Mountain Bike Market Overview 2023 - 2032
The mountain bike market is expected to expand at a compound annual growth rate (CAGR) of 10% between 2022 and 2030, from an estimated USD 8.6 billion in 2022 to USD 16.9 billion by 2030. The market for ecologically friendly automobiles. The global mtb bike market is driven by an increase in accidents during bike riding competitions and importance & awareness of fitness related activities. These factors have helped shape the mtb bike market and are expected to boost the growth.
Companies in the mtb bike market could also face challenges such as a weak supply chain in terms of raw material and highly volatile pricing of materials. The details covered in the mtb bike market report cover all the aspects of the industry. mtb bike market analysts have also shared growth projections in the report and have suggested mtb bike market players to plan growth strategies accordingly.
Mountain Bike Market Segmentation
The global mtb bike market has been segmented based on types and applications. On the basis of type, the market for mtb bike is segmented based on all mtb bikes, cross country bikes, freeride bikes, downhill bikes, and dirt jumping bikes. Additionally, the market on the basis of application, is segmented into racing and leisure.
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Factors like rise in biking tourism and support from government initiatives as a part of green city projects support the mtb bike market growth. The performance of the mtb bike market has also been studied for the past and current years. Additionally, the mtb bike market report provides analysis of these segments. The mtb bike market segmental analysis provided in the report offers major details about the mtb bike market performance and future.
Mountain Bike Industry News
In operation since 1983, Cycling Sport Store is one of the nation's best-known stores with five outlets. Abell is active in business associations such as IMBA and, since 2007, has been a member of the Mtb bike Hall of Fame. Trek's purchasing in Texas this year is at least the second: this fall, it purchased Bicycles Plus in the Dallas area. Goodale's, a long-standing New Hampshire supermarket chain of three stores, was also acquired by Trek earlier this year.
Key Companies in the mountain bike market includes
Accell Group Giant Manufacturing Co. Ltd Pivot Cycles Scott Sports SA Trinx Bikes XDS Bikes Trek Bicycle Corporation Diamondback BicyclesMountain Bike Regional Overview
Companies in the mtb bike market are spread across the world. The mtb bike market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American mtb bike market has many companies across the United States, Canada, and Mexico. Europe has companies in the mtb bike market across Germany, France, Spain, Italy, and the United Kingdom.
A detailed analysis of the mtb bike market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The mtb bike market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the mtb bike market can be found in the market research report.
Mountain Bike Competitive Landscape
The mtb bike market is supported by the availability of a wide range of products and easy access to a wide selection of bikes through offline and online distribution channels. The population growth around the world and increasing demand of mtb bike market based services and products also support the market growth. However, the mtb bike market growth can be affected due to volatility in price of raw material and lack of infrastructure to support biking activities in some regions.
The
report covers all such details which will help companies in the mtb
bike market to strengthen their
business plan and improve their product portfolio. The mtb bike market research
report also provides company profiles of major companies. The company profiles
of many organizations operating in the mtb bike market report highlights
crucial details like company size, revenue growth, and details of mergers and
acquisitions taking place in the mtb bike market. New companies and established
businesses can plan their strategies based on this data provided in the mtb
bike market research report.
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