A well-built carbon frame dramatically reduces weight compared to metallic materials, while maintaining the strength and stiffness that high performance bicycles and their riders demand.
Covid-19 Impact:
As the effect of COVID-19 spreads, the overall market has been impacted by COVID-19 and the growth rate has also been impacted in 2019-2020. Our latest research, perspectives, and insights on the management issues that matter most to the companies and organization about the market, which is leading through the COVID-19 crisis to managing risk and digitizing operations to deliver trusted information and experiences to the decision makers.
The global Bicycle Carbon Frames market is anticipated to increase at a 5.9% CAGR to reach value USD 6,796 Million in 2029
.jpg "The Global Bicycle Carbon Frames Market 2019-2029 (USD Million)")
This report has a detailed outlook of the many changes that have emerged in the bicycle carbon frames industry depending on upstream and downstream market conditions. A deep analysis of the Covid-19 pandemic inflicted changes in the businesses and the best industrial practices to restore growth trends across regions and countries have been documented in thorough detail to encourage progressive investment decisions by players and aspirants in the global bicycle carbon frames market.
Based on Material,
The global bicycle carbon frames industry is segmented on the basis of material and bicycle type. On the basis of material, full carbon and half carbon fiber are used, of which full carbon fiber frames are majorly adopted accounting for 91.8% of the Number of Units of the global bicycle carbon frames market. However, in China, half carbon fiber is also used to make the bicycle frame, which is relatively cheaper in cost. Owing to its characteristics, full carbon is projected to continue its dominance within the global bicycle carbon frames market share over the forecast period.
Based on Product Type,
On the basis of bicycle type, the market is categorized as mountain bikes and road bikes among others. Road bikes are projected to account for high bicycle frame market share coupled with growth at a healthy CAGR of 5.9% over the coming years.
Based on application,
Based on the application, the market generated maximum Number of Units from the manual bicycles segment in 2020. The growth of the segment can be attributed to the affordable prices and easy-to-use functions of manual bicycles. In addition, the rising demand for lightweight and durable manual bicycles is supporting the growth of the segment.
Based on Region,
At the regional level, the global bicycle carbon frames market is projected to be dominated by Europe. The region accounted for more than 35% of the global bicycle carbon frames market share owing to the presence of a large bicycle fleet and the predicted increased demand for bicycles for commutation. Asia Pacific also offers significant growth opportunities with a dynamic industry in China. The region is projected to grow at CAGR 6.4% over the forecast period.
The bicycle carbon frames market trends imply that the increasing inclination towards recreational sports and tourism are some of the key factors to propel the demand for bicycles across the globe, which in turn, is supporting the sales of bicycle carbon frames. Furthermore, a shift in consumer lifestyle is also supplementing the demand for bicycles.
The global bicycle carbon frames market size was 1.265 million units in 2018 and is projected to show steady growth over the forecast period. Asia Pacific region is likely to show the fastest growth within the global bicycle carbon frames industry over the forecast period. Further, the bicycle carbon frames market is expected to grow by a CAGR of almost 15% during the forecast period.
After years of decline in demand for bicycles, primarily due to the growing influence of the automotive industry, bicycles are now again witnessing increased interest. Environmental factors such as a high degree of air pollution due to fuel emission are the key factor to supplement the growth of the global bicycle carbon frames market size. People are willingly shifting towards using bicycles as a mode of transport owing to environmental issues as well as health benefits. For instance, Denmark uses bicycles as their transportation mode which the highest number of users commuting via bicycles. The European Commission is also encouraging the use of bicycles by setting new regulations.
Bicycles are also widely used for recreational touring & sports, especially across North America and Europe. With increasing spending, especially across the middle-class population, the demand for bicycle carbon frames is projected to increase significantly over the forecast period. Thus, the aforementioned factors some of the key bicycle carbon frames market trend that is positively influencing the global bicycle carbon frame industry.
The increasing demand for premium bicycles as one of the major factors driving the growth of the bicycle carbon frames market. The demand for premium bicycles is increasing across the world, especially in developing countries such as China and India. This can be attributed to the rising disposable incomes and growing affinity toward adventure cycling among enthusiasts.
The growing demand for premium bicycles is encouraging bicycle manufacturers to introduce advanced technologies and modern designs by using high-end materials such as carbon fibre to enhance comfort and durability. Thus, the rising demand for premium bicycles is expected to foster the growth of the bicycle carbon frames market during the forecast period.
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Bicycle Carbon Frames Market Scope
| Metrics | Details |
| Base Year | 2021 |
| Historic Data | 2019-2020 |
| Forecast Period | 2022-2029 |
| Study Period | 2019-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | USD 6,796 Million |
| Growth Rate | CAGR of 5.9% during 2019-2029 |
| Segment Covered | By Type, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | ADK TECHNOLOGY CO., LTD; Advanced International Multitech Co. Ltd.; TOPKEY CORPORATION; Dengfu Sports Equipment Co. Ltd.; Ideal Bike Corporation; Giant Manufacturing Co Ltd. |
Key Segments of the Global Bicycle Carbon Frames Market
By Material:
- Full Carbon
- Half Carbon
By Product Type:
- Mountain Bike
- Road Bike
By Application:
- Manual Bicycle
- E-bikes
Regional Overview
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The total market value of bicycle carbon frames market is USD 6,796 Million
The bicycle carbon frames market is growing at a CAGR of 5.9% over the forecast period.
The base year for the report is 2022 in Bicycle Carbon Frames Market .
The major players of the global bicycle carbon frames market are Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd.
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