Global Bicycle Frames Market, By Material (Aluminum, Steel, Carbon Fiber, Titanium, Others), Type (Mountain Bicycle, Hybrid Bicycle, Road Bicycle, Others), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bicycle Frames Market
The bicycle frames market is expected to witness market growth at a rate of 6.00% in the forecast period of 2021 to 2028 and is expected to reach USD 32,386.67 billion by 2028. Data Bridge Market Research report on bicycle frames market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing number of people choosing bicycling as a form of leisure is escalating the growth of bicycle frames market.
Bicycle frame makes up the main structure of a bicycle which brings robustness and rigidity to the bike. Numerous frames are present in the market which are utilized to construct different types of bicycles including bikes, road bikes, mountain bikes, children's' bikes and folding bikes among others. Bicycle frames differ in shapes and sizes in accordance with the type of bike to be built. Diamond, step-through and cantilever among others are the most common shapes of bicycle frames and is manufactured using wide range of materials including aluminum, steel, titanium, carbon fiber and magnesium.
The rise in the adoption of sports and recreational activities, the increasing production and sales especially during the pandemic and inclination towards bicycle as a convenient form of exercise to ensure a healthy lifestyle are the major factors driving the bicycle frames market. The consumer preference of a bicycle over the other transportation modes for commutation, rising traffic congestion and shortage of parking space, especially in metropolitan cities and the growing environmental concerns is encouraging people to adopt cycling as transportation accelerate the bicycle frames market growth. The usage of bicycle commutation for short distances for saving time, government initiatives in the form of infrastructural development and increasing healthcare projects encouraging people to adopt cycling as means of transport and excursive influence the bicycle frames market. Additionally, growth in global population, rise in the incidences of obesity and lifestyle diseases, increasing health consciousness among consumers and the high adoption of cycle during the COVID-19 pandemic as sport positively affects the bicycle frames market. Furthermore, high demand for customized bicycles, installment of various components and advanced materials with the purpose of achieve better stability and robustness while riding and the integration of hand-built steel, titanium, carbon, or alloy frames extends profitable opportunities to the bicycle frames market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the customization and designing of bicycle frame are factors expected to obstruct the bicycle frames market growth. The negative impact of COVID-19 on the manufacturing industries is projected to challenge the bicycle frames market in the forecast period of 2021 to 2028.
This bicycle frames market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bicycle frames market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bicycle Frames Market Scope and Market Size
The bicycle frames market is segmented on the basis of material, type and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the bicycle frames market is segmented into aluminum, steel, carbon fiber, titanium and others.
- On the basis of type, the bicycle frames market is segmented into mountain bicycle, hybrid bicycle, road bicycle and others.
- On the basis of distribution channel, the bicycle frames market is segmented into online and offline.
Global Bicycle Frames Market Country Level Analysis
The bicycle frames market is analyzed and market size, volume information is provided by country, material, type and distribution channel as referenced above.
The countries covered in the globally bicycle frames market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the bicycle frames market because of the increasing popularity of sports activities such as mountain and road bicycle racing. North America is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the high espousal of innovative and personalized frames in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bicycle Frames Market Share Analysis
The bicycle frames market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bicycle frames market.
The major players covered in the bicycle frames market report are Robert Bosch GmbH, Siemens, BorgWarner Inc., ABB, Softing AG, HORIBA, SGS SA, Moog Inc., Fluke, Continental AG, AD Group, ADK Technologies, CICLI PINARELLO SRL, Felt Bicycles, Dengfu Sports Equipment Co.Ltd, Giant Bicycles, Kona Bikes, Ideal Bike Corporation, Quest Composite Technology Corporation, Pinion, Specialized Bicycle Components, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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