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

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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 Paci?c and Middle
East Africa)
Report ID 108 Rating 4.9 Author Growth Market Reports
Reviews 148 No. Of Pages 110 Format PDF,XLSX
Report Description Table Of Content Request Sample Purchase Report
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 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
bicycles brakes include brake pedal, brake
pads, rear brakes, and hand lever. Bicycle brake
components are di?erent for various bicycles, as
they are di?erenfiat ed on the basis of
applicafions 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
introducfion of e-bikes and the addifion of
various bicycle segments such as racing bikes,
kid bikes, and ?tness bikes. Moreover, growing
number of bicycle brake manufacturers is
expected to crate tracfion 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 signi?cant 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 e?ecfive braking
systems therefore, theyve 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 signi?cantly
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 rge
drum braking system provides stronger braking
than the smaller ones, as the braking power of
the drum brakes depends upon its size.
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Based on applicafions, the global bicycle brake
components market is classi?ed as road bikes,
sports bikes, hybrid bikes, mountain bikes, and
others. Th e road bikes segment is expected to
hold a signi?cant 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 e?cient 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 e?ciency of low-pressure fires.
Cyclocross bikes are used for cyclocross races,
whi ch span for short durafions but require high
physical e?ort. 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
Paci?c, 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 Paci?c is expected to
expand at highest CAGR during the forecast,
followed by Lafin America and the Mid dle East
Africa.
Compefifive 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 (RD) acfivifies, regional presence,
and supply chai n management system.
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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 companys
capacity. Acfive involvement of major players in
RD, increasing usage of bicycle brake in
refrigerafion are the key trends in the market.
Key Bene?ts for Industry Parficipants
Stakeholders In-depth analysis of the global
bicycle brake market 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
the study Recent industry trends and developments
Compefifive landscape strategies of key
players Neutral perspecfive on global bicycle
brake components market performance
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