Bicycle Brake Cable Market : Size, Share & Forecast by Bicycle Type, Brake Type, and Material (2023-2032)

Brake cables are used for braking on a bicycle with cable-pull brakes the cable is known as Bowden cable. Bicycle brake cables have two applications front and rear braking. It consists of two parts an inner cable of braided stainless-steel wire and an outer cable housing. Brakes use helical housing which consists of a tightly wrapped helix of steel wire lined on both inside and outside by plastic coating. The outer cable housing is coated with polymer or plastic coating which protects the wire from corrosion and dust. The brakes work by transmitting force using a combination of tension on the inner cable and compression to the brake housing. Usually, the cable's tension can be adjusted using an inline hollow bolt that lengthens or shortens the cable housing relative to the fixed anchor point. Lengthening the housing tightens the cable and shortening the housing loses the cable. Bicycle brake cables require time to time oiling and greasing to ensure long life span and safety. Moreover, flexibility is one of the key parameters while selecting a bicycle brake cable to maintain proper functioning and durability.

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COVID-19 Impact Analysis

The outbreak of COVID-19 did not have much effect bicycle brake cable market. The bicycle market instead witnessed notable growth during this global health crisis. Since, there was a rise in health consciousness among consumers and preference for personal means of transportation thus, using bicycles for traveling short distances. Furthermore, the implementation of stringent norms such as social distancing during the pandemic has enforced individuals to avoid gathering in gyms and travel through public transports, which, in turn, boosted the demand for bicycles. In addition, as bicycle saves fuel cost and the time spent in traffic, individuals prefer bicycle while traveling to the office. Therefore, the positive impact of COVID-19 on the bicycle market has driven the growth of the bicycle brake cable market.

Top Impacting Factors

Traffic congestion, low maintenance cost, and popularity in cycling events across the globe are expected to drive the growth of the market.

However, wide availability for alternative traveling choices and unfavorable weather conditions can hamper the market.

Moreover, cycling infrastructure development initiatives from the government, aftermarket sales of brake cables, and high demand for electric bicycles can act as various opportunities for the growth of the market.

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Market Trends

Rise government focus to build cycling infrastructure

The government of major countries is supporting the development of bicycle infrastructure by proving sharing facilities which is likely to ease the demand for the product among the local population. Moreover, countries such as U.S., France, India, and other countries have separate lanes for bicycle travel.
For instance, the City of Austin, the Government of Texas, U.S. partnered with Austin-based Capital Metropolitan Transportation Authority to start an Austin BCycle bicycle share program in September 2020, which includes the installation of a new bike station in the city.

Moreover, the UK government has proposed to spend $2,000 million for developing cycling and walking infrastructural facilities in May 2020. Furthermore, the emergence of various online bicycle booking platforms via mobile applications such as Uber, Bike, Yulu, and others is likely to drive the growth of bicycle usage which further can act as an opportunity for the growth of bicycle brake cable market.

Key Benefits of the Report

This study presents the analytical depiction of the bicycle brake cable market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with the challenges of the bicycle brake cable market.

The current market is quantitatively analyzed to highlight the bicycle brake cable market growth scenario.

The report provides a detailed bicycle brake cable market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions Answered in the Report

Which are the leading market players active in the bicycle brake cable market?

What would be the detailed impact of COVID-19 on the market?

What current trends would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the bicycle brake cable market?

What are the projections for the future that would help in taking further strategic steps?

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