Who are the Key Players in the Bicycle Components Market?
The global Bicycle Components Market is estimated to reach USD 14.8 billion in 2024 and is projected to grow to USD 29.0 billion by 2033, with a compound annual growth rate (CAGR) of 7.8% from 2024 to 2033. This market includes essential products such as gears, brakes, chains, derailleurs, and wheels, which are used in road, mountain, hybrid, and electric bicycles. The growing focus on health, the shift toward sustainable transportation, and the increasing adoption of electric bicycles are key drivers behind the market's expansion.