Bicycle Carbon Wheel Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Type;
81mm, 59mm, 49mm, 38mm Carbon Wheel, Tubular, Clincher and TubelessBy Material;
Uni-Directional, Woven and Multi-DirectionalBy End-User;
Professional and AmateurBy Application;
Road & Track, Mountain, Cross-Country, Gravel, Cyclocross and Time Trial & TriathlonBy Sales Channel;
OEM and AftermarketBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Bicycle Carbon Wheel Market Overview
Bicycle Carbon Wheel Market (USD Million)
Bicycle Carbon Wheel Market was valued at USD 1150.16 million in the year 2024. The size of this market is expected to increase to USD 1846.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.
Bicycle Carbon Wheel Market
*Market size in USD million
CAGR 7.0 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 7.0 % |
| Market Size (2025) | USD 1150.16 Million |
| Market Size (2032) | USD 1846.91 Million |
| Market Concentration | Medium |
| Report Pages | 373 |
Major Players
- Giant Bicycles
- Mavic
- Zelvy
- Zipp Speed Weaponry
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Bicycle Carbon Wheel Market
Fragmented - Highly competitive market without dominant players
Bicycle Carbon Wheel Market is witnessing strong growth as cyclists demand superior performance, speed, and durability. Nearly 48% of professional riders now prefer carbon wheels for their lightweight design and aerodynamic efficiency, helping to boost adoption across both competitive and recreational cycling sectors.
Key Drivers Accelerating Growth
The shift toward lightweight and aerodynamic designs is a major growth factor. Reports indicate that almost 45% of performance-focused cyclists invest in carbon wheels to enhance riding speed and reduce fatigue. Their stiffness and low rolling resistance make them an essential upgrade for long-distance and racing activities.
Expanding Adoption Among Enthusiasts
Carbon wheels are no longer limited to professionals. Nearly 40% of cycling hobbyists have adopted them for better ride quality and stylish aesthetics. This transition from niche equipment to mainstream cycling gear reflects rising consumer interest and a broadening demand base.
Technological Advancements Boosting Performance
Innovative features like tubeless compatibility and enhanced braking surfaces are reshaping consumer preferences. Surveys show that close to 44% of cyclists seek technologically advanced carbon wheels for improved control, safety, and long-lasting performance benefits.
Premium Branding and Sustainability Outlook
Bicycle Carbon Wheel Market is also benefiting from sustainability initiatives and premium positioning. Manufacturers are increasingly adopting eco-friendly materials, with nearly 38% of consumers favoring brands that combine performance with environmental responsibility, strengthening the overall industry outlook.
Bicycle Carbon Wheel Market Key Takeaways
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Rising popularity of performance cycling and competitive sports is driving the demand for lightweight carbon fiber wheels offering superior aerodynamics and stiffness.
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Advancements in carbon composite manufacturing are enabling stronger, lighter, and more durable wheel designs suited for both road and mountain biking applications.
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Shift toward premium bicycles in developed markets is fueling adoption among enthusiasts and professional riders seeking improved ride efficiency and acceleration.
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Integration of aerodynamic engineering and tubeless compatibility in new models enhances rolling performance and puncture resistance.
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Growing trend of electric bicycles (e-bikes) with high-torque motors is encouraging the development of reinforced carbon wheelsets capable of handling added stress loads.
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Increasing customization options and direct-to-consumer sales channels are expanding market accessibility and brand differentiation.
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Asia-Pacific and Europe represent major growth hubs due to rapid urban mobility adoption and cycling culture expansion.
Bicycle Carbon Wheel Market Recent Developments
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In November 2023, Zipp launched its 353 NSW carbon wheels featuring a tubeless design to enhance speed and performance across diverse terrains, marking a significant advancement in wheel technology for competitive cyclists.
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In May 2022, ENVE released a new line of carbon gravel wheels engineered specifically for off-road endurance racing, delivering improved durability, aerodynamics, and stability for demanding terrain conditions.
Bicycle Carbon Wheel Market Segment Analysis
In this report, Bicycle Carbon Wheel Market has been segmented by Type, Material, End-User, Application, Sales Channel, and Geography.
Bicycle Carbon Wheel Market, Segmentation by Type
The market is segmented by Type into 81mm, 59mm, 49mm, 38mm Carbon Wheel, Tubular, Clincher, and Tubeless. The carbon wheel type determines the wheel's aerodynamics, strength, and performance characteristics, with different types catering to professional riders, amateur cyclists, and specific types of cycling.
81mm
81mm carbon wheels are designed for high-speed performance and are widely used in time trials and triathlons. These wheels provide excellent aerodynamic efficiency and stability at high speeds, making them the preferred choice for professional athletes and serious enthusiasts.
59mm
59mm carbon wheels offer a balance between aerodynamics and weight, making them suitable for a variety of applications, from road racing to time trials. These wheels provide good speed performance while maintaining stability under various weather conditions.
49mm
49mm carbon wheels are typically lighter and more versatile, offering better handling and maneuverability compared to deeper wheels. These wheels are popular among riders who prioritize climbing performance and cornering stability during races.
38mm Carbon Wheel
38mm carbon wheels provide excellent balance between speed, weight, and aerodynamics, making them ideal for all-around riding, including road racing and recreational cycling. These wheels offer a blend of high performance and comfort for both professional and amateur riders.
Tubular
Tubular carbon wheels are designed for high-performance use, often favored in track racing and professional road cycling due to their lightweight nature and enhanced puncture resistance. These wheels provide superior efficiency but require a more complex setup compared to clinchers.
Clincher
Clincher carbon wheels are the most common type used for road cycling, offering ease of use and convenience with replaceable inner tubes. These wheels are popular among amateur cyclists due to their versatility and repairability.
Tubeless
Tubeless carbon wheels are gaining traction in the market due to their ability to run at lower tire pressures and offer better puncher resistance compared to clincher wheels. They are preferred by cyclists in mountain biking and gravel racing for improved grip and reduced risk of flats.
Bicycle Carbon Wheel Market, Segmentation by Material
The market is segmented by Material into Uni-Directional, Woven, and Multi-Directional materials. The choice of material affects the strength, weight, and overall performance characteristics of the wheels.
Uni-Directional
Uni-directional carbon wheels are made from fibers oriented in one direction to maximize strength in that direction. These wheels are typically lighter and more aerodynamic, making them ideal for high-speed racing applications such as road cycling and time trials. The reduced weight and improved stiffness make them popular among professional cyclists.
Woven
Woven carbon wheels are made from fibers woven together to create a fabric that offers strength in multiple directions. These wheels are more durable and flexible compared to uni-directional wheels, making them suitable for varied terrain and endurance cycling.
Multi-Directional
Multi-directional carbon wheels offer the best of both worlds, combining strength and flexibility in all directions. These wheels are used in a variety of cycling disciplines, offering good impact resistance and handling characteristics for diverse riding conditions.
Bicycle Carbon Wheel Market, Segmentation by End-User
The market is segmented by End-User into Professional and Amateur cyclists. The professional segment is dominated by competitive athletes and teams that demand the highest performance, while the amateur segment is growing due to the increasing popularity of cycling as a recreational activity.
Professional
Professional cyclists demand the best performance in terms of aerodynamics, strength, and weight. The market for professional-grade carbon wheels is driven by competitive events such as the Tour de France and Olympic cycling competitions, where every second and gram counts.
Amateur
Amateur cyclists are increasingly adopting high-performance bicycle wheels as cycling grows in popularity as a recreational activity. The demand for carbon wheels in this segment is driven by the increasing availability of affordable and high-quality options designed for weekend rides and fitness enthusiasts.
Bicycle Carbon Wheel Market, Segmentation by Application
The market is segmented by Application into Road & Track, Mountain, Cross-Country, Gravel, Cyclocross, and Time Trial & Triathlon. Different applications require specialized wheel types based on the terrain, speed, and performance demands.
Road & Track
Road and track cycling requires carbon wheels that are lightweight, aerodynamic, and offer high stiffness for optimal performance. These wheels are often used by professional and competitive cyclists to achieve the best speed and control on smooth surfaces.
Mountain
Mountain biking demands wheels that are strong, durable, and capable of withstanding rough terrain and impacts. Carbon wheels are favored for their lightweight properties, which help with maneuverability and control in challenging environments.
Cross-Country
Cross-country cycling requires wheels that provide a balance of strength and weight. Carbon wheels for this application offer shock absorption and durability while maintaining low weight for improved climbing performance.
Gravel
Gravel cycling requires wheels that can handle rough, uneven surfaces while offering comfort and stability. Carbon wheels are becoming increasingly popular in this segment due to their reduced weight and improved vibration dampening.
Cyclocross
Cyclocross racing demands wheels that can withstand a combination of rough terrain, obstacles, and intense conditions. Carbon wheels are used in cyclocross to provide stability, strength, and lightweight performance to help cyclists navigate obstacles more effectively.
Time Trial & Triathlon
Time trials and triathlons require carbon wheels that maximize aerodynamics and speed. These wheels are specifically designed for high-speed performance and are often deeper and more aerodynamic than other types to reduce drag and enhance overall efficiency during races.
Bicycle Carbon Wheel Market, Segmentation by Sales Channel
The market is segmented by Sales Channel into OEM and Aftermarket. The OEM segment dominates the market due to the increasing demand for carbon wheels as original equipment in high-end bicycles. However, the aftermarket segment is growing as cyclists seek to upgrade their existing bikes with high-performance wheels.
OEM
OEM sales refer to the supply of carbon wheels as part of a new bicycle. This segment dominates the market as more high-performance bicycles incorporate carbon wheels as standard equipment, particularly in professional-grade and competitive bicycles.
Aftermarket
Aftermarket sales are growing as more cyclists look to upgrade their existing bicycles. The availability of high-quality carbon wheels in the aftermarket segment is attracting amateur cyclists and enthusiasts who want to enhance their bike's performance without purchasing an entirely new bike.
Bicycle Carbon Wheel Market, Segmentation by Geography
In this report, the Bicycle Carbon Wheel Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market is experiencing varied growth dynamics across these regions, driven by factors such as cycling popularity, technological advancements, and consumer demand for high-performance products.
Regions and Countries Analyzed in this Report
North America
North America is the leading region in the bicycle carbon wheel market, driven by the increasing demand for high-performance bicycles in the U.S. and Canada. The growing interest in competitive cycling, particularly in road racing and triathlons, is boosting the demand for advanced carbon wheels.
Europe
Europe’s market is growing, particularly in countries like Germany, France, and the UK, where cycling is both a competitive sport and a popular recreational activity. The demand for high-quality carbon wheels is increasing in both professional and amateur segments, driven by innovations in wheel design and technology.
Asia Pacific
Asia Pacific is the fastest-growing region, with countries like China, Japan, and India leading the market. The rise of cycling as a competitive sport and recreational activity is driving the demand for advanced bicycle components, including carbon wheels. The region is also witnessing increasing adoption of high-performance cycling gear among amateur cyclists.
Middle East & Africa
The Middle East & Africa region is expanding, with demand for high-performance cycling products growing in countries like South Africa and the UAE. The growing interest in cycling sports and fitness activities is contributing to the market’s growth.
Latin America
Latin America’s market is witnessing steady growth, particularly in Brazil and Mexico, where cycling is becoming increasingly popular. The demand for carbon wheels in the region is rising as more cyclists seek lightweight and durable solutions for road and mountain biking.
Bicycle Carbon Wheel Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Bicycle Carbon Wheel Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing cycling interest boosts carbon wheel demand
- Enthusiasts prefer carbon wheels for better performance
- Carbon wheels are lighter, enhancing bike efficiency
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Professional cycling events promote carbon wheel benefits - Professional cycling events play a crucial role in promoting the benefits of carbon wheels by showcasing their superior performance characteristics. Carbon wheels are known for their lightweight construction, which enhances aerodynamics and reduces rolling resistance, allowing cyclists to achieve higher speeds with less effort. During competitive races, professional riders rely on these advantages to gain a strategic edge, making carbon wheels a desirable choice for both elite athletes and amateur enthusiasts. The exposure these wheels receive in televised and widely followed events reinforces their reputation as a premium cycling component.
Another key driver is the endorsement and sponsorship of top professional cycling teams by leading carbon wheel manufacturers. Companies like Zipp, ENVE, and Shimano invest heavily in sponsorships, ensuring that their products are used by the world's best riders in prestigious races such as the Tour de France and Giro d'Italia. As a result, spectators and cycling fans witness firsthand how these wheels contribute to performance, durability, and handling in demanding conditions. This exposure creates aspirational value, encouraging amateur cyclists to invest in similar technology to enhance their riding experience.
Additionally, professional cycling events provide real-world testing grounds for carbon wheel innovations, further validating their benefits. Engineers and manufacturers gather valuable data from race conditions, refining designs for improved aerodynamics, braking performance, and structural integrity. The success of carbon wheels in professional competitions translates into increased consumer trust, as riders seek products that have been proven in high-stakes environments. This cycle of innovation, validation, and consumer adoption strengthens the market for carbon wheels and reinforces their status as a must-have for performance-driven cyclists.
Restraints:
- Limited carbon fiber availability slows production
- Safety concerns about carbon wheel failures
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Lack of awareness about carbon wheel benefits - Lack of awareness about the benefits of carbon wheels is a significant restraint in their widespread adoption, particularly among casual cyclists and budget-conscious consumers. Many cyclists, especially those new to the sport, are unfamiliar with the advantages carbon wheels offer, such as improved aerodynamics, reduced weight, and enhanced ride quality. Without sufficient knowledge, potential buyers may perceive carbon wheels as just an expensive upgrade rather than a performance-enhancing component. This lack of awareness leads many to stick with traditional aluminum wheels, missing out on the efficiency and speed benefits that carbon technology provides.
Additionally, the high initial cost of carbon wheels can further discourage potential users who do not fully understand their long-term value. Unlike professional cyclists who recognize the performance gains, general consumers might not be aware that carbon wheels can improve acceleration, climbing ability, and shock absorption, making them a worthwhile investment for serious riders. The absence of targeted educational campaigns from manufacturers and retailers means that many customers do not receive adequate information about the durability and technological advancements of modern carbon wheels. Without proper marketing efforts and demonstrations, skepticism about their real-world benefits continues to hinder their market penetration.
To overcome this restraint, awareness campaigns, product demonstrations, and clear comparative analyses between carbon and aluminum wheels are essential. Bicycle brands and retailers should invest in consumer education through workshops, online content, and test ride opportunities to showcase the tangible advantages of carbon wheels. By addressing misconceptions and highlighting real-world performance improvements, manufacturers can bridge the knowledge gap and encourage more cyclists to consider carbon wheels as a valuable upgrade rather than an unnecessary luxury.
Opportunities:
- Partnerships with cycling events boost brand visibility
- Smart technology integration enhances functionality
- E-commerce channels broaden market access
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Sustainable manufacturing appeals to eco-conscious consumers -Sustainable manufacturing presents a significant opportunity for businesses by appealing to the growing segment of eco-conscious consumers. With increasing awareness of environmental issues such as climate change, pollution, and resource depletion, consumers are actively seeking products and brands that align with their values. Companies that adopt sustainable practices—such as using recycled materials, reducing waste, and lowering carbon emissions—can differentiate themselves in the market. By doing so, they can build a loyal customer base, enhance their brand reputation, and increase demand for their products.
Moreover, governments and regulatory bodies worldwide are implementing stricter environmental policies, incentivizing businesses to adopt greener practices. Companies that proactively integrate sustainability into their manufacturing processes can benefit from tax credits, subsidies, and certifications that appeal to conscious consumers. Additionally, sustainable manufacturing often leads to operational efficiencies, such as energy savings and reduced material costs, making it a financially viable strategy. These advantages not only help businesses meet consumer expectations but also position them as industry leaders in sustainability.
Furthermore, sustainable manufacturing enhances long-term business resilience. As more consumers prioritize sustainability in their purchasing decisions, companies that fail to adapt risk losing market share to competitors embracing eco-friendly practices. Businesses that incorporate sustainability into their core operations can future-proof themselves against shifting market demands and regulatory changes. Additionally, by fostering innovation in sustainable product design and supply chain management, companies can create new revenue streams, attract environmentally conscious investors, and secure a competitive edge in an evolving global market.
Bicycle Carbon Wheel Market Competitive Landscape Analysis
Bicycle Carbon Wheel Market is defined by competition among bicycle component manufacturers, carbon fiber suppliers, and regional distributors. Companies adopt strategies such as mergers, partnerships, and collaboration to enhance product performance, weight reduction, and aerodynamics. With nearly 60% of share concentrated among leading players, continuous innovation in carbon composites, rim design, and wheel stiffness drives steady growth across professional cycling, sports, and recreational segments.
Market Structure and Concentration
The industry demonstrates moderate concentration, with about 55% of revenues controlled by multinational bicycle component and carbon fiber firms. Regional producers contribute to expansion through cost-effective designs and customized solutions. This combination of consolidated leadership and fragmented innovation shapes competitive strategies, ensuring consistent growth in high-performance bicycle wheel applications.
Brand and Channel Strategies
Leading firms strengthen their brands through partnerships with bicycle manufacturers, collaborations with distributors, and direct sales to professional teams and retail stores. Nearly 60% of adoption occurs via specialty bicycle shops, while online platforms and sporting goods retailers support channel expansion. Effective strategies emphasize lightweight design, durability, and aerodynamic efficiency, reinforcing sustainable growth in carbon wheel solutions.
Innovation Drivers and Technological Advancements
Ongoing innovation focuses on advanced carbon fiber composites, aerodynamic rim profiles, and tubeless-compatible designs. Around 45% of R&D investments target technological advancements that improve stiffness-to-weight ratio, braking performance, and ride quality. Strategic collaboration between manufacturers and professional cyclists drives strategies, enabling measurable growth in the carbon wheel market.
Regional Momentum and Expansion
North America accounts for nearly 40% of demand, driven by professional cycling and high-end recreational adoption. Europe demonstrates steady growth with strong cycling culture, while Asia-Pacific shows rapid expansion surpassing 25% due to rising cycling participation and urban mobility initiatives. Regional strategies enhance market penetration and strengthen competitive positioning.
Future Outlook
The market is projected to sustain robust growth as demand for lightweight, high-performance, and durable bicycle components rises. Stronger partnerships and mergers will reshape competitive dynamics, while continuous innovation ensures improved aerodynamics, stiffness, and efficiency. The future outlook highlights broad expansion supported by professional sports growth, recreational cycling trends, and technological advancements.
Key players in Bicycle Carbon Wheel Market include:
- Zipp Speed Weaponry
- ENVE Composites
- Reynolds Cycling
- DT Swiss
- Mavic
- Roval Components
- Campagnolo
- Bontrager
- Easton Cycling
- Carbon Revolution Ltd.
- Dymag Group Ltd.
- Fulerum Wheels
- Corima
- HED Cycling Products
- NoTubes
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Material
- Market Snapshot, By End-User
- Market Snapshot, By Application
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Bicycle Carbon Wheel Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Growing cycling interest boosts carbon wheel demand
- Enthusiasts prefer carbon wheels for better performance
- Carbon wheels are lighter, enhancing bike efficiency
- Professional cycling events promote carbon wheel benefits
- Restraints
- Limited carbon fiber availability slows production
- Safety concerns about carbon wheel failures
- Lack of awareness about carbon wheel benefits
- Opportunities
- Partnerships with cycling events boost brand visibility
- Smart technology integration enhances functionality
- E-commerce channels broaden market access
- Sustainable manufacturing appeals to eco-conscious consumers
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Bicycle Carbon Wheel Market, By Type, 2021 - 2031 (USD Million)
- 81mm
- 59mm
- 49mm
- 38mm Carbon Wheel
- Tubular
- Clincher
- Tubeless
- Bicycle Carbon Wheel Market, By Material, 2021 - 2031 (USD Million)
- Uni-Directional
- Woven
- Multi-Directional
- Bicycle Carbon Wheel Market, By End-User, 2021 - 2031 (USD Million)
- Professional
- Amateur
- Bicycle Carbon Wheel Market, By Application, 2021 - 2031 (USD Million)
- Road & Track
- Mountain
- Cross-Country
- Gravel
- Cyclocross
- Time Trial & Triathlon
- Bicycle Carbon Wheel Market, By Sales Channel, 2021 - 2031 (USD Million)
- OEM
- Aftermarket
- Bicycle Carbon Wheel Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Bicycle Carbon Wheel Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Zipp Speed Weaponry
- ENVE Composites
- Reynolds Cycling
- DT Swiss
- Mavic
- Roval Components
- Campagnolo
- Bontrager
- Easton Cycling
- Carbon Revolution Ltd.
- Dymag Group Ltd.
- Fulerum Wheels
- Corima
- HED Cycling Products
- NoTubes
- Company Profiles
- Analyst Views
- Future Outlook of the Market

