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.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4166
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.
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.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/4166
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.
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/4166
Table of Content:
Chapter 1. Market Synopsis1.1. Market Definition1.2. Research Scope & Premise1.3. Methodology1.4. Market Estimation TechniqueChapter 2. Executive Summary2.1. Summary Snapshot, 2020-2028Chapter 3. Indicative MetricsChapter 4. Mountain Bike Segmentation & Impact Analysis4.1. Mountain Bike Material Segmentation Analysis4.2. Industrial Outlook4.2.1. Market indicators analysis4.2.2. Market drivers analysis22.214.171.124. Rising preference for bike sports126.96.36.199. Rising awareness regarding body fitness4.2.3. Market restraints analysis188.8.131.52. High cost of maintenance4.3. Technological Insights4.4. Regulatory Framework4.5. ETOP Analysis4.6. Porter’s Five Forces Analysis4.7. Competitive Metric Space Analysis4.8. Price trend Analysis4.9. Customer Mapping4.10. Covid-19 Impact Analysis4.11. 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
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Specialty Bicycle Retailers
- Full-Line Sporting Goods Stores
- Mass Merchants
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- 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
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs