Market Overview:
The global bicycle modification parts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bicycles across the globe, owing to their advantages such as low cost of ownership and maintenance, and environmental friendliness. In addition, rising awareness about the health benefits of cycling is also propelling the demand for bicycles, which in turn is fueling the growth of the bicycle modification parts market. The global bicycle modification parts market can be segmented on the basis of type into transmission parts, frame & forks parts, wheel parts, steering components and others.
Product Definition:
Bicycle modification parts are the various pieces that can be added to or removed from a bicycle to change its performance, appearance or function. These parts can include new wheels, gears, seats, handlebars, brakes and more. The importance of bicycle modification parts varies depending on the part in question. Some parts may simply make a bike look nicer or function better, while others may be essential for safety or making it easier to ride.
Transmission Parts:
Transmission parts are the internal components of a bicycle that allow it to move forward and backward. The transmission parts market is driven by factors such as increasing demand for bicycles, rising health awareness, growing disposable income among people in developing countries and technological advancements. However, the market growth is restrained due to high maintenance cost of these products.
Frame & Forks Parts:
The frame and fork parts are the essential components of a bicycle. They are manufactured in different sizes, shapes, materials and with specific features to meet the customized requirements of customers. The manufacturers provide these products as standard products along with their bicycles or offer customization options to the buyers according to their needs & demands which further drives market growth for frame & forks parts over other product segments in bicycle modification parts market.
The growing trend among consumers towards customizing bicycles according to their choices.
Application Insights:
The road bicycles application segment led the global market in 2017. This is attributed to increasing demand for performance and luxury bicycles in developed economies including U.S., Germany, UK, France and Italy. Road bicycle frames are manufactured from high-strength steel alloys which are then painted or covered with colorful graphics designed to entice buyers¢â‚¬â„¢ attention on roadsides around the world. These factors have contributed significantly towards segment growth over the recent years.
Mountain bikes also accounted for a significant share of the global revenue owing to rising demand for off-road cycling activities across various regions including North America, Europe, Asia Pacific and Middle East & Africa where hiking, camping.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This can be attributed to increasing awareness regarding bicycle modification, growing popularity of mountain and road bicycles, and rising disposable income especially in developing countries such as China and India. Moreover, increasing number of competitions on cycling events along with stringent regulations laid down by International Cycling Union (UCI) is expected to boost the demand for bicycle modification parts over the forecast period.
North America is also anticipated to witness a significant growth rate over the coming years owing to rise in interest among people towards bicycling as a result of favorable weather conditions along with increased government spending on infrastructure development for bicycling activities across U.S.
Growth Factors:
- Increasing demand for bicycles from the fitness-conscious population
- Rising popularity of cycling as a mode of transportation in congested urban areas
- Government initiatives and subsidies to promote cycling as an eco-friendly alternative to motorized transport
- Technological advancements that have led to the development of more efficient and durable bicycle parts
- The growing trend of customization among cyclists, who are looking for unique components and accessories to enhance their riding experience
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Modification Parts Market Research Report
By Type
Transmission Parts, Frame & Forks Parts, Wheel Parts, Steering Components, Others
By Application
Mountain Bicycles, Road Bicycles, Others
By Companies
Shimano, SRAM, Fox Factory, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA Bikes, Dorel Industries, Eastman Industries Limited, Colnago, MIKASHIMA INDUSTRIAL CO,.LTD, Baradine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Modification Parts Market Report Segments:
The global Bicycle Modification Parts market is segmented on the basis of:
Types
Transmission Parts, Frame & Forks Parts, Wheel Parts, Steering Components, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mountain Bicycles, Road Bicycles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shimano
- SRAM
- Fox Factory
- Campagnolo
- HL CORP
- GIANT
- DT SWISS
- Prowheel
- MERIDA Bikes
- Dorel Industries
- Eastman Industries Limited
- Colnago
- MIKASHIMA INDUSTRIAL CO,.LTD
- Baradine
Highlights of The Bicycle Modification Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transmission Parts
- Frame & Forks Parts
- Wheel Parts
- Steering Components
- Others
- By Application:
- Mountain Bicycles
- Road Bicycles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bicycle Modification Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bicycle modification parts are any items that are added to a bicycle in order to make it more functional or improve its appearance. This can include anything from new handlebars and saddles to custom paint jobs and accessories.
Some of the major companies in the bicycle modification parts market are Shimano, SRAM, Fox Factory, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA Bikes, Dorel Industries, Eastman Industries Limited, Colnago, MIKASHIMA INDUSTRIAL CO,.LTD, Baradine.
The bicycle modification parts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Modification Parts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bicycle Modification Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Modification Parts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bicycle Modification Parts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bicycle Modification Parts Market Size & Forecast, 2018-2028
4.5.1 Bicycle Modification Parts Market Size and Y-o-Y Growth
4.5.2 Bicycle Modification Parts Market Absolute $ Opportunity
Chapter 5 Global Bicycle Modification Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bicycle Modification Parts Market Size Forecast by Type
5.2.1 Transmission Parts
5.2.2 Frame & Forks Parts
5.2.3 Wheel Parts
5.2.4 Steering Components
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bicycle Modification Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bicycle Modification Parts Market Size Forecast by Applications
6.2.1 Mountain Bicycles
6.2.2 Road Bicycles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Modification Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bicycle Modification Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bicycle Modification Parts Analysis and Forecast
9.1 Introduction
9.2 North America Bicycle Modification Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bicycle Modification Parts Market Size Forecast by Type
9.6.1 Transmission Parts
9.6.2 Frame & Forks Parts
9.6.3 Wheel Parts
9.6.4 Steering Components
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bicycle Modification Parts Market Size Forecast by Applications
9.10.1 Mountain Bicycles
9.10.2 Road Bicycles
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bicycle Modification Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Bicycle Modification Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bicycle Modification Parts Market Size Forecast by Type
10.6.1 Transmission Parts
10.6.2 Frame & Forks Parts
10.6.3 Wheel Parts
10.6.4 Steering Components
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bicycle Modification Parts Market Size Forecast by Applications
10.10.1 Mountain Bicycles
10.10.2 Road Bicycles
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bicycle Modification Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bicycle Modification Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bicycle Modification Parts Market Size Forecast by Type
11.6.1 Transmission Parts
11.6.2 Frame & Forks Parts
11.6.3 Wheel Parts
11.6.4 Steering Components
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bicycle Modification Parts Market Size Forecast by Applications
11.10.1 Mountain Bicycles
11.10.2 Road Bicycles
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bicycle Modification Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Bicycle Modification Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bicycle Modification Parts Market Size Forecast by Type
12.6.1 Transmission Parts
12.6.2 Frame & Forks Parts
12.6.3 Wheel Parts
12.6.4 Steering Components
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bicycle Modification Parts Market Size Forecast by Applications
12.10.1 Mountain Bicycles
12.10.2 Road Bicycles
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bicycle Modification Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bicycle Modification Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bicycle Modification Parts Market Size Forecast by Type
13.6.1 Transmission Parts
13.6.2 Frame & Forks Parts
13.6.3 Wheel Parts
13.6.4 Steering Components
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bicycle Modification Parts Market Size Forecast by Applications
13.10.1 Mountain Bicycles
13.10.2 Road Bicycles
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bicycle Modification Parts Market: Competitive Dashboard
14.2 Global Bicycle Modification Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shimano
14.3.2 SRAM
14.3.3 Fox Factory
14.3.4 Campagnolo
14.3.5 HL CORP
14.3.6 GIANT
14.3.7 DT SWISS
14.3.8 Prowheel
14.3.9 MERIDA Bikes
14.3.10 Dorel Industries
14.3.11 Eastman Industries Limited
14.3.12 Colnago
14.3.13 MIKASHIMA INDUSTRIAL CO,.LTD
14.3.14 Baradine
