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This report segments the bicycle carbon frames market by application (manual bicycles and e-bikes) and geography (APAC, Europe , North America , South America , and MEA)
NEW YORK , June 9, 2022 /PRNewswire/ -- Bicycle carbon frames are manufactured with carbon fiber material. These frames have properties such as high stiffness, low weight, and high strength. They reduce bicycle weight and increase performance, which has increased their popularity in the global bicycle market.
The global bicycle carbon frames market size is expected to grow by 5935.37 thousand units from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 14.89% during the forecast period, according to Technavio's latest market report.
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By application, the manual bicycle segment will have significant market share growth during the forecast period. The demand for manual bicycles is high, as they are affordable and easy to use. In recent years, the adoption of carbon frames in the manual bicycles segment has increased owing to the rising demand for bicycles that are lightweight and durable.
By geography, APAC will account for the highest market share growth during the forecast period. The rising disposable income of major emerging economies such as India and China and the increasing youth population in India will drive the growth of the market in APAC during the forecast period. Moreover, market growth in this region will be faster than the growth of the market in Europe . China and Taiwan are the key countries for the bicycle carbon frames market in APAC.
The increasing demand for premium bicycles is driving the market. Premium bicycles offer enhanced riding and safety features. Hence, their demand is increasing. They are made using advanced technologies and high-end materials, such as carbon fiber. The target customers of these bicycles include cycling enthusiasts, adventure seekers, and urban commuters. Developing countries such as China and India are witnessing high demand for premium bicycles owing to the increasing disposable incomes and rising demand for adventure cycling.
Government initiatives promoting the adoption of bicycles are the key trends in the market. Governments of several countries are promoting bicycles as an alternate means of transportation. For instance, there are designated lanes for bicycles in the Netherlands , Germany , and the UK. Such initiatives are leading to the growth of the market.
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Bicycle Carbon Frames Market Scope
Accelerate at a CAGR of 14.89%
APAC, Europe, North America, South America, and MEA
China, Taiwan, Germany, Italy, US, and Vietnam
Leading companies, competitive strategies, consumer engagement scope
Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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