Global Carbon Fiber Bike Market 2023

Aug 19, 2023

Global Carbon Fiber Bike Market

Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Global Carbon Fiber Bike Market by Type (Mountain Bikes, Road Bikes), Application (Bicycle Racing, Bicycle Touring) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.The Global Carbon Fiber Bike Market size was estimated at USD 3.01 billion in 2022, USD 3.24 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.69% to reach USD 5.45 billion by 2030.

In this report, 2018 to 2021 are considered as the historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.

The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Market Segmentation & Coverage:This research report categorizes the Global Carbon Fiber Bike Market in order to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, the market is studied across Mountain Bikes and Road Bikes. Road Bikes commanded the largest market share of 49.68% in 2022, followed by Mountain Bikes.

Based on Application, the market is studied across Bicycle Racing and Bicycle Touring. The Bicycle Racing commanded the largest market share of 65.01% in 2022, followed by Bicycle Touring.

Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. Europe, Middle East & Africa commanded the largest market share of 46.56% in 2022, followed by the Americas.

The report answers questions such as:

What is the market size and forecast of the Global Carbon Fiber Bike Market?

What are the inhibiting factors and impact of COVID-19 shaping the Global Carbon Fiber Bike Market during the forecast period?

Which are the products/segments/applications/areas to invest in over the forecast period in the Global Carbon Fiber Bike Market?

What is the competitive strategic window for opportunities in the Global Carbon Fiber Bike Market?

What are the technology trends and regulatory frameworks in the Global Carbon Fiber Bike Market?

What is the market share of the leading vendors in the Global Carbon Fiber Bike Market?

What modes and strategic moves are considered suitable for entering the Global Carbon Fiber Bike Market?

Market Dynamics

Drivers

Rising Adoption of the Carbon Fiber Bikes for Racing Purposes

Increasing Awareness about Fitness over Sports Cycles

Initiatives and Social Campaigns by Various Governments Towards Fitness

Restraints

High Cost of Carbon Fiber Bike

Opportunities

Growing Bicycle Manufacturing Industry and Bicycle Components

Increase in Tourism and Social Campaign

Challenges

Repairs on Composites can be Difficult and Costly

Companies Mentioned

Alchemy Bikes

BMC Switzerland AG

Canyon Bicycles USA, Inc.

Colnago Erneso E C. Srl

Cube Bikes

DAHON North America, Inc.

De Rosa Ugo & Figli Srl

Ellsworth Bikes

Giant Manufacturing Co. Ltd.

ICAN Cycling

Kestrel Bicycles

KROSS S.A.

LOOK Cycle International SAS

Merida Industry Co., Ltd.

PIERER Mobility AG

Rinasclta Bicycle Components

Santa Cruz Bicycles, Inc.

Storck Bicycle GmbH

SwiftCarbon

Tianjin Fuji-ta Group Co., Ltd.

Trek Bicycle Corporation

Tyrell Bike

XDS Bikes

Key Attributes:

Report Attribute

Details

No. of Pages

188

Forecast Period

2023 - 2030

Estimated Market Value (USD) in 2023

$3.24 Billion

Forecasted Market Value (USD) by 2030

$5.45 Billion

Compound Annual Growth Rate

7.6%

Regions Covered

Global

For more information about this report visit https://www.researchandmarkets.com/r/9gpyxg

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

Global Carbon Fiber Bike Market