According to a recent market study published by Growth Market Reports, titled, “Global Titanium Bicycles Market” by Type (Road Bikes, Mountain Bikes, and Others), by End-user (Amateur and Professional):  Size, Share, Trends, and Opportunity Analysis, 2015-2030”, the market was valued at USD 1,058.3 Million in 2021 and is expected to grow at a CAGR of 4.2% by the year 2030.

As per Growth Market Reports industry analysts Sakshi Bhoyar and Vineet Pandey “Global Titanium Bicycles Market are anticipated to witness significant growth during the forecast period 2022-2030. Europe is estimated to hold a dominant share of the market, with the growing adoption of strict environmental guidelines focused on reducing CO2 emissions from transport. For instance, countries such as the Netherlands are highly engaged in increasing the production of bicycles, which increases the demand for titanium bicycles among consumers in Europe.

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Titanium-based bikes are increasingly popular among customers, especially professional riders. These bikes are mostly designed to offer half the weight and are twice as strong as traditional bikes. Titanium’s high tensile strength, inherent flexibility, and low modulus of elasticity allow bicycle frames to remain strong over time. Additionally, the stiffness of the titanium bike is better suited for racing as it accelerates faster and handles the balance of the bike better. Titanium has a higher stiffness-to-weight ratio than its counterparts. Therefore, increasing demand for titanium-based bicycles, especially among professional riders, is expected to drive the market further during the forecast period.

Key factors that are anticipated to fuel the demand for the Global Titanium Bicycles Market during the forecast period, due to the increasing government focus on cycling infrastructure development. Conversely, the High maintenance cost of titanium bicycles is hampering the growth of the market. Increasing government focus on cycling infrastructure development for titanium bicycles is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant-embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary, as well as secondary research methodology, is used for keen observation and study of the global titanium bicycles market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current & future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities.  According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affects businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the current scenario, COVID-19 is somewhat hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, the reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The key players in the market include Accell Group, Ribble Cycles, American Bicycle Group, Lynskey Performance Designs, Pilot Cycles, Carver Bikes, Enigma Titanium Limited, Dean Cycle Works, Moots, Bilenky Cycle Works Ltd, Seven Cycles, Inc., MASON Progressive Cycles Ltd., Baum Cycles Pty Ltd, Firefly Bicycles, and Dolan Bikes.

  • The mountain bicycle segment is expected to grow during the forecast period, as consumers, especially millennials, continue to choose mountain biking as a form of leisure and adventure. Additionally, the number of women and children involved in sports is constantly increasing, which is expected to affect the growth of this segment globally.

  • In terms of end-user, the amateur segment held a 25.6% market share in 2021. The growing popularity of cycling among people across different age groups and increasing awareness of health benefits associated with cycling are major factors responsible for driving the segment.

  • In terms of regions, the Global Titanium Bicycles Market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the Middle East & Africa is projected to grow rapidly over the forecast period, due to the growing demand and adoption of titanium bicycles by consumers in the region.

Report Scope:

Report Metric

Details

Market Value in 2021

USD 1,058.3 Million

Market Growth Rate (from 2022 to 2030)

4.2%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

by Type, by End-user, and by Region

Key Companies Profiled

Accell Group, Ribble Cycles, American Bicycle Group, Lynskey Performance Designs, Pilot Cycles, Carver Bikes, Enigma Titanium Limited, Dean Cycle Works, Moots, Bilenky Cycle Works Ltd, Seven Cycles, Inc., MASON Progressive Cycles Ltd., Baum Cycles Pty Ltd, Firefly Bicycles, and Dolan Bikes.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Product Manufacturers and Suppliers or Distributors  

  • Demand Side: Individual (Amateur and Professional)

  • Regulatory Side: Concerned government authorities, and other regulatory bodies.

  • Associations and Industry Bodies: Union Cycliste Internationale (UCI) and others.