Are you an adventure-seeking bike enthusiast? Do you want to experience the toughest of terrain, and the most rugged of mountainous surfaces? If so, the mountain bike is the perfect bike for you.
The mountain bike has become an increasingly popular form of recreation and transportation, due to its ability to survive the toughest of terrain. And as the popularity for bike racing sports continues to grow, so does the Mountain Bike Market.
Market Research Future reports that the global mountain bike market was estimated to be USD 3.7 billion in 2018, and is expected to reach USD 6.8 billion by 2025. This is a Compound Annual Growth Rate (CAGR) of 10%. The market is expected to witness significant growth over the forecast period due to the increasing demand for mountain bikes for recreational and professional purposes.
The market is segmented on the basis of bike type, frame material, wheel size, brake type, and geography. The mountain bike market is further segmented into full-suspension, hardtail, and rigid. The full-suspension mountain bike segment is projected to grow at the highest CAGR during the forecast period.
In terms of frame material, the market is segmented into aluminum alloy, carbon fiber, steel, and titanium. The aluminum alloy segment is projected to dominate the global mountain bike market.
In terms of wheel size, the market is segmented into 26 inch, 27.5 inch, and 29 inch. The 29 inch segment is projected to account for the largest share of the global mountain bike market.
The mountain bike market is segmented on the basis of brake type into hydraulic disc brakes, mechanical disc brakes, and rim brakes. The hydraulic disc brake segment is projected to dominate the global mountain bike market.
Geographically, the market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to account for the largest share of the global mountain bike market. Factors such as the increasing popularity of mountain bike racing, and the presence of leading mountain bike manufacturers in the region are expected to drive the growth of the mountain bike market.
The mountain bike market is expected to witness significant growth in the coming years, with increasing demand for mountain bikes for professional and recreational purposes. Therefore, if you are an adventure-seeking bike enthusiast, the mountain bike is the perfect bike for you.
With the increasing rate of bike racing sports and the rising demand for mountain bikes, Market Research Future projects that the global mountain bike market will reach USD 6.8 billion by 2025. So if you are looking for a bike that can take you to the toughest of terrains, the mountain bike is the bike for you.
Browse Detailed Summary of Research Report: https://www.marketresearchfuture.com/reports/mountain-bike-market-5165
