Mountain Bike Market Growth Drivers, Trends, and Forecast by 2031

MARKET OVERVIEW

A mountain bike is built for activities like off-roading and high-performance cycling. These bikes are extremely strong and can run with optimized durability in rough terrains and mountainous regions. A mountain bike may include a set of the suspension system on the front and the rear end, or only the front end, or without a suspension system. This system ensures riding comfort by absorbing the majority of shocks. The growing mountain bike competition across the world is anticipated to enhance the market growth during the forecast period.

MARKET SCOPE

The "Global Mountain Bike Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mountain bike market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading mountain bike market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global mountain bike market is segmented into cross country bikes, all mountain bikes, downhill bikes, dirt jumping bikes, and others.
  
•   On the basis of category, the market is segmented into racing and leisure.
  

MARKET DYNAMICS

Drivers:

•   Growing inclination towards sporting activities.
  
•   Increasing per capita disposable income to boost market growth of mountain bikes.
  

Restraints:

•   Unorganized retail sector in few developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mountain bike market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mountain bike market in these regions.

IMPACT OF COVID-19 ON MOUNTAIN BIKE MARKET

The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also due to salary cuts or job losses, buying capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. Many non-essential activities were prohibited during this period. All the mentioned factors have impacted the mountain bike market negatively.

MARKET PLAYERS

The report covers key developments in the mountain bike market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mountain bike market are anticipated to lucrative growth opportunities in the future with the rising demand for mountain bike in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mountain bike market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   CUBE Bikes
  
•   Diamondback Bicycles
  
•   Giant Bicycles
  
•   Pivot Cycles
  
•   Santa Cruz Bicycles, LLC
  
•   Scott Sports SA
  
•   The Cannondale Bicycle Corporation
  
•   Trek Bicycle Corporation
  
•   Trinx Bikes
  
•   XDS Bikes
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Mountain Bike Report Scope