Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Global Carbon Fiber Bike Market by Type (Mountain Bikes, Road Bikes), Application (Bicycle Racing, Bicycle Touring) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Carbon Fiber Bike Market size was estimated at USD 3.01 billion in 2022, USD 3.24 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.69% to reach USD 5.45 billion by 2030.
In this report, 2018 to 2021 are considered as the historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Market Segmentation & Coverage:
This research report categorizes the Global Carbon Fiber Bike Market in order to forecast the revenues and analyze trends in each of the following sub-markets:
- Based on Type, the market is studied across Mountain Bikes and Road Bikes. Road Bikes commanded the largest market share of 49.68% in 2022, followed by Mountain Bikes.
- Based on Application, the market is studied across Bicycle Racing and Bicycle Touring. The Bicycle Racing commanded the largest market share of 65.01% in 2022, followed by Bicycle Touring.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. Europe, Middle East & Africa commanded the largest market share of 46.56% in 2022, followed by the Americas.
The report answers questions such as:
- What is the market size and forecast of the Global Carbon Fiber Bike Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Carbon Fiber Bike Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Carbon Fiber Bike Market?
- What is the competitive strategic window for opportunities in the Global Carbon Fiber Bike Market?
- What are the technology trends and regulatory frameworks in the Global Carbon Fiber Bike Market?
- What is the market share of the leading vendors in the Global Carbon Fiber Bike Market?
- What modes and strategic moves are considered suitable for entering the Global Carbon Fiber Bike Market?
Market Dynamics
- Drivers
- Rising Adoption of the Carbon Fiber Bikes for Racing Purposes
- Increasing Awareness about Fitness over Sports Cycles
- Initiatives and Social Campaigns by Various Governments Towards Fitness
- Restraints
- High Cost of Carbon Fiber Bike
- Opportunities
- Growing Bicycle Manufacturing Industry and Bicycle Components
- Increase in Tourism and Social Campaign
- Challenges
- Repairs on Composites can be Difficult and Costly
Companies Mentioned
- Alchemy Bikes
- BMC Switzerland AG
- Canyon Bicycles USA, Inc.
- Colnago Erneso E C. Srl
- Cube Bikes
- DAHON North America, Inc.
- De Rosa Ugo & Figli Srl
- Ellsworth Bikes
- Giant Manufacturing Co. Ltd.
- ICAN Cycling
- Kestrel Bicycles
- KROSS S.A.
- LOOK Cycle International SAS
- Merida Industry Co., Ltd.
- PIERER Mobility AG
- Rinasclta Bicycle Components
- Santa Cruz Bicycles, Inc.
- Storck Bicycle GmbH
- SwiftCarbon
- Tianjin Fuji-ta Group Co., Ltd.
- Trek Bicycle Corporation
- Tyrell Bike
- XDS Bikes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.24 Billion |
| Forecasted Market Value (USD) by 2030 | $5.45 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/9gpyxg
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