Scienza e Tecnologia
Carbon Composite Bicycle Frame Market is Forecast to Reach US$ 859.9 Million in 2030, Says Stratview Research
The global carbon composite bicycle frame market is segmented based on bicycle type and region.
- Among all the bicycle types, the is expected to generate the during the forecast period, owing to the rising number of people opting for these bicycles as a form of sports and leisure activities.
Moreover, with the growing traffic congestion and shortage of parking spaces, particularly in metropolitan cities, more people consider bicycle commutation for a short distances for saving time. In addition, there is an increasing inclination towards road bikes as a convenient exercise form, to ensure a healthy lifestyle, which is resulting in their increasing demand.
The report suggests that is expected to be the with a share of for carbon composite bicycle frames, during the forecast period. This region is home to several bicycle manufacturers such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Kona, and SRAM LLC.
On the contrary, the is likely to witness the during the forecast period, mainly driven by the active presence of the major carbon composite bicycle frames manufacturers, such as , in the region, among which two companies are engaged in bicycle production as well.
In addition, over the years, there has been a rise in the export of composite bicycle frames in the Western regions from Asian countries, owing to their good technical capabilities along with the low cost of labor, which is also likely to follow suit in the coming years.
Some of the key drivers listed in the report are given below.
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The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
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