Facts & Factors
[215+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Bicycle Frames Market size & share revenue is estimated to grow to around USD 32.01 billion by 2028, at a CAGR of approximately 5.9% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are ADK TECHNOLOGY CO., LTD, Advanced International Multitech Co. Ltd., TOPKEY CORPORATION, Dengfu Sports Equipment Co. Ltd., Ideal Bike Corporation, Giant Manufacturing Co Ltd., and Others.
New York, June 30, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Bicycle Frames Market – Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Bicycle Frames Market size & share in terms of revenue was worth of USD 23.8 billion in 2021 and it is expected to reach around USD 32.01 billion mark, by 2028, growing at a compound annual growth rate (CAGR) of about 5.9% during the forecast period 2022 to 2028.”
What are Bicycle Frames? How big is the Bicycle Frames Industry?
The main structural component of a bicycle, the bicycle frame gives the vehicle strength and rigidity. There are many frames available on the market that are used to construct a variety of bicycle types, including folding bicycles, road bicycles, mountain bicycles, and children’s bicycles. Depending on the kind of bike being built, bicycle frames come in a variety of sizes and shapes. The usage of bicycles for short-distance commuting to save time, government initiatives like infrastructure development, and rising health-related initiatives encouraging people to embrace riding as a form of transportation and enjoyment all have an impact on the bicycle frame market.
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