PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193423
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193423
Motorcycle Chain Sprocket Market size was valued at USD 2,290.8 Million in 2022, expanding at a CAGR of 6.1% from 2023 to 2030.
A profiled wheel with teeth that mesh with a chain, track, or other indented material is called a sprocket or sprocket-wheel. Typically, any wheel with radial projections fastening a chain that passes over it is referred described as a "sprocket." It differs from a gear in that sprockets are never physically meshing together and from a pulley in that sprockets have teeth while pulleys, except timing pulleys used with toothed belts, are smooth. Typically, sprockets lack a flange.
Market Dynamics
Motorcycle sales are increasing, primarily because they are more fuel efficient than four-wheel vehicles and because gas prices are rising. The price of natural gas has doubled since 2012 in the current scenario. This attribute is anticipated to have a favorable impact on the market expansion for motorcycle chain sprockets. Due to the lower fuel efficiency of four-wheelers and the rising cost of natural gas and gasoline, consumers are also being compelled to choose two-wheelers over four-wheelers. This is driving up demand for motorcycles and accelerating the growth of the motorcycle chain sprocket market. Further boosting the demand for bikes will be the growing traffic congestion in metro and metropolitan regions, which will also increase motorcycle manufacturing and have a direct impact on the expansion of the motorcycle chain sprocket market. Ten years ago, there was just one motorbike for every ten automobiles on the road; more recently, this ratio has increased to about three motorcycles for every ten cars. Therefore, during the projected period, rising motorcycle sales will have a direct impact on the worldwide motorcycle chain sprocket market.
Segmental Analysis:
Based on engine capacity, the global motorcycle chain sprocket market is segmented into up to 150 CC, 151-300 CC, 301-500 CC and above 500 CC. Up to 150 CC segment is expected to dominate the market during the forecast period. With an increase in disposable money, there is a corresponding rise in the use of affordable vehicles. Due to the expansion of the middle class in many nations, there has been a surge in demand for motorbikes with engines up to 150 CC.
Based on the sales channel, the market is bifurcated into OEM and aftermarket. The market share that belongs to original equipment manufacturers is the greatest. But regular upkeep is necessary, including servicing and lubrication. However, uneven road surfaces reduce a motorbike chain sprocket's overall lifespan and necessitate routine maintenance, which drives the aftermarket segment's fastest growth.
Regional Analysis:
The Asia Pacific is expected to dominate the market during the forecast period. The growth in the region is attributable to the increasing urbanization coupled with growing traffic congestion that increases demand for motorcycles, which in turn, drives the growth of the market over the forecast period. For instance, according to the United Nations Human Settlements Program, around 54% of the global urban population, more than 2.2 billion people, live in Asia. By 2050, the urban population in Asia is expected to grow by 50% - an additional 1.2 billion people. Moreover, one of the main factors driving the market's growth over the forecast period is the increase in the number of middle-class people and rising per capita income, which are encouraging people, particularly the younger generation, to purchase bikes.
Key features of the study:
This proposed research study on the Motorcycle Chain Sprocket market provides market size (US$ Million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the Motorcycle Chain Sprocket market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Motorcycle Chain Sprocket market
The impact of COVID-19 on the Motorcycle Chain Sprocket market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Motorcycle Chain Sprocket market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Motorcycle Chain Sprocket market, we have also included a competitive landscape and key innovator analysis for the Motorcycle Chain Sprocket market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Motorcycle Chain Sprocket market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Motorcycle Chain Sprocket market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET KEY PLAYERS
Rockman
Tsubakimoto Chain Co
L.G.Balakrishnan & Bros Ltd
Regina Catene Calibrate Spa
Jomthai Asahi Co.,Ltd
JT Sprockets
Hengjiu Group
TIDC India
IZUMI CHAIN MFG.CO.,LTD
RK JAPAN
Renthal
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET, BY CHAIN TYPE
Standard Rolling Chain
Ring Chain
X Ring Chain
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET, BY ENGINE CAPACITY
Up to 150 CC
151-300 CC
301-500 CC
Above 500 CC
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET, BY MOTORCYCLE
Standard
Cruiser
Sports
Mopeds
Others
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET, BY SALES CHANNEL
OEM
Aftermarket
GLOBAL MOTORCYCLE CHAIN SPROCKET MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA