The global motorcycle chain sprocket market is anticipated to secure a valuation of USD 2,449,20 million in 2023 and reach up to USD 4,386.10 million by 2033. The global market is estimated to capture a CAGR of 6% during the forecast period.
| Attributes | Details |
|---|---|
| Motorcycle Chain Sprocket Market Size, 2023 | USD 2,449.20 million |
| Motorcycle Chain Sprocket Market Size, 2033 | USD 4,386.10 million |
| Value-based CAGR from 2023 to 2033 | 6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Several factors significantly drive the global market. A few of these factors are as follows:
Motorcycle Sales and Production:The increasing production of motorcycles and the rising demand for passionate riders are boosting the global market revenue. These factors are enhancing the sales of motorcycle chain sprockets.
Growing Trends:Increasing consumer preferences for sports bikes, enhanced design, and riding trends are surging the adoption of motorcycle chain sprockets. The popularity of adventurous riding motorcycle tours and surging the demand for advanced chains are fueling the global market size.
Aftermarket Sales:Key companies are offering consumers the desire to improve their bike's performance through their aftermarket sales. They are providing maintenance for components that wear out and replace chains & sprockets to enhance consumers' desires.
Technological Advancements:Growing innovations, designs, and safety are accelerating the consumer's demand for motorcycle chain sprockets. Manufacturers are designing these motorcycle chain sprockets to improve their performance, lifespan, and flexibility with component upgradation.
Environmental Regulations:Rising demand for fuel efficiency and reduced carbon emissions are increasing the demand for motorcycle chain sprockets. Rising environmental impacts are developing high standardization, performance, and design chains and sprockets to drive the global market.
Economic Factors:Rising disposable incomes, emerging economies, and consumer confidence are increasing the adoption of motorcycle chain sprocket.
E-commerce and Distribution Channels:The rapidly growing e-commerce industry is offering a wide range of motorcycle chains and sprockets to consumers as per their requirements.
Product Quality:Manufacturers are offering a high-quality motorcycle chain and sprocket to attract consumers' desire and enhance purchasing power.
Several factors are declining the global market growth. Various factors are facing challenges to limit the global market; a few of these factors are as follows:
Economic Uncertainty:Economic downturns are reducing the demand for motorcycle chains and sprockets for maintenance and replacement.
Lack of Quality:Maintaining high standardized quality is still challenging for manufacturers. Rising safety concerns and duplication of products may restrain the global market growth.
Supply Chain Disruptions:Rising events, including geopolitical tensions, the Covid-19 crisis, and unavailability, may decline the global market revenue. It heavily affects the production of components in the market.
Rising Competition:The global market is highly fragmented by the number of essential players that constantly innovate new and innovative to stay ahead of the competition. When the products do not stand out, it may restrain the global market.
Changing Riding Habits:Changing consumer preferences, rising habits, and adoption of electric motorcycles may limit the demand for motorcycle chains and sprockets.
Principal Consultant
The global motorcycle chain and sprocket market grew steadily, with a valuation of USD 2,315.10 million in 2022. The increasing consumer preferences, changing lifestyles, and rising disposable incomes are surging the adoption of motorcycle chains and sprockets. Consumers are demanding high-quality, affordable, and flexible motorcycle chains and sprockets for the smooth functioning of motorcycles and better rides.
Ongoing technologies are encouraging manufacturers to develop standardized, lightweight, and suitable motorcycle chains and sprockets. In recent times, the sales of these components may have slowed down due to the outbreak of the Covid-19 crisis. After a temporary shutting of doors for the automotive sector, this sector is now significantly achieving a moderate share in the global market.
| Countries | Forecast CAGR Between 2023 to 2033 |
|---|---|
| United States | 4.30% |
| Canada | 4.80% |
| Germany | 3.0% |
| Italy | 3.40% |
| France | 3.0% |
| United Kingdom | 3.20% |
| Spain | 3.25% |
| China | 5.10% |
| India | 6.80% |
| Japan | 5.10% |
| ASEAN | 6.0% |
| Australia and New Zealand | 5.30% |
The United States is likely to secure a CAGR of 4.30% in the global market during the forecast period. The rising consumer craze for bike rides, racing, and speed are increasing the adoption of motorcycle chain and sprocket in the United States. The increasing riding preferences, off-road motorcycles, and events are raising the demand for motorcycle chains and sprockets.
The United States manufacturers are upgrading bikes with better design, safety, performance, and uniqueness, which are gaining vast popularity among consumers. Rising e-commerce platforms and retail stores are offering sustainable automotive components with strict regulations to limit carbon footprints. Increasing adoption of motorcycle technologies is advancing the United States motorcycle chain and sprocket market during the forecast period.
Canada is anticipated to secure a CAGR of 4.80% in the global market during the forecast period. Rising demand for motorcycle chain and sprocket for off-road, smooth, and versatile rides are upsurging the Canadian motorcycle chain and sprocket market. Changing seasons, emerging economies, and the vast automotive sector are propelling Canada motorcycle chain sprocket market.
The popularity of rugged terrains and trails are increasing the adoption of high-quality chain, and sprockets are expanding the market revenue in the country. Increasing supply distribution networks, product innovations, and research and development activities are increasing the adoption of motorcycle chain sprocket in Canada.
France is estimated to capture a CAGR of 3% in the global market during the forecast period. Rising demand for high-quality components, enhanced look, and thriving vintage motorcycles are increasing the adoption of motorcycle chain sprockets. Riders widely invest in high-quality and aesthetic-looking bikes to enhance their visual image and are gaining robust market revenue in the country.
French manufacturers are developing lightweight material components with eco-friendly practices to improve their performance, but the lack of quality is attracting consumers' desires. On the other hand, sporty bikes are widely preferred among end users. These bikes are innovative and designed with cost-effective solutions propelling the French motorcycle chain sprocket market.
China is anticipated to capture a CAGR of 5.10% in the global market during the forecast period. Rising focus on quality, safety, and reliability are increasing the adoption of motorcycle chain sprocket among consumers. Increasing immense production of motorcycles, personal transportation, and easy-to-reach destinations are rising China motorcycle chain sprocket market.
The manufacturers are playing a crucial role in developing reliable and affordable prices motorcycle chain sprockets to enhance the automotive sector in China. China is one of the largest producers of motorcycles and export a wide range of components across the globe with budget-friendly and better quality to gain market growth. The popularity of electric two-wheelers, scooters, and enhanced motorcycle engines significantly increased the adoption of motorcycle chain sprockets.
India is estimated to capture a CAGR of 6.80% in the global market during the forecast period. India is a dynamic country that heavily relies on two-wheelers as suitable and budget-friendly rides with a growing population. Indians are adopting bikes as an efficient option for traveling and are accepting a wide range of motorcycle chains and sprockets. Manufacturers are constantly surging the adoption of motorcycle chain sprockets to install OEM and enhance the performance of bikes.
Manufacturers in India are continuously making effective and fuel-efficient motorcycles with advanced technologies to meet consumers' expectations. Key players are collaborating with automakers and engineers to develop innovative and high-quality motorcycle chains to fuel India's motorcycle chain sprocket market size. The Indian government is implementing strict regulations to boost the sales of motorcycle chain sprockets.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Based on motorcycle type, the standard is likely to lead the global market by securing a share of 73.7% by 2033. The rising popularity of versatile, high-quality, and enhanced riders are significantly increasing the adoption of motorcycle type. The increasing demand for fuel-efficient and comfortable rides among consumers is surging the demand for standard types.
The growing preference for standards types that are easy to replace and modify among manufacturers is attracting consumers' requirements. Key companies are offering their products on online platforms to capture huge revenue. Consumers are focused on customized components for long rides, and better energy storage is significantly uplifting the global market size.
Based on chain type, standard rolling chains are estimated to secure a share of 60% in the global market by 2033. The increasing demand for suitable rides and off-road choices is surging the adoption of the standard rolling chain. Riders are accepting these chains for longevity, and affordable solutions for flexible and safe rides are uplifting the market growth.
The manufacturers are developing excellent, high-quality, and better-performance tools to enhance motorcycle rides and boost sales. The automotive sector highly prefers standard rolling chains to maintain their vehicle's conditions and reduce toxicity in the environment by approaching sustainable practices.
The global motorcycle chain sprocket market is highly competitive by present key players that develop reliable and safe automotive products. These players are investing a huge amount in research and development activities to carry out innovations and ideas to fuel the global market size.
Key players are adopting various marketing strategies such as collaborations, partnerships, mergers, acquisitions, and product launches to bring lucrative opportunities to the market. These players are taking feedback from their customers and offering advanced products to capture their attention. They are launching their products in retail shops, trade shows, and online platforms to enhance their brand reputation.
Recent Developments in the Motorcycle Chain Sprocket Market
In 2017, Tsubakimoto Chain Co. Announced its completion of mergers with Tsubaki E& M Co.
The motorcycle chain sprocket market is estimated to secure a valuation of USD 2,449.20 million in 2023.
The United States is the biggest market for motorcycle chain sprocket.
The motorcycle chain sprocket market is likely to capture a CAGR of 6% in 2023.
The growing focus on sustainability to reduce carbon emissions.
JT Sprockets and TIDC India are the key players in the motorcycle chain sprocket market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Motorcycle Type 5.1. Standard 5.2. Cruiser 5.3. Sports 5.4. Mopeds and Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Engine Capacity 6.1. Up to 150 CC 6.2. 151-300 CC 6.3. 301-500 CC 6.4. Above 500 CC 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Chain Type 7.1. Standard Rolling Chain 7.2. O Ring Chain 7.3. X Ring Chain 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Original Equipment Manufacturer (OEM) 8.2. Aftermarket 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Tsubakimoto Chain Co 19.2. Rockman Industries Ltd. 19.3. Regina Catene Calibrate Spa 19.4. L.G.Balakrishnan & Bros Ltd 19.5. Jomthai Asahi Co.,Ltd 19.6. Hengjiu Group 19.7. JT Sprockets 19.8. TIDC India 19.9. RK JAPAN Co., Ltd. 19.10. Jiangxi Hengjiu Chain Transmission Co.,Ltd 19.11. Hangzhou Vision Chain Transmission Co., Ltd. 20. Assumptions & Acronyms Used 21. Research Methodology
Explore Automotive Insights
View Reports
Motorcycle Chain Sprocket Market
