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The mountain bike market size is forecast to increase by USD 3.78 billion at a CAGR of 6.11% between 2024 and 2028. The mountain bike market is experiencing significant growth, driven by the burgeoning trend of mountain biking tourism as a catalyst for economic development. This sector's expansion is further fueled by the increasing popularity of electric mountain bikes. However, this market's progress is not without challenges. The rise in accidents, crashes, and associated injuries poses a substantial hindrance to its growth. Consequently, efforts are being made to mitigate these risks and ensure the safety of riders, thereby fostering a more sustainable and responsible growth trajectory for the mountain bike industry.
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Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Alta Cycling Group, BH BIKES Europe SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., and Youngone Corp.
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The mountain bike industry continues to gain traction among adventure seekers, with both regular mountain bikes and electric mountain bikes (eMTBs) offering unique riding experiences. The design of mountain bikes caters to off-road adventures, with large wheels, powerful brakes, and durability ensuring optimal performance capacities on rough terrain and off-track areas. Customer awareness regarding safety devices, such as helmets and protective gear, is increasingly important in the mountain bike market. eMTBs, with their pedaling power and engine support, provide an enhanced riding experience, making them popular among younger consumers. However, accidents, collisions, and injuries are inherent risks in mountain biking. Safety concerns are further compounded by trails surface flaws, weather conditions, and sunlight. New energy engines, like those in eMTBs, offer potential solutions to these challenges, improving safety and overall riding experience. Mountain biking tourism is a significant contributor to the industry's growth, with off-road adventure sports attracting a large and diverse consumer base. As the market evolves, it is essential to prioritize safety measures and continuously innovate to meet the evolving needs and expectations of consumers. Our researchers analyzed the market research and growth data with 2024 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Mountain biking tourism, which acts as a catalyst for economic development is a key factor driving the market. Mountain biking primarily focuses on off-road travel, where bikers ride on gravel, dirt roads, and uneven terrains to reach their destination. This is an environment-friendly industry that offers healthy recreation and a non-polluting sustainable mode of transport for riders. Mountain biking tourism helps to bring in revenue for the host community and region. People travel to various destinations around the world to experience mountain biking. The sport has a positive impact on local businesses and is a source of revenue generation for many countries, besides having a minimal impact on the environment.
The increase in the number of tourists helps in generating jobs and income, such as providing accommodation, food, leisure activities, local tourist guides, travel guides, and bike rentals. In addition, the efforts made by local governments to maintain tourist areas are attracting people. Various other projects, such as opening new trails, developing beginner-level trails for kids, and development of advanced trails for various purposes, such as free rides, downhill trails, pump tracks, and jump parks, act as a catalyst for the growth of the global mountain bike market during the forecast period. Hence, such factors act as a catalyst for the growth of the global mountain bike market during the forecast period.
The development of electric mountain bikes is an emerging market trend. Continuous advances in mountain bikes in terms of design and technology have led to the development of electric mountain bikes. Electric mountain bikes help riders amplify their pedaling power, which makes mountain biking less exhausting for them. It also helps compensate for the differences in performance as stronger riders can choose a lower level of engine support or can switch off the engine.
In the case of uphill riding, riders can choose a higher level of support from the engine to amplify the riding experience. Mountain bikes open up new sporting opportunities by aiding the riders to tackle new requirement profiles and different hardness levels, as electric bikes help ease the ride. Even though electric mountain bikes help enhance the experience of the rider, they are heavier than conventional mountain bikes, thereby making it difficult for the riders to manage the bike for long rides. Thus, technological advancements such as the development of electric mountain bikes will spur the growth of the global mountain bike market during the forecast period.
An increase in the number of accidents, crashes, and related injuries is the major challenge to global market growth. Mountain biking is a popular and exciting off-road adventure sport, which is witnessing an increase in the number of participants and competitions. During the ride, the riders travel through uneven terrain and are highly vulnerable to danger as they are unaware of surface irregularities on the trail.
Although various companies have developed safety equipment to enhance the safety of the bikers, they are still prone to both minor and major accidents as they are unaware of the terrain ahead. The riders are also prone to accidents because of natural phenomena such as sudden changes in the weather and lack of sunlight, which may result in serious fatalities and injuries. These high risks associated with the sport are negatively affecting the mountain bike market. This factor restricts enthusiasts from exploring new trails and new mountain areas, which, in turn, can affect mountain biking tourism and the revenue generated by mountain biking tourism. Such factors will hamper the demand for mountain bikes, which, in turn, will impede the growth of the global mountain bike market during the forecast period.
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In the dynamic and evolving market of bicycles, the mountain bike segment continues to gain significant traction. With a growing awareness towards environmentally friendly transportation, new energy engines are increasingly being integrated into mountain bikes. These engines can power e-mountain bikes, providing an extra boost for off-track adventures in off-road areas.
Heavyweight bikes, known for their durability and high performance, remain popular choices for mountain biking enthusiasts. However, the market also caters to those seeking a more lightweight and portable option with folding bikes.
The leisure segment shows significant growth during the forecast period. The global market for leisure is expected to grow at a steady pace during the forecast period because the sport is gaining popularity in both developed and developing economies. The other factors promoting biking tourism are an increase in disposable income, changes in the lifestyle of the individuals, and events and races held by various associations, which are expected to boost the growth of the market. The shift in trend from being a male dominant sport to a family sport will contribute significantly to the growing market for mountain bikes.
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The changes in lifestyle and increase in disposable income have led to an increase in revenue from mountain biking tourism. For instance, various government bodies in Australia are promoting mountain biking tourism because it provides opportunities for establishing new business units in this region, which helps in creating balanced growth in the market. Also, the increasing awareness of the health benefits of cycling will further increase the demand for mountain bikes. Thus, all the factors mentioned above will boost the growth of the global mountain bicycle market through the leisure segment during the forecast period.
The market caters to individuals seeking active cardio activities as part of their lifestyle to combat obesity and related health risks such as stroke and heart attack. Cross-country bikes, trail mountain bikes, and standard mountain bikes are popular choices for those interested in trekking and maintaining physical fitness. These bikes are effective on various terrains, including rough woodland tracks, single-track, smooth fire roads, and paved paths. The youth generation and health-conscious population are increasingly drawn to mountain biking as a means to stay active and enjoy the outdoors. However, bike accidents are a potential risk, highlighting the importance of safety measures. The tourism industry also benefits from mountain biking, with various types of bikes catering to different riding styles, such as downhill bikes, all mountain bikes, and dirt jumping bikes, offering diverse experiences for enthusiasts.
North America is estimated to contribute 34% during the forecast period.
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Technavio has covered key regions such as North America, Europe, APAC, South America, and the Middle East and Africa that will experience significant growth during the forecast period. North America is projected to grow by 2028. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Mountain biking is one of the favored off-road sports, which is gaining popularity across North America. Cross-country biking is gaining popularity in this region as the number of women and kids entering this sport is increasing steadily. This sport is shifting from a male dominant sport to a leisure activity pursued by women and children as the awareness regarding safety, fitness, ethics, and environmental protection is increasing. Canada has some of the best mountain biking trails in the world. There is a wide range of trails for both beginners and professionals across the country. The most prominent trails in Canada are in British Columbia, Alberta, Quebec, and Ontario. Tourism Association helps in bringing together communities, resorts, and industry operators in British Columbia to improve the overall mountain biking experience in the region. It also aims at pooling resources to make mountain biking accessible and sustainable. Thus, rising disposable income, increasing interest in mountain bike events, and the launch of technologically advanced mountain bikes will spur the growth of the regional mountain bike market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
Mountain biking is an exhilarating outdoor activity that has gained immense popularity worldwide. The mountain bike market is thriving, driven by the increasing number of adventure seekers and the continuous innovation in bike designs and technologies. Manufacturers are focusing on producing high-performance bikes with advanced features to cater to the diverse needs of mountain bikers. Key components like frames, suspension systems, brakes, and wheels are undergoing significant improvements to enhance the riding experience. Mountain bikes come in various types, including hardtail, full-suspension, and downhill bikes, each designed for specific terrains and riding styles.
Further, the full-suspension mountain bikes segment is expected to dominate the market due to their superior shock absorption capabilities and improved control on rough terrains. The market is also witnessing a trend towards electric mountain bikes, which offer the benefits of traditional bikes with the added convenience of electric power. This segment is expected to grow at a rapid pace due to the increasing demand for eco-friendly and convenient transportation options. In conclusion, the mountain bike market is poised for significant growth, driven by the rising popularity of mountain biking, continuous innovation, and the increasing demand for electric mountain bikes. Manufacturers are focusing on producing high-performance bikes with advanced features to cater to the diverse needs of mountain bikers.
For those seeking high performance and excellent controllability, highly continent bikes are an excellent choice. These bikes offer superior handling and maneuverability, making them ideal for mountainous terrains. Off-road biking is not just an adrenaline-pumping activity but also an effective form of physical exercise. Regular mountain biking can contribute to improved heart function and active cardio activity, making it a healthy and enjoyable hobby. As the market continues to expand, we can expect further innovations in mountain bike technology, including advancements in diesel and gasoline engines for off-road applications. Regardless of the specific type, mountain biking offers a unique and thrilling experience for riders of all levels.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.11% |
Market growth 2024-2028 |
USD 3.78 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.39 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Alta Cycling Group, BH BIKES Europe SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., and Youngone Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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