Mountain Bike Market Key Findings by 2031
A mountain bike is built for activities like off-roading and high-performance cycling. These bikes are extremely strong and can run with optimized durability in rough terrains and mountainous regions. A mountain bike may include a set of the suspension system on the front and the rear end, or only the front end, or without a suspension system. This system ensures riding comfort by absorbing the majority of shocks. The growing mountain bike competition across the world is anticipated to enhance the market growth during the forecast period.
MARKET SCOPE
The "Global Mountain Bike Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mountain bike market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading mountain bike market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global mountain bike market is segmented into cross country bikes, all mountain bikes, downhill bikes, dirt jumping bikes, and others.
- On the basis of category, the market is segmented into racing and leisure.
MARKET DYNAMICS
Drivers:
- Growing inclination towards sporting activities.
- Increasing per capita disposable income to boost market growth of mountain bikes.
Restraints:
- Unorganized retail sector in few developing countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mountain bike market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mountain bike market in these regions.
IMPACT OF COVID-19 ON MOUNTAIN BIKE MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also due to salary cuts or job losses, buying capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. Many non-essential activities were prohibited during this period. All the mentioned factors have impacted the mountain bike market negatively.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mountain bike market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mountain bike market in these regions.
IMPACT OF COVID-19 ON MOUNTAIN BIKE MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also due to salary cuts or job losses, buying capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. Many non-essential activities were prohibited during this period. All the mentioned factors have impacted the mountain bike market negatively.
MARKET PLAYERS
The report covers key developments in the mountain bike market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mountain bike market are anticipated to lucrative growth opportunities in the future with the rising demand for mountain bike in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mountain bike market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CUBE Bikes
- Diamondback Bicycles
- Giant Bicycles
- Pivot Cycles
- Santa Cruz Bicycles, LLC
- Scott Sports SA
- The Cannondale Bicycle Corporation
- Trek Bicycle Corporation
- Trinx Bikes
- XDS Bikes
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mountain Bike Market - By Type
1.3.2 Mountain Bike Market - By Application
1.3.3 Mountain Bike Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MOUNTAIN BIKE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MOUNTAIN BIKE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MOUNTAIN BIKE MARKET - GLOBAL MARKET ANALYSIS
6.1. MOUNTAIN BIKE - GLOBAL MARKET OVERVIEW
6.2. MOUNTAIN BIKE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MOUNTAIN BIKE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CROSS COUNTRY BIKES
7.3.1. Overview
7.3.2. Cross Country Bikes Market Forecast and Analysis
7.4. ALL MOUNTAIN BIKES
7.4.1. Overview
7.4.2. All Mountain Bikes Market Forecast and Analysis
7.5. DOWNHILL BIKES
7.5.1. Overview
7.5.2. Downhill Bikes Market Forecast and Analysis
7.6. DIRT JUMPING BIKES
7.6.1. Overview
7.6.2. Dirt Jumping Bikes Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. MOUNTAIN BIKE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RACING
8.3.1. Overview
8.3.2. Racing Market Forecast and Analysis
8.4. LEISURE
8.4.1. Overview
8.4.2. Leisure Market Forecast and Analysis
9. MOUNTAIN BIKE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mountain Bike Market Overview
9.1.2 North America Mountain Bike Market Forecasts and Analysis
9.1.3 North America Mountain Bike Market Forecasts and Analysis - By Type
9.1.4 North America Mountain Bike Market Forecasts and Analysis - By Application
9.1.5 North America Mountain Bike Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mountain Bike Market
9.1.5.1.1 United States Mountain Bike Market by Type
9.1.5.1.2 United States Mountain Bike Market by Application
9.1.5.2 Canada Mountain Bike Market
9.1.5.2.1 Canada Mountain Bike Market by Type
9.1.5.2.2 Canada Mountain Bike Market by Application
9.1.5.3 Mexico Mountain Bike Market
9.1.5.3.1 Mexico Mountain Bike Market by Type
9.1.5.3.2 Mexico Mountain Bike Market by Application
9.2. EUROPE
9.2.1 Europe Mountain Bike Market Overview
9.2.2 Europe Mountain Bike Market Forecasts and Analysis
9.2.3 Europe Mountain Bike Market Forecasts and Analysis - By Type
9.2.4 Europe Mountain Bike Market Forecasts and Analysis - By Application
9.2.5 Europe Mountain Bike Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mountain Bike Market
9.2.5.1.1 Germany Mountain Bike Market by Type
9.2.5.1.2 Germany Mountain Bike Market by Application
9.2.5.2 France Mountain Bike Market
9.2.5.2.1 France Mountain Bike Market by Type
9.2.5.2.2 France Mountain Bike Market by Application
9.2.5.3 Italy Mountain Bike Market
9.2.5.3.1 Italy Mountain Bike Market by Type
9.2.5.3.2 Italy Mountain Bike Market by Application
9.2.5.4 United Kingdom Mountain Bike Market
9.2.5.4.1 United Kingdom Mountain Bike Market by Type
9.2.5.4.2 United Kingdom Mountain Bike Market by Application
9.2.5.5 Russia Mountain Bike Market
9.2.5.5.1 Russia Mountain Bike Market by Type
9.2.5.5.2 Russia Mountain Bike Market by Application
9.2.5.6 Rest of Europe Mountain Bike Market
9.2.5.6.1 Rest of Europe Mountain Bike Market by Type
9.2.5.6.2 Rest of Europe Mountain Bike Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mountain Bike Market Overview
9.3.2 Asia-Pacific Mountain Bike Market Forecasts and Analysis
9.3.3 Asia-Pacific Mountain Bike Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Mountain Bike Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Mountain Bike Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mountain Bike Market
9.3.5.1.1 Australia Mountain Bike Market by Type
9.3.5.1.2 Australia Mountain Bike Market by Application
9.3.5.2 China Mountain Bike Market
9.3.5.2.1 China Mountain Bike Market by Type
9.3.5.2.2 China Mountain Bike Market by Application
9.3.5.3 India Mountain Bike Market
9.3.5.3.1 India Mountain Bike Market by Type
9.3.5.3.2 India Mountain Bike Market by Application
9.3.5.4 Japan Mountain Bike Market
9.3.5.4.1 Japan Mountain Bike Market by Type
9.3.5.4.2 Japan Mountain Bike Market by Application
9.3.5.5 South Korea Mountain Bike Market
9.3.5.5.1 South Korea Mountain Bike Market by Type
9.3.5.5.2 South Korea Mountain Bike Market by Application
9.3.5.6 Rest of Asia-Pacific Mountain Bike Market
9.3.5.6.1 Rest of Asia-Pacific Mountain Bike Market by Type
9.3.5.6.2 Rest of Asia-Pacific Mountain Bike Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mountain Bike Market Overview
9.4.2 Middle East and Africa Mountain Bike Market Forecasts and Analysis
9.4.3 Middle East and Africa Mountain Bike Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Mountain Bike Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Mountain Bike Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mountain Bike Market
9.4.5.1.1 South Africa Mountain Bike Market by Type
9.4.5.1.2 South Africa Mountain Bike Market by Application
9.4.5.2 Saudi Arabia Mountain Bike Market
9.4.5.2.1 Saudi Arabia Mountain Bike Market by Type
9.4.5.2.2 Saudi Arabia Mountain Bike Market by Application
9.4.5.3 U.A.E Mountain Bike Market
9.4.5.3.1 U.A.E Mountain Bike Market by Type
9.4.5.3.2 U.A.E Mountain Bike Market by Application
9.4.5.4 Rest of Middle East and Africa Mountain Bike Market
9.4.5.4.1 Rest of Middle East and Africa Mountain Bike Market by Type
9.4.5.4.2 Rest of Middle East and Africa Mountain Bike Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mountain Bike Market Overview
9.5.2 South and Central America Mountain Bike Market Forecasts and Analysis
9.5.3 South and Central America Mountain Bike Market Forecasts and Analysis - By Type
9.5.4 South and Central America Mountain Bike Market Forecasts and Analysis - By Application
9.5.5 South and Central America Mountain Bike Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mountain Bike Market
9.5.5.1.1 Brazil Mountain Bike Market by Type
9.5.5.1.2 Brazil Mountain Bike Market by Application
9.5.5.2 Argentina Mountain Bike Market
9.5.5.2.1 Argentina Mountain Bike Market by Type
9.5.5.2.2 Argentina Mountain Bike Market by Application
9.5.5.3 Rest of South and Central America Mountain Bike Market
9.5.5.3.1 Rest of South and Central America Mountain Bike Market by Type
9.5.5.3.2 Rest of South and Central America Mountain Bike Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MOUNTAIN BIKE MARKET, KEY COMPANY PROFILES
11.1. CUBE BIKES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DIAMONDBACK BICYCLES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GIANT BICYCLES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PIVOT CYCLES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SANTA CRUZ BICYCLES, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SCOTT SPORTS SA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. THE CANNONDALE BICYCLE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TREK BICYCLE CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TRINX BIKES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XDS BIKES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.CUBE Bikes
2.Diamondback Bicycles
3.Giant Bicycles
4.Pivot Cycles
5.Santa Cruz Bicycles, LLC
6.Scott Sports SA
7.The Cannondale Bicycle Corporation
8.Trek Bicycle Corporation
9.Trinx Bikes
10.XDS Bikes
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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