Global Carbon Fiber Bike Market 2021 (Includes Business Impact of COVID-19)

                                          
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.
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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: Overview


Carbon 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: Dynamic


Rising 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 Analysis


The 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 Analysis


The 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:

  
Road Bikes
  
Mountain Bikes

Segmentation by Application:

  
Bicycle Racing
  
Bicycle Touring


Key Market Players included in the report:


  
Battle-FSD
  
Canyon
  
COLNAGO
  
Colnago Srl
  
CUBE-BIKES
  
DAHON
  
DATENSCHUTZ
  
De Rosa
  
Ellsworth Bike
  
Felt Cycles
  
Giant Bicycle, Inc.
  
Kestrel Bicycles
  
Lianyungang Shenying Carbon Bike Corp.,Ltd
  
LOOK Cycle International SAS
  
Marmot Mountain LLC.
  
Merida & Centurion Germany GmbH
  
Merida Bike
  
Pinarello
  
Shen Ying Biking
  
SOLOMO
  
Storck Bicycle
  
SwiftCarbon
  
Trek Bicycle Corporation
  
Trek Bike
  
Tyrell Bicycle
  
TYRELL BIKES
  
XDS Bikes