Mountain Bike Market 2017 Global Market Expected to grow at average CAGR Forecast to 2023

Pune, India, April 2, 2018/MRFR Press Release/- Market Research Future published a Half Cooked  research report on “Global Mountain Bike Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Mountain Bike Market – Overview

The Global Mountain Bike Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of mountain bike market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).  

The global bicycle riding community is increasing at a rapid pace. In earlier times, the bicycle was looked at as a mere means to commute. The bicycle was especially favourite amongst people with lower socio economic backgrounds. The one thing that set apart the bicycles from the rest of the means of commute was that it was the cheapest, the most reliable, required little or no maintenance and could be passed on from generations together without the need to upgrade. With change in time, the automobiles became the thing to have for pursuing the commute activities. For the same people would go to the extent wherein they would take a loan, save money and would pursue their dream of owning an automobile. Thus, owning an automobile had by now become a necessity, rather than a luxury. As with any passing technology, the bicycle in this case took a back seat and was kind of neglected. The, less or no use of a bicycle caused people to become more passive, coupled with the use of the automobiles. Acquired exercise due to the bicycle riding, took a back seat and automatically the global population was steadily plagued by obesity. The sure shot way to revive the bicycle, make it an attractive proposition for sales and lure people into making the purchase for leisure / exercise was by branding the bicycle in a different way.

The global community rose to the perils of a sedentary lifestyle and thus wanted to have a more active lifestyle. For the same, people realised that mountain bikes / bicycles in general was an attractive proposition. The one biggest factor contributing to the growth of the mountain bikes was the fact that riding a bike on the tough terrains and mountainous areas was a much challenging, fulfilling and taxing experience. The adrenaline rush provided by the same was unmatched and thus mountain bike market is seeing a huge growth for the past many years.

 Access Report Details @ https://www.marketresearchfuture.com/reports/mountain-bike-market-5165

Industry/ Innovation/ Related News:

March, 2018 - Diamondback recently introduced a lighter stronger Carbon Release, plus a new customer direct program. Before this model, the earlier version had solid value backed credibility but fell short on the lighter, higher-end aspect. The Carbon Release is lighter by half a pound and increases stiffness by 30 percent while maintaining the same geometry and suspension available in the aluminium version.

March, 2018 – Rocky Mountain Bicycles have upped their game with the Solo line of bikes, the Vancouver brand’s unique offering on the adventure touring bike variety. Two models of the Solo will be present in stores, the 70 & 50, and both having aluminium frames with carbon reinforced material, high tire clearance, and mounts for multiple racks and ruck sacks.

Mountain Bike Market – Segmentation

The Global Mountain Bike Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type          : Comprises Downhill Bikes, Freeride Bikes and Dirt Jumping Bikes

Segmentation by Application           : Comprises Racing and Amateurish

Segmentation by Regions                 : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Mountain bike market:

Regional Analysis

The global mountain bike market is seeing an explosive growth due to the gradual but consistent interest of the global community in fitness related activities. The North America region is the largest market for mountain bikes in the world. The primary reason for this is the presence of large open spaces and mountain ranges in the North America continent. Canada has a huge number of mountain bike operators who provide various type of mountain bike expeditions like cross country, dirt biking, downhill, free style etc. The U.S. on the other hand is home to few of the most exotic mountain ranges and is also blessed with suitable and reliable weather in many parts namely Arizona, California, Texas amongst others. The Asia Pacific region is mainly tropical and is home to almost the world’s half population. Owing to average per capita income, the people here prefer cheap means of exercise, thus explaining the popularity of mountain bikes. The Europe region is home to few of the wealthiest countries in the world and has a strong economy in general. Thus, the population in this region has sufficient resources to avail leisure activities involving physical exertion and recreation. All these factors, thus make the mountain bike market, an attractive proposition, which is expected to grow at a consistent rate.Giant Manufacturing Co. Ltd. (Taiwan), Trek Bicycle Corporation (U.S.), Specialized Bicycle Components, Inc. (U.S.), Cannondale Bicycle Corporation (U.S.), Santa Cruz Bicycles (U.S.), GT Bicycles (U.S.), Merida Industry Co., Ltd (Taiwan), Kona Bike (U.S.), Rocky Mountain Bicycles (Canada), Marin Bikes Company (U.S.), Diamondback Bicycles (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mountain Bike Market .