Booming automotive industry and implementation of stringent rules and regulations related to fuel efficiency and environmental protection is driving the global shaft drive market.
COVID-19 Impact
COVID-19 has put the world on hold, harming businesses all across the world. COVID-19 is likely to get a significant impact on the market for Shaft Drive Bikes. However, due to fewer staff, the market expects a drop in revenue. The market's momentum has been significantly disturbed by the COVID-19 issue. Governments play a critical role for addressing issues and determining how quickly solar energy will be adopted in the nearish term. Many companies fear the about pandemic's impact on global Shaft Drive Bike sector, as well as the company's unknown future.
The research contains revenue potential for all sectors and their categories for countries such as America, Europe, Asia - pacific region (Asia), Latin America, and also the Middle East and North africa (MEA). The United States, Quebec, Mexico, switzerland United Kingdom, German, France, Italy, Spain, Russia, India, Japan, S. Korea, Brasil, Uruguay, the Gcc nations, & South Africa are classified into these regions. According to the report, the market of Shaft Driven Bikes has been studied both in developed and developing countries. The regional analysis section gives a comprehensive understanding of the industry in a variety of countries and regions to assist organisations in developing effective development strategies.
The Personal Shaft Drive Segment Accounted for Highest Market Share
Based on the application, the global shaft drive market is classified into two categories: personal and shared service. The personal element has the largest market market share in the global and is predicted to grow rapidly throughout the forecast timeframe. The section focuses on the current position of each application as well as the potential for important application value, customer base, and growth price.
North America Dominated the Global Shaft Drive Market
Among all the key regions across the world performing in the global shaft drive market, North America held the highest market share. The demand for bicycles and bicycle shafts drive systems in North America is expected to be fuelled by rising pollution levels and societal concerns about health and fitness.
The increasing need of using vehicles that have larger spinning power, fuel efficient and environmentally sustainable solution is improving the reliance on shaft drive bike furthering the development of global shaft drive market.
Owing to benefits such as high transmission efficiency, longer service life, large power, higher torque efficiency, negligible noise, the shaft drive is experiencing rapid adoption as opposed to belt drive and chain, thus fostering remarkable progress in global shaft drive market.
The Global Shaft Drive Bicycle Market is estimated to be worth USD 35 million by 2029 with a growth of 4.7 % throughout the projected period 2022-2029.
The bicycle shaft drive train is an important approach that sends pedal force to the back wheels via a driving shaft rather than a standard pulley system. Shaft drives were invented over a century earlier, but due to the wide range of rear equipment available for front sprockets or derailleurs, they were largely used with filament bicycles.
This two-wheeler boasts a totally enclosed shaft drivetrain instead of an oily chain drive, which isn't exactly novel technology, though Hanbike features managed to acquire a patent for it — one that promises upkeep durability over tens of thousands of kilometres.
Recent innovations in internal gear technology leading to development of innovative bicycle shafts are driving the global shaft drive market. When compared to a standard bicycle chain drive, the bicycle shafts motor system creates 49 percent points lesser friction.
The development of the electrically switchable bike, such as the Alpha bike, whose entire system is made in-house, with the brake, bike drivetrain system, and onboard computers all hidden within the bicycle's unique frame. Because the bicycle shaft drivetrain doesn't really require a chain, there is no need to clean, grease, and adjust the sequence on a routine basis.
The bicycle shaft drivetrain is a driven system that uses driving shafts instead of a traditional chain drive to send pedal force to the rear wheels. The shafts drive was developed a century earlier, but due to the broad variety of rear gear available for the front shafts and derailleurs, they were primarily driven by chain-driven bicycles.
The power loss within bicycle shaft drive train is minimal, whereas the power and energy loss in the chain drive system is significant. Replacing the rear tyre on a traditional bicycle drive system is difficult and lengthy process; however, replacing the tyre on a bicycle shaft drive system takes only seconds. The traditional chain drive system requires a lot of care and produces much less output than the bicycle shafts drive system, which is expected to drive global shaft drive market growth.
The expense of the bicycle axles powertrain, which is significantly more expensive than typical drive system, is a barrier to demand. Because of increased fuel costs, respondents choose bicycling for short journeys, which is predicted to enhance the demand for bicycle shaft powertrains.
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Some of the companies that are leading the global shaft drive market are Beixo, Brikbikes, Dynamic Bicycles, TDJDC, Mobike, Maruishi Cycle, and E-Cruiser Bikes among others.
Innovations: Global Shaft Drive Bike Market
To popularize and drive greater acceptance of shaft drive bikes among global consumers, Schaeffler has introduced a novel chainless electric drive system to offer higher flexibility, sustainability, and eco-friendly features. In 2021, Friedrichshafen revealed its novel bike-by-wire system, branded as Free Drive at the Eurobike event.
Shaft Drive Bike Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 35 million |
| Growth Rate | CAGR of 4.7 % during 2021-2028 |
| Segment Covered | Type, End-Users, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Beixo, Brikbikes, Dynamic Bicycles, TDJDC, Mobike, Maruishi Cycle, and E-Cruiser Bikes among others. |
Key Segments of the Global Shaft Drive Bike Market
Type Overview, 2019-2029 (USD Million)
- Mountain Bike
- Road Bike
- Commuter Bike
- Touring Bike
End-Users Overview, 2019-2029 (USD Million)
- Personal
- Sharing Service
Regional Overview, 2019-2029 (USD Million)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of shaft drive bike market in 2029 was USD 35 million.
The shaft drive bike market is growing at a CAGR of 4.7% over the forecast period.
North America dominated the market for shaft drive bike market and accounted for the largest revenue share.
The top companies that hold the market share in shaft drive bike market are Beixo, Brikbikes, Dynamic Bicycles, TDJDC, Mobike, Maruishi Cycle, and E-Cruiser Bikes & among others.
The base year for the report is 2023 in shaft drive bike market.