Bicycle Derailleur Global Market Report 2024

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 observed in the historical period can be attributed to factors such as the increasing popularity of cycling, a growing awareness of environmental concerns, urbanization, infrastructure development, competitive pricing, and the availability of 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 anticipated growth in the forecast period can be attributed to changing consumer preferences, government initiatives promoting sustainable transportation, the growth of e-commerce, increasing health consciousness, and the influence of global events and sponsorships. Key trends expected in the forecast period include the integration of smart derailleur technology, ongoing technological innovation, advancements in technology, and a focus on lightweight designs.

The anticipated surge in the popularity of e-bikes and e-mountain bikes is poised to drive the growth of the bicycle derailleur market in the future. E-bikes, equipped with electric motors to assist in movement, and e-mountain bikes, designed for off-road terrains, have become prominent categories in the bicycle industry. Derailleurs, crucial for shifting the chain between sprockets and adjusting gear ratios, play a significant role in enhancing pedal effort, especially for the heavier e-bikes. A report by the German Bicycle Industry Association highlighted a 12% increase in bicycle and e-bike sales, reaching $7.9 billion in 2022, emphasizing the growing trend of e-bikes and e-mountain bikes and their impact on the bicycle derailleur market.

The growth of the bicycle derailleur market is expected to be fueled by the rise in disposable income. An upturn in disposable income often accompanies economic improvements, leading to higher wages and increased spending on various goods and services, including bicycles and related components. The disposable income level influences the demand for bicycle derailleurs, with individuals having more financial means being inclined to invest in high-quality bicycle components. In September 2023, the Bureau of Economic Analysis reported a 0.2% increase in disposable personal income (DPI), reinforcing the positive impact of rising disposable income on the bicycle derailleur market.

The primary challenge to the growth of the bicycle derailleur market lies in the high costs associated with these components. Bicycle derailleurs are expensive due to the use of high-quality and durable materials, and the replacement parts can also incur substantial costs. The overall expense depends on factors such as brand, quality, and performance. For instance, as reported by BikingUniverse in December 2022, the cost of a bicycle derailleur can exceed $100, and additional labor costs for replacement may range from $40 to $60. The high costs act as a significant hindrance to the broader adoption of bicycle derailleurs.

Prominent players in the bicycle derailleur market are actively engaged in the development of innovative products, particularly focusing on rear derailleurs, to expand their customer base, drive sales growth, and boost overall revenue. Rear derailleurs play a pivotal role in the bicycle drivetrain, facilitating the smooth transfer of the chain between various rear-wheel sprockets. An illustrative example of this commitment to innovation is SRAM LLC, a US-based bicycle company, which introduced the XPLR rear derailleurs and cassettes in August 2021. The XPLR eTap AXS rear derailleurs are designed to seamlessly integrate with both SRAM's existing 10-36T cassettes and the newly introduced XPLR 10-44T cassettes. The innovative design features a top pulley wheel offset to the primary pivot, incorporating an extended knuckle at the upper connection point to the hanger. This design adjustment allows the rear derailleur to move closer or farther from the cassette during gear changes.

In December 2022, Shimano, a prominent Japan-based bicycle derailleur manufacturer, forged a strategic partnership with Kuehne Nagel International AG. This collaboration is strategically positioned to assist Shimano in addressing the escalating demand for bicycle parts, with a particular focus on derailleurs. The partnership is anchored on an automated and highly flexible warehousing solution, which is integral to streamlining Shimano's logistical operations. Notably, the collaboration is aligned with the surging interest in sustainable mobility options, notably bicycles and e-bikes, recognized as accessible and eco-friendly modes of transportation. Kuehne Nagel International AG, a Switzerland-based logistics service provider, is playing a crucial role in supporting Shimano's efforts to meet the growing market demand for bicycle derailleurs while embracing the broader trend toward sustainable transportation alternatives.

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.

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. The countries covered in the bicycle derailleur market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A bicycle derailleur is a variable-ratio gearing system for bicycles, comprising a chain, multiple sprockets of varying sizes, and a mechanism to shift the chain between different sprockets. This crucial component facilitates the movement of the chain up and down the cogs in the cassette, enabling cyclists to shift gears and adjust chain tension while riding.

The primary types of bicycle derailleur products include the front derailleur and the rear derailleur. A front derailleur is responsible for moving the chain between different crankset chainrings in a bicycle's drivetrain. These derailleurs are constructed using various materials, such as steel, aluminum, carbon fiber, and others, catering to the needs of hybrid bikes, mountain bikes, road bikes, and other end users.

The bicycle derailleur market research report is one of a series of new reports that provides bicycle derailleur market statistics, including bicycle derailleur industry global market size, regional shares, competitors with a bicycle derailleur market share, detailed bicycle derailleur market segments, market trends and opportunities, and any further data you may need to thrive in the bicycle derailleur industry. This bicycle derailleur market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bicycle derailleur market consists of sales of derailleur hangers, bottom brackets, small parts, derailleur pulleys, derailleur bolts, and repair parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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