The global Bicycle Brake Components market size was valued at USD XX Billion in 2018 and is anticipated to expand at a CAGR of XX % from forecast period of 2019 to 2026. Bicycle brake systems contains three main components: a mechanism for the rider to use the brakes, like brake levers or pedals; a mechanism for transmitting that signal, like Bowden cables, hydraulic hoses, rods, or the bicycle chain; and therefore the brake mechanism itself, a caliper or drum, to press two or more surfaces together so as to convert, via friction, the kinetic energy of the bike and rider into thermal energy to be dissipated. Source: Secondary Databases, Primary Interviews and 99 Reports Research AnalysisGlobal Bicycle Brake Components Industry Dynamics -Rapidly developing bicycle infrastructure, revised law, and enforcement practices to raised protect people cycling, and therefore the need to suppress rising traffic jam are expected to enhance the bicycle industry, thereby augmenting the expansion of its sub-components like bicycle brake components. Since the invention of e-bikes, aggressive promotion, and marketing activities have made the market ready for the electrical future. Demand for e-bikes is increasing at the onset of rising pollution levels, increased fuel prices, and therefore the need for safer transport. Developed regions like Europe, especially Netherlands, have seen a relatively higher rate of growth in e-bikes as compared to other countries, attributable to strict government regulations in place. Also, governments in countries of Europe, Asia, North America, and Australia are offering subsidies for using e-bikes. Catering to the present demand, OEM bicycle brake component manufacturers have already started investing within the development of brake technologies.
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Additionally, they are actively engaged within the design and development of braking systems that specifically cater to the e-bike sector, in turn, driving the worldwide bicycle brake components market.
Global Bicycle Brake Components Market - Key Segment -
Global Bicycle Brake Components Market By Type –
• Spoon Brake
• Duck Brake
• Rim Brake
• Disc Brake
• Drum Brake
• Coaster Brake
• Drag Brake
• Band Brake
Global Bicycle Brake Components Market By Application -
• Road Bikes
• Sports Bikes
• Hybrid Bikes
• Mountain Bikes
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Global Bicycle Brake Components Market - Geographical Analysis By geography, the global Cosmetic pigment Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).OEMs of bicycle brake components, having manufacturing and factory outlets within the European region, are aggressively establishing sales offices in East Asia. Countries like, China, Japan, and Taiwan have seen a large number of foreign expansions within the past few years. This trend is owing to increasing population and availability of niche resources. Countries like Taiwan and Japan are at the forefront of bicycle manufacturing
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Hence, they attract an outsized number of allied industries from their domestic regions. Thus, manufacturers choose to operate such facilities out of Europe, and particularly in this growing market, which leads to East Asia having the most important bicycle brake components market share.Global Bicycle Brake Components Market -
Competitive Analysis
Some of the key leaders companies in the market include –
• Campagnolo S.r.l
• Clarks Cycle Systems Ltd
• Industrias Galfer S.A
• Shimano Inc
• SRAM LLC
• Tektro Technology Corporation
• Hope Technology (IPCO) Ltd
• and Rex Articoli Tecnici SA
• amongst others.
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