The global mountain bike size is expected to reach USD 5.34 Billion in 2028 and register a CAGR of 5.3% over the forecast period

The global mountain bike size is expected to reach USD 5.34 Billion in 2028 and register a CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data. Major factors driving revenue growth are rising focus on development of more durable and sturdy bikes, rising preference for bike sports, increasing preference for adventure tourism, and increasing number of individuals focusing on improving physical health and fitness. Mountain bikes are types of bicycles that are particularly designed for riding on rocky and uneven terrain. Mountain bikes or bicycles are mainly ridden off-road, on mountain trails, single tracks, and other uneven and unchartered paths.

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Mountain bikes can be categorized into hardtail, rigid, and full suspension, depending on suspension type. Hardtail bikes have suspension shock absorbers only on the front fork. Full-suspension mountain bikes have suspension shock absorption in front as well as rear. Rigid bikes have no suspension in front fork or rear. These bikes are mainly used for racing and leisure purposes. Racing segment is expected to register faster revenue CAGR than other bike types throughout the forecast period. Increasing number of participants in mountain biking activities and rising focus on outdoor and adventure activities to maintain physical health and wellness are factors resulting in rising sales of bicycles of varying types and models, and the trend is expected to continue going ahead.

Market Dynamics:

The automotive industry revenue has expanded significantly over the recent past and is expected to register robust revenue CAGR over the forecast period. Technological advancements in the automotive sector, rising sales of passenger cars and commercial vehicles are key factors fueling global  market revenue growth. In addition, rising demand for luxurious cars and comfortable driving, increasing sales of electric vehicles owing to rising awareness about excess carbon emission are fueling growth. In addition, increasing adoption of autonomous cars due to rising number of road accidents, and rising demand for green vehicles are expected to boost growth going ahead. Growing shift towards hybrid and electric vehicles in order to reduce carbon emissions and mitigate global warming has significantly contributed to the revenue growth of the automotive sector. OEMs and automotive companies account for a significant share in the global.

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Some Key Highlights From the Report:

• In July 2021, Greyp launched high tech electric trekking bike, Greyp e-SUV T5. This bike is equipped with, an integrated eSIM, electric motor, 700 Wh battery that offers up to 100 km range.
• Cross-country bikes segment accounted for largest revenue share in the global in 2020. This can be attributed to rising demand for cross-country bikes due to various advantages such as better durability, high speed, and lightweight frame.
• North America is expected to register significant revenue growth over the forecast period. Growing awareness regarding fitness, robust presence of major bike manufacturers, and increasing investment by government and private investors in mountain bike manufacturing and infrastructure are major factors driving revenue growth of the in this region.
• Major players in the include Trek Bicycle Corporation, CUBE Bikes, Cannondale Bicycle Corporation, Diamondback Bicycles, XDS Bikes, Giant Manufacturing Co. Ltd., Pivot Cycles, Trinx Bikes, Xidesheng Bicycle Company, and Rocky Mountain Bicycles.

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Table of Content:

Chapter 1.    Market Synopsis
1.1.    Market Definition
1.2.    Research Scope & Premise
1.3.    Methodology
1.4.    Market Estimation Technique
Chapter 2.    Executive Summary
2.1.    Summary Snapshot, 2020-2028
Chapter 3.    Indicative Metrics
Chapter 4.    Mountain Bike Segmentation & Impact Analysis
4.1.    Mountain Bike Material Segmentation Analysis
4.2.    Industrial Outlook
4.2.1.    Market indicators analysis
4.2.2.    Market drivers analysis
4.2.2.1.    Rising preference for bike sports
4.2.2.2.    Rising awareness regarding body fitness
4.2.3.    Market restraints analysis
4.2.3.1.    High cost of maintenance
4.3.    Technological Insights
4.4.    Regulatory Framework
4.5.    ETOP Analysis
4.6.    Porter’s Five Forces Analysis
4.7.    Competitive Metric Space Analysis
4.8.    Price trend Analysis
4.9.    Customer Mapping
4.10.    Covid-19 Impact Analysis
4.11.    Global Recession Influence…

For the purpose of this report, Reports and Data has segmented the mountain bike based on type, distribution channel, application, and region:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Cross Country Bikes
• Downhill Bikes
• Freeride Bikes
• Dirt Jumping Bikes
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

• Specialty Bicycle Retailers
• Full-Line Sporting Goods Stores
• Mass Merchants
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• Racing
• Leisure

Regional Outlook (Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Israel
  • Rest of MEA

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mountain-bike-market

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