Bicycle Accessory Market is Set to Rise at 7.2% CAGR, Totaling US$ 36,721.9 Million by 2034 | Fact MR. Report
Smart Accessories and Connectivity Features Elevate the Bicycle Accessory Market as Consumer Preferences Evolve
Rockville, MD, Sept. 26, 2024 (GLOBE NEWSWIRE) — The global : will reach a value of US$ 1.61 billion in 2024 and is projected to further expand at a CAGR of 9.2% to climb to US$ 3.89 billion by the end of 2034.
Motorcycle Accessory Market: size is poised to reach US$ 8.81 billion in 2024. The market has been projected to expand at a CAGR of 3.6% and reach a valuation of US$ 21.05 billion by the end of 2034.
Kids Bicycle Market: is likely to reach a valuation of US$ 18.7 Billion in 2023 and is expected to register at a CAGR of 4.7% to reach US$ 29.64 Billion by the end of 2033. It is estimated that kids bicycle sales will account for almost 37% of the global bicycle market at the end of 2023.
Women’s Bicycle Market: is valued at US$ 7.5 billion in 2023 and is estimated to exhibit expansion at a steady CAGR of 5.4% over the next ten years. As such, worldwide sales of women’s bicycles are forecasted to reach US$ 12.7 billion by the end of 2033.
Men’s Bicycle Market: accounts for a revenue of US$ 28.3 billion in 2023 and is forecasted to reach a valuation of US$ 58.4 billion by the end of 2033. Over the next ten years, this Fact.MR study predicts global demand for men’s bicycles to rise rapidly at 7.5% CAGR.
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