Press release
The Bicycle Market to witness on-demand service access - Renold PLC, Taya Chain Co. Ltd., KMC Group, Shimano Inc, Tien Yuen Machinery Mfg. Co. Ltd
Read more about bicycle chain market here: https://www.globalinsightservices.com/reports/bicycle-chain-market/
A bicycle chain is a chain that connects the pedals to the rear wheel of a bicycle. The chain is an important part of the drivetrain of a bicycle, and it is what transfers power from the pedals to the rear wheel. The chain is made up of small metal links, and it is held together by a series of pins. The chain is wrapped around the sprockets on the pedals and the rear wheel, and it is kept under tension by the derailleur. When the pedals are turned, the chain moves and the rear wheel is driven.
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Market Segments
The bicycle chain market is segmented by material, chain, bicycle, and region. By material, the market is classified into carbon steel, alloy steel, and nickel plated. Based on the chain, it is bifurcated into one speed, and derailleur. On the basis of bicycle, it is divided into kids, road, mountain, and racing. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global bicycle chain market includes players such as SRAM LLC., Renold PLC, Taya Chain Co. Ltd., KMC Group, Shimano Inc, Tien Yuen Machinery Mfg. Co. Ltd., Metro Group, Izumi Chain Mfg. Co. Ltd., RK South East Asia SDN. BHD, Oriental Chain Mfg. Co. Ltd., and others.
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Key Drivers
The key drivers of the bicycle chain market are the increasing demand for bicycles, the need for efficient and low-maintenance chains, and the growing popularity of cycling as a recreational activity.
Bicycles are becoming increasingly popular as a mode of transportation, due to their low cost, environmental friendliness, and health benefits. This is leading to an increase in demand for bicycle chains.
The growing popularity of cycling as a recreational activity is also driving the demand for bicycle chains. Cycling is a great way to stay fit and healthy and is a low-impact activity that can be enjoyed by people of all ages.
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