Technavio has been monitoring the mountain bike market and it is poised to grow by USD 2.52 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Mountain Bike Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Growth in the development of electric mountain bikes is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.12% and the incremental growth of the market is anticipated to be $ 2.52 bn.
Who are the top players in the market?
Beistegui Hermanos SA, Cycling Sports Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Pivot Cycle, SCOTT Sports SA, Trek Bicycle Corp., and XDS Bikes, are some of the major market participants.
What are the key market drivers?
The rise in women mountain bikers will offer immense is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 32% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beistegui Hermanos SA, Cycling Sports Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Pivot Cycle, SCOTT Sports SA, Trek Bicycle Corp., and XDS Bikes are some of the major market participants. The rise in women mountain bikers will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Mountain Bike Market 2020-2024: Segmentation
Mountain Bike Market is segmented as below:
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Mountain Bike Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The mountain bike market report covers the following areas:
Mountain Bike Market Size
Mountain Bike Market Trends
Mountain Bike Market Industry Analysis
This study identifies 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.
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Mountain Bike Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist mountain bike market growth during the next five years
Estimation of the mountain bike market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the mountain bike market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of mountain bike market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user placement
Leisure - Market size and forecast 2019-2024
Competition - Market size and forecast 2019-2024
Market opportunity by End-user
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Beistegui Hermanos SA
Cycling Sports Group Inc.
Derby Cycle Holding GmbH
Dorel Industries Inc.
Giant Manufacturing Co. Ltd.
Merida Industry Co. Ltd.
SCOTT Sports SA
Trek Bicycle Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200917005727/en/