Market Overview
The mountain bike is specially used for recreation purposes. The best features of mountain bikes are highly durable transport that can survive in the toughest of terrain and mountainous surfaces. Therefore, it is mostly adopted for racing and adventurous sports. And the increased rate of bike racing sports is driving the Mountain Bike Market Size.
The mountain bike models are associated with a suspension system without a suspension system and with a set of disk brakes. It is designed to withstand severe friction when riding on steep mountain surfaces.
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The large, sturdy tires of the mountain bike are long-lasting. The rise in preference for these bikes among sports and fitness enthusiasts is fueling up the market demand. The increased popularity of bike sports and the growth of sports industries set wide growth opportunities for the sales of mountain bikes. The market size is showing exponential growth, and it is estimated to continue in the forecast period.
The rise in awareness to use eco-friendly transport mediums is a substantial reason for the growing demand for mountain bikes. Other factors like the rise in health and fitness concerns among the public are driving the governments to provide massive support to the market.
During COVID-19, the demand for the Mountain Bike Market Size increased due to the rising focus on health and remaining fit to boost immunity. This factor has propelled the growth rate of the market. Even in the post-pandemic period, the growth rate will continue significantly.
The Mountain Bike Market Size is expected to reach a CAGR of 10 % and a good market value by 2023-2030 during the forecast period.
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Market Segmentation
The Mountain Bike Market Size is classified into major segments, such as type and application. The type segment is segregated into cross country, all-mountain, downhill, freeride, and dirt jumping bikes. These bikes are famous in the North American and European continents due to the conduct of adventurous sports. These bikes are specially designed for thrilling biking sports. These factors are driving the demand of the segment at the global level. The application segment of the Mountain Bike Market Size is divided into leisure and racing.
Regional Analysis
According to regional status, the global Mountain Bike Market Size is showing its remarkable growth in major regions such as North America, the European region and Asia pacific. The presence of key industrial players in prominent countries like Canada and the US catalyses the market’s growth in the North American region. The growth of the adventure and sports industries are driving the market.
The European region is the second-largest region of the market with a good growth percentage. The increased rate of customers’ investing in sports utilities is propelling the market of this region. The other regions of the world are also showing a steady growth rate due to numerous growth opportunities.
All these regions will contribute to the growth of the global Mountain Bike Market Size during the forecast period.
Key Players
· CUBE Bikes (China)
· Cannondale Bicycle Corporation (U.S.)
· Scott Sports (Switzerland)
· Xidesheng bicycle company (China)
· Trinx Bikes (Taiwan)
· Trek Bicycle Corporation (US.)
· Giant Manufacturing Co. Ltd. (Taiwan)
· Diamondback Bicycles (US.)
Industry News
The Ducati Futa has announced the launch of the Italian motorcycle maker’s first-ever racing electric bicycle. This master move is considered as the stronger push by Ducati into the e-bike industries, which is expanding its offers with a new format of e-bike.
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