Mountain Bike Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
A mountain bike refers to a bicycle which is designed for off-road riding. Mountain bikes are similar to other bicycles but are incorporated with additional features such as robust build, wider tires, light weight construction, more effective brakes, and advanced suspensions. These advanced features compared to normal bicycles make the bike more durable and rugged. Mountain bikes are specially ridden on mountains and terrains where the riding conditions are challenging.
To give the rider comfort even while riding through challenging terrains, mountain bikes are equipped with efficient suspensions. The suspensions can be in the front, or both in the front and back. Mountain bikes without suspensions are referred to as rigid bikes. Some mountain bikes are loaded with disc brakes for efficient braking. The disc brakes provide improved stopping power especially in adverse conditions. The disc brakes are located at the center of the wheel and hence are cleaner as compared to the rims. The bikes are further provided with gears or can be gearless as well. The presence of gears make the uphill climb on the terrains easier and less effort is required for climbing. Mountain bikes are also provided with knobby tires which make riding in challenging conditions possible. Mountain bikes are made of high quality material which is lighter in weight and more durable. The frame design of the bike depends upon the terrains on which the bike is intended to be ridden. A major chunk of the population uses mountain bikes for commute as well. These do not have high end features.
The emergence of mountain biking as an adventure sport is said to be the primary driver for the growth of the mountain bike market. The masses are increasingly taking up mountain biking as an adventure sport which is driving the growth of mountain bikes globally. Growth of the market is also influenced by increase in bicycle manufacturing industries in countries such as China and Taiwan. Also, increasing awareness about the availability of different types of mountain bikes is fuelling the growth of the mountain bike market. Other factors that are anticipated to fuel the growth of the market include increased disposable income, changing lifestyles, and growing youth population. However, high cost associated with mountain bikes, in addition to the cost of the gear required for riding such bikes is expected to be a major deterrent to the growth of the mountain bike market. Nevertheless, the increased spending power of consumers and growing number of people participating in adventure sports like mountain biking is anticipated to hasten the growth of the mountain bike market.
The mountain bike market has been segmented on the basis of wheel size, type, and geography. In terms of wheel size, the market has been segregated into 26 inches, 27.5 inches, and 29 inches. On the basis of type, the market has been segmented into all mountain bikes, cross country mountain bikes, free ride mountain bikes, and downhill mountain bikes. Based on geography, the mountain bike market has been divided into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Some of the major players in the global mountain bike market include Gaint, GT, Santa Cruz, Polygon, Corratech, Diamondback, Gary Fisher, Cube, Norco, Pivot, Raleigh Bicycle Company, Commencal, Yeti, Scott, and XDS.
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