01-Jun-2022 | Facts and Factors
According to Facts and Factors, the global bicycle frames market was valued at USD 23.8 billion in 2021 and is predicted to increase at a CAGR of 5.9% to USD 32.01 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
The growing popularity of bicycling as a form of recreation is likely to propel market expansion. Increased acceptance of sports and leisure activities, as well as a preference for bicycles as a convenient form of exercise to maintain a healthy lifestyle free of problems such as obesity, are expected to drive market growth further. Bicycle sales are directly related to product sales, therefore increased bicycle use is predicted to boost the market growth. Rising environmental concerns are driving individuals to purchase bicycles, which will increase demand. A sizable proportion of the population prefers bicycles to other means of transportation for commuting.
Browse the full “Bicycle Frames Market By Material (Aluminium, Steel, Carbon Fiber, Titanium, Others), By Type (Mountain, Hybrid, Road, Others), By Distribution Channel (Online, Offline), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028" report at https://www.fnfresearch.com/bicycle-frames-market
The increasing traffic congestion and scarcity of parking space, particularly in metropolitan areas, are driving people to explore bicycle commuting for short distances in order to save time. Moreover, some governments are rapidly laying out the infrastructure needed to enable bicycle commuting, encouraging people to choose bicycles, and pushing bicycle frame demand by the forecast period. Furthermore, numerous bike aficionados have attempted to build their own customized bicycles by acquiring and installing various components such as frames and so on. In addition, many end consumers are interested in bicycle frames built of sophisticated materials in order to obtain more stability and toughness when riding. But on the other hand, the high costs involved with customizing and developing bicycle frames are projected to stymie the expansion of the bicycle frames market. The unfavorable impact of COVID-19 on manufacturing industries is expected to pose a challenge to the bicycle frames market during the forecast period.
Segmental Overview
In terms of materials, carbon fiber has grown in popularity in recent years. This category is expected to develop the fastest during the projection period due to its ability to absorb stress while providing excellent handling. Furthermore, it is far lighter than steel, titanium, or aluminum, making it an ideal material for a superlight road bike.
In terms of Type, in the forecast period, the road bicycle sector represented the largest share of the market. Road bicycles accounted for the vast majority of the market share in the forecast period. It is expected to maintain its supremacy during the predicted period. This is due to the fact that the road bike is the most basic sort of bicycle, and does not require any advanced extras, such as those required by mountain bikes or other types of bikes. The growing trend of customizing road bicycles for specialized reasons is expected to contribute to category growth in the coming years.
Regional Overview
In the forecast period, Asia Pacific dominated the market, accounting for a major share of total revenue. This is due to the growing popularity of sports such as mountain and road bicycle racing in the region. During the forecast period, the area is likely to maintain its worldwide market dominance. In addition, due to the region's strong support for unique and customized frames, the market is estimated to grow. The anticipated increase in demand for bicycles for commuting, as well as the presence of a large bicycle fleet, is expected to fuel regional product demand in the future years.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 23.8 Billion |
Projected Market Size in 2028 |
USD 32.01 Billion |
CAGR Growth Rate |
5.9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
ADK TECHNOLOGY CO., LTD, Advanced International Multitech Co. Ltd., TOPKEY CORPORATION, Dengfu Sports Equipment Co. Ltd., Ideal Bike Corporation, Giant Manufacturing Co Ltd., and Others |
Key Segment |
By Material, Type, Distribution Channel, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the Bicycle Frames Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Bicycle Frames Market:
- ADK TECHNOLOGY CO., LTD
- Advanced International Multitech Co. Ltd.
- TOPKEY CORPORATION
- Dengfu Sports Equipment Co. Ltd.
- Ideal Bike Corporation
- Giant Manufacturing Co Ltd.
The global bicycle frames market is segmented as follows:
By Material
- Aluminum
- Steel
- Carbon Fiber
- Titanium
- Others
By Type
- Mountain
- Hybrid
- Road
- Others
By Distribution Channel
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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