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Bicycles derailleurs are gear transmission systems which are used in bicycles and comprises of multiple sizes sprockets, a chain and a mechanism that derails the chain from one sprocket to another with the help of the rider's pedal action and the gear-shifting command to change gears. They consist of a metal cage that is movable in the back-forth direction from side to side. Bicycles derailleur gears seems to be highly complex, but are very simple and are also known as brute force bicycle devices. Traditional front derailleur gear cage was mounted on a simple sliding plunger, however modern front derailleurs use a parallelogram linkage mechanism to reduce the friction and helps better tracking of the sprockets. Majority of the modern bicycles are integrated with derailleur gearing systems. The demand for bikes and bicycles is increasing owing to the rising population along with the growing popularity of bikes and bicycles rental activities. Also, the individuals are shifting their inclination towards environmental and fit and healthy lifestyle which is positively impacting the bicycle derailleurs market.
Key Market Driver -
Increasing demand for bikes and bicycles is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
High cost of repair and maintenance may hinder the growth of the market during the forecast period.
Globally, the bicycle front derailleurs market is segmented by type, by material type, by application type, and by geographic coverage. Based on type, the market is further segmented into front derailleurs and front derailleurs clamp. The front derailleurs segment holds the maximum share in the global market and is expected to propel owing to the rising popularity for environmental friendly rides. The working principle of the front derailleur is to push the chain onto the bicycle through more than one sprocket to make it at an angle instead of going straight. When this angle becomes sharp enough, the chain no longer engages with the sprocket as it falls off the chain and shifts on the next one. Bicycles front derailleurs are available in variety of brands and models, but they all have the same design and functioning. Thus, several modern bikes and bicycles are mounted with front derailleurs to enhance the physical power of the bicycles. The material type is further divided into aluminium, titanium, carbon fibre, steel, and plastic. Aluminium material accounts for the major share in the global market owing to its various advantageous properties including lightweight, low cost, anti-corrosive and high durability. Majority of the manufacturers use aluminium metal to make bicycle derailleurs in order to reduce the overall weight of the vehicle and also owing to its easy availability. However, titanium and carbon fibre are also showing an exponential growth in the global market owing to its rising popularity in the market. These materials also possess beneficial characteristics such as lightweight, heat and water resistance, and highly durable which is expected to boost the growth of the market in the forecast period. The application type is further segmented into road bike, mountain bike, and hybrid bike. The road bike segment accounts for the largest revenue share in the global market. The rise in the sprouting activities such as bike race events, racing championships is boosting the road bike segment in the global market. Also, the increasing inclination of people towards staying fit and healthy as well as reduce the dependency on fuels is expected to propel the bicycle derailleurs market.
Major players operating in the global bicycle front derailleurs market include SHIMANO INC., Bianchi S.p.A., MICROSHIFT, Blackspire, K-EDGE, Dedaindustrie S.r.l., Jtek Engineering, Gipiemme Srl, Campagnolo S.r.l., and SRAM LLC among others.
Geographically, the bicycle front derailleurs market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest revenue share in the global bicycle front derailleurs market and is expected to show the fastest growth over the forecast period. The high demographic growth, increasing urbanization, rise in the disposable income as well as the rising trend to healthy and pollution free environment are the foremost factors for the high demand for bicycles in this region. Also, the government is taking various initiatives to promote the use of bicycles to reduce traffic congestion as well as the increasing vehicular emissions. Moreover, the rising popularity and high demand for bicycles has decreased the cost of bicycles to attract more riders.
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