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The motorcycle chains market size is forecast to increase by USD 1.16 billion at a CAGR of 6.73% between 2023 and 2028.
The motorcycle chains industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The oem segment is estimated to witness significant growth during the forecast period.
The market encompasses various types of chains, including O-ring, X-ring, Z-ring, nickel-plated, and stainless steel chains, among others. These chains serve essential functions in motorcycle drivetrains, such as chain drive, chain tension, and chain lubrication. OEMs are significant buyers in the market, procuring chains for new motorcycle models, thereby driving market growth. Motorcycle customization trends, including performance upgrades and motorcycle types like superbikes, cruisers, motocross, and enduro, fuel the demand for diverse chain types. Motorcycle chains are integral to motorcycle maintenance, with regular cleaning, lubrication, and replacement crucial for optimal performance and longevity.
The market also caters to aftermarket parts, offering chain maintenance kits, cleaning kits, and chain tools. The increasing popularity of motorcycles for daily commuting and long-distance travel further boosts the market's expansion.
The OEM segment was valued at USD 1.93 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 61% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In the dynamic motorcycle industry, various components play integral roles in enhancing performance and durability. Motorcycle chains, including O-ring, X-ring, stainless steel, nickel-plated, and high-strength varieties, are essential for optimal chain drive functionality. These chains are subjected to continuous wear and require regular maintenance, such as chain cleaning, lubrication, and adjustment, using specialized tools and kits. The APAC region, led by economies like China, India, and Indonesia, dominates the global two-wheeler market. Motorcycles, popular for their affordability and ease of use, cater to various segments, including daily commuters, touring motorcycles, and performance or sports motorcycles.
In 2023, China, Japan, and South Korea were significant contributors to the market in APAC. Motorcycle customization trends continue to evolve, with an increasing focus on high-performance chains, chain lubrication systems, and chain wear indicators. Sealed chains and performance upgrades, such as superbike chains and cruisers chains, cater to the demands of different riding styles, from motocross to enduro and street riding. Furthermore, chain maintenance is crucial for fuel efficiency and longevity. Chain pitch, width, and tension are essential factors that influence the performance and lifespan of motorcycle chains. OEM chains and aftermarket parts offer various solutions to cater to diverse motorcycle models and preferences.
In summary, the market in APAC is driven by the region's dominant two-wheeler industry, the growing demand for performance upgrades, and the importance of regular maintenance for optimal chain functionality.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The motorcycle chains market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motorcycle chains market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, motorcycle chains market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Daido Steel Co. Ltd. - DID, a subsidiary of DAIDO KOGYO Co. Ltd., delivers motorcycle chains, encompassing drive chains and timing chains, engineered for superior wear resistance, enhanced fatigue strength, unparalleled quietness, and robust impact toughness under its esteemed brand. These chains cater to the global market, ensuring optimal performance and durability for motorcycle manufacturers and riders alike.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of products designed to facilitate the transmission of power from the engine to the rear wheel. This market caters to various motorcycle segments, including performance motorcycles, touring bikes, off-road motorcycles, and cruisers. O-ring chains, a popular choice in the market, offer enhanced performance and durability by minimizing the loss of lubrication. Chain wear monitoring systems enable riders to maintain optimal chain condition, ensuring efficient power transfer and reducing the likelihood of costly repairs. Chain sprockets, an essential component of the chain drive system, undergo constant wear and require periodic replacement.
The market offers various chain lengths to cater to different motorcycle models and applications. Proper chain adjustment is crucial to ensure efficient power transfer and minimize wear on other drivetrain components. Sealed chains, a recent innovation, offer improved protection against contaminants, extending the chain's lifespan and reducing maintenance requirements. Stainless steel chains provide increased strength and durability, making them a popular choice for high-performance motorcycles. Chain tensioners facilitate the proper tensioning of the chain, ensuring optimal performance and reducing the need for frequent adjustments. Performance upgrades, such as high-strength chains, x-ring chains, and z-ring chains, cater to the demand for enhanced power delivery and improved fuel efficiency.
Motorcycle customization trends have led to an increased focus on chain drive components, with nickel-plated chains and gold chains offering aesthetic appeal. Chain lubrication systems and chain cleaning kits ensure the longevity of the chain and improve overall motorcycle performance. Chain maintenance kits, chain cleaning kits, and chain maintenance tools cater to the growing demand for DIY motorcycle maintenance. Touring chains, motocross chains, enduro chains, and cruisers chains each have unique requirements, making for a diverse product offering. Chain guides, chain rollers, and aftermarket parts cater to the demand for customization and performance upgrades. The market's evolution reflects the changing needs of motorcycle riders, with a focus on improved performance, durability, and ease of maintenance.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Motorcycle Chains Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.73% |
Market growth 2024-2028 |
USD 1162.44 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Key countries |
US, China, India, Thailand, and Indonesia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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