Bicycle Saddle Market Analysis

Bicycle Saddle Market Overview

Bicycle Saddle Market Size was valued at USD 2.6 Billion in 2022. The Global Bicycle Saddle industry is projected to grow from USD 2.78 Billion in 2023 to USD 4.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Bike saddle manufacturers are meeting the evolving preferences of cyclists, be they enthusiasts or professionals, by introducing innovative designs, materials, and technologies aimed at elevating the overall riding experience are expected to be a significant market driver for the Bicycle Saddle Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bicycle Saddle Market Trends

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  Increasing importance of staying fit and leading a healthy life and the rising popularity of e-bikes is driving the market growth

  
  

Market CAGR for bicycle saddle is being driven by the Increasing importance of staying fit and leading a healthy life and the rising popularity of e-bikes. An increasing awareness of the significance of maintaining fitness and leading a healthy lifestyle is driving growth in the physical activity economy. In 2019, the sector reached $876 billion, experienced a dip to $747 billion in 2020 due to the pandemic, and rebounded swiftly in 2020-2022 as people resumed regular activities. The Global Wellness Institute (GWI) estimates the global physical activity market to be $976 billion in 2022, with North America leading as the largest regional market at $361 billion. As individuals recognize the preventive benefits of regular cycling against disorders like obesity, the market is poised for growth. Events such as the Tour de France and Ronde Van Vlaanderen, along with an increase in cycling events in Asia, Africa, and the Middle East, are amplifying the popularity of bicycles and subsequently driving demand for bike saddles. The adoption of leather saddles is anticipated to contribute significantly to bicycle demand, given their durability and aesthetic appeal.

Chinese bike saddle companies are strategically investing and expanding operations to capitalize on market opportunities, particularly in European countries, further fueling market growth. The burgeoning popularity of e-bikes has created a distinct niche in the bicycle saddle industry. Given the unique needs associated with the speed and longer rides of e-bikes, the introduction of specialized e-bike saddles is expanding the market further. This holistic growth trajectory positions the bicycle saddle industry for continued expansion in the foreseeable future.

As a result, it is anticipated that throughout the projection period, demand for the Bicycle Saddle Market will increase due to the Increasing importance of staying fit and leading a healthy life and the rising popularity of e-bikes. Thus, driving the Bicycle Saddle Market revenue.

Bicycle Saddle Market Segment Insights:

Bicycle Saddle Market Type Insights

The Bicycle Saddle Market segmentation, based on Type includes Plastic, Leather, and Others. The leather segment dominated the market, accounting for 58% of market revenue (1.5 Billion). Leather saddles have the unique quality of developing a patina over time, reflecting the individual usage patterns and enhancing the saddle's character. This customization aspect appeals to cyclists who appreciate the personalized touch that their saddle takes on as it ages. Leather saddles can mold and conform to the rider's anatomy over time, providing a personalized and comfortable fit. As cyclists spend more time on their bikes, the saddle adapts to their body shape, contributing to enhanced comfort during rides.

Figure 1: Bicycle Saddle Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bicycle Saddle Market Application Insights

The Bicycle Saddle Market segmentation, based on Application includes Mountain Bicycle, Road Bicycles, BMX Bicycles, and Others. The road bicycles segment dominated the market, accounting for 60% of market revenue (1.7 Billion). The upward trajectory of the road bike saddle market is propelled by the increasing demand for customizable options tailored to individual preferences and body types. Additionally, the convenience of online shopping, providing riders access to a diverse array of alternatives and user reviews, facilitates informed decision-making. With the expanding popularity of road riding, there is a concurrent rise in the demand for specialized saddles crafted to address the distinct requirements of road bike enthusiasts. This trend underscores the market's responsiveness to consumer preferences and the importance of catering to the evolving needs of a growing customer base.

Bicycle Saddle Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Bicycle Saddle market in North America can be attributed to several key factors. The surge in recreational cycling is a consequence of a cultural shift towards outdoor activities and an active lifestyle. Notably, the U.S. Bureau of Economic Analysis (BEA) reports that the outdoor recreation economy achieved a record-breaking $682 billion in economic output, generating 4.5 million jobs and constituting 1.9% of the total U.S. GDP in 2021. Furthermore, the International Trade Administration's Monthly Trade Monitor reveals a notable uptick of 234% in travel spending within the U.S., reaching $7.8 billion during the January to October period compared to the previous year. This trend is particularly pronounced in North America, where an increasing number of individuals are embracing cycling for leisure, thereby contributing significantly to the expansion of the bicycle accessories market. These economic indicators underscore the business opportunities presented by the growing interest in outdoor and recreational activities, particularly in the cycling sector.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: BICYCLE SADDLE MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Bicycle Saddle Market accounts for the second-largest market share as the heightened interest in cycling, fueled by a growing focus on health and fitness in Europe, has resulted in an increased demand for bicycles and associated accessories. As indicated by the EuropeActive report, European fitness memberships experienced a significant uptick of approximately 7 million members, representing a 12.3% increase from 56.2 million in 2021 to 63.1 million by the end of 2022, approaching pre-COVID levels seen in 2019. Among the 20 largest operators, membership numbers rose by 2.6 million or 22%, reaching 14.8 million. Leading fitness operators by the end of 2022 included Basic-Fit (3,352,000 members), RSG Group (1,805,000 members), and PureGym (1,655,000 members). Total revenues for the European fitness industry saw a substantial 66% increase to EUR 28.0 billion in 2022, closely approaching figures observed in 2019. The total number of fitness clubs saw a modest uptick of 0.5%, reaching 63,830. This surge in fitness memberships and industry revenues underscores the growing commitment to health and well-being in the European market. As cycling becomes a favored activity for leisure, commuting, and exercise, there is a correlated surge in demand for high-quality bicycle saddles, presenting notable business opportunities in the bicycle accessories sector. Further, the German Bicycle Saddle Market held the largest market share, and the UK Bicycle Saddle Market was the fastest-growing market in the European region

The Asia-Pacific Bicycle Saddle Market is expected to grow at the fastest CAGR from 2023 to 2032. The growing demand for specialized saddles, driven by the increasing popularity of electric bicycles (e-bikes), is a noteworthy trend. E-bike riders are actively seeking tailored saddles that meet their unique requirements. In the fiscal year 2022, the sale of electric bikes in India reached 231,338 units. The introduction of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) initiative in April 2015 by the Department of Heavy Industry in collaboration with the Society of Indian Automobile Manufacturers has significantly influenced the market. The second phase of FAME is set to provide subsidies for approximately 7,000 e-buses, 500,000 e-3 wheelers, 55,000 e-4 wheeler passenger cars, and 1 million e-2 wheelers. As part of this initiative, 2,877 charging stations are being constructed at 68 locations, with an estimated cost of INR 5 billion. Moreover, the flourishing Asia Pacific market for bicycle saddles is underscored by several factors. The rising middle class in many Asian countries, coupled with increased disposable incomes, has fueled a demand for premium and performance-oriented saddles. This market growth is further propelled by health-conscious lifestyles, the prevalent e-bike trend, and the increasing middle-class aspiration for high-quality cycling equipment. These factors collectively contribute to the expansion and diversification of the bicycle saddle market in the Asia Pacific region. Moreover, China’s Bicycle Saddle Market held the largest market share, and the Indian Bicycle Saddle Market was the fastest-growing market in the Asia-Pacific region.

Bicycle Saddle Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Bicycle Saddle market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Bicycle Saddle industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Bicycle Saddle industry to benefit clients and increase the market sector. In recent years, the Bicycle Saddle industry has offered some of the most significant advantages to the cycling community. Major players in the Bicycle Saddle Market, including Brooks England, Selle Royal, WTB, Tioga, Fizik, Prologo, 4ZA, Specialized, SMP, Astute, and ISM Seat are attempting to increase market demand by investing in research and development operations.

Brooks England, a longstanding private entity with 157 years of industry presence, specializes in the Retail sector. Headquartered in Smethwick, England, GB, the company maintains a workforce ranging from 500 to 1.0K employees. Brooks England is a distinguished manufacturer in the bicycle saddle industry, focusing on the production and marketing of saddles, bike accessories, cycle bags, and backpacks. The company employs a unique approach to saddle production by utilizing exclusively sourced leather from cows in the Northern U.K., primarily Ireland. This strategic choice is attributed to the natural occurrence of colder winters in the region, resulting in hides with a desirable combination of thickness and flexibility, ideal for the construction of premium saddles.

Prologo emerged with the ambition to lead in the bicycle industry, introducing innovation and reshaping perspectives on saddles and gloves across disciplines like Road racing, XC, Cyclocross, and Gravity. The Proxim line, powered by Prologo, stands as the official saddle line for the EWS and E-EWS, utilized by Team Lapierre Overvolt, Nicolas Vouilloz, Julien Absalon, and other esteemed teams and athletes. Collaborating with cycling excellence, innovative and patented technologies like the Multi-Sector System (MSS) and CPC (Connect Power Control) are crafted to ensure an unparalleled riding experience. These distinctive features empower saddles to seamlessly adapt to the rider's style and movements. The MYOWN fitting system provides consumers with a tool to identify the most suitable saddle based on individual characteristics and the practiced discipline.

Key companies in the Bicycle Saddle Market include

• Brooks England


• Selle Royal


• WTB


• Tioga


• Fizik


• Prologo


• 4ZA


• Specialized


• SMP


• Astute


• ISM Seat

Bicycle Saddle Industry Developments

May 2023: In May 2023, Fizik introduced the enhanced Antares saddle range, designed to provide superior comfort and adaptability for cyclists. The updated line features a center cut-out, a sleek low-profile design, and a broader snout, all strategically incorporated to eliminate pressure points, enhance rider comfort, and promote increased mobility during seated cycling.

June 2023: In June 2023, Velo unveiled its latest innovation within the Angel saddle line, the Angel Revo Halo. This new saddle introduces an expanded thermoplastic polyurethane foam, offering cyclists an additional option to tailor support and cushioning for an optimal riding experience. Building on the success of the original Angel, nitrogen-infused Atmos Foam Angel Revo saddles, and Angel TT, the Revo Halo integrates foam technology from the footwear industry, elevating levels of comfort, shock absorption, and durability. The saddle is available with titanium rails, maintaining a consistent 248mm length and 148mm width, aligning with the specifications of the Angel TT and Angel Revo models.

Bicycle Saddle Market Segmentation

Bicycle Saddle Market Type Outlook

• Plastic


• Leather


• Other

Bicycle Saddle Market Application Outlook

• Mountain Bicycle


• Road Bicycle


• BMX Bicycles


• Other

Bicycle Saddle Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America