Global Bicycle Carbon Frames Market 2020-2024 | Development of High-Performance Carbon Fiber to Boost Growth | Technavio

LONDON--()--The global bicycle carbon frames market is expected to post a CAGR of more than 15% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

Consumers in developed and developing countries such as the US, Germany, Netherlands, China, and India are exhibiting a strong demand for premium bicycles. This is due to rising disposable incomes and growing affinity toward cycling among people. Also, with the popularity of e-bikes, many countries are witnessing a significant rise in the demand for carbon fiber bicycles. As a result of these factors, the demand for bicycle carbon frames is expected to increase during the forecast period.

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As per Technavio, the development of high-performance carbon fiber will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Bicycle Carbon Frames Market: Development of High-Performance Carbon Fiber

To meet the demand for premium bicycles, manufacturers are increasing the use of high-performance materials to offer light and durable bicycles. The use of high-performance carbon fiber improves the performance of bicycles in terms of impact resistance, vibrational dampening, and weight. As carbon fiber constitutes a major portion of bicycle carbon frames, this trend will have a positive impact on the growth of the global bicycle carbon frames market.

“Apart from the development of high-performance carbon fiber, the use of 3D printing in bicycle manufacturing and increasing online purchase of bicycle carbon frames are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Bicycle Carbon Frames Market: Segmentation Analysis

This market report segments the global bicycle carbon frames market by geography (APAC, Europe, MEA, North America, and South America) and application (manual bicycles and e-bikes).

The APAC region led the market in 2019, followed by Europe, North America, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing popularity of sporting activities such as road bicycle racing and mountain bike racing in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/

Release Summary

The global bicycle carbon frames market is expected to post a CAGR of more than 15% during the period 2020-2024, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com/