Bicycle Brakes Market Size, Share, Growth, And Industry Analysis, By Type (Disc Brakes, Rim Brakes and Drum Brakes), By Application (Mountain Bicycles, Road Bicycles and Others), Regional Insights, and Forecast To 2032

Updated On: 08 July 2024

Bicycle Brakes Market Report Overview

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The global bicycle brakes market size was USD 803.4 million in 2023 and is projected to touch USD 1164.37 million by 2032, exhibiting a CAGR of 4.2% during the forecast period.

Bicycle brakes are an essential component of a bicycle that allows the rider to slow down or stop the bike safely. They work by creating friction between the brake pads and the bicycle's wheel rims or disc rotors, converting the kinetic energy of the moving bike into heat energy.

This type of rim brake consists of two brake arms attached to a central pivot bolt. When the brake lever is squeezed, the arms move inwards, and the brake pads, which are lined with rubber or another friction material, press against the rim's sides. These brakes are like calliper brakes but have longer brake arms that provide increased leverage for better braking performance. They are commonly found on mountain bikes and hybrid bikes.

COVID-19 Impact: Pandemic Hamper the Demand of Bicycle Brakes to Market Growth

The global Covid-19 pandemic has been unprecedented and staggering, with the bicycle brakes market experiencing Higher than anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has had various impacts on the bicycle industry, including bicycle brakes. During the pandemic, there was a surge in demand for bicycles as people sought alternative modes of transportation and recreational activities while adhering to social distancing guidelines. This increased demand put pressure on the supply chain, including the production and distribution of bicycle components such as brakes. Manufacturers faced challenges in meeting the sudden spike in demand, leading to shortages in some areas.      

Latest Trends

"Disc Brakes Will Increase Market Growth"

 Disc brakes were becoming increasingly popular in the bicycle industry. Originally more common on mountain bikes, they were also being adopted on road bikes and other types of bicycles. Disc brakes offer improved braking performance, especially in wet and muddy conditions, and provide better modulation and control compared to traditional rim brakes.

Bicycle Brakes Market Segmentation

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• By Type Analysis

According to type, the bicycle brakes market can be segmented into disc brakes, rim brakes and drum brakes.

In terms of type, disc brakes type is anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the bicycle brakes market can be mountain bicycles, rode bicycles and others.

In terms of application, the mountain bicycles market is projected to hold a bicycle brakes market share through forecast period.  

Driving Factors

"Increasing Focus on Health and Well-being Will Boost Market Growth "

 There is a growing awareness and prioritization of health and well-being among individuals. People are taking a proactive approach to managing their health, seeking tools and technologies that empower them to monitor and improve their well-being. Smart wellness solutions provide convenient and accessible ways to track, manage, and optimize various aspects of health.

"Technological Advancements Will Fuel Market Growth  "

Advancements in technology drive innovation in bicycle brakes. Manufacturers continually explore new materials, manufacturing processes, and design techniques to improve brake performance and durability. For example, the use of lightweight materials like carbon fiber and advanced alloys can reduce weight while maintaining or improving braking efficiency.

Restraining Factors

"Cost and Affordability Will Limit Market Growth"

The cost of developing and manufacturing advanced bicycle brake systems can be a restraining factor. Incorporating new materials, technologies, and design features into brake components can increase production costs, which may impact the affordability of the final product. Manufacturers need to balance the performance and features of brakes with their cost to make them accessible to a wide range of cyclists.

Bicycle Brakes Market Regional Insights

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"The Europe will Dominate Market Due to Strong Demand of Lightweight Rim Brake Systems "

In Europe Rim brakes, especially caliper brakes, have historically been popular in European cycling culture, particularly in road cycling. Lightweight rim brake systems are favored for their aerodynamics and ease of maintenance. In recent years, disc brakes have gained popularity in Europe, driven by the growth of gravel and adventure cycling, as well as the increasing adoption of disc brakes in professional road racing. Disc brakes offer improved stopping power, modulation, and all-weather performance, making them suitable for diverse terrains and weather conditions.

Disc brakes have gained significant traction in North America across various cycling disciplines. Mountain bikers, commuters, and road cyclists have embraced the benefits of disc brakes, including enhanced stopping power, better modulation, and consistent performance in wet conditions. Hydraulic disc brakes, known for their superior braking feel and power, have a strong presence in North America, particularly among performance-oriented cyclists.

Key Industry Players

"Adoption Recycling Services by Key Players Influencing Market Development"

The top key players in the bicycle brakes market are Shimano, TEKTRO, Magura, Campagnolo, SRAM. Most of the top players hold the bicycle brakes market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the bicycle brakes market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the bicycle brakes market.  

List of Market Players Profiled

• Shimano (Japan)
• TEKTRO (Taiwan)
• Magura (Germany)
• Campagnolo (Italy)
• SRAM (U.S.)
• Promax Components (Taiwan)
• Hayes Performance Systems (U.S.)
• APSE Group (Taiwan)
• Bengal (Taiwan)
• Clarks Cycle Systems (U.S.)
• Hope Tech (UK.)
• Full Speed Ahead (FSA)(Italy)
• Formula (Italy)
• Alligator (Taiwan)
• Cane Creek (U.S.)
• ORIGIN8 (U.S.)

Report Coverage

This report examines an understanding of the bicycle brakes market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.