The Global Bicycle Carbon Frame Market Size is estimated to reach USD 2.76 billion by 2025. After years of decline in the sales of the bicycle across the globe, mainly due to a change in transportation dynamics, bicycles are now regaining their importance.
Bicycles, traditionally used as a mode of transportation are now being increasingly used for the recreational and sporting purpose. Bicycles such as mountain bikes are available in different variants in order to suit consumer demand. Another major factor in the growth of the global bicycle industry is soaring fuel prices coupled with increased traffic congestion as well as pollution. Moreover, health benefits associated with the riding bicycle is also a key factor to supplement the growth of the global bicycle carbon frames industry over the next few years.
At a regional scale, Europe is projected to account for largest bicycle carbon frames market share. Increasing inclination towards recreational touring coupled with the aim for decreasing carbon footprints is the key factor to drive market growth across matured economies such as Europe and North America. Asia Pacific is projected to witness substantial growth, mainly due to the impressive growth trend in China. The Chinese market accounts for a major chunk in the bicycle carbon frames market size. China is one of the top manufacturer as well as a major consumer of bicycles. The bicycle carbon frames industry in China is projected to grow around 6.7% CAGR over the forecast period.
In terms of market competition, the bicycle carbon frames industry is a highly competitive market with the presence of a large number of local and regional players. The rising number of local players, especially across Asia Pacific region is giving tough competition to the global players to maintain their bicycle carbon frames market share. Product differentiation is one of the major strategy adopted by key players to maintain their customer base. Some of the global players in the bicycle carbon frames market are Giant Manufacturing, Battaglin Cicli, Fuji Bikes, CKT, and Ritchey Design.
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