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Bicycle Frames Market Share

Report ID: GMI7693
Published Date: Dec 2023
Report Format: PDF

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Bicycle Frames Market Share

Giant Manufacturing Co. Ltd., Merida and Trek are the dominant companies in the bicycle frames industry. These companies are fiercely competing for market share through strategic initiatives. This includes securing substantial funding for research & development, forging key partnerships to enhance product offerings, and investing in innovative technologies. These efforts are aimed at gaining a competitive edge, expanding market presence, and meeting the evolving demands of cyclists globally.

Giant Manufacturing Co. Ltd. offers a diverse range of bicycle frames tailored to various cycling disciplines, from road and mountain biking to urban commuting and e-bikes, this allows Giant to address a wide market spectrum and meet the diverse needs of cyclists.

Bicycle Frames Market Companies

Major companies operating in the bicycle frames industry are:

Bianchi
Cannondale Bikes
Canyon
Cervélo
Cicli Pinarello SRL
Giant Manufacturing Co. Ltd.
Merida
Pinion
SCOTT Sports SA
Trek

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bicycle frames reached USD 21.8 billion in 2023 and is set to expand at 6.5% CAGR between 2023 and 2032, attributed to the increasing influx of funding aimed at expanding the production of innovative bicycle frames.

The aluminum segment accounted for a market share of around 40% in 2023, due to the incorporation of low-carbon aluminum materials that help decrease both weight and carbon footprint.

Asia Pacific market share was over 35% in 2023, owing to the robust economic development in the region, and heightened demand for high-quality bicycles.

Bianchi, Cannondale Bikes, Canyon, Cervélo, Cicli Pinarello SRL, Giant Manufacturing Co. Ltd., Merida, Pinion, SCOTT Sports SA, and Trek.