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Global Bicycle Frames Market 2021: By Material (Aluminum, Steel, Carbon Fiber, Titanium, Others), By Type (Mountain, Hybrid, Road, Others), By Distribution Channel (Online, Offline)The Global Bicycle Frames market size was valued at USD $20.48 Billion in 2020, USD $21.51 Billion in 2021, forecasted to reach USD $22.58 Billion in 2022, and is projected to reach USD $33.35 Billion by 2030, and is anticipated to expand at a CAGR of 5% over the forecast period from 2020 to 2030. Global Bicycle Frames Market is the title of an upcoming report offered by Trusted Business Insights. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global bicycle frames market has been segmented on the basis of material, type, distribution channel, as well as regions and countries.Request Covid - 19 Impact
Overview:A bicycle frame is the main component of a bicycle, onto which wheels and other components are fitted. The most common design is based on bicycle safety and consists of two frames.
Dynamics:The increasing adoption of sports and recreational activities by individuals and a steady inclination towards bicycling as a form of exercise to ensure a healthy lifestyle are primary factors that are expected to fuel future revenue growth of the global bicycle frames market. Rising concerns regarding the environment and the release of greenhouse emissions has led to an increase in the number of individuals opting to regularly use eco-friendly modes of transportation such as bicycles, electric vehicles, etc. Other factors include the lack of sufficient parking spaces and the rising traffic congestion. Several initiatives by government and private organizations to promote healthier, eco-friendly living is raising awareness, and in turn, contributing to product sales and subsequent future revenue growth of the global bicycle frame market.
Segmentation of the global bicycle frames market is as follows:In terms of material, the aluminum segment accounted for the majority revenue shares of the global bicycle frames market in 2019. However, the carbon fiber segment has been gaining popularity in recent years and is expected to register the fastest rate of revenue growth in the coming years. On the basis of type, the road bicycle segment accounted for the highest number of revenue shares of the global market in 2019, and is slated to continue to do so over the next 10 years. With respect to distribution channels, the offline distribution channel segment accounted for the highest number of revenue shares of the global market. However, the online distribution channel
Regional Segmentation and Analysis:The APAC accounted for the majority revenue shares of the global bicycle frames market owing to the increasing popularity of sporting activities such as mountain biking, road cycle touring, etc. The markets in Europe and North America are expected to continue to register a steady rate of growth in the years to comes as well.
Below are the active patents related to Bicycle Frames Market.Patent Number: EP3144403A1 Aluminium alloy composition Abstract Novel aluminum alloys are provided for use in an impact extrusion manufacturing process to create shaped containers and other articles of manufacture. In one embodiment blends of recycled scrap aluminum are used in conjunction with relatively pure aluminum to create novel compositions which may be formed and shaped in an environmentally friendly process. Other embodiments include methods for manufacturing a slug material comprising recycled aluminum for use in the impact extraction process. Type: Grant Filed: 2012-09-14 Date of Patent: 2017-03-22 Assignee : Ball Corp
Below are the leading companies profiled in this Bicycle Frames Market Report:
Chapter 1 Methodology and Scope