Registering a CAGR of 5.2% over the forecast period, the Mountain Bicycles market is anticipated to reach the market value of US$ 7095.2 million in the year 2027 from US$ 5795.8 million in the year 2021.
The market outlook portion of the research focuses on the market's basic characteristics, such as the industry's drivers, constraints, opportunities, and challenges. Market intrinsic elements include drivers and restrictions, while extrinsic factors include opportunities and difficulties.
The country's economic development is accelerating due to mountain biking contests, which has resulted in the increase of mountain riding tours, which is a major driver driving the global mountain bicycle market. Bicycle manufacturers have been encouraged to build more robust and sturdy bikes as a result of an increase in accidents during bike riding competitions, which is projected to drive market expansion. Furthermore, people are becoming more conscious of the importance of fitness-related activities, which has pushed them to seek endurance sports. Rising demand for electric mountain bikes, technical improvements, and increased tourism activities are projected to fuel the market.
Top Key Players in the Mountain Bicycles Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Mountain Bicycles Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report includes Giant Bicycles, Cannondale, Pivot Cycles, TRINX, SCOTT Sports, Trek Bicycle Corporation, and XDS BICYCLES, and others.
Global Mountain Bicycles Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
By Type, Mountain Bicycles Market has been segmented into
By Application, Mountain Bicycles Market has been segmented into
The Mountain Bicycles market is divided into North America, Europe, and Asia pacific. North America is dominating the global market due to high demand from Canada and the US. The key players in these regions are promoting the Mountain Bicycles market on a massive scale. In their well-established market, the key players are covering a large market demand. The adventure and the sports industry are the major market driving factors for the Mountain Bicycles market. Due to health and fitness concerns, the governments are providing massive support to the Mountain Bicycles market. Every year the expenditure on the Mountain Bicycles manufacturing sector is getting higher to meet the worldwide demand. Europe, the second-largest Mountain Bicycles market is responsible for 10% in the forecast year 2024. The rise in customer spending power on sports utilities is the major driving factor of the Europe Mountain Bicycles market. Therefore, the Mountain Bicycles market Analysis during the forecast year shows that the regional players will receive plenty of growth opportunities. It will influence the global market greatly
The report offers in-depth assessment of the growth and other aspects of the Mountain Bicycles Market in important regions, including the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
Mountain Bicycles Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Mountain Bicycles Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 5.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Giant Bicycles, Cannondale, Pivot Cycles, TRINX, SCOTT Sports, Trek Bicycle Corporation, and XDS BICYCLES |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during the COVID19 Pandemic. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Mountain Bicycles Market is studied from 2017 - 2027.
What is the growth rate of Mountain Bicycles Market?
The Mountain Bicycles Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the key players in Mountain Bicycles Market?
Giant Bicycles, Cannondale, Pivot Cycles, TRINX, SCOTT Sports, Trek Bicycle Corporation, and XDS BICYCLES
What region does this Mountain Bicycles Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Mountain Bicycles Market?
Rigid, Hardtail, Softail, Full-Suspension
What are the major end-use applications of Mountain Bicycles Market?
Household, Commercial
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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