Use of electronic gear shifting in bicycles to drive market growth as a leading trend – Technavio

NEW YORK, January 23, 2023 /PRNewswire/ — According to Technavio, global bicycle gearbox systems market the size is expected to grow by 2497.27 million US dollars from 2022 to 2027. The market is expected to grow at a CAGR of 9.3%. Moreover, the rate of growth will accelerate. APAC will account for 32% of the global market growth during the forecast period. The using electronic shifting of gears in bicycles is a key trend in the market. Electronic gear shifting allows cyclists to quickly shift gears using electronic shifters. It is a reliable system and is effective on all terrains. The system is accurate and has a battery backup for thousands of miles on a single charge. Such technological innovations will make bicycles more efficient, which in turn will support the growth of the market during the forecast period. For more information on the Bicycle Gearbox market, request a sample report

Technavio has announced its latest market research report titled Global Bicycle Gearbox System Market 2023-2027

Global Bicycle Gearbox Systems Market – Five Forces
The Global Bicycle Gearbox Systems Market is fragmentedand five forces analysis covers –

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

For an interpretation of Porter’s five forces model – buy the report!

Global Bicycle Gearbox Systems Market – Customer Landscape

The report covers the lifecycle of market adoption, from the innovator stage to the laggard stage. It focuses on adoption levels in different regions based on penetration. Additionally, the report also includes key purchasing criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Bicycle Gearbox Systems Market – Segmentation Assessment

Segment view
Technavio segments the market based on type (multi gear and fixed gear) and application (road and track bikes, off-road bikes and others).

  • The multiple facilities segment will grow at a significant rate during the forecast period. Multiple gears are commonly used on sports bikes and mountain bikes. They offer different speed ranges and are useful in hilly terrains, rocky areas and difficult road conditions. Several suppliers in the market are developing gearboxes with multiple gears. Therefore, increasing availability of bicycle gearboxes with advanced features can accelerate the growth of the segment during the forecast period.

Geographical overview
On the basis of geography, the global bicycle gearbox systems market has been segmented into Europe, North AmericaAPAC, South Americaand Middle East and Africa. The report provides practical insights and assesses the contribution of all regions to the growth of the global Bicycle Gearbox Systems market.

  • APAC is estimated to account for 32% of the global market growth during the forecast period. Europe is another region offering significant growth opportunities for suppliers. Many European countries are focusing on making their cities car-free, which is boosting the bicycle market in the region. Cities like Paris, Copenhagenand Hamburg have developed an infrastructure of bicycle-only lanes. The introduction of the bike sharing program is another big step taken by European countries. These factors will drive the growth of the regional market during the forecast period.

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Global Bicycle Gearbox Systems MarketMarket dynamics
A key factor driving market growth

  • The air pollution should be reduced drive market share growth.

  • Bicycles help reduce greenhouse gas emissions because they do not use fuel.

  • The governments of several countries, especially in Europe, are building bike-friendly streets that encourage commuters to use bikes. in Chinamany commuters use battery-powered bicycles.

  • The increase in fuel prices has also encouraged the use of bicycles for daily commuting.

  • Bicycle gearboxes are equipped with one or more gears, which helps riders manage speed.

  • Hence, the rise in bicycle adoption will drive the market growth over the forecast period.

Major challenges hindering the growth of the market

  • The increase in price of bicycles with additional gears will drive the growth of the market during the forecast period.

  • A fixed gear bicycle design is cheaper compared to bicycles equipped with multiple gears.

  • Also, bikes with multiple gears are expensive and add to the overall weight of the bike.

  • In recent years, gearbox manufacturers have equipped their products with advanced technologies to improve speed and reduce uphill effort.

  • The introduction of such systems will further increase the cost of multi-gear bikes, which in turn will further restrict the growth of the market.

Drivers, trends and challenges impact market dynamics that can impact business. Find more information in a sample report!

What are the key data covered in this Bicycle Gearbox System market report?

  • Market CAGR during the forecast period

  • Detailed information about the factors that will drive the growth of the Bicycle Gearbox Systems market between 2023 and 2027.

  • An accurate estimation of the Bicycle Gearbox Systems market size and its contribution to the parent market

  • Accurate predictions of upcoming trends and changes in consumer behavior

  • Bicycle Gearbox Systems Market Growth Europe, North AmericaAPAC, South Americaand Middle East and Africa

  • In-depth analysis of the competitive landscape of the market and detailed information on suppliers

  • Comprehensive Analysis of Factors That Will Drive Vendor Growth in the Bicycle Gearbox Systems Market

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The bicycle market expected to grow at a CAGR of 6.32% between 2022 and 2027. The market size is projected to increase by 22,693.71 million US dollars. This report in detail covers the market segmentation by product (road and track bikes, off-road bikes and x-road and hybrid bikes), end-user (adults and children), distribution channel (offline and online), drivetrain (manual bikes and e-bikes motor) and geography (APAC, Europe, North America, South Americaand Middle East and Africa).

Market Scope of Bicycle Gearbox System

Report coverage

Details

Page number

152

Base year

2022

Historical period

2017-2021

Estimated period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 9.3%

Market Growth 2023-2027

2497.27 million US dollars

Market structure

Torn apart

Year-on-year growth 2022-2023 (%)

8.9

Regional analysis

Europe, North America, APAC, South America and the Middle East and Africa

Effective market contribution

APAC at 32%

Key countries

USA, China, Japan, India and Germany

The competitive environment

Leading suppliers, market positioning of suppliers, competitive strategies and industry risks

Key companies profiled

AD II Engineering Inc., Campagnolo Srl, Efneo, Fallbrook Technologies Inc., FSA Srl, Kervelo SAS, Kindernay, MAVIC Group, New Effigear, Pinion GmbH, Rohloff AG, Rotor Components Technologicos SL, Royal Dutch Gazelle NV, SHIMANO INC., SR Suntour Inc., SRAM LLC, Sun Race Sturmey Archer Inc., TienYuen Machinery Mfg. Co., Ltd. and Tsubakimoto Chain Co.

Market dynamics

Major market analysis, drivers and barriers to market growth, fast and slow growing segment analysis, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and analysis of market status for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

View Technavio’s consumer discretionary market reports

Content

1 Summary

2 Market landscape

3 Sizing the market

4 Historical market size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer landscape

9 Geographical landscape

10 Drivers, challenges and trends

11 Supplier landscape

12 Supplier Analysis

13 Appendix

About us
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Bicycle Gearbox Systems Market 2023-2027

Global Bicycle Gearbox Systems Market 2023-2027

Sission

Sission

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