MarketResearchNest.com adds “Global Bicycle Gearbox System Market 2017-2021” new report to its research database. The report spread across 71 pages with table and figures in it.
Research analysts forecast the global bicycle gearbox system market to grow at a CAGR of 9.38% during the period 2017-2021.
About Bicycle Gearbox System
Bicycle gearing is a feature of the drivetrain that determines the rate at which the riders are peddling to the rate at which the drive wheel rotate. The gear ratio is fixed for a bicycle with one gear, while it varies for multiple geared bicycles. There is a shifting mechanism that allows the proper selection of the gear, which is effective in increasing the comfort of riding. For instance, top gear can be used for riding downhill, medium for the flat road, and low for uphill.
Covered in this report
The report covers the present scenario and the growth prospects of the global bicycle gearbox system market for 2017-2021. To calculate the market size, the report considers the total number of bicycle production.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-bicycle-gearbox-system-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Bicycle Gearbox System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Bicycle Gearbox System Market 2017-2021
Technavio recognizes the following companies as the key players in the global bicycle gearbox system market: Pinion, Shimano, Campagnolo, SR Suntour, and Rohloff.
Other Prominent Vendors in the market are: Efneo, SRAM, effiGEAR, Fallbrook Technologies, and Sturmey-Archer.
Commenting on the report, an analyst from Research team said: “One trend in the market is electronic gear shifting in bicycles. Electronic gear shifting is an innovative mechanism that enables the cyclist to shift gear using electronic switches rather than traditional mechanical control levers. The switches are connected to a battery and a small electric motor will drive the derailleur and also switches the chain from one cog to another, thereby enabling rapid switching of gears.”
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According to the report, one driver in the market is rise in GDP is contributing to market growth. Bicycle is one of the most efficient modes of transportation. The growth further continues as more people are becoming concerned about the health and environmental issues. The market is expanding in Europe because of government initiatives to promote bicycles to reduce traffic congestion and because of the health benefits. Bicycling is also a popular sport in Europe. Similar trends are also observed in developed and emerging economies.
Further, the report states that one challenge in the market is rise in price of bicycle with addition of gears. Single gear bicycle has a fixed gear ratio. It has a fixed cassette, which keeps the wheel turning when the pedals are spinning. As the design of fixed gear bicycle is simple, it is a preferred choice for cyclists. The simplistic design of the fixed gear bicycle makes it less expensive than the ones equipped with multiple gears. Although they are complex and expensive, multiple gears can outperform fixed gear bicycles in terms of speed and sharp inclination.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain