Bicycle Gearing Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate by 2027
Research Report on “Bicycle Gearing Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate by 2027”.
The report on “Bicycle Gearing Market” is suitably segmented and sub-segmented so that it can shade light on every aspect of market such as type of product, application, and region. On the basis of recent developments and past data, the report prophesies future revenue, growth, and trend of the “Bicycle Gearing Market”. This information is represented in curves, tables, margins, pie charts. Additionally, it emphasizes on faster growing segments and emerging trends in the market.
Global bicycle gearbox market is directly correlated with the end users preference of having high-tech features incorporated in their bicycle. Though the bicycle gearbox is not a new technology, its penetration in the market varies on regional basis. Concerns regarding the climate change and public health are among several factors that drive the global bicycle and bicycle gearbox market. In the coming years, need for bicycles is likely to grow in the developed countries. For the ease of use, the original equipment manufacturers are focusing on mechanisms that could minimize the stress on rider’s legs. For this, mountain bikes, sports bikes and other bikes are equipped with gearbox that provides varied speed and require varied efforts depending upon application or the type of terrain.
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The bicycle gearbox is incorporated into the frame near the crank. The gearbox consists of spur gears that multiply the effort applied by the rider. Furthermore, prominent and eco-friendly cities are promoting bicycles commuting by creating dedicated and safer bike lanes, aiding the growth of bicycle gearbox market. In order to reduce vehicle traffic congestion and air pollution, the governmental authorities have implemented a bicycle subsidy program. Additionally, the provision of dedicated cycling infrastructure within an urban environment has been found to significantly impact individuals to choose bicycles. Furthermore, with the growing leisure activities, an anticipation of a substantial growth of bicycle gearbox market is expected.
Global Bicycle Gearbox Market: Market Dynamics
Growing focus and awareness towards green movement, the need to address health problems, environmental sustainability, and higher gas prices augur well for the future of human-powered transportation. Higher disposable incomes and growing penetration of low-priced gear assisted bicycles by marketing push are some of the key factors driving the growth of bicycle gearbox market. Increase in the popularity of bicycle rental programs also contributes to the demand for bicycle gearbox in sports bicycles.
The price range of mountain and e-bikes are relatively higher than road bikes owing to employed bicycle gearbox. In some regions ordinary road bicycles are preferred, thus slows down the pace of bicycles gearbox market I particular region.
In order to offer comfort to the rider and facilitate long journeys, manufacturers are striving to develop a combination of human strength and electromechanical support through design modification in bicycle gearbox.
Global Bicycle Gearbox Market: Market Segmentation
Global bicycle gearbox market can be segmented on the basis of product type, end use and regions
On the basis of product type, global bicycle gearbox market can be segmented as
- Multiple gear
- Fixed gear
On the basis of end use, global bicycle gearbox market can be segmented as
- Road bikes
- Sports bikes
- Hybrid bikes
- Mountain bikes
On the basis of application, global bicycle gearbox market can be segmented as
- Conventional bikes
- Electric bikes (e-bikes)
Global Bicycle Gearbox Market: Regional Outlook
Netherlands, country of cyclists holds a strong number of per capita bicycles. Western European countries such as Germany, Denmark, Finland, Norway, Switzerland, Belgium and Sweden witness the mammoth number of people dependent on bicycle rides for the commute. Healthy growth of bicycle gearbox market is expected in this region. Latin America is foreseen to witness slower growth in bicycle production. Over dependency on local consumers may affect the bicycle gear market.
Bicycle industry in India has progressively shifted track in contemporary years, switching from standard segment to the specials bicycles comprised of additional bicycle gears. This will likely boost the need for efficient bicycle gearbox. Increase in recreational activities at the tourist spots is anticipated to trigger the demand for mountain bicycles and subsequently, increases the installations of bicycle gearbox in the bicycles. China is one of the prominent manufacturers of e-bicycles and mountain bikes. Among the bulk of bicycles manufactured, a vast amount of bicycles are exported by the country.
Global Bicycle Gearbox Market: Key Participants
Example of some of the market participants in the global bicycle gearbox market discerned across the value chain include
- Pinion GmbH
- Rohloff AG
- Shimano Inc.
- SR Suntour
- Campagnolo S.r.l.
- effiGEAR SAS
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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The report provides the following information:
- Tailwinds and headwinds molding the market’s trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players’ strategies
The main aim of the report is to:
- Enable key stakeholder’s in the market bet right on it
- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution
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