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The bicycle carbon frames market share is expected to increase by 5935.37 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.89%.
This bicycle carbon frames market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bicycle carbon frames market segmentations by application (manual bicycles and e-bikes) and geography (APAC, Europe, North America, South America, and MEA). The bicycle carbon frames market report also offers information on several market vendors, including Advanced Sports Inc., Battaglin Italia Srl, Cicli Pinarello Srl, Giant Manufacturing Co. Ltd., Pending System GmbH & Co. KG, Planet X Ltd., Ritchey Design Inc., Specialized Bicycle Components Inc., Sunny Crown Enterprises Co. Ltd., and Tube Investments of India Ltd. among others.
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The increasing demand for premium bicycles is notably driving the bicycle carbon frames market growth, although factors such as high costs associated with bicycle carbon frames may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle carbon frames industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bicycle Carbon Frames Market Driver
The increasing demand for premium bicycles is notably driving the bicycle carbon frames market growth. The demand for premium bicycles is increasing across the world, owing to their enhanced riding and safety features. Premium bicycles are built using advanced technologies and modern designs by using high-end materials, such as carbon fiber, to offer comfort and durability. The price of a premium bicycle is more than $700. Cycling enthusiasts, adventure seekers, and urban commuters are the target customers for these bicycles. Developing countries, such as China and India, are witnessing strong growth in the demand for premium bicycles due to the increasing disposable incomes and rising affinity toward adventure cycling.
Key Bicycle Carbon Frames Market Trend
Government initiatives promoting the adoption of bicycles is the key market trend driving the bicycle carbon frames market growth. Governments of several countries are promoting bicycles as an alternate means of transportation. They are investing in improving transportation infrastructure to encourage more people to take upcycling. Many cities have adopted their own bicycle master plans. For instance, in the Netherlands, Germany, and the UK, there are designated lanes for bicycles. In the Netherlands, cyclists can claim incentives of $0.22 per kilometer from their employers for commuting on bicycles. Multinational companies, such as Apple Inc., Facebook Inc., and Microsoft Corp., are encouraging their employees to cycle to work. Such initiatives act as a crucial driver for the growth of the market in focus.
Key Bicycle Carbon Frames Market Challenge
The major challenge impeding the bicycle carbon frames market growth is the high costs associated with bicycle carbon frames. Bicycle carbon frames constitute a large portion of the price of carbon fiber bicycles. Hence, the cost of carbon frames impacts the pricing of carbon fiber bicycles significantly. As the demand for lightweight and durable bicycles is increasing in the market, carbon fiber bicycles are seen as a crucial solution for bicycle manufacturers to satisfy this demand. However, the cost of carbon frames is higher than aluminum frames, which are their closest alternative. It is essential for mountain bicycles to be light, sturdy, and reliable to ensure a safe journey. The use of carbon frames increases the cost of these bicycles significantly, which poses a major challenge for the adoption of mountain bicycles in emerging economies worldwide.
This bicycle carbon frames market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global bicycle carbon frames market is a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bicycle carbon frames market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the bicycle carbon frames market encompasses successful business strategies deployed by the key vendors. The bicycle carbon frames market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The bicycle carbon frames market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the bicycle carbon frames market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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