Bicycle Frames Market Revenue to close at USD 27438.4 million by 2027
Posted On September 29, 2021
The Global Bicycle Frames Market is foreseen to grow at a remarkable CAGR of 5% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 27438.4 million by 2027. Due to ever-increasing traffic congestion and parking space shortages, the customers preference for a bicycle over other forms of transportation for commuting is a crucial driver impacting the bicycle frames industry. In the forecast period, rising worries about air pollution and increased health awareness among people around the world are expected to boost bicycle frame demand. The expensive cost of customising and designing bicycle frames, on the other hand, may stifle the market in the long run.
The basic structure of a bicycle makes up the bicycle frame, offering it strength and a disctinct shape. Steel is the most common material used for making frames. Other materials being aluminum, carbon fiber titanium amonth others. Bicycle frames come in a variety of shapes and sizes depending on the type of bike being made. Current industry trends, such as the increased usage of carbon fibre and titanium in the manufacture of bicycle frames, livestock, and food, are projected to open up new market prospects for market players.
The geographical and segmentation study covered in the report "Global Bicycle Frames Market Report By Material (Aluminum, Steel, Carbon Fiber, Titanium, Others), By Type (Mountain, Hybrid, Road, Others), By Distribution Channel (Online, Offline) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of material the market is segmented into Aluminum, Steel, Carbon Fiber, Titanium, Others. By type the bicycle frames market is categorised as Mountain, Hybrid, Road, Others. By distribution channel the bicycle frames market is categorised as Online, Offline. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Bicycle Frames Market -
- Carbon Fiber
By Distribution Channel
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
ADK Technology Co., Ltd., Top Key Corporation, Advanced International Multitech Co. Ltd., Dengfu Sports Equipment Co. Ltd. Giant Manufacturing Co Ltd., and Ideal Bike Corporation.
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