Global Bicycle Chain Market, By Material (Carbon Steel, Alloy Steel, Nickel Plated), Chain (One Speed, Derailleur), Bicycle (Kids, Road, Mountain, Racing), Width (1/8”, 3/16”, 3/32’’), Sales Channel (First Fit, Replacement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Bicycle Chain Market
The bicycle chain market is expected to witness market growth at a rate of 7.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on bicycle chain market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in bicycle sector globally is escalating the growth of bicycle chain market.
Bicycle chains refer to the type of chains that are manufactured from pairs of steels plates by pinning them to hold together. A roller is generally placed for separating each pair of inner plates, and rivet is pressed tightly through outer plates. These chains ensure the smooth working of the bicycle.
The increase in the concerns regarding the safety of bicycle riders across the globe acts as one of the major factors driving the growth of bicycle chain market. The high reliance of fossil fuels such as petrol and diesel, in most vehicles for transportation increasing the consumption of fuels, and increase in focus on reducing traffic and making roads safer for bicycle riders accelerate the market growth. The increase in number of companies that are investing in improving the designs for various parts of chain such as rollers, pins, and derailleurs, and high demand for more compatible and smoother chains further influence the market growth. Additionally, increase in demand for low emission transport alternatives, surge in the sales of bicycle and expansion of e-commerce platforms positively affect the bicycle chain market. Furthermore, huge demand for more attuned and smoother chains extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, advent of bike that ditches old gear-set is expected to obstruct the market growth. The increase in preference towards prototype chain-less bikes are projected to challenge the bicycle chain market in the forecast period of 2021 to 2028.
This bicycle chain market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bicycle chain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bicycle Chain Market Scope and Market Size
The bicycle chain market is segmented on the basis of product type, chain, bicycle, width and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the bicycle chain market is segmented into carbon steel, alloy steel and nickel plated.
- On the basis of chain, the bicycle chain market is segmented into one speed and derailleur.
- On the basis of bicycle, the bicycle chain market is segmented into kids, road, mountain, and racing.
- On the basis of width, the bicycle chain market is segmented into 1/8”, 3/16” and 3/32’’.
- On the basis of sales channel, the bicycle chain market is segmented into first fit and replacement.
Bicycle Chain Market Country Level Analysis
The bicycle chain market is analysed and market size, volume information is provided by country, product type, chain, bicycle, width and sales channel as referenced above.
The countries covered in the bicycle chain market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the bicycle chain market due to the high demand for both fitness and leisure, and increase in convenient method of achieving fitness goals within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in cycling population in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bicycle Chain Market Share Analysis
The bicycle chain market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bicycle chain market.
The major players covered in the bicycle chain market report are Campagnolo S.r.l., SRAM LLC, Wippermann, TAYA CHAIN, Park Tool Co., Renold Plc., Jenson USA, Odyssey BMX, Zhejiang Dong Mei Chain Co., Ltd., KMC, RKSA, TIEN YUEN MACHINERY MFG. CO. LTD., Metro Group, ZUMI CHAIN MFG. CO. LTD.,Rohloff AG, ASR OVERSEAS, ORIENTAL CHAIN MFG. CO. LTD., Avon Cycles Ltd.,SHIMANO INC and Giant Bicyclesamong, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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