Global Bicycle Frames Market: Industry Analysis And Forecast 2021-2027

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Global Bicycle Frames Market is anticipated to reach US$ 29.70 Bn by 2027 from US$ 20.70 Bn in 2019 at a CAGR of 18.1% during a forecast period.
Global Bicycle Frames Market Overview

The fundamental construction of a bicycle is the bicycle frame, which provides the machine with its strength and stiffness. There are several frames on the market that are used to create various sorts of bicycles, including bicycles, road bicycles, mountain bicycles, children's bicycles, and folding bicycles, among others. The most popular forms of bicycle frames are diamond, step-through, and cantilever, which are made from a variety of materials such as aluminum, steel, titanium, carbon fiber, and magnesium.

Global Bicycle Frames Market

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Global Bicycle Frames Market Dynamics

People are becoming more concerned about the environment, which is driving them to adopt bicycles over other forms of transportation. People are considering bicycle traveling for short distances because of growing traffic congestion and a lack of parking space. Furthermore, ...
... some governments are increasing the infrastructure necessary to enable bicycle traveling, encouraging people to choose bicycles. This is expected to drive the bicycle frame market during the forecast period.

As people become more aware of the health advantages of riding, more people are becoming interested in cycling as a sport and a mode of transportation, which is one of the key reasons driving the bicycle frame market. Bicycle frame sales are increasing with the increased demand for bicycles. Bicycle manufacturers obtain frames from a variety of original equipment manufacturers to construct the complete bicycle. Furthermore, end-users may now design their bicycle from the scrap thanks to the availability of a wide choice of customizable frames. As a result, customized frames have become extremely popular among a variety of leading cyclists.
Global Bicycle Frames Market Segmentation Analysis

By Material, Aluminum frames segment accounted for 33% of the market share in 2019, and the segment is expected to grow at CAGR of xx% during the forecast period.

Global Bicycle Frames Market 1

Carbon fiber, on the other hand, has grown in popularity. This segment is expected to grow at the fastest rate throughout the forecast period due to its capacity to absorb stress while delivering great handling. It's also a lot lighter than steel, titanium, or aluminum, so it's ideal for a superlight road bike.

By Type, The road bicycle segment accounted for 39.8% of the market in 2019. Mountain bikes, road bikes, and hybrid bikes all employ bicycle frames, which come in a range of forms and sizes. This is because the road bike is the simplest type of bicycle, requiring no complex equipment like a mountain or other types of bikes.
Global Bicycle Frames Market Regional Insights

In 2019, Asia Pacific dominated the market, accounting for 32.6 percent of total revenue. One of the main reasons fueling the market's growth is India's growing young population. In addition, the growing popularity of different sports competitions such as road bicycle racing and mountain bike racing in countries like India, Sri Lanka, China and Pakistan is boosting the bicycle carbon frame market in Asia Pacific.

Global Bicycle Frames Market 2

North America is expected to hold a significant market share during the forecast period due to the high rate of adoption of innovative, and customized cycle frames in the region. In 2019, Europe has a market share of more than 20%. The expected growth in demand for bicycles for commuting, as well as the presence of a large bicycle fleet, is likely to boost regional market demand.

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Global Bicycle Frames Market Scope: Inquire before buying

Global Bicycle Frames Market 3
Global Bicycle Frames Market by Region:

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Bicycle Frames Market Key Players

• Cicli Pinarello SRL
• Felt Racing
• Giant Manufacturing Co Ltd.
• Ideal Bike Corporation
• Advanced International Multitech Co. Ltd.
• ADK Technology Limited
• Dengfu Sports Equipment Co. Ltd.
• Quest Composite Technology Corporation
• Specialized Bicycle Components, Inc.
• SCOTT Sports SA
• Velocite Tech Co Ltd.
• TOPKEY CORPORATION
• Felt Racing
• Harison Cycles
• SCOTT Sports SA
Frequently Asked Questions

1. What is the projected market size & growth rate of Bicycle Frames Market?

Ans-Bicycle Frames Market was valued at USD 20.70 Billion in 2019 and is projected to reach USD 29.70 Billion by 2027, growing at a CAGR of 6.2 % during the forecast period.

2. What is the key driving factor for the growth of Bicycle Frames Market?

Ans- As people become more aware of the health advantages of riding, more people are becoming interested in cycling as a sport and a mode of transportation, which is one of the key reasons driving the bicycle frame market.

3. What segments are covered in Bicycle Frames Market?

Ans-Global Bicycle Frames Market is segmented based on Material, Type, and Region.

4. What are the top players operative in Bicycle Frames Market?

Ans- Advanced International Multitech Co. Ltd., ADK Technology Limited, Cicli Pinarello SRL, Felt Racing, Dengfu Sports Equipment Co. Ltd., Giant Manufacturing Co Ltd., Ideal Bike Corporation, Quest Composite Technology Corporation, Specialized Bicycle Components, Inc.

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