Global Carbon Fiber Bike Market Growth, Challenges, Opportunities and Emerging Trends 2020-2029

The report "Global Carbon Fiber Bike Market, By Type (Road Bikes and Mountain Bikes), By Application (Bicycle Racing and Bicycle Touring), and Region - Global Forecast to 2029" Global carbon fiber bike market is projected to grow from US$ XX billion in 2019 to US$ XX billion by 2029. Global carbon fiber bike market is driven by growing demand of carbon fiber bike for racing purpose. In addition, growing awareness about fitness over sports cycles such as good workout for muscles, easy to ride, good for physical strength, tourism and other social campaigns is another factor propelling growth of the global market. Furthermore, an initiative by various governments towards fitness and rising social campaigns activities across the globe is also anticipated to create opportunities for growth of the global market over the forecast period.

Key Highlights:

On June 2019, Trek Bicycle Corporation has expanded its mode for premium segment
On May 2019, Gaint Bicycle has marked its 11th annual ride like king event
On June 2019, Marmot Mountain LLC has launched its Sustainability Initiative that helps consumers understand the sustainability footprint of every product throughout the entire Marmot outerwear and sleeping bag lines

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Key Market Insights from the report:

The global carbon fiber bike market accounted for US$ XX billion in 2019 and is projected to register a moderate CAGR of XX% over the forecast period. The market report has been segmented on the basis of application, end-user, and region.

By type, the global carbon fiber bike market is segmented into road bikes and mountain bikes. The road bike type segment is expected to account for the highest growth in the global market, owing to increasing adoption of road bike for better efficacy for riding cycle.
By application, the global carbon fiber bike market is bifurcated into bicycle racing and bicycle touring. The bicycle racing application segment contributes leading share in the global market, due to increasing adoption for bike racing as a sports and leisure activity. It also gives various benefits such as increasing physical strength, and weight loss.
By region, the global market in North America accounted for the highest revenue share in the global market owing to growing awareness about fitness over carbon fiber bikes in countries in the region. Europe is also contributing to the second highest share in the global carbon fiber bike market and expected to grow at a significant rate in the global market over the forecast period.

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The prominent player operating in the global carbon fiber bike market includes Trek Bicycle Corporation, Marmot Mountain LLC., Lianyungang Shenying Carbon Bike Corp Ltd, Felt Bicycles LLC, DATENSCHUTZ- Berater, Giant Bicycle Inc., Colnago Ernesto & C.S.r.l., Merida Bicycle Co Ltd., Look Cycle International S.A, and XDS (Pty) Ltd.

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This release was published on openPR.