Bicycle Frames Market Report 2025

The bicycle frames market size has grown rapidly in recent years. It will grow from $34.16 billion in 2024 to $38.17 billion in 2025 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to material evolution, shift in frame design trends, the influence of mountain biking, the emergence of road racing, the market shift towards lightweight frames.

The bicycle frames market size is expected to see rapid growth in the next few years. It will grow to $63.27 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to innovations in frame geometry and aerodynamics, sustainability and environmental considerations, urban mobility solutions, and integration of suspension and components. Major trends in the forecast period include carbon fiber dominance, innovative frame designs, a rise in electric bicycles (e-bikes), material diversification, customization, and personalization.

The growing popularity of bicycles is expected to drive the growth of the bicycle frames market in the future. Bicycles are defined as vehicles with two wheels in tandem, handlebars for steering, a saddle seat, and pedals for propulsion. Improvements in social infrastructure in developing countries have encouraged more people to choose cycling as a means of transportation. The rising demand for bicycles naturally leads to an increased demand for bicycle frames. For instance, in August 2023, the Department for Transport, a UK government ministerial department, reported a 6% increase in total cycling stages in 2022, with the number rising to 926 million from 875 million in 2021. However, further growth is necessary to achieve the target of doubling cycling stages to 1.6 billion by 2025. Therefore, the increasing use of bicycles is driving the growth of the bicycle frames market.

The expanding reach of e-commerce is anticipated to drive the growth of the bicycle frames market in the coming years. E-commerce, involving the online buying and selling of goods and services, provides a platform for consumers from diverse regions to access and purchase bicycle frames. This trend offers manufacturers the advantage of maintaining optimal inventory levels, reducing storage costs, and minimizing the time it takes for products to reach end-users. As an example, in August 2023, the United States Census Bureau, a US-based government agency, reported a 7.5% increase (or 1.4%) in the estimate for e-commerce during the second quarter of 2023 compared to the same period in 2022. In contrast, overall retail sales saw a 0.6% rise (or 0.4%), with online stores accounting for 15.4% of all sales in the second quarter of 2023. Consequently, the expanding footprint of e-commerce emerges as a significant driver for the growth of the bicycle frames market.

Product innovations are a significant trend gaining traction in the bicycle frames market. Leading companies in this sector are concentrating on developing new innovative solutions to enhance their market position. For example, in August 2024, No. 22 Bicycle Company, a New York-based bicycle manufacturer, launched an aero-optimized road bicycle featuring a state-of-the-art 3D-printed titanium frame. This innovative design underscores the brand's dedication to merging advanced manufacturing techniques with the demands of high-performance cycling. The use of 3D-printed titanium improves both the aerodynamics and structural integrity of the bike, making it a standout option in the premium bicycle market, particularly for competitive cyclists.

Major companies in the bicycle frames market are actively pursuing strategic collaborations to deliver reliable services to customers. Strategic collaboration involves mutually beneficial partnerships between independent entities working together to achieve shared goals aligned with their individual strategic objectives. A case in point is the collaboration between Fujitsu Limited, a Japan-based company, and Teijin Limited, a Japan-based chemicals company, announced in January 2023. In this collaboration, Fujitsu Limited aims to conduct joint trials with V Frames and Advanced Bikes, contributing to enhancing the environmental value of recycled carbon fiber utilized in the manufacturing process of bicycle frames. Additionally, the partnership is designed to reduce greenhouse gas (GHG) emissions in the production process by promoting the use of recycled materials. This strategic collaboration exemplifies the industry's commitment to sustainable practices and underscores the importance of collaborative efforts in meeting both environmental and business objectives.

In February 2022, Cardinal Cycling Group, a US-based bicycle manufacturer, successfully acquired Detroit Bikes for an undisclosed amount. This strategic acquisition is aimed at enabling Cardinal Cycling Group to broaden its bicycle manufacturing operations into Asia and expand its product range in both the USA and Europe. Detroit Bikes, the acquired company, is a US-based manufacturer specializing in urban bikes and bicycle frames.

Major companies operating in the bicycle frames market include Harison International, Fiend BMX, Pinion GmbH, Giant Manufacturing Co. Ltd., PIERER Mobility AG, The Cannondale Bicycle Corporation, Ideal Bike Corporation, Trek Bicycle Corporation, SCOTT Sports SA, Advanced International Multitech Co. Ltd., Tianjin Fuji-Ta Bicycle Co. Ltd., Worksman Cycles, Hutch BMX Bicycles, Strangerco, Specialized Bicycle Components Inc., Cicli Pinarello SRL, Merida Industry Co. Ltd., Cinelli Official, Kona Bicycle Company, S&M Bikes, Velocite Tech Co. Ltd., All-City Cycles, Quest Composite Technology Corporation, Dengfu Sports Equipment Co. Ltd., WeThePeople Bike Co., Fuji Bikes, Jiangsu QYH Carbon Tech Co.

Asia-Pacific was the largest region in the bicycle frames market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle frames market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bicycle frames market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bicycle frame constitutes the primary structural element of the bike, serving as the foundational structure for assembling various components into the frameset. It significantly influences the bicycle's safe and comfortable traversal from one point to another. Functioning as the backbone, bicycle frames securely hold all parts together, providing the platform for a rider to sit on and control the steering of the bicycle.

There exist various categories of bicycle frames, including mountain, hybrid, road, and other specialized types. The mountain frame is designed for navigating natural elevations, typically exceeding 2,000 feet, with abrupt ascents. These frames utilize materials such as aluminum, steel, carbon fiber, titanium, and others for construction. Distribution channels encompass both online and offline avenues.

The bicycle frames market research report is one of a series of new reports that provides bicycle frames market statistics, including global market size, regional shares, competitors with an aviation asset management market share, detailed aviation asset management bicycle frames market segments, bicycle frames market trends and opportunities, and any further data you may need to thrive in the aviation asset management industry. This aviation asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The bicycle frame market consists of sales of low-step frame, mid-step frame, and high-step frame. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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