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Report updated on 11th September, 2021: Global Carbon Fiber Bike Market 2021 (Includes Business Impact of COVID-19)Global Carbon Fiber Bike Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global carbon fiber bike market report has been segmented on the basis of types, application, and region. Request Covid - 19 Impact The global Carbon Fiber Bike market size was valued at USD $2.96 billion in 2020 and is projected to reach USD $6.87 billion by 2030, and is anticipated to expand at a CAGR of 8.62% over the forecast period from 2020 to 2030.
Global Carbon Fiber Bike Market: OverviewCarbon fiber is a flexible fabric-like material. It combined with polymer for the desired shape. It has unique features such as lightweight nature and it provides good strength to the end product which aid bike for better grip. Carbon fiber is also known as graphite fiber. Carbon fiber is used in the automotive industry specifically in the manufacturing of bikes.
Global Carbon Fiber Bike Market: DynamicRising adoption for the carbon fiber bike for racing purpose is expected to boost demand for the carbon fiber bike drives growth of the global market over the forecast period. In addition, increasing awareness about fitness over sports cycles such as good workout for muscles, easy to ride, good for physical strength, tourism and other social campaigns is another factor anticipated to bolster adoption and drives growth of the carbon fiber bike market over the long run. Furthermore, an initiative by various governments towards fitness and rising social campaigns activities across the globe is also anticipated to bolster growth of the carbon fiber bike market in the next 10 years. However, the high cost of carbon fiber bike is a major factor which may hamper demand and restrain growth of the global target market over the next 10 years to a certain extent.
Global Carbon Fiber Bike Market: Segment AnalysisThe global carbon fiber bike market is segmented into type, application, and region. Among the type, the road bike segment is expected to account for the highest growth in the global carbon fiber bike market, owing to increasing adoption of road bike for better efficacy for riding cycle. Among the application, the bicycle racing segment contributes leading share in the global carbon fiber bike market, due to increasing adoption for bike racing as a sports and leisure activity. It also gives various benefits such as increasing physical strength, and weight loss.
Global Carbon Fiber Bike Market: Region AnalysisThe market in North America accounted for the highest revenue share in the global market owing to increasing awareness about fitness over carbon fiber bikes in countries in the region. Europe is also contributing to the second highest share in the global market and expected to grow at a significant rate in the global market over the forecast period. The market in the Asia Pacific is expected to register a lucrative growth in terms of value and volume in the global market during the forecast period, owing to increasing adoption of carbon fiber bike for sports and leisure activities in countries such as Japan, India, Korea, and China in the region.
Below are the active patents related to Carbon Fiber Bike Market.Patent Number:US8622411B1 Bicycle frame Abstract A bicycle assembly can include a bicycle frame that can have a main frame, a sub-frame and a shock absorber. The sub-frame can move in relation to the main frame and the shock can be used to regulate that relationship. A extension body can be used to establish a rear pivot point of the shock absorber. In some embodiments, the extension body can also be used to adjust the length of the combined shock absorber and extension body. Application File Date: 2013-06-06 Application Granted Date: 2014-01-07 Current Assignee: Specialized Bicycle Components Inc
Global Carbon Fiber Bike Market Segmentation:Segmentation by Type:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Carbon Fiber Bike Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...