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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Bicycle, commonly known as a bike, is a two-wheeled directional equipment propelled by the cyclist's legs. The wheels of such normal bicycles are positioned in tandem inside a metal structure, with front wheels kept in place by a rotating fork.
The operator rests on something like a saddle and directs the bike by bending and rotating handlebars linked to the fork. The feet move pedals that are connected to cranks and a chainwheel. A link looping connects the chainwheel toward a sprocket just on back wheel, which transmits power.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Abu Dhabi declared a 'Bike City' and unveils new 109km Loop and velodrome | Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, has accepted the prestigious âBike Cityâ label from the Union Cyclists Internationale (UCI). | UAE | This would enhance better Technological Controls |
| 2 | Hero and Yamaha to start JV for production of Electric Drive units of Cycles | HYM Drive Systems, a JV between Hero Motors and Yamaha Motor Co Japan is to expect to start the production of JV soon. | India | This would enhance better Technological Controls |
| 3 | Propella 9S Pro launched as lightweight urban electric bike with better parts, more power & speed | Propella, located in Redmond, Washington, has only just released the Propella 9S Pro, this same industry's highest upscale e-bike to date. It draws on the industry's compact, messaging service e-bike design heritage while also using the greatest possible components we've shown on the company's e-bikes too far. | Global | This would enhance better Technological Controls |
| 4 | Bosch's New Smart System Is Transforming the Timeless Bicycle Into Something Else Entirely | Bosch finally developed a magneto ignition technology for automobiles, which might prove to be a significant stride forward for the company. Bosch's technology, which includes technological innovations and equipment, is billed as the optimal solution for an interconnected cycle and passenger experience. | Global | This would enhance better Technological Controls |
| 5 | Joker and Batbike MTBs ready to ride Gotham city | Ed's Joker bicycle features a 180mm DVO Onyx D1 SC frame as well as a 170mm Jade X coil shocker for excellent downward handling. And all the green that the person would need to stay loyal to the Batman subject's colours inside the undertaking. The stems as well as seatpost collars give further green accents. | Global | This would enhance better Technological Controls |
An multinational supplier of bicycle parts named SRAM has revealed the acquisition of Hammerhead, a producer of cycling technology including the Karoo 2 riding computer. The Karoo product line from Hammerhead will continue to grow as part of the SRAM portfolio of products. The deal was finished by the businesses.
After the cycling GPS computer (the Karoo 2) hit the market and began to appear on the handlebars of many of the world's top athletes, SRAM recognised enormous potential in Hammerhead. Hammerhead had a 7x increase in revenue in the past year alone, and its community of riders has logged more than a million hours on gravel, pavement, and trails.
SRAM's extensive line of wireless AXS components are industry innovators that have increased the variety of bikes available, including road, triathlon, mountain, and gravel cycles.
SRAM is also renowned for its wide selection of complementary cycling products, which also includes RockShox suspension, Zipp wheels and handlebars, TIME Sport pedals, TRUVATIV bars and cranks, and Quarq power technology.
In order to ensure that riders can easily interface with a wide range of current hardware and software goods and services, including both Shimano and SRAM electronic shifting, SRAM and Hammerhead will continue to build an innovative cycling technology platform.
The Global Bicycle Components Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
Located in lovely Quebec City, Momentum Cycle Tools and Bike Parts is a recent Canadian business. The general public can purchase Momentum Cycle Tools and Bike Parts' first line of items.
For suspension bearing maintenance, Bearing press kits and Crank were developed, validated, redesigned, and improved over the course of about a year. The section to remove the old bearings, the section to install your new bearings, and the cup make up each package.
With the introduction of their new Bike Protection Series, Muc-Off, the industry pioneers in bicycle and motorcycle maintenance and performance, continues to push the limits of innovation and performance.
The series includes kits available in combined and separate sets, in mountain and e-mountain bike size options, and is meant to protect crucial frame components like rear stays, cranks, and forks. The kits' modular construction makes them simple to apply and remove, and they fit even the most unusual bike geometries.
They provide a combination of strength and durability to protect frames from potential scratches, scuffs, and stone chips.Six distinct kit formats are available, including "Bolt," "Camo," "Day of the Shred," and "Punk," which match products from Muc-Technical Off's clothing and Ride Guard ranges as well as Clear Gloss and Clear Matt options.
Organizations have begun to recognise the significance of remaining active and living a healthy lifestyle. They have also begun to recognise that frequent riding might help keep problems like obesity at bay. The market is expected to expand as more individuals turn to biking as a regular source of exercise.
People are considering bicycle commuting over short distances to save time due to increasing traffic congestion and a lack of parking space, particularly in urban centres.
Hero Cycles Inc. is a leading mobiliser of the Mountain and multiple energy-based bicycles in the market. It is part of the much-needed development focus on environmental compliance at various stages of operations. E-bikes, but at the other hand, are a fast-growing international trend these days of electric cars.
Electric bicycles are a modified form of conventional bicycles that are equipped with an electric motor that allows for both powered and mechanical cycling. This enables riders to go great distances one bicycles even while making challenges such as an uphill roadway or perhaps a headwinds much more manageable.
Bike Ark is part of the component manufacture trending companies in the current industry. The Bike Ark is indeed an Indian bicycle manufacturer with a wide range of models ranging from fixies to hybrids. The Yolo from Bike Ark is constructed entirely of 6061 Alloy.
The Yolo is Bike Ark's first foray into the alloy bike market. The design of the frame is typical, with a straight top tube, ensuring a pleasant and relaxed riding posture. These tubes have been welded smoothly, and the whole frame has been constructed in such a way that it absorbs vibrations from the surfaces, reducing rider stress.
North America
The North American market, particularly the USA, will be one of the prime markets for (Bicycle Components) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Bicycle Components) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Bicycle Components) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Bicycle Components) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Bicycle Components Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Bicycle Components Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Bicycle Components Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
| Margin Comparison (Highest to lowest) | Region | Remarks |
| 1 | Europe | The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. |
| 2 | North America | Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe |
| 3 | Asia | Lower purchasing power, coupled with higher accessibility of services in this regions doesnât enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region |
| 4 | Africa and ROW | The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region donât have much spending power and a large portion of the products and services from this area is exported to other parts of the world |
USAâ $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region.
Europeâ EIC is investing â¬1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments.
Asiaâ There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia.
Africaâ Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing.
Latin America â The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region.
Rest of the Worldâ The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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