Press release
Bicycle Brake Components Industry Share, Opportunities and Future Growth with Forecast by 2025
In terms of consumption side, this report focuses on the consumption of Bicycle Brake Components by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Bicycle Brake is intended to provide a decelerating force to retard a bicycle speed and for placing it in rest. In urban and rural areas, bicycles are attaining popularity as an effective means of transportation, where it is often more convenient than other methods.
Bicycle brakes are the prominent part of bicycle, these are often made of aluminum for reasons of strength, weight, and corrosion resistance and for low-end bicycles, and many parts are made of steel. Brake pedal, disc brake, rear brake and others are bicycle brake components, intended to stop the motion of bicycle when needed. Bicycle brake components differ with type of bicycle such as disc brake for mountain bikes, and downhill racing bikes.
Hayes brakes with advanced technology also committed for high performance with breakthrough design. Urban bikes with sustainable design, lightweight, and manageable brakes also attract the user. Opportunities associated with new technological advancement in bicycles as in e-bikes, standard, mountain terrain bike, kid bicycle segment and racing bikes become a factor to fuel the market growth of bicycle brake components market.
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In order to enhance the quality of bicycles, manufacturing companies are focusing towards improvement of bicycle brake components by using high quality steel and aluminum parts. Moreover bicycle brake components market undergone significant growth by improvising its brake components designs, techniques. Bicycles are cost efficient than any other vehicles, and in large population areas, workers use bicycles in order to escape the crowded trains on their daily commute.
Such factors drive the market growth in developing countries for bicycle brake component market. Green movement to maintain ecofriendly atmospheres, the need to address health problems, environmental sustainability, and higher gas prices augur well for the future of human-powered transportation. Increase in the popularity of bicycle racing also drive the growth for bicycle brake components market.
The hybrid bicycle segments with disc brakes is estimated to account for significant amount in the bicycle market due to high demand from the users for, commuting, recreational, and trekking purposes. High bicycle market growth boost the demand for light weighted, attractive design brake components. The repair and maintenance of bicycles is expected to drive the brake components market perennially.
The Bicycle Brake Components market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Bicycle Brake Components.
This report includes the following manufacturers; we can also add the other companies as you want.
Maxway Cycles
INT'L CORP
Shimano
SRAM Corporation
Magura
Fibrax
Hayes Disc Brake
Promax Components
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Market Segment by Product Type
Spoon Brake
Duck Brake
Rim Brake
Disc Brake
Market Segment by Application
Road Bikes
Sports Bikes
Hybrid Bikes
Mountain Bikes
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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