New York, June 30, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Bicycle Frames Market - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Bicycle Frames Market size & share in terms of revenue was worth of USD 23.8 billion in 2021 and it is expected to reach around USD 32.01 billion mark, by 2028, growing at a compound annual growth rate (CAGR) of about 5.9% during the forecast period 2022 to 2028.”
What are Bicycle Frames? How big is the Bicycle Frames Industry?
Market Overview:
The main structural component of a bicycle, the bicycle frame gives the vehicle strength and rigidity. There are many frames available on the market that are used to construct a variety of bicycle types, including folding bicycles, road bicycles, mountain bicycles, and children's bicycles. Depending on the kind of bike being built, bicycle frames come in a variety of sizes and shapes. The usage of bicycles for short-distance commuting to save time, government initiatives like infrastructure development, and rising health-related initiatives encouraging people to embrace riding as a form of transportation and enjoyment all have an impact on the bicycle frame market.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 215+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 23.8 Billion |
| Projected Market Size in 2028 | USD 32.01 Billion |
| CAGR Growth Rate | 5.9% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | ADK TECHNOLOGY CO., LTD, Advanced International Multitech Co. Ltd., TOPKEY CORPORATION, Dengfu Sports Equipment Co. Ltd., Ideal Bike Corporation, Giant Manufacturing Co Ltd., and Others |
| Key Segment | By Material, Type, Distribution Channel, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Global Bicycle Frames Market: Growth Factors
The growing popularity of bicycling as a form of recreation is likely to propel market expansion. Increased acceptance of sports and leisure activities, as well as a preference for bicycles as a convenient form of exercise to maintain a healthy lifestyle free of problems such as obesity, are expected to drive market growth further. Bicycle sales are directly related to product sales, therefore increased bicycle use is predicted to boost the market growth. Rising environmental concerns are driving individuals to purchase bicycles, which will increase demand. A sizable proportion of the population prefers bicycles to other means of transportation for commuting.
The increasing traffic congestion and scarcity of parking space, particularly in metropolitan areas, are driving people to explore bicycle commuting for short distances in order to save time. Moreover, some governments are rapidly laying out the infrastructure needed to enable bicycle commuting, encouraging people to choose bicycles, and pushing bicycle frame demand by the forecast period. Furthermore, numerous bike aficionados have attempted to build their own customized bicycles by acquiring and installing various components such as frames and so on. In addition, many end consumers are interested in bicycle frames built of sophisticated materials in order to obtain more stability and toughness when riding.
Restraints
The high costs involved with customizing and developing bicycle frames are projected to stymie the expansion of the bicycle frames market. The unfavorable impact of COVID-19 on manufacturing industries is expected to pose a challenge to the bicycle frames market during the forecast period.
Browse the full “Bicycle Frames Market By Material (Aluminium, Steel, Carbon Fiber, Titanium, Others), By Type (Mountain, Hybrid, Road, Others), By Distribution Channel (Online, Offline), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/bicycle-frames-market
Bicycle Frames Market: COVID-19 Impact Analysis
Nearly every single industry in the world has suffered setbacks during the pandemic. This is because numerous precautionary lockdowns and other limitations imposed by governing bodies around the world have significantly disrupted each company's production and supply-chain operations. The market for bicycle frames is similar over the world. Additionally, as the majority of people's individual budgets have been negatively impacted by this epidemic, people are now more focused on cutting back on non-essential expenditure, which has therefore decreased consumer demand.
Throughout the forecast period, these variables are anticipated to have an impact on the global bicycle frames market's revenue growth. However, the global bicycle frames market is projected to return once regional regulatory authorities start to loosen these enforced restrictions.
Bicycle Frames Market: Segmentation Analysis
In terms of materials, carbon fiber has grown in popularity in recent years. This category is expected to develop the fastest during the projection period due to its ability to absorb stress while providing excellent handling. Furthermore, it is far lighter than steel, titanium, or aluminum, making it an ideal material for a superlight road bike.
In terms of Type, in the forecast period, the road bicycle sector represented the largest share of the market. Road bicycles accounted for the vast majority of the market share in the forecast period. It is expected to maintain its supremacy during the predicted period. This is due to the fact that the road bike is the most basic sort of bicycle, and does not require any advanced extras, such as those required by mountain bikes or other types of bikes. The growing trend of customizing road bicycles for specialized reasons is expected to contribute to category growth in the coming years.
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Competitive Landscape
The report contains qualitative and quantitative research on the Bicycle Frames Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main competitors dominating the global bicycle frames market include -
- ADK TECHNOLOGY CO., LTD
- Advanced International Multitech Co. Ltd.
- TOPKEY CORPORATION
- Dengfu Sports Equipment Co. Ltd.
- Ideal Bike Corporation
- Giant Manufacturing Co Ltd.
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the Bicycle Frames market is estimated to grow at a CAGR of around 5.9% over the forecast period (2022-2028).
- In Terms Of Revenue, The Bicycle Frames market size was valued at around US$ 23.8 billion in 2021 and is projected to reach US$ 32.01 billion by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on materials, the Carbon fiber's popularity has increased. Due to its capacity to absorb stress and provide outstanding handling, this category is predicted to grow the fastest.
- Based on Type, the road bicycle segment likely to dominate the overall market over the projected timeframe.
- On the basis of region, the Asia-Pacific dominates the bicycle frame industry because of the growing popularity of sports such as mountain and road bicycle racing.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Bicycle Frames industry?
- What are the main driving factors propelling the Bicycle Frames Market forward?
- What are the leading companies in the Bicycle Frames Industry?
- What segments does the Bicycle Frames Market cover?
- How can I receive a free copy of the Bicycle Frames Market sample report and company profiles?
Regional Dominance:
In the forecast period, Asia Pacific dominated the market, accounting for a major share of total revenue. This is due to the growing popularity of sports such as mountain and road bicycle racing in the region. During the forecast period, the area is likely to maintain its worldwide market dominance. In addition, due to the region's strong support for unique and customized frames, the market is estimated to grow. The anticipated increase in demand for bicycles for commuting, as well as the presence of a large bicycle fleet, is expected to fuel regional product demand in the future years.
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The global bicycle frames market is segmented as follows:
By Material
- Aluminum
- Steel
- Carbon Fiber
- Titanium
- Others
By Type
- Mountain
- Hybrid
- Road
- Others
By Distribution Channel
- Online
- Offline
By Region
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
To know an additional revised 2022 list of market players, request a sample report: https://www.fnfresearch.com/sample/bicycle-frames-market
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