Mountain Bike Market to grow at 10% compound annual growth rate from year 2018 to 2023, according to “Global Mountain Bike Market Size, Share, Trends, Growth Analysis and Regional Forecast Industry Report” published by Market Research Future|Mountain Bike Industry
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This report comprises comprehensive information on Mountain Bike Market Forecast data up to 2023, with historic and current market information. Mountain Bike Industry analysis done By Type (Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, Dirt Jumping Bikes), Application (Racing, Leisure), and Region (North America, Europe, APAC, RoW).
Global Mountain Bike Market Highlights:
There are several factors responsible for the growth of mountain bike market over time in the global scenario. Firstly, the increase in accidents during bike riding competitions has pushed the bicycle manufacturers to produce more durable and sturdy bikes. Secondly, the economic development of the country is sped up due to the mountain biking competitions, which lead to the growth of the mountain biking tourism. Thirdly, the importance & awareness of fitness related activities has led people to pursue endurance sports. Fourthly, bicycle manufacturers are trying to offer a variety of products to increase their product sales by increasing the popularity of the bicycles.
Another driving force for the market growth is improving economic conditions worldwide which are improving consumers’ purchasing power, enhancing the quality of life. Also, the mountain biking competitions support the economic development of a country organizing them, leading to the growth of the mountain biking tourism.
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Mountain Bike Market Key Companies Studied in this report are: Cannondale Bicycle Corporation (U.S.), Giant Manufacturing Co. Ltd. (Taiwan), Pivot Cycles (U.S.), Scott Sports SA (Switzerland), Trek Bicycle Corporation (U.S.) and Trinx Bikes (Taiwan). XDS Bikes (Australia), Xidesheng bicycle company (China), CUBE Bikes (China) and Diamondback Bicycles (U.S.) are among others.
Acknowledging the growing popularity of the sport which is escalating the mountain bike market to garner huge accruals, Market Research Future (MRFR) in its recently published study report asserts that the global mountain bike market will garner an exponential value by 2023 registering approx. 10% CAGR between 2017 and 2023. Rising awareness among people towards the benefits of fitness related activities is leading people to pursue endurance sports which in turn, is fostering the market growth of mountain bikes at a great deal.
Market Segments Analysis:
The global mountain bike market is segmented into three key dynamics for an easy grasp and enhanced understanding.
By Types: Comprises – Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Free-ride Bikes, and Dirt Jumping Bikes among others.
By Applications/ Usages: Racing, and Leisure among others.
By Regions: On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America region is expected to dominate the global mountain bike market primarily due to countries such as U.S. and Canada. These countries have some mountain bike competition operators who offer a variety of mountain biking activities such as cross-country, freeride, dirt jumping and downhill. The ski resort operators who provide different activities in the winter season also offer trails for carrying out mountain biking in summers. The U.S. government encourages physical activities for increasing the endurance and the well-being of its citizens. In this context, the mountain biking activities have been increasing at rapid pace.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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