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Global Bicycle Chain Market Size, Share, and Forecast Analysis 2025-2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.What Are the Bicycle Chain Market Size Forecast for 2025?
The market size of bicycle chains has been expanding significantly in the past years. An increase from $7.43 billion in 2024 to $7.85 billion in 2025 with an annual compound growth rate (CAGR) of 5.6% is anticipated. The historical growth is largely due to factors such as heightened urbanization and the demand for better transport systems, an increase in health and fitness consciousness, government efforts to encourage cycling, the creation of improved cycling facilities, the proliferation of bike-sharing initiatives, and the impact of increased fuel prices stimulating the need for affordable transportation.
What Is the Market Size Outlook for Bicycle Chain Until 2029?
In the coming years, it is forecasted that the bicycle chain market will experience robust expansion. By 2029, its value is projected to be $9.84 billion, growing at a compound annual growth rate (CAGR) of 5.8%. This predicted growth during the forecast period is largely due to the ongoing urbanization and city congestion, improvements in electric bicycles or e-bikes, rising investments in cycling structure, increased awareness of environmental issues, and sustainability initiatives, as well as advances in lightweight and durable materials. The period also sees trends like accelerated use of e-bikes, a spike in demand for connected and intelligent bicycles, a surge in cycling tourism and events, broadening options for bike-sharing and micro-mobility, and technological progress in lightweight and robust materials.
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What Are the Major Factors Driving Demand in the Bicycle Chain Market?
The surge in the number of cycling enthusiasts is predicted to boost the growth of the drug-eluting stent market in the future. These enthusiasts are people with a deep commitment and zeal for cycling as a leisure activity or competitive sport. As a prime cardiovascular activity, cycling fosters heart health, muscle strength, and boosts stamina. Furthermore, cycles are more cost-effective in terms of purchase and maintenance as compared to cars. The bicycle chain, which supports energy transfer from pedaling thus thrusting the bicycle forward using the chainrings and rear cassette or freewheel, plays a crucial role. As per a June 2023 report by the Outdoor Industry Association (OIA), a non-profit organization based in the US, the number of outdoor cycling participants rose to 54.7 million enthusiasts, reflecting a 6.5% growth from 2021 to 2022. Additionally, there was an annual growth rate of 8.5% in BMX bicycling. Therefore, this escalating cycling enthusiast population is expected to fuel the growth of the bicycle chain market.
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How Are End-Use Segments Shaping the Bicycle Chain Market Outlook?
The bicycle chain market covered in this report is segmented -
1) By Type: 6 Speed,8 Speed, 10 Speed, Other Types
2) By Material Type: Carbon Steel, Alloy Steel, Nickel Plated
3) By Application: Road Bikes, Mountain Bikes, Hybrid And Commuter Bikes, Electric Bikes, E Cargo Bikes
4) By Sales Channel: First Fit, Replacement
Subsegments:
1) By 6 Speed: Standard 6-speed Chains, Heavy-Duty 6-speed Chains
2) By 8 Speed: Standard 8-speed Chains, Heavy-Duty 8-speed Chains
3) By 10 Speed: Standard 10-speed Chains, Heavy-Duty 10-speed Chains
4) By Other Types: 9-Speed Chains, 11-Speed Chains, 12-Speed Chains, Single-Speed Chains, Variable Speed Chains
What Are the Strategic Trends Transforming the Bicycle Chain Market Landscape?
Prominent entities in the bicycle chain market are focusing on personalization and modification of components through the development of advanced chain sprocket kits. Such kits not only enhance performance but also broaden the market share. Electric bicycles or bicycles typically use these kits, which include components like chainrings, cogs, or a customized cassette that fits the particular requirements of electric bike motors and drivetrains. To illustrate, L. G. Balakrishnan & Bros. Ltd., an automotive component producer from India, launched the sector's first electric bike chain sprocket kit in December 2023. This kit, specifically supplied to Tork Motors, marks a significant leap in electric mobility solutions. They also launched bespoke chain sprocket kits for the Ultraviolette F77 to meet the unique needs of high-performance electric motorcycles. In addition to these innovations, the company broadened its product line by introducing a new range of dampers crafted from poly PU rubber materials, thereby enriching its assortment of automotive components.
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Who Are the Prominent Companies in the Bicycle Chain Market by ?
Major companies operating in the bicycle chain market are Shimano Inc, Tsubakimoto Chain Co., SRAM LLC, Renold PLC, KettenWulf Betriebs GmbH, Campagnolo Srl, Sedis, Wippermann GmbH, SunRace Sturmey-Archer Inc, Taya Chain Co. Ltd., Full Speed Ahead (FSA), Sugino Machine Limited, BBB Cycling, Miche S.p.A., Regina Chain, CeramicSpeed Sport A/S, KMC Chain Industrial Co Ltd., Izumi Chain Mfg Co Ltd, Kettenfabrik Unna AG, Atlas Engineering Works (Atlas Chains), Token Products USA, HKK Chain, OMO Bikes, VisionTech
Which Region Is Expected to See the Highest CAGR in the Bicycle Chain Market?
North America was the largest region in the bicycle chain market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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