Global Bicycle Carbon Frames Market 2017-2021
About Bicycle Carbon Frames
Cycling is a healthy, environment-friendly, and inexpensive method for inter-city mobility. Bicycles are gaining popularity due to the increasing support from the government and rising consumer preference for environment-friendly modes of mobility. Unlike other modes of transport, bicycles do not emit toxic substances. The increasing number of health-conscious customers who perceive bicycles as a mode of mobility and fitness, rising environmental concerns, government policies that promote cycling, and the increase in traffic congestions drive the demand for bicycles. Bicycles are an ideal solution to the crisis of depleting resources.
Technavio’s analysts forecast the global bicycle carbon frames market to grow at a CAGR of 27.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bicycle carbon frames market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bicycle Carbon Frames Market 2017-2021
Technavio recognizes the following companies as the key players in the global bicycle carbon frames market: Battaglin Cicli, CKT, Giant Manufacturing (Giant), Fuji Bikes, and Ritchey Design.
Other Prominent Vendors in the market are: Viner Settanta, Pinarello, nüd Bicycles, Specialized Bicycle Components, and TI Cycles (TI).
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of handmade carbon frames. In small steps, the entire frame layup is done by a single person while in bigger units, a specific layup is set for a specific portion of the frame. It is then passed to the next person in the production line to layup the other parts and is then placed in the final mold for curing. The post-cure processes, such as cleaning and painting, also need manual supervision.”
According to the report, one driver in market is declining price of production of carbon fibers. Earlier, the large-scale production of carbon fibers was challenging, which led to the high price of these materials. However, the advancements in technology have led to a prototype injection molding for continuous fiber. Continuous fiber-reinforced composite structures are saturated with a very low viscose plastics matrix. Monomers get polymerized as these have short molecular chain and low viscosity. This helps in increasing the viscosity of the reactive plastic matrix. The displacement of the structural form leads to the wetting down of the fiber structure. This process helps in making fiberglass-reinforced polyamide that is useful in making carbon frames. The innovative production methods and improved technologies lead to a decline in the price of carbon fibers. Carbon composites are increasingly becoming efficient and cost effective due to the improving technologies used to process such materials.
Further, the report states that one challenges in market is high cost of carbon fibers. The rising prices of raw materials, such as resins and carbon fibers, have increased the procurement costs for vendors. The average price of carbon fibers is around 40-$50 per pound. A part of the increased procurement costs is absorbed by the vendors of carbon fibers. The majority of the high procurement cost is borne by customers (by paying high prices). Hence, this is foreseen to be a challenge in the future. The increasing production of these products (by volume) which reduces production costs, thereby lowering product prices can adversely affect the global bicycle carbon frames market. Technological advances have enabled the use of automated production processes for the production of carbon fibers. However, manual processes dominate the market which increase the costs of the products, thereby hindering the adoption of carbon fibers.
Battaglin Cicli, CKT, Giant Manufacturing (Giant), Fuji Bikes, Ritchey Design, Viner Settanta, Pinarello, nüd Bicycles, Specialized Bicycle Components, and TI Cycles (TI).
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