Bicycle Crankset Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 1.8 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The global bicycle crankset market is experiencing significant growth, driven by increasing health consciousness and the adoption of cycling as a sustainable mode of transportation. In 2024, the Asia Pacific region accounted for 40% of the market share and is projected to exceed USD 1.3 billion by 2034. China leads this growth, with expectations to surpass USD 600 million by 2034, attributed to its robust manufacturing infrastructure and the rising popularity of e bikes and cycling for leisure and commuting. North America is also witnessing a surge in demand, particularly in the United States and Canada, where outdoor recreation and fitness trends are propelling the market forward. The emphasis in these regions is on lightweight, innovative cranksets made from materials like aluminum and carbon fiber, often integrated with power meters to enhance performance. Europe presents a dynamic landscape, with countries such as Germany, France, and the Netherlands promoting cycling as a primary mode of transport. This cultural shift has led to a growing demand for durable, weight optimized cranksets among cycling enthusiasts. Emerging markets in Latin America and the Middle East and Africa (MEA) are also showing promise. In Latin America, urbanization and an increasing number of cycling events are driving the demand for strong, durable cranksets. In the MEA region, stable policies encouraging sustainable transportation are fostering a shift towards increased bicycle usage, thereby boosting the crankset market.
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Shimano
SRAM
Campagnolo
ROTOR Bike Components
Miranda Bike Parts
BÃœCHEL Group
Full Speed Ahead
Race Face
Cane Creek
Easton Cycling
Hope Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bicycle Crankset Market
Road Bikes
Mountain Bikes
Hybrids
Electric Bikes
Touring Bikes
Aluminum
Carbon Fiber
Steel
Composite Materials
Titanium
Single Chainring
Double Chainring
Triple Chainring
Modular Cranksets
Fixed Cranksets
Competitive Cycling
Cruising
Commuting
Off-Roading
Freestyle and Tricks
High-End Brands
Mid-Range Brands
Budget Brands
OEM Manufacturers
Custom/Aftermarket Brands
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bicycle Crankset Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bicycle Crankset Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bicycle Crankset Market, By Type
6. Global Bicycle Crankset Market, By Application
7. Global Bicycle Crankset Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bicycle Crankset Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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