Two-Wheeler Sprocket Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Motorcycle and Mopeds), By Sprocket Material Type (Standard Carbon Steel, Stainless Steel and Others), By Regional, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 2.62 Billion
CAGR (2026-2031)	6.53%
Fastest Growing Segment	Stainless Steel
Largest Market	Asia Pacific
Market Size (2031)	USD 3.83 Billion

Market Overview

The Global Two-Wheeler Sprocket Market will grow from USD 2.62 Billion in 2025 to USD 3.83 Billion by 2031 at a 6.53% CAGR. The Global Two-Wheeler Sprocket Market centers on the production and distribution of toothed wheels that interlock with a chain to transmit rotary motion between two shafts, functioning as a critical component of the transmission system in motorcycles and scooters. The primary drivers propelling market expansion include the escalating volume of two-wheeler production to meet rising urban mobility demands and the consistent requirement for aftermarket replacements due to the high wear and tear nature of these metal components. Supporting this trajectory of manufacturing growth, the Society of Indian Automobile Manufacturers reported that in the fiscal year 2023-24, domestic two-wheeler sales in India reached 17.97 million units, registering a growth of over 13 percent compared to the previous period.

Despite these positive indicators, the market faces a significant impediment regarding the volatility of raw material prices, particularly high-grade steel and alloys essential for durability. Fluctuations in global steel costs directly impact profit margins and manufacturing stability, forcing stakeholders to absorb higher expenses or pass them to price-sensitive consumers. This economic uncertainty complicates long-term procurement strategies and can potentially stall aggressive expansion plans within the competitive landscape of transmission component manufacturing.

Key Market Drivers

Escalating global two-wheeler production and sales volumes serve as a fundamental catalyst for the sprocket market, as these components are essential fitments for power transmission in the final drive systems of internal combustion motorcycles. Manufacturers are intensifying output to cater to rising personal mobility needs in developing nations, thereby necessitating large-scale procurement of high-durability steel and alloy sprockets for new vehicle assembly. This direct correlation between vehicle rollout and component demand ensures a steady baseline of orders for OEM suppliers. Illustrating this manufacturing scale, according to the China Chamber of Commerce for Motorcycles, January 2025, in the 'Motorcycle Production and Sales' data, the production of fuel-powered motorcycles in China reached approximately 16.56 million units for the full year of 2024.

Sustained aftermarket demand for component replacement acts as a parallel growth engine, driven by the finite lifespan of metal sprockets which face continuous abrasion and mechanical stress during operation. As the global fleet of two-wheelers accumulates mileage, particularly in regions with challenging road infrastructure, the inevitable wear of sprocket teeth compels vehicle owners to purchase replacement kits to maintain drivetrain efficiency. Highlighting the economic magnitude of this segment, according to the Automotive Component Manufacturers Association of India (ACMA), July 2024, in the 'Industry Performance Review', the turnover of the domestic auto component aftermarket reached INR 93,886 crore in the fiscal year 2023-24. Furthermore, the expanding active fleet in key regions guarantees future maintenance needs; according to the Indonesian Motorcycle Industry Association (AISI), in 2024, domestic motorcycle sales in Indonesia totaled 6.33 million units.

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Key Market Challenges

The volatility of raw material prices, particularly for high-grade steel and alloys, acts as a primary impediment to the financial stability and growth of the global two-wheeler sprocket market. Because sprockets are metal-intensive components, their production costs are intrinsically linked to global steel valuations. Unpredictable fluctuations in these input costs compromise the ability of manufacturers to maintain stable profit margins or establish fixed long-term pricing with original equipment manufacturers. This instability necessitates frequent price adjustments, which can deter price-sensitive buyers in emerging economies and disrupt supply chain consistency.

The uncertainty surrounding material costs further complicates inventory management and procurement planning. Manufacturers face increased financial risk when purchasing raw materials in bulk during periods of price instability, which often results in stalled aggressive expansion efforts. The magnitude of this resource dependence is highlighted by global consumption trends which influence component availability. According to the World Steel Association, in April 2024, global steel demand was projected to reach 1,793 million tonnes, indicating the intense competition for raw materials that drives cost variances for component fabricators. This competitive pressure on essential inputs directly constrains the financial flexibility required for market players to scale operations effectively.

Key Market Trends

As high-performance electric motorcycles gain traction, there is a specialized trend toward developing reinforced sprockets capable of withstanding the instant, high-torque power delivery characteristic of electric powertrains. Unlike internal combustion engines, electric motors deliver peak torque immediately, necessitating sprockets manufactured from ultra-durable heat-treated steel or advanced alloys to prevent premature tooth deformation and chain slip. This technical shift is particularly critical as the electric segment expands beyond commuter scooters into higher-performance categories, requiring drivetrain components that offer superior tensile strength. Highlighting the growing market relevance of this evolving sector, according to the Federation of Automobile Dealers Associations (FADA), June 2024, in the 'Electric Vehicle Retail Data', the electric two-wheeler segment in India recorded sales of 76,907 units in May 2024 alone.

Manufacturers are increasingly shifting towards hybrid sprocket designs that combine materials, such as fusing a durable steel outer ring with a lightweight aluminum core, to reduce unsprung weight without compromising longevity. This adoption of lightweight composite materials is primarily driven by the premium and racing motorcycle segments, where reducing rotating mass is essential for improving acceleration, handling, and fuel efficiency. The rising demand for these performance-oriented components correlates directly with the expansion of the high-capacity motorcycle market in established regions. Evidencing this growth in the premium sector, according to the European Association of Motorcycle Manufacturers (ACEM), February 2025, in the 'Statistical Release - Registrations 2024', new motorcycle registrations in five key European markets increased by 10.1 percent year-on-year to reach a total of 1,155,640 units in 2024.

Segmental Insights

Based on recent industry analysis, the Stainless Steel segment is emerging as the fastest-growing category within the Global Two-Wheeler Sprocket Market. This accelerated expansion is primarily driven by the material's superior corrosion resistance and high tensile strength, which significantly enhance the durability and lifespan of the components compared to standard carbon steel. As the demand for premium motorcycles increases, manufacturers are prioritizing stainless steel to meet consumer expectations for operational reliability and aesthetic appeal in diverse environmental conditions. Consequently, this material is seeing rapid adoption across both original equipment and aftermarket channels to ensure extended service intervals.

Regional Insights

Asia Pacific stands as the dominant region in the Global Two-Wheeler Sprocket Market, primarily due to its status as the world's largest manufacturing and consumer base for motorcycles and scooters. High production volumes in key nations like China and India drive extensive demand for original equipment components. Furthermore, the widespread reliance on two-wheelers as an essential, affordable mode of daily transportation in densely populated cities creates a massive active fleet. This consistent vehicle usage generates substantial recurring demand for aftermarket replacements, firmly securing the region’s market leadership through both assembly and maintenance channels.

Recent Developments

• In November 2025, L.G. Balakrishnan & Bros Ltd. formalized its expansion plans by signing a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. The agreement, executed through the state's investment promotion agency, Guidance Tamil Nadu, outlined the company's intent to invest in new industrial projects within the region. This collaboration was designed to facilitate the necessary regulatory approvals and infrastructural support for the manufacturer, which specializes in automotive chains, sprockets, and tensioners. The move underscored the company's long-standing commitment to scaling its manufacturing operations to meet growing domestic and international demand.
• In August 2025, Daido Kogyo Co., Ltd. launched the "DXA" roller chain line, expanding its product portfolio to cater to a wider variety of market needs. This new series was engineered to strike a balance between high performance and cost-effectiveness, leveraging the company's proprietary manufacturing technologies and material selection. The introduction of the DXA line was a strategic move to offer accessible drivetrain solutions without compromising on quality, complementing the company's premium offerings in the global two-wheeler market where it is also a prominent supplier of sprockets and chain kits.
• In October 2024, Sunstar Engineering announced the strategic divestment of its motorcycle aftermarket business in Europe and the Americas to Sefo, a manufacturer of components for road-racing motorcycles. This significant restructuring involved the transfer of operations related to the Braking and Sunstar brands, allowing the company to realign its focus towards its Original Equipment Manufacturer (OEM) partnerships. The decision was part of a global alignment strategy intended to accelerate growth and optimize resources by concentrating on core OEM business segments while ensuring the aftermarket division continued to develop under new ownership.
• In March 2024, AFAM Group entered into a multi-year partnership with Infront Moto Racing to become an official sponsor of the FIM Motocross World Championship (MXGP). This collaboration was established to enhance the brand's visibility in the competitive off-road segment, showcasing its high-performance drivetrain components, including chains and sprockets, to a global audience. The agreement also encompassed the Monster Energy FIM Motocross of Nations, reinforcing the company's commitment to supporting top-tier motocross racing. Through this alliance, the manufacturer aimed to demonstrate the durability and precision of its transmission products under the most demanding racing conditions.

Key Market Players

• Tsubakimoto Chain Co.
• Rockman Industries Ltd.
• Regina Catene Calibrate S.p.A.
• L.G. Balakrishnan & Bros Ltd.
• Jomthai Asahi Co. Ltd
• Hengjiu Group
• JT Sprockets
• TIDC India
• RK Japan Co., Ltd.
• Jiangxi Hengjiu Chain Transmission Co. Ltd

By Vehicle Type	By Sprocket Material Type	By Region
Motorcycle and Mopeds	Standard Carbon Steel Stainless Steel and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Two-Wheeler Sprocket Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Two-Wheeler Sprocket Market, By Vehicle Type:

• Motorcycle and Mopeds

• Two-Wheeler Sprocket Market, By Sprocket Material Type:

• Standard Carbon Steel
• Stainless Steel and Others

• Two-Wheeler Sprocket Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE