Bicycle Bearings Market Global Opportunities, Industry Overview & Forecast Research Report

The global sales of bicycle bearings will be prominent via aftermarket, and would reach a value in excess of US$ 8 Bn in 2027, expanding at a robust CAGR during the forecast period of 2019-2027.

This report provides in depth study of "Bicycle Bearings Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bicycle Bearings Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Traffic congestion will remain a major concern for commuters, increasing demand for bicycles, and in turn, bicycle bearings. The adoption of bicycles aids in the preservation of natural resources that power various modes of transport. Additionally, one does not need to hold a license to ride a bicycle, which makes these vehicles a cheap, healthy, and viable option for anyone.

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Key Takeaways
• North America and Europe bicycle bearings market expected to show significant growth owing to the increasing use of bicycles in the regions.
• Corporate sectors in North America and Europe are promoting usage of bicycles and electric vehicles as modes of transportation inside campuses to improve air quality and decrease pollution index.
• Growth in demand for mountain and sport bicycles due to increase in number of terrain cycling events is expected to boost revenue growth of the global bicycle bearings market.
• Increasing use of bicycles, regular maintenance activities, and average operational life directly impact the growth of the bicycle bearings market.
• Bicycle ball bearings category is estimated to dominate the market over the forecast period as these bearings have applications in wheel hubs, bottom brackets, and chain sprockets.

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Competition Overview
The bicycle bearings market has become increasingly sophisticated as manufacturers are looking to lower cost and increase margins through the use of more stylish, lightweight & extra lightweight bicycle bearings. Key players involved in the bicycle bearings market are Schaeffler Technologies AG & Co. KG, Boca Bearing Inc., Endura Bearings, Jiangsu Wanda Special Bearing Co., Ltd., SKF AB, National Engineering Industries Limited, SMB Bearing, Fuda Bearing Corporation Co., Ltd., Kogel Bearing, and Yuyao Bote Bearing Co., Ltd., among others.

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Related reports:
• Automotive Parts Aftermarket
https://www.persistencemarketresearch.com/market-research/automotive-parts-aftermarket.asp
Global automotive aftermarket size had reached US$ 270 Bn in 2020 and estimated to attain US$ 390 Bn by 2026 at a decent CAGR of 4% during forecast period of 2021-26.

• Europe Automotive Parts Remanufacturing Market
https://www.persistencemarketresearch.com/market-research/europe-automotive-parts-remanufacturing-market.asp
The Europe automotive parts remanufacturing market is set to be valued over US$ 44 Bn by 2031, according to latest research by Persistence Market Research, a research and consulting firm. The report estimates the market to surge at a steady CAGR of close to 7% though the course of 2021-2031.

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This release was published on openPR.