Mountain Bike Market: 2018 Share, Size Analysis, Regional Review, Competitive Landscape With Forecast To 2023

Mountain Bike Market to grow at CAGR of 10% within forecast period of 2018 to 2023. This Global Mountain Bike Market growth is attributed to Growing popularity of adventure sports and concurrent growth, Technological advancements in materials and design, mountain bike races such as FMB World Tour and the Red Bull Rampage are chief drivers of the market. This 100 pages study reviews Mountain Bike Market By Type (Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, Dirt Jumping Bikes), Application (Racing, Leisure), and Region (North America, Europe, APAC, RoW).

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Market Scenario:

The Mountain Bike is the use of lights inside a vehicle for supporting visibility inside the automotive, particularly at times of darkness. The ambient lighting guarantees that the interior is comparatively more aesthetic and the in-cabin of automotive seems to be more spacious with the use of interior ambient lighting. The lightings are used extensively as a measure for driver safety as it ensures greater visibility of dashboard, and is extensively used by manufacturers of four wheelers for differentiating their product.  The demand for interior lighting from automotive industry is also increasing significantly owing to factors such as growth in the sales on new automotive, introduction of strict government regulations for ensuring the driver’s safety and technological advancements in the manufacturing of interior ambient lighting.

Major Players Analyzed In Study Are: 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.).

Market Research Analysis:

Mountain bike is a bicycle designed for off-road cycling incorporating features which enhance durability and performance in rough terrain. Mountain bike differ from mainstream bikes in front or full suspension, durable wheels with larger tires, powerful brakes, and lower gear ratios designed for steep terrain. The global mountain bike market is expected to generate a ~10% CAGR during the forecast period.

The global bicycle riding community is increasing at a rapid pace. In earlier times, the bicycle was looked at as a mere means to commute. The bicycle was especially favorite amongst people with lower socio economic backgrounds. The one thing that set apart the bicycles from the rest of the means of commute was that it was the cheapest, the most reliable, required little or no maintenance and could be passed on from generations together without the need to upgrade. High costs and high maintenance coupled with increasing weight of the bikes due to technical enhancements such as suspensions and discs are hampering the market. Large market fragmentation and poor per capita income are other constraints on the market.

Regional Analysis:

The global mountain bike market is seeing an explosive growth due to the gradual but consistent interest of the global community in fitness related activities. The North America region is the largest market for mountain bikes in the world. The primary reason for this is the presence of large open spaces and mountain ranges in the North America continent. Canada has a huge number of mountain bike operators who provide various type of mountain bike expeditions like cross country, dirt biking, downhill, free style etc.

The U.S. on the other hand is home to few of the most exotic mountain ranges and is also blessed with suitable and reliable weather in many parts namely Arizona, California, Texas amongst others. The Asia Pacific region is mainly tropical and is home to almost the world’s half population. Owing to average per capita income, the people here prefer cheap means of exercise, thus explaining the popularity of mountain bikes. The Europe region is home to few of the wealthiest countries in the world and has a strong economy in general. Thus, the population in this region has sufficient resources to avail leisure activities involving physical exertion and recreation. All these factors, thus make the mountain bike market, an attractive proposition, which is expected to grow at a consistent rate.

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