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This report segments the bicycle carbon frames market by application (manual bicycles and e-bikes) and geography (APAC, Europe, North America, South Americaand MEA)
NEW YORK, June 9, 2022 /PRNewswire/ — Bicycle carbon frames are manufactured with carbon fiber material. These frames have properties such as high stiffness, low weight, and high strength. They reduce bicycle weight and increase performance, which has increased their popularity in the global bicycle market.
The global bicycle carbon frames market size is expected to grow by 5935.37 thousand units from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 14.89% during the forecast period, according to Technavio’s latest market report.
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By application, the manual bicycle segment will have significant market share growth during the forecast period. The demand for manual bicycles is high, as they are affordable and easy to use. In recent years, the adoption of carbon frames in the manual bicycles segment has increased owing to the rising demand for bicycles that are lightweight and durable.
By geography, APAC will account for the highest market share growth during the forecast period. The rising disposable income of major emerging economies such as India and China and the increasing youth population in India will drive the growth of the market in APAC during the forecast period. Moreover, market growth in this region will be faster than the growth of the market in Europe. China and Taiwan are the key countries for the bicycle carbon frames market in APAC.
The increasing demand for premium bicycles is driving the market. Premium bicycles offer enhanced riding and safety features. Hence, their demand is increasing. They are made using advanced technologies and high-end materials, such as carbon fiber. The target customers of these bicycles include cycling enthusiasts, adventure seekers , and urban commuters. Developing countries such as China and India are witnessing high demand for premium bicycles owing to the increasing disposable incomes and rising demand for adventure cycling.
Government initiatives promoting the adoption of bicycles are the key trends in the market. Governments of several countries are promoting bicycles as an alternate means of transportation. For instance, there are designated lanes for bicycles in the Netherlands, Germanyand the UK. Such initiatives are leading to the growth of the market.
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- Advanced Sports Inc. – The company offers bicycle carbon frames such as Track Elite Frame, with C10 high modulus carbon, and RIB(Reinforced I-Beam) technology.
- Battaglin Italia Srl – The company offers bicycle carbon frames such as Altair, Amarcord, and Casanova.
- Cicli Pinarello Srl – The company offers bicycle carbon frames such as DOGMA F12 DISC and DOGMA F12 RIM.
- Giant Manufacturing Co. Ltd. – The company offers bicycle carbon frames such as Propel Advanced SL Disc, TCR Advanced SL, and others.
- Pending System GmbH & Co. KG – The company offers bicycle carbon frames such as Attain GTC SL, Attain SL, and others.
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist bicycle carbon frames market growth during the …
Full story available on Benzinga.com
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