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Global bicycle component market projected to reach €20.6bn by 2034
The global bicycle component market will grow to EUR 20.6 billion by 2034, according to a new forecast by Indian market research firm Fortune Business Insights.

The global bicycle component market will grow to EUR 20.6 billion by 2034, according to a new forecast by Indian market research firm Fortune Business Insights.

In 2024, BEIC launched its platform and enabled OEM companies in the cycling industry to easily sell and buy batches of surplus parts. Two turbulent years for the industry and a redesign of the platform later, the trading system seems more relevant than ever.

As e-bike competition intensifies, bicycle brands seek more than just components. They need diverse product possibilities, faster development, and reliable service to respond to market shifts. With over 23 years of experience, more than 370 patents, a 5,000+ m² CNAS-accredited laboratory, and over 20 million systems sold worldwide, Bafang has established itself as a stable, long-term partner.

Decathlon S.A. reported steady growth in 2025, even as market development across the sporting goods and bicycle sectors remained uneven. The French retailer reports increased revenue and profitability. At the same time, limited disclosure around category-level performance, especially in cycling, leaves open questions about where that growth is coming from and how sustainable it may be.

The Bulgarian bike sector is steadily developing these days despite the existing challenges and a serious overstocking in the local market. In fact, the industry and major local manufacturers have gone through an extremely dynamic and challenging period. After the euphoria of pandemic sales, the sector has faced supply chain disruptions, overstocking and macroeconomic headwinds. Despite the decline in sales volumes, the trend toward electric bicycles and micromobility offers some optimism, with the European market expected to double by 2030.

The United States Supreme Court decision to strike down US President Donald Trump's tariffs, followed by his swift executive order to implement new 10% tariffs, has thrown the global bicycle industry into disarray. In the wake of this political jockeying for control over imports and the billions of dollars they represent, European Union bike importers now face a complicated legal process to recover what they lost to the now-defunct IEEPA (International Emergency Economic Powers Act) tariffs.