Mountain Bike Market Research Report: Information Application (Racing, Leisure), By Type (Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, Dirt Jumping Bikes), and Region (North America, Europe, APAC, RoW) - Forecast 2027
|ID: VPR/A&T/1106||Publishing Year: January 2022||Pages: 108||Format:|
Mountain Bike Market Overview:
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 variables are drivers and restrictions, whereas market extrinsic aspects are opportunities and challenges.
The country's economic development is accelerating as a result of Mountain Biking Contests, which has resulted in the growth of Mountain Bike Tours, which is a major driver driving the Global Mountain Bicycles 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 prompted them to participate in endurance sports. Rising demand for Electric Mountain Bikes, technical developments, and increased tourism activities are projected to propel the Market Forward.
- CUBE Bikes (China)
- Cannondale Bicycle Corporation (U.S.)
- Scott Sports (Switzerland)
- Xidesheng bicycle company (China)
- Trinx Bikes (Taiwan)
- Trek Bicycle Corporation (US.)
- Giant Manufacturing Co. Ltd. (Taiwan)
- Diamondback Bicycles (US.)
The change in the Mountain Bike Market Outlook can be attributed to a number of causes. Bicycle accidents on the road have been on the rise recently. Bicycling for daily commuting is safer and more conducive to a healthy lifestyle. As a result, many people are tempted to buy any type of new bicycle. This type of client behaviour functions as a demand generator for Mountain Bikes. In addition, there are numerous changes in the sports industry. Many nations are promoting bicycle sports, which has resulted in increased demand for Mountain Bikes. The global market is being driven by an increase in Mountain Bike rivalry in Europe. In addition, several governments are also adopting steps to raise public awareness of health and fitness. Mountain Biking is a high-intensity sport with numerous health benefits. The government's public awareness campaigns are generating a boom in demand for mountain bikes. Finally, on a bigger scale, Bicycle Marketers are promoting a new type of Mountain Bikes. This advertising by the leading Bicycle Manufacturer is also a significant market driver. Many mountain bikers will significantly enhance market demand during the anticipated year.
From a regional standpoint, Europe and North America have seen the biggest growth in the Global Mountain Bike Market. Both regions have witnessed increased mountain bike sales due to their extensive and scenic mountainous regions - Canada is regarded to offer some of the best Mountain Biking Trails in the world. This is also due to the increasing spending power of individuals in the two regions, which are home to the majority of the world's developed regions. This, combined with the presence of a number of important manufacturers in the two regions and the residents' proclivity for adventure-related sports, has resulted in solid development in their total markets.
Because of rising disposable incomes in the region, particularly in India, China, Australia, South Korea, Singapore, and Taiwan, Asia Pacific is likely to become another attractive market. The sport has piqued the interest of adrenaline addicts and adventure seekers in the countries, which also happen to be home to some of the world's most spectacular Mountain Ranges.
The COVID-19 pandemic has had a significant impact on the Global Mountain Bike Market.
Almost all major countries experienced a drop in economic development as a result of the COVID-19 pandemic, altering consumer purchasing patterns.
National and international transportation have been hampered as a result of the lockdown applied in several nations, which has had a substantial influence on the supply chain of numerous sectors throughout the world, consequently widening the supply-demand mismatch.
As a result, insufficient raw material supply is likely to slow the manufacturing rate of Mountain Bikes, reducing market growth.
Type Here for table of content.