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Global Mountain Bike Market – Growth Analysis and Forecast |Technavio

LONDON–(BUSINESS WIRE)–The global
mountain bike market
is expected to grow at a CAGR of close to 10%
during the forecast period, according to Technavio’s latest market
research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global
mountain bike market for 2017-2021. The report has further categorized
the market into two end-user segments that include competition and
leisure.

Technavio’s research analysts segment the global mountain bike market
into the following regions:

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Americas: largest global mountain bike market

Mountain biking is one of the off-road sports that is gaining popularity
across North America. Cross-road biking is popular in this region due to
the rising number of women and kids entering this sport as this sport is
shifting from being male dominant to a leisure activity pursued by women
and children. The popularity is increasing due to the rising awareness
regarding safety, fitness, ethics, and environmental protection.

“Several cyclist organizations such as League of American Wheelman,
IMBA, and Bike Centennial have initiated plans and projects to encourage
more individuals to enter the sport. IMBA Canada, which is a subsidiary
of the IMBA, aims at trail building expertise, convenient access to
appealing trails, and political influence to increase the number of
mountain riders in the local region,”
says Ganesh Subramanian, a
lead automotive
manufacturing
research expert from Technavio.

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only:
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Global mountain bike market in EMEA

During the forecast period, the mountain bike market in EMEA is expected
to grow at a steady rate. The increasing demand for the mountain bike
market is primarily driven by the introduction of electric mountain
bikes used for leisure activities. As the battery in the electric bikes
maximizes the power of the bike, it plays a crucial part in enhancing
the rider’s experience. The efforts made, and initiatives taken by
various mountain biking associations help to increase the awareness
regarding this sport.

“Competitive mountain biking is an expanding industry in Europe. The
Crankworx roster event of the global mountain bike festivals in Austria
is a winter sports competition wherein the ride travels through
downhill, dual speed, and style, slopestyle, whip off and pump tracks,”
says
Sushmit.

Global mountain bike market in APAC

During the forecast period, the mountain bike market in APAC is expected
to grow at an exponential rate. The major factor contributing to the
growth of the market in this region is the increase in buying power and
disposable income of the people in developing countries such as China,
India, Australia, and South Korea.

The sport has gained attention from bikers and adventure and fitness
enthusiasts in India. This is because of the rapidly changing lifestyle
and increasing mountain biking tourism in the region. The scenic and
rugged landscapes such as mountains, high passes, deep valleys, and
alpine glaciers, provide opportunities for the bikers to explore
different terrains. In India, mountain bikers can explore several
destinations such as Himachal, Ladakh, Garhwal, and Kumaon.

The top vendors in the global mountain
bike
market as highlighted in this market research analysis are:

  • Cannondale
  • Giant Bicycles
  • Pivot Cycles
  • SCOTT Sports
  • Trek Bicycle Corporation
  • TRINX
  • XDS BICYCLES

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