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Mountain Bike Market 2018 Global Size, Trends, Share, And Leading Company Analysis: Cannondale Bicycle, Giant Manufacturing, Pivot Cycles, Scott Sports, Trek Bicycle, Trinx Bikes, XDS Bikes, Xidesheng bicycle, CUBE Bikes and Diamondback Bicycles
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Mountain Bike Global Market Highlights:
Mountain Bike Global Market Key Company Analyzed 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.) are among others.
The Global Mountain Bike market is well-established space witnessing several innovations. The market is competitive yet fragmented. The competition in the market is expected to intensify further during the review period. The Key players operating in this market emphasis upon the product innovation and new manufacturing processes which in turn, is anticipated to fuel the already intensified competition during the forecast period. Mountain Bike market demonstrates high growth prospect which is turn, is attracting several new entrants to the market which is apparently anticipated to intensify the market competition.
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).
Market by Segmentation:
The global mountain bike market is segmented into three key dynamics for an easy grasp and enhanced understanding.
By Types : Comprises - Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Free-ride Bikes, and Dirt Jumping Bikes among others.
By Applications/ Usages: Racing, and Leisure among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Based on type, cross country bikes are the most popular and are the most widely sold. These bikes are used for riding for longer durations through the vast forests and natural trails. These bikes aren’t built to sustain extreme heavy activities and high forces and are rather built to have a strong endurance. These bikes thus require precise control to be ridden through the long stretches of natural landscapes. All mountain bikes are built to be ridden specifically through the mountainous terrain and rough patches of land.
Market by Region:
North-America dominates the global mountain bike market with the largest market share due to the popular trend of active and action sports along with the presence of sport enthusiasts and mountaineers. Favorable tax credit frame implemented in the US especially, provides impetus to the market growth in the region.
Besides the US government encourages physical activities for increasing the endurance and the well-being of its citizens. Hence, mountain biking is considered as a legitimate sport, garnering huge popularity. Resultantly, the North-America enjoys a good amount of sales of these bikes.
Industry/innovation/Related News:
July 09, 2018 – FOX Factory, Inc. (US) announced that it is all set to launch FOX Live Valve, FOX's Live Valve automatically adjusting suspension system (electronically controlled suspension dropping) for Euro bikes by August 2018.
July 09, 2018 – Oakley Sports (US) one of the leading global manufacturers of sports products launched its new mountain bike helmet along with a small line of mountain bike apparel. There’s also a new high-tech jersey specially designed for the mountain biking.
June 09, 2018 – Focus Bikes (Germany), a bicycle manufacturer building sports bicycles such as e-bikes, racing bicycles, and mountain bicycles announced that it is all set to launch its two new e-mountain bikes in the US soon. In last September, Focus had unveiled its plan to launch these two bikes in 2018 - The full-suspension JAM² and the hardtail BOLD² are designed around Shimano’s new STePS e8000 platform to provide a natural-feeling electric assist.
Major Table Of Contents:
Table 1 Global 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 Global Mountain Bike Market, By Type, By Regions, 2017-2023
Continued...
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