Share
Mountain Bike Market Size, Share, and Analysis, By Product Type (E-Mountain Bikes, Standard Mountain Bikes), By Type (Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, Dirt Jumping Bikes), By Application (Racing, Leisure) and Regional Forecasts, 2022-2032
Mountain Bike Market size was USD 8.32 billion in 2021 and projected to grow from USD 9.4 billion in 2023 to USD 16.1 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
Mountain bikes or mountain bicycles are specially designed for off-road cycling activities. Mountain bikes share a few similarities with several bicycles, but integrate characteristics designed to improve performance and durability in uneven terrains, which makes them heavier, less efficient and more complex on smooth surfaces. Precisely, additional rear suspension on trails are more difficult. Mountain bikes having 27.5-inch wheels are more advantageous for the smaller riders.
Mountain Bike Market is expected to reach USD 16.1 billion, growing at a CAGR of 6.2% during the forecast period owing to the increasing popularity of bicycle sports among triathletes globally and rising interest in outdoor activities. The market is also gaining from the surge in interest in cycling as a sustainable means of transportation in cities and the growing worries about on-road bike accidents. These factors are expected to boost the Mountain Bike Market over the forecast period.
Mountain Bike Market is classified based on the Type into Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, and Dirt Jumping Bikes. Cross Country Bikes segment held a major share of the market and is anticipated to continue during the forecast period. The most widely used and sold bicycles are cross country models. These bikes streamline longer rides through the extensive woodlands and nature trails. They are designed to have a robust endurance rather than to withstand high forces and hefty activities. Thus, riding these bikes through the extensive spans of natural environments requires precise control.
Mountain Bike Market is classified based on the Application into Racing and Leisure. The leisure category is anticipated to account for a major market share during the projected period. A wide range of customers, including people of all ages, levels of fitness, and riding prowess, make up the leisure category. It includes those who like the outdoors, families on outdoor holidays, and pleasure riders. Mountain bikes designed for recreational use usually focus on comfort, versatility, and durability, combining performance with user-friendliness.
Rising Awareness for Fitness-Associated Activities and Technological Improvements in Mountain Bicycles are Expected to Boost the Market Growth
People are inclined towards sports due to the awareness and importance of fitness-associated activities growing, which eventually raises the demand for electric mountain bikes. Moreover, the increased tourism activities and technological developments in bicycles are anticipated to fuel the global Mountain Bike Market. The rising popularity of outdoor leisure pursuits like trail riding, mountain biking, and adventure sports is driving the demand for these bicycles. Mountain biking has become more and more well-liked as a leisure sport as more individuals opt for active lifestyles and environmental exploration.
Increasing Expenditure for Mountain Biking by Several Economies is Expected to Boost the Market Growth
The global Mountain Bike Market is primarily driven by mountain biking contests, which are driving up mountain riding tours and the nations’ economic development. Bicycle manufacturers have been forced to create more robust and durable bikes due to increasing accidents in bike riding competitions, which ultimately drives market growth.
High Priced Mountain Bikes to Restrain the Market Growth
The cost of mountain bikes with cutting-edge features and technologies is high. Mountain bikes are expensive and hence out of reach for some potential buyers due to the cost of components, materials, and specialist designs. Access to adequate mountains, trails, or off-road areas is necessary for mountain biking. In some areas, the accessibility and availability of these terrains could be restricted, which would inhibit the growth of the Mountain Bike Market.
Mountain Bike Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is anticipated to dominate the market during the projected period owing to the high costs associated with leisure activities and the strong mountain biking competition in the region. The area has a wide variety of mounts, and most top mountain-riding locations on earth are based in Canada. The Mountain Bike Market in Asia-Pacific is anticipated to expand at the quickest CAGR during the forecasted period. Cycling is another common mode of transportation in growing Asian countries, which is fuelling the Asia-Pacific Mountain Bike Market.
The COVID-19 pandemic had a negative influence on mountain bike production overall due to lack of raw materials and an unexpected interruption in the logistic and transport sectors brought on by emergency lockdowns around the world. However, the pandemic brought a significant shift in people's attitudes toward the value of good health and physical fitness, which aided in the prevention of viral illnesses.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2022-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 6.2% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Product Type |
|
|
Type |
|
|
Application |
|
|
By Region |
|
. Mountain Bike Market size was estimated at USD 8.32 billion in 2021 and is expected to reach USD 16.1 billion in 2032.
Mountain bikes or mountain bicycles are specially designed for off-road cycling activities. Mountain bikes share a few similarities with several bicycles, but integrate characteristics designed to improve performance and durability in uneven terrains, which makes them heavier, less efficient and more complex on smooth surfaces.
Cross Country Bikes and Leisure segments accounted for the largest Mountain Bike Market share.
Key players: BOSCH, Shimano Inc., Trek Bicycle Corporation, Specialized, XDS Bikes, Dorel Sports, Cannondale, Santa Cruz Bicycles, BH Bikes, Pivot Cycles, Yeti Cycles, Scott Sports SA, Marin Bikes, Kona Bicycle Company, Diamondback Bicycles, and Other Prominent Players are the key players in the Mountain Bike Market.
Developments in E-Mountain bikes and growing consumer awareness for environment-friendly vehicles are the factors driving the Mountain Bike Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
