The global mountain bike market is garnering significant traction. Mountain bikes (MBTs) are primarily designed for off-road activities and power sports/adventure sports. These are extremely durable and can perform with enhanced durability in rough terrains and mountainous regions. MBTs are capable of withstanding a high amount of repetitive actions and severe shocks & loads.
The measurable durability and
sturdiness of these bikes increase their uptake. Besides, rapid economic growth
pushes the growth of the market, increasing consumer purchasing power.
According to Market Research Future (MRFR), the global mountain bike market is
expected to grow feverishly.
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The importance and awareness of
the benefits of biking activities are major factors bolstering the market growth,
encouraging people to pursue endurance sports. Additionally, increasing numbers
of athletes & sportsmen and adventure sports associations boost the
mountain bike market size. Technological development worldwide escalates the
mountain bike market shares to further heights.
The cross-country bike segment
holds the largest market share due to its vast popularity. Also, extensive
uptake for longer riding durations in the vast forests and natural riding
trails increases the market sales. All-mountain bikes are extremely durable to
sustain the constant forces, specifically through the mountainous terrain and
rough land patches.
Global Mountain Bike Market - Segments
The market forecast is segmented
into types, applications, and regions. Further, the type segment is bifurcated
into all mountain bikes, cross country bikes, downhill bikes, dirt jumping
bikes, freeride bikes, and others. The application segment is bifurcated into
racing, leisure, and others.
Global Mountain Bike Market - Regional Analysis
North America dominates the
global mountain bike market, heading with the vast popularity of adventure
sports in the region. Besides, the presence of various key manufacturers and
increasing mountain biking sports, especially in the US, drive the market growth.
Growing demand for low operating costs and the rapid adoption of mountain bikes
substantiate the market size.
Global Mountain Bike Market - Competitive Landscape
Highly competitive, the mountain
bike market appears to be well-established due to the presence of several
notable players. These players strive to gain a larger competitive advantage
through mergers & acquisitions, strategic partnership & collaboration,
expansion, and product/technology launches. Heavy investments are made to drive
R&D activities and expansion plans. Key players focus on product innovation
and new manufacturing processes, intensifying the market competition
further.
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Major
Players:
Players leading the global
mountain bike market include Giant Manufacturing Co. Ltd. (Taiwan), The
Cannondale Bicycle Corporation (US), Pivot Cycles (US), Trek Bicycle
Corporation (US), Scott Sports SA (Switzerland), Trinx Bikes (Taiwan),
Xidesheng bicycle company (China), XDS Bikes (Australia), CUBE Bikes (China),
and Diamondback Bicycles (US), among others.
Industry/
Innovation/ Related News
SEP. 28,
2021-- Guerilla Gravity, a leading manufacturer of
highly-refined mountain bikes, announced its USA-made pedal head steel hardtail
MTB frame upgrade. These mountain bike frames have all the awesome features
with a smaller environmental footprint. The Colorado-based setup allows the
bike maker to design and build MTBs locally, closely linking the
design and manufacturing process, maintaining quality control, and provide
riders extensive customization options.
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