Global Fat Bike Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

The global fat bike market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028). It is a bicycle that is fitted with oversized tires and is primarily used to ride off-road, particularly in snow, gravel, or sand. The major factor expected to drive the market growth is the increasing awareness about health and fitness among people, and increasing pollution and rising traffic congestion have increased the demand for eco-friendly modes of transportation. In addition, the rise in initiatives by governments, such as a dedicated lane for bikes to promote eco-friendly modes of commuting, the shift toward lightweight materials such as carbon fiber for the frame of the bike, and the trend of folding bikes are some factors that propel the growth of the global fat bike market during the forecast period.

Furthermore, with the rising interest of people in performance-based adventurous sports, key players are investing in R&D and launching innovative products such as folding bikes. These are further boosting the growth of the global fat bike market during the forecast period. Based on application, the racing segment is estimated to hold significant share in the market during the forecast period owing to the significant demand for fat bikes from extreme sports enthusiasts. Whereas, by region, North America is estimated to hold potential share in the market owing to the rising shift towards adventure sports in the region and the rise in the number of people picking cycling as a hobby.

Some major players in the market include Cycling Sports Group, LLC, Borealis Bikes Canada, and Trek Bicycle Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2020, Pivot Cycles announced the launch of its second-generation shuttle e-mountain bike. The company also added that the growing public awareness of health and recreational activities is going to be a huge market opportunity for the industry.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By Application
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Cycling Sports Group, LLC, Borealis Bikes Canada, and Trek Bicycle Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Fat Bike Market is available at:
https://orionmarketreports.com/global-fat-bike-market/109469/

Global Fat Bike Market Report by Segment
By Product Type
• Aluminum
• Carbon
• Steel

By Application
• Transportation Tools
• Racing

By Sales Channel
• Online
• Offline

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This release was published on openPR.