Global Carbon Fiber Bike Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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May 2023
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This report was compiled by Research Team Research team of over 50 passionate professionals leverages advanced research methodologies and analytical expertise to deliver insightful, data-driven market intelligence that empowers businesses across diverse industries to make strategic, well-informed Correspondence Research Team Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Carbon Fiber Bike Market: Overview
The Carbon Fiber Bike Market was valued at $42.4 billion in 2021 & is projected to reach $84.9 billion by 2028. It is expected to grow at an 8.3% CAGR between 2021 and 2028.
Carbon fiber is a flexible fabric-like material. It is combined with polymer for the desired shape. It has unique features such as its lightweight nature and it provides good strength to the end product which aids the bike for better grip. Carbon fiber is also known as graphite fiber. Carbon fiber is used in the automotive industry specifically in the manufacturing of bikes.
Carbon Fiber Bike Market: Dynamic
The rising adoption of the carbon fiber bike for racing purposes is expected to boost demand for the carbon fiber bike and drives the growth of the global market over the forecast period.
In addition, increasing awareness about fitness over sports cycles such as good workout for muscles, easy to ride, good for physical strength, tourism, and other social campaigns is another factor anticipated to bolster adoption and drives the growth of the carbon fiber bike market over the long run.
Furthermore, an initiative by various governments toward fitness and rising social campaign activities across the globe is also anticipated to bolster the growth of the carbon fiber bike market in the next 10 years.
However, the high cost of carbon fiber bikes is a major factor that may hamper demand and restrain the growth of the global target market over the next 10 years to a certain extent.
Carbon Fiber Bike Market: Segment Analysis
The global carbon fiber bike market is segmented into type, application, and region. Among the type, the road bike segment is expected to account for the highest growth in the global carbon fiber bike market, owing to the increasing adoption of road bikes for better efficacy for riding cycles.
Among the application, the bicycle racing segment contributes a leading share in the global carbon fiber bike market, due to the increasing adoption of bike racing as a sports and leisure activity. It also gives various benefits such as increasing physical strength, and weight loss.
Carbon Fiber Bike Market: Region Analysis
The market in North America accounted for the highest revenue share in the global market owing to increasing awareness about fitness over carbon fiber bikes in countries in the region.
Europe is also contributing to the second-highest share in the global market and is expected to grow at a significant rate in the global market over the forecast period.
The market in the Asia Pacific is expected to register a lucrative growth in terms of value and volume in the global market during the forecast period, owing to the increasing adoption of carbon fiber bikes for sports and leisure activities in countries such as Japan, India, Korea, and China in the region.
Carbon Fiber Bike Market Segmentation:
Segmentation by Type:
- Road Bikes
- Mountain Bikes
Segmentation by Application:
- Bicycle Racing
- Bicycle Touring
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Merida Bicycle (China) Co.Ltd.
- Trek Bicycle Corporation
- COLNAGO
- Look Cycle International S.A
- Giant Bicycle, Inc.
- Trek Bicycle Corporation
- Lianyungang Shenying Carbon Bike Corp.,Ltd
- Marmot Mountain LLC.
- DATENSCHUTZ
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