The chainless bike market is anticipated to grow at a significant CAGR of 6.2% during the forecast period (2022-2028). A chainless bike is one that uses a system other than a metal chain to deliver power to the driven wheel. The major factor contributing to the growth of the market includes the increasing demand and usage of chainless bikes in adventure sports globally. Chainless bikes such as mountain bikes and touring bikes are used for leisure and long-ride purposes.
The global chainless bike market is segmented based on the type and application. Based on the type, the market is sub-segmented into mountain bikes, road bikes, commuter bikes, touring bikes, and others. Based on the application, the market is sub-segmented into personal and sharing services. Among these applications, the personal segment is expected to propel the growth of the market due to the increasing demand for personal chainless bikes for leisure purposes globally.
The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2019, Startup Ceramicspeed launched Driven, the first chainless bicycle, having a transmission system with extremely low friction bearings. Anyone who rides their bike to work plays sports, or just has fun in their spare time fears breaking the chain. The chain is the “heart” of every bike as it permits the power exerted on the pedals to be transmitted to the wheels. As this component is sensitive, repairing (or replacing) it is a pretty difficult procedure that takes time, skill, and a good deal of patience. Driven, the first “exemplar” of a chainless bicycle, was released on the market by the Danish firm Ceramicspeed to relieve bikers of this inconvenient duty. For the two-wheeler industry, this is a true revolution. Driven, unlike regular bikes, has no chain or front derailleur, instead relying on a bearing drive mechanism akin to roller skates. At Eurobike 2018, the global largest trade event for the industry, the first prototype of a chainless bicycle was unveiled. Ceramicspeed has since improved its idea and has begun marketing the product in recent weeks.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Beijing Mobike Technology Co. Ltd., Foshan TDJDC Bicycle Science and Technology Co. Ltd., Dynamic Bicycles, Brikbikes, Beixo, Maruishi Cycle Ltd., and E-Cruiser Bikes, among others.
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Global Chainless Bike Market Report by Segment
By Type
- Mountain Bike
- Road Bike
- Commuter Bike
- Touring Bike
- Others
By Application
- Personal
- Sharing Service
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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