Global Bicycle Frames Market by Type (Road, Mountain, Hybrid), by Material (Steel, Aluminum) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global bicycle frames market was worth USD 20.6 billion in 2019. It is projected to grow at a 6.1% compound annual growth rate (CAGR), between 2020 and 2027. The basic structure of a bicycle is the bicycle frame. It provides safety and design functionality for the bicycle. It is the main structure of a HTML3_ bicycle HTML3_. It helps to design and ensure safety for the bicycle. Market growth is expected to be driven by the increasing popularity of bicycling as a leisure activity. Market growth will be further driven by the increasing popularity of recreational and sports activities, as well as the desire to use bicycles for exercise and a healthier lifestyle. The market growth is expected to be driven by increasing bicycle use. Bicycle sales directly correlate with product sales.

People are increasingly turning to bicycles due to rising environmental concerns. This will increase the demand. A large portion of the population prefers to commute by bicycle to other modes of transportation. People are increasingly considering bicycle commuting for short distances to save time and avoid traffic jams, particularly in major cities. Many governments are increasing the infrastructure needed to support bicycle commutation. This encourages people to choose bicycles, driving up the demand for bicycle frames by 2027.

Many bike enthusiasts are also trying to make their own custom bicycles, by purchasing and installing various components like frames. Many end users are also interested in frames made from advanced materials for better stability and durability while riding.

The demand to upgrade an existing bicycle or design a custom-built bike is a major driver of the bicycle frames market. Bicycle manufacturers can now choose from hand-built steel, carbon, titanium, or alloy frames. These frames offer better performance. The choice of frame material is a key factor in the design and functioning of bicycles. This presents a huge opportunity for cycle manufacturers. The customization cost is more expensive than regular frames.

Material Insights

Aluminum dominated the market in terms of value with 32.4% of the market share in 2019. A bicycle frame is an integral part of the bicycle. It can be attached to many other components, including handles, handles, forks, paddling mechanism, tires, handlebars, handles and so forth. Frames can be made from a variety of materials, including steel, aluminum and titanium as well as carbon fiber. Steel and aluminum have been the most popular materials for making frames that are strong over the years.

In 2019, aluminum frames held the majority of the market and is expected to grow significantly over the forecast period. Because of its flexibility and ease of use, steel frames held a substantial market share in 2019. Carbon fiber has been growing in popularity over the past few years. Carbon fiber is expected to grow the fastest over the forecast period because it can absorb shock and offer fine handling. It is also lighter than aluminum, steel, titanium and aluminum, making it suitable for superlight road bikes.

Type Insights

In 2019, the road bicycle segment represented 39.8%. There are many types of frames that can be used to build different types of bicycles, including hybrid bikes, mountain bikes, and road bikes. Road bicycles held the largest market share in 2019, with a majority of sales. It is expected to maintain its dominance throughout the forecast period. The fact that the road bike is the most basic type, and does not require any advanced accessories such as those required for mountain bikes or other types of bikes, can explain this.

In the future, the segment will see significant growth due to the rising trend in customizing road bikes for specific uses. The mountain bike segment will also see significant growth in the coming years. This can be attributed to the fact that mountain biking is increasingly popular among millennials as a form both of adventure and leisure.

Distribution Channel Insights

The highest revenue share was held by offline distribution channels, which accounted for 58.1% of the total market in 2019. The market can be divided into two types based on its distribution channel. Many consumers prefer to purchase bicycle frames from authorized brand shops. These stores offer a wide range of frames and personalized service. This allows consumers to understand and study the various aspects of the product and make an informed decision.

The fastest growth rate for online distribution channels is expected to be between 2020 and 2027. Online channels will be more popular due to their ease of use and smooth shopping experience. These distribution channels are also gaining popularity with the working population due to the ease of shopping online and the convenience they offer over offline channels. To directly interact with consumers, key players can also sell products via their online portals. This allows them to better understand their needs and provide feedback.

Regional Insights

Asia Pacific was the dominant market, with 32.6% of the revenue in 2019. This can be attributed to the growing popularity of sport activities like mountain biking and road cycling in the region. It is expected that the region will continue to dominate the global market until 2027. Over the forecast period, North America will hold a strong market share. This can be attributed to the high adoption of personalized and innovative frames in the region. Europe held a market share of over 20% in 2019. In the coming years, the region will see a rise in bicycle commuter demand and the presence a large bicycle fleet.

Market Share Insights & Key Companies

Manufacturers of key brands try to preserve their brand value by purchasing frames from other OEMs. Bike enthusiasts can also build custom bicycles thanks to the wide range of frames available. Over the last few years, custom frames have been very popular with both professional and amateur cyclists. Companies are focusing on product differentiation to increase their market share in the face of increasing competition. To maintain a competitive edge, key players use strong distribution networks and implement different strategies to increase their market share. These players are pursuing expansion and growth by forming partnerships, mergers, acquisitions, and contractual agreements. Companies are also investing in R&D to create new products. The market leader in bicycle frames is:

• ADK TECHNOLOGY CO. LTD

• Advanced International Multitech Co. Ltd.

• TOPKEY CORPORATION

• Dengfu Sports Equipment Co. Ltd.

• Ideal Bike Corporation

• Giant Manufacturing Co Ltd.

Up Market Research published a new report titled “Bicycle Frames Market research report which is segmented by Type (Road, Mountain, Hybrid), by Material (Steel, Aluminum), By Players/Companies TOPKEY CORPORATION, Dengfu Sports Equipment Co Ltd, Advanced International Multitech Co Ltd, Giant Manufacturing Co Ltd, ADK TECHNOLOGY CO LTD, Ideal Bike Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bicycle Frames Market Report Segments:

The market is segmented by Type (Road, Mountain, Hybrid), by Material (Steel, Aluminum).

Bicycle Frames Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bicycle Frames Market

Overview of the regional outlook of the Bicycle Frames Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Bicycle Frames Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Bicycle Frames Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Road

                2. Mountain

                3. Hybrid

                1. Steel

                2. Aluminum

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bicycle Frames Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Bicycle Frames Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.