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Motorcycle chain sprockets are wheels with teeth that mesh with chains, tracks, or other indentation materials. Sprockets are generally applied to wheels with radial projections that is fixed on it by the chain. The difference between sprockets and the gear is that the sprocket never directly engages with the pulley, but diverges from the pulley, because the sprocket has teeth, and the pulley is smooth except for the synchronous pulley with toothed belt. Sprockets usually do not have flanges. Sprockets are usually used in motorcycles, bicycles, vehicles, and other machinery to transmit rotational motion in two shafts that are not suitable for the use of gears, or to transmit linear motion to rails, tapes, etc. Motorcycle sprockets are the one of the vital components of the motorcycle transmission system. They comprise of different types of drive chains, such as X-ring chain, O-ring chain, and standard roller chain. Transmission chain is a machine component that transmits power through sprocket. The sprocket is a gear that transmits the rotation of the shaft to the chain. The growing demand for motorcycles is fuelling the demand for sprockets, thereby driving the growth of the motorcycle chain sprockets market. The rising demand for sports bikes due to the increasingly fierce sports competition has also promoted the growth of the sprocket market.
Key Market Driver -
Increasing demand for motorcycles owed to increasing road traffic is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
Regular maintenance and replacement of chain sprockets may hinder the growth of the market during the forecast period.
Globally, the Motorcycle Chain Sprockets market is segmented by type, by sales channel type, and by geographic coverage. Based on type, the market is further segmented into standard chain sprocket and non-standard chain sprocket. The standard chain sprocket holds the largest share in the global market as these type of chain sprockets are usually used in motorcycles with lower engine capacities. The manufacturers are investing a high percentage in innovative products with low drag coefficients and lower maintenance requirements to enhance the overall life of the transmission chain. The sales channel type is further divided into OEM and aftermarket. The OEM segment accounts for the maximum share in the global market as chain sprockets are the vital component of the motorcycles. The aftermarket segment also shows a significant share in the global market as replacement and maintenance such as servicing and oiling is required at regular intervals. However, the total life of motorcycle chain sprocket deteriorates over time owing to uneven road conditions which demands for regular maintenance and replacements thus leading to the growth of the aftermarket segment in the global market.
Major players operating in the global Motorcycle Chain Sprockets market include Rockman Industries Ltd., Hangzhou Vision Chain Transmission Co., Ltd., JT Sprockets, Jomthai Asahi Co.,Ltd, L.G.Balakrishnan & Bros Ltd., Hengjiu Group, Tsubakimoto Chain Co., Regina Catene Calibrate, and iangxi Hengjiu Chain Transmission Co., Ltd. among others.
Geographically, the Motorcycle Chain Sprockets market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share in the global market and is expected to maintain its dominance over the forecast period. This dominance is attributed to the rapid industrialization, rising urbanization, along with increasing road traffic problems which increases the demand for motorcycles in this region. Also, the growth in the middle-class population coupled with the rising per capita income is compelling the individuals especially the young generation to buy motorcycles and sports bikes which ultimately surges the demand for chain sprockets market in this region. India and China are expected to be the two fastest growing motorcycle markets in the Asia-Pacific region.
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