The global bicycle frames market is experiencing significant growth, driven by increasing consumer interest in cycling for transportation, fitness, and leisure. Valued at approximately USD 27.20 billion in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2030, reaching an estimated USD 40.63 billion by 2030.
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Market Segmentation:
- Material: Aluminum frames dominate the market, accounting for over 40% of the share in 2023. The adoption of low-carbon aluminum materials is enhancing frame performance
- Type: Road bicycles lead the market, comprising 39.8% of the share in 2022. Mountain bikes, hybrid bikes, and other types also contribute significantly to the market.
- Frame Type: Road or step-over frames are the most prevalent, favored for their versatility and efficiency in various riding conditions.
- Application: City/urban bicycles are in high demand, driven by the growing trend of cycling as a sustainable mode of urban transportation.
Regional Insights:
- Asia-Pacific: This region holds a dominant market share, accounting for approximately 35% in 2023. The robust economic development and rising disposable incomes are propelling the demand for high-quality bicycles.
- Europe: Europe maintains a substantial market presence, with a share exceeding 20% in 2022. The strong cycling culture and emphasis on eco-friendly transportation contribute to its significant market share.
- North America: North America is expected to hold a significant market share during the forecast period due to the high rate of adoption of innovative and customized cycle frames in the region.
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Key Players:
- Maxway Cycles Co., Ltd.
- Kinesis Industry Co., Ltd.
- LightCarbon Composite Technology Co., Ltd.
- AD Group
- Dengfu Sports Equipment Co., Ltd.
- MERIDA BIKES
- INT'L Corp
- Romet
- VDL Bike Frame Technologies
- Hero Cycles
Market Trends:
- Sustainability: There is a growing emphasis on eco-friendly materials and manufacturing processes, with companies adopting low-carbon aluminum and other sustainable practices.
- Customization: Consumers are increasingly seeking personalized bicycle frames, leading to a rise in demand for custom-built options.
- Technological Advancements: Innovations in frame materials, such as carbon fiber and titanium, are enhancing performance and durability.
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