Mountain Bike Market Emerging Trends, Strong Application Scope, Size, Status, Analysis and Forecast
According to the new market research "Mountain Bike Market [By Type (Cross Country Mountain Bike, Downhill Mountain Bike, Freeride Mountain Bike, Dirt Jumping Mountain Bike, Others); By Distribution Channel (Specialty Bicycle Retailers, Mass Merchants, Full-Line Sporting Goods Store, Outdoor Specialty Store, and Others); By Region]: Market Size & Forecast, 2018 – 2026", The Mountain Bike market is expected to reach USD 3,585 million by 2026 from USD 1,502 million in 2017, at a CAGR of 10.3%.
Mountain bikes are bicycles designed for off-roading and high-performance cycling. Mountain bikes are manufactured to endure rough terrains and mountainous regions while offering high durability and performance. Mountain bikes are categorized into cross country mountain bikes, downhill mountain bikes, freeride mountain bikes, and dirt jumping bikes among others.
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Major Manufacture In Global Market:-
Trek Bicycle Corporation
Cannondale Bicycle Corporation
Diamondback Bicycles
XDS Bikes
Scott Sports SA
Giant Manufacturing Co. Ltd.
Pivot Cycles
Trinx Bikes
Xidesheng Bicycle Company
Rocky Mountain Bicycles.
The demand for mountain bikes has increased over the years owing to increasing demand for electric mountain bikes, and growing environmental concerns. The demand for sports and adventure activities has significantly increased the adoption of mountain bikes. The increasing initiatives from governments and private organizations to promote sports activities and support the participation of women in adventure activities further supports market growth. Growing demand from emerging economies, increasing tourism activities, and technological advancements are expected to provide numerous growth opportunities in the coming years.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Mountain Bike Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing tourism industry, and growing trend of adventure sports in this region. The high purchasing power of consumers, and technological advancements drive the market growth in the region.
Competitive Landscape
The global Mountain Bike market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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