Latest News- Bicycle Gearbox System Market: Multiple gear is expected to lead the Type segment during 2024-2028

The Bicycle Gearbox System Market is being driven by Need to reduce air pollution

The Bicycle Gearbox System Market is expected to grow at a CAGR of 6.42% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.65 billion. In the bicycle industry, electronic gear shifting systems represent a significant advancement in cycling technology. These systems enable riders to effortlessly shift gears using electronic switches, eliminating the need for traditional mechanical control levers. The switches are connected to a battery, and a small electric motor drives the derailleur, seamlessly transitioning the chain between cogs. This innovation reduces maintenance requirements as cables are eliminated, and calibration is automated. Notable manufacturers, such as Campagnolo and Shimano, offer electronic shifting systems, with Campagnolo's EPS electronic drivetrain adhering to IP67 international standards, ensuring protection against dust and liquid infiltration. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Multiple gear
  • Fixed gear
• Application
  • Mountain Bikes
  • Road Bikes
  • Electric Bikes
• Component
  • Shifters
  • Derailleurs
• Transmission Systems
  • Internal Gear Hubs
  • Planetary Gear Systems
  • Chain Drives
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need to reduce air pollution
• Upsurge in bicycle users
• Availability of multiple gearbox configuration

However, the market also witnesses some limitations, which are as follows:

• Rise in price of bicycles in addition to gears
• Increase in maintenance of multiple-gear system bicycles
• Increase in weight of multiple-gear bicycles

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Market Scope in Bicycle Gearbox System Market Research Report

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Research Analysis Overview

The Bicycle Gearbox System Market encompasses various types of electric bicycle motors, including mid-drive, rear hub, and front hub, each offering distinct power assist levels. Torque and cadence sensing technologies optimize pedaling efficiency. Multi-speed and single-speed gearing systems utilize planetary gear systems for smooth transitions. Proper gearbox lubrication, wear and tear management, and maintenance schedules ensure longevity. Brakes, suspension, battery, and frame geometry factors also influence the market. User-friendly interfaces, connected cycling, and design advancements enhance performance and comfort while promoting sustainable mobility and green technology.

Market Research Overview

The global bicycle gearbox system market is a segment of the larger automotive parts and equipment market, which encompasses businesses producing components and accessories for various automotive applications, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers (Technavio, 2021). The automotive parts and equipment market's size is determined by the consolidated revenue generated by manufacturers in this sector. Key growth drivers for this market include the rising demand for electronic components in automobiles, such as torque sensors, cadence sensors, and electric bicycle gearboxes, which are increasingly being integrated into EVs, motorcycles, and PCs to optimize gear ratios and improve overall performance. The escalating sales of these vehicle types have significantly boosted the demand for such advanced systems in the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/