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Global Bicycle Rims Market is projected to grow at a CAGR of 8.2% forcasted for period from 2024 to 2031

Bicycle Rims Introduction

The Global Market Overview of "Bicycle Rims Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Bicycle Rims market is expected to grow annually by 8.2% (CAGR 2024 - 2031).

Bicycle rims are circular metal components that form the outer edge of a bicycle wheel, providing structure and support for the tire. The primary purpose of bicycle rims is to support the tire, distribute the weight of the rider, and provide stability and durability for the wheel.

Advantages of high-quality bicycle rims include improved performance, better handling, increased speed, and reduced rolling resistance. Additionally, they can contribute to the overall aesthetics of the bike. The bicycle rims market is influenced by technological advancements, materials used (such as carbon fiber), and trends in cycling disciplines like mountain biking and road racing. As more riders seek lighter, stronger, and more aerodynamic rims, manufacturers are continually innovating to meet these demands. Overall, the bicycle rims market is expected to grow as more cyclists discover the benefits of upgrading their rims for better performance and ride quality.

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Market Trends in the Bicycle Rims Market

- Carbon fiber rims: Carbon fiber rims are becoming increasingly popular due to their lightweight, stiff, and aerodynamic properties.

- Tubeless technology: Tubeless rims are gaining popularity as they offer lower rolling resistance, better traction, and fewer punctures compared to traditional tube setups.

- wider rim profiles: Wider rims are becoming more popular as they provide better tire stability and improved handling performance.

- disc brake compatibility: More rims are being designed to be compatible with disc brakes, as they offer better braking performance in all weather conditions.

- sustainability: There is a growing trend towards sustainable and eco-friendly materials in the production of bicycle rims, such as recyclable materials and sustainable manufacturing practices.

Overall, the Bicycle Rims market is experiencing steady growth driven by technological advancements and shifting consumer preferences towards high-performance and sustainable products.

Market Segmentation

The Bicycle Rims Market Analysis by types is segmented into:

  • Less than 16 Inch
  • 16 Inch to 20 Inch
  • Above 20 Inch

Bicycle rims are categorized based on their size, with three main types: less than 16 inches, 16 inches to 20 inches, and above 20 inches. These different sizes cater to the needs of various types of bicycles such as children's bikes, BMX bikes, and mountain bikes. The variety in sizes helps in boosting the demand for bicycle rims as it ensures that there is a suitable option available for different types of bikes, thus attracting a wider range of customers in the bicycle rims market.

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The Bicycle Rims Market Industry Research by Application is segmented into:

  • Sports Bicycles
  • Road Bicycles
  • Mountain Bicycles
  • Hybrid Bicycles

Bicycle rims are crucial components in various types of bicycles such as sports, road, mountain, and hybrid bicycles. In sports bicycles, rims are used for high-speed racing and agility. Road bicycles rely on rims for smooth pavement performance, while mountain bicycles require durable rims for off-road terrain. Hybrid bicycles use rims that offer versatility for both road and trail riding. Among these segments, sports bicycles are the fastest-growing application in terms of revenue due to the increasing popularity of competitive cycling events and the demand for high-performance equipment.

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Geographical Spread and Market Dynamics of the Bicycle Rims Market

North America:

  • United States

  • Canada


  • Germany

  • France

  • U.K.

  • Italy

  • Russia


  • China

  • Japan

  • South Korea

  • India

  • Australia

  • China Taiwan

  • Indonesia

  • Thailand

  • Malaysia

Latin America:

  • Mexico

  • Brazil

  • Argentina Korea

  • Colombia

Middle East & Africa:

  • Turkey

  • Saudi

  • Arabia

  • UAE

  • Korea

The Bicycle Rims market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is driven by increasing demand for lightweight and durable rims for bicycles. Key players such as Araya Industrial, Ambrosio, and DT Swiss are focusing on product innovation and development to cater to the growing market demand. The market offers opportunities for players to expand their presence in emerging economies like China, India, and Brazil. Factors such as growing popularity of cycling as a recreational activity and rising awareness about fitness are driving the market growth. With increasing disposable income and a shift towards sustainable transportation, the demand for high-quality bicycle rims is expected to rise in these regions. Players like Mavic, Ryde, and Spank Industries are focusing on expanding their product lines to capitalize on these growth opportunities.

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Bicycle Rims Market Growth Prospects and Market Forecast

The expected CAGR for the Bicycle Rims Market during the forecasted period is projected to be around 4% to 5%. Innovative growth drivers such as the increasing adoption of carbon fiber rims for enhanced performance and lightweight properties, the rising popularity of tubeless rims for better traction and reduced risk of punctures, and the growing trend of customization options for rims to cater to individual preferences are expected to drive market growth.

Deployment strategies like investing in research and development to improve the durability and aerodynamic performance of rims, expanding product offerings to include a wider range of sizes and styles to appeal to a broader customer base, and leveraging e-commerce platforms to reach a global audience are instrumental in increasing growth prospects for the Bicycle Rims Market. Additionally, trends such as the shift towards sustainable and eco-friendly materials, the integration of smart technologies for real-time monitoring of rim conditions, and collaborations with bicycle manufacturers for exclusive partnerships can further propel market growth in the coming years.

Bicycle Rims Market: Competitive Intelligence

  • Araya Industrial
  • Ambrosio
  • Corima
  • Hed Cycling Products
  • DT Swiss
  • Mavic
  • Ryde
  • Ursus S.p.a.
  • Xiamen YISHUN Carbon Composite Technology
  • Astral Cycling
  • Easton Cycling
  • ENVE
  • Kinlin Industrial Corporation
  • Knight Composites
  • Mcfk
  • SPANK Industries

Araya Industrial is a well-established player in the bicycle rims market, known for its high-quality, durable products. The company has a strong reputation for innovation and has been introducing new technologies to enhance the performance of its rims. Araya Industrial has a global presence and has been experiencing steady growth in revenue over the past few years.

Corima is another prominent player in the market, renowned for its cutting-edge technology and aerodynamic designs. The company has a strong focus on research and development, constantly striving to improve its products and stay ahead of the competition. Corima has been expanding its market share and increasing its revenue significantly in recent years.

Mavic is a key player in the bicycle rims market, offering a wide range of products catering to different needs and preferences of cyclists. The company has a strong brand presence and a loyal customer base. Mavic has been implementing innovative marketing strategies to promote its products and drive sales growth.

DT Swiss is a leading player in the market, known for its high-performance rims and wheels. The company has a solid track record of revenue growth and has been investing in new technologies to stay competitive. DT Swiss has a strong market presence in Europe and North America and is poised for further growth in the coming years.

Sales revenue:

- Araya Industrial: $50 million

- Corima: $30 million

- Mavic: $80 million

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