The global bicycle chain lubricant market revenue was around US$ 108.3 million in 2022 and is estimated to reach US$ 202.6 million by 2031, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period from 2023 to 2031.
Bicycle chain lubricants are specially formulated greases and oils utilised to minimize friction between the metal pins, side plates and rollers in bicycle chains. They assist in preventing tear and wear, lower noise, and maintain the chain running smoothly.
Market Driving Factors
Increasing demand for eco-friendly and green lubricants drives the market growth. This is because of increasing environmental consciousness. Manufacturers are utilizing plant-based oils and biodegradable synthetic oils over mineral oils to formulate sustainable lubricants. Furthermore, increasing consumer expectations regarding corporate social responsibility have forced companies to embrace recyclable and eco-friendly packaging. These trends are projected to persist, offering huge possibilities for key players to launch bio-degradable lubricants and plant-based, and gain customer traction.
Developing nations mainly in Africa, Asia, and Latin America represent substantial prospects for market growth. The growing middle-class population, enhancing bicycling infrastructure, and increasing internet penetration make these markets highly lucrative. In addition, players are required to concentrate on establishing distribution networks by collaborating with domestic retailers and distributors. As a result, effective localization by providing regional language labels and marketing content could also aid in capturing larger shares.
Volatility in the price of key raw materials including base oils, packaging, and additives materials impacts the profitability of finished lubricants. Thus, this factor limits the market growth.
Regional Analysis
North America dominated the market in terms of the largest share and is estimated to maintain its dominance over the forecast period. This can be attributed to the increase in cycling enthusiasts and an increased focus on bike maintenance. The region's various terrain, ranging from urban streets to rugged trails, necessitates a vast array of lubrication solutions. Thus, high-performance and environmentally friendly formulations are in high demand, catering to the environmentally aware customer base in the region.
Asia-Pacific is estimated to dominate the market in terms of the highest growth during the projection period. This is due to the increase in cycling culture across the region. There's a burgeoning requirement for specialized lubricants with various terrains ranging from bustling city streets to scenic rural ways. In addition, there's a unique preference for eco-friendly formulations as environmental consciousness achieves prominence. A growing number of domestic and foreign producers have entered the market to meet the particular needs of the region.
Segmentation Insights
Type Insight
The wet lubricants segment is expected to dominate the market. This is due to the surge in popularity of off-road and all-weather cycling activities. Cyclists require wet lubricants that are specially formulated to withstand muddy, damp, or wet conditions to navigate difficult terrains. Wet lubricants have a special composition that delivers excellent water resistance and strong adherence to the chain. This assures consistent performance even in unfavorable weather conditions.
Bicycle Type Insight
The mountain bike segment dominates the market. The need for specific lubricants designed to meet the particular demands of mountain biking has increased as off-road riding gains popularity across the world. In addition, mountain bikes face more difficult conditions, including dust, mud, and rugged terrains, necessitating lubricants with superior durability and protection. Manufacturers have reacted by creating high-performance formulations infused with cutting-edge polymers and additives.
Sales Channel Insight
The offline segment dominates the market in terms of revenue. This is mainly due to the increase in e-commerce. Many customers still choose the tactile experience of physically examining products before creating a purchase, specifically when it comes to bike-related products. Additionally, local bike shops and sporting items stores have capitalized on this selection by delivering a vast range of lubricants, allowing consumers to seek advice from knowledgeable teams and obtain instant gratification.
Prominent Companies
Segmentation Outline
The global bicycle chain lubricant market segmentation focuses on Type, Bicycle Type, Sales Channel, and Region.
By Type
By Bicycle Type
By Sales Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BICYCLE CHAIN LUBRICANT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BICYCLE CHAIN LUBRICANT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BICYCLE CHAIN LUBRICANT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BICYCLE CHAIN LUBRICANT MARKET, BY TYPE
5.1 OVERVIEW
5.2 DRY LUBRICANTS
5.3 WET LUBRICANTS
5.4 WAX-BASED LUBRICANTS
5.5 OTHERS
6 GLOBAL BICYCLE CHAIN LUBRICANT MARKET, BY BICYCLE TYPE
6.1 OVERVIEW
6.2 MOUNTAIN BIKE
6.3 HYBRID BIKE
6.4 ROAD BIKE
6.5 OTHERS
7 GLOBAL BICYCLE CHAIN LUBRICANT MARKET, BY SALES CHANNEL
7.1 OVERVIEW
7.2 ONLINE
7.3 OFFLINE
8 GLOBAL BICYCLE CHAIN LUBRICANT MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BICYCLE CHAIN LUBRICANT MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 FINISH LINE TECHNOLOGIES, INC
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 LIQUI MOLY GMBH
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 MUC-OFF LTD
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 PARK TOOL CO
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 PEDRO'S INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 PROGOLD LUBRICANTS
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 ROCK "N" ROLL LUBRICATION
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 SHIMANO INC
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 SLICKOLEUM
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 SMOOVE LUBE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 SQUIRT LUBE
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 TRI-FLOW LUBRICANTS
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 TRIFLOW CONCEPTS
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 WD-40 COMPANY
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 WHITE LIGHTNING CO
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved