Global Mountain Bike Market 2017-2021
About Mountain Bike
A mountain bicycle or mountain bike is a bicycle designed for off-road cycling. Mountain bikes share similarities with other bikes but have features designed to enhance durability and performance in rough terrains. Mountain bikes are usually ridden on mountain trails, single tracks, and other unpaved surfaces. This type of terrain commonly has rocks, roots, loose dirt, and steep grades.
Technavio’s analysts forecast the global mountain bike market to grow at a CAGR of 9.84% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mountain bike market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mountain Bike Market 2017-2021
Technavio recognizes the following companies as the key players in the global mountain bike market: Cannondale, Giant Bicycles, Pivot Cycles, SCOTT Sports, Trek Bicycle Corporation, TRINX, and XDS BICYCLES.
Other Prominent Vendors in the market are: CUBE, Diamondback Bicycles, Fuji, GT Bicycle, LAPIERRE, Marin Bikes, MERIDA, Norco Bicycles, Rocky Mountain Bicycles, and Santa Cruz Bicycles.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is mountain biking tourism acts as a catalyst for economic development. Mountain biking primarily focuses on off-road travel where the bikers ride on gravel, dirt roads, and uneven terrains to reach their destination. This is an environment-friendly industry that offers healthy, recreational, and non-polluting sustainable transport to the riders. Mountain bike tourism helps to bring in revenue for the host community and region. People travel various destinations around the world for experiencing mountain biking.”
According to the report, one driver in the market is increase in accidents and crashes, and related injuries. Mountain biking is a popular and an exciting off-road adventure sport, which is witnessing an increase in the number of participants and competitions. During the hike, the riders travel through uneven terrains and are highly prone to danger as they are unaware of the surface irregularities of the trail. Although various companies have developed safety equipment to enhance the safety of the bikers, they are still prone to both minor and major accidents as they are unaware of the terrain ahead.
Further, the report states that one challenge in the market is growth in development of electric mountain bikes. Continuous advances in mountain bikes in terms of design and technology have led to the development of electric mountain bikes. The electric mountain bikes help the riders to amplify the pedaling power, which makes mountain biking less exhausting for the riders. It also helps in compensating the differences in performance as the stronger riders can prefer to choose a lower level of engine support or can switch off the engine. In case of uphill riding, other riders can choose a higher level of support from the engine to amplify the riding experience.
Cannondale, Giant Bicycles, Pivot Cycles, SCOTT Sports, Trek Bicycle Corporation, TRINX, XDS BICYCLES, CUBE, Diamondback Bicycles, Fuji, GT Bicycle, LAPIERRE, Marin Bikes, MERIDA, Norco Bicycles, Rocky Mountain Bicycles, and Santa Cruz Bicycles.
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