“Mountain Bike Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025 ” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Mountain Bike” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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A mountain bike refers to a bicycle which is designed for off-road riding. Mountain bikes are similar to other bicycles but are incorporated with additional features such as robust build, wider tires, light weight construction, more effective brakes, and advanced suspensions. These advanced features compared to normal bicycles make the bike more durable and rugged. Mountain bikes are specially ridden on mountains and terrains where the riding conditions are challenging.
To give the rider comfort even while riding through challenging terrains, mountain bikes are equipped with efficient suspensions. The suspensions can be in the front, or both in the front and back. Mountain bikes without suspensions are referred to as rigid bikes. Some mountain bikes are loaded with disc brakes for efficient braking. The disc brakes provide improved stopping power especially in adverse conditions. The disc brakes are located at the center of the wheel and hence are cleaner as compared to the rims. The bikes are further provided with gears or can be gearless as well. The presence of gears make the uphill climb on the terrains easier and less effort is required for climbing. Mountain bikes are also provided with knobby tires which make riding in challenging conditions possible. Mountain bikes are made of high quality material which is lighter in weight and more durable. The frame design of the bike depends upon the terrains on which the bike is intended to be ridden. A major chunk of the population uses mountain bikes for commute as well. These do not have high end features.
The emergence of mountain biking as an adventure sport is said to be the primary driver for the growth of the mountain bike market. The masses are increasingly taking up mountain biking as an adventure sport which is driving the growth of mountain bikes globally. Growth of the market is also influenced by increase in bicycle manufacturing industries in countries such as China and Taiwan. Also, increasing awareness about the availability of different types of mountain bikes is fuelling the growth of the mountain bike market. Other factors that are anticipated to fuel the growth of the market include increased disposable income, changing lifestyles, and growing youth population. However, high cost associated with mountain bikes, in addition to the cost of the gear required for riding such bikes is expected to be a major deterrent to the growth of the mountain bike market. Nevertheless, the increased spending power of consumers and growing number of people participating in adventure sports like mountain biking is anticipated to hasten the growth of the mountain bike market.
The mountain bike market has been segmented on the basis of wheel size, type, and geography. In terms of wheel size, the market has been segregated into 26 inches, 27.5 inches, and 29 inches. On the basis of type, the market has been segmented into all mountain bikes, cross country mountain bikes, free ride mountain bikes, and downhill mountain bikes. Based on geography, the mountain bike market has been divided into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Some of the major players in the global mountain bike market include Gaint, GT, Santa Cruz, Polygon, Corratech, Diamondback, Gary Fisher, Cube, Norco, Pivot, Raleigh Bicycle Company, Commencal, Yeti, Scott, and XDS.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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