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% through the forecast interval. The report presents an up-to-date evaluation relating to the present market state of affairs, newest traits 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)
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Ceaselessly Requested Questions:
- What are the key traits out there?
Progress within the growth of electrical mountain bikes is a serious development driving the expansion of the market.
- At what fee is the market projected to develop?
The year-over-year development for 2020 is estimated at 5.12% and the incremental development 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., Large Manufacturing Co. Ltd., Merida Trade Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes, are a few of the main market contributors.
- What are the important thing market drivers?
The rise in ladies mountain bikers will supply immense is likely one of the main components driving the market.
- How large 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 through the forecast interval. Beistegui Hermanos SA, Biking Sports activities Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Large Manufacturing Co. Ltd., Merida Trade Co. Ltd., Pivot Cycle, SCOTT Sports activities SA, Trek Bicycle Corp., and XDS Bikes are a few of the main market contributors. The rise in ladies mountain bikers will supply immense development alternatives. To make many 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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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 information from a number of sources. The mountain bike market report covers the next areas:
- Mountain Bike Market Dimension
- Mountain Bike Market Traits
- Mountain Bike Market Trade Evaluation
This research identifies development within the growth of electrical mountain bikes as one of many prime causes driving the mountain bike market development through the subsequent few years.
Technavio suggests three forecast situations (optimistic, possible, and pessimistic) contemplating the influence of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis reviews.
Mountain Bike Market 2020-2024: Key Highlights
- CAGR of the market through the forecast interval 2020-2024
- Detailed info on components that can help mountain bike market development through the subsequent 5 years
- Estimation of the mountain bike market measurement and its contribution to the guardian market
- Predictions on upcoming traits and adjustments in client conduct
- The expansion of the mountain bike market
- Evaluation of the market’s aggressive panorama and detailed info 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
- 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 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 Traits
- Market drivers
- Quantity driver – Demand led development
- Quantity driver – Provide led development
- 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 traits
- Panorama disruption
- Distributors lined
- Market positioning of distributors
- Beistegui Hermanos SA
- Biking Sports activities Group Inc.
- Derby Cycle Holding GmbH
- Dorel Industries Inc.
- Large Manufacturing Co. Ltd.
- Merida Trade Co. Ltd.
- Pivot Cycle
- SCOTT Sports activities SA
- Trek Bicycle Corp.
- XDS Bikes
- Scope of the report
- Foreign money conversion charges for US$
- Analysis methodology
- Checklist of abbreviations
Technavio is a number one world know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and offers 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 reviews 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 firms. This rising shopper 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 situations.
CONTACT: Technavio Analysis
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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.