Key vendors to focus on product extensions through the forecast period
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global mountain biking equipment market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from mountain biking equipment sold to individual consumers across the globe in 2016.
This Technavio report, under the outdoor gear vertical, is based on the synthesis, analysis, and interpretation of information about the global mountain biking equipment market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for mountain biking equipment is characterized by the presence of multiple brands. Active vendors in the market offer competitive products available through both physical stores and online platforms. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions and technological innovations. Over the forecast period, key players are expected to extend their presence in potential growth countries.
“The rising inclination toward the adoption of outdoor activities by consumers is prompting vendors to address the need for outdoor recreational activities among consumer. Most adventure enthusiasts enjoy interacting with their friends, colleagues, or fellow outdoor recreation enthusiasts while out exploring and on rides. Yonder, a mobile application, allows its users to share their outdoor experiences with other adventure enthusiasts. The application acts as a social media platform for outdoor lovers, while being a suitable medium for them to share travel experiences such as hiking, camping, or biking,” says Brijesh Choubey, a lead analyst at Technavio for research on outdoor gear.
Top five vendors in the mountain biking equipment market space
Giant Bicycles
Giant Bicycles manufactures bicycles and operates as a subsidiary of Giant Manufacturing. The company’s broad range of offerings enables it to serve diversified end markets and offers it attractive long-term growth opportunities. It has more than 12,000 retail partners and sells its products in the US and other parts of the world.
Key products: Anthem Advanced, Anthem SX, Fathom, Stance, and Reign SX.
Schwinn
Schwinn operates as a sub-brand of Pacific Cycle, which is owned by the multinational company Dorel Industries. Schwinn is a subsidiary of Dorel Industries and, therefore, is supported by its parent company’s well-established business operations and distribution channels. Schwinn uses its own Smooth Ride Technology (SRT) in this line of bicycles as well as active suspension vibration dampening system to enhance smoothness and comfort to users.
Key products: Rocket 1, Rocket 2, Moab 4, Mesa Mens, and Frontier Womens.
SCOTT Sports
SCOTT Sports offers bicycles and motorsport, wintersport, and running products worldwide. The company also offers bikes and bike parts, apparel, helmets, men’s and women’s shoes, protection products, and others.
Key products: Spark RC, Scale, Genius, Scale Plus, and Aspect.
Specialized Bicycle Components
Specialized Bicycle Components, more commonly known as Specialized, manufactures bicycles, cycling apparel, and accessories. It also offers bike helmets, bike shoes, cycling clothing, mountain bike clothing, and cycling gloves. The company operates through dealers and retailers located worldwide. Its wide range of product offerings also allows the company to increase its market share and customer base.
Key products: Epic FSR, Era, Epic Hardtail, Jett, and Enduro.
Trek Bicycle
Trek Bicycle offers bicycles for men, women, and children. It operates as a subsidiary of Roth Distributing. The company is the first US brand that allows customers to order bikes directly from its website. Trek Bicycles operates as a subsidiary of Roth Distributing and uses the parent company’s well-established business operations and distribution channels to reach out to a larger customer base.
Key products: Farley 9.9, Remedy 9.8, Slash 9.8 29, and Top Fuel 9.8 SL.
Other prominent vendors in this market include Atlas Cycles, Bianchi Bicycles, Birmingham Small Arms Company (BSA), Boardman Bikes, Columbia Bicycles, Falcon Cycles, GT Bicycles, Hero Cycles, Jenson USA, K2 Sports, Raleigh, Redline Bicycles, and Seven Cycles.
A more detailed analysis is available in the Technavio report, Global Mountain Biking Equipment Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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