— Mountain Bike Market to rise at 10% growth rate and reach remarkable market value during 2019 and 2023 due to increase in accidents during bike riding competitions has pushed the bicycle manufacturers to produce more durable and sturdy bikes. Secondly, the economic development of the country is sped up due to the mountain biking competitions, which lead to the growth of the mountain biking tourism, according to Global Mountain Bike Market 2019 Industry Report published by “Market Research Future”.
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The key players in the global Mountain Bike market include:
The Cannondale Bicycle Corporation (US), Giant Manufacturing Co. Ltd. (Taiwan), Pivot Cycles (US), Scott Sports SA (Switzerland), Trek Bicycle Corporation (US) and Trinx Bikes (Taiwan). XDS Bikes (Australia), Xidesheng bicycle company (China), CUBE Bikes (China) and Diamondback Bicycles (US).
Acknowledging the growing popularity of the sport which is escalating the mountain bike market to garner huge accruals, Market Research Future (MRFR) in its recently published study report asserts that the global mountain bike market will garner an exponential value by 2023 registering approx. 10% CAGR between 2017 and 2023.
Evidently, efforts of the fervent manufacturers are the main driving force supporting the flourishing market growth. These manufacturers invest heavily into R&D activities to design new bikes as well as to develop new technologies. This, in turn, pays off well, bringing about novelties in the product and making the bikes further better. Consumers always like to buy bettered versions of bikes. Resultantly, the market size increases constantly.
Another driving force for the market growth is improving economic conditions worldwide which are improving consumers’ purchasing power, enhancing the quality of life. Also, the mountain biking competitions support the economic development of a country organizing them, leading to the growth of the mountain biking tourism
Market Segments Analysis:
The global mountain bike market is segmented into three key dynamics for an easy grasp and enhanced understanding.
By Types: Comprises - Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Free-ride Bikes, and Dirt Jumping Bikes among others.
By Applications/ Usages: Racing, and Leisure among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America region is expected to dominate the global mountain bike market primarily due to countries such as U.S. and Canada. These countries have some mountain bike competition operators who offer a variety of mountain biking activities such as cross-country, freeride, dirt jumping and downhill. The ski resort operators who provide different activities in the winter season also offer trails for carrying out mountain biking in summers. The U.S. government encourages physical activities for increasing the endurance and the well-being of its citizens. In this context, the mountain biking activities have been increasing at rapid pace.
July 09, 2018 – FOX Factory, Inc. (US) announced that it is all set to launch FOX Live Valve, FOX's Live Valve automatically adjusting suspension system (electronically controlled suspension dropping) for Euro bikes by August 2018.
July 09, 2018 – Oakley Sports (US) one of the leading global manufacturers of sports products launched its new mountain bike helmet along with a small line of mountain bike apparel. There’s also a new high-tech jersey specially designed for the mountain biking.
June 09, 2018 – Focus Bikes (Germany), a bicycle manufacturer building sports bicycles such as e-bikes, racing bicycles, and mountain bicycles announced that it is all set to launch its two new e-mountain bikes in the US soon. In last September, Focus had unveiled its plan to launch these two bikes in 2018 - The full-suspension JAM²
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL MOUNTAIN BIKE MARKET
5 INDUSTRY OVERVIEW OF GLOBAL MOUNTAIN BIKE MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL MOUNTAIN BIKE MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA MOUNTAIN BIKE MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE MOUNTAIN BIKE MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC MOUNTAIN BIKE MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA MOUNTAIN BIKE MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA MOUNTAIN BIKE MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL MOUNTAIN BIKE MARKET SEGMENTATION FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL MOUNTAIN BIKE MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL MOUNTAIN BIKE MARKET
FIGURE 5 SHARE OF GLOBAL MOUNTAIN BIKE MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL MOUNTAIN BIKE MARKET, 2017-2023,
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