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Bicycle Frames Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[215+ Pages Report] 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 report analyses the global bicycle frames market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the bicycle frames market.
Market Overview
The bicycle frame is the main framework of a bicycle, providing strength and rigidity to the machine. There are numerous frames on the market that are used to build various sorts of bicycles such as bikes, road bikes, mountain bikes, children's bikes, and folding bikes, among others. Bicycle frames vary in shape and size depending on the type of bike being made. The use of bicycles for short-distance commuting to save time, government programs such as infrastructure development, and increased healthcare projects encouraging people to use riding as a mode of transportation and recreation all have an impact on the bicycle frame industry.
Growth Drivers
The global population expansion, an increase in the prevalence of obesity and lifestyle disorders, increased health consciousness among consumers, and the high adoption of cycling as a sport during the COVID-19 epidemic all have a favorable impact on the bicycle frames industry. Moreover, the high demand for customized bicycles, the installation of various components and advanced materials to achieve better stability and robustness while riding, and the integration of hand-built steel, titanium, carbon, or alloy frames create profitable opportunities for the bicycle frames market players during the forecast period.
The high cost of customizing and designing bicycle frames is projected to stymie the expansion of the bicycle frames industry. The unfavorable impact of COVID-19 on manufacturing industries is expected to pose a challenge to the bicycle frames during the forecast period.
COVID – 19 Impact
Over the pandemic period, almost every industry in the world has suffered a setback. This is owing to significant interruptions in their respective production and supply-chain activities caused by multiple precautionary lockdowns and other restrictions imposed by governing bodies throughout the world. The worldwide bicycle frames market is no exception. Furthermore, consumer demand has subsequently fallen as individuals are now more focused on reducing non-essential spending from their separate budgets since the overall economic state of the majority of people has been adversely affected by this epidemic.
These factors are projected to weigh on the revenue trajectory of the worldwide Bicycle Frames Market throughout the forecast period. However, when regional regulatory bodies begin to relax these imposed restrictions, the worldwide Bicycle Frames Market is likely to rebound.
Segmentation Analysis Analysis
The Bicycle Frames Market is segregated based on Material, Type, and Distribution Channel.
Whole carbon and half carbon fiber frames are employed in terms of material, with complete carbon fiber frames accounting for a large portion of the worldwide bicycle carbon frames market. However, in China, half carbon fiber is also utilized to construct bicycle frames, which is less expensive. Full carbon is expected to maintain its dominance in the global bicycle carbon frames market share over the forecast period due to its qualities. 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 distribution channels, the offline distribution channel accounted for a major share of the total in the forecast period. Many customers choose to buy bicycle frames from local authorized brand stores since these businesses have a broad selection of frames to choose from as well as individual attention and physical product verification before purchase. As a result, consumers can research and comprehend many factors based on their needs, and so make an informed decision.
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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Regional Landscape
Asia-Pacific dominates the bicycle frame industry because of the growing popularity of sports such as mountain and road bicycle racing. The predicted increase in demand for bicycles for commuting, as well as the presence of a large bicycle fleet, is likely to stimulate regional product demand in the coming years. As consumers sought alternatives to public transportation, bike manufacturing in the region expanded considerably.
The Asia-Pacific is still a major producer of bicycles and bicycle parts all around the world. Bicycle-sharing companies in the region are aggressively expanding their operations in emerging markets. This will boost the bicycle frame market.
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 Segment Analysis
- Aluminum
- Steel
- Carbon Fiber
- Titanium
- Others
By Type Segment Analysis
- Mountain
- Hybrid
- Road
- Others
By Distribution Channel Segment Analysis
- Online
- Offline
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major 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.
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