Global Market Study on Bicycle Bearings: Public Bicycle Rental Programs Instrumental to Market Build-up


Bicycle Bearings  Market
  • Report code : PMRREP31044 |
  • Industry : Automotive |
  • Published On : Dec-2019 |
  • Pages : 350 Pages |
  • Format : Bicycle Bearings  Market Bicycle Bearings  Market Bicycle Bearings  Market Bicycle Bearings  Market

Increasing Health Concerns to Propel Demand for Bicycles, Thereby Boosting Bicycle Bearing Sales

The bicycle bearings market is estimated to be primarily driven by increasing fitness consciousness among people. Nowadays, high share of the global population has included bicycle riding as a fitness activity in their daily routine. Studies show that cycling burns 400 – 1000 calories per hour depending upon the weight of the bicycle rider.

According to the World Health Organization, in 2014, over half the adult population in 114 nations including Europe, the Middle East, and the Americas was obese. Many countries in Europe and Americas have accepted bicycle riding as an effective way of burning fat and maintaining normal body mass, subsequently increasing demand for bicycle bearings. Even though doctors advise general public around the world to use bicycles for living a healthy life, irrespective of obesity; the bicycle market is expected to be more driven by the regions and countries where obesity is a concerning issue. The increasing adoption of bicycles is projected to drive growth for the market of bicycle bearings.

Green Transportation and Growing Number of E-bikes Boost Bicycle Bearings Demand

Rising concerns about air pollution and energy & oil prices are attracting population towards the use of pollutant-free transportation options. According to a report released by the WHO, air pollution contributed to the death of around 3.7 million people under 60 years of age in 2012. Trucks and passenger vehicles increase air pollution as they produce significant amount of carbon monoxide, nitrogen oxides, and other pollutants. Fuel-driven vehicles emit over half of nitrogen oxides and carbon monoxides, and nearly a quarter of the hydrocarbons into the air. Hence, people are moving towards acceptance of green transportation and increasing use of bicycle, which is estimated to drive bicycle bearings demand in the global market.

Moreover, the use of electric bicycles as an eco-friendly mode of transportation is increasing each year. For instance, about 112,000 electric cars and 40 million e-bicycles were sold globally in 2013. In China, there are more electric bicycles than cars running on the road. Middle and low-income consumers are driving the sales of e-bikes in the Asia Pacific region as these are cheaper. This factor will create significant growth opportunities the electric bicycle market, and increase the demand for bicycle bearings over the forecast period.

Bicycle Bearings Market Competition Analysis

Manufacturers involved in the bicycle bearings market are keen on adopting a multi-brand strategy to promote the sales of bicycle bearings. Moreover, they are also focused on increasing product offerings, geographic reach, and manufacturing capabilities. Major players in the bicycle bearings market include Schaeffler Technologies AG & Co. KG, Boca Bearing Inc., Endura Bearings, Jiangsu Wanda Special Bearing Co., Ltd., SKF AB, National Engineering Industries Limited, SMB Bearing, Fuda Bearing Corporation Co., Ltd., Kogel Bearing, and Yuyao Bote Bearing Co., Ltd., among others.

Bicycle Bearings Market – Report Scope

Persistence Market Research (PMR) recently published a study report on the global bicycle bearings market. The report provides detailed valuation on key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the bicycle bearings market structure. This market research report presents exclusive facts and figures about how the bicycle bearings market will grow over the forecast period.

Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the bicycle bearings market over the forecast period.

The study is relevant for stakeholders in the bicycle bearings market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the bicycle bearings market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro as well as macroeconomic factors that are impacting the growth of the bicycle bearings market. The study also offers actionable insights based on the future trends in the bicycle bearings market. Furthermore, regional players and new entrants in the bicycle bearings market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of Bicycle Bearings Market

PMR’s study on the bicycle bearings market is divided into five significant segments- product type, bicycle type, application, sales channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Bearing

Bicycle

Application

Sales Channel

Region

  • Ball Bearing
  • Plain Bearing
  • Roller Bearing
  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Cruiser
  • Youth
  • Electric
  • Wheel Hubs
  • Frame Pivot
  • Pedals
  • Steering Columns
  • Bottom Bracket
  • Gear Shifters
  • Chain Pocket
  • Suspension
  • OEM
  • Aftermarket
  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key Questions Answered in PMR’s Bicycle Bearings Market Report

  • Which region is anticipated to hold a prominent market share over the forecast period?
  • What will be the key driving factors propelling demand for bicycle bearings during the forecast period?
  • How current trends will impact the bicycle bearings market?
  • Who are significant market participants in the bicycle bearings market?
  • What are the crucial strategies of prominent players in the bicycle bearings market to upscale their positions in this landscape?

Bicycle Bearings Market: Research Methodology

In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the bicycle bearings market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred by analysts during the evaluation of the bicycle bearings market study, which comprises of the facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.

Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the market to make PMR’s projection on growth prospects of the bicycle bearings market more accurate and reliable.

Companies covered in Bicycle Bearings Market Report

  • Schaeffler Technologies AG & Co. KG
  • Boca Bearing Inc.
  • Endura Bearings
  • Jiangsu Wanda special bearing Co., Ltd 
  • SKF AB
  • National Engineering Industries Limited
  • SMB Bearing
  • Fuda Bearing Corporation Co., Ltd.
  • Kogel Bearing
  • YUYAO BOTE BEARING CO., LTD.
  • NSK Company

 

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