The Bicycle Frames Global Market Report 2023 by The Business Research Company, provides bicycle frames market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Bicycle Frames Global Market Report 2023, the market size is expected to grow from $27.38 billion in 2022 to $31.04 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global bicycle frames is expected to grow to $51.96 billion in 2027 at a CAGR of 13.7%.
The increase in use of bicycles is expected to propel the growth of the bicycle frames market going forward. Bicycles refer to a vehicle with two wheels in tandem, handlebars for steering, a saddle seat, and pedals by which it is propelled. The improvements in social infrastructure in developing countries have encouraged people to opt for cycling as a transportation medium. The increasing demand for bicycles also increases the demand for bicycle frames.
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The bicycle frames market is segmented:
1) By Type: Mountain, Hybrid, Road, Other Types
2) By Material: Aluminum, Steel, Carbon Fiber, Titanium, Other Materials
3) By Distribution Channel: Online, Offline
Top Major Players:
ADK Technology Limited
Advanced International Multitech Co. Ltd.
Topkey Corporation
Dengfu Sports Equipment Co. Ltd.
Ideal Bike Corporation
Asia-Pacific was the largest region in the bicycle frames market in 2022.
Product innovations are a key trend gaining popularity in the bicycle frames market. Major companies operating in the bicycle frames market are focused on developing new product innovation solutions to strengthen their position in the market. For instance, in February 2021, Giant Manufacturing Co. Ltd., a China-based bicycle designer, and manufacturing company, introduced XTC Advanced SL 29 as a new bicycle framework. This new product is lightweight, efficient, and provides a competitive advantage for climbing, accelerating, and spiriting.
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The bicycle frames market report table of contents includes:
1. Executive Summary
2. Bicycle Frames market Characteristics
3. Bicycle Frames market Trends And Strategies
4. Bicycle Frames Market – Macro Economic Scenario
5. Bicycle Frames market Size And Growth
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26. Africa Bicycle Frames market
27. Bicycle Frames market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bicycle Frames market
29. Bicycle Frames market Future Outlook and Potential Analysis
30. Appendix
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