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A mountain bike is a bicycle designed for activities such as off-roading and high-performance cycling. Mountain bikes are durable and can perform with enhanced durability in rough terrains and mountainous regions. Mountain bikes consist of suspension system either on the front or at the rear end. The suspension system has to be made from durable and high-quality material, which is capable of withstanding high amount of repetitive actions and severe shocks & loads. Mountain bikes most often use a set of disc brakes installed at both the wheels. These brakes are more powerful, providing instant braking action.Browse Full Report with TOC @
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Covid-19 Scenario Analysis
The global market for mountain bike is severely impacted by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
Thus, insufficiency in raw material supply is expected to hamper the production rate of mountain bikes, which negatively impact the market growth.
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The significant factors impacting the growth of global mountain bike market are increasing accidents in bike riding competitions and the economic development of the country is speed up due to the mountain biking competitions, which lead to the growth of the mountain biking tourism. However, only single use & riding skills and costly maintenance hampers the growth of global mountain bike market. On the other hand, robust technology and hike in sales of riding bikes will fuel demand in the global mountain bike market.
Increasing accidents in bike riding competitions
Increase in accidents during bike riding competitions has pushed the bicycle manufacturers to produce more durable and sturdy bikes. As mountain bikes are used in rough terrains and mountainous regions. Thus increasing demand of more sturdy and durable bikes, leads to the growth of global mountain bike in near future.
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The economic development of the country is speed up due to the mountain biking competitions
With the increasing competitions of mountain bikes, their demand has increased. Mountain bikes competitions leads to earn money and increases the demand of mountain bike market. Thus increasing competition leads to the economic development of the country and also leads to the growth of the mountain bikes market in near future.
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