Global Mountain Bike Market 2023-2030 | Size, Share and Trends, Demand
Mountain Bike Industry/ Innovation/ Related News
SEP. 28, 2021-- Guerilla Gravity, a leading manufacturer of highly-refined mountain bikes, announced its USA-made pedal head steel hardtail MTB frame upgrade. These mountain bike frames have all the awesome features with a smaller environmental footprint. The Colorado-based setup allows the bike maker to design and build MTBs locally, closely linking the design and manufacturing process, maintaining quality control, and provide riders extensive customization options.
Global Mountain Bike Market Overview:
The global mountain bike market is garnering significant traction. Mountain bikes (MBTs) are primarily designed for off-road activities and power sports/adventure sports. These are extremely durable and can perform with enhanced durability in rough terrains and mountainous regions. MBTs are capable of withstanding a high amount of repetitive actions and severe shocks & loads.
The measurable durability and sturdiness of these bikes increase their uptake. Besides, rapid economic growth pushes the growth of the market, increasing consumer purchasing power. According to Market Research Future (MRFR), the global mountain bike market is expected to grow feverishly, posting a significant CAGR throughout the forecast period
The importance and awareness of the benefits of biking activities are major factors bolstering the market growth, encouraging people to pursue endurance sports. Additionally, increasing numbers of athletes & sportsmen and adventure sports associations boost the mountain bike market size. Technological development worldwide escalates the mountain bike market shares to further heights.
The cross-country bike segment holds the largest market share due to its vast popularity. Also, extensive uptake for longer riding durations in the vast forests and natural riding trails increases the market sales. All-mountain bikes are extremely durable to sustain the constant forces, specifically through the mountainous terrain and rough land patches.
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Major Players:
Players leading the global mountain bike market include Giant Manufacturing Co. Ltd. (Taiwan), The Cannondale Bicycle Corporation (US), Pivot Cycles (US), Trek Bicycle Corporation (US), Scott Sports SA (Switzerland), Trinx Bikes (Taiwan), Xidesheng bicycle company (China), XDS Bikes (Australia), CUBE Bikes (China), and Diamondback Bicycles (US), among others.
Global Mountain Bike Market - Segments
The market forecast is segmented into types, applications, and regions. Further, the type segment is bifurcated into all mountain bikes, cross country bikes, downhill bikes, dirt jumping bikes, freeride bikes, and others. The application segment is bifurcated into racing, leisure, and others.
Global Mountain Bike Market - Regional Analysis
North America dominates the global mountain bike market, heading with the vast popularity of adventure sports in the region. Besides, the presence of various key manufacturers and increasing mountain biking sports, especially in the US, drive the market growth. Growing demand for low operating costs and the rapid adoption of mountain bikes substantiate the market size.
Global Mountain Bike Market - Competitive Landscape
Highly competitive, the mountain bike market appears to be well-established due to the presence of several notable players. These players strive to gain a larger competitive advantage through mergers & acquisitions, strategic partnership & collaboration, expansion, and product/technology launches. Heavy investments are made to drive R&D activities and expansion plans. Key players focus on product innovation and new manufacturing processes, intensifying the market competition further.
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