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

1. Home Categories Blog Press-Release AboutUs FAQ ContactUs HomeDriving Support&SecurityBicycleBrakeComponentsMarket–GlobalIndustryAnalysis,Size,Share,Growth,Trends,andForecast GlobalBicycleBrakeComponentsMarketbyTypes(RimBrake,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 MiddleEast & Africa) MarketOutlook: 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 halfing the cycle. The components of the braking system such as disc brake, rim brake, coaster brake, duck brake, and dr ag brake are ohen made from aluminum due to its properfies 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 differenfiat ed on the basis of applicafions such as downhill vehicles and mountain bikevehicles. MarketDynamics 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 introducfion of e-bikes and the addifion of various bicycle segments such as racing bikes, kid bikes, and fitness bikes. Moreover, growing number of bicycle brake manufacturers is expected to crate tracfion and boost market growth during the forecastperiod. SegmentalOutlook 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 effecfive 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 fires 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 ufility bicycle s and commuter bikes. The drum brakes mechanism work with a cable that is atached to the hand lever and gets triggered as the lever is pulled. The la rgedrumbrakingsystemprovidesstrongerbrakingthanthesmallerones,asthebrakingpowerofthedrumbrakesdependsupon itssize.

2. Based on applicafions, 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 fires to provide smooth ri ding on the roads. These bikes are not used to carry heavy loads and are unsuitable for touring or commufing. A major trend in the road bikes industry is the usage of disc brakes, which improves fire clearance and rolling efficiency of low-pressure fires. Cyclocross bikes are used for cyclocross races, whi ch span for short durafions 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 ofbicycles. RegionalOutlook In terms of regions, the market has been fragmented into North America, Europe, Asia Pacific, Lafin America, and Middle East & Africa. Countries such as, Taiwan, China, and Japan, are acfively engaged in foreign expansions, due to increasing populafion and availability of niche resources. Moreover, co untries such as Japan and Taiwan are leading manufacturers of bicycles, which atract 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 Lafin America and the Mid dle East & Africa. CompefifiveLandscape KeyplayersinthemarketincludeMaxwayCyclesCo.,Ltd,TEKTROTECHNOLOGYCORP,SHIMANOINC,SRAMLLC,GustavMagenwirthGmbH&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) acfivifies, regional presence, and supply chai n management system.

3. The players are adopfing key strategies such as acquisifion and geographical expansion where potenfial opportunity for the bicycle brake extracfi on is added in the company’scapacity. Acfive involvement of major players in R&D, increasing usage of bicycle brake in refrigerafion are the key trends in themarket. Key Benefits for Industry Parficipants &Stakeholders In-depth analysis of the global bicycle brakemarket Historical, current and projected market size in terms of value and volume Potenfial & niche segments and regions exhibifing promising growth covered Industry drivers, restraints and opportunifies covered in thestudy Recent industry trends and developments Compefifive landscape & strategies of keyplayers Neutral perspecfive on global bicycle brake components marketperformance QUICKLINKS POPULARCATEGORIES CONTACTS AboutUs FAQ Press-Release Blog ContactUs Aerospace &Defense Consumer Goods Energy & Power Healthcare ICT, Semiconductor& Electronics Materials &Chemicals 1st Floor, Kalpavruksha Office No 1, GK LaneNumber3,IngawaleNagar,Pimple Nilakh, Pune, Maharashtra411027 Copyright©2021GrowthMarketReports