Carbon Fiber Bike Market Size, Share, By Type (Road Bikes and Mountain Bikes), By Application (Bicycle Racing and Bicycle Touring), and By Region - Trends, Analysis and Forecast till 2034

• In 2023 carbon fiber bike market was estimated to be worth USD 3.34 billion.
• By 2034, the target market is expected to grow to USD 7.9 billion.
• Target market is expanding at a CAGR of 8.2%

Market Overview:

Carbon fiber bike market is driven by growing demand of carbon fiber bike for racing purpose. In addition, growing awareness about fitness over sports cycles such as good workout for muscles, easy to ride, good for physical strength, tourism and other social campaigns is another factor propelling growth of the global market. Furthermore, an initiative by various governments towards fitness and rising social campaigns activities across the globe is also anticipated to create opportunities for growth of the global market over the forecast period.

Key Takeaways:

• North America held the largest share of the market in 2024.
• Europe is projected to be the fastest-growing market in the coming years.
• By type, the road bikes accounted for the largest share of the carbon fiber bike market.
• By application, the bicycle racing holds the highest share in the carbon fiber bike market.

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Key Drivers of Target Market:

Lighter in Weight

• The fibrous nature of the material allows frame builders to adjust stiffness and compliance by aligning the carbon layers in varying ways. The carbon fibre bike frame have stiffness in the bottom bracket and head tube areas for power delivery and control, and have compliance in the seat tube and stays for comfort ride. 
• For Instance, in March 2024, A Santa Crux Bikes, the overwhelmingly cool mountain bike company. It has an extremely lightweight carbon fiber frame which houses an equally lightweight 450-watt Fazua 60 motor, with a 430-watt-hour battery.

Restrains:

Complex Stress Calculation

• The carbon fiber frame is made up of carbon fiber which is characterized by strong tensile strength but weak shear strength. Complex stress calculations i.e. longitudinal stiffness and lateral stiffness are required during processing, and carbon fiber sheets are superimposed and formed according to the calculations. Processing technology varies from manufacturer to manufacturer, and it is important to choose a product from an experienced and reliable manufacturer (TRIFOX).
• Counterbalance Statement: Manufacturers want to account for complicated pressure factors, which includes each longitudinal and lateral stiffness, by using Standard operating procedures to minimize the complex stress calculation

Opportunities:

Economies of Growth in Infancy

• Emerging markets in Asia Pacific, Latin American, and African regions, which consider increasing disposable incomes, increasing urbanization, changing consumer lifestyles, consumer preference, and increasing focus and interest in fitness and outdoor activities as growing factors, create major opportunities for the market's growth.

The market is segmented based on Type, and Application.  

Type Insights:

• On the basis of Type Carbon Fiber Bike Market is segmented into Road Bikes and Mountain Bikes. Road bikes dominate the target market growth as it is widespread availability, consumer preference, etc.

Application Insights:

• The carbon fiber bike market by application is segmented into Bicycle Racing and Bicycle Touring. Bicycle racing accounted for the highest share of the market due to increasing awareness about fitness, rising social campaign activities, etc.

Regional Insights

• North America: This region is expected to dominate the growth of the market during the forecast period due to growing awareness about fitness over carbon fiber bikes in countries in the region.
• Europe: This region is also contributing to the second-highest share in the carbon fiber bike market and is expected to grow at a significant rate in the global market over the forecast period.

Carbon Fiber Bike Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities across sub-segments from 2024 to 2034. It segments the market by Type, Application, and Region.

Segmentation:

By Type:

• Road Bikes
• Mountain Bikes

By Application:

• Bicycle Racing
• Bicycle Touring

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Carbon Fiber Bike Market Include Trek Bicycle Corporation, Marmot Mountain LLC., Lianyungang Shenying Carbon Bike Corp Ltd., DATENSCHUTZ- Berater, Giant Bicycle Inc., COLNAGO Ernesto & C.S.R.I., Merida Bicycle Co Ltd., Look Cycle International S.A., Alchemy Bikes, Cube Bikes, DAHON North America Inc., De Rosa, Ellsworth Bikes, Felt Bikes, and XDS (Pty) Ltd.

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• In October 2024, Yamaha has introduced the R15M Carbon Fiber Edition which aims to impress motorcycle enthusiasts in India. This new model has its unique design and advanced features which promising a thrilling ride for both new and experienced riders.
• In September 2024, CompoTech’s company announced new Epona mountain bike which is latest version of the CDURO bike fitted with new design “Intend Carbonite” suspension forks, which have much lighter, stiffer epoxy carbon fork tubes than existing aluminum design forks.

Analyst View:

The industry for carbon fiber bike market is placed for substantial growth due to increasing awareness for fitness and healthy lifestyle. An initiative by various governments towards fitness and rising social campaigns activities across the globe helps to boost the growth of the market in upcoming years.

• Trek Bicycle Corporation
• Marmot Mountain LLC.
• Lianyungang Shenying Carbon Bike Corp Ltd.
• DATENSCHUTZ- Berater
• Giant Bicycle Inc.
• COLNAGO Ernesto & C.S.R.I.
• Merida Bicycle Co Ltd.
• Look Cycle International S.A.
• Alchemy Bikes
• Cube Bikes
• DAHON North America Inc.
• De Rosa
• Ellsworth Bikes
• Felt Bikes
• XDS (Pty) Ltd.

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