Motorcycle Chain Sprocket Market
PUBLISHED: 2024 ID: SMRC25270
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Motorcycle Chain Sprocket Market

Motorcycle Chain Sprocket Market Forecasts to 2030 - Global Analysis By Type (Standard Chain Sprocket, Non-Standard Chain Sprocket and Other Types), Motorcycle Type (Standard, Cruiser, Sports, Mopeds and Other Motorcycle Types), Chain Type (Standard Rolling Chain, O Ring Chain, X Ring Chain and Other Chain Types), Material, Engine Capacity, Sales Channel and by Geography

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4.7 (31 reviews)
Published: 2024 ID: SMRC25270

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Motorcycle Chain Sprocket Market is accounted for $2336.73 million in 2023 and is expected to reach $4190.01 million by 2030 growing at a CAGR of 8.7% during the forecast period. A motorcycle's drivetrain system relies heavily on the chain sprocket, which transmits power from the engine to the rear wheel. Usually made up of two main components, the rear sprocket is mounted on the rear wheel of the motorcycle, and the front sprocket is attached to the engine output shaft; they are joined by a sturdy chain, the final drive ratio of the motorcycle is determined by how these parts interact, which affects acceleration, top speed, and overall performance. 

According to the Motorcycle Industry Council, the proper maintenance of motorcycle chain sprockets is crucial for ensuring rider safety, prolonging the lifespan of the drivetrain components, and optimizing overall motorcycle performance.

Market Dynamics: 

Driver: 

Demand for motorcycles worldwide

The growing global demand for motorcycles has a significant impact on the motorcycle chain sprocket market. This boom, which is more noticeable in developing nations, is caused by a number of factors, including rising disposable incomes, accelerating urbanization, and the demand for affordable transportation options. Moreover, as more people choose to ride motorcycles, there is a corresponding increase in demand for related parts, such as chain sprockets.

Restraint:

Increasing prices for raw materials

One of the main challenges facing the motorcycle chain sprocket market is the rising cost of raw materials, particularly metals like aluminum and steel. Commodity price fluctuations may have an effect on manufacturing costs, which may then have an effect on the total cost of production for chain sprockets. Additionally, it could be difficult for manufacturers to keep prices competitive while maintaining high-quality materials, which could result in a market where consumers are more sensitive to price.

Opportunity:

Electric motorbikes and eco-friendly transportation

Motorcycle chain sprocket sales have a lot of potential due to the growing popularity of electric motorcycles. As electric bikes become more and more popular, producers have the opportunity to create customized sprockets that meet the particular needs of electric drive trains. Furthermore, this includes factors like decreased noise, increased efficiency, and improved power transfer, which will carve out a specific market for chain sprockets for electric motorcycles.

Threat:

Market saturation and vigorous rivalry

There is a risk of market saturation for motorcycle chain sprockets, especially in developed economies where there may be an abundance of well-established products. Pricing pressure and shrinking profit margins may result from fierce competition among suppliers and manufacturers in a small market. However, to mitigate this risk, businesses must plan to set themselves apart through innovation or market expansion.

Covid-19 Impact: 

The COVID-19 pandemic has caused manufacturing, supply chain, and consumer demand disruptions, which have had a substantial effect on the motorcycle chain sprocket market. Motorcycle sales and production fell as a result of travel restrictions, lockdowns, and unstable economic conditions. Due to difficulties locating components and raw materials, manufacturers' production schedules were delayed. Moreover, the focus of consumer purchases also changed, moving away from non-essential items like recreational vehicles and their parts and toward necessities.

The Standard Chain Sprocket segment is expected to be the largest during the forecast period

The standard chain sprocket segment usually holds the largest share in the market. Commonly found in most two-wheelers, standard chain sprockets are a common feature of mainstream motorcycles and represent the conventional design and specifications. Moreover, these sprockets are widely available and adaptable to a wide range of motorcycle models due to their standard dimensions, tooth configurations, and materials. Because they can take advantage of economies of scale, manufacturers frequently produce standard chain sprockets in large quantities, which helps them maintain their market dominance.

The Aluminium segment is expected to have the highest CAGR during the forecast period

The aluminum segment of the motorcycle chain spurt market is growing at the highest CAGR in the market. The motorcycle industry's growing focus on lightweight materials to improve overall performance and fuel efficiency is credited with this growth. When compared to their traditional steel counterparts, aluminum chain sprockets provide a beneficial balance of strength and decreased weight. The market for aluminum chain sprockets has expanded as riders and manufacturers place a higher value on weight reduction for better handling and efficiency. Additionally, aluminum sprockets are especially common on sport and performance motorcycles, where maximum speed and agility depend on every ounce. 

Region with largest share:

The motorcycle chain boom market is anticipated to hold the largest share in the Asia-Pacific region. Asia-Pacific's dominance is fueled by the strong motorcycling cultures found in places like China, India, and Southeast Asian nations, where motorcycles are common means of transportation. The market for related parts, such as chain sprockets, has been driven by the growing middle class, urbanization, and rising disposable incomes in these areas, which have combined to create a significant demand for motorcycles. Additionally, a strong aftermarket and the existence of major motorcycle manufacturers support the region's sizeable market share. 

Region with highest CAGR:

The motorcycle chain sprocket market is expected to grow at the highest CAGR in the North American region. The region's growth is being driven by a resurgence of interest in motorcycling, which is being fueled by factors like the growing popularity of adventure motorcycles, the growing demand for customization, and a growing recreational biking culture. Because of its developed economy, the North American market offers riders the opportunity to purchase aftermarket upgrades, such as specialty chain sprockets. Furthermore, the need for sophisticated and specialized sprocket solutions is also fueled by the existence of a well-established motorcycle industry and a preference for high-performance, luxury motorcycles.

Key players in the market

Some of the key players in Motorcycle Chain Sprocket market include JT Sprockets, Tsubakimoto Chain Co., Rockman Industries Ltd., Izumi Chain, RK JAPAN Co., Ltd., L.G.Balakrishnan & Bros Ltd, Hengjiu Group, Regina Catene Calibrate Spa and Hangzhou Vision Chain Transmission Co., Ltd.

Key Developments:

In December 2023, L.G.Balakrishnan & Bros Limited approved to enter into a Business Transfer Agreement (BTA) with LGB Forge Limited (LGBFL) to purchase its Pondicherry Plant, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 15 Crores, without values being assigned to individual assets and liabilities, on the terms and conditions more specifically defined in the said agreement.

In March 2019, Rockman Industries, part of the $6 billion (Rs 37,902 crore) Hero Group, has announced that it has acquired a strategic stake in the UK-based carbon-composite manufacturer, MCT Engineering through Moldex Composites. In a bid to be ready with next-generation materials as regulatory norms evolve, in January 2017, Rockman Industries had acquired a majority stake of 51 percent worth Rs 100 crore in carbon composites company Moldex Composites.

Types Covered:
• Standard Chain Sprocket
• Non-Standard Chain Sprocket
• Other Types 
 
Motorcycle Types Covered:
• Standard
• Cruiser
• Sports
• Mopeds 
• Other Motorcycle Types 

Chain Types Covered:
• Standard Rolling Chain
• O Ring Chain
• X Ring Chain
• Other Chain Types 

Materials Covered:
• Steel
• Aluminium
• Other Materials 
 
Engine Capacities Covered:
• Up to 150 CC
• 151-300 CC
• 301-500 CC
• Above 500 CC 

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
              
2 Preface             
 2.1 Abstract            
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology            
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources           
  2.5.2 Secondary Research Sources           
  2.5.3 Assumptions           
              
3 Market Trend Analysis             
 3.1 Introduction            
 3.2 Drivers            
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats            
 3.6 Emerging Markets            
 3.7 Impact of Covid-19            
              
4 Porters Five Force Analysis             
 4.1 Bargaining power of suppliers            
 4.2 Bargaining power of buyers            
 4.3 Threat of substitutes            
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
              
5 Global Motorcycle Chain Sprocket Market, By Type             
 5.1 Introduction            
 5.2 Standard Chain Sprocket            
 5.3 Non-Standard Chain Sprocket            
 5.4 Other Types            
              
6 Global Motorcycle Chain Sprocket Market, By Motorcycle Type             
 6.1 Introduction            
 6.2 Standard            
 6.3 Cruiser            
 6.4 Sports            
 6.5 Mopeds             
 6.6 Other Motorcycle Types            
              
7 Global Motorcycle Chain Sprocket Market, By Chain Type             
 7.1 Introduction            
 7.2 Standard Rolling Chain            
 7.3 O Ring Chain            
 7.4 X Ring Chain            
 7.5 Other Chain Types            
              
8 Global Motorcycle Chain Sprocket Market, By Material             
 8.1 Introduction            
 8.2 Steel            
 8.3 Aluminium            
 8.4 Other Materials            
              
9 Global Motorcycle Chain Sprocket Market, By Engine Capacity             
 9.1 Introduction            
 9.2 Up to 150 CC            
 9.3 151-300 CC            
 9.4 301-500 CC            
 9.5 Above 500 CC            
              
10 Global Motorcycle Chain Sprocket Market, By Sales Channel             
 10.1 Introduction            
 10.2 Original Equipment Manufacturer (OEM)            
 10.3 Aftermarket            
              
11 Global Motorcycle Chain Sprocket Market, By Geography             
 11.1 Introduction            
 11.2 North America            
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe           
 11.4 Asia Pacific            
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand           
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific           
 11.5 South America            
  11.5.1 Argentina           
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America           
 11.6 Middle East & Africa            
  11.6.1 Saudi Arabia           
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa           
  11.6.5 Rest of Middle East & Africa           
              
12 Key Developments             
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures            
 12.2 Acquisitions & Mergers            
 12.3 New Product Launch            
 12.4 Expansions            
 12.5 Other Key Strategies            
              
13 Company Profiling             
 13.1 JT Sprockets             
 13.2 Tsubakimoto Chain Co.            
 13.3 Rockman Industries Ltd.            
 13.4 Izumi Chain            
 13.5 RK JAPAN Co., Ltd.            
 13.6 L.G.Balakrishnan & Bros Ltd            
 13.7 Hengjiu Group             
 13.8 Regina Catene Calibrate Spa             
 13.9 Hangzhou Vision Chain Transmission Co., Ltd.             
              
List of Tables              
1 Global Motorcycle Chain Sprocket Market Outlook, By Region (2021-2030) ($MN)             
2 Global Motorcycle Chain Sprocket Market Outlook, By Type (2021-2030) ($MN)             
3 Global Motorcycle Chain Sprocket Market Outlook, By Standard Chain Sprocket (2021-2030) ($MN)             
4 Global Motorcycle Chain Sprocket Market Outlook, By Non-Standard Chain Sprocket (2021-2030) ($MN)             
5 Global Motorcycle Chain Sprocket Market Outlook, By Other Types (2021-2030) ($MN)             
6 Global Motorcycle Chain Sprocket Market Outlook, By Motorcycle Type (2021-2030) ($MN)             
7 Global Motorcycle Chain Sprocket Market Outlook, By Standard (2021-2030) ($MN)             
8 Global Motorcycle Chain Sprocket Market Outlook, By Cruiser (2021-2030) ($MN)             
9 Global Motorcycle Chain Sprocket Market Outlook, By Sports (2021-2030) ($MN)             
10 Global Motorcycle Chain Sprocket Market Outlook, By Mopeds (2021-2030) ($MN)             
11 Global Motorcycle Chain Sprocket Market Outlook, By Other Motorcycle Types (2021-2030) ($MN)             
12 Global Motorcycle Chain Sprocket Market Outlook, By Chain Type (2021-2030) ($MN)             
13 Global Motorcycle Chain Sprocket Market Outlook, By Standard Rolling Chain (2021-2030) ($MN)             
14 Global Motorcycle Chain Sprocket Market Outlook, By O Ring Chain (2021-2030) ($MN)             
15 Global Motorcycle Chain Sprocket Market Outlook, By X Ring Chain (2021-2030) ($MN)             
16 Global Motorcycle Chain Sprocket Market Outlook, By Other Chain Types (2021-2030) ($MN)             
17 Global Motorcycle Chain Sprocket Market Outlook, By Material (2021-2030) ($MN)             
18 Global Motorcycle Chain Sprocket Market Outlook, By Steel (2021-2030) ($MN)             
19 Global Motorcycle Chain Sprocket Market Outlook, By Aluminium (2021-2030) ($MN)             
20 Global Motorcycle Chain Sprocket Market Outlook, By Other Materials (2021-2030) ($MN)             
21 Global Motorcycle Chain Sprocket Market Outlook, By Engine Capacity (2021-2030) ($MN)             
22 Global Motorcycle Chain Sprocket Market Outlook, By Up to 150 CC (2021-2030) ($MN)             
23 Global Motorcycle Chain Sprocket Market Outlook, By 151-300 CC (2021-2030) ($MN)             
24 Global Motorcycle Chain Sprocket Market Outlook, By 301-500 CC (2021-2030) ($MN)             
25 Global Motorcycle Chain Sprocket Market Outlook, By Above 500 CC (2021-2030) ($MN)             
26 Global Motorcycle Chain Sprocket Market Outlook, By Sales Channel (2021-2030) ($MN)             
27 Global Motorcycle Chain Sprocket Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)             
28 Global Motorcycle Chain Sprocket Market Outlook, By Aftermarket (2021-2030) ($MN)             
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.              

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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