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Global Mountain Bikes Market Growth: Rising Popularity of Carbon and Aluminum Alloy Bikes Fuels Expansion | Valuates Reports

The global mountain bikes market is experiencing significant growth, driven by the increasing popularity of carbon and aluminum alloy bikes. According to a report by Valuates Reports, the market was valued at USD 2.9 billion in 2022 and is projected to reach USD 3.9 billion by 2029, growing at a CAGR of 4.3%. This expansion is fueled by a rising interest in outdoor activities, health consciousness, and the demand for high-performance bicycles. Key factors contributing to this growth include technological advancements in bike materials, enhancing durability and reducing weight, as well as the expansion of mountain biking events and trails worldwide. The report also highlights the dominance of North America in the market due to its established biking culture and infrastructure, while the Asia Pacific region is expected to see rapid growth due to increasing disposable incomes and a burgeoning interest in cycling sports.

Read the Full PR Newswire Article at [ https://www.prnewswire.co.uk/news-releases/global-mountain-bikes-market-growth-rising-popularity-of-carbon-and-aluminum-alloy-bikes-fuels-expansion--valuates-reports-302317600.html ]