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Bicycle Frame Market Segmented By Carbon Fiber, Fiberglass, Sheet Metal, ABS Plastic Material Type for mountain, Youth, Road, Hybrid Bicycle type
According to the latest research, bicycle frame market is expected to grow steadily at a CAGR of 5%-7% between 2021 and 2031. Bicycle industry witnessed increased sales during the COVID-19 pandemic and is expected to continue to witness a high growth rate during the forecast period.
People's increased adoption of sports and recreational activities, as well as a consistent preference for bicycling as a form of exercise to maintain a healthy lifestyle, are likely to drive future revenue growth in the global bicycle frame market.
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The bicycle frame is the foundation of the bicycle market. It has the ability to give the bicycle both style and safety. The most popular design is two frames and is based on bicycle safety. Bicycle frame come in a variety of shapes and sizes depending on the type of bike being made.
The growing number of people who choose biking as a recreational activity is likely to propel the industry forward. Increased acceptance of sports and recreational activities, as well as a preference for cycling as a convenient form of exercise to maintain a healthy lifestyle free of problems such as obesity, are expected to fuel market expansion.
Because bicycle sales are directly proportionate to product sales, increased bicycle use is predicted to boost bicycle frame demand.
Consumer preference for bicycles over other modes of transportation for commuting, rising traffic congestion and shortages of parking space, particularly in metropolitan areas, as well as growing environmental concerns, are all encouraging people to adopt cycling as a mode of transportation, propelling the market forward.
The market is influenced by the use of bicycles for short distance commuting to save time, government initiatives in the form of infrastructure development and rising healthcare projects encouraging people to choose riding as a mode of transportation and excursive.
The integration of alloy, steel, carbon fiber, titanium frames as well as the installation of advanced materials and various components with the goal of achieving better stability and robustness while riding, extends profitable opportunities to the bicycle frame market players in the forecast period.
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Get a Customized VersionOver the forecast period, North America is likely to maintain a significant market share. This can be attributed to the region's strong support for creative and customized frames. In the next years, the expected increase in demand for bicycles for commuting, as well as the presence of a large bicycle fleet, is likely to stimulate regional product demand.
US bike production increased significantly as people sought alternatives to public transportation. US is still a major producer of bicycles and bicycle parts all around the world. Bicycle-sharing companies in US are rapidly expanding their operations in emerging countries. This will boost the market of bicycle frame.
The market for bicycle frame in Europe is predicted to grow as demand for bicycles rises, creating sales prospects for bicycle frame. UK and Germany are expected to contribute a significant share to the European market. People's growing health awareness, environmental concerns, rising traffic congestion, advances in bicycle frame and government plans to promote cycling are all major growth reasons for this industry.
The growing popularity of electric bicycles, as well as the desire for bicycles with increased safety features and aesthetics, are two factors that have a direct impact on the bicycle industry's dynamics.
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Some of the leading manufacturers and suppliers of bicycle frame include
A number of manufacturers are prioritizing new releases, product approvals, and other organic growth plans such as patents and activities. In the industry, acquisitions, as well as partnerships and collaborations, were viewed as inorganic growth tactics. Market leaders have been able to increase their business and consumer base as a result of these initiatives.
Key development:
By Material Type
By Sales Channel
By Bicycle Type
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
