Report Code: CMI45544

Published Date: April 2024

Pages: 320+

Category: Automotive

Report Snapshot

CAGR: 5.7%
3.5B
2023
3.8B
2024
6.4B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • I.D. Corporation
  • RK Takasago Chain Co. Ltd.
  • Tsubakimoto Chain Co.
  • Regina Catene Calibrate S.p.A.
  • Enuma Chain Manufacturing Co. Ltd.
  • Others

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Reports Description

Global Motorcycle Chains Market was valued at USD 3.8 Billion in 2024 and is expected to reach USD 6.4 Billion by 2033, at a CAGR of 5.7% during the forecast period 2024 – 2033.

A motorcycle chain is a crucial component of motorcycles equipped with chain-driven transmissions. It consists of a series of interconnected metal links that transfer power from the engine to the rear wheel. The chain is typically looped around sprockets located on the motorcycle’s engine output shaft and rear wheel hub.

Motorcycle Chains Market: Growth Factors

Growing popularity of off-road motorcycles

The growing popularity of off-road motorcycles significantly impacts the motorcycle chain market due to the specialized requirements of off-road riding. Off-road motorcycles are subjected to harsher conditions compared to their on-road counterparts, including rough terrain, mud, sand, and frequent acceleration and deceleration.

As a result, off-road riders often demand durable and high-performance chains capable of withstanding these challenging environments. Manufacturers respond by developing chains specifically designed for off-road use, utilizing materials and designs that enhance durability, strength, and resistance to debris and moisture.

The increasing adoption of off-road motorcycles, fuelled by the thrill of adventure riding and recreational activities, drives demand for these specialized chains. Consequently, manufacturers and suppliers catering to the off-road segment experience growth opportunities within the motorcycle chain market as riders seek reliable components to enhance their off-road experiences. For instance, in November 2023, QJ Motor launched two electric off-road motorcycles and used traditional gasoline-powered engines.

Growing traffic congestion is fuelling demand for motorcycles further propels the chain industry

Growing traffic congestion in urban areas is a significant driver fuelling demand for motorcycles, consequently propelling the motorcycle chain industry forward. As traffic congestion worsens, individuals seek alternative modes of transportation that offer greater efficiency in navigating crowded roads.

Motorcycles provide a convenient solution, allowing riders to bypass traffic jams and reach their destinations more quickly. This increased reliance on motorcycles as a primary mode of transportation leads to higher sales of motorcycles, consequently driving the demand for motorcycle chains.

As more motorcycles are sold and used in congested urban environments, the need for durable and reliable chains becomes paramount, spurring growth in the motorcycle chain market as manufacturers strive to meet the increased demand for high-quality chains that can withstand the rigours of daily commuting. For instance, in February 2023, according to the TomTom Traffic Index, Pune city has been positioned as the sixth most congested city out of a total of 389 cities spanning 56 countries globally.

Motorcycle Chains Market: Restraints

Growing adoption of EV bikes hinder motorcycles chain market

The growing adoption of electric vehicle (EV) bikes presents a potential hindrance to the motorcycle chain market. EV bikes, powered by electric motors, eliminate the need for traditional chain-driven transmissions found in internal combustion engine motorcycles.

As more consumers opt for EV bikes due to environmental concerns, government incentives, and advancements in battery technology, the demand for chain-driven motorcycles may decline. This shift in consumer preference towards EV bikes could lead to a decrease in the overall demand for motorcycle chains, impacting manufacturers and suppliers in the chain industry.

Additionally, EV bikes often require less maintenance compared to traditional motorcycles, further reducing the replacement demand for chains. To mitigate this challenge, motorcycle chain manufacturers may need to diversify their product offerings, innovate in chain technology, and explore opportunities in other sectors such as electric bicycles or industrial applications.

Global Motorcycle Chains Market 2024–2033 (By Sales Channel)

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Motorcycle Chains Market: Opportunities

Advancements in technology led to development of advanced and high-performance motorcycle chains

Continual advancements in technology played a pivotal role in driving the development of advanced and high-performance motorcycle chains. Innovations in materials science, manufacturing processes, and design engineering have enabled the creation of chains that are lighter, stronger, and more durable than ever before. Advanced materials such as high-strength alloys and coatings enhance the strength and wear resistance of chains, while precision manufacturing techniques ensure tight tolerances and smooth operation.

Additionally, advancements in lubrication technology have led to the development of low-friction coatings and sealants, reducing wear and extending chain life. These technological advancements not only improve the performance and reliability of motorcycle chains but also contribute to increased fuel efficiency and reduced maintenance requirements, thereby meeting the evolving demands of motorcycle riders and driving growth in the high-performance motorcycle chain market. For instance, in November 2022, BMW Motorrad launched the M-Endurance motorcycle chain, a revolutionary product that eliminates the need for lubrication and maintenance.

Global Motorcycle Chains Market 2024–2033 (By Chain Type)

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Motorcycle Chains Market: Segmentation Analysis

Motorcycle Chains market is segmented by chain type, motorcycle type, sales channel, and region.  Based on type, the market is classified into standard ring chain, o-ring chain and x-ring chain. O-ring chains dominated the market in 2022 with a market share of 50% and are expected to keep their dominance during the forecast period 2024-2032. The introduction of O-ring chains has significantly influenced the motorcycle chain market.

The O-rings reduce friction and wear by keeping lubricant in place, enhancing the chain’s durability and lifespan. Secondly, they offer better resistance to dirt, moisture, and contaminants, thereby requiring less frequent maintenance compared to traditional chains. Additionally, O-ring chains operate quieter and smoother, contributing to improved rider experience.

These benefits have led to a growing preference for O-ring chains among motorcycle enthusiasts, driving market demand. Manufacturers continue to innovate and refine O-ring chain technology, further solidifying its position as a dominant player in the motorcycle chain market.

Based on motorcycle type, the market is classified into standard, cruiser, sports, mopeds and others. The standard motorcycle segment dominated the market in 2022 with a market share of 70% and is expected to keep its dominance during the forecast period 2024-2032.

The standard motorcycle type plays a pivotal role in driving the motorcycle chain market due to its widespread popularity and usage. Standard motorcycles, characterized by their versatile design and moderate engine displacement, are favoured by a broad spectrum of riders for daily commuting, leisure riding, and long-distance travel. Standard motorcycles typically utilize chain-driven transmissions due to their simplicity, cost-effectiveness, and efficiency in power transfer.

Therefore, the steady demand for standard motorcycles directly translates into a continuous need for high-quality chains. Manufacturers and suppliers in the motorcycle chain market closely align their production and innovation efforts with the requirements of standard motorcycles, ensuring that they meet the performance and durability expectations of riders, thus driving growth in the motorcycle chain industry.

Based on sales channels, the market is classified into OEM and aftermarket. The OEM segment dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032. OEMs directly supply chains to motorcycle manufacturers for installation in new motorcycles during the production process. As motorcycle production increases, so does the demand for chains.

OEMs often establish long-term partnerships with chain manufacturers, ensuring a steady demand for their products. Additionally, OEM sales channels provide manufacturers with access to a broad distribution network, enabling them to reach a wide range of motorcycle manufacturers globally. This direct relationship between chain manufacturers and OEMs creates a significant driver for the motorcycle chain market growth.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 3.8 Billion
Projected Market Size in 2033 USD 6.4 Billion
Market Size in 2023 USD 3.5 Billion
CAGR Growth Rate 5.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Chain Type, Motorcycle Type, Sales Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Motorcycle Chains Market: Regional Analysis

By region, Motorcycle Chains market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia Pacific dominated the global motorcycle chains market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

The Asia-Pacific region serves as a significant driver for the motorcycle chains market due to several key factors. Firstly, the region’s large population, rapid urbanization, and expanding middle class contribute to robust demand for motorcycles as a primary mode of transportation, particularly in densely populated urban areas where traffic congestion is prevalent.

Additionally, the flourishing economies in countries like China, India, and Southeast Asian nations foster a thriving motorcycle industry, generating substantial demand for motorcycle chains. Moreover, the region’s extensive manufacturing capabilities, including a vast network of chain producers and suppliers, ensure a steady supply of chains to meet the growing market demand.

Furthermore, innovations in chain technology and increasing investments in infrastructure further propel market growth in the Asia-Pacific region, making it a pivotal driver for the motorcycle chains market on a global scale.

Global Motorcycle Chains Market 2024–2033 (By Billion)

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Motorcycle Chains Market: Recent Developments

  • In July 2023, Makino Automotive and Japan’s RK Takasago entered into a technical collaboration to develop standard and heavy-duty chains. As part of this partnership, the two companies have introduced a new motorcycle chain specifically tailored for the Indian market. The Makino RK chain offers superior endurance, safety, durability, and performance, meeting the demands of riders in India.
  • In March 2022, BMW launched a new diamond motorcycle chain which doesn’t need lube, owing to the new material tetrahedrally amorphous carbon used by the BMW motorcycle chain also known as industrial diamond.
  • In September 2022, EK Chain Co, Ltd launched the SRO series chain to provide a cost-effective O-ring chain option without sacrificing quality or durability.

List of the prominent players in the Motorcycle Chains Market:

  • I.D. Corporation
  • RK Takasago Chain Co. Ltd.
  • Tsubakimoto Chain Co.
  • Regina Catene Calibrate S.p.A.
  • Enuma Chain Manufacturing Co. Ltd.
  • JT Sprockets
  • Renthal Ltd.
  • EK Chain Co. Ltd.
  • Sunstar Engineering Americas Inc.
  • Morse Industrial Corporation
  • BorgWarner Morse TEC
  • Sedis
  • Renold plc
  • Silcoms Limited
  • TSUBAKI KABELSCHLEPP GmbH
  • ZF Friedrichshafen AG
  • Hitachi Metals Ltd.
  • KettenWulf Betriebs GmbH
  • HKK Chain Corporation
  • KOBO Chains
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Motorcycle Chains Market is segmented as follows:

By Chain Type

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

By Motorcycle Type

  • Standard
  • Cruiser
  • Sports
  • Mopeds
  • Others

By Sales Channel

  • OEM
  • Aftermarket

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Motorcycle Chains Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Motorcycle Chains Market: snapshot
  • Chapter 3. Global Motorcycle Chains Market – Industry Analysis
    • 3.1 Motorcycle Chains Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing popularity of off-road motorcycles
      • 3.2.2 Growing traffic congestion is fuelling demand for motorcycles further propels the chain industry
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Chain Type
      • 3.7.2 Market Attractiveness Analysis By Motorcycle Type
      • 3.7.3 Market Attractiveness Analysis By Sales Channel
  • Chapter 4. Global Motorcycle Chains Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Motorcycle Chains Market: Company Market Share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Motorcycle Chains Market – Chain Type Analysis
    • 5.1 Global Motorcycle Chains Market Overview: By Chain Type
      • 5.1.1 Global Motorcycle Chains Market Share, By Chain Type, 2023 and 2033
    • 5.2 Standard Ring Chain
      • 5.2.1 Global Motorcycle Chains Market by Standard Ring Chain, 2024 – 2033 (USD Billion)
    • 5.3 O-Ring Chain
      • 5.3.1 Global Motorcycle Chains Market by O-Ring Chain, 2024 – 2033 (USD Billion)
    • 5.4 X-Ring Chain
      • 5.4.1 Global Motorcycle Chains Market by X-Ring Chain, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Motorcycle Chains Market – Motorcycle Type Analysis
    • 6.1 Global Motorcycle Chains Market Overview: By Motorcycle Type
      • 6.1.1 Global Motorcycle Chains Market Share, By Motorcycle Type, 2023 and 2033
    • 6.2 Standard
      • 6.2.1 Global Motorcycle Chains Market by Standard, 2024 – 2033 (USD Billion)
    • 6.3 Cruiser
      • 6.3.1 Global Motorcycle Chains Market by Cruiser, 2024 – 2033 (USD Billion)
    • 6.4 Sports
      • 6.4.1 Global Motorcycle Chains Market by Sports, 2024 – 2033 (USD Billion)
    • 6.5 Mopeds
      • 6.5.1 Global Motorcycle Chains Market by Mopeds, 2024 – 2033 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Motorcycle Chains Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Motorcycle Chains Market – Sales Channel Analysis
    • 7.1 Global Motorcycle Chains Market Overview: By Sales Channel
      • 7.1.1 Global Motorcycle Chains Market Share, By Sales Channel, 2023 and 2033
    • 7.2 OEM
      • 7.2.1 Global Motorcycle Chains Market by OEM, 2024 – 2033 (USD Billion)
    • 7.3 Aftermarket
      • 7.3.1 Global Motorcycle Chains Market by Aftermarket, 2024 – 2033 (USD Billion)
  • Chapter 8. Motorcycle Chains Market – Regional Analysis
    • 8.1 Global Motorcycle Chains Market Regional Overview
    • 8.2 Global Motorcycle Chains Market Share, by Region, 2023 & 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Motorcycle Chains Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Motorcycle Chains Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Motorcycle Chains Market, by Chain Type, 2024 – 2033
      • 8.4.1 North America Motorcycle Chains Market, by Chain Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033
      • 8.5.1 North America Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033 (USD Billion)
    • 8.6 North America Motorcycle Chains Market, by Sales Channel, 2024 – 2033
      • 8.6.1 North America Motorcycle Chains Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Motorcycle Chains Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Motorcycle Chains Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Motorcycle Chains Market, by Chain Type, 2024 – 2033
      • 8.8.1 Europe Motorcycle Chains Market, by Chain Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033
      • 8.9.1 Europe Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033 (USD Billion)
    • 8.10 Europe Motorcycle Chains Market, by Sales Channel, 2024 – 2033
      • 8.10.1 Europe Motorcycle Chains Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Motorcycle Chains Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Motorcycle Chains Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Motorcycle Chains Market, by Chain Type, 2024 – 2033
      • 8.12.1 Asia Pacific Motorcycle Chains Market, by Chain Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033
      • 8.13.1 Asia Pacific Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Motorcycle Chains Market, by Sales Channel, 2024 – 2033
      • 8.14.1 Asia Pacific Motorcycle Chains Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Motorcycle Chains Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Motorcycle Chains Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Motorcycle Chains Market, by Chain Type, 2024 – 2033
      • 8.16.1 Latin America Motorcycle Chains Market, by Chain Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033
      • 8.17.1 Latin America Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Motorcycle Chains Market, by Sales Channel, 2024 – 2033
      • 8.18.1 Latin America Motorcycle Chains Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Motorcycle Chains Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Motorcycle Chains Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Motorcycle Chains Market, by Chain Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Motorcycle Chains Market, by Chain Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Motorcycle Chains Market, by Motorcycle Type, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Motorcycle Chains Market, by Sales Channel, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Motorcycle Chains Market, by Sales Channel, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 D.I.D. Corporation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 RK Takasago Chain Co. Ltd.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Tsubakimoto Chain Co.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Regina Catene Calibrate S.p.A.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Enuma Chain Manufacturing Co. Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 JT Sprockets
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Renthal Ltd.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 EK Chain Co. Ltd.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Sunstar Engineering Americas Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Morse Industrial Corporation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 BorgWarner Morse TEC
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Sedis
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Renold plc
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Silcoms Limited
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 TSUBAKI KABELSCHLEPP GmbH
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 ZF Friedrichshafen AG
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Hitachi Metals Ltd.
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 KettenWulf Betriebs GmbH
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 HKK Chain Corporation
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 KOBO Chains
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • I.D. Corporation
  • RK Takasago Chain Co. Ltd.
  • Tsubakimoto Chain Co.
  • Regina Catene Calibrate S.p.A.
  • Enuma Chain Manufacturing Co. Ltd.
  • JT Sprockets
  • Renthal Ltd.
  • EK Chain Co. Ltd.
  • Sunstar Engineering Americas Inc.
  • Morse Industrial Corporation
  • BorgWarner Morse TEC
  • Sedis
  • Renold plc
  • Silcoms Limited
  • TSUBAKI KABELSCHLEPP GmbH
  • ZF Friedrichshafen AG
  • Hitachi Metals Ltd.
  • KettenWulf Betriebs GmbH
  • HKK Chain Corporation
  • KOBO Chains
  • Others

FAQs

The restraints of the Motorcycle Chains market is growing adoption of EV bikes hinder motorcycles chain market.

The major driver for the Motorcycle Chains market is growing popularity of off-road motorcycles and growing traffic congestion is fuelling demand for motorcycles further propels the chain industry.

The “Standard Ring Chain” category dominated the market in 2023.

The key players in the market are D.I.D. Corporation, RK Takasago Chain Co. Ltd., Tsubakimoto Chain Co., Regina Catene Calibrate S.p.A., Enuma Chain Manufacturing Co. Ltd., JT Sprockets, Renthal Ltd., EK Chain Co. Ltd., Sunstar Engineering Americas Inc. , Morse Industrial Corporation, BorgWarner Morse TEC, Sedis, Renold plc, Silcoms Limited, TSUBAKI KABELSCHLEPP GmbH, ZF Friedrichshafen AG, Hitachi Metals Ltd., KettenWulf Betriebs GmbH, HKK Chain Corporation, KOBO Chains, Others.

“Asia-Pacific” had the largest share in the Motorcycle Chains Market.

The global market is projected to grow at a CAGR of 5.7% during the forecast period, 2024-2033.

The Motorcycle Chains Market size was valued at USD 3.8 Billion in 2024.

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