Mountain Bike Market Overview 2023 - 2032
The mountain
bike market is expected to expand at a
compound annual growth rate (CAGR) of 10% between 2022 and 2030, from an
estimated USD 8.6 billion in 2022 to USD 16.9 billion by 2030. The market for
ecologically friendly automobiles. The global mtb 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 mtb
bike market and are expected to boost the growth.
Companies
in the mtb 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 mtb bike market report cover all the aspects of the industry. mtb
bike market analysts have also shared growth projections in the report and have
suggested mtb bike market players to plan growth strategies accordingly.
Mountain Bike Market Segmentation
The
global mtb bike market has been segmented based on types and applications. On
the basis of type, the market for mtb bike is segmented based on all mtb 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.
Get Free Sample Report of Mountain
Bike Market
Factors
like rise in biking tourism and support from government initiatives as a part
of green city projects support the mtb bike market growth. The performance of
the mtb bike market has also been studied for the past and current years.
Additionally, the mtb bike market report provides analysis of these segments.
The mtb bike market segmental analysis provided in the report offers major
details about the mtb bike market performance and future.
Mountain Bike 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 Mtb 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.
Key Companies in the mountain bike
market includes
- Accell Group
- Giant Manufacturing Co. Ltd
- Pivot Cycles
- Scott Sports SA
- Trinx Bikes
- XDS Bikes
- Trek Bicycle Corporation
- Diamondback Bicycles
Mountain Bike Regional Overview
Companies
in the mtb bike market are spread across the world. The mtb 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 mtb bike
market has many companies across the United States, Canada, and Mexico. Europe
has companies in the mtb bike market across Germany, France, Spain, Italy, and
the United Kingdom.
A
detailed analysis of the mtb bike market across India, China, and Japan in the
Asia-Pacific region is also presented in the report. The mtb bike market of the
Middle East, Africa, and other regions has also been studied by analysts. The
regional analysis of the mtb bike market can be found in the market research
report.
Mountain Bike Competitive Landscape
The mtb
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 mtb bike market based services and products also support the market
growth. However, the mtb 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 mtb
bike market to strengthen their
business plan and improve their product portfolio. The mtb bike market research
report also provides company profiles of major companies. The company profiles
of many organizations operating in the mtb bike market report highlights
crucial details like company size, revenue growth, and details of mergers and
acquisitions taking place in the mtb bike market. New companies and established
businesses can plan their strategies based on this data provided in the mtb
bike market research report.
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