The publisher brings years of research experience to the 5th edition of this report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Mountain Bike Market to Reach 78.5 Million Units by 2027
Amid the COVID-19 crisis, the global market for Mountain Bike estimated at 44.2 Million Units in the year 2020, is projected to reach a revised size of 78.5 Million Units by 2027, growing at a CAGR of 8.6% over the period 2020-2027.
Leisure, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach 50 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Competition segment is readjusted to a revised 7% CAGR for the next 7-year period.
The U.S. Market is Estimated at 11.9 Million Units, While China is Forecast to Grow at 11.6% CAGR
The Mountain Bike market in the U.S. is estimated at 11.9 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 16.5 Million Units by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.
Competitors identified in this market include, among others:
Cannondale Bicycle Corporation
CUBE Bikes UK Ltd.
Giant Bicycle, Inc.
Merida Industry Co., Ltd.
Rocky Mountain Bicycles
Santa Cruz Bicycles LLC
SCOTT Sports SA
Trek Bicycle Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Mountain Bike Competitor Market Share Scenario Worldwide (in %): 2019 & 2025