Mountain Bike Market Revenue Opportunities, Growing Trends, Key Factors and Major Players


Posted August 24, 2018 by Stephenwilson12

Mountain Bike Market is estimated to reach USD 3,585 million by 2026 and is anticipated to grow at a CAGR of 10.3% during the forecast period according to a new report published by Polaris Market Research.

 
The global Mountain Bike market is estimated to reach USD 3,585 million by 2026 and is anticipated to grow at a CAGR of 10.3% during the forecast period. Mountain bikes are bicycles designed for off-roading and high-performance cycling. Mountain bikes are manufactured to endure rough terrains and mountainous regions while offering high durability and performance. Mountain bikes are categorized into cross country mountain bikes, downhill mountain bikes, freeride mountain bikes, and dirt jumping bikes among others.

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The demand for mountain bikes has increased over the years owing to increasing demand for electric mountain bikes, and growing environmental concerns. The demand for sports and adventure activities has significantly increased the adoption of mountain bikes. The increasing initiatives from governments and private organizations to promote sports activities and support the participation of women in adventure activities further supports market growth. Growing demand from emerging economies, increasing tourism activities, and technological advancements are expected to provide numerous growth opportunities in the coming years.

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The global Mountain Bike market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Issued By Polaris Market Research & Consulting
Website https://www.polarismarketresearch.com/industry-analysis/mountain-bike-market/
Phone 646-568-9980
Business Address Polaris Market Research 30 Wall Street 8th Floor
New York City, NY 10005
Country United States
Categories Industry
Tags analysis , forecast , growth , research , share , size , trends
Last Updated August 24, 2018