Sorry for interrupting, this website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Learn more
Accept & Close

Bicycle Accessories - UK - June 2015

“There is potential to take wearable technology to the next level, with the development of smartwear. In some sectors this is already a reality – a good example being eyewear. However, there is also scope to develop smart clothing and smart helmets.”
– Michael Oliver, Senior Leisure & Media Analyst

This report looks at the following areas:

  • Wearable tech set to offer significant growth potential
  • Aerodynamics: The last unconquered frontier
  • Dominance of specialist suppliers offers opportunities for global brands
  • Online – A channel that suppliers should eschew or embrace?

Although the bicycles market is the one which often captures the headlines, for the cycle trade in the UK, it is the parts, accessories and clothing (PAC) market which accounts for the largest share of their business and which is also more profitable in terms of margins. 

Fortunately, the market for PACs has out-performed the bicycles market in terms of value growth during the past five years, and the prospects for the next five years look even rosier, as pressure on household incomes begins to ease and there is more investment in cycling infrastructure.

T
his report assesses the current status of the market, together with the factors driving demand, innovations, the leading companies, distribution channels, and consumer purchasing behaviour and attitudes. It also looks into the future in terms of likely trends and opportunities as well as forecasts for market value.

A
 healthy market for bicycle parts, accessories and clothing (PACs) is good for the bicycle trade because PACs account for the largest proportion of cycle retailers’ turnover and is also the most profitable aspect of their business.

The market is poised for a further period of growth after increasing faster in value than sales of bicycles in the past five years. The main reasons for this positive outlook are the easing of pressure on household incomes, growing cycling participation rates and the improvements being made to cycling infrastructure, particularly in major towns and cities, which will stimulate demand for products aimed at commuter cyclists.

Mintel’s consumer research finds that online channels have achieved a high rate of penetration of this market and this trend is set to continue. Additionally, digital sources such as specialist websites are also becoming more significant as means of finding out about new products, so this is a vital channel for suppliers to have representation in.

What you get

What's included

Why buy from us?

Succeed

Our reports will provide you with market data, consumer research and competitive intelligence to succeed in your market.

Instant Access

Buy now and you'll have instant access to the information you need to make the right decisions.

Opportunities

Find out what's next in the markets that matter to you: where opportunities lie and what challenges you will face.

Trusted

A business Superbrand, Mintel is a source you can trust. We have been defining and refining the Market Intelligence mix since 1972.

Table of contents

  1. Introduction

      • Definitions
        • Abbreviations
        • Executive Summary

            • The market
              • Figure 1: UK bicycle parts, accessories and clothing market, by value, 2010-20
            • Market drivers
              • Figure 2: Trends in participation in cycling among adults aged 16+*, 2005/06, 2010/11, 2012/13 and 2013/14
            • Companies, brands and innovation
              • Market share
                • Figure 3: Leading suppliers of bicycle parts, accessories and clothing, ranked by estimated UK PAC turnover*, 2013/14
              • Innovation
                • The consumer
                  • Current levels of cycling participation
                    • Figure 4: Frequency of cycling, December 2014
                  • Type of bicycle ridden
                    • Figure 5: Type of bicycle ridden most often, December 2014
                  • Cycling behaviours and experiences
                    • Figure 6: Cycling behaviours and experiences, December 2014
                  • Purchasing of bicycle parts
                    • Figure 7: Purchasing of bicycle parts in the past 12 months, December 2014
                  • Purchasing of bicycle accessories
                    • Figure 8: Purchasing of bicycle accessories in the past 12 months, December 2014
                  • Purchasing of cycling clothing
                    • Figure 9: Purchasing of cycling clothing in the past 12 months, December 2014
                  • Attitudes towards bicycle parts, accessories and clothing
                    • Figure 10: Attitudes towards bicycle parts, accessories and clothing, December 2014
                  • What we think
                  • Issues and Insights

                      • Wearable tech set to offer significant growth potential
                        • The facts
                          • The implications
                            • Aerodynamics: The last unconquered frontier
                              • The facts
                                • The implications
                                  • Dominance of specialist suppliers offers opportunities for global brands
                                    • The facts
                                      • The implications
                                        • Online – A channel that suppliers should eschew or embrace?
                                          • The facts
                                            • The implications
                                            • Market Drivers

                                              • Key points
                                                • Cycling participation continues to grow
                                                  • Figure 11: Trends in popularity of top five participation sports among adults aged 16+, 2005/06, 2010/11, 2012/13 and 2013/14
                                                  • Figure 12: Proportion of residents who do any cycling, at least once per month: England, 2012/13
                                                • Transport and commuting costs drive people to cycling
                                                  • Growth in cycling infrastructure
                                                    • Further strong growth for Cycle to Work scheme
                                                      • Figure 13: Trends in numbers of cycle to work scheme certificates issued and new users, 2011-14
                                                    • British Cycling membership increases
                                                      • Sportive growth also boosts market
                                                        • Exchange rate fluctuations impact pricing strategies
                                                          • Incomes squeezed but signs of recovery
                                                          • Who’s Innovating?

                                                            • Key points
                                                              • Suppliers seek to develop alternative locking solutions
                                                                • GPS mapping technology helps provide better routes
                                                                  • App benefits cyclists and city planners
                                                                    • Bolt-on e-bike solutions offer huge potential
                                                                      • Clothing not being left behind in innovation race
                                                                        • Using kinetic energy from cycling to charge mobile devices
                                                                        • Market Size and Forecast

                                                                          • Key points
                                                                            • PAC market growth outstrips bicycles market in past five years
                                                                              • Figure 14: Estimated UK sales of bicycle parts, accessories and clothing, 2010-20
                                                                            • Forecast
                                                                              • Figure 15: UK bicycle parts, accessories and clothing value market size forecast, 2010-20
                                                                          • Segment Performance

                                                                            • Key points
                                                                              • Clothing is the dominant sector within the PAC market
                                                                                • Figure 16: Estimated sales of bicycle parts, accessories and clothing, by segment, 2014
                                                                              • Clothing
                                                                                • Helmets
                                                                                  • Shoes
                                                                                    • Parts
                                                                                      • Rubber
                                                                                        • Wheels
                                                                                          • Saddles
                                                                                            • Accessories
                                                                                              • Lights
                                                                                                • Locks
                                                                                                  • Action/helmet cameras
                                                                                                  • Market Share

                                                                                                    • Key points
                                                                                                      • Madison leads the way
                                                                                                        • Figure 17: Leading suppliers of bicycle parts, accessories and clothing, ranked by estimated UK PAC turnover*, 2013/14
                                                                                                      • Specialized is leading bicycle supplier by PAC sales
                                                                                                      • Companies and Brands

                                                                                                          • Madison
                                                                                                            • Fisher Outdoor Leisure Ltd
                                                                                                              • Zyro Ltd
                                                                                                                • Moore Large & Co. Ltd
                                                                                                                  • Extra (UK) Ltd
                                                                                                                    • Saddleback Ltd
                                                                                                                      • Yellow Ltd
                                                                                                                        • Bicycle manufacturers
                                                                                                                        • Channels to Market

                                                                                                                          • Key points
                                                                                                                            • Halfords Group plc
                                                                                                                              • Figure 18: Cycling within the Halfords sales mix, 2013/14 and 2014/15
                                                                                                                              • Figure 19: Parts, accessories and clothing sales within the Halfords cycling sales mix, 2012/13-2014/15
                                                                                                                            • Evans
                                                                                                                              • Other specialists
                                                                                                                                • Online channels are constant challenge bricks and mortar rivals
                                                                                                                                  • Wiggle
                                                                                                                                    • Chain Reaction Cycles
                                                                                                                                      • Rapha
                                                                                                                                        • Neos Cycling
                                                                                                                                        • Consumer Background

                                                                                                                                          • Key points
                                                                                                                                            • Approaching two in five internet users ride a bicycle
                                                                                                                                              • Figure 20: Frequency of cycling, December 2014
                                                                                                                                            • Who cycles?
                                                                                                                                              • Cyclists most likely to ride a mountain bike
                                                                                                                                                • Figure 21: Type of bicycle ridden most often, December 2014
                                                                                                                                              • Nearly 40% of riders wear a helmet
                                                                                                                                                • Figure 22: Cycling behaviours and experiences, December 2014
                                                                                                                                            • Purchasing of Bicycle Parts

                                                                                                                                              • Key points
                                                                                                                                                • Inner tubes and tyres are most popular types of bicycle part purchased
                                                                                                                                                  • Figure 23: Purchasing of bicycle parts in the past 12 months, December 2014
                                                                                                                                                • Rubber replacement by cyclists is an important driver of footfall
                                                                                                                                                  • Figure 24: Purchasing of bicycle parts in the past 12 months, by current cyclists, December 2014
                                                                                                                                              • Purchasing of Bicycle Accessories

                                                                                                                                                • Key points
                                                                                                                                                  • Lights and locks are main areas of accessory spend
                                                                                                                                                    • Figure 25: Purchasing of bicycle accessories in the past 12 months, December 2014
                                                                                                                                                  • More than two fifths of cyclists have bought lights in the past year
                                                                                                                                                    • Figure 26: Purchasing of bicycle accessories in the past 12 months, by current cyclists, December 2014
                                                                                                                                                • Purchasing of Cycling Clothing

                                                                                                                                                  • Key points
                                                                                                                                                    • Safety to the fore with clothing purchases
                                                                                                                                                      • Figure 27: Purchasing of cycling clothing in the past 12 months, December 2014
                                                                                                                                                    • More than one in five cyclists has bought a helmet in the past year
                                                                                                                                                      • Figure 28: Purchasing of cycling clothing in the past 12 months, by current cyclists, December 2014
                                                                                                                                                  • Attitudes towards Bicycle Parts, Accessories and Clothing

                                                                                                                                                    • Key points
                                                                                                                                                      • Brand awareness still an issue in the market
                                                                                                                                                        • Figure 29: Attitudes towards bicycle parts, accessories and clothing, December 2014
                                                                                                                                                      • Importance of online channel is clear to see
                                                                                                                                                        • Potential for more emphasis on advice/recommendation?
                                                                                                                                                          • Growing role of digital publications
                                                                                                                                                            • Most frequent riders have highest usage of online channel
                                                                                                                                                              • Figure 30: Attitudes towards bicycle parts, accessories and clothing, by cycling frequency, December 2014
                                                                                                                                                          • Appendix – Market Size Forecast

                                                                                                                                                              • Figure 31: UK bicycles parts, accessories and clothing market, value forecast scenarios, 2015-20

                                                                                                                                                          Companies Covered

                                                                                                                                                          To learn more about the companies covered in this report please contact us.

                                                                                                                                                          Bicycle Accessories - UK - June 2015

                                                                                                                                                          US $2,583.33 (Excl.Tax)