Bicycle Brake Components Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

1. Home Categories Blog Press-Release About Us FAQ Contact Us Home Driving Support & Security Bicycle Brake Components Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 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: 108 Rating: 4.9 Author: Growth Market Reports Reviews: 148 No. Of Pages: 110 Format: PDF,XLSX   Table Of Content   Request Sample Purchase Report   Report Description   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 th e force reducing the speed and hal?ng the cycle. The components of the braking system such as disc brake, rim brake, coaster brake, duck brake, and dr ag brake are o?en made from aluminum due to its proper?es 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 differen?at ed on the basis of applica?ons such as downhill vehicles and mountain bike vehicles. 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 t he introduc?on of e-bikes and the addi?on of various bicycle segments such as racing bikes, kid bikes, and fitness bikes. Moreover, growing number of bicycle brake manufacturers is expected to crate trac?on 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 effec?ve braking systems; therefore, they’ve been extensively used for many years. Disc brakes are not conn ected to the rim; therefore, they work even if the ?res are warped, thereby providing superior braking. These factors have significantly increased the d emand for these breaks in the past few years. Conversely, drum brakes are considered to be weather resistant and are commonly used in u?lity bicycle s and commuter bikes. The drum brakes mechanism work with a cable that is a?ached to the hand lever and gets triggered as the lever is pulled. The la rge drum braking system provides stronger braking than the smaller ones, as the braking power of the drum brakes depends upon its size.

2. Based on applica?ons, the global bicycle brake components market is classified as road bikes, sports bikes, hybrid bikes, mountain bikes, and others. Th e 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 deman d, which in turn, fuels the need for bicycle brakes. Road bikes are efficient and lightweight, with drop handlebars and narrow ?res to provide smooth ri ding on the roads. These bikes are not used to carry heavy loads and are unsuitable for touring or commu?ng. A major trend in the road bikes industry is the usage of disc brakes, which improves ?re clearance and rolling efficiency of low-pressure ?res. Cyclocross bikes are used for cyclocross races, whi ch span for short dura?ons but require high physical effort. These bikes are similar to road bikes; however, they are designed to provide good controllin g 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, La?n America, and Middle East & Africa. Countries such as, Taiwan, China, and Japan, are ac?vely engaged in foreign expansions, due to increasing popula?on and availability of niche resources. Moreover, co untries such as Japan and Taiwan are leading manufacturers of bicycles, which a?ract 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 La?n America and the Mid dle East & Africa. Compe??ve Landscape Key players in the market include Maxway Cycles Co., Ltd, TEKTRO TECHNOLOGY CORP, SHIMANO INC, SRAM LLC, Gustav Magenwirth GmbH & C o. KG, Fibrax Limited, Hayes Performance Systems, TRP CYCLING COMPONENTS, Promax Components, and Galfer USA. These companies are con sidered as key manufacturers of bicycle brake based on their revenue, research development (R&D) ac?vi?es, regional presence, and supply chai n management system.

3. The players are adop?ng key strategies such as acquisi?on and geographical expansion where poten?al opportunity for the bicycle brake extrac? on is added in the company’s capacity. Ac?ve involvement of major players in R&D, increasing usage of bicycle brake in refrigera?on are the key trends in the market. Key Benefits for Industry Par?cipants & Stakeholders In-depth analysis of the global bicycle brake market Historical, current and projected market size in terms of value and volume Poten?al & niche segments and regions exhibi?ng promising growth covered Industry drivers, restraints and opportuni?es covered in the study Recent industry trends and developments Compe??ve landscape & strategies of key players Neutral perspec?ve on global bicycle brake components market performance QUICK LINKS POPULAR CATEGORIES CONTACTS About Us Aerospace & Defense 1st Floor, Kalpavruksha Office No 1, GK FAQ Consumer Goods Lane Number 3, Ingawale Nagar, Pimple Press-Release Energy & Power Nilakh, Pune, Maharashtra 411027 Blog Healthcare Contact Us ICT, Semiconductor & Electronics Materials & Chemicals Copyright © 2021 Growth Market Reports