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  • Carbon Composite Bicycle Frame Market Analysis | 2023-2030

    Carbon Composite Bicycle Frame Market Analysis | 2023-2030

    Carbon Composite Bicycle Frame Market Analysis | 2023-2030
    Report code - SR2336 Published On : Feb,2023 No. of Pages: 58
    Carbon Composite Bicycle Frame Market Size, Share, Trends, Forecast, Competitive Analysis See more...

    Market Highlights

    The Global Carbon Composite Bicycle Frame Market was estimated at US$ 669.4 million in 2022 and is expected to grow at a CAGR of 2.7% during 2023-2030 to reach US$ 859.9 million by 2030.

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    What are Carbon Composite Bicycle Frames?

    Carbon composite bicycle frames are structural frameworks for bicycles made primarily from carbon fiber-reinforced polymer materials. These frames utilize carbon fiber's exceptional strength-to-weight ratio and stiffness, resulting in lightweight, durable, and high-performance structures. The manufacturing process involves layering sheets of carbon fiber fabric and epoxy resin, which are then molded into the desired shape. This technology allows for precise customization of frame characteristics, making carbon composite bicycle frames popular among cyclists seeking optimal performance and efficiency in road or off-road cycling.

    Carbon Composite Bicycle Frame Market Report Overview

    Market Size in 2022

    US$ 669.4 Million

    Market Size in 2030

    US$ 859.9 Million

    Market Growth by 2023-2030

    CAGR of 2.7%

    Base Year of Study


    Trend Period


    Forecast Period


    Dominant Region

    North America is expected to be the largest market with a share of >55% in 2022

    Over the years, several bicycle manufacturing companies have inclined towards the usage of composite frames as compared to frames made up of aluminum and steel. Moreover, most bicycle frame manufacturing companies in North America and Europe are outsourcing composite bicycle frames from Chinese and Taiwanese companies in the wake of their good technical capabilities along with the low cost of labor. This is resulting in a rise in the export of composite bicycle frames in the western regions.

    Market Drivers

    Carbon Composite Bicycle Frame Market Snapshot

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    Some of the key factors fueling the growth of the global carbon composite bicycle frame market are-

    • It offers advantages such as increased strength, vibration dampening, and corrosion resistance compared to traditional materials like aluminum or steel.

    • A growing demand for lightweight bicycles coupled with the dilution of carbon composite bicycle frame import tariffs in the USA.

    • People are choosing bicycles over other modes of transportation because of growing environmental and personal fitness concerns.

    • The long-term market scenario presents several opportunities for all the players involved in the entire supply chain of composite bicycle frames.

    Segments Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Bicycle Type Analysis

    Mountain Bike, Road Bike, and Others

    The Road Bike segment is estimated to be the largest and fastest-growing market segment during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    North America is expected to remain the largest market, whereas Asia-Pacific is likely to be the fastest-growing market over the next five years.

    By Bicycle Type

    The carbon composite bicycle frame market is segmented into mountain bikes, road bikes, and others. The Road Bike segment is expected to generate the largest demand, during the forecast period, owing to the rising number of people opting for these bicycles as a form of sports and leisure activities.

    Moreover, with the growing traffic congestion and shortage of parking spaces, particularly in metropolitan cities, more people consider bicycle commuting for short distances to save time. In addition, there is an increasing inclination towards road bikes as a convenient exercise form, to ensure a healthy lifestyle, which is resulting in their increasing demand.

    Regional Analysis

    North America is expected to be the largest market with a share of more than 55% in 2022 for carbon composite bicycle frames, during the forecast period. This region is home to several bicycle manufacturers such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Kona, and SRAM LLC.

    On the contrary, the Asia-Pacific region is likely to witness the fastest market growth during the forecast period, mainly driven by the active presence of the major carbon composite bicycle frames manufacturers, such as Giant Bicycles, TOPKEY, and MERIDA BIKES, in the region, among which two companies are engaged in bicycle production as well.

    In addition, over the years, there has been a rise in the export of composite bicycle frames in the Western regions from Asian countries, owing to their good technical capabilities along with the low cost of labor, which is also likely to follow suit in the coming years.

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    Key Players

    Most of the bicycle manufacturing companies in North American and European countries outsource carbon composite bicycle frames from China or Taiwan, where most of the manufacturers are located. With the further rise in the demand for carbon composite bicycles, there will likely be further evolvement in the market competition in the coming years.

    In recent years, some major Western bicycle manufacturers have initiated the in-house production of carbon composite bicycle frames, to reduce the dependence on Asian frame manufacturers.

    Although most of the carbon composite frame production is expected to be in Asian countries (such as China and Taiwan) in the coming years, the frame manufacturing industry is likely to slowly spread its span to the North American and European regions soon. 

    The following are the key players in the global carbon composite bicycle frame market-

    • Astro Tech Co. Ltd,
    • Carbon Team,
    • Dongguan Taihe Composite Materials Co. Ltd.,
    • Fuji-ta Bicycle Co. Ltd.,
    • Giant Bicycles,
    • Jiangsu QYH Carbon Tech Co. Ltd,
    • REIN4CED NV,
    • Shenzhen Xidesheng Bicycle Co.Ltd.,
    • TOPKEY

    Target Audience

    The following is a list of the customers that the global carbon composite bicycle frame market aims to convert the most:

    • Carbon Composite Bicycle Frame Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government Bodies.

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carbon composite bicycle frame market realities and future market possibilities for the forecast period. The report segments analyze the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process. This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Carbon Composite Bicycle Frame Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    A Bird's Eye View of the Market

    The Global Carbon Composite Bicycle Frame Market is expected to grow at a CAGR of 2.7% during 2023-2030.

    Giant Bicycles, MERIDA BIKES, TOPKEY, Fuji-ta Bicycle Co., Ltd., Jiangsu QYH Carbon Tech Co., Ltd, Shenzhen Xidesheng Bicycle Co., Ltd., Dongguan Taihe Composite Materials Co., Ltd., REIN4CED NV, Carbon Team, and Astro Tech Co., Ltd are the leading players in the carbon composite bicycle frame market.

    The Global Carbon Composite Bicycle Frame Market is expected to reach US$ 859.9 million by 2030.

    North America is estimated to remain dominant in the carbon composite bicycle frame market soon owing to the active presence of big bicycle brands, such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Kona, and SRAM LLC, in the region.

    Road bike is estimated to be dominant in the market in the coming years owing to the growing inclination towards these bicycles as a convenient exercise form, to ensure a healthy lifestyle, which is resulting in their increasing demand.