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The carbon fiber bike market is projected to grow by 2,754.14 thousand units with a CAGR of 7.4% during the forecast period 2021 to 2026.
This carbon fiber bike market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the carbon fiber bike market segmentation by application (manual bicycles and e-bikes) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The carbon fiber bike market report also offers information on several market vendors, including Alchemy Bikes, Canyon Bicycles USA Inc., Cicli Pinarello Srl, Colnago Ernesto & C. S.r.l, DAHON North America Inc., De Rosa Ugo & Figli Srl, Ellsworth Bikes, Felt Bicycles, Giant Manufacturing Co. Ltd., Ive emotion Co. Ltd., Kestrel Bicycles, LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Pending System GmbH & Co. KG, Ribble Cycles, Storck Bicycle GmbH, Trek Bicycle Corp., Velocite BVBA, and XDS Bikes among others.
Download Report Sample to Unlock the Carbon Fiber Bike Market Size for the Forecast Period and Other Important Statistics
The increasing demand for carbon fiber frames is notably driving the carbon fiber bike market growth, although factors such as the high price of carbon fiber may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the carbon fiber bike industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Carbon Fiber Bike Market Driver
The increasing demand for carbon fiber frames is notably driving the carbon fiber bike market growth. A carbon fiber composite is becoming an increasingly popular non-metallic material that is commonly used in bicycles as its use reduces emissions. Although it is quite expensive, it is very light and strong, and its properties make it resistant to corrosion and able to withstand all kinds of pressure. This material can be formed into any desired shape. Carbon fiber bike frames are becoming increasingly popular as they have become more accessible and are ideal for those on a tight budget. Carbon fiber has quickly become the most desired and popular material among power cyclists. It is attractive because it is both light and strong and can be used to create a very rigid frame. It can also be made into different shapes, thereby allowing designers to break free from the limitations of traditional round metal tubes. Thus, the increased adoption of carbon fiber frames to reduce the environmental impact is expected to drive the growth of the global market focus during the forecast period.
Key Carbon Fiber Bike Market Trend
New product developments are the primary trend driving the carbon fiber bike market growth. Technological advancements and the increased demand for advanced materials that are lightweight and have high strength are expected to increase the demand for carbon fiber bicycles. The shortcomings of this excellent material have gradually been overcome owing to technological advancements. For example, the German K-frame is made of high-quality 16K carbon fiber. This carbon fiber is even stronger than steel and comes with a lifetime warranty. As the use of carbon fiber materials becomes more common in key end-user applications, such as aerospace, wind energy, and automotive, major global carbon fiber bike manufacturers are introducing new products with specific functions. Thus, with innovations and the launches of new products, the global carbon fiber bike market is expected to witness growth during the forecast period.
Key Carbon Fiber Bike Market Challenge
The high price of carbon fiber is the major challenge impeding the carbon fiber bike market growth. R&D and the production costs of carbon fiber are higher than those of their substitutes. Because the automotive industry is price-sensitive, the high cost of carbon fiber limits its use in the manufacture of lightweight, fuel-efficient vehicles. Carbon fiber-reinforced polymer (CFRP)-based pressure vessels have twice the service life of steel and glass pressure vessels. CFRP-based pressure vessels cost USD16.25 per kg, while steel and steel-fiberglass composite pressure vessels cost USD5 per kg and USD7.50 per kg, respectively. Vendors focus on R&D activities to reduce the cost of carbon fiber composites. The rising prices of raw materials, such as resins and carbon fiber, have increased the procurement costs for suppliers. Thus, the high cost associated with carbon fiber composites may hinder market growth during the forecast period.
This carbon fiber bike 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 2022-2026.
Technavio categorizes the global carbon fiber bike market as a part of the global automotive market. Our research report has extensively covered the external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the carbon fiber bike market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the carbon fiber bike market encompasses successful business strategies deployed by the key vendors. The carbon fiber bike market is fragmented, and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market.
alchemybikes.com - The company offers carbon fiber bikes such as the Atlas carbon road bike.
To make the most of the opportunities and recover from the 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 carbon fiber bike 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.
Our report provides extensive information on the value chain analysis for the carbon fiber bike 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 other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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