NEW YORK, June 21, 2021 /PRNewswire/ —
Technavio identifies the increasing demand for premium bicycles as one of the major factors driving the growth of the bicycle carbon frames market. The demand for premium bicycles is increasing across the world, especially in developing countries such as China and India. This can be attributed to the rising disposable incomes and growing affinity toward adventure cycling among enthusiasts.
The growing demand for premium bicycles is encouraging bicycle manufacturers to introduce advanced technologies and modern designs by using high-end materials such as carbon fiber to enhance comfort and durability. Thus, the rising demand for premium bicycles is expected to foster the growth of the bicycle carbon frames market during the forecast period.
The bicycle carbon frames market report helps businesses create strategies to make the most of future growth opportunities.
Request a FREE PREVIEW SAMPLE of the Report
In 2020, APAC accounted for about 42% of the global market share, and the region is expected to continue its dominance during the forecast period. The increasing youth population in India is one of the key factors driving the market growth. Also, the increasing popularity of various sports tournaments such as road bicycle racing and mountain bike racing in countries such as India, Sri Lanka, China, and Pakistan is contributing to the growth of the bicycle carbon frames market in APAC.
Similarly, based on the application, the market generated maximum revenue from the manual bicycles segment in 2020. The growth of the segment can be attributed to the affordable prices and easy-to-use functions of manual bicycles. In addition, the rising demand for lightweight and durable manual bicycles is supporting the growth of the segment.
Although the bicycle carbon frames market is expected to record a healthy growth during the forecast period, high costs associated with bicycle carbon frames and the risk of failure of bicycle carbon frames might reduce the growth opportunities for market participants. This report on the bicycle carbon frames market will help businesses become better equipped, make informed decisions, and develop effective strategies to improve their market positions.
Access detailed information about the global bicycle carbon frames market here:
Fortune 500 companies rely on us
Reports covering over 100 major technology markets
Years of market research experience
Technavio’s reports offer customizations as per the specific needs of companies. Our custom reports include a further breakdown of market segmentation at regional levels, information on additional market players, and the strategies adopted by vendors during the COVID-19 recovery phase.
Reasons to Buy Bicycle Carbon Frames Market Report:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Make fast, effective, and sound decisions and stay on top of the latest industry developments.
Enquire about the report before purchasing
Related Reports on Consumer Discretionary Include:
Global Bicycle Gearbox System Market – Global bicycle gearbox system market is segmented by type (multiple gear and fixed gear) and geography (Europe, North America, APAC, South America, and MEA).
Request a Free Sample Report
Global Automotive Carbon Fiber Components Market – Global automotive carbon fiber components market is segmented by application (powertrain, exterior, and interior) and geography (APAC, Europe, North America, South America, and MEA).
Request a Free Sample Report
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Technavio’s comprehensive coverage, extensive research, and actionable market insights help businesses identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
View original content to download multimedia:http://www.prnewswire.com/news-releases/bicycle-carbon-frames-market-increasing-demand-for-premium-bicycles-to-drive-growth-post-the-crisis-301315804.html