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Bicycle Parts and Accessories Market Will Tough To Hold In Next 2 years

The Global market for Bicycle Parts and Accessories is expected to grow at a CAGR of roughly 2.8% over the next five years, will reach 6038 million US$ in 2024, from 5360 million US$ in 2019.

Key players in the Market include Shimano, SRAM, Fox Factory Holding, Campagnolo, HL CORP, GIANT, DT SWISS, Prowheel, MERIDA, Dorel Industries, Eastman Industries Limited and Colnago.           

    Dorel Industries  announced that based on the recommendation of an independent committee of Dorel’s Board of Directors (the “Special Committee”), Dorel has entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which a buyer group (the “Buyer Group”) led by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) will acquire, for C$14.50 per share in cash, all of Dorel’s issued and outstanding Class A Multiple Voting Shares and Class B Subordinate Voting Shares, except for an aggregate of 4,009,410 Class A Multiple Voting Shares and 2,573,503 Class B Subordinate Voting Shares.

     Colnago May 2020-its taking a new ownership  with a UAE-based investment fund having acquired a majority stake in the company, which will nevertheless continue to be based in Cambiago, Italy.  One of the most celebrated brands in cycling has been crafting race-winning road bikes since the 1950s, and founder Ernesto Colnago has managed to evolve his frames over six decades without sacrificing the merits of its Italian craftsmanship.

    Fox Factory Holding announced on Feb 2020 that its subsidiary, Fox Factory, Inc., has signed a definitive agreement to acquire 100% of the issued and outstanding capital stock of SCA Performance Holdings, Inc. (“SCA”) from Southern Rocky Holdings, LLC, and a portfolio company of Kinderhook Industries. The $328 million transaction, exclusive of vehicle inventory, will be financed through an expanded and syndicated credit facility led by Bank of America. The Company also agreed to an additional $13 million of contingent, performance-based retention incentives for key SCA management payable over the next two years.

   By the type, the market has split into Transmission Parts, Frame amp; Forks Parts, Wheel Parts and Steering Components. By the application, it has Mountain Bicycles, Road Bicycles and Others. By region it has segmented into North America, Europe, China, Japan, Southeast Asia, India and Central & South America. Region wise Asia-pacific has large growth in bicycle market in a forecast period.. India and China may garner good growth for the bicycle components aftermarket in Asia Pacific due to the growing popularity of bicycles. The presence of a large number of bicycle component production facilities in China may also help in increasing the growth rate.

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