Mountain Bike Market Demand Growing At CAGR Of 10% By 2023: Global Analysis By Trends, Growth Factors, Sales, and Regional Review Report 2018

“\”Mountain Bike Market\””
April. 4, 2018 (NEWS) — Mountain Bike Market Research Report 2018 expands information on Mountain Bike Market by type (Downhill Bikes, Free ride Bikes, Dirt Jumping Bikes), by application (Racing, Amateurish) and by Regions. The global market of Mountain Bike will grow at a rapid pace over the forecast period.

Mountain biking is continuing to grow in popularity across the globe. Well-run youth programs provide entry-point to this life-long activity. There are many specific elements which need to be considered while planning a mountain biking event. The most essential element of mountain biking is proper equipment such as a mountain bike and helmet. The terrain where mountain biking takes place is also important. These terrain could vary from simple biking off-road to riding on actual mountain bike trails.

The major challenge faced by the market is development of electric mountain bikes. Continuous advances in design and technology of mountain bikes has led to the development of electric mountain bikes. These help the riders to amplify the pedaling power, which makes mountain biking less fatiguing for the riders. In case of uphill riding, riders choose high level of support from the engine to enhance the riding experience.

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Mountain Bike Market Companies Analyzed in report:

Giant Manufacturing Co. Ltd. (Taiwan), Trek Bicycle Corporation (U.S.), Specialized Bicycle Components, Inc. (U.S.), Cannondale Bicycle Corporation (U.S.), Santa Cruz Bicycles (U.S.), GT Bicycles (U.S.), Merida Industry Co., Ltd (Taiwan), Kona Bike (U.S.), Rocky Mountain Bicycles (Canada), Marin Bikes Company (U.S.) and Diamondback Bicycles (U.S.).

Mountain biking is an off-road adventure sport that is witnessing intense competition. The riders are unaware of the surface irregularities of the path as they travel through uneven terrains and are prone to danger. Various companies develop safety equipment to enhance the safety of the bikers. They are still prone to minor and major accidents due to the unpredictability of the terrain surface. However, the growth of this market is restrained by rise in the number of accidents and crashes along with related injuries.

Market Segmentation:

Based on type, the mountain bike market has been segmented as downhill bikes, free ride bikes and dirt jumping bikes. Among these, free ride biking is expected to grow significantly over the forecast period. This form of mountain biking incorporates elements of traditional trail riding, big jumps, and technical maneuvers. Riders have to negotiate steep descents, while facing obstacles such as jumps, steps, and drop-offs. Bikers also build man-made obstacles such as bridges, teeter-totters, and drop-offs. Protection is very important aspect in freeriding, for which, bikers wear full-face helmets and goggles.

Geographic Analysis:

Geographically, the global mountain bike market has been divided as four major regions such as North America, Europe, Asia Pacific and Rest of the World. North America region is expected to dominate the global mountain bike market over the forecast period owing to the existence of countries such U.S and Canada. Canada has a large number of mountain biking operators who offer various types of mountain biking including downhill, cross country, freeride, and dirt jumping. Operators who run ski resorts during winters take advantage of summer activities and provide trails for mountain biking. In U.S., NORBA, as part of USA Cycling, runs the National Mountain Bike Series, and the NCCA is the governing body for collegiate cycling. The growth of the mountain bike market would be followed by Asia Pacific and Europe region respectively. Initiatives by these governing bodies drive the growth of the market in the region.

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