Market Overview:
The global bicycle sprocket market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bicycles across the globe, owing to their advantages such as low cost, easy portability, and environment-friendly nature. In addition, technological advancements in the bicycle industry are also propelling the growth of this market. The global bicycle sprocket market is segmented on the basis of type into front sprockets and rear sprockets. The front sprocket segment is projected to grow at a higher CAGR than that of rear sprockets during the forecast period from 2018 to 2030. This can be attributed to its growing demand in road bicycles due to their ability improve gear shifting and pedaling efficiency. On the basis of application,the global bicycle sprocketmarket is divided into road bicycles, mountain bikesand others (including BMX bikesand children’s bikes).
Product Definition:
A bicycle sprocket is a gear that attaches to the pedals on a bicycle and drives the chain that powers the rear wheel. They come in different sizes, and are usually made of metal.
Front Sprocket:
The front sprocket is a gear that is attached to the front of the bicycle. It helps in increasing or decreasing the speed of a bicycle by selecting different gears. The selection depends on whether it's being used for low, medium or high speeds.
Rear Sprocket:
Rear sprockets are the smaller, circular gears that are fixed to the rear of a bicycle wheel. The number of gears that can be attached to a rear wheel is limited by the number and size of it's sprockets. There are two types of rear sprockets - freewheel and chainwheel.
Application Insights:
The road bicycle sprocket segment accounted for the largest share of over 60.0% in 2017. The growing popularity of road bicycles due to its ability to carry heavy loads and cover long distances at a stretch is expected to be the key factor for segment growth over the forecast period. Road bicycles are generally heavier than mountain bikes, thus they require larger front and rear sprockets so that riders can change gears easily while riding on flat roads or highways without pedaling fast enough to make himself winded or out of breath.
Riders prefer using road bicycles as they provide a more comfortable ride owing to wide tires with high air pressure which absorb shocks better, thereby reducing fatigue on long rides.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing production of bicycles in countries, such as China and India. Moreover, rising popularity of mountain biking as a sport is also expected to drive demand for bicycle sprockets over the next eight years.
North America accounted for a significant share owing to growing popularity of road cycling events across U.S., Canada, and Mexico. Europe was another key regional segment accounting for more than 25% revenue share in 2017 on account of high product penetration due mountain bike sales especially during weekends at local markets along with online retailers Amazon & specialized stores like Wiggle (Belgium).
Growth Factors:
- Increasing demand for bicycles from the fitness-conscious population
- Rising popularity of cycling as a mode of transportation in congested urban areas
- Government initiatives and subsidies to promote cycling as an eco-friendly alternative to motorized transport
- Technological advancements that have made bicycles lighter and more efficient
- Growing number of women cyclists
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Sprocket Market Research Report
By Type
Front Sprocket, Rear Sprocket
By Application
Road Bicycle, Mountain Bike, Others
By Companies
BikeMaster, Huaihai Holding, GT Bicycles, SHIMANO, Sun Race, ESJOT, Pace Technologies, GARG AUTO INDUSTRIES, Wippermann
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Sprocket Market Report Segments:
The global Bicycle Sprocket market is segmented on the basis of:
Types
Front Sprocket, Rear Sprocket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Road Bicycle, Mountain Bike, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BikeMaster
- Huaihai Holding
- GT Bicycles
- SHIMANO
- Sun Race
- ESJOT
- Pace Technologies
- GARG AUTO INDUSTRIES
- Wippermann
Highlights of The Bicycle Sprocket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Sprocket
- Rear Sprocket
- By Application:
- Road Bicycle
- Mountain Bike
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bicycle Sprocket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bicycle sprocket is a metal or plastic gear that attaches to the rear wheel of a bicycle and helps to turn the wheel.
Some of the major players in the bicycle sprocket market are BikeMaster, Huaihai Holding, GT Bicycles, SHIMANO, Sun Race, ESJOT, Pace Technologies, GARG AUTO INDUSTRIES, Wippermann.
The bicycle sprocket market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Sprocket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bicycle Sprocket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Sprocket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bicycle Sprocket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bicycle Sprocket Market Size & Forecast, 2018-2028
4.5.1 Bicycle Sprocket Market Size and Y-o-Y Growth
4.5.2 Bicycle Sprocket Market Absolute $ Opportunity
Chapter 5 Global Bicycle Sprocket Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bicycle Sprocket Market Size Forecast by Type
5.2.1 Front Sprocket
5.2.2 Rear Sprocket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bicycle Sprocket Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bicycle Sprocket Market Size Forecast by Applications
6.2.1 Road Bicycle
6.2.2 Mountain Bike
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Sprocket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bicycle Sprocket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bicycle Sprocket Analysis and Forecast
9.1 Introduction
9.2 North America Bicycle Sprocket Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bicycle Sprocket Market Size Forecast by Type
9.6.1 Front Sprocket
9.6.2 Rear Sprocket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bicycle Sprocket Market Size Forecast by Applications
9.10.1 Road Bicycle
9.10.2 Mountain Bike
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bicycle Sprocket Analysis and Forecast
10.1 Introduction
10.2 Europe Bicycle Sprocket Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bicycle Sprocket Market Size Forecast by Type
10.6.1 Front Sprocket
10.6.2 Rear Sprocket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bicycle Sprocket Market Size Forecast by Applications
10.10.1 Road Bicycle
10.10.2 Mountain Bike
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bicycle Sprocket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bicycle Sprocket Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bicycle Sprocket Market Size Forecast by Type
11.6.1 Front Sprocket
11.6.2 Rear Sprocket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bicycle Sprocket Market Size Forecast by Applications
11.10.1 Road Bicycle
11.10.2 Mountain Bike
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bicycle Sprocket Analysis and Forecast
12.1 Introduction
12.2 Latin America Bicycle Sprocket Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bicycle Sprocket Market Size Forecast by Type
12.6.1 Front Sprocket
12.6.2 Rear Sprocket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bicycle Sprocket Market Size Forecast by Applications
12.10.1 Road Bicycle
12.10.2 Mountain Bike
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bicycle Sprocket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bicycle Sprocket Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bicycle Sprocket Market Size Forecast by Type
13.6.1 Front Sprocket
13.6.2 Rear Sprocket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bicycle Sprocket Market Size Forecast by Applications
13.10.1 Road Bicycle
13.10.2 Mountain Bike
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bicycle Sprocket Market: Competitive Dashboard
14.2 Global Bicycle Sprocket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BikeMaster
14.3.2 Huaihai Holding
14.3.3 GT Bicycles
14.3.4 SHIMANO
14.3.5 Sun Race
14.3.6 ESJOT
14.3.7 Pace Technologies
14.3.8 GARG AUTO INDUSTRIES
14.3.9 Wippermann
