According to Stratistics MRC, the Global Bicycle Frames Market is accounted for $20.60 billion in 2019 and is expected to reach $35.66 billion by 2027 growing at a CAGR of 7.1% during the forecast period. Rising environmental concerns, rising traffic congestion and shortage of parking space, especially in metropolitan cities are the major factors propelling the market growth. However, cost associated with customization is hampering the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increasing popularity of sporting activities such as mountain biking, road cycle touring, etc. The region is expected to maintain its dominance. The predicted rise in demand for bicycles for commutation and the presence of large bicycle fleet is further expected to drive the regional product demand in the forthcoming years.
Some of the key players profiled in the Bicycle Frames Market include Advanced International Multitech Co. Ltd, ADK Technology Limited, Cicli Pinarello SRL, Felt Racing, Dengfu Sports Equipment Co. Ltd, Giant Manufacturing Co Ltd, Ideal Bike Corporation, Quest Composite Technology Corporation, Pinion GmbH, Specialized Bicycle Components, Inc, SCOTT Sports SA, Velocite Tech Co Ltd, and TOPKEY CORPORATION.
Materials Covered:
• Alloy
• Aluminum
• Carbon Fiber
• Composite
• Magnesium
• Scandium
• Steel
• Titanium
Types Covered:
• Bicycle Motocross (BMX) Bike
• Children’s Bike
• Cyclocross & Gravel Bike
• Folding Bikes
• Hybrid Bicycle
• Mountain Bike
• Road Bike
Distribution Channels Covered:
• Offline
• Online
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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