Carbon Composite Bicycle Frame Market is Forecasted to Reach US$ 859.9 million in 2030, Says Stratview Research

The global carbon composite bicycle frame market is projected to witness a growth rate of 2.7% annually from 2023 to 2030, with an anticipated size of US$ 859.9 million by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global carbon composite bicycle frame market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 859.9 million
Growth (CAGR): 2.7% during 2023-2030
Forecast Period: 2023-2030
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 2
Number of Tables & Graphs: 100+

Segment Insights on the Carbon Composite Bicycle Frame Market:
The global carbon composite bicycle frame market is segmented based on bicycle type, and region.

Based on bicycle type - The carbon composite bicycle frame market is segmented into mountain bikes, road bikes, and others. The road bike segment is expected to generate the largest demand, during the forecast period, owing to the rising number of people opting for these bicycles as a form of sports and leisure activities.
Moreover, with the growing traffic congestion and shortage of parking spaces, particularly in metropolitan cities, more people consider bicycle commutation for short distances for saving time. In addition, there is an increasing inclination towards road bikes as a convenient exercise form, to ensure a healthy lifestyle, which is resulting in their increasing demand.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3220/carbon-composite-bicycle-frame-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to be the largest market with a share of more than 55% in 2022 for carbon composite bicycle frames, during the forecast period. This growth outlook is majorly attributed to the following-
- This region is home to several bicycle manufacturers such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Kona, and SRAM LLC.
- On the contrary, the Asia-Pacific region is likely to witness the fastest market growth during the forecast period, mainly driven by the active presence of the major carbon composite bicycle frames manufacturers, such as Giant Bicycles, TOPKEY, and MERIDA BIKES, in the region, among which two companies are engaged in bicycle production as well.
- In addition, over the years, there has been a rise in the export of composite bicycle frames in the Western regions from Asian countries, owing to their good technical capabilities along with the low cost of labor, which is also likely to follow suit in the coming years.

Carbon Composite Bicycle Frame Market Drivers:

Some of the key drivers listed in the report are given below.
- It offers advantages such as increased strength, vibration dampening, and corrosion resistance compared to traditional materials like aluminum or steel.
- Growing demand for lightweight bicycles coupled with the dilution of carbon composite bicycle frame import tariffs in the USA.
- People are choosing bicycles over other modes of transportation because of growing environmental and personal fitness concerns.
- The long-term market scenario presents several opportunities for all the players involved in the entire supply chain of composite bicycle frames.

Top Companies in the Carbon Composite Bicycle Frame Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Astro Tech Co., Ltd
• Carbon Team
• Dongguan Taihe Composite Materials Co., Ltd.
• Fuji-ta Bicycle Co., Ltd.
• Giant Bicycles
• Jiangsu QYH Carbon Tech Co., Ltd
• MERIDA BIKES
• REIN4CED NV
• Shenzhen Xidesheng Bicycle Co., Ltd.
• TOPKEY

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Carbon Composite Bicycle Frame Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.