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Bicycle Derailleur Market Size, Share, Industry Analysis, Segments And Forecast To 2033
Bicycle Derailleur Market
Bicycle Derailleur Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.65 billion In 2028 At A CAGR Of 8.9% :
The bicycle derailleur market size has grown strongly in recent years. It will grow from $1.72 billion in 2023 to $1.88 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing popularity of cycling, rising environmental awareness, urbanization and infrastructure development, competitive pricing, customization options.
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.
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Bicycle Derailleur Market Major 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 Driver - 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.
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Prominent Trend - 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.
Bicycle Derailleur Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the bicycle derailleur market in 2023. The regions covered in the bicycle derailleur market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bicycle Derailleur Market Report Structure
3. Bicycle Derailleur Market Trends And Strategies
4. Bicycle Derailleur Market - Macro Economic Scenario
5. Bicycle Derailleur Market Size And Growth
…..
27. Bicycle Derailleur Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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