According to Cognitive Market Research, The Global Carbon Fiber Road Bike market size is USD 3.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2023 to 2030.
The demand for Carbon Fiber Road Bikes is rising due to the increasing awareness about fitness over sports cycles and initiatives and social campaigns by various governments towards fit.
Demand for road bikes remains higher in the Carbon Fiber Road Bike market.
The bicycle racing category held the highest Carbon Fiber Road Bike market revenue share in 2023.
North American Carbon Fiber Road Bike will continue to lead, whereas the Asia-Pacific Carbon Fiber Road Bike market will experience the most substantial growth until 2030.
