About Mountain Bike Repair Kit
Mountain biking is popular outdoor Olympic sports, the inclination of the populace towards the sports activity is booming the demand for mountain bicycles. Mountain bicycle is defined as a machine that is built for the purpose of riding especially, off-road, often over rough terrain, and so on. They incorporate features design to enhance performance and durability in the rough environment. Nuts loosen, chains break, derailleurs twist, and cables snap, so carry a few tools to fix minor problems and that can help the jury-rig major problems and limp home. As a minimum carry a chain tool and a multi-tool or a multi-tool with a chain tool.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Mountain Bike Repair Kit market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Campagnolo (France), Shimano (Japan), Jenson USA (United States), TECH Europe (Belgium, Rotor Bike Components (United States), Giant Bicycles (Taiwan), Chris King (United States), Lezyne (United States) and IceToolz (Taiwan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Asia Cycle Industries (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Mountain Bike Repair Kit market by Type (Tire Repair Kits, Tool Kits and Multifunction Tools), Application (Wheel & Tire Repair, Break Repair and Others) and Region.
On the basis of geography, the market of Mountain Bike Repair Kit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Mountain Bike Repair Kit market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Mountain Bike by Professional Riders
Market Growth Drivers:
Growing Outdoor Activities among the People in the World and Increasing Inclination towards Various Accessories for Travelling Purpose
Challenges:
Availability of Cheaper Substitutes in the Market
Restraints:
Availability of Cheaper Products from Local Players in the Market
Opportunities:
High Demand for Bicycles in Developing Countries Due to Environment Concern
Market Leaders and their expansionary development strategies
TrainingPeaks acquired Best Bike Split to help athletes and coaches predict, train and plan for race day. Best Bike Split uses advanced math modeling to predict your goal time and wattage, plan power targets for optimal training, and create a detailed race day plan.
In March 2024, Crankbrothers have launched their new SOS Tool collection that offer a neat range of neat on-bike tool solutions for most on-trail mishaps.
Key Target Audience
Manufacturers of Cycling Repair Tool, Suppliers of Cycling Repair Tool, Wholesalers, Distributors and Retailers of Cycling Repair Tool, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.