The market for bicycle bags is expected to grow at a CAGR of 6.3% during the forecast period. Panniers fit under the bike seat and are usually attached to the rails of the saddle itself. Larger models can carry a few extra items when traveling. There are many options, with bike specific backpacks offering a lot of capacity and stability on the market. Many bike backpacks are lightweight, waterproof, and have a roll-top closure for easy opening. Many backpacks, like the Ortlieb Velocity, also come in multiple color options or in patterned fabrics. On road trips, panniers help carry things like a sleeping bag, spare clothing, and a bivouac sack. The growth of the bicycle bag market is supported by the increasing inclination of people to engage in outdoor leisure activities such as cycling, camping, hiking and others.
Since the COVID-19 pandemic, the demand for bicycles has increased due to the closure of gyms and swimming pools in many regions. Some nations rewarded new bike purchases or spending on bike maintenance to encourage ridership during the pandemic. Italy, for example, committed $250 million to a cash-back program that made Italian residents who bought a vehicle without a motor, such as a bicycle, eligible for a $590 stipend, while France offered a similar one program set up. This has led to people adopting bikes along with accessories like bags. That being said, increasing fear of public transport and a surge in exercise has led more and more people to opt for one of the most basic forms of mobility such as cycling, which in turn has led to product demand.
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Bike Bags Market Segmentation
By Material type
By Distribution Channel
- Online Sales
- Offline Sales
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- Rest of Europe
- South Korea
- Rest of APAC
Rest of the World
- AGU BV
- Alpkit, Ltd
- Blackburn (Vista Outdoor Inc)
- Deuter GB
- EVOC SPORTS GmbH
- Fenix Outdoor International AG
- Hermès International S.A.
- ORTLIEB Sportartikel GmbH
- Osprey Europe Ltd.
- Trek Bicycle Corp
- Win Co. Ltd.
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