In 2020, the global Bicycle Skewers Market was robust and is expected to have a steady revenue CAGR in the forecast period due to increasing popularity of dockless bicycle-sharing systems and realization of the importance of staying fit and living a healthy lifestyle. Skewers and thru-axles are important components for bicycle wheels, keeping them in place and allowing for easy removal. Quick-release skewers are commonly found on bikes, and carbon and titanium skewers can help save weight.
App-based dockless bicycle-sharing systems have become more popular due to advancements in mobile app development and GPS, which is expected to increase demand for bicycles. Chinese bicycle-sharing companies are investing and expanding in European countries to take advantage of these new market opportunities.
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The Bicycle Skewers Market refers to the industry that manufactures and sells skewers and thru-axles for bicycle wheels. Skewers and thru-axles are essential components that keep bike wheels in place and allow for easy removal. They are major components found on various types of bicycles, including road race bikes, downhill mountain bikes, and urban hybrids.
COVID-19 has made people more aware of the importance of staying fit and healthy, leading to an increase in bicycling as a form of exercise. This has led to an expanding market, with growing popularity of events such as the Tour de France and increasing number of bicycling events being held in Asia, Africa, and the Middle East. As a result, sales of mountain and road bicycles are increasing, which is anticipated to drive demand for bicycle skewers.
Driving factors of Bicycle Skewers Market
- Increasing popularity of dockless bicycle-sharing systems.
- Realization of the importance of staying fit and living a healthy lifestyle.
- Advancements in mobile app development and GPS leading to the emergence of app-based dockless bicycle-sharing systems.
- Growing demand for bicycles due to the popularity of dockless bicycle-sharing systems.
- Expansion of Chinese bicycle-sharing companies in European countries.
- Awareness of the importance of staying fit and healthy due to COVID-19 pandemic.
- Increase in bicycling as a form of exercise.
- Growing popularity of events such as the Tour de France.
- Increasing number of bicycling events being held in Asia, Africa, and the Middle East.
- Increasing sales of mountain and road bicycles.
Some of the notable innovations in the Bicycle Skewers Market
Thru-axles: Thru-axles are a more secure and safer alternative to quick-release skewers. They offer better stability and stiffness to the bike frame, making them popular among cyclists who ride on rough terrains.
Carbon and Titanium Skewers: Carbon and titanium skewers are lightweight and durable, making them a popular choice among professional cyclists and bike enthusiasts.
Wireless Skewers: Wireless skewers use sensors to detect any unauthorized movement or tampering of the bike. They send alerts to the owner's smartphone, making them an excellent anti-theft solution.
Locking Skewers: Locking skewers use a unique key to lock and unlock the bike wheel, making them an excellent anti-theft solution.
Thru-Axle Quick Release: Thru-Axle Quick Release is a hybrid between the traditional quick-release skewers and thru-axles. It offers the security and stiffness of thru-axles and the convenience and ease of use of quick-release skewers.
Tool-free Skewers: Tool-free skewers use a cam mechanism to secure the bike wheel, eliminating the need for tools to adjust the skewer tension. They are popular among commuters and recreational cyclists who need to remove and reattach their wheels quickly and easily.
Major Companies Profiled in The Report:
- Bontrager
- Campagnolo
- Bridgestone
- DT Swiss
- Salsa
- Shimano
- Token
- Allen
- American Classic
- Fuji
- Giant
- Halo
- Hope
- Marzocchi
- Cannondale
- Delta
- DMR
- Easton
- Formula
- Mavic
- Orange
- Paul Component
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