Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Bicycle Chain Market Forecast Revised in a New FMI Report as COVID-19 Projected to Hold a Massive Impact on Sales in 2021

Published by mark itwired

Posted on August 26, 2021

Featured image for article about Research Reports

Future Market Insights (FMI), in its recent research report on the bicycle chain market, opines that the market will grow at a steady CAGR of 4.6% over the assessment period of 2020-2030. According to the study, demand for bicycle chains will be influenced by long-term, as well as immediate prevailing trends, including the COVID-19.

However, the bicycle chain manufacturers are witnessing a slump in demand amid the COVID-19 crisis which has impacted the overall market. While manufacturers are seeing a downturn in demand & investments in the sector, currently, amid the COVID-19 led disruption, recovery is projected over 2021-2022.

“The market prospect for new bicycle sales stays positive, as conventional bicycle component manufacturers commence calibrating their businesses to keep pace with dynamic environment,” says the FMI analyst.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10535

Bicycle Chain Market- Key Takeaways

Based on the material, alloy steel-based bicycle chains will grow remarkably as they offer durability and prevents corrosion.
By chain type, although demand for derailleurs is anticipated to heighten in the near future, the demand for one-speed chains will consistently rise amid 2020-2030.
In terms of width, the 3/32″ will retain its dominance throughout the forecast period.
By bicycle, the need for bikes utilized on the roads is considerably high.
Based on the sales channel, OEM’s will be a lucrative segment as it offers an extensive array of bikes.

Bicycle Chain Market – Key Drivers

Growing presence towards shifting to environment-friendly transport methods such as cycling to be the primary driver of the bicycle market.
The rising sports segment is seeking enhanced technologies in shifting gears and chain tensioner mechanism will bode well with the bicycle chain market.
Government initiatives to encourage users for healthier and more sustainable living through modes of transport and infrastructure boosts the market growth.

Regional Analysis

Asia Pacific continues to be the most lucrative market due to the high production & consumption of bicycles that tower over other regions.
Europe is projected to exhibit growth prospects, wherein Italy, Germany, and the Netherlands will prove extremely lucrative for growth.
North America will augur well for the makers with the US reflecting huge prospects for market growth amid 2020-2030.

Bicycle Chain Market – Competitive Landscape

The global bicycle chain market is highly competitive, characterized by the existence of small & medium size players. Manufacturers operating in the market will focus on innovation to strengthen their foothold and boosting their distribution network.

Some of the prominent bicycle manufacturers have begun providing customization to satiate to dynamic customer preference. For instance, they could get the bicycles equipped with a favored model of gear with advanced settings according to consumers’ liking.

Key manufacturers identified in the global bicycle chain market are Renold PLC., SRAM LLC., Taya Chain Co., Ltd., Shimano Inc., KMC Group, Zhejiang Dong Mei Chain Co., Ltd., Tien Yuen Machinery Mfg. Co. Ltd., Metro Group, RK South East Asia SDN. BHD, Izumi Chain Mfg. Co. Ltd., ASR Overseas and Oriental Chain Mfg. Co. Ltd.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-10535

Bicycle Chain Market – Segmentation

Material

Carbon Steel
Alloy Steel
Nickel Plated

Chain

One Speed
Derailleur

Bicycle

Kids
Road
Mountain
Racing

Width

1/8″
3/16″
3/32”

Sales Channel

First Fit
Replacement

Region:

North America
Latin America
Europe
South Asia
East Asia
Middle East & Africa
Oceania

Get full Report Now@ https://www.futuremarketinsights.com/checkout/10535

Get Valuable Insights into the Bicycle Chain Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global bicycle chain market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the bicycle chain market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

Explore Wide-ranging Coverage of Various Reports

Aircraft
Cabin Interior Market FMI’s analysis gives an
insight into key market trends, strategies, regional players and various
segments on the basis of form, type, application and region.

Advanced
Driver Assistance Systems Market Find
insights into global market scenario and segmentation on the basis of
ingredients, application, source and region.

Automotive Lighting
Market FMI’s report highlights parent market
trends and strategies in the market with segments and dynamics through the
forecast period (2019-2029).