Market Research Report
Bicycle Frames - Global Market Outlook (2019 -2027)
|Bicycle Frames - Global Market Outlook (2019 -2027)|
Published: November 1, 2020
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Bicycle Frames Market is accounted for $20.60 billion in 2019 and is expected to reach $35.66 billion by 2027 growing at a CAGR of 7.1% during the forecast period. Rising environmental concerns, rising traffic congestion and shortage of parking space, especially in metropolitan cities are the major factors propelling the market growth. However, cost associated with customization is hampering the market growth.
A bicycle frame forms the basic structure of a bicycle. It has the functionality to provide safety and design to the bicycle. Traditional usage of steel as a material for bicycle frames has continued over centuries. Although there have been such oddities as bamboo and plastic frames over the years, current bicycle frames are made of one or more of these four materials: steel, aluminum, titanium and, carbon fiber.
Based on the distribution channel, the online segment is going to have a lucrative growth during the forecast period due to the factors including smooth shopping experience and ease of payment. Moreover, these distribution channels are gaining significant popularity among the working population ascribed to the accessibility the online stores offer over the offline channels. Key players also sell products through their own online portals to directly connect with the consumers, which enables them to understand their requirements and feedback.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increasing popularity of sporting activities such as mountain biking, road cycle touring, etc. The region is expected to maintain its dominance. The predicted rise in demand for bicycles for commutation and the presence of large bicycle fleet is further expected to drive the regional product demand in the forthcoming years.
Some of the key players profiled in the Bicycle Frames Market include: Advanced International Multitech Co. Ltd, ADK Technology Limited, Cicli Pinarello SRL, Felt Racing, Dengfu Sports Equipment Co. Ltd, Giant Manufacturing Co Ltd, Ideal Bike Corporation, Quest Composite Technology Corporation, Pinion GmbH, Specialized Bicycle Components, Inc, SCOTT Sports SA, Velocite Tech Co Ltd, and TOPKEY CORPORATION.
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options: