Bicycle Chain Global Market Report 2025

The bicycle chain market size has grown strongly in recent years. It will grow from $7.43 billion in 2024 to $7.85 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to an increase in urbanization and the need for efficient transportation, rising awareness of health and fitness benefits, government initiatives promoting cycling, the development of cycling infrastructure, growth in bicycle-sharing programs, and high fuel prices driving demand for cost-effective transportation.

The bicycle chain market size is expected to see strong growth in the next few years. It will grow to $9.84 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to continued urbanization and congestion in cities, advances in electric bicycles (e-bikes), increasing investments in cycling infrastructure, growing environmental consciousness and sustainability efforts, and innovations in lightweight and durable materials. Major trends in the forecast period include increasing adoption of electric bicycles (e-bikes), growth in demand for connected and smart bicycles, a rise in cycling tourism and events, expanding bike-sharing and micro-mobility options, and technological advancements in lightweight and durable materials.

The forecast of 5.8% growth over the next five years reflects a modest reduction of 0.7% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on high-tensile steel links and roller chain components imported from India and China, increasing drivetrain costs and reducing competitiveness for local bike assemblers.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing number of cycling enthusiasts is expected to drive growth in the drug-eluting stent market. Cycling enthusiasts are individuals passionate about cycling as a recreational activity or sport. Cycling provides excellent cardiovascular exercise, improves heart health, builds muscle strength, and enhances endurance. Moreover, bicycles are more cost-effective to buy and maintain compared to cars. The bicycle chain facilitates energy transfer from pedaling to propel the bicycle forward by engaging with chainrings and rear cassette or freewheel mechanisms. In June 2023, the Outdoor Industry Association reported a 6.5% increase in outdoor cycling participation to 54.7 million enthusiasts from 2021 to 2022, with BMX bicycling showing an 8.5% annual growth rate. Consequently, the expanding cycling enthusiast base is poised to boost the bicycle chain market.

Leading companies in the bicycle chain market specialize in customizing and personalizing components, enhancing performance, and broadening market reach. A chain sprocket kit includes components such as chainrings, cogs, or a complete cassette tailored for electric bicycles/bicycles. In December 2023, L. G. Balakrishnan & Bros. Ltd., an Indian automotive component manufacturer, introduced the industry's first electric bike chain sprocket kit exclusively for Tork Motors, a significant advancement in electric mobility solutions. They also launched specialized chain sprocket kits for the Ultraviolette F77, addressing the specific requirements of high-performance electric motorcycles. Additionally, the company expanded its product range with new poly PU rubber dampers, enriching its automotive components portfolio.

In March 2024, MPE Partners, a U.S.-based private equity firm, acquired Webster Industries Inc. for an undisclosed amount. This acquisition aims to capitalize on Webster’s strong market position and manufacturing expertise in engineered class chains and sprockets to drive growth through strategic investments in team expansion, product innovation, and potential complementary acquisitions. Webster Industries Inc. is a U.S.-based machinery manufacturing company specializing in engineered class chains and sprockets, primarily for bicycles.

A bicycle chain serves as a vital component in the drivetrain system of bicycles. Comprising interconnected metal segments, it facilitates the transfer of power generated from pedaling, thereby propelling the bicycle forward. Its primary function is to transmit the pedaling force exerted on the chainring (connected to the pedals) to the rear sprockets, which are part of the rear wheel hub.

Bicycle chains are available in various types such as 16-speed, 8-speed, and 10-speed, each tailored to different gear systems. These chains are designed to withstand the typical torque and stress levels associated with their respective setups, ensuring seamless gear shifting and durability. They are manufactured using materials such as carbon steel, alloy steel, and nickel-plated variants, catering to diverse bicycle types including road bikes, mountain bikes, hybrids, commuter bikes, electric bikes, and e-cargo bikes. Sales channels typically encompass first-fit installations and replacement markets.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.

The bicycle chain market research report is one of a series of new reports that provides bicycle chain market statistics, including bicycle chain industry global market size, regional shares, competitors with an bicycle chain market share, detailed bicycle chain market segments, market trends and opportunities, and any further data you may need to thrive in the bicycle chain industry. This bicycle chain market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the bicycle chain market are Shimano Inc, Tsubakimoto Chain Co., SRAM LLC, Renold PLC, KettenWulf Betriebs GmbH, Campagnolo Srl, Sedis, Wippermann GmbH, SunRace Sturmey-Archer Inc, Taya Chain Co. Ltd., Full Speed Ahead (FSA), Sugino Machine Limited, BBB Cycling, Miche S.p.A., Regina Chain, CeramicSpeed Sport A/S, KMC Chain Industrial Co Ltd., Izumi Chain Mfg Co Ltd, Kettenfabrik Unna AG, Atlas Engineering Works (Atlas Chains), Token Products USA, HKK Chain, OMO Bikes, VisionTech.

North America was the largest region in the bicycle chain market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle chain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the bicycle chain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bicycle chain market consists of sales of track chains, gear hubs, chainring, crankset, shifters and derailleur chains. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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