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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

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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.

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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Protective gears - Market size and forecast 2021-2026
    • Mountain biking tools - Market size and forecast 2021-2026
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
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      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
      Interested in this report?
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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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      • Details on the market shares of various regions
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