The Global Mountain Bike Market is expected to grow by $3.13 bn during 2023-2027, accelerating at a CAGR of 5.4% during the forecast period

NEW YORK, Nov. 17, 2022 /PRNewswire/ --

Global Mountain Bike Market 2023-2027
The analyst has been monitoring the mountain bike market and it is poised to grow by $3.13 bn during 2023-2027, accelerating at a CAGR of 5.4% during the forecast period. Our report on the mountain bike market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p05192384/?utm_source=PRN

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by mountain biking tourism acts as catalyst for economic development, increase in women mountain bikers, and inclusion of unified manufacturer standards to ensure safety of riders.
The mountain bike market analysis includes the end-user and type segments and geographic landscape.

The mountain bike market is segmented as below:
By End-user
Leisure
Competition

By Type
Cross country bikes
All mountain bikes
Downhill bikes
Freeride bikes
Dirt jumping bikes

By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa

This study identifies the growth in the development of electric mountain bikes as one of the prime reasons driving the mountain bike market growth during the next few years. Also, increasing acceptance of gravel bikes and new materials used for mountain bike frames will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the mountain bike market covers the following areas:
Mountain bike market sizing
Mountain bike market forecast
Mountain bike market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mountain bike market vendors that include Alta Cycling Group, BH BIKES EUROPE SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., and Youngone Corp. Also, the mountain bike market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Read the full report: https://www.reportlinker.com/p05192384/?utm_source=PRN

ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

View original content:https://www.prnewswire.com/news-releases/the-global-mountain-bike-market-is-expected-to-grow-by-3-13-bn-during-2023-2027--accelerating-at-a-cagr-of-5-4-during-the-forecast-period-301680796.html

SOURCE Reportlinker