Global Bicycle Carbon Steel Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 3.24 Billion |
 Market Size (Forecast Year) |
USD 5.87 Billion |
 CAGR |
% |
| Major Markets Players |
Global Bicycle Carbon Steel Market, By Type (Mountain Bikes, Road Bikes), Application (Bicycle Racing, Bicycle Touring) - Industry Trends and Forecast to 2031.
Bicycle Carbon Steel Market Analysis and Size
Growing demand for lightweight yet durable bicycles, leading manufacturers to incorporate carbon steel materials for their frames. This material offers a balance between strength and weight, appealing to cyclists seeking performance and agility. Additionally, sustainability concerns are driving the adoption of carbon steel, as it can be recycled, reducing environmental impact. Another trend is the increasing popularity of electric bicycles (e-bikes), which utilize carbon steel frames to support the additional weight of batteries and motors while maintaining structural integrity. Moreover, technological advancements in carbon steel production and manufacturing processes are enhancing the quality and performance of bicycles, further driving market growth.
Global bicycle carbon steel market was valued at USD 3.24 billion in 2023 and is expected to reach USD 5.87 billion by 2031, registering a CAGR of 7.7% during the forecast period of 2024-2031. “Road Bikes” segment dominate the market due to the lightweight and strong characteristics of carbon steel, which are highly desirable for long-distance riding and competitive cycling. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable to 2016-2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Mountain Bikes, Road Bikes), Application (Bicycle Racing, Bicycle Touring) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Alchemy Bikes (U.S.), BMC Switzerland AG (Switzerland), Canyon Bicycles USA, Inc. (U.S.), Colnago Ernesto E C. Srl (Italy), Cube Bikes (Germany), DAHON North America, Inc. (U.S.), De Rosa Ugo & Figli Srl (Italy), Ellsworth Bikes (U.S.), Giant Manufacturing Co. Ltd. (Taiwan), ICAN Cycling (China) among others |
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Market Opportunities |
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Market Definition
Bicycle carbon steel refers to the use of carbon steel as a primary material in the construction of bicycle frames or components. Carbon steel is an alloy of iron and carbon, known for its strength, durability, and relatively low cost compared to other materials such as aluminum or titanium. In bicycle manufacturing, carbon steel is often chosen for its favorable combination of properties, including stiffness, resilience, and ease of fabrication, making it a popular choice for a wide range of bicycles, from commuter bikes to high-performance racing models.
Bicycle Carbon Steel Market Dynamics
Drivers
- Growing Environmental Concerns and Shift Towards Sustainable Transportation
Growing environmental concerns and a shift towards sustainable transportation options have propelled the demand for bicycles made from carbon steel, known for its eco-friendly properties and recyclability. Manufacturers are capitalizing on this trend by offering lightweight and durable carbon steel bicycles, driving market growth. Carbon steel bicycles have gained traction due to their sustainability features. With increasing environmental consciousness, consumers are opting for eco-friendly transportation alternatives. Carbon steel, being recyclable and lightweight, is preferred by manufacturers, aligning with sustainability trends. This growing demand for environmentally friendly bicycles is a significant driver propelling the global market forward.
- Advancements in Manufacturing Processes
Ongoing advancements in manufacturing processes and materials science have led to the development of high-performance carbon steel alloys for bicycle production. These innovations have resulted in bicycles that offer superior strength, durability, and ride quality, attracting enthusiasts and professionals alike. As technology continues to evolve, the market for carbon steel bicycles is expected to expand further. Technological advancements in manufacturing processes and materials science have revolutionized the carbon steel bicycle market. High-performance carbon steel alloys have been developed, offering superior strength, durability, and ride quality. These innovations cater to both enthusiasts and professionals, driving demand in the market. With continuous technological evolution, the global market for carbon steel bicycles is poised for significant growth.
Opportunities
- Rapid Urbanization and Increasing Disposable Incomes
Rapid urbanization and increasing disposable incomes in emerging economies present lucrative opportunities for the expansion of the bicycle carbon steel market. With growing awareness about health and environmental issues, there is a rising demand for affordable and eco-friendly transportation solutions, driving the adoption of carbon steel bicycles in these regions. Emerging markets such as India, Brazil and others offer substantial growth opportunities for the bicycle carbon steel market. Rapid urbanization and rising disposable incomes in these regions fuel demand for affordable and eco-friendly transportation solutions. Carbon steel bicycles, known for their durability and sustainability, are gaining popularity among consumers concerned about health and the environment. Capitalizing on these trends can lead to significant market expansion.
- Preferences for Personalized Bicycles
Consumer preferences for personalized bicycles present opportunities for manufacturers to offer customizable carbon steel bike frames and components. With advancements in manufacturing technologies such as 3D printing, it has become easier to tailor bicycles to individual specifications. By catering to this demand for unique and bespoke products, companies can differentiate themselves and capture niche segments of the market. Customization trends in the bicycle carbon steel market offer avenues for innovation and differentiation. Consumers increasingly seek personalized products, prompting manufacturers to offer customizable bike frames and components. Advancements in manufacturing technologies, such as 3D printing, facilitate the production of bespoke bicycles tailored to individual preferences. By tapping into this demand for uniqueness, companies can carve out niche segments and drive growth in the market.
Restraints/Challenges
- Higher Upfront Cost
Despite the numerous advantages of carbon steel bicycles, their relatively higher upfront cost compared to conventional bicycles made from other materials can act as a restraint on market growth. Price-sensitive consumers may opt for cheaper alternatives, limiting the adoption of carbon steel bicycles, especially in price-sensitive regions or segments of the market. While carbon steel bicycles offer numerous advantages, including durability and sustainability, their higher upfront cost compared to conventional alternatives may deter price-sensitive consumers. In regions where affordability is a significant concern, the adoption of carbon steel bicycles may be limited, impacting overall market expansion.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.
Recent Development
- In February 2021, Giant Manufacturing Co., Ltd., announced the launch of a new frameset XTC Advanced SL 29. This innovative frameset boasted cutting-edge technology and design, offering enhanced performance and durability to cyclists worldwide. The introduction of such advanced products not only strengthened Giant's market position but also drove competition and innovation within the carbon steel bicycle sector
Bicycle Carbon Steel Market Scope
The market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Mountain Bikes
- Road Bikes
Application
- Bicycle Racing
- Bicycle Touring
Bicycle Carbon Steel Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type and application type as referenced above.
The countries covered in the market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates and is the fastest growing region in the market is primarily due to its large population, high demand for affordable transportation solutions, and extensive manufacturing capabilities concentrated in countries such as China. Additionally, the region's growing urbanization and increasing awareness of health and environmental concerns further drive the demand for carbon steel bicycles.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bicycle Carbon Steel Market Share Analysis
The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Alchemy Bikes (U.S.)
- BMC Switzerland AG (Switzerland)
- Canyon Bicycles USA, Inc. (U.S.)
- Colnago Ernesto E C. Srl (Italy)
- Cube Bikes (Germany)
- DAHON North America, Inc. (U.S.)
- De Rosa Ugo & Figli Srl (Italy)
- Ellsworth Bikes (U.S.)
- Giant Manufacturing Co. Ltd. (Taiwan)
- ICAN Cycling (China)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
