Bicycle Frames Market Size Worth $32.8 Billion By 2027 | CAGR: 6.1%: Grand View Research, Inc.

SAN FRANCISCO, Dec. 16, 2020 /PRNewswire/ -- The global bicycle frames market size is expected to reach USD 32.8 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Bicycle frame is one of the key components while purchasing a bike. It plays an important role in the bicycle performance as it influences weight balance of the vehicle. Aluminum and steel were the most preferred materials used for forming the bicycle frame traditionally. However, the development of modern composites is also leading to the adoption of materials such as titanium and carbon fiber to form frames in order to reduce the bike weight and improve the performance.

Key suggestions from the report:

• Road bike is the most basic type of bicycle and is expected to witness high market growth by 2027.
• The market is expected to witness an increasing use of titanium and carbon fiber materials for manufacturing of frames over the forecast period
• Carbon frames have gained immense popularity in the material segment. Carbon fiber material is known for its notable properties such as stiffness, lightweight, and high strength
• Large concentration of manufacturers of bicycle frame in Asia Pacific is driving the regional demand
• The growing trend for local distribution channel along with the rising labor cost in developing economies is driving manufacturers back to developed nations such as Europe and North America

Read 80 page research report with ToC on "Bicycle Frames Market Size, Share & Trends Analysis Report By Material (Aluminum, Steel), By Type (Mountain, Road, Hybrid), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market

Bicycle demand is now gaining prominence after years of decline in demand mainly due to increasing influence of automotive industry. Rising adoption of bicycles as a mode of transport on account of their environmental and health benefits is anticipated to positively influence the market growth. Cycles are also widely used for recreational touring and sports activities. All the aforementioned factors are anticipated to supplement the market growth over the forecast period.

Grand View Research has segmented the global bicycle frames market on the basis of distribution channel, material, type and region:

• Bicycle Frames Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
• Online
• Offline
• Bicycle Frames Type Outlook (Revenue, USD Million, 2016 - 2027)
• Mountain
• Hybrid
• Road
• Others
• Bicycle Frames Material Outlook (Revenue, USD Million, 2016 - 2027)
• Aluminum
• Steel
• Carbon Fiber
• Titanium
• Others
• Bicycle Frames Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Bicycle Frames Market

• ADK TECHNOLOGY CO., LTD
• Advanced International Multitech Co. Ltd.
• TOPKEY CORPORATION
• Dengfu Sports Equipment Co. Ltd.
• Ideal Bike Corporation
• Giant Manufacturing Co Ltd.

Find more research reports on Automotive & Transportation Industry, by Grand View Research:

• Electric Mobility Market – The global electric mobility market size was valued at USD 125,057.3 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 21.6% from 2019 to 2025.
• Bicycle Market – The global bicycle market size was valued at USD 47.51 billion in 2017. It is expected to expand at a CAGR of 6.1% from 2018 to 2025.
• Intelligent Transportation System Market – The global intelligent transportation system market size was valued at USD 26.58 billion in 2019 and is projected to register a compound annual growth rate (CAGR) of 5.8% from 2020 to 2027.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.