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Motorcycle Chain Market

Motorcycle Chain Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Market Insights on Motorcycle Chain covering sales outlook, demand forecast & up-to-date key trends

Motorcycle Chain Market Overview

According to the latest study, motorcycle chain market is expected to grow steadily at a CAGR of 5%-7% between 2021 and 2031. The superior fuel efficiency of motorcycles compared to four-wheelers, as well as the low cost of maintenance, and the growing popularity of high-speed motorcycles are important factors in the expansion of the motorcycle chain sales.

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What is Driving Demand for Motorcycle Chain?

Motorcycle chains are used to transmit power from the engine to the rear wheel. The motorcycle is driven by the motor drive chain, which is attached to a sprocket with a rear wheel. Depending on the model of motorcycle, different chains are offered.

One of the important trends that will contribute to the market growth is the usage of stainless chains for optimal efficiency and performance. For motorcycles, stainless chains provide enhanced efficiency and maximum drive performance.

Stainless chains are appropriate in situations where maintenance, as well as safety and consistency, are important. Stainless steel chains will be in high demand throughout the projected period due to features such as lesser need for re-lubrication, chemical resistance, and long service life.

Growing traffic congestion is fueling demand for motorcycles, which is propelling the chain industry forward. The necessity for motorcycle maintenance leads to the replacement of the chain, which is fueling the demand.

The trend of using motorbikes for recreational activities is increasing popularity in the Asia Pacific region as a result of the growing prosperous population and changing demographic perspective, which will raise demand for motorcycle chain.

Motorcycle chain have a lifespan that is determined by the driving conditions. These chains last for 25,000 to 30,000 miles, in favorable driving conditions. However, frequent maintenance is required, such as service and oiling.

On the other hand, in poor road conditions, the overall operational life of motorcycle chain is significantly reduced, necessitating regular repair. As a result, poor road conditions have the potential to raise the aftermarket segment in the global market.

US and Canada Demand Outlook of Motorcycle Chain

Manufacturers are concentrating their efforts in the US. In the US, high demand for a wide range of motorcycles such as sports, touring, cruising and others is fueling the growth of the market. North America will showcase a positive growth rate over the forecasted period.

The leading chain manufacturers in the US are primarily focusing on design as their primary business strategy, offering a diverse selection of chains to grab maximum market share.

Many people in Canada and the US, are actively participating in recreational activities, such as country wide riding, motorcycle touring, and motorcycle exhibitions especially with high engine capacity motorcycles. In the motorcycle chain market, this trend of recreational activities is boosting demand for X-ring and O-ring type chains.

Riders are also concentrating on purchasing and maintaining high-end motorcycles, which will push the market even more.

Nikhil Kaitwade
Principal Consultant
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Europe Motorcycle Chain Sales Outlook

Europe is the second largest market for motorcycle in the world and it is expected to witness steady growth till 2031. France is forecasted to be the leader in the chain sales in Europe followed by Italy, Spain and Germany.

Europe continues to meet America's need for high-end recreational motorcycles and its components, and they're doing so with smarter, faster, and better-made motorcycles and components than ever before, owing to wise leadership at Europe's largest companies. It's also worth mentioning that, even though Japanese manufacturers have shifted their focused on the mass market, European manufacturers have shifted their focused on premium goods.

Who are the Key Manufacturers and Suppliers of Motorcycle Chain?

Some of the leading manufacturers and suppliers include

  • Daido Kogyo Co., Ltd. (D.I.D)
  • Renthal Ltd
  • RK Japan
  • Tsubakimoto Chain Co.
  • Sunstar Engineering America
  • Regina Catene Calibrate S.p.A
  • Rockman
  • Rombo
  • BikeMaster
  • Enuma Chain Mfg. Co., Ltd.
  • Thai Motor Chain Co., Ltd. (Daiichi)
  • Vortex Racing
  • Hangzhou Unibear Holding Group Co. Ltd

Despite the presence of a small number of key vendors in this market, the level of rivalry among these competitors is fierce. Few of these companies have long-term connections with OEMs, and they specialize in supplying chains for motorcycles, industrial and agricultural machinery, automobiles, and bicycles.

These companies have also started to collaborate with other companies for expansion. For instance, in December 2020, Daido and iwis formed a joint venture to start a new manufacturing unit in Kentucky, USA for production of engine chains.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Chain Type:

  • Standard Ring Chain
  • O-ring Chain
  • X-ring Chain

By Motorcycle Type:

  • Standard
  • Sports
  • Touring
  • Cruiser
  • Off-road
  • Others

By Engine Capacity:

  • Up to 150 CC
  • 150-300 CC
  • 300-500 CC
  • Above 500 CC

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia)
  • South Asia & Pacific (India, ASEAN, Rest of South Asia)
  • East Asia (China , Japan, South Korea)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Motorcycle Chain Market