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Mountain Biking Equipment Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72306
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The mountain biking equipment market share is expected to increase by USD 3.99 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.60%.

This mountain biking equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mountain biking equipment market segmentation by product (protective gears and mountain biking tools) and geography (North America, Europe, APAC, South America, and MEA). The mountain biking equipment market report also offers information on several market vendors, including Active Brands AS, Endura Ltd., EssilorLuxottica, Fox Racing Inc., Giant Manufacturing Co. Ltd., Safilo Group Spa, SCOTT Sports SA, Shimano Inc., Troy Lee Designs Inc., and Vista Outdoor Inc. among others.

What will the Mountain Biking Equipment Market Size be During the Forecast Period?

Mountain Biking Equipment Market Size

Download the Free Report Sample to Unlock the Mountain Biking Equipment Market Size for the Forecast Period and Other Important Statistics

 

Mountain Biking Equipment Market: Key Drivers and Challenges

The rising number of mountain bicycle clubs and events is notably driving the mountain biking equipment market growth, although factors such as risk management may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mountain biking equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mountain Biking Equipment Market Driver

One of the key factors driving the global mountain biking equipment market growth is the rising number of mountain bicycle clubs and events. Globally, there are 2,105 such groups with 1,074,892 members in 920 cities across 50 countries. Some of the largest meetups by sports bicycle groups and clubs are Hudson Valley Hikers and the Chicago Hiking Outdoors in the US, the Vancouver Hiking Meetup Group in Canada, and the Trailblazer in the UK, among many others. There has been a significant rise in the number of mountain biking events across the globe such as the Argus Mountain Bike (MTB) Challenge and the eight-day Absa Cape Epic race. In 2021, the organizers of the MTB challenge announced plans to limit the number of participants in the future to improve the quality of the race. The Nedbank Sani2c, with more than 4,000 participants, is one of the largest MTB races in the world. Such events will boost the demand for biking equipment, which will drive the growth of the market in focus during the forecast period.

Key Mountain Biking Equipment Market Challenge

One of the key challenges to the global mountain biking equipment market growth is the risk management on biking trails to minimize threats and losses from lawsuits. There are currently no international standards for mountain biking trail design. Thus, it is important to get an operator or public entity that is familiar with the requirements of mountain biking to plan and design a trail. For instance, the US Forest Service, the International Mountain Bicycling Association (IMBA), and the Forest Commission of Great Britain all offer publications related to mountain biking trail design and construction requisites. Furthermore, efficient management and maintenance of mountain biking trails is another challenge. Many lawsuits are a result of improper maintenance, hence making this one of the most important aspects of risk management. Such factors are expected to negatively impact the market growth during the forecast period.

This mountain biking equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Mountain Biking Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Active Brands AS
  • Endura Ltd.
  • EssilorLuxottica
  • Fox Racing Inc.
  • Giant Manufacturing Co. Ltd.
  • Safilo Group Spa
  • SCOTT Sports SA
  • Shimano Inc.
  • Troy Lee Designs Inc.
  • Vista Outdoor Inc.

This statistical study of the mountain biking equipment market encompasses successful business strategies deployed by the key vendors. The mountain biking equipment market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and product innovations to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mountain biking equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Mountain Biking Equipment Market?

Mountain Biking Equipment Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for mountain biking equipment in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The significant increase in outdoor recreational activities among the youth, especially those in the age group of 15-24 years, and the rise in consumer preference for mountain biking will facilitate the mountain biking equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Mountain Biking Equipment Market?

Mountain Biking Equipment Market Segmentation

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The mountain biking equipment market share growth by the protective gears segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for mountain bike protective gear owing to the rise in the participation rates in mountain biking. The influx of value-added and innovative mountain biking equipment will have a significant and positive impact on the growth of the market segment in the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mountain biking equipment market size and actionable market insights on post COVID-19 impact on each segment.

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Mountain Biking Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.60%

Market growth 2022-2026

$ 3.99 billion

Market structure

Fragmented

YoY growth (%)

4.34

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, UK, and Australia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Active Brands AS, Endura Ltd., EssilorLuxottica, Fox Racing Inc., Giant Manufacturing Co. Ltd., Safilo Group Spa, SCOTT Sports SA, Shimano Inc., Troy Lee Designs Inc., and Vista Outdoor Inc.

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 the forecast period

Customization purview

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What are the Key Data Covered in this Mountain Biking Equipment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive mountain biking equipment market growth during the next five years
  • Precise estimation of the mountain biking equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mountain biking equipment industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mountain biking equipment market vendors

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1. Executive Summary                         

               1.1 Market Overview

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 08:  Parent market

                              Exhibit 09:  Market characteristics

               2.2 Value chain analysis           

                              Exhibit 10: Value chain analysis: Leisure products

                              2.2.1 Inputs

                              2.2.2 Inbound logistics

                              2.2.3 Operations

                              2.2.4 Outbound logistics

                              2.2.5 Marketing and sales

                              2.2.6 Service

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:  Offerings of vendors included in the market definition

               3.2 Market size 2021 

               3.3 Market segment analysis  

                              Exhibit 12:  Market segments

               3.4 Market outlook: Forecast for 2021 - 2026 

                              3.4.1 Estimating growth rates for emerging and high-growth markets

                              3.4.2 Estimating growth rates for mature markets

                              3.4.3 Impact of COVID-19 on the market in focus

                              Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                              Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15:  Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 16: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20: Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition - Five forces 2021

5 Market Segmentation by Product               

               5.1 Market segments

                              Exhibit 22:  Product - Market share 2021-2026 (%)

               5.2 Comparison by Product    

                              Exhibit 23:  Comparison by Product

               5.3 Protective gears - Market size and forecast 2021-2026        

                              Exhibit 24:  Protective gears - Market size and forecast 2021-2026 ($ million)

                              Exhibit 25:  Protective gears - Year-over-year growth 2021-2026 (%)

               5.4 Mountain biking tools - Market size and forecast 2021-2026            

                              Exhibit 26:  Mountain biking tools - Market size and forecast 2021-2026 ($ million)

                              Exhibit 27:  Mountain biking tools - Year-over-year growth 2021-2026 (%)

               5.5 Market opportunity by Product     

                              Exhibit 28:  Market opportunity by Product

6. Customer landscape                        

               6.1 Overview

                              Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 29: ?Customer landscape?

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              Exhibit 30:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 31: Geographic comparison

               7.3 North America - Market size and forecast 2021-2026          

                              Exhibit 32:  North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 33:  Popular mountain biking destinations in North America

                              Exhibit 34:  North America - Year-over-year growth 2021-2026 (%)

               7.4 Europe - Market size and forecast 2021-2026         

                              Exhibit 35:   Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 36:  Popular mountain biking destinations in Europe

                              Exhibit 37:  Europe - Year-over-year growth 2021-2026 (%)

               7.5 APAC - Market size and forecast 2021-2026             

                              Exhibit 38:   APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 39:  Popular mountain biking destinations in APAC

                              Exhibit 40:  APAC - Year-over-year growth 2021-2026 (%)

               7.6 South America - Market size and forecast 2021-2026          

                              Exhibit 41:   South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 42:  South America - Year-over-year growth 2021-2026 (%)

               7.7 MEA - Market size and forecast 2021-2026              

                              Exhibit 43:   MEA - Market size and forecast 2021-2026 ($ million)

                              Exhibit 44:  MEA - Year-over-year growth 2021-2026 (%)

               7.8 Key leading countries        

                              Exhibit 45:  Key leading countries

               7.9 Market opportunity by geography

                              Exhibit 46: Market opportunity by geography

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1 Rising number of mountain bicycle clubs and events

                              8.1.2 Rise in government initiatives promoting cycling

                              8.1.3 Growing prominence of biking as an outdoor recreational activity demand for convenience in pharmaceutical packaging

               8.2 Market challenges              

                              8.2.1 Risk management

                              8.2.2 Unfavorable weather conditions

                              8.2.3 Rising prices of raw materials

                              Exhibit 47:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1 Rising prominence of online sales

                              8.3.2 Growing popularity of eco-friendly bikes

                              8.3.3 Introduction of trails in parks

9. Vendor Landscape                            

               9.1 Overview

                              Exhibit 48: Vendor landscape

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

               9.2 Landscape disruption         

                              Exhibit 49: ?Landscape disruption?

                              Exhibit 50: Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 51: Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 52: ?Market positioning of vendors?

               10.3 Active Brands AS              

                              Exhibit 53:  Active Brands AS - Overview

                              Exhibit 54:  Active Brands AS - Product and service

                              Exhibit 55:  Active Brands AS - Key offerings

               10.4 Endura Ltd.         

                              Exhibit 56:  Endura Ltd. - Overview

                              Exhibit 57:  Endura Ltd. - Product and service

                              Exhibit 58:  Endura Ltd. - Key offerings

               10.5 EssilorLuxottica  

                              Exhibit 59:  EssilorLuxottica - Overview

                              Exhibit 60:  EssilorLuxottica - Business segments

                              Exhibit 61:  EssilorLuxottica - Key offerings

                              Exhibit 62:  EssilorLuxottica - Segment focus

               10.6 Fox Racing Inc.   

                              Exhibit 63:  Fox Racing Inc. - Overview

                              Exhibit 64:  Fox Racing Inc. - Product and service

                              Exhibit 65:  Fox Racing Inc. - Key offerings

               10.7 Giant Manufacturing Co. Ltd.      

                              Exhibit 66:  Giant Manufacturing Co. Ltd. - Overview

                              Exhibit 67:  Giant Manufacturing Co. Ltd. - Product and service

                              Exhibit 68:  Giant Manufacturing Co. Ltd. - Key offerings

               10.8 Safilo Group Spa

                              Exhibit 69:  Safilo Group Spa - Overview

                              Exhibit 70:  Safilo Group Spa - Business segments

                              Exhibit 71:  Safilo Group Spa - Key offerings

                              Exhibit 72:  Safilo Group Spa - Segment focus

               10.9 SCOTT Sports SA

                              Exhibit 73:  SCOTT Sports SA - Overview

                              Exhibit 74:  SCOTT Sports SA - Product and service

                              Exhibit 75:  SCOTT Sports SA - Key offerings

               10.10 Shimano Inc.    

                              Exhibit 76:  Shimano Inc. - Overview

                              Exhibit 77:  Shimano Inc. - Business segments

                              Exhibit 78:  Shimano Inc. - Key offerings

                              Exhibit 79:  Shimano Inc. - Segment focus

               10.11 Troy Lee Designs Inc.    

                              Exhibit 80:  Troy Lee Designs Inc. - Overview

                              Exhibit 81:  Troy Lee Designs Inc. - Product and service

                              Exhibit 82:  Troy Lee Designs Inc. - Key offerings

               10.12 Vista Outdoor Inc.         

                              Exhibit 83:  Vista Outdoor Inc. - Overview

                              Exhibit 84:  Vista Outdoor Inc. - Business segments

                              Exhibit 85:  Vista Outdoor Inc. - Key offerings

                              Exhibit 86:  Vista Outdoor Inc. - Segment focus

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 ????Market definition

                              11.1.2 ????Objectives

                              11.1.3 Notes and Caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 87: ?Currency conversion rates for US$?

               11.3 Research Methodology   

                              Exhibit 88: ?Research Methodology

                              Exhibit 89: ??Validation techniques employed for market sizing?

                              Exhibit 90: ??Information sources

               11.4 List of abbreviations        

                              Exhibit 91: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Mountain Biking Equipment market growth will increase by $3998.65 million during 2021-2026.
The mountain biking equipment market is expected to grow at a CAGR of 4.60% during 2021-2026.
Technavio has segmented the mountain biking equipment market by product (Protective gears and Mountain biking tools) and geographic (North America, Europe, APAC, South America, and MEA).
Active Brands AS, Endura Ltd., EssilorLuxottica, Fox Racing Inc., Giant Manufacturing Co. Ltd., Safilo Group Spa, SCOTT Sports SA, Shimano Inc., Troy Lee Designs Inc., Vista Outdoor Inc. are a few of the key vendors in the mountain biking equipment market.
North America will register the highest growth rate of 40.39% among the other regions. Therefore, the mountain biking equipment market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the mountain biking equipment market growth are:
  • Rising number of mountain bicycle clubs and events
The mountain biking equipment market vendors should focus on grabbing business opportunities from the protective gears segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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