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 Market Size is
expected to reach a CAGR of 10 % and a good market value by 2023-2030 during
the forecast period.
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.
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.
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Market
Mountain Bike Market 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.
Mountain Bike Market 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)
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.
Mountain Bike 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.
Mountain Bike Market 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.
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