FMI Analyzes Impact of COVID 19 on Bicycle chain Market; Stakeholders to Focus oPosted by aliena on December 17th, 2020 Future Market Insights (FMI), in its recent research report on the bicycle chain market, opines that the market will grow at a steady CAGR of 4.6% over the assessment period of 2020-2030. According to the study, demand for bicycle chains will be influenced by long-term, as well as immediate prevailing trends, including the COVID-19. However, the bicycle chain manufacturers are witnessing a slump in demand amid the COVID-19 crisis which has impacted the overall market. While manufacturers are seeing a downturn in demand & investments in the sector, currently, amid the COVID-19 led disruption, recovery is projected over 2021-2022. “The market prospect for new bicycle sales stays positive, as conventional bicycle component manufacturers commence calibrating their businesses to keep pace with dynamic environment,” says the FMI analyst. For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10535 Bicycle Chain Market- Key Takeaways
Bicycle Chain Market – Key Drivers
Regional Analysis
Bicycle Chain Market – Competitive Landscape The global bicycle chain market is highly competitive, characterized by the existence of small & medium size players. Manufacturers operating in the market will focus on innovation to strengthen their foothold and boosting their distribution network. Some of the prominent bicycle manufacturers have begun providing customization to satiate to dynamic customer preference. For instance, they could get the bicycles equipped with a favored model of gear with advanced settings according to consumers’ liking. Key manufacturers identified in the global bicycle chain market are Renold PLC., SRAM LLC., Taya Chain Co., Ltd., Shimano Inc., KMC Group, Zhejiang Dong Mei Chain Co., Ltd., Tien Yuen Machinery Mfg. Co. Ltd., Metro Group, RK South East Asia SDN. BHD, Izumi Chain Mfg. Co. Ltd., ASR Overseas and Oriental Chain Mfg. Co. Ltd.
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