The bicycle chain market share is projected to reach US$ 12.8 Billion by 2034, up from US$ 7,763.89 million in 2024. This industry will grow at a stable CAGR of 5.13% until 2034.
Market Growth: The bicycle chain market has experienced steady growth due to the increasing popularity of cycling as a recreational activity, mode of transportation, and competitive sport. As more people embrace cycling for fitness, commuting, and leisure purposes, the demand for high-quality bicycle components, including chains, has risen accordingly.
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Market Players: The bicycle chain market is served by a variety of manufacturers, including established bicycle component brands, specialized chain manufacturers, and OEM suppliers. Major players in this market may include companies such as Shimano Inc., SRAM LLC, KMC Chain Industrial Co., Ltd., Campagnolo S.r.l., and Wippermann GmbH, among others.
Market Trends: Emerging trends in the bicycle chain market include the growing popularity of e-bikes and the increasing demand for high-performance components suitable for electric-assist bicycles. Additionally, there is a growing interest in sustainable and environmentally friendly materials and manufacturing processes, leading to the development of eco-friendly chain coatings and lubricants.
Aftermarket and OEM Sales: Bicycle chains are sold both as aftermarket components and as original equipment manufacturer (OEM) parts installed on new bicycles. Aftermarket sales cater to cyclists looking to upgrade or replace their existing chains, while OEM sales involve supplying chains to bicycle manufacturers for inclusion on new bikes.
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 Million by 2032.
- By 2032, East Asia is expected to hold the largest share of around 51.9% share in the global bicycle chain market.
- Demand for bicycle chains across China is projected to grow at 4.0% CAGR by 2034.
“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.
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.
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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
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
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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