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Bicycle Carbon Frames Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 119
  • SKU: IRTNTR43936
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The bicycle carbon frames market share is expected to increase by 5935.37 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.89%.

This bicycle carbon frames market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bicycle carbon frames market segmentations by application (manual bicycles and e-bikes) and geography (APAC, Europe, North America, South America, and MEA). The bicycle carbon frames market report also offers information on several market vendors, including Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd. among others.

What will the Bicycle Carbon Frames Market Size be During the Forecast Period?

Bicycle Carbon Frames Market Size

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Bicycle Carbon Frames Market: Key Drivers, Trends, and Challenges

The increasing demand for premium bicycles is notably driving the bicycle carbon frames market growth, although factors such as high costs associated with bicycle carbon frames may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle carbon frames industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bicycle Carbon Frames Market Driver

The increasing demand for premium bicycles is notably driving the bicycle carbon frames market growth. The demand for premium bicycles is increasing across the world, owing to their enhanced riding and safety features. Premium bicycles are built using advanced technologies and modern designs by using high-end materials, such as carbon fiber, to offer comfort and durability. The price of a premium bicycle is more than $700. Cycling enthusiasts, adventure seekers, and urban commuters are the target customers for these bicycles. Developing countries, such as China and India, are witnessing strong growth in the demand for premium bicycles due to the increasing disposable incomes and rising affinity toward adventure cycling. 

Key Bicycle Carbon Frames Market Trend

Government initiatives promoting the adoption of bicycles is the key market trend driving the bicycle carbon frames market growth. Governments of several countries are promoting bicycles as an alternate means of transportation. They are investing in improving transportation infrastructure to encourage more people to take upcycling. Many cities have adopted their own bicycle master plans. For instance, in the Netherlands, Germany, and the UK, there are designated lanes for bicycles. In the Netherlands, cyclists can claim incentives of $0.22 per kilometer from their employers for commuting on bicycles. Multinational companies, such as Apple Inc., Facebook Inc., and Microsoft Corp., are encouraging their employees to cycle to work. Such initiatives act as a crucial driver for the growth of the market in focus.

Key Bicycle Carbon Frames Market Challenge

The major challenge impeding the bicycle carbon frames market growth is the high costs associated with bicycle carbon frames. Bicycle carbon frames constitute a large portion of the price of carbon fiber bicycles. Hence, the cost of carbon frames impacts the pricing of carbon fiber bicycles significantly. As the demand for lightweight and durable bicycles is increasing in the market, carbon fiber bicycles are seen as a crucial solution for bicycle manufacturers to satisfy this demand. However, the cost of carbon frames is higher than aluminum frames, which are their closest alternative. It is essential for mountain bicycles to be light, sturdy, and reliable to ensure a safe journey. The use of carbon frames increases the cost of these bicycles significantly, which poses a major challenge for the adoption of mountain bicycles in emerging economies worldwide. 

This bicycle carbon frames market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global bicycle carbon frames market is a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bicycle carbon frames market during the forecast period.

Who are the Major Bicycle Carbon Frames Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Advanced Sports Inc.
  • Battaglin Italia Srl
  • Cicli Pinarello Srl
  • Giant Manufacturing Co. Ltd.
  • Pending System GmbH & Co. KG
  • Planet X Ltd.
  • Ritchey Design Inc.
  • Specialized Bicycle Components Inc.
  • Sunny Crown Enterprises Co. Ltd.
  • Tube Investments of India Ltd.

 

This statistical study of the bicycle carbon frames market encompasses successful business strategies deployed by the key vendors. The bicycle carbon frames market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Advanced Sports Inc. - The company offers bicycle carbon frames such as Track Elite Frame, with C10 high modulous carbon, and RIB(Reinforced I-Beam) technology.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bicycle carbon frames market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bicycle Carbon Frames Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bicycle carbon frames market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Bicycle Carbon Frames Market?

Bicycle Carbon Frames Market Market segmentation by region

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42% of the market's growth will originate from APAC during the forecast period. China and Taiwan are the key markets for bicycle carbon frames market in APAC. Market growth in this region will be faster than the growth of the market in Europe.

The rising disposable income of major emerging economies such as India and China and the increasing youth population in India are the crucial factors that will facilitate the bicycle carbon frames market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Bicycle Carbon Frames Market?

Bicycle Carbon Frames Market Segmentation

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The bicycle carbon frames market share growth by the manual bicycle segment will be significant during the forecast period. The demand for manual bicycles is high because of their affordable prices and easy-to-use functions. The adoption of carbon frames in the manual bicycles segment has increased in recent years, owing to the rising demand for lightweight and durable bicycles.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bicycle carbon frames market size and actionable market insights on post COVID-19 impact on each segment.

 

Bicycle Carbon Frames Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.89%

Market growth 2021-2025

5935.37 thousand units

Market structure

Fragmented

YoY growth (%)

13.13

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

China, Taiwan, Germany, Italy, US, and Vietnam

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Bicycle Carbon Frames Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bicycle carbon frames market growth during the next five years
  • Precise estimation of the bicycle carbon frames market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bicycle carbon frames industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bicycle carbon frames market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis – Leisure products market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand units)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Manual bicycles - Market size and forecast 2020-2025
      • Exhibit 17: Manual bicycles - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 18: Manual bicycles - Year-over-year growth 2020-2025 (%)
    • 5.4 E-bikes - Market size and forecast 2020-2025
      • Exhibit 19: E-bikes - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 20: E-bikes - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 (thousand units)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography (thousand units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive landscape
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Advanced Sports Inc.
            • Exhibit 43: Advanced Sports Inc. - Overview
            • Exhibit 44: Advanced Sports Inc. - Product and service
            • Exhibit 45: Advanced Sports Inc. - Key offerings
          • 10.4 Battaglin Italia Srl
            • Exhibit 46: Battaglin Italia Srl - Overview
            • Exhibit 47: Battaglin Italia Srl - Product and service
            • Exhibit 48: Battaglin Italia Srl - Key offerings
          • 10.5 Cicli Pinarello Srl
            • 10.6 Giant Manufacturing Co. Ltd.
              • Exhibit 52: Giant Manufacturing Co. Ltd. - Overview
              • Exhibit 53: Giant Manufacturing Co. Ltd. - Product and service
              • Exhibit 54: Giant Manufacturing Co. Ltd. - Key offerings
            • 10.7 Pending System GmbH & Co. KG
              • Exhibit 55: Pending System GmbH & Co. KG - Overview
              • Exhibit 56: Pending System GmbH & Co. KG - Product and service
              • Exhibit 57: Pending System GmbH & Co. KG - Key offerings
            • 10.8 Planet X Ltd.
              • Exhibit 58: Planet X Ltd. - Overview
              • Exhibit 59: Planet X Ltd. - Product and service
              • Exhibit 60: Planet X Ltd. - Key offerings
            • 10.9 Ritchey Design Inc.
              • Exhibit 61: Ritchey Design Inc. - Overview
              • Exhibit 62: Ritchey Design Inc. - Product and service
              • Exhibit 63: Ritchey Design Inc. - Key offerings
            • 10.10 Specialized Bicycle Components Inc.
              • Exhibit 64: Specialized Bicycle Components Inc. - Overview
              • Exhibit 65: Specialized Bicycle Components Inc. - Product and service
              • Exhibit 66: Specialized Bicycle Components Inc. - Key offerings
            • 10.11 Sunny Crown Enterprises Co. Ltd.
              • Exhibit 67: Sunny Crown Enterprises Co. Ltd. - Overview
              • Exhibit 68: Sunny Crown Enterprises Co. Ltd. - Product and service
              • Exhibit 69: Sunny Crown Enterprises Co. Ltd. - Key offerings
            • 10.12 Tube Investments of India Ltd.
              • Exhibit 70: Tube Investments of India Ltd. - Overview
              • Exhibit 71: Tube Investments of India Ltd. - Product and service
              • Exhibit 72: Tube Investments of India Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 73: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 74: Research Methodology
                • Exhibit 75: Validation techniques employed for market sizing
                • Exhibit 76: Information sources
              • 11.4 List of abbreviations
                • Exhibit 77: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Bicycle Carbon Frames Market market growth will increase by $5935.37 thousand units during 2021-2025.
              The bicycle carbon frames market market is expected to grow at a CAGR of 14.89% during 2021-2025.
              Technavio has segmented the bicycle carbon frames market market by application (manual bicycles and e-bikes) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
              Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., Tube Investments of India Ltd. are a few of the key vendors in the bicycle carbon frames market market.
              APAC will register the highest growth rate of 42% among the other regions. Therefore, the bicycle carbon frames market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the bicycle carbon frames market market growth are:
              • Increasing demand for premium bicycles
              • Growing online sales of bicycle carbon frames
              The bicycle carbon frames market market vendors should focus on grabbing business opportunities from the manual bicycles segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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