The global bicycle frames market size is expected to reach USD 32.8 billion by 2027, registering a CAGR of 6.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. Bicycle frame is one of the key components while purchasing a bike. It plays an important role in the bicycle performance as it influences weight balance of the vehicle. Aluminium and steel were the most preferred materials used for forming the bicycle frame traditionally. However, the development of modern composites is also leading to the adoption of materials such as titanium and carbon fiber to form frames in order to reduce the bike weight and improve the performance.
Bicycle
demand is now gaining prominence after years of decline in demand mainly due to
increasing influence of automotive industry. Rising adoption of bicycles as a
mode of transport on account of their environmental and health benefits is
anticipated to positively influence the market growth. Cycles are also widely
used for recreational touring and sports activities. All the aforementioned
factors are anticipated to supplement the market growth over the forecast
period.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market
Bicycle Frames
Market Report Highlights
- Road bike is the most basic type of bicycle and
is expected to witness high market growth by 2027.
- The market is expected to witness an increasing use
of titanium and carbon fiber materials for manufacturing of frames over
the forecast period
- Carbon frames have gained immense popularity in
the material segment. Carbon fiber material is known for its notable
properties such as stiffness, lightweight, and high strength
- Large concentration of manufacturers of bicycle
frame in Asia Pacific is driving the regional demand
- The growing trend for local distribution channel
along with the rising labor cost in developing economies is driving
manufacturers back to developed nations such as Europe and North America
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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