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1.During Covid-19,the demand for mountain bikes is rising. The many individuals are focusing on fitness and health due to the pandemics.
2.The mountain bikes enable individuals to enjoy sports with social distance. Therefore, The high demand trend for mountain bikes continues till the forecast period and also due to this mountain bikes market will rapidly increase in upcoming years.
3.The carbon emissions have become a global issue. Due to the environmental concerns, So many industries are opting for eco-friendly mountain bikes.
4.The key players in the mountain bike market only target the audience from the sport sector and inability to meet a wide range of audience from different sectors was making the market restrained.
6.The future of the mountain bike market depends upon cost effectiveness. The low cost efficient models will attract the underdeveloped regions. And also, The expansion of the mountain market is essential in the future to experience steady flow of demand.
The mountain bike is a type of bicycle used for recreation purposes. The mountain bikes are flexible and suitable for off road races and it is durable transport that survives the toughest of terrain and mountain surfaces.
Mountain bikes are designed in a way to withstand severe friction when riding on steep surfaces. The mountain bikes come with a set of disk brakes. The large sturdy tyres of mountain bikes are long lasting and fitness enthusiasts highly prefer mountain bikes.
As the younger generations show great interest in trekking and recreational activities, teh demand for mountain bikes has continued to grow. The governments are concerned about speed and safety with the mountain bikes and these are becoming factors hindering the growth of the mountain bikes market.
The union cycliste internationale has adopted the strict regulations on mountain bikes, which may not exceed 250 watts and pedaling assistance is permitted only up to 25Kph.
In 2017,Approximately 90,000 mountain bikes were snapped by riders looking for battery powered assistance.
The Dirt Jumping Bikes are designed for popular adventures programmes conducted in North America and Europe.It is a summer sport that is conducted every year and competitors ride mountain bikes on muddy surfaces.
The Cross Country Bikes are designed for famous sports conducted in Europe.The sport requires riding a mountain bike on tough terrains in the countryside.
The Free Ride Bikes are designed for famous sports conducted in North America and Europe.The sports requires riding a mountain bike in long terrain trails.
The DownHill Bikes are designed for adventurous activities conducted in Europe,North America and Some parts of Asia-Pacific.
The major players in the market are Yamaha Motor, Pedego Electric Bikes, BH Bikes and Cube. The companies are expanding globally by launching new products with latest technologies.As the market was growing, The various players were entering into the market.
1.In February 2018, The Robert Bosch conducted eMTB challenge in five european countries such as Italy, Germany, France, Switzerland and Australia.
2.Ducati also entered into the mountain bike market and launched its Ducati MIG-RR electric bike by taking partnership with Thok e bikes. Ducati MIG-RR is an upgraded version of Thok’s current MIG line of mountain bikes.
3.The MIG-RR features a 250W shimano steps E8000 mid drive. The motor is capable of 70Nm i.e. 51.6ft-lbs of torque.
4.In march 2018,Trek Bikes had entered into the indian market with 34 Bike models across the road, mountain and hybrid categories.
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