Segments - Titanium Bicycles Market by Type (Road Bikes, Mountain Bikes, and Others), by End-user (Amateur and Professional), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2022 – 2030
The Global Titanium Bicycles Market was valued at USD 1,058.3 Million in 2021 and is projected to reach USD 1,517.7 Million by 2030, expanding at a CAGR of 4.2% during the forecast period. Growth in global atmospheric CO2 levels and the increasing prevalence of air-borne diseases are creating a high demand for bicycles among customers. This is anticipated to drive the market in the near future.
Bicycles are widely used for transportation, recreation, and sports. There are twice as many bicycles as there are cars in the world, indicating the ratio of 3 bikes for 1 car. Titanium bicycles are a viable alternative to high-end steel and carbon fiber bicycles.
Titanium bicycles are lighter than steel without the use of large aluminum or carbon fiber tubes. Titanium bikes help people overcome bumps on the road. For the past 25 years, titanium bicycle models have been developed with enhanced properties. Titanium boasts of extraordinary fatigue life, due to its inherent corrosion resistance properties.
The increasing number of people using bicycles as a form of leisure activity and health fitness purpose is expected to boost the market. Bicycling is preferred as a convenient form of exercise to ensure a healthy life and free from various health conditions such as obesity is expected to further spur the market expansion.
Demand for lightweight bicycles is increasing, especially in urban areas worldwide due to growing awareness of the health benefits of cycling and reducing the carbon footprint. Titanium is one of the lightest metals widely used in bicycle manufacture to meet the demand for lightweight bicycles. Titanium is lighter than steel and stronger than steel and aluminum.
Titanium has various superior properties such as high fatigue strength and titanium frames that make them last longer, which are major qualities cyclists usually consider in deciding on a bike. The high demand for lightweight products and increasing acceptance of various attributes such as strength and strong agility in bikes are major aspects of the global market.
The lack of infrastructure needed to support and encourage commuters to use bicycles is anticipated to severely hamper the sales of high-end bicycles during the forecast period.
Numerous developing countries do not have bicycle lanes or locking systems to prevent bicycle theft in public areas. These factors also limit the adoption of high-end bicycles among consumers. The lack of committed cycling tracks is one of the principal reasons hampering demand for titanium bicycles.
The increasing number of cycling events and tournaments worldwide is expected to offer growth opportunities to the market during the forecast period. Additionally, a growing focus on promoting road racing, leisure touring & cycling, track racing, mountain cycling events, and off-road racing events are anticipated to supplement the market growth during the forecast period.
The report on the global Titanium Bicycles Market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Titanium Bicycles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2015 – 2020 |
Forecast Period |
2022–2030 |
Segmentation |
by Type (Road Bikes, Mountain Bikes, and Others), by End-user (Amateur and Professional) |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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, Dolan Bikes |
Based on type, the global titanium bicycle market is segmented into road bicycles, mountain bicycles, and others. The road bicycles segment held a 60.8% market share in 2021 and is projected to expand at a CAGR of 4.4% during the forecast period.
High fuel prices, improving infrastructure for cycling, and the rising need to maintain fitness through cycling are boosting the sale of road bicycles, which is driving this segment. Titanium road bicycles are light in weight and designed for swift riding on roads. Therefore, they are gaining popularity among people for commuting to the workplace or for traveling.
Based on end-user, the global titanium bicycles market is bifurcated into amateur and professional. The professional segment holds the maximum share of the market in 2021 and is expected to expand during the forecast period. An increased number of events and races organized by governments, sports associations, and companies is boosting the professional segment.
Asia Pacific accounted for 20.1% market share in 2021. Growth in manufacturing facilities in the subcontinent is expected to attract many new investors in the region. Moreover, low manufacturing costs associated with low labor costs in several countries in the Asia Pacific are expected to fuel the market during the forecast period.
In-depth Analysis of the Global Titanium Bicycles Market
Historical, Current and Projected Market Size in terms of Value.
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Titanium Bicycles Market Performance
Top 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 players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Global Titanium Bicycles Market.
Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Increasing demand for lightweight bicycles and Multiple health, environmental, and economic benefits associated with titanium bicycles are the factors expected to drive the market growth during the forecast period.
According to this growth market report, the titanium bicycles market is likely to register a CAGR of 4.2% during the forecast period 2022-2030, with an anticipated valuation of USD 1,517.7 million by the end of 2030.
Amateurs and Professionals are the major end-user of titanium bicycles.
Factors such as per capita income, cyclist population, technological advancement & sustainability are analyzed in the final report.
The market is expected to be positive in 2019 and 2020 owing to the increased adoption of these bicycles and the promotion of road racing, long-distance & leisure cycling, and mountain biking.
In addition to market size (in USD Million), Company Market Share (in % for base year 2021), volume, and Value have been provided in the report.
The base year considered for the Global Titanium Bicycles Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015-2020 are the historic years, and forecast is provided from 2022 to 2030.