A mountain bicycle, commonly referred
to as mountain bike, is meant for off-road cycling. It exhibits greater
durability and performance in choppy terrains and is typically ridden on
mountainous regions which have hard rocks, loose dirt, muddy or grassy
tracks, and steep slopes. The sales of mountain bikes have steadily
risen over the course of years with new players entering it with new and
better products.
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A recent report on the global market for
mountain bike that has been published by Transparency Market Research
presents crucial information on it. It studies the factors favoring and
hindering the market’s course and also the regions and product segments
that hold out maximum potential. The report banks upon current and
historical figures in order gauge the current and future size of the
market.
Global Mountain Bike Market: Key Trends
Numerous factors are serving to promote
the market for mountain bike. Rising tourism worldwide and increasing
penchant among people for more outdoor activities are foremost among
them. With increasing income of people, more and more are opting for
vacations once or twice a year. This is also because of aggressive
promotions of tourist spots by local governments and hotel chains. This,
in turn, has proved to be a boon for the mountain bike market which
tourists often use to explore the natural surroundings.
Astute strategies by key players in the
mountain bike market is also positively impacting the market. One of
those is product innovation leading to the launch of new and better
models every now. The electric bikes are a stellar example in this
direction. Powered by electricity, they make pedaling less exhausting in
difficult terrains and uphill climbs. Players are also coming up with
easy rental plans to promote revenue growth.
Global Mountain Bike Market: Regional Outlook
From a regional perspective, the global mountain bike market
has flourished the most in Europe and North America. Both the regions
with their vast and scenic mountainous regions – it is said that Canada
has some of the finest mountain biking trails in the world – have seen
surging sales of mountain bike. This is also because of the increased
spending capacity of the people in the two regions, which are home to
most of the developed regions in the world. This coupled with a number
of key manufacturers being domiciled in the two regions and the aptitude
for adventure related sports amongst the denizens has resulted in solid
growth in their overall markets.
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