Bicycle Chain Market Overview with Demographic Data and Industry Growth Trends 2029 | FMI Report
VALLEY COTTAGE, N.Y. – Bicycle Chain Market: Introduction
Bicycle Chain is a type of roller chain which transfers the power from the pedals to the drive-wheel of the bicycles through propelling it. There are mainly two type of bicycle chain available in the market, single speed chains and multiple speed chains. Single speed chain is expected to hold prominent share in road bike and youth bikes while multiple speed chains accounts significant share in mountain and electric bikes.
In current scenario, alloy steel bicycle chains are estimated to hold substantial share in the market owing to increasing demand for corrosion preventive and durable material bicycle chains. The increasing concerns towards health & Safety as well as environmental sustainability are endorsing the usage of bicycle which directly impacts the Bicycle Chain market.
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Bicycle Chain Market: Dynamics
Bicycles do not use any external fuel to drive the system, which is one of the key benefit that is fueling the sales of bicycle and positively affect the growth of bicycle chain market. Additionally, conservation of natural resources is an insistent concern around the world and the depletion of these resources is a very real possibility in the future. In order to save oil and fuel, customers opt to bicycle to closer distances. This factor is estimated to accelerate the growth of the bicycle chain market over the forecast period. Furthermore, one does not need to hold a license to ride a bicycle, which makes these vehicles a healthy, cheap and viable option for anyone. Along with this factor, green transportation initiative is anticipated to boost the demand for bicycles and will glare the growth of bicycle chain market.
Moreover, increasing demand for e-bikes due to increasing traffic congestion and rising awareness among population for utilization of bicycle for short distance commute. Thus increasing bicycle and e-bike fleet is expected to boost bicycle chain market in the coming future. Recreational activities are witnessing growth over the decade owing to increasing travel & tourism activities in all over the globe.
Preview Analysis of Bicycle Chain Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029: https://www.futuremarketinsights.com/reports/bicycle-chain-market
In the recent past, the world witness overall development in the bicycle market that directly impacts bicycle chain market. The aftermarket of bicycle chain holds significant share in the global market due to significant replacement rate of bicycle chain. Many nations are promoting the use of bicycle owing to high traffic congestions and heavy pollutions by the automobiles. The increasing promotional activities are estimated to boost the bicycle chain market in coming years.
Bicycle Chain Market: Regional Outlook
In Bicycle Chain market, Asia Pacific is estimated to hold prominent share in the global market owing to increasing production as well as sales of bicycle across the region. Moreover, Asia Pacific also has largest bicycle fleet across the globe which directly impact on the aftermarket sales of bicycle chain. In Asia Pacific, Taiwan is one of the largest producer as well as prominent exporter of bicycles around the globe. China and India are expected to hold significant share in the bicycle chain market owing to increasing traffic congestion which will propel the demand for two wheelers including bicycles. This factor is projected to fuel the growth of bicycle chain market over the forecast period. Europe is also estimated to accounts for significant share owing to increasing bicycle fleet as well as bicycle sharing activities in the various countries. The Netherlands followed by Germany & Italy holds the prominent market share in the Europe bicycle chain market as these countries has maximum number of bicycle per capita. The increasing concern towards health and environment safety the sales & production of bicycle is increasing in North America region. This factor is estimated to bolster the demand for Bicycle Chain in near future.
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Bicycle Chain Market: Key Participants
Some of the key participants identified in the global Bicycle Chain market are:
- Campagnolo S.r.l.
- SRAM LLC
- Park Tool Co.
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