The global mountain bike size is expected to reach USD 5.34 Billion in 2028 and register a CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data. Major factors driving revenue growth are rising focus on development of more durable and sturdy bikes, rising preference for bike sports, increasing preference for adventure tourism, and increasing number of individuals focusing on improving physical health and fitness. Mountain bikes are types of bicycles that are particularly designed for riding on rocky and uneven terrain. Mountain bikes or bicycles are mainly ridden off-road, on mountain trails, single tracks, and other uneven and unchartered paths.
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Mountain bikes can be categorized into hardtail, rigid, and full suspension, depending on suspension type. Hardtail bikes have suspension shock absorbers only on the front fork. Full-suspension mountain bikes have suspension shock absorption in front as well as rear. Rigid bikes have no suspension in front fork or rear. These bikes are mainly used for racing and leisure purposes. Racing segment is expected to register faster revenue CAGR than other bike types throughout the forecast period. Increasing number of participants in mountain biking activities and rising focus on outdoor and adventure activities to maintain physical health and wellness are factors resulting in rising sales of bicycles of varying types and models, and the trend is expected to continue going ahead.
Market Dynamics:
The automotive industry revenue has expanded significantly over the recent past and is expected to register robust revenue CAGR over the forecast period. Technological advancements in the automotive sector, rising sales of passenger cars and commercial vehicles are key factors fueling global market revenue growth. In addition, rising demand for luxurious cars and comfortable driving, increasing sales of electric vehicles owing to rising awareness about excess carbon emission are fueling growth. In addition, increasing adoption of autonomous cars due to rising number of road accidents, and rising demand for green vehicles are expected to boost growth going ahead. Growing shift towards hybrid and electric vehicles in order to reduce carbon emissions and mitigate global warming has significantly contributed to the revenue growth of the automotive sector. OEMs and automotive companies account for a significant share in the global.
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Some Key Highlights From the Report:
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Mountain Bike Segmentation & Impact Analysis
4.1. Mountain Bike Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising preference for bike sports
4.2.2.2. Rising awareness regarding body fitness
4.2.3. Market restraints analysis
4.2.3.1. High cost of maintenance
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence…
For the purpose of this report, Reports and Data has segmented the mountain bike based on type, distribution channel, application, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mountain-bike-market
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