The mountain bike market is anticipated to grow rapidly at a CAGR of 10% during the forecast period 2023 - 2030. The global mountain bike market is driven by an increase in accidents during bike riding competitions and importance & awareness of fitness related activities. These factors have helped shape the mountain bike market and are expected to boost the growth.
Companies
in the mountain bike market could also face challenges such as a weak supply
chain in terms of raw material and highly volatile pricing of materials. The
details covered in the mountain bike market report cover all the aspects of the
industry. mountain bike market analysts have also shared growth projections in
the report and have suggested mountain bike market players to plan growth
strategies accordingly.
Market Segmentation
The
global mountain bike market has been segmented based on types and applications.
On the basis of type, the market for mountain bike is segmented based on all
mountain bikes, cross country bikes, freeride bikes, downhill bikes, and dirt
jumping bikes. Additionally, the market on the basis of application, is
segmented into racing and leisure.
Factors
like rise in biking tourism and support from government initiatives as a part
of green city projects support the mountain bike market growth. The performance
of the mountain bike market has also been studied for the past and current years.
Additionally, the mountain bike market report provides analysis of these
segments. The mountain bike market segmental analysis provided in the report
offers major details about the mountain bike market performance and future.
Regional Overview
Companies
in the mountain bike market are spread across the world. The mountain bike
market report provides major information about regional markets of North
America, Europe, Asia-Pacific (APAC), and the rest of the world. The North
American mountain bike market has many companies across the United States,
Canada, and Mexico. Europe has companies in the mountain bike market across
Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of
the mountain bike market across India, China, and Japan in the Asia-Pacific
region is also presented in the report. The mountain bike market of the Middle
East, Africa, and other regions has also been studied by analysts. The regional
analysis of the mountain bike market can be found in the market research report.
Competitive Landscape
The
mountain bike market is supported by the availability of a wide range of
products and easy access to a wide selection of bikes through offline and
online distribution channels. The population growth around the world and increasing
demand of mountain bike market based services and products also support the
market growth. However, the mountain bike market growth can be affected due to
volatility in price of raw material and lack of infrastructure to support
biking activities in some regions.
The
report covers all such details which will help companies in the mountain
bike market to strengthen their
business plan and improve their product portfolio. The mountain bike market
research report also provides company profiles of major companies. The company
profiles of many organizations operating in the mountain bike market report
highlights crucial details like company size, revenue growth, and details of
mergers and acquisitions taking place in the mountain bike market. New
companies and established businesses can plan their strategies based on this
data provided in the mountain bike market research report.
Industry News
In
operation since 1983, Cycling Sport Store is one of the nation's best-known
stores with five outlets. Abell is active in business associations such as IMBA
and, since 2007, has been a member of the Mountain Bike Hall of Fame. Trek's
purchasing in Texas this year is at least the second: this fall, it purchased
Bicycles Plus in the Dallas area. Goodale's, a long-standing New Hampshire
supermarket chain of three stores, was also acquired by Trek earlier this year.
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