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 US$ 4,902.8 million in 2024.
| Attributes | Details |
|---|---|
| Demand Analysis (2024) | US$ 4,902.8 million |
| Demand Forecast (2034) | US$ 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 US$ 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 | US$ 4,902.8 million |
| Projected Size in 2034 | US$ 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 |
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| Key Companies Profiled |
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By 2024, the estimated valuation of the bicycle component aftermarket is US$ 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 US$ 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 1.1. Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Component Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component Type, 2024 to 2034 5.3.1. Derailleurs 5.3.2. Road Group sets 5.3.3. Suspensions 5.3.4. Wheel Sets 5.3.5. Brakes 5.3.5.1. Hydraulic 5.3.5.2. Mechanical 5.3.6. Calliper Type 5.3.7. Gears 5.3.8. Others (Bottom Brackets etc.) 5.4. Y-o-Y Growth Trend Analysis By Component Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Component Type, 2024 to 2034 6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034 6.3.1. Specialty Bicycle Retailers 6.3.2. Discount Stores 6.3.3. Department Stores 6.3.4. Full-line Sporting Goods Stores 6.3.5. Outdoor Specialty Stores 6.3.6. Other Sales Channel 6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034 7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Bicycle Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Bicycle Type, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Bicycle Type, 2024 to 2034 7.3.1. Mountain Bike 7.3.2. Hybrid/Cross 7.3.3. Road 7.3.4. Comfort 7.3.5. Youth 7.3.6. Cruiser 7.3.7. Recumbent/Tandem 7.3.8. Electric 7.3.9. Folding 7.4. Y-o-Y Growth Trend Analysis By Bicycle Type, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Bicycle Type, 2024 to 2034 8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Country, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Country, 2024 to 2034 8.3.1. UK 8.3.2. Germany 8.3.3. Italy 8.3.4. France 8.3.5. Spain 8.3.6. Rest of Western Europe 8.4. Market Attractiveness Analysis By Country 9. UK Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Region 9.2.1.1. England 9.2.1.2. Scotland 9.2.1.3. Wales 9.2.1.4. Northern Ireland 9.2.2. By Component Type 9.2.3. By Sales Channel 9.2.4. By Bicycle Type 9.3. Market Attractiveness Analysis 9.3.1. By Region 9.3.2. By Component Type 9.3.3. By Sales Channel 9.3.4. By Bicycle Type 9.4. Key Takeaways 10. Germany Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Region 10.2.1.1. North-east (Germany) 10.2.1.2. North-west (Germany) 10.2.1.3. Central (Germany) 10.2.1.4. South (Germany) 10.2.1.5. Other(Germany) 10.2.2. By Component Type 10.2.3. By Sales Channel 10.2.4. By Bicycle Type 10.3. Market Attractiveness Analysis 10.3.1. By Region 10.3.2. By Component Type 10.3.3. By Sales Channel 10.3.4. By Bicycle Type 10.4. Key Takeaways 11. Italy Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Region 11.2.1.1. North (Italy) 11.2.1.2. Central (Italy) 11.2.1.3. South (Italy) 11.2.1.4. Islands (Italy) 11.2.2. By Component Type 11.2.3. By Sales Channel 11.2.4. By Bicycle Type 11.3. Market Attractiveness Analysis 11.3.1. By Region 11.3.2. By Component Type 11.3.3. By Sales Channel 11.3.4. By Bicycle Type 11.4. Key Takeaways 12. France Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Region 12.2.1.1. Northern (France) 12.2.1.2. Central (France) 12.2.1.3. Southern (France) 12.2.1.4. Eastern (France) 12.2.2. By Component Type 12.2.3. By Sales Channel 12.2.4. By Bicycle Type 12.3. Market Attractiveness Analysis 12.3.1. By Region 12.3.2. By Component Type 12.3.3. By Sales Channel 12.3.4. By Bicycle Type 12.4. Key Takeaways 13. Spain Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Region 13.2.1.1. Basque Country 13.2.1.2. Andalusia 13.2.1.3. Extremadura 13.2.1.4. Catalonia 13.2.1.5. Valencia 13.2.1.6. Rest of Spain 13.2.2. By Component Type 13.2.3. By Sales Channel 13.2.4. By Bicycle Type 13.3. Market Attractiveness Analysis 13.3.1. By Region 13.3.2. By Component Type 13.3.3. By Sales Channel 13.3.4. By Bicycle Type 13.4. Key Takeaways 14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Component Type 14.2.2. By Sales Channel 14.2.3. By Bicycle Type 14.3. Market Attractiveness Analysis 14.3.1. By Component Type 14.3.2. By Sales Channel 14.3.3. By Bicycle Type 14.4. Key Takeaways 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Component Type 15.3.3. By Sales Channel 15.3.4. By Bicycle Type 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Eastman 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Dorel Industries Inc 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Accell Group N.V. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Shimano Inc. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. SRAM LLC 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Hero Cycles Limited 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Campagnolo S.R.L. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Merida Industry Co. Ltd. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Specialized Bicycle Component 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Rohloff AG 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Bicycle Component Aftermarket Analysis in Western Europe
