Bicycle Chain Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A bicycle chain is a type of chain that are used to transfers power from the pedals to the drive-wheel of a bicycle. Bicycle chains are either made of stainless steel for corrosion resistance, nickel for aesthetics, and titanium for weight reduction. An extensive use of bicycles for maintaining a healthy lifestyle and for leisure activities are the main drivers for the bicycle chain market during the forecast period.

MARKET DYNAMICS

Bicycles are considered a flexible and cheap option for transport and an environmentally friendly transport, an increasing inclination towards the use of cheap and eco-friendly methods of transport, is booming the demand for the bicycles, which significantly impacts on the growth of the bicycle chain market. Moreover, there is immense focus on making traffic and roads safer and more streamlined. To tackle with soaring pollution levels, government are taking initiatives to promote more sustainable modes of transport and development of cycling infrastructure. Thereby, increasing demand for the bicycle chain market.

MARKET SCOPE

The Global Bicycle Chain Market Analysis to 2031 is a specialized and in-depth study of the bicycle chain industry with a special focus on the global market trend analysis. The report aims to provide an overview bicycle chain market with detailed market segmentation as material, chain, bicycle type, and geography. The global bicycle chain market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bicycle chain market players and offers key trends and opportunities in the bicycle chain market.

MARKET SEGMENTATION

The global bicycle chain market is segmented on the basis of material, chain, bicycle type. On the basis of material the market is segmented as carbon steel, alloy steel, nickel plated. On the basis of chain the market is segmented as one speed, derailleur. On the basis of bicycle type the market is segmented road, mountain, racing, hybrid.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bicycle chain market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bicycle chain market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting bicycle chain market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the bicycle chain market in these regions.

MARKET PLAYERS

The reports cover key developments in the bicycle chain market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bicycle chain market are anticipated to lucrative growth opportunities in the future with the rising demand for bicycle chain in the global market. Below mentioned is the list of few companies engaged in the bicycle chain market.

The report also includes the profiles of key bicycle chain companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Izumi Chain Mfg. Co. Ltd.
  
•   KMC Group
  
•   Metro Group
  
•   Oriental Chain Mfg. Co. Ltd.
  
•   Renold PLC.
  
•   RK South East Asia SDN. BHD
  
•   Shimano Inc.
  
•   Taya Chain Co., Ltd.
  
•   Tien Yuen Machinery Mfg. Co. Ltd.
  
•   Zhejiang Dong Mei Chain Co., Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bicycle Chain Report Scope