Press release
Mountain Bike Market 2018 Key Country Analysis: Global Key Players Cannondale Bicycle, Giant Manufacturing, Pivot Cycles, Scott Sports, Trek Bicycle Trinx Bikes, XDS Bikes, Xidesheng bicycle, CUBE Bikes, And Diamondback Bicycles
Mountain Bike Market Share, Growth, Trends, and Key Country Analysis Research Report 2018: Global Forecast to 2023, Global Mountain Bike Market will Register highest growth through 2023. Report provides in-depth analysis of Mountain Bike Industry 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).Top Mountain Bike Manufacturers Competitive Landscape:
The key players in Mountain Bike market 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.). Mountain Bike market is volatile and highly competitive with the presence of some well-established vendors.
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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Mountain Bike market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
Market Overview:
A mountain bike or a mountain bicycle is primarily a bicycle, which is designed for activities such as off-roading and high-performance cycling. The mountain bikes are designed to be extremely durable and can perform with enhanced durability in rough terrains and mountainous regions. Mountain bikes generally include a set of suspension system either on the front and the rear end, or only the front end, or without a suspension system. Suspension ensures riding comfort by absorbing majority shocks. Thus, the bike rider fatigue is reduced drastically since majority shocks from the bike chassis are not transferred. The suspension system has to be made from durable and high-quality material, which is capable of withstanding high amount of repetitive actions and severe shocks & loads. The suspension should also withstand force, which is not exerted always in a linear fashion along the line of the suspension axis. A set of gears having a low gear ratio for ascending steep inclines, a high gear ratio for descending steep terrains, and a set of large, bulky & corrugated tires are some of the highlighting features of these bikes. These bikes most often use a set of disc brakes installed at both the wheels. These brakes are more powerful, providing instant braking action as and when needed, which is very essential especially in the off-road conditions. The disc brakes provide a braking action, which is much more efficient than the conventional clamp brakes attached at both the bicycle wheels.
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).
Segmentation:
The Global Mountain Bike Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Downhill Bikes, Freeride Bikes and Dirt Jumping Bikes
Segmentation by Application: Comprises Racing and Amateurish
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America region is expected to dominate the global mountain bike market primarily due to countries such as U.S. and Canada. These countries have some mountain bike competition operators who offer a variety of mountain biking activities such as cross-country, freeride, dirt jumping and downhill. The ski resort operators who provide different activities in the winter season also offer trails for carrying out mountain biking in summers. The U.S. government encourages physical activities for increasing the endurance and the well-being of its citizens. In this context, the mountain biking activities have been increasing at rapid pace.
List of Tables:
Table 1 Mountain Bike Market: By Region, 2017-2023
Table 2 North America Mountain Bike Market: By Country, 2017-2023
Table 3 Europe Mountain Bike Market: By Country, 2017-2023
Table 4 Asia Pacific Mountain Bike Market: By Country, 2017-2023
Table 5 RoW Mountain Bike Market: By Country, 2017-2023
Table 6 Mountain Bike Market, By Body Type, By Regions, 2017-2023
Table 7 North America Mountain Bike Market, By Body Type, By Country, 2017-2023
Table 8 Europe Mountain Bike Market, By Body Type, By Country, 2017-2023
Table 9 Asia Pacific Mountain Bike Market By Body Type, By Country, 2017-2023
Table 10 RoW Mountain Bike Market By Body Type, By Country, 2017-2023
Continued…
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List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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