SAN FRANCISCO, Dec. 16, 2020
SAN FRANCISCO, Dec. 16, 2020 /PRNewswire/ -- The global bicycle frames market size is expected to reach USD 32.8 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Bicycle frame is one of the key components while purchasing a bike. It plays an important role in the bicycle performance as it influences weight balance of the vehicle. Aluminum and steel were the most preferred materials used for forming the bicycle frame traditionally. However, the development of modern composites is also leading to the adoption of materials such as titanium and carbon fiber to form frames in order to reduce the bike weight and improve the performance.
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Read 80 page research report with ToC on "Bicycle Frames Market Size, Share & Trends Analysis Report By Material (Aluminum, Steel), By Type (Mountain, Road, Hybrid), By Distribution Channel, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market
Bicycle demand is now gaining prominence after years of decline in demand mainly due to increasing influence of automotive industry. Rising adoption of bicycles as a mode of transport on account of their environmental and health benefits is anticipated to positively influence the market growth. Cycles are also widely used for recreational touring and sports activities. All the aforementioned factors are anticipated to supplement the market growth over the forecast period.
Grand View Research has segmented the global bicycle frames market on the basis of distribution channel, material, type and region:
List of Key Players of Bicycle Frames Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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