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Bicycle Frames Market [Newest Report] Size Booming Insights and Latest Innovations to 2028
Facts and Factors report that the Global Bicycle Frames Market Size was worth USD 23.8 billion in 2021 and is expected to reach USD 32.01 billion by 2028. The bicycle frames industry is anticipated to expand 5.9% from 2022 to 2028.
The bicycle frames market report analyzes and reports global, regional, and country industry statistics to get a complete picture. Historical and past insights are presented for FY 2016–2028, while anticipated trends are provided for FY 2022–2028. From FY 2016 to 2028, quantifiable data is presented in USD billion.
Market Overview
Providing the machine with both strength and rigidity, the bicycle frame is the primary framework that makes up a bicycle. To construct a wide variety of bicycles, including but not limited to bicycles, road bikes, mountain bikes, children's bicycles, folding bicycles, and so on, there are a number of frames available on the market. Frames of bicycles can be of varying sizes and shapes, depending on the sort of bicycle that is being manufactured.
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The bicycle frame business is influenced by a number of factors, including increasing the number of healthcare projects that encourage people to ride bicycles as a form of transportation and recreation, the usage of bicycles for short-distance commuting in order to save time, and government programs such as the construction of infrastructure.
Industry Growth Factor
Traffic and parking shortages, especially in cities, are encouraging short-distance bicycle commuting to save time. By the projected period, several governments are rapidly building bicycle commuting infrastructure, encouraging cycling use, and increasing bicycle frame demand. Bike enthusiasts have also built their own bikes by buying and installing frames and other parts.
Many end users want bicycle frames made of high-quality materials for stability and durability. Customizing and developing bicycle frames is expensive, which may slow industry growth. COVID-19's negative impact on production would challenge the bicycle frames market during the forecasts.
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?? Regional Insight by FnF Research ?
Asia-Pacific dominates the bicycle frame business due to the rise of mountain and road biking. High commuting bicycle demand and a large bicycle fleet are expected to boost regional product demand in the next years.
Bike production increased as consumers sought alternatives to public transportation. Globally, Asia-Pacific produces bicycles and bicycle parts. Bicycle-sharing companies are rapidly developing in new markets. Bicycle frame sales will rise.
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