Demand for motorcycle sprocketin the Asia-Pacific region, is expected to grow at a steady 5.3 percent year-on-year growth rate in 2019, according to a recently published market research study Future Market Insights (FMI). The motorcycle sprocket is the lightest gear possible when compared to a gearbox and is extremely inexpensive in terms of manufacturing compared to gear trains, which will add significantly to motorcycle sprocket sales for years to come.
Future Market Insights (FMI) has forecast the global Market for sprockets for motorcycles to grow with an annual increase in value of 5.7% in 2022 a value of approx US$2,315.1 million by the end of 2022. A chain and sprocket will be used when the distance between the shafts is greater than the intended size of the gearbox. A bicycle uses a chain and sprocket because the specified spacing between the shafts makes gear-to-gear meshing difficult. The chain holds the sprocket and transmits engine power by turning the wheel at ground speed. Global Motorcycle Sprockets Market is forecast to register at a sizeable CAGR of 6.2% in 2022 and 2027.
Besides the ease of installation and maintenance, the lightweight feature of the sprockets will remain the most rewarding factor, increasing their installations in motorcycles. FMI forecasts that the global motorcycle sprocket market revenue will reach approximately US$1.9 billion by the end of 2019. The size of the market is based on estimates of the number of sprockets shipped during the same period.
“The global motorcycle sprocket market continues to grow with increasing motorcycle product and sales, particularly in emerging markets, paradigm shifts towards lightweight vehicle components to control automotive emissions and extend vehicle lifespan, and a thriving motorcycle sprocket aftermarket driven by factors such as distance traveled, number of…