Mountain Bike Market Size, Share, and Industry Report [2031]
Mountain Bike Market Size, Share, and Industry Report [2031]
Segments - Mountain Bike Market 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
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| Report ID :CG-4261
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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
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Increasing global events for mountain biking competitions and great interest in trekking among the youth generation are key factors driving the market.
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Rising health-conscious population and their preference for physical fitness present another key driver of the market.
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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.
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Issues concerning the frequent or increasing occurrence of bike accidents, especially during the competition acts as a major challenge to the market expansion.
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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.
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Attributes |
Details |
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Report Title |
Mountain Bike Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
Frequently Asked Questions
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.
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.
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.
North America is likely to dominate the global mountain bike market during the forecast period.
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.
Table Of Content
1. Executive Summary2. 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 (000’ 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
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