Bicycle Bags Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The bicycle bags market share is expected to increase by USD 31.65 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.07%.

This bicycle bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA). The bicycle bags market report also offers information on several market vendors, including Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc. among others.

What will the Bicycle Bags Market Size be During the Forecast Period?

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Bicycle Bags Market: Key Drivers and Trends

The growing disposable incomes are notably driving the bicycle bags market growth, although factors such as the presence of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bicycle Bags Market Driver

One of the key factors driving growth in the bicycle bags market is the growing disposable income. The economic recovery in developing countries and the stable economic growth of most developed countries are the major reasons for the growth in disposable incomes. High disposable incomes allow consumers to opt for high-end products. The increase in vehicle traffic is prompting people to use bicycles for traveling short distances. Moreover, the growing popularity of adventure sports and mountain biking is encouraging people to buy high-end bicycles. To cater to the growing demand from consumers, vendors are focusing on launching new models of high-end bicycles in the market. The growth in disposable incomes, along with the increasing number of product offerings by vendors, is expected to drive market growth.

The government initiatives to promote cycling is another major factor supporting the bicycle bags market share growth. The governments of various countries, such as China, Japan, the UK, the Netherlands, and New Zealand, are launching several schemes to encourage people to opt for bicycles for daily commutes due to the increasing air and noise pollution. Hence, support from governments to encourage cycling will lead to an increase in the demand for bicycles, which will, in turn, increase the demand for bicycle bags during the forecast period. 

This bicycle bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Bicycle Bags Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Arkel
• ASG International SRL
• Axiom Cycling Gear
• Basil BV
• ORTLIEB Sportartikel GmbH
• Thule Group AB
• TOPEAK Inc.
• Trek Bicycle Corp.
• VAUDE Sport GmbH and Co. KG
• Vista Outdoor Inc.

 

This statistical study of the bicycle bags market encompasses successful business strategies deployed by the key vendors. The bicycle bags market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bicycle bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bicycle Bags Market?

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42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for bicycle bags in North America. However, the market growth in North America will be slower than the growth of the market in other regions.

The growth of the online sales channel and the availability of import options in North America have increased the demand for high-end mountain and sports bicycles. This will facilitate the bicycle bags market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Bicycle Bags Market?

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The bicycle bags market share growth by the offline segment will be significant during the forecast period. Offline distribution channels generate revenue from the sale of products through specialty stores, including exclusive brand stores, multi-brand stores, apparel stores, factory outlets, airport retail stores, and personal goods stores; hypermarkets, supermarkets, convenience stores, and clubhouse stores; and department stores.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bicycle bags market size and actionable market insights on post COVID-19 impact on each segment.

 

Bicycle Bags Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.07%
Market growth 2022-2026	$ 31.65 million
Market structure	Fragmented
YoY growth (%)	3.60
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 42%
Key consumer countries	US, Germany, UK, France, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bicycle Bags Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive bicycle bags market growth during the next five years
• Precise estimation of the bicycle bags market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bicycle bags industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bicycle bags market vendors

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