Bicycle Frames Market Research Report by Method (Traditional, Hydroforming Casting), By Type (Electric Bicycle (E-Bike), Muscular Bike (Non-Electric Bike)), By Frame Type (Moto-Style Frames, Step-Through Frames, Mountain Bike Frames, Road Or Step-Over Frames, City Bike Frames, Folding Bike Frames, Hybrid Bike Frames, Cargo Bike Frames) By Frame Material (Aluminum, Steel, Titanium, Carbon Fibers), By Application (City/Urban, Mountain/Trekking, Others), By Manufacturing Model (OEM/ODM,OBM), By Region – Market Forecast Till 2032

 Bicycle Frames Market Overview

Bicycle Frames Market Size was valued at USD 26,106.5 million in 2022. The Global Bicycle Frames market industry is projected to grow from USD 26,651.2 Million in 2023 to USD 43,909.5 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period (2023 - 2032).

Bicycle Frames are the main component in the bicycle since it is the major factor for stability. The bicycle frame is the important part of a bicycle, onto which wheels and other components are fitted. Based on safety, a raised bicycle's most popular frame design today. Bicycle consists of two triangles the main triangle and a paired rear triangle. The handling is primarily determined by the frame, which offers strength and rigidity. There are different types of frames, and each one is suited for a different type of riding. Frames are made of different materials, such as aluminum, titanium, steel, and carbon fiber. Each material has different properties that make it better for different types of riding. For instance, aluminum is strong and light, while steel is strong but heavy. Carbon fiber is light and strong but can be expensive. Frames are also designed for different types of riding. Racing frames are designed for speed, while mountain frames are designed for durability and strength.

The market for Cycle Frame is expected to grow due to the increased popularity of cycling, growing awareness regarding health and environmental benefits. Though it could play a much bigger role, cycling is still a major mode of personal mobility worldwide. Cycling could account for a far larger share of urban passenger transportation due to its convenience, health benefits, and affordability; this would help lower global energy consumption and CO2 emissions. Unlike many industries, the manufacture of bicycles keeps on growing and is also driven by the sale of e-bikes. During the pandemic, numerous local governments have taken action to support and promote more cycling, frequently with funding from the federal and state governments. Cities also implemented various other programs to promote cycling during COVID-19. For example, 96 out of 200 large American cities offered free or discounted bike sharing, including free membership as well as lower charges per hour of use. Some large cities in Europe also offered less expensive bike sharing and even subsidized bicycle purchases and repairs. Additionally, a number of cities reported redesigning intersections to improve safety for both pedestrians and cyclists.

Figure 1: Bicycle Frames Market Size 2019-2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bicycle Frames Market Trends

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  An Increase in Adventure Tourism Use of Bicycles Drives to the Development of Bicycle Components, Including Frames

  
  

As per the World Travel & Tourism Council, the tourism industry is growing at a significant rate. Adventure tourism is taking over the conventional models of tourism all over the regions. The emergence of the adventure tourism sector has led to investments in off-roading activities in many countries across the globe. The emergence of adventure tourism has been leading to investments in off-roading activities in many countries, such as the US, Canada, Germany, Italy, and the UK. Such trends have made tourism are anticipated to surge the growth of the automotive industry, leading to the use of bicycles as the tourism industry is closely linked to the development of bicycle tourism activities. Furthermore, many organizations in countries offer bicycles with tracking facilities, which drives the demand for premium bicycles. The demand for premium bicycles is continuously rising, owing to the tourism industry's growth and restaurants, hotels, tourist attractions, and visitor centers in major countries, such as the US and the UK, that are buying premium bicycles. Thus, an increase in demand from the tourism industry is expected to increase the sale of bicycle products.

Government organizations across North America and Europe, such as European Tour Operators Association Ltd, National Tour Association, European Travel Commission, Adventure Cycling Association, and German Tourism Association, are taking various initiatives to increase the number of tourists and reducing taxes for tourism. Such initiatives are focused on encouraging the tourism industry investors to capitalize on the increased demand for adventure tourism. Furthermore, various tourism organizations and startups are focusing on biking tourism activities and arranging holiday tour packages to famous destinations. This increase in demand for such bicycles in the tourism sector is expected to boost the growth of the bicycles frames market during the study period.

Bicycle Frames Market Platform Segment Insights

Bicycle Frames Method Insights

Based on Method, the Bicycle Frames Market segmentation includes Traditional, Hydroforming and Casting. Traditional will be the majority share in 2022, contributing around 69% to the market revenue. The dominance of traditional manufacturing methods in the Bicycle Frames Market is driven by their established nature, cost-effectiveness, compliance with industry standards, and consumer preference for the proven reliability and performance of traditionally manufactured frames. The high level of expertise and resistance to change also play a role in maintaining the majority share.

Figure 2: Bicycle Frames Market, By Method, 2022 Vs 2032 (Usd Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Bicycle Frames Type Insights

Based on the Type, the Bicycle Frames Market segmentation is Electric Bicycle (E-Bike) and Muscular Bike (Non-Electric Bike). Muscular Bike (Non-Electric Bike) dominated the market in 2022. The dominance of Muscular Bikes (Non-Electric Bikes) in the Bicycle Frames Market in 2022 is attributed to the existing market preferences and a more established consumer base for traditional non-electric bikes. The popularity of muscular bikes stem from their affordability, simplicity, and the familiarity of consumers with traditional biking experiences, contributing to a larger market share compared to Electric Bikes (E-Bikes) at this time.

Bicycle Frames Type Insights

Based on the Frame Type, the Bicycle Frames Market segmentation is Moto-Style Frames, Step-Through Frames, Mountain Bike Frames, Road Or Step-Over Frames, City Bike Frames, Folding Bike Frames, Hybrid Bike Frames, and Cargo Bike Frames. Road Or Step-Over Frames dominated the market in 2022. The dominance of Road or Step-Over Frames in the Bicycle Frames Market in 2022 is attributed to several factors. These frames are versatile and widely used for various purposes, including commuting and recreational riding. The popularity of road bikes for fitness and sports enthusiasts, as well as their efficiency for everyday transportation, contributes to their significant market share. Additionally, the established market demand for road or step-over frames compared to other specialized frame types, such as mountain or cargo bike frames, have led to their dominance in 2022.

Bicycle Frame Material Insights

Based on the Frame Material, the Bicycle Frames Market segmentation is Aluminum, Steel, Titanium, and Carbon Fibers. Aluminum dominated the market in 2022. Aluminum dominated the Bicycle Frames Market in 2022 due to its lightweight, durable, and cost-effective properties.

Bicycle Frame Application Insights

Based on the Application, the Bicycle Frames Market segmentation is City/Urban, Mountain/Trekking, and Others. City/Urban dominated the market in 2022. This is driven by the growing demand for bicycles in urban commuting and the increasing popularity of cycling as a sustainable mode of transportation in city environments. The practical design and features of frames tailored for city use, such as ease of maneuverability and storage, played a key role in the dominance of this segment. The emphasis on fitness, environmental consciousness, and the integration of cycling into urban lifestyles further contributed to the strong market presence of City/Urban Cycle Frame.

Bicycle Frame Manufacturing Model Insights

Based on the Manufacturing Model, the Bicycle Frames Market segmentation is OEM/ODM and OBM. OEM/ODM dominated the market in 2022. OEM/ODM dominated the Bicycle Frames Market in 2022, indicating a prevalence of Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) models. This dominance can be attributed to the industry's reliance on outsourcing production to specialized manufacturers, allowing brands to focus on design, marketing, and distribution while benefiting from the expertise and efficiency of OEM/ODM partners. The cost-effectiveness, flexibility, and streamlined processes associated with OEM/ODM manufacturing contributed to its market dominance over the Original Brand Manufacturing (OBM) model in 2022.

Bicycle Frames Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The Asia-Pacific Bicycle Frames market accounted for ~47% in 2022.  By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The Asia-Pacific Bicycle Frames market accounted for ~47% in 2022.  This regional dominance is indicative of the robust growth and significant market presence in countries across Asia-Pacific. Factors contributing to this dominance may include the region's large population, increasing urbanization, rising interest in cycling for both transportation and recreation, and the presence of major manufacturing hubs for bicycles. The combination of these factors positions Asia-Pacific as a key player in the Bicycle Frames Market.

Figure 3: Bicycle Frames Market Size, By Region 2022 Vs 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

In 2022, Europe played a substantial role in the Bicycle Frames Market, contributing to the industry's dynamics. The region is characterized by a strong cycling culture, with bicycles being a popular mode of transportation and a preferred choice for recreational activities. European consumers often prioritize high-quality materials and design, influencing the demand for diverse types of Cycle Frame. Additionally, the emphasis on sustainable and eco-friendly transportation in European cities has further driven the market. While not as dominant as Asia-Pacific, Europe's market share reflects its significance in the global bicycle industry.

Similarly, North America demonstrated noteworthy influence in the Bicycle Frames market in 2022. The region witnessed a growing interest in cycling, driven by factors such as a focus on healthy lifestyles, environmental consciousness, and the development of cycling infrastructure in urban areas. North American consumers often seek innovative and specialized Cycle Frame, contributing to market growth. While facing strong competition from Asia-Pacific, North America's market share underscores its role as a key player in the global bicycle frames industry.

Bicycle Frames Key Market Players & Competitive Insights

The Bicycle Frames market is distinguished by the presence of numerous Cycle Frame and local players catering to the sachet packaging techniques that are evolving at a rapid pace. Furthermore, the Increasing popularity of cycling, rising demand for bicycle frames among the cyclists for the customization of bicycle, and Growing awareness of the health and environmental benefits of cycling is further driving the growth of Bicycle Frames Market during the forecast period. 

The Bicycle Frames market is extremely competitive, with players competing, partnering, and investing heavily in research and development to gain a significant market share. The market is moderately fragmented with rising competition, increasing collaborative partnerships, and other strategic decisions to achieve operational efficiency.

Mergers and collaborations were also observed to expand the company's product portfolio, as well as introduce new products. The growth of prominent industry players is dependent on various factors, such as market conditions, government support, and industry development. Key manufacturers in the sachet packaging market are focusing on developing products with advanced technologies. It is also projected that a rise in the investments for R&D will also boost the market's growth in the upcoming future.  

Key Companies in the Bicycle Frames market include.

• Maxway Cycles Co., Ltd.


• Kinesis Industry Co., Ltd.


• LightCarbon Composite Technology Co., Ltd.


• AD Group


• Dengfu Sports Equipment Co., Ltd.


• MERIDA BIKES


• INT'L Corp


• Romet


• VDL Bike Frame Technologies


• Hero Cycles


• Other Players

Bicycle Frames Industry Developments

• In December 2023, Light Carbon Composite Technology announced a new foldable ebike, the LCE-XO, with a carbon fiber frame and carbon fiber fork, made by Toray T700 mixed with T800 high-modulus carbon fiber layers.


• In June 2023, Portuguese group Semapa completed 100 percent acquisition of bike frame maker Triangle's for 195 million dollars.


• In Janaury 2023, Fujitsu and Teijin started joint trials with V Frames and Advanced Bikes to increase the recycled materials environmental value in the bicycle frames that V Frames GmbH produces.

Bicycle Frames Market Segmentation

Bicycle Frames Method Outlook

• Traditional


• Hydroforming


• Casting

Bicycle Frames Type Outlook

• Electric Bicycle (E-Bike)


• Muscular Bike (Non-Electric Bike)

Bicycle Frames Type Outlook

• Moto-Style Frames


• Step-Through Frames


• Mountain Bike Frames


• Road Or Step-Over Frames


• City Bike Frames


• Folding Bike Frames


• Hybrid Bike Frames


• Cargo Bike Frames

Bicycle Frames, Frame Material Outlook

• Aluminum


• Steel


• Titanium


• Carbon Fibers

Bicycle Frames Application Outlook

• City/Urban


• Mountain/Trekking


• Others

Bicycle Frames Manufacturing Model Outlook

• OEM/ODM


• OBM

Bicycle Frames Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • South America