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Bicycle Chain Device Market Size - By Product, By Sales Channel, By Application Analysis Share, Growth Forecast, 2025 - 2034

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Bicycle Chain Device Market Size

The global bicycle chain device market was valued at USD 8.8 billion in 2024 and is projected to grow at a CAGR of 3.4% between 2025 and 2034. According to GMI, the Electric Bike Kit Market was worth more than USD 1.2 billion in 2023 and is poised to have more than 9% CAGR between 2024 and 2032.
 

Because of urbanization and traffic issues, reasonable transportation is needed, and cycle devices market is changing along with the rapid rise in demand for electric bicycles. Consequently, nations across the globe are investing in infrastructure and offering subsidies to further promote the adoption of e-bikes. With the development of the target chains requirements the e-bike segment is also rapidly growing expanding the industry.
 

Another notable contributor to the bicycle chain device market growth is the growing influence of e-bikes. Governments across the globe are making efforts to enhance e-bike adoption by providing subsidies and improving the necessary infrastructure. There is increasing demand for high endurance and chain devices that can manage torque on account of e-bikes. As a result, the demand for innovative chain devices is also on the rise. The e-bikes are distinctive products expanding the range of traditional bikes.
 

Cycling as a form of fitness and recreation is becoming very popular which is another factor fuelling the growth. As more people become health conscious, an increasing number of individuals are opting for cycling to invigorate their bodies and alleviate stress.
 

This pattern increases the supply and demand for advanced chain devices since there is a need for bicycles across the board including mountain, hybrid and even road bikes. Also, urban cyclists are now using cycles as an efficient means of transportation which is helping expand the market even further.
 

Bicycle Chain Device Market Trends

The burgeoning popularity of e-bikes in the modern era has attracted the attention of the industry players towards e-bike chain devices. Such devices are essential for e-bikes since they employ high-torque and power electric engines. Furthermore, the global need for environment-friendly transportation options, coupled with winter investments and subsidies, has led to an exponential rise in the number of e-bike users today. As the requirement for strong and effective chain devices rises with the growing urban and recreational use of e-bikes, this untapped market renders immense opportunities to manufacturers.
 

KMC Chain USA has, for instance, began selling e-bike chainrings and sprockets designed for Shimano and Bosch’s second-generation mid-drive e-bike motors in the North American market in January 2023. Appeased by Bosch’s certification, the components aim to enhance battery longevity by recovering the efficiency of the drivetrain and replacing old parts. KMC Chain USA has announced it will increase its product offerings in the future. They are designed to be compatible with wide and narrow setups, expanding the range of parts available to e-bike riders.
 

The intensive conditions that components are exposed to during use are a major hammer in the bicycle chain device market. Chain devices are subjected to considerable damage, particularly in the case of e-bikes or off-road bicycles. A greater number of replacements may discourage potential clientele on a budget, which would ultimately affect the adoption rate. In addition, fitting the market needs that keep changing through new technologies of the chain drives becomes an additional barrier for the manufacturers. The enhancement of these aspects will ensure that the industry grows without any sort of limitation.
 

Bicycle Chain Device Market Analysis

Bicycle Chain Device Market, By Application, 2022 - 2034 (USD Billion)

Based on the application, the market is segmented into road bicycles, mountain bicycles and electric bicycles. In 2024, the road segment accounted for over 55% of the market share and is expected to exceed USD 5 billion by 2034. The bicycle chain device market is most influenced by the high popularity of road cycling as a fitness, recreational, and competitive activity which explains the dominance of the road segment. For efficient power transfer and smooth shifting, high-performance chain devices are needed in road bikes, thus increasing sales of better parts.
 

More so, owing to a strong cycling culture around the globe and particularly in Europe and North America, the segment makes gains. Also, in the market for chain devices for road bikes, use of lightweight materials and precision engineering is common. This balance of performance and technology ensures the road segment remains the largest in the industry.
 

Bicycle Chain Device Market Share, By Sales Channel, 2024

Based on the sales channel, the bicycle chain device market is divided into OEM and aftermarket. The OEM segment held above 75% of the market share in 2024. The OEM segment leads the market of bicycle chain devices since the suppliers provide parts that are pre-installed on the new bikes, ensuring their quality and compatibility. The growth in the global output of bicycles and the expanding e-bike market are the drivers of OEM demand.
 

The aftermarket segment, however, is increasing its share of the total sales since consumers are more likely to change or upgrade the parts of the chain devices for better performance or greater durability. The newfound culture of Do-it Yourself maintenance and accessibility of chain devices online provide additional support to the aftermarket sales. This shift signifies equilibrium between the sales of new bikes and the replacement or customizing sales.
 

China Bicycle Chain Device Market Size, 2022- 2034 (USD Billion)

In 2024, the China bicycle chain device market accounted for 50% revenue share in Asia Pacific and is expected to exceed USD 2.5 billion by 2034. China leads the production of bicycle chain devices. The nation also enjoys low production costs as well as the presence of a vast supply network. In addition, the strong domestic demand for bicycles as a viable mode of transportation, and as a recreational and fitness item strengthens its position.
 

Together with that, China’s dominance in e-bike devices also extend its reach into the chain device market. There is strong evidence of government support for cycling infrastructure and other green mobility related initiatives which strengthens its dominance further.
 

Together with a strong cycling culture and the increased interest in traditional and e-bikes, Europe is also a notable region in the bicycle chain device market. The Netherlands, Germany and France are some of the top markets whereby cycling is considered to be a leisure and low carbon activity.
 

New technological breakthroughs in the use of high-performance components and the rising popularity of road and mountain bikes also assist growth in the bicycle chain device market. The market is also driven by an increasing adoption of e-bikes that have strong government support in terms of incentives. Europe is the leading region in terms of competitive cycling thus creating the need for precision based specialized chain devices.
 

North America is regarded as a dominant player in regard to bicycle chain device usage, with traditional bicycles and e-bikes being most in demand in the U.S. and Canada. Cycling has become a great source of leisure and an eco-friendly means of transport, especially in metropolitan areas. E-bikes growing popularity due to environmental consciousness and government support has pushed the market even further.
 

Increased awareness of health and fitness, along with cycling related competitions has fueled the requirements for efficient chain devices. Moreover, the aftermarket segment is growing rapidly since customers are looking to replace or upgrade their bike parts with new ones.
 

Bicycle Chain Device Market Share

Shimano Inc., SRAM Corporation, Campagnolo S.r.l. and KMC Chains collectively held a substantial market share of over 19% in the bicycle chain device industry in 2024. The companies mentioned have a large share of the bicycle chain device market due to their years of expertise, robust brand, and international existence. They pour resources into R&D to remain competitive and manufacture high-quality dependable components for multiple cycling sports.
 

Their product range for road, mountain, and e-bikes shows how brands cater for the needs of their customers. Their control of the bicycle production industry through OEM supply and Collaboration with bicycle manufacturers helps them to build a strong market presence. Plus, their products are well-placed in various global markets. They aim high in quality, accuracy, and usability which makes them a market visionary.
 

Bicycle Chain Device Market Companies

Major players operating in the bicycle chain device industry are:

  • Campagnolo
  • FSA
  • Hawley-Lambert
  • KMC Chains
  • Race Face
  • Shimano
  • SRAM
  • Trek Bicycle
  • TRP Cycling
  • Wippermann
     

The bicycle chain device market is characterized by the presence of both international and local players with specific geographical focuses, which allows the manufacturers to customize their offerings to the various subdivisions of bicycles such as mountain bikes, road bicycles, BMX, and others. The international participants enhance their competitive advantage through acquisitions and mergers alongside a portfolio of chain devices that possess great versatility over builds, heavy-duty withstand ability, and weight.
 

Their robust chain devices are further complimented by innovations such as adjustable chain guides and improved tension systems which are particularly in high demand amidst cultures with high activities of cycling.
 

However, the regional businessmen have not stayed idle and have utilized their understanding of the local market in conjunction with low-cost customized variants for the recreational and cost-friendly cyclists. Although, there are gaps in the market where the increasing precision regarding engineering and reliability on advanced manufacturing technologies are absent, which is pushing the regional companies to come up with new ideas or join hands with the international businesses.
 

Due to the increasing number of mergers and acquisitions poised to happen, the market is predicted to consolidate significantly, which arises from domestic businesses trying to enhance their technological capabilities, there, due to the consolidation, the competitive scene of the bicycle device market is envisioned to be transformed in a way where innovation is boosted, and the device is integrated within more cycling disciplines.
 

Bicycle Chain Device Industry News

  • In September 2024, at Eurobike 2024, KMC showcased their KMC GO WAXED chains which they created in conjunction with BIKINVENTION. These chains are a set of smooth, user friendly, superior chains that have a factory coating of wax as opposed to traditional grease. This technology is efficient and cuts the need for maintenance significantly. Further, this product reduces the usage of harmful chemicals by completely eradicating the need to lubricate with mineral oil which is detrimental for nature. And, as for the professional MTB teams, they've already put the KMC GO WAXED chains to the test and it seems that even the mechanics have more time on their hands due to the chains not requiring constant degreasing. KMC has begun adapting and developing cleaner and better performing chain technologies which bode well for the environment.
     
  • KMC has set a goal to widen their services and during January 2023, KMC Chain USA began their operations in Canada and US, with e-bike chainrings and sprockets specifically designed for the second-gen Bosch and Shimano drive systems. By using the Bosch approved components, KMC has developed a method to improve worn out parts with minimal impacts to the battery life. KMC is looking into extending their services and broaden the scope of their operations with additional setups offered for e-bike users.
     

The bicycle chain device market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and volume (units) from 2021 to 2034, for the following segments:

Market, By Product

  • Bicycle chains
  • Chainrings
  • Derailleurs
  • Chain guides
  • Chain tensioners
  • Others

Market, By Application

  • Road bicycles
  • Mountain bicycles
  • Electric bicycles

Market, By Sales Channel

  • OEM
  • Aftermarket

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Preeti Wadhwani, Satyam Jaiswal
Frequently Asked Question(FAQ) :
Who are the major players in the bicycle chain device industry?
The key players in the industry include Campagnolo, FSA, Hawley-Lambert, KMC Chains, Race Face, Shimano, SRAM, Trek Bicycle, TRP Cycling, and Wippermann.
How big is the bicycle chain device market?
What is the size of the China bicycle chain device market?
Why is the OEM segment dominating the bicycle chain device industry?
Bicycle Chain Device Market Scope
  • Bicycle Chain Device Market Size
  • Bicycle Chain Device Market Trends
  • Bicycle Chain Device Market Analysis
  • Bicycle Chain Device Market Share
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    Base Year: 2024

    Companies covered: 20

    Tables & Figures: 190

    Countries covered: 22

    Pages: 170

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