LONDON–(BUSINESS WIRE)–Sep 17, 2020–
Technavio has been monitoring the mountain bike market and it’s poised to develop by USD 2.52 bn throughout 2020-2024, progressing at a CAGR of over 5% throughout the forecast interval. The report presents an up-to-date evaluation concerning the present market state of affairs, newest traits and drivers, and the general market atmosphere.
Technavio has introduced its newest market analysis report titled World Mountain Bike Market 2020-2024 (Graphic: Enterprise Wire)
Though the COVID-19 pandemic continues to rework the expansion of varied industries, the quick affect of the outbreak is assorted. Whereas a couple of industries will register a drop in demand, quite a few others will proceed to stay unscathed and present promising progress alternatives. Technavio’s in-depth analysis has all of your wants lined as our analysis studies embody all foreseeable market eventualities, together with pre- & post-COVID-19 evaluation. Download a Free Sample Report on COVID-19 Impacts
Often Requested Questions:
- What are the main traits out there?
Progress within the growth of electrical mountain bikes is a serious development driving the expansion of the market.
- At what price is the market projected to develop?
The year-over-year progress for 2020 is estimated at 5.12% and the incremental progress of the market is anticipated to be $ 2.52 bn.
- Who’re the highest gamers out there?
Beistegui Hermanos SA, Biking Sports activities Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Big Manufacturing Co. Ltd., Merida Business Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes, are a number of the main market members.
- What are the important thing market drivers?
The rise in girls mountain bikers will provide immense is without doubt one of the main components driving the market.
- How huge is the North America market?
The North America area will contribute 32% of the market share
The market is fragmented, and the diploma of fragmentation will speed up throughout the forecast interval. Beistegui Hermanos SA, Biking Sports activities Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Big Manufacturing Co. Ltd., Merida Business Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes are a number of the main market members. The rise in girls mountain bikers will provide immense progress alternatives. To make a lot of the alternatives, market distributors ought to focus extra on the expansion prospects within the fast-growing segments, whereas sustaining their positions within the slow-growing segments.
Purchase 1 Technavio report and get the second for 50% off. Purchase 2 Technavio studies and get the third without cost.
Technavio’s customized analysis studies provide detailed insights on the affect of COVID-19 at an trade degree, a regional degree, and subsequent provide chain operations. This personalized report can even assist purchasers sustain with new product launches in direct & oblique COVID-19 associated markets, upcoming vaccines and pipeline evaluation, and vital developments in vendor operations and authorities laws.
Mountain Bike Market 2020-2024: Segmentation
Mountain Bike Market is segmented as under:
- Geographic Panorama
- North America
- South America
Mountain Bike Market 2020-2024: Scope
Technavio presents an in depth image of the market by the best way of research, synthesis, and summation of knowledge from a number of sources. The mountain bike market report covers the next areas:
- Mountain Bike Market Measurement
- Mountain Bike Market Developments
- Mountain Bike Market Business Evaluation
This research identifies progress within the growth of electrical mountain bikes as one of many prime causes driving the mountain bike market progress throughout the subsequent few years.
Technavio suggests three forecast eventualities (optimistic, possible, and pessimistic) contemplating the affect of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis studies.
Mountain Bike Market 2020-2024: Key Highlights
- CAGR of the market throughout the forecast interval 2020-2024
- Detailed data on components that may help mountain bike market progress throughout the subsequent 5 years
- Estimation of the mountain bike market dimension and its contribution to the mother or father market
- Predictions on upcoming traits and adjustments in client habits
- The expansion of the mountain bike market
- Evaluation of the market’s aggressive panorama and detailed data on distributors
- Complete particulars of things that may problem the expansion of mountain bike market distributors
- Market ecosystem
- Worth chain evaluation
- Market definition
- Market phase evaluation
- Market dimension 2019
- Market outlook: Forecast for 2019 – 2024
- Bargaining energy of patrons
- Bargaining energy of suppliers
- Risk of latest entrants
- Risk of substitutes
- Risk of rivalry
- Market situation
Market Segmentation by Finish-user
- Market segments
- Comparability by Finish-user placement
- Leisure – Market dimension and forecast 2019-2024
- Competitors – Market dimension and forecast 2019-2024
- Market alternative by Finish-user
- Geographic segmentation
- Geographic comparability
- North America – Market dimension and forecast 2019-2024
- Europe – Market dimension and forecast 2019-2024
- APAC – Market dimension and forecast 2019-2024
- South America – Market dimension and forecast 2019-2024
- MEA – Market dimension and forecast 2019-2024
- Key main nations
- Market alternative by geography
Drivers, Challenges, and Developments
- Market drivers
- Quantity driver – Demand led progress
- Quantity driver – Provide led progress
- Quantity driver – Exterior components
- Quantity driver – Demand shift in adjoining markets
- Value driver – Inflation
- Value driver – Shift from decrease to higher-priced models
- Market challenges
- Market traits
- Panorama disruption
- Distributors lined
- Market positioning of distributors
- Beistegui Hermanos SA
- Biking Sports activities Group Inc.
- Derby Cycle Holding GmbH
- Dorel Industries Inc.
- Big Manufacturing Co. Ltd.
- Merida Business Co. Ltd.
- Pivot Cycle
- SCOTT Sports activities SA
- Trek Bicycle Corp.
- XDS Bikes
- Scope of the report
- Forex conversion charges for US$
- Analysis methodology
- Listing of abbreviations
Technavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and supplies actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 studies and counting, masking 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to determine alternatives in current and potential markets and assess their aggressive positions inside altering market eventualities.
CONTACT: Technavio Analysis
Media & Advertising and marketing Government
INDUSTRY KEYWORD: SPORTS BIKING/CYCLING
SOURCE: Technavio Analysis
Copyright Enterprise Wire 2020.
PUB: 09/17/2020 02:30 PM/DISC: 09/17/2020 02:31 PM
Copyright Enterprise Wire 2020.