Bicycle Frames Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Bicycle Frames Market Size

Bicycle Frames Market Trends & Drivers

Sports and Competitive Cycling

• The market is experiencing growth due to the rising global customer interest in sports activities, including mountain biking and road bicycle racing.
• The frame serves as the very body of the bicycle, performing important functions related to both safety and operation. It also gives the vehicle its look; the youth currently prefer sleek body designs.
• Nowadays customers also use bicycles as exercise equipment, for a healthier lifestyle, which helps drive the market and attracts investors. Hence, as more people buy these vehicles, the demand for their frames will rise as well.
• The increasing environmental awareness encourages consumers to adopt bicycles. As people recognize the benefits of cycling for both personal health and the environment, more of them would be on the road.

Technological Advancements

• To make the frame lightweight yet durable, the selection of the ideal material is necessary. Currently, carbon fiber, titanium, and aluminum alloys are being used to make such stronger and lighter bodies, to improve the riding experience.
• Moreover, advanced manufacturing techniques, such as automated procedures and 3D printing, make it easier to design the geometry of these body parts, as well as helping adjust its shape and stiffness.
• Manual-shifting gears are being replaced by electronic ones. This approach is more user-friendly because the bicycle shifts automatically according to the preference of the rider.
• Freewheels are another technological advancement, and they allow people to pedal on mountains with little trouble.

Supply Chain Disruptions

• Events such as political emergencies, trade wars, and natural disasters worldwide can affect the supply chain, which causes delays in transporting the necessary components, raw materials, and customized parts for manufacturing the frames and the rest of the vehicle.
• It becomes more difficult for suppliers to meet the demand in such a situation. The resulting longer lead times and shortages create more difficulty for suppliers to reach their customers.
• Likewise, when the supply chain depends on certain locations or countries for manufacturing techniques or raw materials, it creates trade restrictions or geopolitical conflicts.
• When the supply is disturbed for long periods, the inventory needs to be efficiently managed, to keep production going for long periods without raw material replenishment.
• Additionally, nowadays, transportation is also becoming difficult, due to shipping delays, traffic jams, or other bottlenecks in logistics, making it more difficult to deliver frames on time to OEMs.
• Having flexible and adaptable supply chain techniques, creating solid backup plans, and fulfilling supplier demands are essential to reducing these limitations and enabling a smoother flow of goods and raw materials within the bicycle frame industry.

Bicycle Frames Industry Outlook

Type Insights

• In 2024, the road bicycle category acquired the largest share, of 40%.
• This is attributed to the advancements in frame designs, with the usage of carbon fiber, aerodynamics, and integrated components.
• The electric bicycle category will witness the highest CAGR, of 7.5%, in the forecast period.
• This is because electric motors assist with pedaling and increase the rider’s input for less effort.
• The design of e-bike frames is created to carry the extra weight of motors and batteries, while maintaining the structural integrity and maximizing comfort and performance.
• The reason for the increasing craze for these two-wheelers is that the majority of the customers are young, and many are selecting mountain biking as an exciting and enjoyable hobby. Furthermore, mountain bikes are made to deal with the rough and challenging conditions that arise when riding off-road, where electric variants prove more useful.

During the study, we analyzed the following frame types:

• Mountain Bicycle
• Road Bicycle (Largest Frame Market)
• Electric Bicycle (Fastest Growing Market)
• Hybrid Bicycle
• Others

By Material Insights

• In 2024, the aluminum category acquired the largest market, of 45%.
• Aluminum offers a combination of economy and performance due to its excellent strength-to-weight ratio, lightweight nature, and affordable pricing. Thus, because it offers stiffness and durability, frames made of it are popular among beginners and casual riders.
• In the cycling sector, steel frames also have a long history and are known for their comfort, toughness, and smooth riding characteristics. In comparison to those made of aluminum, steel frames are preferred for touring, commuting, and classic-style bikes because of their exceptional strength and durability, which efficiently absorb road vibrations.
• The carbon fiber category will be the fastest-growing in the future.
• Carbon fiber frames offer high rigidity, low weight, and vibration-dampening capabilities. Moreover, due to their favorable strength-to-weight ratios, they are commonly found in high-end road, mountain, and racing bikes, allowing for the customization of the riding characteristics and level of aerodynamics.
• Titanium frames are preferred among people seeking premium options, due to their exceptional durability, ability to withstand corrosion, and safety. Because titanium combines lightweight and solid qualities, they are highly sought after for high-performance, long-lasting bicycles.

During the study, we analyzed the following bicycle frame materials:

• Aluminum (Largest Material Category)
• Carbon Fiber (Fastest-Growing Category)
• Titanium
• Steel
• Others

Distribution Channel Insights

• Since OMEs produce most bicycle frames, it results in cost benefits for consumers through efficient manufacturing methods.
• The aftermarket category is also growing because of consumers' rising desire for customized bicycle bodies. Riders may choose from a wide range of aftermarket bicycle frames with different features, materials, designs, and riding styles.

During the study, we analyzed two distribution channels:

• OEM (Larger Category)
• Aftermarket (Faster-Growing Category)

Regional Insights

In 2024, APAC had the largest revenue share of this market. Moreover, from 2024 to 2030, the regional market is projected to expand at the highest CAGR, of 7.6%.

The growing popularity of cycling as a way of exercise, relaxation, and environment-friendly commute increases the demand for these vehicles. Cycling is also being used as an alternate form of transportation to resolve the problem of traffic congestion, which is alarmingly bad in regional metropolises. Additionally, governments and city planners have started to make this activity popular, by creating dedicated lanes on roads and approving bike-sharing programs.

Europe is expected to develop at a noteworthy CAGR from 2024 to 2030. Governments and planners have started acknowledging cycling as a practical and environment-friendly transportation option.

During the COVID-19 epidemic, Europe saw a significant increase in the popularity of this activity. The regional government allocated funds to develop bicycle lanes, implement traffic management measures, and designate car-free zones.

The regions and countries analyzed in this report include:

• North America
  • U.S. (Larger and Faster-Growing Market)
  • Canada
• Europe (Fastest-Growing Market)
  • Germany
  • U.K.
  • France (Fastest-Growing Market)
  • Italy
  • Spain (Largest Market)
  • Rest of Europe
• Asia-Pacific (APAC) (Largest Market)
  • China (Largest Market)
  • Japan
  • India (Fastest-Growing Market)
  • South Korea
  • Australia
  • Rest of APAC
• Latin America (LATAM)
  • Brazil (Largest and Fastest-Growing Market)
  • Mexico
  • Rest of LATAM
• Middle East and Africa (MEA)
  • Saudi Arabia (Largest Market)
  • South Africa
  • U.A.E. (Fastest-Growing Market)
  • Rest of MEA

Bicycle Frame Market Share

The key players in the markets possess efficient and expansive distribution networks and a variety of tricks to sustain their competitive advantage and secure a greater portion of the market. Some companies pursue mergers and acquisitions, strategic alliances, and contracts with OEMs for the supply of parts and components. Additionally, businesses are channeling money into R&D activities to introduce advanced and distinctive products.

Bicycle Frame Industry News

• In January 2024, Lightcarbon announced plans to use Bafang M820 Engine Kits for LightCarbon E-MTB Carbon Frame LCE930.