NEW
YORK, July 2, 2024 /PRNewswire/ -- The global
mountain bike market size is estimated to grow by USD 3.77 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 6.11% during the forecast period. Mountain biking tourism
acts as catalyst for economic development is driving market
growth, with a trend towards growth in development of
electric mountain bikes. However, increase in accidents,
crashes, and related injuries poses a challenge. Key market players
include 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..
![Technavio has announced its latest market research report titled Global mountain bike market 2024-2028 Technavio has announced its latest market research report titled Global mountain bike market 2024-2028](https://mma.prnewswire.com/media/2451900/Technavio_Global_mountain_bike_market_Infographic.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Leisure and
Competition), Type (Cross country bikes, All mountain bikes,
Downhill bikes, Freeride bikes, and Dirt jumping bikes), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
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.
|
Key Market Trends Fueling Growth
The mountain bike market is experiencing significant growth due
to the introduction of electric mountain bikes. These bikes enhance
the riding experience by amplifying pedaling power and providing
adjustable engine support for various performance levels. The shift
towards family-oriented mountain biking and increasing interest in
adventurous sports among the young generation further boosts
demand. However, regulatory restrictions on motor power and speed
limit the market growth. Despite these challenges, advancements in
technology and efforts to establish e-mountain biking as a standard
racing format continue to drive market expansion.
The mountain bike market is experiencing significant growth with
various trends shaping the industry. Consumers seek lightweight
bikes for improved performance and ease of use. Carbon fiber and
alloy frames are popular choices. Trails and mountainous terrains
call for robust components such as strong brakes, durable
suspension, and sturdy wheels. Fenders and pannier racks are
gaining traction among commuters and touring cyclists.
Additionally, electric mountain bikes are on the rise, offering
assistance for uphill climbs and extended rides. Overall, the
market is driven by innovation, functionality, and consumer demand
for versatile and high-performing mountain bikes.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Mountain biking, an exhilarating off-road sport, experiences
growth but faces challenges due to rider safety concerns.
Unpredictable terrains and natural phenomena increase accident
risks, leading to injuries and fatalities. Downhill riding poses
falls over handlebars, while uphill riding presents limited
visibility and mechanical failures. These risks negatively impact
the market, restricting exploration and tourism revenue, ultimately
hindering mountain bike demand and market expansion.
- The mountain bike market faces several challenges. Key
components like frames, brakes, and wheels require constant
innovation to meet consumer demands. Bikes must be durable and
lightweight, yet affordable. Regulations and safety standards add
complexity. Consumers seek customization, leading to a diverse
range of offerings. Supply chain management is crucial to keep up
with demand. Competition is fierce, with many brands vying for
market share. Costs, including research and development, marketing,
and production, must be managed carefully. The industry must also
adapt to changing consumer preferences and trends. Overall, the
mountain bike market presents both opportunities and challenges for
businesses.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This mountain bike market report extensively covers market
segmentation by
- End-user
- 1.1 Leisure
- 1.2 Competition
- Type
- 2.1 Cross country bikes
- 2.2 All mountain bikes
- 2.3 Downhill bikes
- 2.4 Freeride bikes
- 2.5 Dirt jumping bikes
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Leisure- Mountain bikes represent a significant
market segment in the cycling industry. With increasing health
consciousness and the trend towards eco-friendly transportation,
demand for mountain bikes continues to grow. Retailers stock a
variety of models catering to diverse terrains and skill levels.
Manufacturers invest in research and development to enhance bike
performance and durability. Distributors ensure timely delivery to
retailers, while marketing efforts focus on reaching potential
customers through various channels. Overall, the mountain bike
market is thriving, offering opportunities for all
stakeholders.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Motorcycle Exhaust System Market is witnessing
significant growth, driven by increasing demand for
high-performance and efficient exhaust systems. Factors such as
stringent emission regulations and the rising popularity of custom
motorcycles are propelling market expansion. Similarly, the global
Trike Market is on the rise, fueled by the growing preference for
three-wheeled motorcycles among enthusiasts and older riders
seeking stability and comfort. Innovations in design and technology
are further enhancing the appeal of trikes, making them a popular
choice in the recreational vehicle market. Both markets present
lucrative opportunities for industry players and investors.
Research Analysis
The mountain bike market encompasses the design, production, and
distribution of mountain bikes, electric mountain bikes, and other
off-road bicycles. Customer awareness and safety are paramount in
this industry, with a focus on performance capacities, large
wheels, and powerful brakes for optimal riding experience. Electric
mountain bikes offer pedaling power with engine support, enhancing
the off-road adventure sport experience. Trails may present surface
flaws and potential accidents or collisions, necessitating safety
devices and younger consumers' increased interest. Weather and
sunlight are crucial factors in mountain biking tourism, while new
energy engines and durability are essential considerations for
off-road biking on rough terrain and off-track areas.
Market Research Overview
The mountain bike market encompasses the production,
distribution, and sale of mountain bikes and related accessories.
These bikes are designed for off-road cycling, featuring sturdy
frames, robust components, and wide tires for optimal traction. The
market caters to various segments, including entry-level,
mid-range, and high-end mountain bikes, each with distinct features
and price points. Consumers seek mountain bikes for recreational
activities, competitive racing, and commuting in rugged terrain.
Key factors driving market growth include increasing health
consciousness, growing popularity of outdoor activities, and
technological advancements in bike design and materials.
Additionally, the market is witnessing a trend towards electric
mountain bikes, offering pedal-assist functionality for enhanced
riding experience.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Type
-
- Cross Country Bikes
- All Mountain Bikes
- Downhill Bikes
- Freeride Bikes
- Dirt Jumping Bikes
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio