Bicycle Frames Market Growth, Business Analysis, Scope, Company Analysis 2023 - 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Bicycle Frames Global Market Report 2023 identifies rise in increase in use of bicycles as the major driver for the Bicycle Frames market's growth in the forecast period. The growing need for green energy and noise-free aircraft is propelling the growth of the Bicycle Frames market. The improvements in social infrastructure in developing countries have encouraged people to opt for cycling as a transportation medium. The increasing demand for bicycles also increases the demand for bicycle frames. For instance, in 2021, according to CBC News, a Canada-based news broadcast media has mentioned an increase in bicycles by 75% as compared to the previous year, 2020. Therefore, the increasing use of bicycles is driving the growth of the bicycle frames market.

The global bicycle frames market size grew from $27.38 billion in 2022 to $31.04 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bicycle frames market size is expected to grow to $51.96 billion in 2027 at a CAGR of 13.7%.

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Major competitors in the Bicycle Frames market are ADK Technology Limited, Advanced International Multitech Co. Ltd., Topkey Corporation, Dengfu Sports Equipment Co. Ltd., Ideal Bike Corporation, Giant Manufacturing Co. Ltd., Cicli Pinarello SRL, Quest Composite Technology Corporation, Specialized Bicycle Components Inc., SCOTT Sports SA, Velocite Tech Co. Ltd., Felt Racing, Harison Cycles, Kona Bikes, and Pinion GmbH.

A key trend in the Bicycle Frames market includes Product innovations. Major companies operating in the bicycle frames market are focused on developing new product innovation solutions to strengthen their position in the market. For instance, in February 2021, Giant Manufacturing Co. Ltd., a China-based bicycle designer, and manufacturing company, introduced XTC Advanced SL 29 as a new bicycle framework. This new product is lightweight, efficient, and provides a competitive advantage for climbing, accelerating, and spiriting.

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The Bicycle Frames market is segmented -
1) By Type: Mountain, Hybrid, Road, Other Types
2) By Material: Aluminum, Steel, Carbon Fiber, Titanium, Other Materials
3) By Distribution Channel: Online, Offline

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Bicycle Frames market.

The Business Research Company's "Global Bicycle Frames Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Bicycle Frames Market Include:
1. Executive Summary
2. Bicycle Frames market Characteristics
3. Bicycle Frames market Trends And Strategies
4. Bicycle Frames Market - Macro Economic Scenario
5. Bicycle Frames market Size And Growth
……
27. Bicycle Frames market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bicycle Frames market
29. Bicycle Frames market Future Outlook and Potential Analysis
30. Appendix

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