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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% in the course of the forecast interval. The report presents an up-to-date evaluation concerning the present market state of affairs, newest tendencies and drivers, and the general market atmosphere.
Technavio has introduced its newest market analysis report titled International Mountain Bike Market 2020-2024 (Graphic: Enterprise Wire)
Though the COVID-19 pandemic continues to rework the expansion of varied industries, the instant affect of the outbreak is different. 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 coated as our analysis stories embody all foreseeable market situations, together with pre- & post-COVID-19 evaluation. Download a Free Sample Report on COVID-19 Impacts
Ceaselessly Requested Questions:
- What are the key tendencies available in the market?
Progress within the improvement of electrical mountain bikes is a significant 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 available in the market?
Beistegui Hermanos SA, Biking Sports activities Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Big Manufacturing Co. Ltd., Merida Trade Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes, are a number of the main market individuals. - What are the important thing market drivers?
The rise in girls mountain bikers will provide immense is likely one of the main components driving the market. - How massive 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 in the course of the forecast interval. Beistegui Hermanos SA, Biking Sports activities Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Big Manufacturing Co. Ltd., Merida Trade Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes are a number of the main market individuals. 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.
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Technavio’s customized analysis stories provide detailed insights on the affect of COVID-19 at an business degree, a regional degree, and subsequent provide chain operations. This personalized report may even assist shoppers sustain with new product launches in direct & oblique COVID-19 associated markets, upcoming vaccines and pipeline evaluation, and important developments in vendor operations and authorities rules.
Mountain Bike Market 2020-2024: Segmentation
Mountain Bike Market is segmented as beneath:
- Finish-user
- Geographic Panorama
- North America
- Europe
- APAC
- South America
- MEA
Mountain Bike Market 2020-2024: Scope
Technavio presents an in depth image of the market by the way in which 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 Tendencies
- Mountain Bike Market Trade Evaluation
This research identifies progress within the improvement of electrical mountain bikes as one of many prime causes driving the mountain bike market progress in the course of the subsequent few years.
Technavio suggests three forecast situations (optimistic, possible, and pessimistic) contemplating the affect of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis stories.
Mountain Bike Market 2020-2024: Key Highlights
- CAGR of the market in the course of the forecast interval 2020-2024
- Detailed data on components that can help mountain bike market progress in the course of the subsequent 5 years
- Estimation of the mountain bike market measurement and its contribution to the dad or mum market
- Predictions on upcoming tendencies and modifications in shopper conduct
- The expansion of the mountain bike market
- Evaluation of the market’s aggressive panorama and detailed data on distributors
- Complete particulars of things that can problem the expansion of mountain bike market distributors
- Market ecosystem
- Worth chain evaluation
- Market definition
- Market section evaluation
- Market measurement 2019
- Market outlook: Forecast for 2019 – 2024
- Bargaining energy of patrons
- Bargaining energy of suppliers
- Menace of latest entrants
- Menace of substitutes
- Menace of rivalry
- Market situation
Market Segmentation by Finish-user
- Market segments
- Comparability by Finish-user placement
- Leisure – Market measurement and forecast 2019-2024
- Competitors – Market measurement and forecast 2019-2024
- Market alternative by Finish-user
- Geographic segmentation
- Geographic comparability
- North America – Market measurement and forecast 2019-2024
- Europe – Market measurement and forecast 2019-2024
- APAC – Market measurement and forecast 2019-2024
- South America – Market measurement and forecast 2019-2024
- MEA – Market measurement and forecast 2019-2024
- Key main nations
- Market alternative by geography
Drivers, Challenges, and Tendencies
- Market drivers
- Quantity driver – Demand led progress
- Quantity driver – Provide led progress
- Quantity driver – Exterior components
- Quantity driver – Demand shift in adjoining markets
- Worth driver – Inflation
- Worth driver – Shift from decrease to higher-priced models
- Market challenges
- Market tendencies
- Overview
- Panorama disruption
- Distributors coated
- Market positioning of distributors
- Beistegui Hermanos SA
- Biking Sports activities Group Inc.
- Derby Cycle Holding GmbH
- Dorel Industries Inc.
- Big Manufacturing Co. Ltd.
- Merida Trade 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 know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market tendencies and supplies actionable insights to assist companies establish 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 stories and counting, masking 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to establish alternatives in current and potential markets and assess their aggressive positions inside altering market situations.
CONTACT: Technavio Analysis
Media & Advertising and marketing Government
E-mail:media@technavio.com
Web site:www.technavio.com/
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.
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