In 2023, the UK's import of iron or steel roller chains used for cycles and motorcycles stood at 1.812 million kilograms. Forecasts indicate a steady growth trajectory from 2024 to 2028, with an average annual increase of around 3%. Yearly growth from 2024 to 2028 is expected to be approximately 3.77% in 2025, 3.57% in 2026, 3.37% in 2027, and 3.20% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is projected at about 3.39%.
Future trends to watch for include:
- Technological advancements in electric and hybrid bicycles and motorcycles potentially increasing demand.
- Potential trade policy changes impacting import costs.
- Increased focus on sustainable materials possibly affecting iron or steel chain utilization.
- Global economic factors influencing the UK's import capacity.
