Mountain Bike Market Research Report - Global Forecast till 2023

Posted by Market Research Future on March 20th, 2020

Market Synopsis:

The unique design of mountain bike to prevent accidents while bike hiking can prompt the expansion of the mountain bike market surge. Market Research Future (MRFR), in its revised “Mountain Bike Market” report, discusses different parameters that dictates the market growth. Activities, such as high-performance cycling and off-roading are practiced highly, especially by youngsters and sports enthusiasts. Mountain bikes are characterized by high durability to sustain the rough terrains and mountain regions. The suitability of mountain bikes to support such venturesome pursuits can underpin their market surge.

The suspension system planted either on or only, on the front and the rear ends can assert riding comfort as they effectively absorb shocks. This curb a bike rider’s fatigue. The suspension system is fabricated of high-quality durable material. The availability of such materials and robust technology to design mountain bikes with suspension can drive their markets. Mountain bikes are featured with gears that control ascending steep inclines and descending steep terrains. The set of bulky, large, and corrugated tires distribute tension and abrasion on tire while riding. The set of disc brakes installed at wheels are extremely powerful and provide instant braking action. These are highly beneficial for off-road conditions and hiking with bikes. The on-going concern to curb accidents during bike ride competitions are driving reputed bicycle producers to design bikes with high durability and sturdiness. The rise in mountain biking tourism and importance of fitness can prompt the mountain bike market growth.

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Segmental Study

The mountain bike market study is based on type and application.

The type-based segments of the mountain bike market are downhill bikes, dirt jumping bikes, and freeride bikes.  High bike hiking activities can improve mountain bike sales. This can work in favor the mountain bike market.

The application-based segments of the mountain bike market are racing and amateurish. The mountain bike market can be highly benefitted by the growing pursuit of both racing and amateur bike hike.

Regional Analysis

North America region mountain bike market to dominate the global market. It is likely to be driven by the high number of bike competitions held in the US and Canada. The variety of mountain biking activities, such as freeride, cross-country, downhill, and dirt jumping are conducted in the region. In addition, seasonal offers for mountain bike hiking are high in the region. These can benefit North America mountain bike market. In the US, the government encourages activities that boost endurance and wellness of citizens. Thus, the high rate of mountain biking can register the regional mountain bike market to increase at a rapid pace.

Key Players

MRFR profiled key mountain bike market players. They are; Giant Manufacturing Co. Ltd. (Taiwan), Cannondale Bicycle Corporation (U.S.), Scott Sports SA (Switzerland), Pivot Cycles (U.S.), Trinx Bikes (Taiwan), Trek Bicycle Corporation (U.S.), Xidesheng bicycle company (China), XDS Bikes (Australia), Diamondback Bicycles (U.S.), and CUBE Bikes (China) among others. The report on the mountain bike market by MRFR comprises primary research and secondary research, along with the meticulous analysis of both qualitative and quantitative aspects. Industry experts and opinions of key leaders were included in the study to avail deeper insights of the market and its performance. Current market trends and a competitive study with historic aspects, along with emphasis on technological advancement and macro-economic factors that govern that market. The report offers information about strategies adopted by top market players and their contribution in the mountain bike industry. The report also asserts a vivid understanding of the segmental and regional aspects of the market.