Bike Brakes Market Report 2024 (Global Edition)

Global Bike Brakes Market Report 2024 Market Size Split by Type (Motorcycle, Scooter, Moped, Electric Two-Wheeler), by Friction Product (Disc, Drum, ABS), by Demand (OEM, Replacement)

Bike Brakes Market Report Description

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Competitive Landscape of the Bike brakes Market

In the competitive landscape of the bike brakes market, various manufacturers vie for market share through innovation and quality. Companies develop diverse braking solutions, including rim brakes, disc brakes, and hydraulic systems, to cater to different consumer needs. Intense competition drives continuous advancements in brake technologies, ensuring a wide range of options for cyclists worldwide.

 

Top Companies Market Share in Bike Brakes Industry: (In no particular order of Rank)

• Shimano
• SRAM
• Magura
• Hope
• Formula
• TRP
• Bengal
• TEKTRO
• Hayes Performance Systems
• Clarks Cycle Systems
• Full Speed Ahead (FSA)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Bike Brakes Market

Which Region Dominates the Bike Brakes Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America held a significant share in the bike brakes market driven by the region's robust cycling culture, increasing adoption of cycling for recreational and commuting purposes, and growing emphasis on bike safety standards. With a large population of cycling enthusiasts and a well-established infrastructure for biking, North America remained a key market for bike brakes. Moreover, innovations in brake technologies and the presence of major players in the region further contributed to North America's dominance in the bike brakes market.

Which Region is Expanding at the Fastest CAGR?

In the bike brakes market, the Asia Pacific region emerged as the fastest-growing segment. Factors such as rising urbanization, increasing disposable income, and a growing emphasis on health and fitness have fueled the demand for bicycles in the region. Additionally, government initiatives promoting cycling infrastructure and sustainable transportation have further accelerated market growth. The Asia Pacific market's rapid expansion is also attributed to the increasing popularity of electric bikes, driving the demand for advanced braking systems to ensure safety and performance in diverse riding conditions.

 

The current report Scope analyzes Bike Brakes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Bike Brakes

According to Cognitive Market Research, the global bike brakes market size was estimated at USD 958.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 383.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. North America commands a significant share of the bike brakes market, attributed to the region's strong cycling culture, infrastructure, and high disposable income levels. Factors such as increasing urbanization, rising awareness about health and fitness, and government initiatives promoting cycling contribute to the region's dominance. Moreover, technological advancements and a preference for premium bike components further bolster North America's major share in the market. Segmentation analysis further highlights that the North American bike brake market sees disc brakes surging in popularity, driven by e-bikes and demand for better stopping power. In conclusion, North America's prominent position in the bike brakes market is bolstered by its robust cycling culture, supportive infrastructure, and economic factors, solidifying its role as a key market player. According to Cognitive Market Research, the US had a major share in the bike brakes market with a market size of USD 302.41 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US commands a major share of the bike brakes market due to its large population of cyclists, robust cycling culture, and demand for high-quality braking systems. The Canadian bike brakes market had a market share of USD 45.99 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In Canada, the bike brakes market is experiencing rapid growth, fueled by increasing interest in cycling and demand for advanced braking systems. The Mexico bike brakes market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 34.88 million in 2024.

Europe Bike Brakes

According to Cognitive Market Research, the global bike brakes market size was estimated at USD 958.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 287.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. In Europe, the bike brakes market is experiencing significant growth. Factors driving this expansion include increasing urbanization, rising environmental awareness, and a growing emphasis on health and fitness. Additionally, government initiatives promoting cycling infrastructure and sustainable transportation contribute to the market's growth trajectory. Segmentation analysis further highlights that Europe's bike brake market sees disc brakes leading growth, driven by e-bikes and rising demand for performance. Drum brakes hold the current majority, but replacements for both types fuel a thriving aftermarket. In conclusion, Europe's burgeoning bike brake market is propelled by urbanization, environmental consciousness, and health trends, supported by government initiatives. This growth signifies a promising future for bicycle braking systems in the region. The United Kingdom's bike brakes market had a market share of USD 48.29 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The UK holds the largest share due to a combination of strong cycling culture, safety regulations, and technological advancements. The French bike brakes market is projected to grow at a CAGR of 4.7% during the forecast period, reaching a market size of USD 26.45 million in 2024. According to Cognitive Market Research, the German bike brakes market was valued at USD 56.92 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Germany's growing share in the bike brakes market is attributed to its robust cycling culture and emphasis on quality engineering. The Italy bike brakes market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 24.72 million in 2024. The Russian bike brakes market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 44.56 million in 2024. The Spanish bike brakes market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 23.57 million in 2024. The Luxembourg bike brakes market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 8.91 million in 2024. The Portugal bike brakes market is projected to grow at a CAGR of 5.3% during the forecast period, reaching a market size of USD 6.04 million in 2024. The Greece bike brakes market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 3.45 million in 2024. The rest of Europe's bike brakes market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 44.56 million in 2024. .

Asia Pacific Bike Brakes

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According to Cognitive Market Research, the global Bike brakes market size was estimated at USD 958.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 220.39 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031. In the bike brakes market, the Asia Pacific region is experiencing a growing share. Factors such as increasing urbanization, rising disposable incomes, and a burgeoning interest in recreational and fitness activities are driving this growth. Additionally, government initiatives promoting cycling as a sustainable mode of transportation further contribute to the expansion of the bike brakes market in the Asia Pacific region. Segmentation analysis exposes that the Asia Pacific bike brake market is thriving, driven by a surge in cycling popularity and electric bike adoption. Disc brakes lead the fastest-growing segment due to superior performance, while the replacement market is poised for significant growth as more people cycle and upgrade their brakes. In conclusion, the Asia Pacific region's expanding share in the bike brakes market reflects growing urbanization, rising incomes, and governmental support for cycling, signaling a promising future for industry stakeholders. According to Cognitive Market Research, the China bike brakes market size was valued at USD 99.17 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. China's growing demand for bikes contributes significantly to the expansion of the bike brakes market, driven by urbanization, fitness trends, and increasing environmental concerns. The Japan bike brakes market is projected to grow at a CAGR of 7.5% during the forecast period, reaching a market size of USD 30.41 million in 2024. The Indian bike brakes market had a market share of USD 26.45 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India witnessed a growing sale in the bike brakes market due to increasing urbanization, rising disposable incomes, and a surge in the adoption of bicycles for commuting and recreational purposes. The South Korean bike brakes market is projected to grow at a CAGR of 8.1% during the forecast period, reaching a market size of USD 22.04 million in 2024. The Australian bike brakes market is projected to grow at a CAGR of 8.7% during the forecast period, reaching a market size of USD 11.46 million in 2024. The Southeast Asia bike brakes market is projected to grow at a CAGR of 10.0% during the forecast period, reaching a market size of USD 15.21 million in 2024. The Rest of the Asia Pacific bike brakes market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 15.65 million in 2024. .

South America Bike Brakes

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According to Cognitive Market Research, the global bike brakes market size was estimated at USD 958.2 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 47.91 million in 2024. It will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. In Latin America, the sale of bike brakes has seen significant growth, driven by factors such as increasing urbanization, rising awareness of health and environmental concerns, and government initiatives promoting cycling infrastructure. As more people turn to cycling as a mode of transportation and recreation, the demand for reliable and efficient bike brakes continues to rise in the region. Segmentation analysis reveals that Latin America's bike brake market sees disc brakes gaining power, especially for e-bikes. In contrast, drum brakes hold the current majority due to cost-effectiveness on common bicycles. The replacement market is expected to grow rapidly due to rising bike ridership and e-bike adoption. In conclusion, Latin America's burgeoning bike brakes market reflects a growing embrace of cycling and underscores the importance of reliable braking systems. According to Cognitive Market Research, the Brazil bike brakes market size was valued at USD 20.51 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Brazil's increasing demand for bikes contributes to the growth of the bike brakes market as consumers seek reliable braking systems for transportation and recreational cycling purposes. The Argentina bike brakes market had a market share of USD 8.05 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In Argentina, rapid demand growth in the bike brakes market is fueled by increasing urbanization, rising environmental concerns, and a growing preference for sustainable transportation options. The Colombia bike brakes market is projected to grow at a CAGR of 6.2% during the forecast period, reaching a market size of USD 4.26 million in 2024. The Peru bike brakes market is projected to grow at a CAGR of 6.6% during the forecast period, reaching a market size of USD 3.93 million in 2024. The Chile bike brakes market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 3.45 million in 2024. The Rest of the Latin America bike brakes market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 7.71 million in 2024. .

Middle East and Africa Bike Brakes

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According to Cognitive Market Research, the global bike brakes market size was estimated at USD 958.2 Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 19.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. The Middle East and Africa are experiencing rapid demand growth in the bike brakes market. Factors such as urbanization, infrastructure development, and a growing interest in cycling as a mode of transportation and recreation are driving this trend. Moreover, increasing awareness of health and environmental benefits associated with cycling further fuels the demand for bike brakes in the region. Segmentation analysis discloses that the Middle East and Africa's bike brake market is poised for growth, with electric two-wheelers leading the charge. While disc brakes currently dominate due to performance needs, the rising popularity of e-bikes could spur demand for specialized brakes in the replacement segment. In conclusion, the Middle East and Africa present significant opportunities for growth in the bike brakes market due to evolving trends. The GCC Countries' bike brakes market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 8.20 million in 2024. GCC countries have a dominant position in the bike brake market due to increasing urbanization, rising disposable income, and government initiatives promoting cycling and sustainable transportation. The Egypt bike brakes market is projected to grow at a CAGR of 7.0% during the forecast period, reaching a market size of USD 2.01 million in 2024. The South African bike brakes market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 3.03 million in 2024. South Africa experienced significant growth in the bike brakes market due to increasing urbanization and a growing interest in cycling for traveling and recreation. The Turkish bike brakes market is projected to grow at a CAGR of 6.2% during the forecast period, reaching a market size of USD 1.65 million in 2024. The Nigerian bike brakes market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 2.01 million in 2024. The Rest of the MEA bike brakes market is projected to witness growth at a CAGR of 5.7% over the forecast period, with a market size of USD 2.26 million in 2024.

Bike Brakes Market Analysis

Bike Brakes Market Type Segment Analysis

According to Cognitive Market Research, the motorcycle segment held a significant share of the bike brakes market. With a focus on safety and performance, motorcycle brakes are crucial components ensuring rider control and stopping power. Manufacturers continuously innovate to meet the specific requirements of motorcycle braking systems, including durability, heat resistance, and responsiveness. As motorcycles remain a popular mode of transportation worldwide, especially in urban areas and for recreational purposes, the demand for high-quality brake systems in this segment continues to drive growth in the bike brakes market.

The electric two-wheeler segment emerged as the fastest-growing sector within the bike brakes market. With the growth in popularity of electric bicycles and motorcycles, there's a heightened demand for efficient braking systems tailored to these vehicles. Manufacturers are innovating to provide braking solutions that cater to the unique requirements of electric two-wheelers, including regenerative braking systems and enhanced heat dissipation mechanisms. This rapid growth underscores the importance of braking technology advancements in facilitating the safety and performance of electric-powered bikes.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Bike Brakes Industry. Request a Free Sample PDF!

Bike Brakes Market Friction Product Segment Analysis

According to Cognitive Market Research, drum brakes held a significant share of the bike brakes market, providing reliable braking performance for a diverse range of bicycles. Offering simplicity and durability, drum brakes found favor among travelers, city cyclists, and those seeking low-maintenance braking solutions. Despite the emergence of newer brake technologies like disc brakes, drum brakes maintained their market presence due to their effectiveness in various conditions and compatibility with different bike types. This fixed position underscored the enduring relevance of drum brakes in the competitive landscape of bike braking systems..

Disc brakes have emerged as the fastest-growing segment in the bike brakes market. Offering superior stopping power, consistency, and performance in various conditions, they have rapidly gained popularity among cyclists worldwide. Disc brakes provide enhanced control and modulation, particularly in challenging terrains and adverse weather conditions, making them a preferred choice for both recreational and professional cyclists. Their ability to deliver reliable braking performance, coupled with advancements in technology and design, has propelled the exponential growth of disc brakes within the bike brakes market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Bike Brakes Demand Segment Analysis

According to Cognitive Market Research, the OEM (Original Equipment Manufacturer) segment holds the major share of the bike brake market due to their integration into new bike production. These manufacturers often collaborate with bike brands to supply brakes as part of the complete bike assembly. By offering brake systems directly to bike manufacturers, OEMs play a pivotal role in shaping the market landscape. Their ability to provide tailored solutions and meet specific performance requirements set by bike brands solidifies their position as key players in driving innovation and market growth within the bike brakes industry.

In the bike brakes market, the replacement segment emerged as the fastest-growing sector. As cyclists increasingly prioritize maintenance and performance upgrades, demand for replacement brake components surged. The desire for improved braking efficiency, durability, and customization options fueled this trend. Manufacturers responded by offering a wide range of replacement pads, discs, and calipers tailored to fit various bike models. Additionally, advancements in brake technologies encouraged cyclists to upgrade their existing brake systems, further propelling growth in the replacement segment of the bike brakes market.

• OEM
• Replacement

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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