A mountain bike/mountain bicycle is primarily a bicycle designed for activities such as off-roading and high-performance cycling. Market Research Future (MRFR) has published a research report about the global mountain bike market that forecasts expansion for this market at 10% CAGR (Compound Annual Growth Rate) between 2020 and 2027.
The pivotal factor increasing the mountain bike market growth is the increase in accidents during bike riding competitions because of which bicycle manufacturers are producing more durable and sturdy bikes. The second most important factor is the growing economy due to the growth in tourism originating from the craze for mountain bikes. The third factor is the importance and awareness of fitness related activities. The last factor is attempts by bicycle manufacturers to offer a variety of products in order to increase their product sales for which, they are popularizing mountain bikes.
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The global mountain bike market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation segments this market into racing bikes and leisure bikes.
By type, the market has been segmented into all mountain bikes, cross country bikes, dirt jumping bikes, downhill bikes, freeride bikes, and others. All mountain bikes are built to be ridden specifically not just through the mountainous terrain, but also through all rough patches of land. Being the most popular type, cross country bikes are useful for riding through the vast forests and other nature trails. True to their name, dirt jumping bikes require the rider to jump off from one mound of sand to other while covering long distances. Downhill bikes are used for riding through the downhill trails that are usually in a straight line in the mountain terrain.
The regional segmentation of the global mountain bike market can segment the market into the regional markets known as North America, Asia Pacific, Europe, and the rest of the world (RoW). North America has been estimated to hold the lion's share in the global market during the forecast period due to high revenue coming from USA and Canada. Both of these countries have some mountain bike competition operators who offer a variety of mountain biking activities such as cross-country, dirt jumping, downhill, and freeride. The ski resort operators are providing different activities in the winter season also offer activities related to mountain biking in summers. The US government also encourages physical activities for increasing the fitness level and the well-being of its citizens. Many key market players are based in North America.
In the Asia Pacific region, mountain biking competitions are not as popular as they are in North America. However, Asia Pacific can still emerge as an important regional market because there are many hilly areas in this region and there can be demand for mountain bikes. In this region, the important country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
In Europe, the market is not as big as North America, but it can grow because, in some mountain regions, activities related to mountain biking does happen. Some important market players are based in Europe too. The crucial country-specific markets in this region are France, Germany, Italy, and the UK, followed by the remaining countries of Europe.
Key Players
The key players in the global mountain bike market include Cannondale Bicycle Corporation (USA), Cube Bikes (China), Diamondback Bicycles (USA), Giant Manufacturing Co. Ltd. (Taiwan), Pivot Cycles (USA), Scott Sports SA (Switzerland), Trek Bicycle Corporation (USA), Trinx Bikes (Taiwan), XDS Bikes (Australia), and Xidesheng bicycle company (China).
Latest Industry News
· Mountain bike manufacturer Marin has launched a new model called Marin Mount Vision Pro has been launched. 6 MAR 2019
· DirtySixer has manufactured a custom 36"-wheeled mountain bike for NBA Star LeBron James. 1 MAR 2019
· Italian brand Pirelli, known for making tires for car, motorcycle, and road bike has forayed into the business of making new tires for mountain bike by launching a complete line of dirt tires. 1 MAR 2019
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Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2027?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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