Mountain Bike Industry Key Companies Analyzed In Report Are:
Cannondale, Giant Mountain Bikes, Accell Group, Merida, Moustache Bikes, Tianjin Fuji-ta Group Co., Ltd, Avon Cycles, Trek Mountain Bike Corporation, Derby Cycle, F.I.V.E. Bianchi SpA, Hero Cycles Limited, Tube Investments of India Limited, Easy Motion USA, specialized Mountain Bike Components and NYCeWheels Inc.
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Mountain Bike Market Overview:
There are several factors responsible for the growth of mountain bike market over time in the global scenario. Firstly, the increase in accidents during bike riding competitions has pushed the bicycle manufacturers to produce more durable and sturdy bikes. Secondly, the economic development of the country is sped up due to the mountain biking competitions, which lead to the growth of the mountain biking tourism. Thirdly, the importance & awareness of fitness related activities has led people to pursue endurance sports. Fourthly, bicycle manufacturers are trying to offer a variety of products to increase their product sales by increasing the popularity of the bicycles. All these factors will lead to the growth of the global mountain bike market, which is expected to expand at ~10% CAGR (2018 to 2023).
Evidently, efforts of the fervent manufacturers are the main driving force supporting the flourishing market growth. These manufacturers invest heavily into R&D activities to design new bikes as well as to develop new technologies. This, in turn, pays off well, bringing about novelties in the product and making the bikes further better. Consumers always like to buy bettered versions of bikes. Resultantly, the market size increases constantly.
Another driving force for the market growth is improving economic conditions worldwide which are improving consumers’ purchasing power, enhancing the quality of life. Also, the mountain biking competitions support the economic development of a country organizing them, leading to the growth of the mountain biking tourism.
The Global Mountain Bike market is well-established space witnessing a number of innovations. The market is competitive yet fragmented. The competition in the market is expected to intensify further during the review period. The Key players operating in this market emphasis upon the product innovation and new manufacturing processes which in turn, is anticipated to fuel the already intensified competition during the forecast period. Mountain Bike market demonstrates high growth prospect which is turn, is attracting several new entrants to the market which is apparently anticipated to intensify the market competition.
The global mountain bike market is segmented into three key dynamics for an easy grasp and enhanced understanding.
By Types: Comprises – Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Free-ride Bikes, and Dirt Jumping Bikes among others.
By Applications/ Usages: Racing, and Leisure among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Detailed Regional Analysis:
North-America dominates the global mountain bike market with the largest market share due to the popular trend of active and action sports along with the presence of sport enthusiasts and mountaineers. Favourable tax credit frame implemented in the US especially, provides impetus to the market growth in the region.
Besides the US government encourages physical activities for increasing the endurance and the well-being of its citizens. Hence, mountain biking is considered as a legitimate sport, garnering huge popularity. Resultantly, the North-America enjoys a good amount of sales of these bikes.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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