Mountain Bike Manufacturing Companies Studied In This Market Report: Giant Manufacturing Co. Ltd. (Taiwan), Trek Bicycle Corporation (U.S.), Specialized Bicycle Components, Inc. (U.S.), Cannondale Bicycle Corporation (U.S.), Santa Cruz Bicycles (U.S.), GT Bicycles (U.S.), Merida Industry Co., Ltd (Taiwan), Kona Bike (U.S.), Rocky Mountain Bicycles (Canada), Marin Bikes Company (U.S.) and Diamondback Bicycles (U.S.).
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Mountain Bike Market Insights:
Mountain biking is continuing to grow in popularity across the globe. Well-run youth programs provide entry-point to this life-long activity. There are many specific elements which need to be considered while planning a mountain biking event. The most essential element of mountain biking is proper equipment such as a mountain bike and helmet. The terrain where mountain biking takes place is also important. These terrain could vary from simple biking off-road to riding on actual mountain bike trails.
Mountain biking tourism is acting as a catalyst for economic development in various developing countries, all over the globe. Mountain biking focuses on off-road travel where bikers ride on dirt roads, and uneven terrains to reach their destination. This is very environment-friendly industry, which offers healthy, recreational, and non-polluting sustainable transport to riders. Mountain bike tourism is also helpful in bringing revenue for the host community and region.
Various associations promote the mountain bike market. For instance, The International Mountain Bicycling Association is a non-profit educational association whose mission is to create, enhance and preserve great trail experiences for mountain bikers worldwide. All associations work with the objective of maintaining and promoting trail opportunities for mountain biking by providing assistance, education and information, which promote the growth of the mountain bike market.
The major challenge faced by the market is development of electric mountain bikes. Continuous advances in design and technology of mountain bikes has led to the development of electric mountain bikes. These help the riders to amplify the pedaling power, which makes mountain biking less fatiguing for the riders. In case of uphill riding, riders choose high level of support from the engine to enhance the riding experience.
Mountain Bike Market Dynamics:
Drivers:
Growing popularity of adventure sports and concurrent growth in number of mountain bike races such as FMB World Tour and the Red Bull Rampage are chief drivers of the market.
Technological advancements in materials and design are other key determinants of the market. The recent decade has witnessed the emergence of carbon-fiber, titanium, as durable and lighter materials in place of the traditional aluminum frames which has enabled bicycles under 10 kg. A similar evolution has occurred in suspension with full suspension replacing the hard tail.
Similar developments have been also notices in the gears and braking systems. 10-speed gear systems have become the norm while disk brakes are rapidly becoming the new default. Tubeless tires are gaining increasing favor over the traditional tube tires.
Restraints:
High costs and high maintenance coupled with increasing weight of the bikes due to technical enhancements such as suspensions and discs are hampering the market. Large market fragmentation and poor per capita income are other constraints on the market.
Mountain Bike Market Segmentation:
To enable an accurate assessment of the global mountain bike market the report has been segmented by design and suspension configuration and regions.
Designs – Cross country, all-mountain (AM), free ride bikes, downhill, dirt jumping bikes and others.
Suspension configuration – rigid, hard tail, and full suspension
Regions – North America, Europe, Asia Pacific and Rest of the World
Mountain Bike Market Regional Analysis:
North America is anticipated to account for the largest market owing to high popularity of mountain biking adventure sport, large per capita income, organized nature of mountain biking sporting body in form of National Collegiate Cycling Association, large number of competition such as the National Mountain Bike Series and others. The growing influence of media and tourism are also driving the market indirectly and so is the increasing awareness of health benefits associated with biking.
Europe accounts for the second largest market led by Germany, France and others. The Asia Pacific market is expected to generate the fastest growth during the forecast period. The Asia Pacific region is expected to be led by China followed by India. Middle East and Africa are poised to generate moderate growth skewed in favor of the Gulf economies of Saudi Arabia, and UAE.
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