Bicycle Brake Components Market Trends, Industry & Size 2030
Global Bicycle Brake Components Market
Segments - 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
Segments - 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
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 MarketSegmental 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 MarketRegional 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
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.
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
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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.
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.
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.
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