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 seamlessly change gears using electronic switches, eliminating the need for traditional mechanical control levers. The switches are connected to a battery, which powers a small electric motor that actuates the derailleur, automatically shifting the chain between cogs. This innovation reduces maintenance requirements and eliminates the need for cable calibration. Notable manufacturers, such as Campagnolo and Shimano, offer electronic shifting systems, with Campagnolo's EPS electronic drivetrain boasting IP67 certification, 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
  • On-road and track bicycles
  • Off-road bicycles
  • Others
• Geography
  • Europe
    • Germany
    • France
    • Italy
  • North America
    • US
  • APAC
    • China
  • South America
  • 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 advanced technologies like bicycle gearbox technology and electric bicycle transmission, focusing on enhancing bicycle performance through efficient gearbox systems. These systems offer multi-gear ratios, integrating lightweight gearboxes into high-performance bicycles, including off-road models. Derailleur and hub gears are superseded by gearbox efficiency and torque multiplication, providing seamless gear shifting and reducing maintenance costs. Sustainable transportation is prioritized with these innovative CVT transmissions and performance gears, elevating the bicycle drivetrain to new heights.

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, electric vehicles, commercial vehicles, heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers (Technavio). This market's size is determined by the consolidated revenue generated by these manufacturers. Factors driving growth in the automotive parts and equipment market include the rising demand for electronic components in automobiles, such as high-performance gearbox systems for high-end bicycles like mountain bikes, and the increasing popularity of eco-friendly transportation alternatives, including electric assist gearboxes for cycling enthusiasts. The efficient and seamless gear shifting offered by these systems enhances the overall riding experience, making them an attractive investment for consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/