Bicycle Brake Components Market Trends, Industry & Size 2030
Bicycle Brake Components Market Trends, Industry & Size 2030
Segments - Global Bicycle Brake Components Market by Types (Rim Brake, Disc Brake, Drum Brake, Coaster Brake, Drag Brake, and Band Brake), Applications (Road Bikes, Sports Bikes, Hybrid Bikes, Mountain Bikes, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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Report Description
Bicycle Brake Components Market Outlook
The global bicycle brake components market size was valued at USD 33.6 Million in 2019 and is likely reach to USD 48.6 Million by 2027 expanding at a CAGR of 5.8 % during the forecast period, 2020-2027. Bicycle brakes are considered to be one of the prominent parts of a bicycle, as they decelerate the force reducing the speed and halting the cycle.
The components of the braking system such as disc brake, rim brake, coaster brake, duck brake, and drag brake are often made from aluminum due to its properties such as lightweight, strength, and corrosion-resistance.
Other components of a bicycle’s brakes include brake pedal, brake pads, rear brakes, and hand lever. Bicycle brake components are different for various bicycles, as they are differentiated on the basis of applications such as downhill vehicles and mountain bike vehicles.
Bicycle Brake Components Market Dynamics
The global bicycle brake components market is driven by factors such as increasing demand of bicycle in rural area. Advancements in bicycles such as the introduction of e-bikes and the addition of various bicycle segments such as racing bikes, kid bikes, and fitness bikes.
Moreover, growing number of bicycle brake manufacturers is expected to crate traction and boost market growth during the forecast period.
Bicycle Brake Components Market Segmental Outlook
In terms of types, the global bicycle brake components market is segmented into rim brake, disc brake, drum brake, coaster brake, drag brake and band brake. The disc brake segment is expected to hold a significant share of the market, and is projected to expand at high CAGR during the forecast period.
Rim brakes are said to be one of the most effective braking systems; therefore, they’ve been extensively used for many years. Disc brakes are not connected to the rim; therefore, they work even if the tires are warped, thereby providing superior braking.
These factors have significantly increased the demand for these breaks in the past few years. Conversely, drum brakes are considered to be weather resistant and are commonly used in utility bicycles and commuter bikes.
The drum brakes mechanism work with a cable that is attached to the hand lever and gets triggered as the lever is pulled. The large drum braking system provides stronger braking than the smaller ones, as the braking power of the drum brakes depends upon its size.
Based on applications, the global bicycle brake components market is classified as road bikes, sports bikes, hybrid bikes, mountain bikes, and others. The road bikes segment is expected to hold a significant share of the market.
The demand for road bikes is increasing rapidly owing to its growing demand, which in turn, fuels the need for bicycle brakes. Road bikes are efficient and lightweight, with drop handlebars and narrow tires to provide smooth riding on the roads.
These bikes are not used to carry heavy loads and are unsuitable for touring or commuting. A major trend in the road bikes industry is the usage of disc brakes, which improves tire clearance and rolling efficiency of low-pressure tires. Cyclocross bikes are used for cyclocross races, which span for short durations but require high physical effort.
These bikes are similar to road bikes; however, they are designed to provide good controlling under slow speed and decent braking in muddy terrains. Moreover, mountain bikes consist of either a disc brake, a rim brake, or a coaster brake. Disc brakes are predominantly used in this category of bicycles.
Bicycle Brake Components Market Regional Outlook
In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Countries such as, Taiwan, China, and Japan, are actively engaged in foreign expansions, due to increasing population and availability of niche resources.
Moreover, countries such as Japan and Taiwan are leading manufacturers of bicycles, which attract large number of industries from the region. North America holds the highest value share in 2019 whereas Asia Pacific is expected to expand at highest CAGR during the forecast, followed by Latin America and the Middle East & Africa.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global bicycle brake market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global bicycle brake components market performance
Segments
By Types
- Rim Brake
- Disc Brake
- Drum Brake
- Coaster Brake
- Drag Brake
- Band Brake
By Applications
- Road Bikes
- Sports Bikes
- Hybrid Bikes
- Mountain Bikes
- Others
By Regions
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Brazil
- Mexico
- Rest of Middle East & Africa
Key Players
- Maxway Cycles Co., Ltd
- TEKTRO TECHNOLOGY CORP
- SHIMANO INC
- SRAM LLC
- Gustav Magenwirth GmbH & Co. KG
- Fibrax Limited
- Hayes Performance Systems
- TRP CYCLING COMPONENTS
- Promax Components
- Galfer USA
Competitive Landscape
- Key players in the market include Maxway Cycles Co., Ltd, TEKTRO TECHNOLOGY CORP, SHIMANO INC, SRAM LLC, Gustav Magenwirth GmbH & Co. KG, Fibrax Limited, Hayes Performance Systems, TRP CYCLING COMPONENTS, Promax Components, and Galfer USA. These companies are considered as key manufacturers of bicycle brake based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition and geographical expansion where potential opportunity for the bicycle brake extraction is added in the company’s capacity.
- Active involvement of major players in R&D, increasing usage of bicycle brake in refrigeration are the key trends in the market.
Video Summary for Bicycle Brake Components Market
Frequently Asked Questions
Major Manufactures include, Maxway Cycles Co., Ltd., TEKTRO TECHNOLOGY CORP, SHIMANO INC, SRAM LLC., and others.
The base year considered for the global bicycle brake components market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
The market is expected to show significant decline between 2019 and 2020 owing to the negative impact of COVID 19 pandemic on the bicycle brake market. The shutdown of production activities, restrictions on transportation activities, and temporary decline in demand for bicycle brake are some of the prime reasons responsible for this market trend.
Major applications are in road bikes, sports bikes, hybrid bikes, and mountain bikes.
Increasing preference of people towards bicycle, growing health concerns, rising awareness about pollution, growing population, and increasing prices of fuel are some of the major factors expected to drive the market growth during forecast period. Moreover, high availability of bicycles, spare parts and increasing number of events also boost the sales of bicycles which in return increases demand for bicycle parts such as bicycle brake components.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in USD Million), Volume (‘000 units), and Company Market Share (in % for base year 2019), short term and long-term outlook for bicycle brake components market is available in final report.
According to this Growth Market Reports report, the bicycle brake components market is likely to register a CAGR of 5.8% during forecast period 2020-2027, with an anticipated valuation of USD 48.6 million by the end of the 2027.
Yes, the global bicycle brake components market sales data in the final report.
Additional company profiles can be provided on request.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Brake Components Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bicycle Brake Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Brake Components Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bicycle Brake Components Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bicycle Brake Components Market Size & Forecast, 2017-2027
4.5.1 Bicycle Brake Components Market Size and Y-o-Y Growth
4.5.2 Bicycle Brake Components Market Absolute $ Opportunity
Chapter 5 Global Bicycle Brake Components Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Bicycle Brake Components Market Size Forecast By Type
5.2.1 Rim Brake
5.2.2 Disc Brake
5.2.3 Drum Brake
5.2.4 Coaster Brake
5.2.5 Drag Brake
5.2.6 Band Brake
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Bicycle Brake Components Market Analysis and Forecast By Application/End Users
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application/End Users
6.1.2 Basis Point Share (BPS) Analysis By Application/End Users
6.1.3 Absolute $ Opportunity Assessment By Application/End Users
6.2 Bicycle Brake Components Market Size Forecast By Application/End Users
6.2.1 Road Bikes
6.2.2 Sports Bikes
6.2.3 Hybrid Bikes
6.2.4 Mountain Bikes
6.2.5 Others
6.3 Market Attractiveness Analysis By Application/End Users
Chapter 7 Global Bicycle Brake Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bicycle Brake Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bicycle Brake Components Analysis and Forecast
9.1 Introduction
9.2 North America Bicycle Brake Components Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bicycle Brake Components Market Size Forecast By Type
9.6.1 Rim Brake
9.6.2 Disc Brake
9.6.3 Drum Brake
9.6.4 Coaster Brake
9.6.5 Drag Brake
9.6.6 Band Brake
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Bicycle Brake Components Market Size Forecast By Application/End Users
9.10.1 Road Bikes
9.10.2 Sports Bikes
9.10.3 Hybrid Bikes
9.10.4 Mountain Bikes
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis By Application/End Users
9.12 Absolute $ Opportunity Assessment By Application/End Users
9.13 Market Attractiveness Analysis By Application/End Users
Chapter 10 Europe Bicycle Brake Components Analysis and Forecast
10.1 Introduction
10.2 Europe Bicycle Brake Components Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bicycle Brake Components Market Size Forecast By Type
10.6.1 Rim Brake
10.6.2 Disc Brake
10.6.3 Drum Brake
10.6.4 Coaster Brake
10.6.5 Drag Brake
10.6.6 Band Brake
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Bicycle Brake Components Market Size Forecast By Application/End Users
10.10.1 Road Bikes
10.10.2 Sports Bikes
10.10.3 Hybrid Bikes
10.10.4 Mountain Bikes
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Application/End Users
10.12 Absolute $ Opportunity Assessment By Application/End Users
10.13 Market Attractiveness Analysis By Application/End Users
Chapter 11 Asia Pacific Bicycle Brake Components Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bicycle Brake Components Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 Indonesia
11.2.7 Singapore
11.2.8 Malaysia
11.2.9 Philippines
11.2.10 Thailand
11.2.6 Vietnam
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bicycle Brake Components Market Size Forecast By Type
11.6.1 Rim Brake
11.6.2 Disc Brake
11.6.3 Drum Brake
11.6.4 Coaster Brake
11.6.5 Drag Brake
11.6.6 Band Brake
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Bicycle Brake Components Market Size Forecast By Application/End Users
11.10.1 Road Bikes
11.10.2 Sports Bikes
11.10.3 Hybrid Bikes
11.10.4 Mountain Bikes
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Application/End Users
11.12 Absolute $ Opportunity Assessment By Application/End Users
11.13 Market Attractiveness Analysis By Application/End Users
Chapter 12 Central and South America Bicycle Brake Components Analysis and Forecast
12.1 Introduction
12.2 Central and South America Bicycle Brake Components Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Central and South America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Central and South America Bicycle Brake Components Market Size Forecast By Type
12.6.1 Rim Brake
12.6.2 Disc Brake
12.6.3 Drum Brake
12.6.4 Coaster Brake
12.6.5 Drag Brake
12.6.6 Band Brake
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Central and South America Bicycle Brake Components Market Size Forecast By Application/End Users
12.10.1 Road Bikes
12.10.2 Sports Bikes
12.10.3 Hybrid Bikes
12.10.4 Mountain Bikes
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Application/End Users
12.12 Absolute $ Opportunity Assessment By Application/End Users
12.13 Market Attractiveness Analysis By Application/End Users
Chapter 13 Middle East & Africa (MEA) Bicycle Brake Components Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bicycle Brake Components Market Size Forecast by Country
13.2.1 GCC Countries
13.2.1 Turkey
13.2.2 Egypt
13.2.2 South Africa
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bicycle Brake Components Market Size Forecast By Type
13.6.1 Rim Brake
13.6.2 Disc Brake
13.6.3 Drum Brake
13.6.4 Coaster Brake
13.6.5 Drag Brake
13.6.6 Band Brake
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Bicycle Brake Components Market Size Forecast By Application/End Users
13.10.1 Road Bikes
13.10.2 Sports Bikes
13.10.3 Hybrid Bikes
13.10.4 Mountain Bikes
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Application/End Users
13.12 Absolute $ Opportunity Assessment By Application/End Users
13.13 Market Attractiveness Analysis By Application/End Users
Chapter 14 Competition Landscape
14.1 Bicycle Brake Components Market: Competitive Dashboard
14.2 Global Bicycle Brake Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Maxway Cycles Co., Ltd
14.3.2 TEKTRO TECHNOLOGY CORP
14.3.3 SHIMANO INC
14.3.4 SRAM LLC
14.3.5 Gustav Magenwirth GmbH & Co. KG
14.3.6 Fibrax Limited
14.3.7 Hayes Performance Systems
14.3.8 TRP CYCLING COMPONENTS
14.3.9 Promax Components
14.3.10 Galfer USA
Methodology
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