Research report published by Proficient Market Research “Bicycle Carbon Fiber Frames Market, By Type (Road Bicycle Frames, Mountain Bicycle Frames, Hybrid Bicycle Frames, and Others); By Distribution Channel (Online, and Offline); Market – Growth, Future Prospects, Post COVID-19 Scenario 2020 – 2028”, states that the global bicycle carbon fiber frames market is expected to grow at a CAGR of 11.0% during the forecast period from 2021 to 2028.
The frame of the bicycle is one of the important parts while buying a bicycle. It plays key role in the performance of the bicycle as it affects weight balance of the bicycle. Bicycle frames evolved to offer better riding quality and safety over the period of time. With the development in carbon fiber-based frames for bicycles the demand has significantly increased in mountain biking, and other sports. Carbon fiber composites offer toughness, low weight, strength, durability and ease of use parameters compared to other materials currently available in market for bicycle frame manufacture. Carbon fiber frames also offers a better option for rider’s demand for high performance bicycles. Growing inclination towards recreational sports as well as tourism are some of the major factors driving the demand for bicycles across the globe, thereby, supporting the sale of bicycle carbon frame.
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Various types of bicycle carbon fiber frames are road bicycle frames, mountain bicycle frames, hybrid bicycle frames, and others. In that, road bicycle frame segment holds the highest share owing to the fact that road bicycle is utmost basic category of bicycle, which do not require any complicated accessories, such as those essential by the mountain, or any other category of bicycles. Moreover, depending on distribution channel the market is classified as online, and offline. the overall bicycle carbon fiber frames market was led by the offline segment in terms of market value. As, most of the consumers choose to purchase bicycle frames from local approved brand stores as they have a great variety of frames to select from within and also offer modified service and physical authentication of products before buying.
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Some of the major key players operating in the bicycle carbon fiber frames market include CKT (Sunny Crown Enterprises Co., Ltd.), Giant Bicycles, Fujitsu Limited, CICLI PINARELLO SRL, F.I.V. Edoardo Bianchi S.p.A, Niner Bikes, Santa Cruz Bicycles, Wilier Triestina S.p.A., Bridgestone Cycle Co. LTD., Pivot Cycles, SCOTT Sports SA, Argon 18, RITCHEY DESIGN, INC., Lightcarbon Composite Technology Co., Ltd. And ICAN Cycling among others.
Recent News and Development:
In February 2021, Giant Bicycles introduced the Giant XtC Advanced SL 29 which is a special limited-edition replica frameset
In February 2021, Lightcarbon Composite Technology Co., Ltd. introduced 2021 New LightCarbon Full Suspension Carbon Frame LCFS947
In July 2020, CICLI PINARELLO SRL launched the new bicycles collection for the new season
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Based on type, the bicycle carbon fiber frames market is segmented into the following:
Road Bicycle Frames
Mountain Bicycle Frames
Hybrid Bicycle Frames
Others (Track bicycles, Cyclocross bicycle)
Road Bicycle Frames segment held the overall bicycle carbon fiber frames market
In 2020, road bicycle frame segment led the overall bicycle carbon fiber frames market. This is due to the fact that road bicycle is utmost basic category of bicycle, which do not require any complicated accessories, such as those essential by the mountain, or any other category of bicycles. Additionally, increasing inclination towards customization of the road bicycle for the specific purpose is anticipated to contribute growth of the segment in forthcoming years.
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Based on distribution channel, the bicycle carbon fiber frames market is segmented into following:
Offline segment held the overall bicycle carbon fiber frames market in terms of market value
In 2020, the overall bicycle carbon fiber frames market was led by the offline segment in terms of market value. As, most of the consumers choose to purchase bicycle frames from resident approved brand stores because they have a different category of frames to select from within and also offer modified service as well as physical authentication of products before buying. In addition, online is expected to witness the fastest growth during the forecast period from 2021 to 2028.
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Asia Pacific held the largest share in the bicycle carbon fiber frames market in terms of market value
In 2020, the overall bicycle carbon fiber frames market was led by the Asia Pacific region in terms of market value due to the rising popularity of sports events such as mountain as well as road bicycle racing. A substantial percentage of the population in Asia pacific chooses usage of a bicycle over the other transport means for commutation. Moreover, increasing traffic overcrowding as well as lack of parking space, particularly in metropolitan areas, is inspiring people to ponder bicycle commutation for short distances to saving time.
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