Two-Wheeler Sprocket Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Two-Wheeler Sprocket Market is projected to expand from USD 2.62 Billion in 2025 to USD 3.83 Billion by 2031, reflecting a CAGR of 6.53%. This industry focuses on the manufacturing and distribution of toothed wheels that engage with chains to transfer rotary motion between shafts, acting as vital elements of the transmission systems in motorcycles and scooters. Market growth is primarily driven by the increasing volume of two-wheeler production to satisfy urban mobility needs and the persistent demand for aftermarket replacements arising from the high wear and tear inherent to these metal components. Supporting this manufacturing upward trend, the Society of Indian Automobile Manufacturers noted that in the fiscal year 2023-24, domestic two-wheeler sales in India surged to 17.97 million units, achieving a growth rate exceeding 13 percent compared to the prior period.

Despite these favorable indicators, the market confronts a major obstacle regarding the volatility of raw material prices, specifically for high-grade steel and alloys required for durability. Fluctuations in global steel costs directly affect profit margins and manufacturing consistency, compelling stakeholders to either absorb the increased expenses or pass them on to price-sensitive buyers. This economic unpredictability hinders long-term procurement planning and threatens to impede aggressive expansion initiatives within the highly competitive landscape of transmission component manufacturing.

Market Drivers

The surging volume of global two-wheeler production and sales acts as a primary catalyst for the sprocket market, as these components are indispensable fitments for power transmission in the final drive systems of internal combustion motorcycles. Manufacturers are ramping up output to address growing personal mobility requirements in developing nations, creating a need for substantial procurement of high-durability steel and alloy sprockets for new vehicle assembly. This direct link between vehicle rollout and component demand guarantees a steady baseline of orders for OEM suppliers. To demonstrate this manufacturing scale, the China Chamber of Commerce for Motorcycles reported in its January 2025 data that the production of fuel-powered motorcycles in China reached approximately 16.56 million units for the full year of 2024.

Concurrently, sustained aftermarket demand for component replacement serves as a parallel growth engine, driven by the finite lifespan of metal sprockets that endure continuous abrasion and mechanical stress during operation. As the global fleet of two-wheelers accumulates mileage, especially in regions with poor road infrastructure, the inevitable wear of sprocket teeth compels vehicle owners to purchase replacement kits to maintain drivetrain efficiency. Underscoring the economic magnitude of this segment, the Automotive Component Manufacturers Association of India (ACMA) stated in its July 2024 review that the domestic auto component aftermarket turnover hit INR 93,886 crore in the fiscal year 2023-24. Furthermore, the expanding active fleet ensures future maintenance needs; for instance, the Indonesian Motorcycle Industry Association (AISI) recorded domestic motorcycle sales of 6.33 million units in 2024.

Market Challenges

The instability of raw material prices, particularly for high-grade steel and alloys, represents a major barrier to the financial security and growth of the global two-wheeler sprocket market. Since sprockets are heavily reliant on metal, their production costs are intrinsically tied to global steel valuations. Unpredictable fluctuations in these input costs undermine the ability of manufacturers to maintain stable profit margins or secure fixed long-term pricing with original equipment manufacturers. This instability necessitates frequent price revisions, which can discourage price-sensitive buyers in emerging economies and disrupt the consistency of the supply chain.

Furthermore, the uncertainty surrounding material costs adds complexity to inventory management and procurement planning. Manufacturers encounter heightened financial risks when purchasing raw materials in bulk during periods of price instability, a situation that frequently results in the stalling of aggressive expansion efforts. The extent of this resource dependency is highlighted by global consumption trends that influence component availability. According to the World Steel Association, global steel demand was projected to reach 1.79 billion tonnes in April 2024, indicating intense competition for raw materials that drives cost variances for fabricators. This competitive pressure on essential inputs directly constrains the financial flexibility required for market players to scale operations effectively.

Market Trends

As high-performance electric motorcycles gain popularity, there is a specialized trend toward developing reinforced sprockets designed to withstand the instant, high-torque power delivery characteristic of electric powertrains. Unlike internal combustion engines, electric motors provide peak torque immediately, requiring sprockets made from ultra-durable heat-treated steel or advanced alloys to prevent premature tooth deformation and chain slip. This technical evolution is particularly critical as the electric segment expands beyond commuter scooters into higher-performance categories, demanding drivetrain components that offer superior tensile strength. Highlighting the growing market relevance of this evolving sector, the Federation of Automobile Dealers Associations (FADA) reported in June 2024 that the electric two-wheeler segment in India recorded sales of 76,907 units in May 2024 alone.

Simultaneously, manufacturers are increasingly adopting hybrid sprocket designs that combine materials, such as fusing a durable steel outer ring with a lightweight aluminum core, to reduce unsprung weight without compromising longevity. The adoption of lightweight composite materials is primarily driven by the premium and racing motorcycle segments, where reducing rotating mass is essential for improving acceleration, handling, and fuel efficiency. The rising demand for these performance-oriented components correlates directly with the expansion of the high-capacity motorcycle market in established regions. Evidencing this growth in the premium sector, the European Association of Motorcycle Manufacturers (ACEM) noted in February 2025 that new motorcycle registrations in five key European markets increased by 10.1 percent year-on-year to reach a total of 1,155,640 units in 2024.

Key Players Profiled in the Two-Wheeler Sprocket Market

• Tsubakimoto Chain Co.
• Rockman Industries Ltd.
• Regina Catene Calibrate S.p.A.
• L.G. Balakrishnan & Bros Ltd.
• Jomthai Asahi Co. Ltd.
• Hengjiu Group
• JT Sprockets
• TIDC India
• RK Japan Co., Ltd.
• Jiangxi Hengjiu Chain Transmission Co. Ltd.

Report Scope

In this report, the Global Two-Wheeler Sprocket Market has been segmented into the following categories:

Two-Wheeler Sprocket Market, by Vehicle Type:

• Motorcycle
• Mopeds

Two-Wheeler Sprocket Market, by Sprocket Material Type:

• Standard Carbon Steel
• Stainless Steel
• Others

Two-Wheeler Sprocket Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Two-Wheeler Sprocket Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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