Carbon Fiber Bike Frames Market Overview

“The global Carbon Fiber Bike Frames Market is expected to grow rapidly at a 5.7% CAGR consequently, it will grow from its existing size of from $5435 Million in 2023 to $7485 Million by 2030.”

When purchasing a bike, it's crucial to choose the material for the frame.

Various materials have been used to create bike frames, initially steel, with aluminum and carbon fiber now the main options, while steel and titanium are still commonly used.

Each frame material has its advantages and disadvantages depending on your riding needs, including weight, budget, durability, and desired performance qualities for the bike.

When purchasing a bicycle, it's crucial to consider the key characteristics of aluminum, steel, titanium, and carbon fiber.

The study involved consulting two experts: Liam Glen, a mechanical engineer at Airbus and former professional cyclist, and Richard Lambert from Enigma, UK, who is a specialist in titanium and steel bike manufacturing. Both experts have experience in cycling and mountain biking.

Carbon fiber, a novel material, is primarily utilized in the production of high-end racing bicycles' frames, forks, wheel sets, and other components.

Carbon fiber composite is a popular non-metallic material in bicycles due to its strength, lightness, and resistance to corrosion. Despite its high cost, it can be customized and can be shaped to suit specific needs. This material can influence market decisions and potential growth, highlighting its potential for customization.

The demand for fitness and racing cycles has surged due to increased interest in bicycle frames. Carbon bicycle frames, crucial for durability and lightness, have gained popularity due to their lightweight, corrosion-resistant, and stronger properties. They can be customized and can be shaped to fit any bicycle, making them a popular choice. Additionally, carbon bicycle frames have lesser impact resistance compared to other materials. This trend highlights the importance of lightweight, robust, and lightweight bicycle frames in today's cycling landscape.

The global carbon fiber bicycle frame market research examines changes in the market, including upgrades, advancements, and positioning. This study helps understand the changing environment, key market participants, and influential brands, making it easier to navigate the market and make informed decisions.

The carbon fiber bicycle frame market is the global transactional revenue total for bicycle manufacturers purchasing carbon frames from suppliers, including a small number of aftermarkets that sell their products on a global scale.

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Market Dynamics

Growth Drivers and Trends

The carbon bicycle frame market is experiencing growth due to rising pollution levels from fossil fuel-powered vehicles. Government regulations and expanding infrastructure have boosted the market, which is expanding due to its lightweight nature and growing fitness consciousness. However, the high price of carbon bicycle frames compared to alternative materials is expected to limit the market. The market is also benefiting from increased tourism and social activities.

The market will be primarily driven by public bicycle sharing.

Public bicycle sharing is a service that provides short-term, shared bicycles for paid or free use. Users can check out and return bikes from a dock, with a computer-controlled dock unlocking the bike. The price is determined by time or distance driven and paid online. Bikes also have GPS tracking technology. Uber introduced a bike-sharing program in London in 2019.

The rapid growth of the market is expected to be expedited by 3D printing.

Modern bicycle frames are stiffer and stronger due to improved materials and improved corrosion resistance. 3D printing has significantly impacted the automotive industry by creating three-dimensional objects using CAD models or digital 3D models. Arevo created a 3D printed carbon unibody bicycle frame in 2019 to reduce mistakes and speed up manufacturing, demonstrating the benefits of 3D printing in the automotive industry. This innovative approach has led to improved durability and performance in the bicycle industry.

Market Segment Analysis

The carbon fiber bike frame market is divided into three categories: standard frames, mountain bike frames, and racing bicycle frames.

The modern foldable e-bikes, with features like hydraulic disc brakes, are significantly different from the 1970s awkward folding bikes. These lightweight, portable bikes can be used for public transportation or stairs, and can be easily folded for storage. Unlike racing and off-road hybrids, these modern gravel bikes are designed to be adaptable and lightweight, making them suitable for various activities. The frame's upright riding position is facilitated by its shape, while the taller bottom bracket ensures the chainring can pass through most obstacles.

The Global Carbon Fiber Bike Frames Market can be categorized into three distribution channels: Sports Stores, Bicycle Specialty Stores, and Online Volume.

The bike business is facing the threat of online purchasing, as traditional stores lose their unique selling proposition as internet retailers incorporate incentives for in-store transactions. As a result, cycle shops are closing on UK High Streets, with major brands also closing due to rising rent.

Competitive Landscape of the Carbon Fiber Bike Frames Market

• Advance International multi-tech co. ltd.
• ADK technology ltd.
• Basso
• Bianchi
• BMC
• Bridgestone
• Cannondale
• Canyon
• Fuji
• Giant
• IBIs

Recent Development in Carbon Fiber Bike Frames Market

In January 2019 – Hero Cycles Limited, a producer of bicycles and related items based in Punjab, India, purchased a 48 percent stake in HNF NICOLAI, a German vehicle manufacturer, in order to expand its electric bicycle business in India while leveraging its production facilities.

In 2020 – AlphaVector, an Indian consumer bicycle brand, launched a new line of KTM bicycles in the Indian market. AlphaVector becomes the sole dealer of KTM bicycles in India.

Regional Insights

Most carbon fiber frames are not produced in Asia.

China, Taiwan, Vietnam, and Indonesia are the primary sources of carbon fiber goods used in the cycling industry. However, some carbon fiber frames and components are also produced by American bicycle manufacturers like Allied, Guerrilla Gravity, Zipp, Enve, and Argonaut, as well as in Portugal, Tunisia, and Italy.

Carbon fiber, despite its aeronautical reputation, is as easy to work with on a small scale as metal tubes. Smaller American firms and lone builders can also work with carbon, as seen in the case of Craig Calfee, Nick Crumpton, and Matt Appleman, who construct their own carbon sheet frames for display at the North American Handmade Bike Show.

Raw carbon, primarily originating in Asia, is a significant component of the global energy landscape

Carbon fiber is typically made from Polyacrylonitrile (PAN) fiber, with pitch being a less common precursor. The high-temperature cooking process burns off non-carbon material, leaving a string of thin, long fibers with increased rigidity.

A 2010 U.S. Department of Energy assessment revealed that six companies, including Toray, Teijin, Mitsubishi Chemical Corporation, Zoltek, Hexcel, and Cytec, provide over 90% of the world's carbon fiber supply. These companies produce almost two-thirds of the global carbon fiber output, while US-based companies Zoltek, Hexcel, and Cytec produce less than one-third of the global carbon fiber.

The Asia-Pacific region is expected to experience the fastest market growth due to the presence of major carbon composite bicycle frame producers like Giant Bicycles, TOPKEY, and MERIDA BIKES, which are also involved in bicycle manufacturing.

Asian nations have seen a rise in exporting composite bicycle frames to Western regions due to their strong technical capabilities and affordable labor, a trend expected to continue in the future.

Segments Covered in the Carbon Fiber Bike Frames Market

Carbon Fiber Bike Frames Market By Type

• Regular Bicycle Frame
• Mountain Bicycle Frame
• Racing Bicycle Frame

Carbon Fiber Bike Frames Market By Distribution Channel

• Bicycle Specialty Store
• Sports Shop
• Online Volume

Carbon Fiber Bike Frames Market By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Questions Answered:

• What is the current market size for this rapidly expanding industry?
• What is the rate of overall growth?
• What are the main applications, end uses, growing areas, and types?
• Principal drivers of growth
• obstacles to growth
• Who are the key participants in the market for carbon fiber bike frames?
• What are these players' main game plans?
• What technological advances are taking place in this field?