Bicycle Frames Market Size, Share, Trends And Forecast By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bicycle Frames Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $56.05 billion In 2028 At A CAGR Of 12.8%

The bicycle frames market size has grown rapidly in recent years. It will grow from $30.81 billion in 2023 to $34.62 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to material evolution, shift in frame design trends, influence of mountain biking, emergence of road racing, market shift towards lightweight frames.

The bicycle frames market size is expected to see rapid growth in the next few years. It will grow to $56.05 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to innovations in frame geometry and aerodynamics, sustainability and environmental considerations, urban mobility solutions, integration of suspension and component. Major trends in the forecast period include carbon fiber dominance, innovative frame designs, rise in electric bicycles (e-bikes), material diversification, customization and personalization.

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Bicycle Frames Market Major Segments
The bicycle frames market covered in this report 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

Key Driver - Surge In Bicycle Usage Propels Growth In The Bicycle Frames Market

The increase in use of bicycles is expected to propel the growth of the bicycle frames market going forward. Bicycles refer to a vehicle with two wheels in tandem, handlebars for steering, a saddle seat, and pedals by which it is propelled. 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%. Therefore, the increasing use of bicycles is driving the growth of the bicycle frames market.

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Prominent Trend - Giant Manufacturing Redefines The Bicycle Frames Market With The Launch Of XTC Advanced SL 29

Product innovations are a key trend gaining popularity in the bicycle frames market. 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.

Bicycle Frames Market Players
Major companies operating in the bicycle frames market report are Harison International, Fiend BMX, Pinion GmbH, Grimaldi Industri AB, Giant Manufacturing Co. Ltd., PIERER Mobility AG, The Cannondale Bicycle Corporation, Ideal Bike Corporation, Trek Bicycle Corporation, SCOTT Sports SA, Advanced International Multitech Co. Ltd., Topkey Corporation, Tianjin Fuji-Ta Bicycle Co. Ltd., Worksman Cycles, Hutch BMX Bicycles, Strangerco, Specialized Bicycle Components Inc., Cicli Pinarello SRL, Merida Industry Co. Ltd., ADK Technology Limited, Cinelli Official, Kona Bicycle Company, S&M Bikes, Velocite Tech Co. Ltd., All-City Cycles, Quest Composite Technology Corporation, Dengfu Sports Equipment Co. Ltd., WeThePeople Bike Co., Fuji Bikes, Jiangsu QYH Carbon Tech Co.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the bicycle frames market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle frames market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bicycle Frames Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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