The global bicycle chain market is projected to reach USD 12,802.54 million by 2034, up from USD 7,763.89 million in 2024, reflecting a steady CAGR of 5.13% throughout this period. The rising focus on health and fitness has increased the popularity of cycling as an effective form of exercise.
Cycling has long been a popular exercise, but recent factors such as growing environmental concerns, a rise in lifestyle-related diseases, and heightened health awareness have revitalized the bicycle industry. More people are choosing bicycles to stay fit, reduce pollution, and cut transportation costs. This trend is expected to drive continued growth in bicycle chain sales over the forecast period.
A notable trend in the industry is the pursuit of faster cycling times and enhanced performance for athletes. The integration of digital intelligence into bicycle mechanisms is paving the way for smart bicycle technology. Innovations in bicycle chains include the development of hollow pins for lightweight designs, as well as diamond and gold coatings for improved durability and aesthetics.
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Manufacturers are focused on creating chains that mesh smoothly across multi-geared platforms while minimizing wear and tear. The market for electric bicycles (e-bikes) is expanding rapidly, with many traditional bicycle brands now offering e-bikes and several new brands specializing in them. This growth in e-bike sales has increased the demand for e-bike chains.
The bicycle chain market is highly fragmented, with numerous leading players active across various regions. Key market participants are increasingly adopting alternative distribution channels, such as online platforms, to strengthen their global market presence.
Key Takeaways from Market Study
- By material type, the alloy steel segment is projected to hold a significant share of about 43.8% due to its features such as high durability, high endurance strength, and ductility.
- Based on chain speed, 1-speed chain category is estimated to hold around 21.6% of the market value share.
- By sales channel, OEM segment is expected to grow at the highest CAGR during the forecast period, creating an incremental $ opportunity of 2,502.4 Mn by 2032.
- By 2032, East Asia is expected to hold the largest share of around 51.9% share in the global bicycle chain market.
- The U.S. bicycle chain market is likely to surpass US$ 1,007.4 Mn by the end of 2032.
- Demand for bicycle chains across China is projected to grow at 4.4% CAGR between 2022 and 2032.
“Growing demand for E-bicycle is boosting the growth of bicycle parts and components which is expected to create opportunities for bicycle chain companies. In order to grab maximum benefits, manufacturers are focusing on developing durable products while also providing new designs and customized solutions to customers as per their requirements. This will bode well for the overall bicycle chain market,” – says a Future Market Insights analyst.
Who is Winning?
Among the industry’s key players are KMC (KUEI MENG) INTERNATIONAL INC., SHIMANO INC., TIEN YUEN MACHINERY MFG. CO., LTD., RENOLD PLC., TAYA CHAIN CO., Ltd., SRAM LLC, RK SOUTH ASIA SDN. BHD, Izumi Chain Mfg Co. Ltd., Oriental Chain Mfg. Co., Ltd., ASR OVERSEAS, Zhejiang Dong Mei Chain Co., Ltd., Metro Group and others. Globally, some key players are focusing on creating a strong supply channel by expanding their supplier network in order to gain more sales from local markets.
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Key Segments Covered in Bicycle Chain Industry Analysis
By Chain Type:
- 1-Speed
- 9-Speed
- 10-Speed
- 11-Speed
- 12-Speed
- Others
By Material Type:
- Carbon Steel
- Alloy Steel
- Nickel Plated
By Bicycle Type:
- Kids
- Road
- Mountain
- Racing
- E-Bike
By Width:
- 1/8″
- 3/16″
- 3/32″
By Sales Channel:
- First Fit (OEM)
- Replacement (Aftermarket)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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