Nowadays, large number of people opting for bicycling as a form of leisure. The preference for bicycles as a convenient form of exercise for healthy life, free from obesity and other illnesses, is expected to enhance the demand for the mountain bicycles. Mountain bicycles are considered to be a great form of physical exercise equipment that provide various health benefits such as improving heart function and handling obesity owing to active cardio activity and losing weight. As a result, the bicycle riding practice helps to prevent certain health risks such as heart attack, stroke, and other cardiovascular diseases. Thus, the demand for mountain bicycles increases and eventually enhances market growth.
According to Data Bridge Market Research the Mountain Bicycles accounted a CAGR of 5.60% in the forecast period of 2022 to 2029.
“Increasing number of women mountain bikers”
The rise in the number of women mountain bikers is one of the major factors that positively influence the market's growth. As a result of growth in mountain bikers, many leading mountain bicycle manufactures have increased the production rate of bicycle especially for women. The demand for bicycles has increased because these bicycles are comfortable and help maintain women's body shape during their ride. The companies have ensured that the bicycles' weight have leaser for women and can offer more comfort to the customers. This increase in awareness and women mountain bicycle rides have given upsurge to various workshops, groups, and tours all over the globe. Moreover, many mountain bicycle clubs offer women-only rides, races and events, for instance, IMBA, Breeze initiative. These initiatives will propel the demand for mountain bicycles among women, driving the market's growth.
What restraints the growth of Mountain Bicycles Market?
“Multiple issues associated with mountain bicycles market”
The growing number of accidents in bicycle riding contests, as well as the speed, are some of the major factors which influencing the growth of the market. However, the global mountain bicycle market's growth is hindered by just single use, high maintenance costs and poor riding skills. Furthermore, high cost of mountain bicycles and lack of awareness regarding their features among the general audience are anticipated to obstruct the growth of the market. Additionally, the unavailability of mountain bicycle in developing regions is anticipated to challenge the mountain bicycles market growth during the forecast period of 2022-2029.
Segmentation: Mountain Bicycles Market
The mountain bicycles is segmented on the basis of type, application and distribution channel.
- On the basis of type, the mountain bicycles is segmented into cross country bikes, all mountain bikes, downhill bikes, freeride bikes, dirt jumping bikes.
- On the basis of application, the mountain bicycles is segmented into racing, leisure.
- Based on distribution channel, the mountain bicycles is segmented into specialty bicycle retailers, mass merchants, full-line sporting goods store, outdoor specialty store, others.
Regional Insights: North America is expected to dominate the Mountain Bicycles Market
North America is expected to dominate the market and is expected to grow significantly owing to the high promotion of mountain bicycle market on a huge scale and wide events of mountain biking competition in this region. Furthermore high spending on recreational activities are some other major factors which are expected to further drive the market growth in this region.
- In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to increasing customer spending on sports utilities in this region. Furthermore, vast range of mountains and availability of finest mountain biking sites are some other major factors which are expected to further drive the market growth in this region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-mountain-bicycles-market
The Prominent Key Players Operating in the Mountain Bicycles Market Include:
- Diamondback Bicycles (U.S.)
- Jindal Fine Industries (India)
- Yeti Cycles (U.S.)
- SantaCruz (U.S.)
- Pivot Cycles (U.S.)
- Dorel Industries (Canada)
- Accell Group (Netherlands)
- Trinx (China)
- Shimano Inc. (Japan)
- SRAM LLC (U.S.)
- Hero Cycles Ltd (India)
- Campagnolo S.R.L. (Italy)
- Merida Bikes (Taiwan)
- Rohloff AG (Germany)
- Giant Bicycles (Taiwan)
- Currie Technologies (U.S.)
- OMAX Corporation (U.S.)
- Trek Bicycle Corporation (U.S.)
- Marin Bikes (U.S.)
- Atlas Cycles (Haryana) Ltd (India)
Above are the key players covered in the report, to know about more and exhaustive list of Mountain Bicycles companies contact, https://www.databridgemarketresearch.com/reports/global-mountain-bicycles-market
Research Methodology: Global Mountain Bicycles Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
