The size of the bicycle chain market is expected to be US$ 12,802.54 million by 2034 from US$ 7,763.89 million in 2024. This industry has a steady CAGR of 5.13% through to 2034. People’s increased focus on health and fitness has made them appreciate cycling as an exercise.

Riding a bicycle has been a popular form of exercise for decades. However, in recent years, factors such as growing environmental concerns, increasing incidence of lifestyle diseases, and rising health awareness have thrown new life into the bicycle industry.

Read more: https://www.futuremarketinsights.com/reports/bicycle-chain-market 

People are increasingly opting for bicycles to stay fit, minimize pollution levels, and reduce transportation costs. This high adoption rate of bicycles across the world is expected to remain a key factor augmenting sales of bicycle chains during the forecast period.

An upcoming trend is to enable the fastest cycling times with more power to drive and maximized speed for athletes. Digitally integrated intelligence is being implemented in the mechanism to achieve smart bicycle technology. Chains are manufactured to be robust, durable and have a long life. The new development of hollow pins enables lightweight chains. The use of diamond coatings and gold coatings on chains is also an upcoming trend.

Companies want to make chains that can mesh softly across a multi-geared platform while also resisting weariness within acceptable limits. Almost every traditional bicycle brand now sells an electric bike, and several new brands specialize in e-bikes. Their sales have been continuously increasing, whereas traditional bicycle sales have considerably decreased. The electric bicycle market is presently the most profitable segment of the bicycle industry. As a result of the increase in E-Bike sales, there is a demand for E-Bike chains.

Bicycle Chain market is highly fragmented owing to the high presence of leading players across the region. Key players in the market are focusing on adopting alternative distribution channels, such as online, to further strengthen their market presence in the global market.