Bicycle Brake Components Market

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)

  • Report ID: AL-108
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 148
  • No. Of Pages: 110
  • Format:
  • Pub. Date: 2019-11-12
  • Share:

Market Outlook:

The global bicycle brake components market was valued at USD 33.6 Million in 2019 and is projected to reach 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.

Global Bicycle Brake Components Market Key Takeaways

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.

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.

Global Bicycle Brake Components Market By Type

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.

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.

Global Bicycle Brake Components Market By Region

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.

Global Bicycle Brake Components Market By Key Players

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
Chapter 1 Executive Summary
Chapter 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
Key Segments Covered
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 Market Players Profiled in the Report
  • 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

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the global bicycle brake components market sales data in the 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.

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.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

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.

Major applications are in road bikes, sports bikes, hybrid bikes, and mountain bikes.

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.

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.

Major Manufactures include, Maxway Cycles Co., Ltd., TEKTRO TECHNOLOGY CORP, SHIMANO INC, SRAM LLC., and others.