The motorcycle chain sprocket global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Motorcycle Chain Sprocket Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The motorcycle chain sprocket market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to rising government regulations, increasing infrastructure, and research and development activities, availability of motorcycle chain sprockets on online platforms, and focusing on enhancing the longevity and durability of their products.
The motorcycle chain sprocket market size is expected to see strong growth in the next few years. It will grow to $3.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to focus on cost-effective and durable packaging solutions, growing consumer awareness, adopting competitive pricing strategies, increasing urbanization, and shifting consumer preferences. Major trends in the forecast period include incorporating safety features into chain sprocket, integration of IoT technology in chain sprockets, hybrid chain systems, use of AI and machine learning, and adoption of blockchain technology.
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Scope Of Motorcycle Chain Sprocket Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Motorcycle Chain Sprocket Market Overview
Market Drivers –
The increasing demand for two-wheeled motor vehicles is expected to propel the growth of the motorcycle chain sprocket market going forward. A 2-wheeled motor vehicle, also known as a motorcycle or motorbike, is a motorized vehicle designed to travel on two wheels. The increasing demand for two-wheelers is rising due to affordability, fuel efficiency, ease of navigation in urban congestion, and flexibility in urban and rural settings. A motorcycle chain sprocket helps motor vehicles by efficiently transmitting power from the engine to the rear wheel, enabling motion and controlling speed through the interaction of the chain with the sprocket’s teeth. For instance, according to the Society Of Manufacturers Of Electric Vehicles, an India-based association representing Indian manufacturers of electric vehicles (EV), in 2021-2022, the number of electric two-wheeler sales was 2,52,641, which rose to 7,28,054 in 2022-2023. Therefore, the increasing demand for two-wheeled motor vehicles drives the motorcycle chain sprocket market growth.
Market Trends –
Major companies operating in the motorcycle chain sprocket market are focusing on introducing innovative, high-performance chain sprocket kits with advanced materials and precision engineering to enhance durability and efficiency. Sprocket kits refer to sets of sprockets designed for motorcycles, which include both the front and rear sprockets, often with a matching chain, ensuring optimal compatibility and performance. For instance, in December 2023, L. G. Balakrishnan & Bros Ltd., an India-based motor vehicle parts manufacturing company, launched the Rolon electric bike chain sprocket kit. The Rolon electric bike chain sprocket kit is India’s first comprehensive set of sprockets and chains, explicitly designed for electric motorcycles, ensuring optimal performance and durability.
The motorcycle chain sprocket market covered in this report is segmented –
1) By Chain Type: Standard Rolling Chain, Ring Chain, X Ring Chain
2) By Engine Capacity: Up to 150 Cubic Capacity, 151-300 Cubic Capacity, 301-500 Cubic Capacity, Above 500 Cubic Capacity
3) By Motorcycle Type: Standard, Cruiser, Sports, Mopeds, Other Motorcycle Types
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the motorcycle chain sprocket market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle chain sprocket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the motorcycle chain sprocket market are TVS Motor Company, Tsubaki India Power Transmission Pvt. Ltd., Sunstar Group, Rockman Industries, Daido Kogyo Co Ltd., Renold International Holding Limited, Allied-Locke Industries Inc., KettenWulf Betriebs GmbH, Renthal Ltd., WM Berg Inc., Miche srl, Regina Catene Calibrate S.p.A, Dc Afam NV, Rk Japan Co. Ltd, Supersprox, Talon Engineering Limited, Vortex Racing, DIDChain, TIDC India , Zhejiang Hengjiu Machinery Group Co. Ltd., Rexnord Industries LLC, Bajrang Engineering Works, JT Sprockets, L.G.Balakrishnan & Bros Limited, Juelang Motorcycle Spare Parts Co. Ltd., Xinghua Donghua Gear Co.Ltd
Table of Contents
1. Executive Summary
2. Motorcycle Chain Sprocket Market Report Structure
3. Motorcycle Chain Sprocket Market Trends And Strategies
4. Motorcycle Chain Sprocket Market – Macro Economic Scenario
5. Motorcycle Chain Sprocket Market Size And Growth
…..
27. Motorcycle Chain Sprocket Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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