SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Mountain Bicycles – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1172
Companies: 36 – Players covered include Cannondale; Company six; Giant; Merida; Rocky Mountain Bicycles; Santa Cruz; Scott; Specialized; Trek; XDS Bikes and Others.
Coverage: All major geographies and key segments
Segments: Application (Competition, Leisure)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Mountain Bicycles Market to Reach $9.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Mountain Bicycles estimated at US$7.7 Billion in the year 2020, is projected to reach a revised size of US$9.6 Billion by 2026, growing at a CAGR of 3.8% over the analysis period. Competition, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$6.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Leisure segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $1.9 Billion by 2026
The Mountain Bicycles market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2026 trailing a CAGR of 6.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. More
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SOURCE Global Industry Analysts, Inc.