Bicycle Brakes Market
Bicycle Brakes Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Bicycle Brakes Market Size and Growth
The Bicycle Brakes market is experiencing steady growth, driven by increasing cycling popularity and safety concerns. In 2023, the market size is estimated to reach approximately $1.5 billion, with significant demand for innovative braking systems. Key trends include advancements in materials and technology, enhancing performance and rider safety across various cycling segments.
Companies Covered
(Covid 19 Impact Covered)
◍ Shimano
◍ TEKTRO
◍ Magura
◍ Campagnolo
◍ SRAM
◍ Promax Components
◍ Hayes Performance Systems
◍ APSE Group
◍ Bengal
◍ Clarks Cycle Systems
◍ Hope Tech
◍ Full Speed Ahead (FSA)
◍ Formula
◍ Alligator
◍ Cane Creek
◍ ORIGIN8
The Bicycle Brakes Market features key players like Shimano, TEKTRO, and SRAM, which innovate and expand product lines. Companies enhance performance and safety, driving market growth through technology. Sales figures reveal robust revenue streams: Shimano –$3 billion; SRAM – $1 billion; Hayes – $500 million; Magura – $300 million.
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Market Segmentation
By Application
Mountain Bicycles
Road Bicycles
Others
By Product
◍ Disc Brakes
Rim Brakes
Drum Brakes
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Market Growth
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$ X Billion USD
