Bike Bags Market
Global Bike Bags Market Size, Share and Trends Analysis Report, By Type (Polyester, Fabric, Leather, and Others), By Luggage Type (Duffle, Trolley, and Backpacks), and By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Factory Outlets, Online Stores, and Others), Forecast (2022-2028)
The global bike bag market is anticipated to grow at a CAGR of 6.3% during the forecast period. Bike bags fit under the bicycle seat and usually attach to the rails of the saddle itself. Larger models can carry a few extra items while traveling. There are lots of options, with cycling-specific backpacks offering plenty of capacity and stability in the market. Many cycling packs are lightweight, waterproof, and feature a roll-top for easy opening. Many packs, such as the Ortlieb Velocity, come in multiple color options too, or in patterned fabrics. While road trips, bike packing bags assist in carrying stuff such as a sleeping bag, spare clothing, and a bivvy sack. The bike bag market growth is backed by the increasing inclination of people toward outdoor recreational activities such as cycling, camping, hiking, and others.
Since the COVID-19 pandemic, demand for bicycles has increased due to the closure of gyms and swimming pools in many regions. Some nations rewarded the purchase of new bikes or bike maintenance expenditures in a bid to encourage ridership during the pandemic. Italy, for instance, allocated $250 million toward a cash-back Programme through which Italian residents who purchased a vehicle without an engine such as a bicycle were eligible for a $590 stipend, while France has established a similar Programme. This has increased people to adopt bicycles along with accessories such as bags. Apart from these, rising heightened anxiety over public transportation and a surge in exercise has meant that more and more people are choosing to use one of the most basic forms of mobility such as biking, which in turn led to the product demand.
Segmental Outlook
The global bike bag market is segmented based on the material type, design, and distribution channel. Based on the material type, the market is sub-segmented into polyester, fabric, leather, and others. Among these, the leather segment is likely to hold a lucrative share in the market during the forecast period. Leather is considered an excellent material for making products for bikes due to its durability, and sturdiness, and can withstand almost any type of weather, and features. This versatility makes them for many people the best way to carry more gear.
Based on the design, the market is classified into panniers, handlebars, saddles, trunks, frames, and others. Among these, the panniers segment is projected to show the fastest growth in the market. Panniers are a utilitarian solution for carrying luggage. Such type of bike bags takes the complete luggage weight and provides comfort to biker by reducing the burden on their shoulders. In addition, these bags also allow a rider to carry far more in terms of both weight and volume compared to using a backpack. Owing to these benefits, the demand for pannier bags is high, and it is further expected to increase during the forecast period. Based on the distribution channel, it is further sub-segmented into online and offline.
Regional Outlook
Geographically, the global bike bag market is classified into major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Europe is predicted to show impressive growth in the market due to rapid growth in cycling culture in the region’s major economies. In Finland, 60% population was reported to use bicycles in 2019. Moreover, almost a quarter of the Dutch population cycles every day. Altogether the Dutch own 22.5 million bicycles. This means that on average they own 1.3 bicycles per capita in 2018. In addition, people in Netherland also take part in various cycling events and tournaments which creates demand for high-end bike bags.
Market Players Outlook
The major market players in the global Bike bag market include ALPKIT, Evoc, REI, Spectra, Basil Bike, AGU, Delsey SA, ORTLIEB, Scicon Sports, Timbuk2, Trek Bicycle Corp, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2019, Evoc launched a new Road Bike Bag Pro. According to Evoc, the bag's construction is 'soft where possible and hard where necessary', creating a bag that requires only minimal disassembly of a bike - the user is only required to remove the wheels to fit the bike inside. Moreover, in August 2019, Netherlands-based AGU expanded its product offering with a full line of bike packing bags, all made of recycled polyester and available in either khaki brown or black. Such launches can bring new growth opportunities to the market during the forecasted period.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bike bag market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Bike Bags Industry
• Recovery Scenario of Global Bike Bags Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY REGION
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Porter’s Analysis
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Bike Bags Market by Material type
5.1.1. Polyester
5.1.2. Fabric
5.1.3. Leather
5.1.4. Others
5.2. Global Bike Bags Market by Design
5.2.1. Duffle
5.2.2. Trolley
5.2.3. Backpacks
5.2.4. Others
5.3. Global Bike Bags Market by Distribution Channel
5.3.1. Online Sales
5.3.2. Offline Sales
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. AGU BV
7.2. Arkel
7.3. Alpkit, Ltd
7.4. Blackburn (Vista Outdoor Inc)
7.5. Basil
7.6. Deuter GB
7.7. EVOC SPORTS GmbH
7.8. Fenix Outdoor International AG
7.9. Hermès International S.A.
7.10. ORTLIEB Sportartikel GmbH
7.11. Osprey Europe Ltd.
7.12. Roswheel
7.13. Spectra
7.14. Timbuk2
7.15. Trek Bicycle Corp
7.16. Vincita Co. Ltd.
1. GLOBAL BIKE BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
2. GLOBAL POLYESTER BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL FABRIC BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LEATHER BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHER BIKE BAGS MATERIAL TYPES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DESIGN, 2021-2028 ($ MILLION)
7. GLOBAL PANNIERS BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL HANDLEBAR BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SADDLE BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL TRUNK BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL FRAME BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OTHER BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
14. GLOBAL BIKE BAGS BY ONLINE SALES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL BIKE BAGS BY OFFLINE SALES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL BIKE BAGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
19. NORTH AMERICAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DESIGN, 2021-2028 ($ MILLION)
20. NORTH AMERICAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
21. EUROPEAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
23. EUROPEAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DESIGN, 2021-2028 ($ MILLION)
24. EUROPEAN BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC BIKE BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC BIKE BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DESIGN, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
29. REST OF THE WORLD BIKE BAGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD BIKE BAGS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DESIGN, 2021-2028 ($ MILLION)
32. REST OF THE WORLD BIKE BAGS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. GLOBAL BIKE BAGS MARKET SHARE BY MATERIAL TYPE, 2021 VS 2028 (%)
2. GLOBAL BIKE BAGS MARKET SHARE BY DESIGN, 2021 VS 2028 (%)
3. GLOBAL BIKE BAGS MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
4. GLOBAL BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL POLYESTER BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL FABRIC BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL LEATHER BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL OTHER BIKE BAGS MATERIAL TYPES MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL PANNIERS BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HANDLEBAR BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SADDLE BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL TRUNK BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL FRAME BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL OTHER BIKE BAGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL BIKE BAGS BY ONLINE SALES MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL BIKE BAGS BY OFFLINE SALES MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. US BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
19. UK BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC BIKE BAGS MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD BIKE BAGS MARKET SIZE, 2021-2027($ MILLION
