The Global Bicycle Frames Market is expected to rise at annual rate 6.00% in the forecast period of 2021 to 2028 due to the growing number of people choosing bicycling as a form of leisure.
On the other hand, high cost associated with the customization and designing of bicycle frame is expected to obstruct the market growth in the above mentioned forecast period. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the bicycle frames market.
According to Data Bridge Market Research the market for the bicycle frames market is escalating due to the rise in the adoption of sports and recreational activities and inclination towards bicycle as a convenient form of exercise to ensure a healthy lifestyle. Additionally, growing environmental concerns is encouraging people to adopt cycling as transportation and government initiatives in the form of infrastructural development positively affect the bicycle frames market. Furthermore, high demand for customized bicycles and installment of various components and advanced materials extends profitable opportunities to the market players.
Now the question is which are the other regions that bicycle frames market is targeting? Data Bridge Market Research has estimated Asia-Pacific dominates due to the increasing popularity of sports activities such as mountain and road bicycle racing. North America is expected to witness significant growth in the forecast period of 2021 to 2028 ownig to the high espousal of innovative and personalized frames in the region.
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The bicycle frames market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of bicycle frames companies contact https://www.databridgemarketresearch.com/toc/?dbmr=global-bicycle-frames-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Bicycle Frames Market – Industry Trends and Forecast to 2028