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.
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.
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of mountain bike market
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 - 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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