Global Bicycle Derailleur Market Growth Analysis 2024 – Forecast Market Size And Key Factors

Overview and Scope
A bicycle derailleur is a variable-ratio bicycle gearing system consisting of a chain, multiple sprockets of different sizes, and a mechanism to move the chain from one sprocket to another. It moves the chain up and down the cogs in the cassette and is an essential component that allows cyclists to shift gears and adjust chain tension while riding.

Sizing and Forecast
The bicycle derailleur market size has grown strongly in recent years. It will grow from $1.72 billion in 2023 to $1.88 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing popularity of cycling, rising environmental awareness, urbanization and infrastructure development, competitive pricing, customization options.

The bicycle derailleur market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to evolving consumer preferences, government initiatives for sustainable transportation, e-commerce growth, rising health consciousness, global events and sponsorships. Major trends in the forecast period include smart derailleur technology, continued technological innovation, technological advancements, focus on lightweight designs.

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Segmentation & Regional Insights
The bicycle derailleur market covered in this report is segmented –

1) By Product Type: Front Derailleur, Rear Derailleur
2) By Material: Steel, Aluminum, Carbon Fiber, Other Materials
3) By End User: Hybrid Bike, Mountain Bike, Road Bike, Other End Users

North America was the largest region in the bicycle derailleur market in 2023. The regions covered in the bicycle derailleur market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing trend of e-bikes and e-mountain bikes is expected to boost the growth of the bicycle derailleur market going forward. An e-bike, or electric bike, refers to a particular kind of bicycle with an electric motor to help it move, and e-mountain bikes refer to electric bicycles used on off-road surfaces, such as challenging trails and steep slopes. Derailleurs are used to shift the chain from one sprocket to another, allowing the rider to change the gear ratio and pedal effort, and they are especially beneficial for e-bikes, which frequently weigh more due to the weight of the motor and battery. For instance, in March 2023, according to a report published by the German Bicycle Industry Association (Zweirad-Industrie-Verband), a Germany-based national interest group for bicycle, e-bike, components, and accessories industries, deliveries of Bicycles and E-Bikes to retailers, in 2022, the sales of bicycles and e-bikes climbed to $7.90 billion (7.36 billion euros) (+12%), an increase of 11% compared to 2021. Therefore, the growing trend of e-bikes and e-mountain bikes is driving the growth of the bicycle derailleur market.

Key Industry Players
Major companies operating in the bicycle derailleur market report are Shimano Industrial Co. Ltd., SRAM LLC, Campagnolo S.r.l., Miche , SR Suntour Inc., SunRace Sturmey-Archer Inc., Mavic Co., Falcon Cycles, KCNC International
, Rotor Componentes Tecnologicos SL , BBB Cycling, Interloc Racing Design (IRD), DIA-COMPE Taiwan CO. LTD., TEKTRO Racing Product, Gipiemme S.R.L., microSHIFT , Blackspire , Jtek Engineering Ltd., DMR Bikes, Dedaindustrie s.r.l., F.I.V. Edoardo Bianchi S.p.A., Token Products Inc., Absolute Black Co., Box Components, Ritchey Design Inc., OneUp Components, Jagwire , Full Speed Ahead Inc.</b

The bicycle derailleur market report table of contents includes:

1. Executive Summary
2. Bicycle Derailleur Market Characteristics
3. Bicycle Derailleur Market Trends And Strategies
4. Bicycle Derailleur Market - Macro Economic Scenario
5. Global Bicycle Derailleur Market Size and Growth
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32. Global Bicycle Derailleur Market Competitive Benchmarking
33. Global Bicycle Derailleur Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bicycle Derailleur Market
35. Bicycle Derailleur Market Future Outlook and Potential Analysis
36. Appendix

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