According to the UnivDatos, growing demand for recreational activities will drive the growth scenario of Bicycle Chain and as per their “Bicycle Chain Market” report, the global market was valued at USD 6980 million in 2023, growing at a CAGR of 4.44% during the forecast period from 2024 - 2032 to reach USD million by 2032.  

Global Bicycle chain market has witnessed a stable growth in the historical years. Bicycle chains are one of the crucial components which help in forward movement and help increase or decrease the force through gears and ease of handling. With the stable demand for bicycles for recreational and leisure activities, customers’ inclination towards sustainable mobility, health consciousness, etc., the demand for bicycles have exhibited a notable growth. Additionally, the rapid surge in the demand for bicycles after the COVID-19 pandemic is another factor that has increased the demand for bicycle chains.

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Rising Demand of Bicycle Chains for Recreational Activities:

Growing Popularity of Cycling for Fitness and Recreation is one of the key factors that has supported the demand for bicycle chain products. A large number of customers are moving towards cycling for fitness activities as there is rising prevalence of lifestyle-based diseases. These type of diseases majorly consist of hypertension, blood pressure, higher LDL levels which can easily be maintained with some heightened physical activities due to which customers are being moved towards cycling as one of the alternatives.

Additionally, cycling has also being emerged as one of the leisure activities for the people across the globe due to which the demand for cycling has extensively emerged and furthermore supported the demand for the bicycle chains of different types under both OEM and aftermarket category.

The segment has also witnessed a rapid jump after the COVID-19 pandemic as people started indulging in recreational activities of which one of the prominent sections is cycling. However, the sales of bicycle has taken a slump in the year 2022 and 2023, due to which the demand for OEM category has been on the lower side.

The demand for derailleur chains has increased as customers are more focusing on gear bases bicycles which offers better management of power and torque and ease of handling of bicycles in a long journey and different terrains.

Considering the factors the demand for bicycle chains would grow in the coming years i.e., 2024-2032.

Increased E-Bike Adoption:

E-Bike adoption across the globe has significantly increased as customers are focusing on enhanced range and speed in the bikes. In line with this many of the companies have started offering electric bicycles in their lineup to cater to a wider category of customers. These electric bicycles are majorly equipped with lithium-ion batteries for quick charge and enhanced range, e-brakes with power-cutoff and high-power motors for quick acceleration.

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Companies such as Emotrad, Ninety One, Hero Lectro e-cycles are some of the key names that have been offering a wide range of electric bicycles in Asia-Pacific region, i.e., one of the fast-growing regions for bicycles. Additionally, the electric bicycles have also become one of the solutions to bridging the gaps between manual cycles and other mobility solutions with their enhanced speed.

Considering the factors the electric bicycles are anticipated to emerge as one of the key trends in the global bicycle chain market for which bicycle chain market would also experience a fast growth.

Considering the upsurge in the demand for the E-Bikes for alleviating the operational efficiency the demand for Bicycle Chain across the globe would noticeably surge during 2024-2032.

Conclusion:

The Global Bicycle Chain market is experiencing a transformative phase driven by technological advancements, sustainable inflatable boat production and operations, digitalization, market dynamics, and implementation of government policies. Stakeholders across the industry are embracing these trends to enhance operational efficiency, etc.

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