Global Bicycle Brake Market Overview:
Brakes allow us to slow down or bring the bike to a stop safely and provide the stopping power in a controlled manner. It denotes both the levers at the bars and the braking mechanism that stops the wheel from spinning. According to the law in the United Kingdom, all bicycles on the roads must have two functioning brakes. Some braking systems are extra convenient as compare to others but there should be a break for each wheel. For example, a front brake with a fixed-gear wheel or a pedal-back brake is both legal ways to stop.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Earlier the disc brake system was just for mountain bikes, and are now continuing to become more conventional in road cycling. The pro cyclists are still testing the disc brakes in the peloton, but they are expected to become standard in road bikes.
Market Growth Drivers:
Growing Use of Bicycle for Fitness Activity across the Globe and Rising Adoption of Advanced Bicycles and Lightweight Bicycles
Challenges:
Availability of Cheaper Substitutes in the Market
Restraints:
Fluctuations in Prices of Raw Materials
Opportunities:
Increase in the Inclination for Bicycles over Motor Vehicles
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are INT’L CORP (Taiwan), Shimano Inc. (Japan), SRAM Corporation (United States), Magura (Germany), Tektro Technology Corp (Taiwan), Fibrax (United Kingdom), Hayes Disc Brake (United States), TRP Cycling Components (United States), Ashima Ltd (Taiwan), CANE CREEK (United States), Promax Components (United States) and Giocar America Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Campagnolo (Italy), FSA (Italy) and Mavic (France). Analyst at AMA Research see United States Vendors to retain maximum share of Global Bicycle Brake market by 2028. Considering Market by Brake Parts, the sub-segment i.e. Brake Pads will boost the Bicycle Brake market. Considering Market by Actuation Mechanisms Type, the sub-segment i.e. Mechanical will boost the Bicycle Brake market. Considering Market by Material Used for Brakes, the sub-segment i.e. Carbon Fiber will boost the Bicycle Brake market.
Latest Market Insights:
December 21, 2021, DT Swiss had acquired Trickstuff disc brake company. the acquisition help further the growth of company.
Sep 8, 2023, Tata's Stryder a subsidiary of Tata International has launched Galactic, India's first magnesium bicycle.
What Can be Explored with the Bicycle Brake Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Bicycle Brake Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Bicycle Brake
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bicycle Brake market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bicycle Brake market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Bicycle Brakes, Suppliers of Bicycle Brakes, Wholesalers, Distributors and Retailers of Bicycle Brakes, Manufacturers of Bicycle, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.