Global Motorcycle Chain Sprocket Market, By Chain Type (Standard Rolling Chain, O Ring Chain, X Ring Chain), Engine Capacity (Up to 150 CC, 151-300 CC, 301-500 CC, Above 500 CC), Motorcycle Type (Standard, Cruiser, Sports, Mopeds and Others), Sales Channel (OEM, Aftermarket) – Industry Trends and Forecast to 2030.
Motorcycle Chain Sprocket Market Analysis and Size
Growing demand for lightweight vehicle accessories and components to reduce the vehicle's weight and increase the life of a vehicle are expected to witness higher growth in the motorcycle chain sprocket market. Moreover, growing urbanization in developing countries such as Asia-Pacific and Latin American countries, increasing employment. Improvements in disposable income and a rise in dual income households of middle-class families are some of the major aspects that will enhance the market growth rate in upcoming years.
Data Bridge Market Research analyses that the motorcycle chain sprocket market was valued at USD 2336.73 million in 2022 and is expected to reach the value of USD 3925.76 million by 2030, at a CAGR of 6.70% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Motorcycle Chain Sprocket Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Chain Type (Standard Rolling Chain, O Ring Chain, X Ring Chain), Engine Capacity (Up to 150 CC, 151-300 CC, 301-500 CC, Above 500 CC), Motorcycle Type (Standard, Cruiser, Sports, Mopeds and Others), Sales Channel (OEM, Aftermarket)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Tsubakimoto Chain Co (China), Rockman (India), Regina Catene Calibrate Spa (Italy), L.G.Balakrishnan & Bros Ltd (India), Jomthai Asahi Co.,Ltd (Thailand), Hengjiu Group (China), JT Sprockets (U.K.), TIDC India (India), RK JAPAN (Japan), IZUMI CHAIN MFG.CO.,LTD (Japan), Renthal (India)
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Market Opportunities
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Market Definition
Motorcycle chain sprocket is employed in motorcycle when the distance between shafts is more than the gearing’s intended size. A bike uses a chain sprocket because this makes the specified distance between shafts and gear-to-gear meshing. The chain sprocket holds the wheel sprocket and transmissions the engine power into forwarding speed by turning the wheel.
Global Motorcycle Chain Sprocket Market Dynamics
Drivers
- Increasing demand of motorcycle
Consumers' demand for the motorcycle increases due to several factors such as low environmental impact, associated freedom of movement in crowded urban environments, affordable price brackets for middle-class buyers, and ease of parking. As a result of this, raising the growth of the motorcycle chain sprocket market during the forecast period.
- Increasing population and high traffic congestion
With the increasing population and traffic congestion all over the globe, the demand for compact vehicles such as scooters and motorcycles is growing. The rising demand and sales of new motorcycles due to large number of population and traffic congestion is anticipated to drive the growth rate of the market during the forecast period
Opportunities
- Surging demand for innovative and stylish bikes
The growth of the market can be attributed to several factors, which will also create lucrative opportunities in forecast period. The primary and one of the major is all of them being growing purchasing power. Increased demand for attractive and stylish bikes is also the major factor expected to boost the market's growth. Manufacturers are highly focusing on manufacturing conventional motorcycles with sportier look featuring good fuel efficiency and larger displacement engines, which further create immense opportunities for market growth during the forecast period.
Restraints
- Availability of low-cost alternatives and limited usage capacity
The growth in the inclination towards electric bikes and increasing government initiatives towards encouraging people to purchase electric vehicles are some of the major factors that will be expected to obstruct the market growth. The stringent emission norms and rise in awareness about pollution are expected to challenge the t market in the forecast period of 2023 to 2030.
This motorcycle chain sprocket 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 the motorcycle chain sprocket 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 Motorcycle Chain Sprocket Market Scope
The motorcycle chain sprocket market is segmented based on chain type, engine capacity, motorcycle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Chain Type
- Standard Rolling Chain
- Ring Chain
- X Ring Chain
Engine Capacity
- Up to 150 CC
- 151-300 CC
- 301-500 CC
- Above 500 CC
Motorcycle Type
- Standard
- Cruiser
- Sports
- Mopeds
- Others
Sales Channel
- OEM
- Aftermarket
Motorcycle Chain Sprocket Market Regional Analysis/Insights
The motorcycle chain sprocket market is analyzed and market size insights and trends are provided by country, chain type, engine capacity, motorcycle type and sales channel as referenced above.
The countries covered in the motorcycle chain sprocket market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the motorcycle chain sprocket market in revenue growth. This is mainly due to the increasing production of motorcycles. Moreover, high automotive production and sales in this region will likely to enhance the growth of the market
North America is projected to be the fastest developing region during the forecast period of 2023-2030 due to the government's high investments in the automotive sector. China is projected to hold a major market value share and grow at a high rate during the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Motorcycle Chain Sprocket Market Share Analysis
The motorcycle chain sprocket 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, Global presence, production sites and facilities, production capacities, 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 motorcycle chain sprocket market.
Some of the major players operating in the motorcycle chain sprocket market are:
- Tsubakimoto Chain Co (China)
- Rockman (India)
- Regina Catene Calibrate Spa (Italy)
- L.G.Balakrishnan & Bros Ltd (India)
- Jomthai Asahi Co.,Ltd (Thailand)
- Hengjiu Group (China)
- JT Sprockets (U.K.)
- TIDC India (India)
- RK JAPAN (Japan)
- IZUMI CHAIN MFG.CO.,LTD (Japan)
- Renthal (India)
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