Titanium Bicycles Market Size, Share, Growth, and Industry Analysis by Type (Road Bikes, Mountain Bikes and Other) By Application (Amateur and Professional), Regional Forecast To 2031

Updated On: 15 April 2024

Titanium Bicycles Market REPORT OVERVIEW

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The global titanium bicycles market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

Rising attraction towards cycling as sports will help to boost global titanium bikes market. Titanium is desirable because it’s lighter than steel and stronger than steel and aluminium. It has various properties such as high fatigue strength means a titanium frame should last forever. It’s those traits that have confirmed it has continued to be a popular choice with cyclists wanting a fine riding frame that will last the length of time. This growth is primarily driven by High Demand Due to Light Weight Product and Rising Adoption due To Various Properties such as Strength, Powerfully agile.

COVID-19 Impact: Disrupted Supply Chain to Challenge the Market Demands

Markets across the board have suffered as a result of the pandemic's spread. Due to shuttered production facilities and a disturbed supply chain, titanium bicycle sector also experienced an early slump. The titanium bicycle market, however, saw a boom in the second half of 2020 following an early slump, as a result of an unexpected increase in cycling demand.

LATEST TRENDS

"Trend Towards Adoption of Electric Bicycles to Propel the Market Growth"

In the long run, it is anticipated that the current trend toward the adoption of electric bicycles will continue unabated. The public prefers e-bikes as one of the most effective green transportation options due to the growing awareness of environmental issues and the stricter emission requirements and laws. It is also predicted that the government's provision of tax breaks and incentives for e-bike purchases would increase demand in the years to come.

Moreover, it is predicted that throughout the projection period, the market would develop at a faster rate due to the growing trend toward the adoption of micro-mobility for personal transportation caused by increasing urban traffic congestion, a lack of parking places, and rising fuel prices. One of the main causes of the trend toward the adoption of e-bikes is the decline in the cost of lithium-ion batteries.

Titanium Bicycles Market Segmentation

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• By Type Analysis

By type, market is segmented into road bikes, mountain bikes and other. The road bikes type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into amateur and professional. The amateur segment will lead the global share through 2031.

DRIVING FACTORS

"Government Initiatives, Funding and Adoption of Strict Emission Standards to Boost the Market"

The population's adoption of titanium bicycles is anticipated to increase as a result of the government's focus on funding the construction of cycling infrastructure. Almost all of the developed economies are making considerable investments in constructing new bike lanes and carrying out different initiatives to improve the infrastructure for both pedestrians and cyclists. Local governments in Ireland, for instance, pledged money for the construction of infrastructure for bikes and pedestrians that was almost three times as much as that allocated for urban transportation.

In order to minimize carbon emissions and combat climate change, governments all over the world are adopting strict emission standards. Moreover, they are also proposing various scrapping rules for conventional or fossil fuel-powered automobiles. Hence, rising customer demand for electric cars and growing uncertainty about the adoption and continued usage of traditional or fossil fuel-powered vehicles are projected to propel the expansion of the titanium bicycle market in the years to come.

"Rising Interest in Adventure Sports and Technological Advancements to Impel the Market Growth"

 The rising interest in adventure sports like mountain biking and cycling-related activities like BMX racing, among others, is having a big impact on the market for titanium bicycles worldwide. Also, the rising number of cycling sports clubs and their alluring marketing tactics are encouraging people of all ages to take up cycling as a recreational activity, which is anticipated to further drive the expansion of the titanium bicycle market in the years to come.

In addition, technological advancements like connected bikes, the use of advanced materials for lightweight & efficiency, and the creation of electrically powered bikes are some of the popular trends that are likely to accelerate the growth of the titanium bicycle market over the course of the forecast period.

RESTRAINING FACTORS

"Availability of Alternative Transportation Options to Limit the Market Growth "

 The availability of alternative transportation options including motorcycles, scooters, and other micro-mobility solutions with a longer travel range than e-bikes is projected to restrain market growth over the projection period. One of the problems limiting the market for titanium bicycles is also the delay in delivery brought on by the lack of semiconductor chips caused by the pandemic.

Titanium Bicycles Market REGIONAL INSIGHTS

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"Asia Pacific’s Titanium Bicycle Market to Grow Exponentially with the Forecasted Period"

Asia Pacific currently holds the majority of the global titanium bicycle market share and is anticipated to keep this position throughout the forecast period. In developing Asian nations, cycling is one of the main forms of transportation. The largest market share in Asia Pacific was held by China. The region's market is expanding as a result of China's high demand for e-bikes. In addition, it is projected that the industry would see development in the coming years as a result of the rising popularity of bike-sharing services in China as a viable alternative to public transportation. Also, the growing inclination for cycling among Indian urban dwellers, particularly those in Mumbai, Delhi, and other cities, for transportation and exercise is projected to boost market expansion in the area.

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 in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Van Nicholas (Netherlands)
• Lynskey (U.S.)
• Litespeed (U.S.)
• Moots Cycles (U.S.)
• Seven (Australia)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.