Global mountain bike market is estimated to reach USD 3,585 million by 2026, growing at a CAGR of 10.3% during the forecast period, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
Mountain bikes are high-performance bicycles designed specifically for engaging in activities like off-road biking. They are manufactured to endure rough, mountainous terrain all whilst offering high durability and performance. The report provides a detailed overview of the types of mountain bikes including downhill mountain bikes, cross country mountain bikes, dirt jumping bikes, and freeride mountain bikes.
The report cites growing demand for electric mountain bikes and increasing environmental concerns to be one of the major growth drivers fueling global mountain bikes industry demand. Moreover, rising popularity of sports and other recreational activities has led to increased adoption of mountain bikes in recent years. The rising initiatives backed by private bodies as well as government organizations to promote sports activities as well as increasing support offered for female participation will further drive the industry growth.
Furthermore, factors like growing product demand across developing economies, increasing tourism, and rising technological advancements will provide significant impetus as well as numerous growth opportunities to the mountain bike market in the coming years.
The study segments North America mountain bike market into U.S., Canada, and Mexico, providing a detailed analysis of the growth trends prevalent in these countries. In 2017, the region generated the highest revenue on account of proliferating tourism industry and growing trend of adventure sports. High consumer spending and technological advancements will further drive regional market outlook.
Presence of well-diversified international, small and medium-sized vendors characterizes the global mountain bike market. Leading brands in the industry include Trek Bicycle Corp., Cannondale Bicycle Corp., XDS Bikes, Diamondback Bicycles, Scott Sports SA, Giant Manufacturing Co. Ltd., Trinx Bikes, Pivot Cycles, Xidesheng Bicycle Co., and Rocky Mountain Bicycles.
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These brands are consistently launching new products to improve market offering. Moreover, with technological advancements, companies are launching innovate and customized products to cater growing customer demands. The leading brands are also indulging in M&As in a bid to enhance product offering and further expand market reach. Acquisitions also enable key players to enhance market potential in terms of geographic and customer base.
The company profiles of key players are summarized in the report along with their product benchmarking, business overview, financials, and recent developments. The report offers an overview of mountain bike market with respect to Porter’s five forces, industry trends, market forces, ecosystem analysis, competitive ranking analysis, and PEST analysis.
It also offers an extensive quantitative and qualitative analysis of the market trends and growth prospects of the global mountain bike market between 2017-2026.