an increasing number of cycling events and competitions, driving consumers to seek out advanced, lightweight bicycles. Additionally, the growing interest in fitness and wellness among the Saudi population is contributing to a greater preference for road bikes, which are seen as an effective way to improve cardiovascular health. This trend is also spurring the demand for related road bicycle accessories, such as specialized tires, wheels, and aerodynamics-enhancing components, further bolstering 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

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

Markets Covered

The Saudi Arabia 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