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Global Bicycle Derailleur Market Outlook and Growth Opportunities 2025

Publisher APO Research, Inc.
Published Oct 20, 2025
Length 192 Pages
SKU # APRC20559712

Description

Summary

According to APO Research, the global Bicycle Derailleur market is projected to grow from US$ million in 2025 to US$ million by 2031, at a compound annual growth rate (CAGR) of % during the forecast period.

The North American market for Bicycle Derailleur is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The Asia-Pacific market for Bicycle Derailleur is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

In China, the Bicycle Derailleur market is expected to rise from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The Europe market for Bicycle Derailleur is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Major global companies in the Bicycle Derailleur market include SRAM, Shimano, Campagnolo, Microshift, SunRace, Jtek(United Kingdom), BOX Components, Full Speed Ahead (FSA) and WITSPORT, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

This report presents an overview of global market for Bicycle Derailleur, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of Bicycle Derailleur, also provides the sales of main regions and countries. Of the upcoming market potential for Bicycle Derailleur, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Bicycle Derailleur sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Bicycle Derailleur market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Bicycle Derailleur sales, projected growth trends, production technology, application and end-user industry.

Bicycle Derailleur Segment by Company

SRAM
Shimano
Campagnolo
Microshift
SunRace
Jtek(United Kingdom)
BOX Components
Full Speed Ahead (FSA)
WITSPORT
Bicycle Derailleur Segment by Type

Front Derailleur
Rear Derailleur
Bicycle Derailleur Segment by Application

Road Bike
Mountain Bike
Cruiser Bike
Others
Bicycle Derailleur Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Study Objectives

1. To analyze and research the global Bicycle Derailleur status and future forecast, involving, sales, revenue, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions Bicycle Derailleur market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify Bicycle Derailleur significant trends, drivers, influence factors in global and regions.
6. To analyze Bicycle Derailleur competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Bicycle Derailleur market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Bicycle Derailleur and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Bicycle Derailleur.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Bicycle Derailleur market, including product definition, global market growth prospects, sales value, sales volume, and average price forecasts (2020-2031).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Bicycle Derailleur industry.
Chapter 3: Detailed analysis of Bicycle Derailleur manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales and value of Bicycle Derailleur in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Sales and value of Bicycle Derailleur in country level. It provides sigmate data by type, and by application for each country/region.
Chapter 8: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.

Table of Contents

192 Pages
1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Bicycle Derailleur Sales Value (2020-2031)
1.2.2 Global Bicycle Derailleur Sales Volume (2020-2031)
1.2.3 Global Bicycle Derailleur Sales Average Price (2020-2031)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Bicycle Derailleur Market Dynamics
2.1 Bicycle Derailleur Industry Trends
2.2 Bicycle Derailleur Industry Drivers
2.3 Bicycle Derailleur Industry Opportunities and Challenges
2.4 Bicycle Derailleur Industry Restraints
3 Bicycle Derailleur Market by Company
3.1 Global Bicycle Derailleur Company Revenue Ranking in 2024
3.2 Global Bicycle Derailleur Revenue by Company (2020-2025)
3.3 Global Bicycle Derailleur Sales Volume by Company (2020-2025)
3.4 Global Bicycle Derailleur Average Price by Company (2020-2025)
3.5 Global Bicycle Derailleur Company Ranking (2023-2025)
3.6 Global Bicycle Derailleur Company Manufacturing Base and Headquarters
3.7 Global Bicycle Derailleur Company Product Type and Application
3.8 Global Bicycle Derailleur Company Establishment Date
3.9 Market Competitive Analysis
3.9.1 Global Bicycle Derailleur Market Concentration Ratio (CR5 and HHI)
3.9.2 Global Top 5 and 10 Company Market Share by Revenue in 2024
3.9.3 2024 Bicycle Derailleur Tier 1, Tier 2, and Tier 3 Companies
3.10 Mergers and Acquisitions Expansion
4 Bicycle Derailleur Market by Type
4.1 Bicycle Derailleur Type Introduction
4.1.1 Front Derailleur
4.1.2 Rear Derailleur
4.2 Global Bicycle Derailleur Sales Volume by Type
4.2.1 Global Bicycle Derailleur Sales Volume by Type (2020 VS 2024 VS 2031)
4.2.2 Global Bicycle Derailleur Sales Volume by Type (2020-2031)
4.2.3 Global Bicycle Derailleur Sales Volume Share by Type (2020-2031)
4.3 Global Bicycle Derailleur Sales Value by Type
4.3.1 Global Bicycle Derailleur Sales Value by Type (2020 VS 2024 VS 2031)
4.3.2 Global Bicycle Derailleur Sales Value by Type (2020-2031)
4.3.3 Global Bicycle Derailleur Sales Value Share by Type (2020-2031)
5 Bicycle Derailleur Market by Application
5.1 Bicycle Derailleur Application Introduction
5.1.1 Road Bike
5.1.2 Mountain Bike
5.1.3 Cruiser Bike
5.1.4 Others
5.2 Global Bicycle Derailleur Sales Volume by Application
5.2.1 Global Bicycle Derailleur Sales Volume by Application (2020 VS 2024 VS 2031)
5.2.2 Global Bicycle Derailleur Sales Volume by Application (2020-2031)
5.2.3 Global Bicycle Derailleur Sales Volume Share by Application (2020-2031)
5.3 Global Bicycle Derailleur Sales Value by Application
5.3.1 Global Bicycle Derailleur Sales Value by Application (2020 VS 2024 VS 2031)
5.3.2 Global Bicycle Derailleur Sales Value by Application (2020-2031)
5.3.3 Global Bicycle Derailleur Sales Value Share by Application (2020-2031)
6 Bicycle Derailleur Regional Sales and Value Analysis
6.1 Global Bicycle Derailleur Sales by Region: 2020 VS 2024 VS 2031
6.2 Global Bicycle Derailleur Sales by Region (2020-2031)
6.2.1 Global Bicycle Derailleur Sales by Region: 2020-2025
6.2.2 Global Bicycle Derailleur Sales by Region (2026-2031)
6.3 Global Bicycle Derailleur Sales Value by Region: 2020 VS 2024 VS 2031
6.4 Global Bicycle Derailleur Sales Value by Region (2020-2031)
6.4.1 Global Bicycle Derailleur Sales Value by Region: 2020-2025
6.4.2 Global Bicycle Derailleur Sales Value by Region (2026-2031)
6.5 Global Bicycle Derailleur Market Price Analysis by Region (2020-2025)
6.6 North America
6.6.1 North America Bicycle Derailleur Sales Value (2020-2031)
6.6.2 North America Bicycle Derailleur Sales Value Share by Country, 2024 VS 2031
6.7 Europe
6.7.1 Europe Bicycle Derailleur Sales Value (2020-2031)
6.7.2 Europe Bicycle Derailleur Sales Value Share by Country, 2024 VS 2031
6.8 Asia-Pacific
6.8.1 Asia-Pacific Bicycle Derailleur Sales Value (2020-2031)
6.8.2 Asia-Pacific Bicycle Derailleur Sales Value Share by Country, 2024 VS 2031
6.9 South America
6.9.1 South America Bicycle Derailleur Sales Value (2020-2031)
6.9.2 South America Bicycle Derailleur Sales Value Share by Country, 2024 VS 2031
6.10 Middle East & Africa
6.10.1 Middle East & Africa Bicycle Derailleur Sales Value (2020-2031)
6.10.2 Middle East & Africa Bicycle Derailleur Sales Value Share by Country, 2024 VS 2031
7 Bicycle Derailleur Country-level Sales and Value Analysis
7.1 Global Bicycle Derailleur Sales by Country: 2020 VS 2024 VS 2031
7.2 Global Bicycle Derailleur Sales Value by Country: 2020 VS 2024 VS 2031
7.3 Global Bicycle Derailleur Sales by Country (2020-2031)
7.3.1 Global Bicycle Derailleur Sales by Country (2020-2025)
7.3.2 Global Bicycle Derailleur Sales by Country (2026-2031)
7.4 Global Bicycle Derailleur Sales Value by Country (2020-2031)
7.4.1 Global Bicycle Derailleur Sales Value by Country (2020-2025)
7.4.2 Global Bicycle Derailleur Sales Value by Country (2026-2031)
7.5 USA
7.5.1 USA Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.5.2 USA Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.5.3 USA Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.6 Canada
7.6.1 Canada Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.6.2 Canada Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.6.3 Canada Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.7 Mexico
7.6.1 Mexico Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.6.2 Mexico Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.6.3 Mexico Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.8 Germany
7.8.1 Germany Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.8.2 Germany Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.8.3 Germany Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.9 France
7.9.1 France Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.9.2 France Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.9.3 France Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.10 U.K.
7.10.1 U.K. Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.10.2 U.K. Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.10.3 U.K. Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.11 Italy
7.11.1 Italy Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.11.2 Italy Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.11.3 Italy Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.12 Spain
7.12.1 Spain Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.12.2 Spain Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.12.3 Spain Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.13 Russia
7.13.1 Russia Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.13.2 Russia Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.13.3 Russia Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.14 Netherlands
7.14.1 Netherlands Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.14.2 Netherlands Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.14.3 Netherlands Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.15 Nordic Countries
7.15.1 Nordic Countries Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.15.2 Nordic Countries Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.15.3 Nordic Countries Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.16 China
7.16.1 China Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.16.2 China Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.16.3 China Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.17 Japan
7.17.1 Japan Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.17.2 Japan Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.17.3 Japan Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.18 South Korea
7.18.1 South Korea Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.18.2 South Korea Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.18.3 South Korea Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.19 India
7.19.1 India Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.19.2 India Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.19.3 India Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.20 Australia
7.20.1 Australia Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.20.2 Australia Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.20.3 Australia Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.21 Southeast Asia
7.21.1 Southeast Asia Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.21.2 Southeast Asia Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.21.3 Southeast Asia Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.22 Brazil
7.22.1 Brazil Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.22.2 Brazil Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.22.3 Brazil Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.23 Argentina
7.23.1 Argentina Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.23.2 Argentina Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.23.3 Argentina Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.24 Chile
7.24.1 Chile Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.24.2 Chile Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.24.3 Chile Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.25 Colombia
7.25.1 Colombia Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.25.2 Colombia Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.25.3 Colombia Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.26 Peru
7.26.1 Peru Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.26.2 Peru Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.26.3 Peru Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.27 Saudi Arabia
7.27.1 Saudi Arabia Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.27.2 Saudi Arabia Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.27.3 Saudi Arabia Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.28 Israel
7.28.1 Israel Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.28.2 Israel Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.28.3 Israel Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.29 UAE
7.29.1 UAE Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.29.2 UAE Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.29.3 UAE Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.30 Turkey
7.30.1 Turkey Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.30.2 Turkey Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.30.3 Turkey Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.31 Iran
7.31.1 Iran Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.31.2 Iran Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.31.3 Iran Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
7.32 Egypt
7.32.1 Egypt Bicycle Derailleur Sales Value Growth Rate (2020-2031)
7.32.2 Egypt Bicycle Derailleur Sales Value Share by Type, 2024 VS 2031
7.32.3 Egypt Bicycle Derailleur Sales Value Share by Application, 2024 VS 2031
8 Company Profiles
8.1 SRAM
8.1.1 SRAM Comapny Information
8.1.2 SRAM Business Overview
8.1.3 SRAM Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.1.4 SRAM Bicycle Derailleur Product Portfolio
8.1.5 SRAM Recent Developments
8.2 Shimano
8.2.1 Shimano Comapny Information
8.2.2 Shimano Business Overview
8.2.3 Shimano Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.2.4 Shimano Bicycle Derailleur Product Portfolio
8.2.5 Shimano Recent Developments
8.3 Campagnolo
8.3.1 Campagnolo Comapny Information
8.3.2 Campagnolo Business Overview
8.3.3 Campagnolo Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.3.4 Campagnolo Bicycle Derailleur Product Portfolio
8.3.5 Campagnolo Recent Developments
8.4 Microshift
8.4.1 Microshift Comapny Information
8.4.2 Microshift Business Overview
8.4.3 Microshift Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.4.4 Microshift Bicycle Derailleur Product Portfolio
8.4.5 Microshift Recent Developments
8.5 SunRace
8.5.1 SunRace Comapny Information
8.5.2 SunRace Business Overview
8.5.3 SunRace Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.5.4 SunRace Bicycle Derailleur Product Portfolio
8.5.5 SunRace Recent Developments
8.6 Jtek(United Kingdom)
8.6.1 Jtek(United Kingdom) Comapny Information
8.6.2 Jtek(United Kingdom) Business Overview
8.6.3 Jtek(United Kingdom) Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.6.4 Jtek(United Kingdom) Bicycle Derailleur Product Portfolio
8.6.5 Jtek(United Kingdom) Recent Developments
8.7 BOX Components
8.7.1 BOX Components Comapny Information
8.7.2 BOX Components Business Overview
8.7.3 BOX Components Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.7.4 BOX Components Bicycle Derailleur Product Portfolio
8.7.5 BOX Components Recent Developments
8.8 Full Speed Ahead (FSA)
8.8.1 Full Speed Ahead (FSA) Comapny Information
8.8.2 Full Speed Ahead (FSA) Business Overview
8.8.3 Full Speed Ahead (FSA) Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.8.4 Full Speed Ahead (FSA) Bicycle Derailleur Product Portfolio
8.8.5 Full Speed Ahead (FSA) Recent Developments
8.9 WITSPORT
8.9.1 WITSPORT Comapny Information
8.9.2 WITSPORT Business Overview
8.9.3 WITSPORT Bicycle Derailleur Sales, Value and Gross Margin (2020-2025)
8.9.4 WITSPORT Bicycle Derailleur Product Portfolio
8.9.5 WITSPORT Recent Developments
9 Value Chain and Sales Channels Analysis
9.1 Bicycle Derailleur Value Chain Analysis
9.1.1 Bicycle Derailleur Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Bicycle Derailleur Sales Mode & Process
9.2 Bicycle Derailleur Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Bicycle Derailleur Distributors
9.2.3 Bicycle Derailleur Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
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