Home
Consumer Goods
Sports, Fitness & Leisure
Mountain Bike Market Size, Share, and Industry Report [2031]

Mountain Bike Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Products (E-mountain Bikes and Standard Mountain Bikes), Types (Cross Country Bikes, Trail Mountain Bikes, Downhill Bikes, All Mountain Bikes, Dirt Jumping Bikes, Freeride Bikes, and Others), Applications (Leisure and Competition), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

CG-4261
4.8 Rating
156 Pages

Upcoming
61 Reviews

Author :

Debadatta Patel

Fact-checked by :

PARTHA PAUL

Editor :

Aman Singh

Report Description

The global mountain bike market size was valued at USD 9.27 Billion in 2022 and is expected to surpass USD 13.42 Billion by 2031, expanding at a CAGR of 4.2% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing national and international bike competitions as well as rising demand for bikes for recreational purposes.

A mountain bike or bicycle is primarily designed for use on mountain trails. It is also known as an off-road bike as it is widely suitable for use in rough terrain, loose dirt, and off-track areas of a mountain. Different types of bikes are available for different purposes and the prices of these bikes are varied in terms of designs, sizes, and performance capacities.

In general, these bikes have certain key features such as large wheels, high or full suspension, powerful brakes, large knobby tires, and a lower gear ratio for better performance in both climbing up and down steep grades.

With technological advancements, the bikes are more durable and offer high performance. Moreover, the wide introduction of highly continent bikes such as folding bikes and e-mountain bikes presents a key opportunity for expanding the market scope.

Mountain biking is vastly considered to be a great form of physical exercise that offer various health benefits in terms of improving heart function due to active cardio activity and handling obesity due to losing weight.As a result, the biking practice helps to prevent certain health risks such as stroke, heart attack, and other cardiovascular diseases.

The COVID-19 pandemic had adversely affected the overall production of mountain bikes due to the shortage of raw materials and sudden disruption in logistic and transport sectors, impacted by emergency lockdowns globally.

However, the pandemic brought a drastic change in people's lifestyles and perceptions of the importance of physical fitness and good health conditions, which can help to prevent virus infections. The rapid subsiding of COVID-19 cases across the globe opens up several opportunities for market growth in the coming years.

Mountain Bike Market Trends, Drivers, Restraints, and Opportunities

Increasing global events for mountain biking competitions and great interest in trekking among the youth generation are key factors driving the market.
Rising health-conscious population and their preference for physical fitness present another key driver of the market.
Wide popularity of e-mountain bikes and the rapid introduction of different e-mountain bikes suitable for different types of purposes are expected to boost the market during the forecast period.
Issues concerning the frequent or increasing occurrence of bike accidents, especially during the competition acts as a major challenge to the market expansion.
Rapid introduction of innovative and user-friendly products for bike riders as well as the rising expansion of the tourism industry are offering immense growth opportunities for the market.

Scope of Mountain Bike Market Report

The report on the global mountain bike market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Mountain Bike Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Products (E-mountain Bikes and Standard Mountain Bikes), Types (Cross Country Bikes, Trail Mountain Bikes, Downhill Bikes, All Mountain Bikes, Dirt Jumping Bikes, Freeride Bikes, and Others), and Applications (Leisure and Competition)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Giant Manufacturing Co. Ltd.; Trek Bicycle Corporation; Rocky Mountain Bicycles; XDS Bikes; Cannondale Bicycle Corporation; Scott Sports SA; Diamondback Bicycles; Company Six; Pivot Cycles; Trinx Bikes; and Xidesheng Bicycle Company

Mountain Bike Market Segment Insights

Products Segment Analysis

Based on products, the global mountain bike market is bifurcated into e-mountain bikes and standard mountain bikes. The e-mountain bikes segment is a fast-growing sector and the market of e-mountain bikes was worth more than USD 5.2 billion in 2021 owing to rising demand for products, impacted by growing awareness regarding environmental concerns among bike riders. Increasing events organized for electric mountain bikes competition globally further boost the segment.

Types Segment Analysis

On the basis of types, the market is segregated into cross country bikes, trail mountain bikes, downhill bikes, all mountain bikes, dirt jumping bikes, freeride bikes, and others.

The cross country bikes segment held a dominant market share in 2021 and is projected to register a considerable CAGR during the forecast period due to the wide popularity of the bike due to its suitability for long rides. The cross country bike has a strong endurance that is highly appropriate for using long durations through forests and other natural landscapes.

Applications Segment Analysis

Based on applications, the global mountain bike market is bifurcated into leisure and competition. The leisure segment is expected to expand at a robust growth rate during the forecast period owing to rising interest among the young generation worldwide in trekking and recreational activities.

On the other hand, the competition segment is anticipated to account for a large market share in the coming years due to increasing events of mountain ride competition worldwide, especially in developed regions such as Europe and North America.

Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America and Europe constituted a key share of the market in 2021 and the market in North America is projected to dominate the market during the projected period owing to the high spending on recreational activities and wide events of mountain biking competition in the region.

The region has a vast range of mountains and many of the finest mountain biking sites in the world are located in Canada. Moreover, the presence of key global players in the region is another key factor propelling the regional market.

Segments

The global mountain bike market has been segmented on the basis of

Products

E-mountain Bikes
Standard Mountain Bikes

Types

Cross Country Bikes
Trail Mountain Bikes
Downhill Bikes
All Mountain Bikes
Dirt Jumping Bikes
Freeride Bikes
Others

Applications

Leisure
Competition

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Giant Manufacturing Co. Ltd.
Trek Bicycle Corporation
Rocky Mountain Bicycles
XDS Bikes
Cannondale Bicycle Corporation
Scott Sports SA
Diamondback Bicycles
Company Six
Pivot Cycles
Trinx Bikes
Xidesheng Bicycle Company

Competitive Landscape

Key players competing in the global mountain bike market are Giant Manufacturing Co. Ltd.; Trek Bicycle Corporation; Rocky Mountain Bicycles; XDS Bikes; Cannondale Bicycle Corporation; Scott Sports SA; Diamondback Bicycles; Company Six; Pivot Cycles; Trinx Bikes; and Xidesheng Bicycle Company.

Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mountain Bike Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Mountain Bike Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Mountain Bike Market - Supply Chain
  4.5. Global Mountain Bike Market Forecast
     4.5.1. Mountain Bike Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Mountain Bike Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Mountain Bike Market Absolute $ Opportunity
5. Global Mountain Bike Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Mountain Bike Market Size and Volume Forecast by Types
     5.3.1. Cross Country Bikes
     5.3.2. Trail Mountain Bikes
     5.3.3. Downhill Bikes
     5.3.4. All Mountain Bikes
     5.3.5. Dirt Jumping Bikes
     5.3.6. Freeride Bikes
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Mountain Bike Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Mountain Bike Market Size and Volume Forecast by Applications
     6.3.1. Leisure
     6.3.2. Competition
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Mountain Bike Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Mountain Bike Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Mountain Bike Demand Share Forecast, 2019-2026
8. North America Mountain Bike Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Mountain Bike Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Mountain Bike Market Size and Volume Forecast by Types
     8.4.1. Cross Country Bikes
     8.4.2. Trail Mountain Bikes
     8.4.3. Downhill Bikes
     8.4.4. All Mountain Bikes
     8.4.5. Dirt Jumping Bikes
     8.4.6. Freeride Bikes
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Mountain Bike Market Size and Volume Forecast by Applications
     8.7.1. Leisure
     8.7.2. Competition
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Mountain Bike Demand Share Forecast, 2019-2026
9. Latin America Mountain Bike Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Mountain Bike Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Mountain Bike Market Size and Volume Forecast by Types
     9.4.1. Cross Country Bikes
     9.4.2. Trail Mountain Bikes
     9.4.3. Downhill Bikes
     9.4.4. All Mountain Bikes
     9.4.5. Dirt Jumping Bikes
     9.4.6. Freeride Bikes
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Mountain Bike Market Size and Volume Forecast by Applications
     9.7.1. Leisure
     9.7.2. Competition
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Mountain Bike Demand Share Forecast, 2019-2026
10. Europe Mountain Bike Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Mountain Bike Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Mountain Bike Market Size and Volume Forecast by Types
     10.4.1. Cross Country Bikes
     10.4.2. Trail Mountain Bikes
     10.4.3. Downhill Bikes
     10.4.4. All Mountain Bikes
     10.4.5. Dirt Jumping Bikes
     10.4.6. Freeride Bikes
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Mountain Bike Market Size and Volume Forecast by Applications
     10.7.1. Leisure
     10.7.2. Competition
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Mountain Bike Demand Share Forecast, 2019-2026
11. Asia Pacific Mountain Bike Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Mountain Bike Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Mountain Bike Market Size and Volume Forecast by Types
     11.4.1. Cross Country Bikes
     11.4.2. Trail Mountain Bikes
     11.4.3. Downhill Bikes
     11.4.4. All Mountain Bikes
     11.4.5. Dirt Jumping Bikes
     11.4.6. Freeride Bikes
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Mountain Bike Market Size and Volume Forecast by Applications
     11.7.1. Leisure
     11.7.2. Competition
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Mountain Bike Demand Share Forecast, 2019-2026
12. Middle East & Africa Mountain Bike Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Mountain Bike Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Mountain Bike Market Size and Volume Forecast by Types
     12.4.1. Cross Country Bikes
     12.4.2. Trail Mountain Bikes
     12.4.3. Downhill Bikes
     12.4.4. All Mountain Bikes
     12.4.5. Dirt Jumping Bikes
     12.4.6. Freeride Bikes
     12.4.7. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Mountain Bike Market Size and Volume Forecast by Applications
     12.7.1. Leisure
     12.7.2. Competition
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Mountain Bike Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Mountain Bike Market: Market Share Analysis
  13.2. Mountain Bike Distributors and Customers
  13.3. Mountain Bike Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Giant Manufacturing Co. Ltd.
     13.4.2. Trek Bicycle Corporation
     13.4.3. Rocky Mountain Bicycles
     13.4.4. XDS Bikes
     13.4.5. Cannondale Bicycle Corporation
     13.4.6. Scott Sports SA
     13.4.7. Diamondback Bicycles
     13.4.8. C

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By

FAQ Section

Some frequently asked questions about this report!

1. How much is the global mountain bike market worth?

The global mountain bike market size was valued at USD 9.27 Billion in 2022 and is expected to surpass USD 13.42 Billion by 2031.

2. What are the key drivers of the global mountain bike market?

The key drivers of the market include the increasing national and international bike competitions as well as rising demand for the bike for recreational purposes.

3. What was the value of the global e-mountain bike market in 2021?

The e-mountain bikes segment is a fast-growing sector and the market of e-mountain bikes was worth more than USD 5.2 billion in 2021.

4. Which region is likely to dominate the global mountain bike market during the forecast period?

North America is likely to dominate the global mountain bike market during the forecast period.

5. Who are the key players competing in the global mountain bike market?

The key players of the market are Giant Manufacturing Co. Ltd.; Trek Bicycle Corporation; Rocky Mountain Bicycles; XDS Bikes; Cannondale Bicycle Corporation; Scott Sports SA; Diamondback Bicycles; Company Six; Pivot Cycles; Trinx Bikes; and Xidesheng Bicycle Company.