Bicycle Frames Market Size, Share, Growth, And Industry Analysis By Type (Aluminum, Carbon Fiber, Titanium, Steel), By Application (Online, Offline) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

bicycle frames market Report Overview

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The global bicycle frames market size was USD 24467.63 million in 2021 and is expected to reach USD 34679.46 million by 2027, exhibiting a CAGR of 5.99% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the bicycle frames market experiencing higher/lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The bicycle frame forms the basic structure of the bicycle, which brings durability and rigidity to the bicycle. There are many frames on the market that are used to build different types of bikes such as bicycles, road bikes, mountain bikes, children's bikes and folding bikes. Bicycle frames vary in shape and size depending on the type of bicycle being built. Diamond, thru and cantilever  are some of the most common  bicycle frames and are made from a variety of materials, including aluminum, steel, titanium, carbon fiber and magnesium.

The bicycle frame forms the basic structure of the bicycle. It has features that ensure the design and safety of the bike. The frame forms the basic structure of the bicycle. This helps ensure the design and safety of the bike. The market growth is expected to accelerate due to the increasing number of people choosing cycling as a form of leisure. Popularization of sports and leisure activities and preference for cycling as a convenient mode of transportation, which ensures a healthy lifestyle free from diseases such as obesity and others, is estimated to further fuel the market growth. Bicycle sales are directly proportional to product sales, so increasing use of bicycles is expected to boost market growth.

COVID-19 Impact: Consumers Focused On Exercise During The Pandemic To Boost Market Growth

The COVID-19 pandemic led to many unprecedented measures to slow the spread of the virus. Such measures strongly influenced the entire transport system and travel behavior of individuals. Almost every industry in the world suffered setbacks during the pandemic. This was because many precautionary measures and other restrictions imposed by governing bodies around the world had significantly disrupted the production and supply chain operations of every company.

Latest Trends

"Increasing Awareness Regarding The Environment Fuel Market Expansion"

People are increasingly concerned about the environment, so they use bicycles instead of other means of transportation. People are considering cycling short distances due to increasing traffic jams and lack of parking spaces. In addition, some governments are increasing the infrastructure needed to enable cycling and encouraging people to choose bicycles. It is expected to lead the bicycle frame market during the forecast period.

bicycle frames market Segmentation

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• By Type Analysis

According to type, the market can be segmented into aluminum, carbon fiber, titanium, and steel. Aluminum is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into online, offline.

 Online will be the dominating segment.

Driving Factors

"Government Is Increasingly Focusing On Building Cycling Infrastructure to Boost Growth "

Bicycle infrastructure can include many accommodations that improve bicycle and scooter riding on roads, designated trails, and even sidewalks where permitted. It also provides bike racks, canopies, lockers, changing rooms, showers, traffic signs and general urban planning to facilitate bike routes. Municipalities around the world are increasingly supporting cycling as a means of transport to minimize traffic congestion, reduce air pollution and promote active lifestyles. The growing awareness of individuals about their health is another factor contributing to the bicycle frames market growth.

"Growing Zone Of Bicycling Experiences to Drive The Growth Of The Market "

Cycling organizations and premium bike companies are developing expert zones for advanced bikes to promote the adoption of these vehicles. These cycling experience zones feature man-made tracks and multiple undulations, mud holes, climbs and obstacles that help create an exciting path to excellence bike users can experience the thrill of riding a high class bike. In addition, major premium bike manufacturers host events to raise awareness of Experience Zones. The facilities also offer specialized assistance and training for advanced cyclists they know how to use a high quality bike. Bike trails promote outdoor culture and encourage amusement park owners and operators to explore adventure sports to the shore.

Restraining Factor

"High Costs Involved In Customization And Development to Slow Down Market Growth"

High costs involved in customization and development of bicycle frames are anticipated to restrain the expansion of the bicycle frames market. Adverse impact of COVID-19 on the industry will challenge the bicycle frame market during the forecast period.

bicycle frames market Regional Insights

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"Asia Pacific Continue To Lead Market Due To Growing Popularity Of Sports Activities"

Asia Pacific dominates the bicycle frames market share due to the growing popularity of sports activities such as mountain biking and road cycling. One of the main reasons behind the growth of the market is the growing young population of India. In addition, the growing popularity of various sports events such as road cycling and mountain bike racing in countries such as India, Sri Lanka, China, and Pakistan is boosting the Asia-Pacific carbon bicycle frame market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Market Players Profiled

• Giant Manufacturing Co Ltd. (Taiwan)
• Advanced International Multitech Co. Ltd. (Taiwan)
• Dengfu Sports Equipment Co. Ltd. (China)
• Quest Composite Technology Corporation (U.S.)
• SCOTT Sports SA (South Africa)
• Felt Racing (U.S.)
• Specialized Bicycle Components, Inc. (U.S.)
• Topkey Corporation (Taiwan)
• Ideal Bike Corporation (Taiwan)
• Velocite Tech Co Ltd. (Taiwan)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.