Bicycle Crankset Market Trends, Size and Forecast 2034
Bicycle Crankset Market Size- By Product, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: AMIN2526 | Pages: 1 - 260 | Formats*: |
| Category : Automotive & Transportation | |||
Bicycle Crankset Market Introduction and Overview
According to SPER Market Research, the Global Bicycle Crankset Market is estimated to reach USD XX billion by 2034 with a CAGR of XX%.
The report includes an in-depth analysis of the Global Bicycle Crankset Market, including market size and trends, product mix, Applications, and supplier analysis. The global bicycle crankset market was valued at USD XX billion in 2024 and is projected to increase at a compound annual growth rate (CAGR) of XX% between 2025 and 2034. The bicycle crankset market is expected to grow steadily, driven by the increasing trend of cycling for fitness and sustainable transportation. In addition, rising interest in high-performance bicycles, along with innovations in lightweight and durable materials, is supporting market expansion. The development of better urban cycling infrastructure and the growing demand for electric bikes are also encouraging the use of modern crankset systems. Furthermore, since cranksets naturally wear out over time with regular use, there is consistent demand for replacements, particularly among both recreational and competitive cyclists.
By Product Insights
By product type, the bicycle crankset market is divided into single, double, and triple chainring cranksets. Among these, the single chainring variant has gained the most popularity, particularly among entry-level and recreational cyclists. Its appeal lies in its simple design, which does not require a front derailleur. This reduces the likelihood of mechanical problems and ensures smoother, more dependable gear changes, making it a preferred choice for those seeking a low-maintenance and easy-to-use system.
By Sales Channel Insights
The bicycle crankset market is divided into online and offline sales channels, with offline sales holding the largest share in the industry. In 2024, this channel accounted for the majority of market activity. Physical retail stores, including dedicated bike shops, give customers the opportunity to examine cranksets firsthand, helping them evaluate factors like build quality and fit. This hands-on approach is especially valuable for performance-oriented cyclists who require customized components. In-store guidance also supports buyers in understanding product suitability and installation requirements, particularly for more complex setups. Additionally, numerous physical stores provide extra services like expert fitting and maintenance, which improve customer convenience and overall satisfaction.
Regional Insights
The Asia Pacific region, led by China, dominates the bicycle crankset market due to strong demand across segments, advanced manufacturing capabilities, and a booming e-Bike industry. China’s cost-effective labor, technological advancements, and widespread bicycle usage for commuting and leisure contribute to its market strength.
Meanwhile, in North America, cycling’s popularity for fitness and recreation is boosting crankset demand. Consumers prefer lightweight materials like carbon fiber with power meters. Though online shopping is growing, local bike shops continue to be the primary sales channel, offering personalized service and product support.
Market Competitive Landscape
Leading bicycle crankset manufacturers are focusing on innovation and expanding globally through product launches, partnerships, and acquisitions. To stay competitive, they prioritize advanced, affordable, and sustainable cranksets, especially for e-Bikes and performance bicycles, while integrating smart technology features. Some key players are- Shimano Inc., SRAM LLC, Campagnolo, FSA (Full Speed Ahead), Race Face, Cane Creek, SR Suntour, Hope Technology, Miche, and Praxis Works.
Recent Developments:
- In May 2024, Shimano launched its 12-speed GRX Di2 gravel groupset, available exclusively in a 2x setup. Building on the earlier 12-speed mechanical models, this electronic shifting system is designed specifically for gravel riding. Notable features include a wider 11-36 cassette, replacing the previous 11-speed’s 34-tooth limit, and chainring options of 48/31 or 46/30, offering versatile compatibility for various riding styles.
- In April 2024, Praxis introduced the Doon Carbon LT2 road crankset, named after the Bonny Doon Road climb close to Santa Cruz. Unveiled at the Sea Otter Classic, this crankset features a lightweight build, weighing approximately 335 grams—making it 50 to 70 grams lighter than its predecessor, the Zayante Carbon with the Bdirect Pulley System. This model also meets and exceeds the weight benchmarks set by competitors like SRAM RED and Shimano Dura-Ace.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Sales Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Shimano Inc, SRAM LLC, Campagnolo, FSA (Full Speed Ahead), Race Face, Cane Creek, SR Suntour, Hope Technology, Miche, and Praxis Works. |
Key Topics Covered in the Report
- Global Bicycle Crankset Market Size (FY’2021-FY’2034)
- Overview of Global Bicycle Crankset Market
- Segmentation of Global Bicycle Crankset Market By Product (Single chainring crankset, Double chainring crankset, Triple chainring crankset)
- Segmentation of Global Bicycle Crankset Market By Sales Channel (Online sales, Offline sales)
- Statistical Snap of Global Bicycle Crankset Market
- Expansion Analysis of Global Bicycle Crankset Market
- Problems and Obstacles in Global Bicycle Crankset Market
- Competitive Landscape in the Global Bicycle Crankset Market
- Details on Current Investment in Global Bicycle Crankset Market
- Competitive Analysis of Global Bicycle Crankset Market
- Prominent Players in the Global Bicycle Crankset Market
- SWOT Analysis of Global Bicycle Crankset Market
- Global Bicycle Crankset Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Bicycle Crankset Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Bicycle Crankset Market
7. Global Bicycle Crankset Market, By Product (USD Million) 2021-2034
- 7.1. Single chainring crankset
- 7.2. Double chainring crankset
- 7.3. Triple chainring crankset
8. Global Bicycle Crankset Market, By Sales Channel (USD Million) 2021-2034
- 8.1. Online sales
- 8.2. Offline sales
9. Global Bicycle Crankset Market, (USD Million) 2021-2034
- 9.1. Global Bicycle Crankset Market Size and Market Share
10. Global Bicycle Crankset Market, By Region, (USD Million) 2021-2034
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
11. Company Profile
- 11.1. Campagnolo
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Cane Creek
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. FSA (Full Speed Ahead)
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Hope Technology
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Miche
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Praxis Works
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Race Face
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. Shimano Inc
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. SR Suntour
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. SRAM LLC
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Bicycle Crankset Market is projected to reach USD XX billion by 2034, growing at a CAGR of XX% during the forecast period.
Bicycle Crankset Market grew in Market size from 2025. The Market is expected to reach USD XX billion by 2034, at a CAGR of XX% during the forecast period.
Bicycle Crankset Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Bicycle Crankset Market size is USD XX billion from 2025 to 2034.
Bicycle Crankset Market is covered By Product, By Sales Channel
The Asia Pacific is anticipated to have the highest Market share in the Bicycle Crankset Market.
Shimano Inc, SRAM LLC, Campagnolo, FSA (Full Speed Ahead), Race Face, Cane Creek, SR Suntour, Hope Technology, Miche, and Praxis Works.
The report includes an in-depth analysis of the Global Bicycle Crankset Market, including market size and trends, product mix, Applications, and supplier analysis
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
