Global Mountain Bike Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Mountain Bike Industry Key Players Analyzed in Report Are:
The key players in mountain bike market are The Cannondale Bicycle Corporation (U.S.), Giant Manufacturing Co. Ltd. (Taiwan), Pivot Cycles (U.S.), Scott Sports SA (Switzerland), Trek Bicycle Corporation (U.S.) and Trinx Bikes (Taiwan). XDS Bikes (Australia), Xidesheng bicycle company (China), CUBE Bikes (China) and Diamondback Bicycles (U.S.) are among others.
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Mountain Bike Market Highlights:
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).
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.
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.
List of Tables:
TABLE 1 GLOBAL MOUNTAIN BIKE MARKET, BY TECHNOLOGY
TABLE 2 GLOBAL MOUNTAIN BIKE MARKET, BY CHANNEL TYPE
TABLE 3 GLOBAL MOUNTAIN BIKE MARKET, BY VEHICLE TYPETABLE 4 GLOBAL MOUNTAIN BIKE MARKET, BY REGIONS
TABLE 5 NORTH AMERICA MOUNTAIN BIKE MARKET, BY TECHNOLOGY
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL MOUNTAIN BIKE MARKET: BY TECHNOLOGY (%)
FIGURE 3 GLOBAL MOUNTAIN BIKE MARKET: BY CHANNEL TYPE (%)
FIGURE 4 GLOBAL MOUNTAIN BIKE MARKET: BY END MARKET (%)
FIGURE 5 GLOBAL MOUNTAIN BIKE MARKET: BY REGION
Continued…
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