Motorcycle Chain Sprocket Market Report 2024

The motorcycle chain sprocket market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historic period can be attributed to several factors, including increasing government regulations pertaining to vehicle safety and emissions, expanded infrastructure development, ongoing research and development activities, availability of motorcycle chain sprockets through online platforms, and efforts by manufacturers to enhance the longevity and durability of their products.

The motorcycle chain sprocket market size is expected to see strong growth in the next few years. It will grow to $3.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to several factors, including a focus on cost-effective and durable packaging solutions, increasing consumer awareness about product quality and safety, adoption of competitive pricing strategies by manufacturers, ongoing urbanization trends, and evolving consumer preferences. Major trends expected during this period include the incorporation of safety features into chain sprockets to enhance reliability, integration of IoT (Internet of Things) technology for real-time monitoring and diagnostics, development of hybrid chain systems combining traditional and advanced materials for improved performance, utilization of AI (Artificial Intelligence) and machine learning for predictive maintenance and efficiency, and adoption of blockchain technology to enhance supply chain transparency and product traceability.

The motorcycle chain sprocket market is poised for growth driven by increasing demand for two-wheeled motor vehicles. These vehicles, commonly known as motorcycles or motorbikes, are favored for their affordability, fuel efficiency, maneuverability in urban traffic, and versatility in both urban and rural settings. Motorcycle chain sprockets play a crucial role in these vehicles by efficiently transmitting power from the engine to the rear wheel. This mechanism enables motion and regulates speed through the interaction of the chain with the sprocket's teeth. For example, the Society Of Manufacturers Of Electric Vehicles reported a substantial increase in electric two-wheeler sales from 252,641 in 2021-2022 to 728,054 in 2022-2023, underscoring the robust demand driving growth in the motorcycle chain sprocket market.

Leading companies in the motorcycle chain sprocket market are focusing on innovation, introducing advanced chain sprocket kits crafted from high-performance materials and precision engineering. These kits typically include both front and rear sprockets, sometimes with a matched chain, ensuring optimal compatibility and performance. For instance, in December 2023, L. G. Balakrishnan & Bros Ltd., an India-based manufacturer of motor vehicle parts, launched the Rolon electric bike chain sprocket kit. This kit represents India's first comprehensive set of sprockets and chains specifically designed for electric motorcycles, emphasizing durability and performance.

In February 2024, MPE Partners, a US-based private equity firm, acquired Webster Industries Inc. This strategic acquisition aims to leverage Webster's strong market position and manufacturing capabilities in engineered class chains and sprockets. MPE Partners intends to accelerate growth by expanding teams, driving product innovation, and potentially making complementary acquisitions. Webster Industries Inc. is a prominent US-based manufacturer specializing in engineered class chains, sprockets, and vibratory equipment for industrial applications.

Major companies operating in the motorcycle chain sprocket market are TVS Motor Company, Tsubaki India Power Transmission Pvt. Ltd., Sunstar Group, Rockman Industries, Daido Kogyo Co Ltd., Renold International Holding Limited, Allied-Locke Industries Inc., KettenWulf Betriebs GmbH, Renthal Ltd., WM Berg Inc., Miche srl, Regina Catene Calibrate S.p.A, Dc Afam NV, Rk Japan Co. Ltd, Supersprox, Talon Engineering Limited, Vortex Racing, DIDChain, TIDC India, Zhejiang Hengjiu Machinery Group Co. Ltd., Rexnord Industries LLC, Bajrang Engineering Works, JT Sprockets, L.G.Balakrishnan & Bros Limited, Juelang Motorcycle Spare Parts Co. Ltd., Xinghua Donghua Gear Co.Ltd.

Asia-Pacific was the largest region in the motorcycle chain sprocket market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle chain sprocket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

A motorcycle chain sprocket is a toothed wheel component typically made of steel or aluminum, designed to engage with a chain and transfer power from the engine to the rear wheel of a motorcycle. Its durable construction and precise tooth design are critical for efficient power transmission, ensuring smooth acceleration and dependable performance across various road conditions.

The primary types of chains include standard rolling chains, ring chains, and x-ring chains. Standard rolling chains are used extensively in motorcycles, bicycles, conveyors, and industrial machinery for mechanical power transmission. These chains feature durable construction with pins, bushings, and rollers that minimize friction and wear. These products cater to motorcycles with various engine capacities, categorized into ranges such as up to 150cc, 151-300cc, 301-500cc, and above 500cc. They are suitable for different motorcycle types including standard, cruiser, sports bikes, mopeds, and others. Sales channels for motorcycle chain sprockets include original equipment manufacturers (OEM) and the aftermarket.

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

The motorcycle chain sprocket market consists of sales of front, rear, and alloy sprockets. 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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