Global Bicycle Gearbox Systems Market | Post COVID-19 impact assessment
Globally, the number of commuters who prefer cycling for their daily activities has increased. This is attributed to rising fuel prices and the need to reduce air pollution from automobiles. For example, many people in Europe now prefer bicycles to work. In addition, governments and municipal agencies in the region are building bicycle-friendly streets. Likewise, China observes an increase in the number of commuters using battery-powered bikes. With the increasing adoption of bicycles, the demand for bicycle gearboxes will increase during the forecast period.
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According to Technavio, the availability of multiple gearbox configurations will positively impact the market and contribute significantly to its growth during the forecast period. This research report also analyzes other important trends and market drivers that will influence the growth of the market during the period 2021-2025.
Bicycle Gearbox Systems Market: Availability of Multiple Gearbox Configuration
A variety of gears are available for bicycles in the market. Some are single-gear and some are multi-gear. The transmission ratio is fixed in the single-speed system. In the case of a multi-speed system, a set of gears is used that allows riders to choose appropriate gear ratios depending on the terrain. This improves comfort and efficiency while driving. For example, derailleur systems are widely preferred in mountain bikes, while hub systems are preferred in bikes used for long distances. The availability of such multiple configurations increases the acceptance of bikes among a variety of riders, thus driving the growth of the market.
“An upsurge in bicycle users and the introduction of bike sharing programs will further drive market growth over the forecast period,” said a senior analyst at Technavio.
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Bicycle Gearbox System Market: Segmentation Analysis
This market research report segments the bicycle gearbox systems market by type (multiple gear and fixed gear) and by geography (Europe, North America, APAC, South America, and MEA).
the Europe region dominated the bicycle gearbox systems market in 2021, followed by North America, APAC, South America, and MEA respectively. During the forecast period, APAC is expected to register the highest incremental growth due to the increased use of bicycles, especially in rural areas of the region.
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Related reports on consumer discretionary include:
Global Bicycle Motors Market – The global bicycle motors market is segmented by type (hub motor and crank motor) and geography (APAC, Europe, North America, South America, and MEA).
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Global Bicycle Crank Motors Market – The global bicycle crank motor market is segmented by motor power (300W crank motor, 200W crank motor and 400W crank motor) and geography (APAC, Europe, AEM, North America, and South America).
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Some of the main topics covered in the report include:
- Covered suppliers
- Supplier ranking
- Positioning on the supplier market
- Competitive scenario
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