PUBLISHER: Market Research Future | PRODUCT CODE: 1499360
PUBLISHER: Market Research Future | PRODUCT CODE: 1499360
Global Bicycle Frames Market Research Report by Method (Traditional, Hydroforming Casting), By Type (Electric Bicycle (E-Bike), Muscular Bike (Non-Electric Bike)), By Frame Type (Moto-Style Frames, Step-Through Frames, Mountain Bike Frames, Road Or Step-Over Frames, City Bike Frames, Folding Bike Frames, Hybrid Bike Frames, Cargo Bike Frames) By Frame Material (Aluminum, Steel, Titanium, Carbon Fibers), By Application (City/Urban, Mountain/Trekking, Others), By Manufacturing Model (OEM/ODM,OBM), By Region - Industry Forecast Till 2032
According to projections, the global bicycle frame market will expand at a compound annual growth rate (CAGR) of 5.7% from USD 26,651.2 million in 2023 to USD 43,909.5 million by 2032.
Since they are the primary source of stability, bicycle frames are the most important part of the bike. The crucial component of a bicycle is the frame, which is where the wheels and other parts are mounted. The most common frame design for an elevated bicycle nowadays is based on safety. The two triangles that make up a bicycle are the front triangle and the paired rear triangle. The frame provides strength and stiffness, which mostly determines how the handling is done. Every kind of frame has a certain purpose and is appropriate for a particular kind of riding. A variety of materials, including carbon fiber, titanium, steel, and aluminum, are used to make frames. Every material is better suited for a particular sort of riding due to its unique qualities.
Because riding is becoming more and more popular and people are becoming more aware of its health and environmental benefits, the market for cycle frames is predicted to expand. Despite having the potential to be far more prevalent, cycling remains a popular form of personal transportation worldwide. Due to its affordability, ease of use, and health advantages, cycling may make up a considerably larger portion of urban passenger transportation; this would help reduce CO2 emissions and world energy consumption. In contrast to many other industries, bicycle manufacturing continues to expand and is fueled in part by e-bike sales. Many local governments have acted throughout the pandemic to encourage and support increased cycling, often with financial help from state and federal governments.
Insights on Market Segments
The bicycle frame market is segmented into three categories based on method: traditional, hydroforming, and casting. The bicycle frames market is divided into two categories based on type: electric bikes (E-bikes) and muscular bikes (non-electric bikes).
Moto-Style Frames, Step-Through Frames, Mountain Bike Frames, Road or Step-Over Frames, City Bike Frames, Folding Bike Frames, Hybrid Bike Frames, and Cargo Bike Frames are the market segments based on the Frame Type. The bicycle frame market is divided into four segments based on the kind of frame material: carbon fiber, steel, titanium, and aluminum.
The market segmentation for bicycle frames is City/Urban, Mountain/Trekking, and Others based on the application. OEM/ODM and OBM make up the market segmentation based on the Manufacturing Model.
Regional Perspectives
In 2022, the market share of bicycle frames in Asia-Pacific was approximately 47%. The report offers market insights by region for the following regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2022, the market share of bicycle frames in Asia-Pacific was approximately 47%. The strong expansion and substantial market presence in nations throughout Asia-Pacific are reflected in this regional domination.
Europe was a major player in the bicycle frames market in 2022, adding to the dynamics of the sector. There is a significant cycling culture in the area, and people prefer to travel by bicycle and engage in recreational activities on them. European customers frequently place a premium on superior materials and designs, which affects the market for a variety of Cycle Frame kinds.
In 2022, North America also showed significant influence in the bicycle frame market. Growing interest in cycling was observed in the region, fueled by things like the development of bike infrastructure in urban areas, environmental concern, and an emphasis on healthy living. The demand for unique and specialized Cycle Frame is high among North American consumers, which fuels market expansion.
Principal Players
Maxway Cycles Co., Ltd., Kinesis Industry Co., Ltd., LightCarbon Composite Technology Co., Ltd., AD Group, Dengfu Sports Equipment Co., Ltd., MERIDA BIKES, INT'L Corp, Romet, VDL Bike Frame Technologies, Hero Cycles, and Other Players are some of the major companies in the bicycle frames market.