According to Value Market Research, the Global Carbon Fiber Bike Market was valued USD 2.2 BN (by revenue) in 2018 and is anticipated to reach USD 3.6 BN by 2025 with a CAGR of 7% from 2019 to 2025. Carbon fiber bikes are manufactured by a reinforced polymer which is strong and durable in creation while also light in weight at the same time because the materials used are non-metallic. Carbon fiber is stronger than steel and also make bikes corrosion resistant. These bikes are extremely customizable as they are available in different shapes and designs. These bikes are ideal for racing as they are sturdy and incredibly aerodynamic which offer to produce maximum pedaling efficiency.
The rising demand for high-performance bike along with the shifting preferences of people towards leisure activities such as cycling and trekking is primarily propelling the market growth. Also, the advent of bikes made of advanced materials such as polymer and carbon and growing usage of carbon fiber bikes for sports activities is further expected to enhance market growth. Moreover, the rising number of sports games such as racings coupled with the growing number of bikes manufacturer around the globe is also anticipated to boost the market demand.
The report “Global Carbon Fiber Bike Market Report By Product (Road Bikes, Mountain Bikes, And Others), Application (Bicycle Racing, Bicycle Touring, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025” offer all the important market information.
Market segmentation includes product, application, and region. Product segment cover road bikes, mountain bikes, and others. Out of which, road bikes are gaining traction in the market owing to the rising usage of road bikes for commuting purpose as it is inexpensive. Application segment encompasses bicycle racing, bicycle touring, and others. Bicycle racing has emerged as the largest application area because these bikes are ideal for sports racing as they are highly durable and light in weight which offers high pedaling performance. Regional segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the overall market owing to the rising usage of carbon fiber bikes for recreational activities, sports, and adventures in the region.
The Report Segments Global Carbon Fiber Bike Market -
Middle East & Africa
Players Profiled In The Report:
Battle FSD, COLNAGO, CUBE, Giant Bicycles, Kestrel Bicycles, LOOK, MARMOT, MERIDA, SwiftCarbon, Trek Bicycle Corporation, and others
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