Bicycle Accessories - UK - June 2015
Introduction
 
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.

This 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.

This is the first time Mintel has produced a report on the market for Bicycle Accessories. It is intended to complement Mintel’s Bicycles – UK, March 2015 report.

Definitions
Mintel defines the market for Bicycle Accessories as including the following products:

●	Bicycle parts: components which are intended as replacements for original equipment on a bicycle, and without which the bicycle cannot function. Examples include tyres and inner tubes, saddles and wheels.
●	Bicycle accessories: complementary products which are not essential for a bicycle to function but which enhance it. Examples include lights, locks, water bottles and on-board/wearable tech.
●	Cycling clothing: anything that is worn by a cyclist while taking part in cycling as an activity. Examples include helmets, cycling shorts, cycling shoes and cycling eyewear.

Value market size figures are inclusive of VAT and at retail selling prices unless stated otherwise.

Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen’s Printer for Scotland.

Abbreviations
ACT	Association of Cycle Traders	
APPCG	All Party Parliamentary Cycling Group	
APS	Active People Survey	
BMX	Bicycle Moto-Cross	
CTC	Cyclists’ Touring Club	
EU	European Union	
GB	Great Britain (England, Wales and Scotland)	
GMI	Global Market Insite	
GPS	Global Positioning System	
LED	Light Emitting Diode	
MSP	Manufacturers’ Selling Prices	
NCN	National Cycle Network	
PAC	Parts, Accessories and Clothing	
plc	public limited company	
TfL	Transport for London	
TLRN	Transport for London Road Network	
TV	Television	
UCI	Union Cycliste Internationale	
UK	United Kingdom (Great Britain and Northern Ireland)	
VAT	Value Added Tax