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Mountain Bike Market Scope and overview, 2022 Portrays High-End Demand across Major Geographies During 2022-2030

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The Mountain Bike market is estimated to reach USD 3,585 million by 2027 and is anticipated to grow at a CAGR of 10.3% during the forecast period. Mountain bikes are bicycles designed for off-roading and high-performance cycling. Mountain bikes are manufactured to endure rough terrains and mountainous regions while offering high durability and performance. Mountain bikes are categorized into cross country mountain bikes, downhill mountain bikes, freeride mountain bikes, and dirt jumping bikes among others.

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The demand for mountain bikes has increased over the years owing to increasing demand for electric mountain bikes, and growing environmental concerns. The demand for sports and adventure activities has significantly increased the adoption of mountain bikes. The increasing initiatives from governments and private organizations to promote sports activities and support the participation of women in adventure activities further supports market growth. Growing demand from emerging economies, increasing tourism activities, and technological advancements are expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Mountain Bike Market, 2021-2027. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to increasing tourism industry, and growing trend of adventure sports in this region. The high purchasing power of consumers, and technological advancements drive the market growth in the region.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Mountain Bike Market also experienced a slowdown. Statista estimates that the Mountain Bike Market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the Mountain Bike Market generated revenues of US$ 5.4 trillion at a record high.

The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the Mountain Bike Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

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Competitive Landscape and Key Vendors

The global Mountain Bike market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the report include Trek Bicycle Corporation, Cannondale Bicycle Corporation, Diamondback Bicycles, XDS Bikes, Scott Sports SA, Giant Manufacturing Co. Ltd., Pivot Cycles, Trinx Bikes, Xidesheng Bicycle Company, and Rocky Mountain Bicycles.
Key Segment Analysis

Type

Cross Country Mountain Bike
Downhill Mountain Bike
Freeride Mountain Bike
Dirt Jumping Mountain Bike
Others

Distribution Channel

Specialty Bicycle Retailers
Mass Merchants
Full-Line Sporting Goods Store
Outdoor Specialty Store
Others

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Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Asia-Pacific
China
India
Japan
Latin America
Brazil
Middle East and Africa

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

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