Bike Bags Market to see Rapid Growth by 2031

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. 

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Bike Bags Market Segmentation

By Material type

• Polyester
• Fabric
• Leather
• Others

By Design

• Duffle
• Trolley
• Backpacks
• Others

By Distribution Channel

• Online Sales
• Offline Sales

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Regional Analysis           

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles           

• AGU BV
• Arkel
• Alpkit, Ltd
• Blackburn (Vista Outdoor Inc)
• Basil
• Deuter GB
• EVOC SPORTS GmbH
• Fenix Outdoor International AG
• Hermès International S.A.
• ORTLIEB Sportartikel GmbH
• Osprey Europe Ltd.
• Roswheel
• Spectra
• Timbuk2
• Trek Bicycle Corp
• Vincita Co. Ltd.

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