MOUNTAIN BIKE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The mountain bike market has witnessed steady growth over the past few decades. Mountain biking started as merely a niche segment but has established itself as one of the prominent categories in the cycling industry today. The demand for mountain bikes surged during the COVID-19 pandemic as people sought outdoor recreational activities that allowed for social distancing. Mountain biking provides adventure, exercise and a means to enjoy nature, hence attracting a wide consumer base across different age groups worldwide. Technological advancements in frames, suspension, and gears have made bikes accessible to various skill levels and ride purposes. Innovation continues to drive market interest along with rising health consciousness. Growing acceptance as a mainstream sport further aids the global mountain bike industry's expansion.
Market Dynamics:
The global mountain bike market is driven by increasing youth involvement in adventure sports and recreational cycling activities. Population growth, improving living standards, and disposable incomes in developing nations are fueling sales. Easy availability through multiple offline and online distribution channels has made mountain bikes more accessible. However, high initial costs and maintenance requirements restrain the market to a certain extent. Meanwhile, e-mountain bikes present lucrative opportunities with their ability to enhance riding experience and attract older audience. Ongoing R&D to develop lightweight frames and improve suspension performance also plays a role. The COVID-19 pandemic translated into strong demand as citizens embraced outdoor sports for fitness and leisure amid lockdowns.
Key features of the study:
- This report provides in-depth analysis of the global mountain bike market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global mountain bike market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Beistegui Hermanos SA, Cannondale, CUBE Bikes, Cycling Sports Group Inc., Dorel Industries Inc., Derby Cycle Holding GmbH, Giant Bicycles, GT Bicycles, Merida Industry Co. Ltd., Norco Bicycles, Pivot Cycles, SCOTT Sports, Santa Cruz Bicycles LLC, Trek Bicycle Corporation, and TRINX
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global mountain bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mountain bike market
Detailed Segmentation-
Detailed Segmentation-
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
