North America Bicycle Parts and Accessories market consists of all parts and accessories of bicycles. These include steering components, wheel parts, frame and forks parts, transmission parts and various others. The use of bicycle accessories has increased by a dramatic chase in recent times. Several people have taken up cycling as a regular activity to stay fit. Medical practitioners recommend cycling to people suffering from various muscular defaults and problems. Additionally, there has been a huge demand for new-age technologies in bicycles. This is from the fact that riders prefer to equip their bicycles with various devices like speedometers that can help in the handling of the bike. Also, over the past few years, several paid bikers have undertaken to take groups of adventure enthusiasts to biking expeditions to tough roads and mountain ranges and thus making it a profession. Further, Rental and sharing services in various urban cities are growing and are causing to be a key trend in the bicycle market. Also, due to increasing concerns regarding the environment, many countries throughout the region are adopting e-bikes as a mode of transportation. However, the Covid-19 pandemic has brought a halt to the growth of this market.
According to 6Wresearch, North America Bicycle Parts and Accessories Market size is anticipated to register growth during 2020-26. At present, North America is currently expected to account for the highest revenue share in the overall Bicycle parts and accessories market during the forecast period, owing to, increasing inclination towards fitness in the countries in this region. At present, the USA holds a major share in this market on account of advanced technology and large imports. Canada and Mexico are projected to hold a prominent share and drive the growth in this region. The major players in the Bicycle Parts and Accessories North America market are Kestrel USA and Cycles devinci.
Based on verticals, mountain bicycles are expected to register maximum demand over the forecast period owing to the growing preference for adventure expeditions. This will lead to an increase in demand for helmets, LED lights, bottle cage, luggage carrier, and mud flaps. Additionally, E-bikes are expected to account for major share in terms of revenue in the market, owing to various features offered such as low power demands and easy-to-ride. Rental and second-hand bikes are also expected to be a fast-growing sector of the market owing to their cheapness.
North America Bicycle parts and Accessories market report thoroughly covers the market by components, verticals, and regions including United States and Canada. The Bicycle parts and Accessories market outlook report provides an unbiased and detailed analysis of the on-going Bicycle Parts and Accessories 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.
Key Highlights
- North America Bicycle Parts and Accessories Market Outlook
- North America Bicycle Parts and Accessories Market Overview
- North America Bicycle Parts and Accessories Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of North America Bicycle Parts and Accessories Market Revenues until 2026
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Applications
- Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for United States Bicycle Parts and Accessories Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Bicycle Parts and Accessories Market
- Market Drivers and Restraints
- North America Bicycle Parts and Accessories Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Bicycle Parts and Accessories Market Share, By Players
- Competitive Benchmarking
Markets Covered
The report provides a detailed analysis of the following market segments:
- By Types:
- Transmission Parts
- Frame and Fork Parts
- Wheel Parts
- Steering Parts
- By Applications:
- Mountain Bicycles
- Road Bicycles
- Others
- By Countries:
- United States
- Canada
