Global Mountain Bike Market: Overview

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.

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.

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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.

However, posing a challenge to the market, on the other hand, is the frequent accidents which often deter prospective buyers.

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