December 9, 2024

Radios Tech

Connecting the World with Radio Technology

Bicycle Components and Accessories Market Size to Reach US$ 33 Billion In Revenues by 2030 | Shimano, Giant Bicycles, SRAM, DT Swiss, Tektro, Campagnolo

Bicycle Components and Accessories Market Size to Reach US$ 33 Billion In Revenues by 2030 | Shimano, Giant Bicycles, SRAM, DT Swiss, Tektro, Campagnolo

The global Bicycle Components and Accessories market is expected to reach US$ 33.1 billion by 2030, with an annual growth rate of more than 20%

Wilmington, Oct. 26, 2023 (GLOBE NEWSWIRE) — According to RationalStat’s most recent industry analysis, the Global Bicycle Components and Accessories Market value is US$ 21.3 billion in 2023 and is expected to rise at a strong CAGR of over 20% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview                                            

The many parts, attachments, and gear that cyclists use to improve the operation, safety, and performance of their bicycles are referred to as bicycle components and accessories. These components and accessories might range from necessary components like brakes and gears to optional extras such as lights, locks, and water bottle holders.

As riding remains a popular and practical alternative for people all over the world, the need for innovative and high-quality bicycle components and accessories is likely to rise.

  • According to a deep-dive market assessment by RationalStat, the global Bicycle Components and Accessories market has been analyzed on the basis of market segments, including product, bicycle type, sales channel and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

  • Market intelligence for the global Bicycle Components and Accessories market covers market sizes on the basis of market value (US$/EUR Million) and volume (Thousand Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global Bicycle Components and Accessories market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © All rights reserved. | Newsphere by AF themes.