Product Code: GVR-4-68038-634-9
Bicycle Frames Market Growth & Trends:
The global bicycle frames market size was estimated at USD 24.20 billion in 2022, and it is expected to reach USD 40.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.8% from 2023 to 2030. The market is anticipated to be driven by factors such as the increased awareness of the health and fitness advantages of riding among consumers across the globe. Cycling is becoming increasingly popular as a method of exercise and transportation, resulting in increased demand for bicycles and related components, such as frames, thereby boosting market growth.
Furthermore, the increasing focus on sustainability and environmental conservation has had a significant impact on the bicycle frame market. One of the key environmental benefits of bicycles is their low carbon footprint. Unlike motor vehicles that rely on fossil fuels and emit greenhouse gases, bicycles produce zero emissions during use. This makes bicycles an attractive alternative for individuals who want to reduce their carbon footprint and contribute to mitigating climate change. Bicycles are widely recognized as an eco-friendlier mode of transportation compared to motor vehicles, and this awareness has attracted more consumers toward cycling and bicycle-related products.
Moreover, the rise in cycling tourism has indeed given birth to a growing market for travel-specific and adventure bicycle frames. Cycling tourism involves individuals or groups traveling to various destinations with the primary goal of exploring new places, enjoying scenic routes, and engaging in cycling adventures. This trend has created a demand for bicycles that are specifically designed to meet the unique requirements of such travelers. For instance, according to a report from the Adventure Cycling Association, the U.S. Bicycle Route System has expanded to encompass more than 29,000 kilometers in recent years. In comparison, Europe's counterpart route network, known as EuroVelo, spans over 90,000 kilometers, crossing 42 countries..
Bicycle Frames Market Report Highlights:
- The aluminum segment dominated the overall market, accounting for a market share of 36.1% in 2022. This dominance is attributed to the related features such as lightweight and durability, making it an ideal choice for manufacturers
- The road bicycle segment dominated the overall market, accounting for a market share of 33.1% in 2022. This can be attributed to the fact that road bikes are the most basic category of bicycles, requiring few, if any, sophisticated attachments when compared to mountain bikes or other specialty bike types
- The offline segment dominated the overall market, accounting for a market share of 62.5% in 2022. The dominance can be attributed to the rising preference among consumers for offline shopping as it allows the user to hands on inspection and better decision-making
- The aftermarket segment is anticipated to witness significant growth of 6.1% from 2023 to 2030. This growth can be ascribed to the customization and personalization needs among the consumers
- Asia Pacific dominated the industry, contributing 40.2% of the global revenue in 2022. The rising trend of cycling for recreation, fitness, and environmentally friendly commuting has resulted in a substantial increase in the demand for bicycles within the region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation
- 1.2. Research Scope & Assumption
- 1.3. Research Methodology
- 1.3.1. Bottom-up Approach
- 1.3.2. Top-Down Approach
- 1.4. List of Data Sources
- 1.5. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Summary
- 2.2. Market Outlook
- 2.3. Segmental Outlook
Chapter 3. Bicycle Frames Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Bicycle Frames Market - Value Chain Analysis
- 3.3. Bicycle Frames Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Bicycle Frames Market - Porter's Five Forces Analysis
- 3.4.1. Supplier power
- 3.4.2. Buyer power
- 3.4.3. Substitution threat
- 3.4.4. Threat of new entrant
- 3.4.5. Competitive rivalry
- 3.5. Bicycle Frames Market - PESTEL analysis
- 3.5.1. Political landscape
- 3.5.2. Economic landscape
- 3.5.3. Social landscape
- 3.5.4. Technology landscape
- 3.5.5. Legal landscape
- 3.5.6. Environmental landscape
Chapter 4. Bicycle Frames Market: Material Mode Outlook
- 4.1. Aluminum
- 4.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.1.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.2. Steel
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.3. Carbon Fibre
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.4. Titanium
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Bicycle Frames Market: Frame Type Mode Outlook
- 5.1. Mountain Bicycle
- 5.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.2. Hybrid Bicycle
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.3. Electric Bicycle
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.4. Road Bicycle
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Bicycle Frames Market: Sales Channel Mode Outlook
- 6.1. Online
- 6.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.2. Offline
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 7. Bicycle Frames Market: Distribution Channel Mode Outlook
- 7.1. OEM
- 7.1.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 7.2. Aftermarket
- 7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 8. Bicycle Frames Market: Regional Outlook
- 8.1. North America
- 8.1.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.1.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.1.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.1.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.1.5. U.S.
- 8.1.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.1.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.1.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.1.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.1.6. Canada
- 8.1.6.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.1.6.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.1.6.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.1.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2. Europe
- 8.2.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.2.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.5. U.K.
- 8.2.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.2.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.2.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.2.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.6. Germany
- 8.2.6.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.2.6.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.2.6.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.2.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.7. France
- 8.2.7.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.2.7.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.2.7.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.2.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3. Asia Pacific
- 8.3.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.3.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.5. China
- 8.3.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.3.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.3.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.3.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.6. India
- 8.3.6.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.3.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.7. Japan
- 8.3.7.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.3.7.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.3.7.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.3.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4. Latin America
- 8.4.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.5. Brazil
- 8.4.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.4.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.4.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.4.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.6. Mexico
- 8.4.6.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.4.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5. Middle East & Africa
- 8.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.5. United Arab Emirates (UAE)
- 8.5.5.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.5.5.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.5.5.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.5.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.6. Kingdom of Saudi Arabia (KSA)
- 8.5.6.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.5.6.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.5.6.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.5.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.7. South Africa
- 8.5.7.1. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
- 8.5.7.2. Market estimates and forecast, by frame type, 2017 - 2030 (USD Million)
- 8.5.7.3. Market estimates and forecast, by sales channel, 2017 - 2030 (USD Million)
- 8.5.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Key Market Participants
- 9.1.1. ADK Technology Limited
- 9.1.2. Advanced International Multitech Co. Ltd.
- 9.1.3. Topkey Corporation
- 9.1.4. Dengfu Sports Equipment Co. Ltd.
- 9.1.5. Ideal Bike Corporation
- 9.1.6. Giant Manufacturing Co Ltd.
- 9.1.7. Cicli Pinarello SRL
- 9.1.8. Quest Composite Technology Corporation
- 9.1.9. Specialized Bicycle Components Inc
- 9.1.10. SCOTT Sports SA
- 9.1.11. Velocite Tech Co Ltd.
- 9.2. Key Company Market Share Analysis, 2022
- 9.3. Company Categorization/Position Analysis, 2022
- 9.4. Strategic Mapping
- 9.4.1. Expansion
- 9.4.2. Mergers & Acquisitions
- 9.4.3. Partnership & Collaborations
- 9.4.4. Product/service launch
- 9.4.5. Others