Global Automotive Bicycle Chain Market, By Bicycle Type (Mountain Bike, Hybrid/Cross Bike, Road Bike), Material (Carbon Steel, Alloy Steel, Nickel Plated), Width (1/8,3/16, 3/32), Chain Type (Single Speed Chains, Multiple Speed Chains, 5 Speed Chains), 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 Automotive Bicycle Chain Market
Automotive bicycle chain market is expected to grow at a compound annual growth rate of 4.50% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive bicycle chain market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The bicycles do not require any external fuel to drive the system, which is one of the key benefit and at the same time fueling the sales of bicycle and is positively affecting the growth rate of automotive bicycle chain market over the forecast period of 2021 to 2028. Customers belonging from the demand side sectors, counting sports, are looking for technologies guarantying enhanced precision in shifting gears. Therefore, an escalating number of companies are investing in enhancing the designs for a range of parts of chain such as rollers, pins and derailleur’s, which in turn is raising the growth of the target market. Additionally, preservation of natural resources is an unrelenting concern across the world and the diminution of these resources is a very real prospect in the future. So as to save oil and fuel, customers decide on to bicycle to closer distances. This factor is anticipated to accelerate the growth of the automotive bicycle chain market over the forecast period. In addition, one does not need to hold a license to ride a bicycle, which makes these vehicles a well, cheap and feasible option for anyone. Along with this factor, green transportation program is projected to boost the demand for bicycles and will flourish the growth of automotive bicycle chain market. Moreover, rising demand for e-bikes owing to growing traffic congestion and increasing awareness amongst population for use of bicycle for short distance travel. Thus escalating bicycle and e-bike fleet is expected to boost automotive bicycle chain market in the forecast period. Leisure activities are witnessing growth over the decade due to ever-increasing travel and tourism activities in all over the world. There is huge demand for more attuned and smoother chains. Driven by this, the automotive bicycle chain market will witness immense scope for expansion in the above mentioned forecast period.
However, the arrival of bike that ditches old gear-set and chain in total with a driveshaft arrangement is acting as a market restraint for automotive bicycle chain in the forecasted period of 2021 to 2028.
This automotive 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 automotive 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 Automotive Bicycle Chain Market Scope and Market Size
Automotive bicycle chain market is segmented on the basis of bicycle type, material, width, chain type and sales channel. The growth among segments helps you analyze 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 bicycle type, the automotive bicycle chain market is segmented into mountain bike, hybrid/cross bike and road bike.
- Based on material, the automotive bicycle chain market is segmented intocarbon steel, alloy steel and nickel plated.
- On the basis of width, the automotive bicycle chain market is segmented into1/8",3/16" and 3/32’’.
- On the basis of chain type, the automotive bicycle chain market is segmented into single speed chains, multiple speed chains and 5 speed chains.
- The automotive bicycle chain market has also been segmented on the basis of sales channel into first fit and replacement.
Automotive Bicycle Chain Market Country Level Analysis
Automotive bicycle chain market is analyzed and market size, volume information is provided by country, bicycle type, material, width, chain type and sales channel as referenced above.
The countries covered in the market report are 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).
Asia-Pacific leads the automotive bicycle chain market owing to the rapidly increasing production as well as sales of bicycle in this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the growing bicycle fleet along with bicycle sharing activities in the emerging countries 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 Automotive Bicycle Chain Market Share Analysis
Automotive 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 automotive bicycle chain market.
The major players covered in the automotive bicycle chain report areCampagnolo 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 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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