Key vendors to focus on weight reduction and the enhancement of durability to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global bicycle carbon frames market in their latest research report. This report also lists five other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global bicycle carbon frames market is characterized by the presence of numerous vendors who operate in the market space. Even though the cost of carbon fiber is high, the advances in the manufacturing process can bring about a reduction in the price of the material. The increasing preference for carbon fiber among bicycle manufacturers is attributable to the material’s high strength to weight ratio. This helps the bicycles attain high speeds, which is crucial for sports bikes.
According to Siddharth Jaiswal, a lead analyst at Technavio for research on automotive components, “The global market comprises of six suppliers of carbon fiber who cater to the demands of bicycle frame manufacturers across the globe. The suppliers include Toray, Toho Tenax, Mitsubishi Rayon, Zoltek, Hexcel, and Cytec. The presence of a limited number of suppliers makes the carbon fiber manufacturing process oligopolistic in nature.”
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Top five vendors in the bicycle carbon frames market space
Battaglin Cicli
Battaglin Cicli is a manufacturer of racing bicycles. The company offers the latest innovations in the industry. The unique Italian designs distinguish these products from that of competitors. The company’s frames are aero designed without any overturning in shapes that help in increasing the speed, especially in turns.
Key products: Monocoque frames.
CKT
CKT has been into manufacturing carbon fibers since 2001. Kuang-Tsan Chiang is the president of the company and is reputed as one of the world’s best designers of carbon fiber bikes. The company’s frames are highly reliable and feature unique designs. CKT uses high-quality carbon fibers and focusses on the correct positioning of every carbon fiber layer to produce quality frames.
Key products: CKT-589, CKT-579, CKT-398, CKT-369, CKT168, CKT-688, CKT – Grade e-bike, and SKT-Ouera.
Giant Manufacturing (Giant)
Giant Manufacturing introduced Cadex 980 C, the first affordable carbon fiber bike. Giant’s Maestro Suspension in mountain biking is recognized for its performance in off-road riding and racing. The company has more than 12,000 retail partners worldwide and inspires the spirit of adventure in riders. It is a well-known manufacturer of bicycles and gears.
Key products: On-road, Off-road, For women, For youth, and X-road.
Fuji Bikes
Fuji Bikes is one of the oldest bicycle brands of the world. The company extended its operations to the United States in the 1970s and dominated the international racing arena in the eighties with the likes of Olympic gold medalists Mark Gorski and Connie Paraskevin.
Key products: Road series, Mountain series, and Lifestyle series.
Ritchey Design
Ritchey Design offers product designs and strict testing that result in high-quality, road and mountain bike components. Ritchey Design also offers products like pedals, carbon wheels, carbon forks, saddles, and tires suitable for professional racers and weekend riders.
Key products: Bikes, Frames, Road bike parts, Mountain bike parts, Cross bike parts, and Accessories.
A more detailed analysis is available in the Technavio report, Global Bicycle Carbon Frames Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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