Press release
Bicycle Derailleur Market: Key Trends, Applications, Size, Share And Forecast To 2033
Bicycle Derailleur Market
The bicycle derailleur market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to evolving consumer preferences, government initiatives for sustainable transportation, e-commerce growth, rising health consciousness, global events and sponsorships. Major trends in the forecast period include smart derailleur technology, continued technological innovation, technological advancements, focus on lightweight designs.
Market Overview -
A bicycle derailleur is a variable-ratio bicycle gearing system consisting of a chain, multiple sprockets of different sizes, and a mechanism to move the chain from one sprocket to another. It moves the chain up and down the cogs in the cassette and is an essential component that allows cyclists to shift gears and adjust chain tension while riding.
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Electric Bikes Surging Popularity Fuels Growth In The Bicycle Derailleur Market
The growing trend of e-bikes and e-mountain bikes is expected to boost the growth of the bicycle derailleur market going forward. An e-bike, or electric bike, refers to a particular kind of bicycle with an electric motor to help it move, and e-mountain bikes refer to electric bicycles used on off-road surfaces, such as challenging trails and steep slopes. Derailleurs are used to shift the chain from one sprocket to another, allowing the rider to change the gear ratio and pedal effort, and they are especially beneficial for e-bikes, which frequently weigh more due to the weight of the motor and battery. For instance, in March 2023, according to a report published by the German Bicycle Industry Association (Zweirad-Industrie-Verband), a Germany-based national interest group for bicycle, e-bike, components, and accessories industries, deliveries of Bicycles and E-Bikes to retailers, in 2022, the sales of bicycles and e-bikes climbed to $7.90 billion (7.36 billion euros) (+12%), an increase of 11% compared to 2021. Therefore, the growing trend of e-bikes and e-mountain bikes is driving the growth of the bicycle derailleur market.
Competitive Landscape -
Major companies operating in the bicycle derailleur market report are Shimano Industrial Co. Ltd., SRAM LLC, Campagnolo S.r.l., Miche , SR Suntour Inc., SunRace Sturmey-Archer Inc., Mavic Co., Falcon Cycles, KCNC International
, Rotor Componentes Tecnologicos SL , BBB Cycling, Interloc Racing Design (IRD), DIA-COMPE Taiwan CO. LTD., TEKTRO Racing Product, Gipiemme S.R.L., microSHIFT , Blackspire , Jtek Engineering Ltd., DMR Bikes, Dedaindustrie s.r.l., F.I.V. Edoardo Bianchi S.p.A., Token Products Inc., Absolute Black Co., Box Components, Ritchey Design Inc., OneUp Components, Jagwire , Full Speed Ahead Inc
Leading Bicycle Derailleur Manufacturers Innovate With Rear Derailleurs For Enhanced Market Presence
Major companies operating in the bicycle derailleur market are focused on developing innovative products, such as rear derailleurs, to meet larger customer bases, increase sales, and increase revenue. Rear derailleurs refer to bicycle drivetrain parts that transfer the chain between various rear-wheel sprockets. For instance, in August 2021, SRAM LLC, a US-based bicycle company, launched new XPLR rear derailleurs and cassettes. The XPLR eTap AXS rear derailleurs can work with both SRAM's current 10-36T cassettes and the new XPLR 10-44T cassettes. The top pulley wheel is offset to the primary pivot in the new design, which has a more extended knuckle at the top where the rear derailleur attaches to the hanger, moving closer or farther from the cassette as one changes gears.
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Key Segments -
The bicycle derailleur market covered in this report is segmented -
1) By Product Type: Front Derailleur, Rear Derailleur
2) By Material: Steel, Aluminum, Carbon Fiber, Other Materials
3) By End User: Hybrid Bike, Mountain Bike, Road Bike, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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