The bicycle component aftermarket in Western Europe is expected to demonstrate a CAGR of 6.2% by 2034. The bicycle components aftermarket in Western Europe is poised to witness significant opportunities with USD 4,902.8 million in 2024.
| Attributes | Details |
|---|---|
| Demand Analysis (2024) | USD 4,902.8 million |
| Demand Forecast (2034) | USD 8,947.25 million |
| CAGR Estimation (2024 to 2034) | 6.2% |
The bicycle components aftermarket is witnessing substantial growth driven by the increasing adoption of green energy, stringent global regulations addressing rising carbon footprints, and significant investments in developing environmentally efficient modes of transportation. By 2034, bicycle components aftermarket in Western Europe will likely secure USD 8,947.25 million.
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The bicycle component aftermarket in Italy is projected to experience growth with a CAGR of 6.3% through 2034, indicating a thriving market. Meanwhile, despite exhibiting a slightly lower CAGR of 5.8%, Germany still signifies a steady and promising trajectory in the aftermarket sector. Both countries showcase positive trends, reflecting a buoyant landscape for bicycle component sales and adoption.
| Countries | CAGR through 2034 |
|---|---|
| Italy | 6.3% |
| Germany | 5.8% |
The bicycle component aftermarket in Italy is on an upward trajectory, forecasting a CAGR of 6.3% through 2034. This impressive growth signifies a flourishing industrial landscape driven by heightened consumer demand for aftermarket upgrades and components.
The favorable environment sets the stage for manufacturers and retailers to thrive, presenting ample opportunities for innovation and expansion of the dynamic bicycle component sector in Italy.
Germany bicycle component aftermarket demonstrates a promising outlook, boasting a noteworthy CAGR of 5.8% through 2034. While slightly below Italy growth rate, Germany market maintains resilience and steady progression.
Fueled by a robust cycling culture and a preference for high-quality, innovative components, Germany emerges as a pivotal player in the European aftermarket landscape. The projected growth underscores sustained consumer interest, offering a conducive market for businesses to explore and capitalize on emerging opportunities within the flourishing German bicycle component sector.Top of Form
In 2024, the bicycle component aftermarket is especially lucrative for road groupsets, constituting a substantial industrial share of 58.6%. By sales channel, departmental stores play a significant role, capturing a notable share of 37.5%, indicating diverse consumer channels within the bicycle component sector.
This distribution underscores the industrial focus on specialized components for road cycling and the accessibility of components through departmental retail outlets, contributing to a dynamic and varied aftermarket landscape.
| Category | Industrial Share in 2024 |
|---|---|
| Road Groupsets | 58.6% |
| Departmental Store | 37.5% |
In the landscape of the bicycle component aftermarket in 2024, road groupsets emerged as the dominant category, commanding a substantial industrial share of 58.6%.
This high percentage underscores a pronounced preference among consumers for specialized components tailored to road cycling, reflecting a strong market demand for performance-driven and technologically advanced groupsets.
The departmental store category claims a noteworthy share of 37.5%, highlighting the significance of diverse retail channels within the bicycle component sector. The accessibility of components through departmental stores signifies a broad consumer reach, indicating a robust retail presence for bicycle components beyond specialized outlets.
This diversified approach to distribution contributes to the overall resilience and accessibility of the bicycle component aftermarket, catering to a wide range of consumer preferences and purchasing behaviors.
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| Attribute | Details |
|---|---|
| Estimated Size in 2024 | USD 4,902.8 million |
| Projected Size in 2034 | USD 8,947.25 million |
| Anticipated CAGR between 2024 to 2034 | 6.2% CAGR |
| Demand Forecast for the Bicycle Component Aftermarket in Western Europe | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing the Bicycle Component Aftermarket in Western Europe, Insights on Global Players and their Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers |
| Key Provinces Analyzed |
The United Kingdom, Germany, France, The Netherlands, Spain, Italy, Rest of Western Europe |
| Key Companies Profiled |
Eastman; Dorel Industries Inc.; Accell Group N.V.; Shimano Inc.; SRAM LLC; Hero Cycles Limited; Campagnolo S.R.L.; Merida Industry Co. Ltd.; Specialized Bicycle Components; Rohloff AG |
By 2024, the estimated valuation of the bicycle component aftermarket is USD 4,902.8 million.
The anticipated CAGR for bicycle component aftermarket through 2034 is 6.2%.
By 2034, the demand for the bicycle component aftermarket will reach USD 8,947.25 million in value terms.
The Western Europe bicycle component aftermarket expanded at a CAGR of 6% from 2019 to 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Component Type 5.1. Derailleurs 5.2. Road Group sets 5.3. Suspensions 5.4. Wheel Sets 5.5. Brakes 5.5.1. Hydraulic 5.5.2. Mechanical 5.6. Calliper Type 5.7. Gears 5.8. Others (Bottom Brackets etc.) 6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 6.1. Specialty Bicycle Retailers 6.2. Discount Stores 6.3. Department Stores 6.4. Full-line Sporting Goods Stores 6.5. Outdoor Specialty Stores 6.6. Other Sales Channel 7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Bicycle Type 7.1. Mountain Bike 7.2. Hybrid/Cross 7.3. Road 7.4. Comfort 7.5. Youth 7.6. Cruiser 7.7. Recumbent/Tandem 7.8. Electric 7.9. Folding 8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. UK 8.2. Germany 8.3. Italy 8.4. France 8.5. Spain 8.6. Rest of Western Europe 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 15. Market Structure Analysis 16. Competition Analysis 16.1. Eastman 16.2. Dorel Industries Inc 16.3. Accell Group N.V. 16.4. Shimano Inc. 16.5. SRAM LLC 16.6. Hero Cycles Limited 16.7. Campagnolo S.R.L. 16.8. Merida Industry Co. Ltd. 16.9. Specialized Bicycle Component 16.10. Rohloff AG 17. Assumptions & Acronyms Used 18. Research Methodology
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Bicycle Component Aftermarket Analysis in Western Europe
