The global bicycle chain market is projected to grow from USD 7,763.89 million in 2024 to USD 12,802.54 million by 2034, reflecting a steady CAGR of 5.13% over this period. Increasing emphasis on health and fitness has boosted the popularity of cycling as an effective form of exercise.
While cycling has long been a favored activity, recent trends—such as growing environmental concerns, the rise of lifestyle-related health issues, and increased health consciousness—have rejuvenated the bicycle industry. More individuals are opting for bicycles as a way to stay fit, reduce pollution, and save on transportation costs. This shift is expected to drive continuous growth in bicycle chain sales over the forecast period.
A key trend in the industry is the focus on improving cycling performance and speed, particularly for athletes. The incorporation of digital intelligence into bicycles is paving the way for smart bike technology. Innovations in bicycle chains, such as hollow pin designs for reduced weight and diamond or gold coatings for enhanced durability and aesthetics, are gaining traction.
Manufacturers are concentrating on producing chains that operate smoothly across multi-gear systems while minimizing wear and tear. The rapid expansion of the electric bicycle (e-bike) market is also driving demand for e-bike chains, with many traditional bicycle brands entering the e-bike space alongside new specialist brands.
The bicycle chain market is highly fragmented, with numerous leading players operating across various regions. To strengthen their global market presence, key participants are increasingly leveraging alternative distribution channels, such as online platforms.
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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 USD 1,007.4 Million 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.
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
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, 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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