Global Mountain Bicycles Market Growth 2023-2029
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A mountain bike or mountain bicycle (abbreviated Mtn Bike or MTB) is a bicycle designed for off-road cycling. Mountain bikes share similarities with other bikes, but incorporate features designed to enhance durability and performance in rough terrain. These typically include a front or full suspension, large knobby tires, more durable wheels, more powerful brakes, and lower gear ratios for climbing steep grades. Mountain bikes are typically ridden on mountain trails, single track, fire roads, and other unpaved surfaces. This type of terrain commonly has rocks, roots, loose dirt, and steep grades. Many trails have additional TTF's (Technical Trail Features) such as log piles, log rides, rock gardens, skinnies, gap jumps, and wall-rides. Mountain bikes are built to handle these types of terrain and features. The heavy-duty construction combined with stronger rims and wider tires has also made this style of bicycle popular with urban riders and couriers who must navigate through potholes and over curbs.
LPI (LP Information)' newest research report, the “Mountain Bicycles Industry Forecast” looks at past sales and reviews total world Mountain Bicycles sales in 2022, providing a comprehensive analysis by region and market sector of projected Mountain Bicycles sales for 2023 through 2029. With Mountain Bicycles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mountain Bicycles industry.
This Insight Report provides a comprehensive analysis of the global Mountain Bicycles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mountain Bicycles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Mountain Bicycles market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mountain Bicycles and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mountain Bicycles.
The global Mountain Bicycles market size is projected to grow from US$ 6145.4 million in 2022 to US$ 9062.2 million in 2029; it is expected to grow at a CAGR of 9062.2 from 2023 to 2029.
Global Mountain Bicycles key players include Giant, Trek, XDS, Specialized, Merida, etc. Global top five manufacturers hold a share about 50%. China is the largest consumption market, with a share over 80%, followed by Europe and North America, total have a share over 10 percent. In terms of product, Hardtail is the largest segment, with a share over 55%. And in terms of application, the largest application is Household, followed by Commercial Use.
This report presents a comprehensive overview, market shares, and growth opportunities of Mountain Bicycles market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Rigid
Hardtail
Softail
Full Suspension
Segmentation by application
Household
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Giant
Trek
Specialized
Cannondale
Santa Cruz
Company six
Scott
Yeti
Merida
Kona
Rocky Mountain Bicycles
XDS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Mountain Bicycles market?
What factors are driving Mountain Bicycles market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Mountain Bicycles market opportunities vary by end market size?
How does Mountain Bicycles break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?