The global bicycle chain market is poised for substantial growth, with its size projected to increase from US$ 7,140.8 million in 2022 to US$ 11,774.8 million by 2033. Throughout the forecast period from 2022 to 2032, the market is expected to exhibit a strong CAGR of 5.1%, driven by the escalating production and sales of various bicycle types worldwide, which in turn boosts the demand for bicycle chains.
To keep pace with upcoming trends in advanced transmission mechanisms, chain manufacturers are focusing on optimizing old chain designs and producing more efficient and robust chains. The demand for precise gear shifting is particularly pronounced in sectors such as sports, endurance, and competitions.
Gain expert insights and supercharge your growth strategies. Download our market overview sample now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-10535
Manufacturers are investing in research and development to improve different aspects of bicycle chains, including small pin manufacturing, roller diameter, advanced derailleurs, and smoother chain guides. The adoption of enhanced chain tensioner mechanisms is also growing, contributing to overall market development. As the need for smooth gear changes persists, the industry is driven by the quest for smoother and more suitable chains, fueling swift technological advancements in the bicycle chain market during the forecast period.
Key Takeaways from Market Study
- By material type, the alloy steel segment is projected to hold a significant share of about 43.8% due to its features such as high durability, high endurance strength, and ductility.
- Based on chain speed, 1-speed chain category is estimated to hold around 21.6% of the market value share.
- By sales channel, OEM segment is expected to grow at the highest CAGR during the forecast period, creating an incremental $ opportunity of 2,502.4 Mn by 2032.
- By 2032, East Asia is expected to hold the largest share of around 51.9% share in the global bicycle chain market.
- The U.S. bicycle chain market is likely to surpass US$ 1,007.4 Mn by the end of 2032.
- Demand for bicycle chains across China is projected to grow at 4.4% CAGR between 2022 and 2032.
“Growing demand for E-bicycle is boosting the growth of bicycle parts and components which is expected to create opportunities for bicycle chain companies. In order to grab maximum benefits, manufacturers are focusing on developing durable products while also providing new designs and customized solutions to customers as per their requirements. This will bode well for the overall bicycle chain market, says a Future Market Insights analyst.
Get Your Report Customize, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-10535
Who is Winning?
Among the industry’s key players are KMC (KUEI MENG) INTERNATIONAL INC., SHIMANO INC., TIEN YUEN MACHINERY MFG. CO., LTD., RENOLD PLC., TAYA CHAIN CO., Ltd., SRAM LLC, RK SOUTH ASIA SDN. BHD, Izumi Chain Mfg Co. Ltd., Oriental Chain Mfg. Co., Ltd., ASR OVERSEAS, Zhejiang Dong Mei Chain Co., Ltd., Metro Group and others. Globally, some key players are focusing on creating a strong supply channel by expanding their supplier network in order to gain more sales from local markets.
Key Segments Covered in Bicycle Chain Industry Analysis
By Chain Type:
- 1-Speed
- 9-Speed
- 10-Speed
- 11-Speed
- 12-Speed
- Others
By Material Type:
- Carbon Steel
- Alloy Steel
- Nickel Plated
Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-10535
By Bicycle Type:
- Kids
- Road
- Mountain
- Racing
- E-Bike
By Width:
- 1/8″
- 3/16″
- 3/32″
By Sales Channel:
- First Fit (OEM)
- Replacement (Aftermarket)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
