What is Mountain Bikes Market Scope?
Mountain Bikes are bicycles designed for off-roading and high-performance cycling and are manufactured to endure rough terrains and mountainous regions while offering high durability and performance. The rising demand for sports and adventure activities is driving the growth of the market. Rising disposable income and improving living standards encourage consumers to take part in adventure activities, hence supporting the growth of the market. Moreover, the important upsurge in the number of women participating in adventure sports and the growth of e-commerce platforms are other factors trending the growth of the market.
Influencing Trend:
Adoption of E- Mountain Bikes in this Industry and Technological Advancements in these Mountain Bikes such as Use of AI
Market Growth Drivers:
Growing Demand for Sports and Adventure Activities across Globe and Awareness about Fitness Related Activities has Made People to Pursue Sport Adventures
Challenges:
Lack of Awareness Among Developing Economies and High Cost Associated with these Bikes
Restraints:
Government regulations regarding speed and safety issues associated with these Bikes are likely to hamper market growth. For instance, the UCI (Union Cycliste Internationale) has adopted a strict regulation regarding the electric motors on E-mountain bikes which must not exceed 250 watts. Pedaling assistance is only permitted to a maximum speed of 25kph. Thus ensuring the safety of the bike as well as the driver.
Opportunities:
Supportive Initiatives from Governments and Private Organizations to Promote Sports Activities have accelerated the Adoption of Mountain Bikes
The Mountain Bikes market study is being classified by Type (Cross Country Mountain Bike, Downhill Mountain Bike, Freeride Mountain Bike, Dirt Jumping Mountain Bike and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Mountain Bikes market throughout the predicted period.
Giant (Taiwan), Trek Bicycle (United States), Cannondale (United States), Specialized Bicycle Components (United States), Cannondale Bicycle Corporation (United States), GT Bicycles (United States), Santa Cruz Bicycles (United States), Scott Sports (Switzerland), Yeti Cycle (United States), Hyundai Motor India (India), Canyon Bicycles GmbH (Germany), Rocky Mountain Bicycles (Canada), Norco Bicycles (Canada), Pivot (United States) and Raleigh Bicycle Company (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Diamondback (United States), KHS Bicycles (United States), Felt Bicycles (United States), Scott Sports (Switzerland), Trinx Bikes (Taiwan), XDS Bikes (Australia) and CUBE Bikes (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Mountain Bikes market by Type, Application and Region.
On the basis of geography, the market of Mountain Bikes 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).
Ducati has also entered in the e-mountain bike market and launched its Ducati MIG-RR electric bicycle was created as a partnership between Ducati and Thok E-bikes. The Ducati MIG-RR is an upgrade to Thok’s current MIG line of electric mountain bikes. The MIG-RR features a 250 W Shimano Steps E8000 mid-drive. The motor is capable of 70 Nm (51.6 ft-lbs) of torque.
Key Target Audience
Mountain Bikes Manufactures, Potential Investors, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
Mountain Bikes Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Mountain Bikes Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Mountain Bikes industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.