Bicycle Bearings Market

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

Bicycle Bearings Market Segmented By Ball Bearing, Plain Bearing, Roller Bearing in Mountain Bike, Hybrid/Cross, Road, Comfort, Cruiser, Youth, Electric Bicycle with Wheel Hubs, Frame Pivot, Pedals, Steering Columns, Bottom Bracket, Gear Shifters, Chain Pocket, Suspension

  • December-2019
  • PMRREP31044
  • 350 Pages
  • Automotive
  • PPT, PDF, WORD, EXCEL

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.

global bicycle bearings market 2019 27

Find Out More about the Report Coverage

Companies

  • 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

 

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.

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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.

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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

  • Ball Bearing
  • Plain Bearing
  • Roller Bearing

Bicycle

  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Cruiser
  • Youth
  • Electric

Application

  • Wheel Hubs
  • Frame Pivot
  • Pedals
  • Steering Columns
  • Bottom Bracket
  • Gear Shifters
  • Chain Pocket
  • Suspension

Sales Channel

  • OEM
  • Aftermarket

Region

  • 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?

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