Mountain Bike Market to grow at a CAGR of 5.4% from 2022 to 2027, Driven by mountain biking tourism - Technavio

NEW YORK, March 31, 2023 /PRNewswire/ -- The mountain bike market is estimated to grow by USD 13,540.97 million from 2022 to 2027. The growth momentum will progress at a CAGR of 5.4% during the forecast period. The market is segmented by end-user (leisure and competition), type (cross-country bikes, all mountain bikes, downhill bikes, freeride bikes, and dirt jumping bikes), and geography (APAC, North America, Europe, Middle East,  Africa, and South America). The market share growth of the leisure segment is significant for the mountain bike market growth during the forecast period. The market for leisure is expected to grow at a steady pace during the forecast period. This is because the sport is gaining popularity in both developed and developing economies. Other factors such as an increase in disposable income, changes in the lifestyle of the individuals, and events and races held by various associations are expected to boost the growth of the market. Mountain biking tourism acts as a catalyst for economic development. This is a key factor driving the market. Mountain biking primarily includes off-road travel, where bikers ride on gravel, dirt roads, and uneven terrains to reach their destination. It is environment-friendly, a healthy recreational activity, and a non-polluting sustainable mode of transport. Mountain biking tourism also helps bring in revenue for the host community and region. Discover some insights on market size historic period (2017 to 2021) and Forecast market data (2023-2027) before buying the full report - Request a sample report 

Mountain Bike Market Insights -

• Vendors: 15+, 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. among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

To understand more about the mountain bike market, request a sample report

Mountain bike market - Vendor Insights

The mountain bike market is fragmented owing to the presence of a large number of global and regional vendors. Active vendors in the market offer competitive products available through both physical stores and online platforms. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions and technological innovations. 

Mountain Bike Market – Market Dynamics

Major Trends - 

The development of electric mountain bikes fuels the global mountain bike market growth. The growth is due to factors such as the advances in mountain bikes in terms of design and technology. Electric mountain bikes help riders amplify their pedaling power. This makes mountain biking less exhausting and 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 case of uphill riding, riders can choose a higher level of support from the engine to amplify the riding experience. Therefore, technological advancements such as the development of electric mountain bikes will spur the growth of the global mountain bike market during the forecast period.

Key challenges -

The rise in the number of accidents and crashes and related injuries is the major challenge to the global mountain bicycle market growth. Mountain biking is a popular off-road adventure sport. It is witnessing an increase in the number of participants and competitions. Riders travel through uneven terrain and are highly vulnerable to danger, as they are unaware of surface irregularities on the trail during the ride. Though various companies have developed safety equipment to enhance safety, bikers are still prone to both minor and major accidents, as they are unaware of the terrain ahead. Hence, factors such as accidents and crashes will impede the growth of the global mountain bike market during the forecast period.

Drivers and challenges have an impact on market dynamics, which can impact
businesses. Find some insights from a sample report!

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market

Grow your profit margin with Technavio - Buy the Report

What are the key data covered in this Mountain Bike Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the mountain bike market between 2023 and 2027
• Precise estimation of the size of the mountain bike market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the mountain bike market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of mountain bike market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The carbon fiber bike market is projected to grow by 2,754.14 thousand units with a CAGR of 7.4% during the forecast period 2021 to 2026. The rising demand for carbon fiber frames is notably driving the carbon fiber bike market growth. 

The balance bike market size is expected to increase to USD 898.35 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%. A key factor driving growth in the balance bike market is the health, environmental, and economic benefits of cycling.

Browse for Technavio Consumer Discretionary market reports   

Table of Contents 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global mountain bike market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global mountain bike market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Leisure - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Leisure - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Leisure - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Leisure - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Leisure - Year-over-year growth 2022-2027 (%)

• 6.4 Competition - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Competition - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Competition - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Competition - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Competition - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Cross country bikes - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Cross country bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Cross country bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Cross country bikes - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Cross country bikes - Year-over-year growth 2022-2027 (%)

• 7.4 All mountain bikes - Market size and forecast 2022-2027 
• Exhibit 51: Chart on All mountain bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on All mountain bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on All mountain bikes - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on All mountain bikes - Year-over-year growth 2022-2027 (%)

• 7.5 Downhill bikes - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Downhill bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Downhill bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Downhill bikes - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Downhill bikes - Year-over-year growth 2022-2027 (%)

• 7.6 Freeride bikes - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Freeride bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Freeride bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Freeride bikes - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Freeride bikes - Year-over-year growth 2022-2027 (%)

• 7.7 Dirt jumping bikes - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Dirt jumping bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Dirt jumping bikes - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Dirt jumping bikes - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Dirt jumping bikes - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Alta Cycling Group
• Exhibit 120: Alta Cycling Group - Overview
• Exhibit 121: Alta Cycling Group - Product / Service
• Exhibit 122: Alta Cycling Group - Key offerings

• 12.4 BH BIKES EUROPE SL
• Exhibit 123: BH BIKES EUROPE SL - Overview
• Exhibit 124: BH BIKES EUROPE SL - Product / Service
• Exhibit 125: BH BIKES EUROPE SL - Key offerings

• 12.5 Dorel Industries Inc. 
• Exhibit 126: Dorel Industries Inc. - Overview
• Exhibit 127: Dorel Industries Inc. - Business segments
• Exhibit 128: Dorel Industries Inc. - Key offerings
• Exhibit 129: Dorel Industries Inc. - Segment focus

• 12.6 Fuji Bikes
• Exhibit 130: Fuji Bikes - Overview
• Exhibit 131: Fuji Bikes - Product / Service
• Exhibit 132: Fuji Bikes - Key offerings

• 12.7 Giant Manufacturing Co. Ltd. 
• Exhibit 133: Giant Manufacturing Co. Ltd. - Overview
• Exhibit 134: Giant Manufacturing Co. Ltd. - Product / Service
• Exhibit 135: Giant Manufacturing Co. Ltd. - Key offerings

• 12.8 Grimaldi Industri AB
• Exhibit 136: Grimaldi Industri AB - Overview
• Exhibit 137: Grimaldi Industri AB - Product / Service
• Exhibit 138: Grimaldi Industri AB - Key offerings

• 12.9 Guangzhou Trinity Cycles Co. Ltd. 
• Exhibit 139: Guangzhou Trinity Cycles Co. Ltd. - Overview
• Exhibit 140: Guangzhou Trinity Cycles Co. Ltd. - Product / Service
• Exhibit 141: Guangzhou Trinity Cycles Co. Ltd. - Key offerings

• 12.10 Kona Bicycle Co.
• Exhibit 142: Kona Bicycle Co. - Overview
• Exhibit 143: Kona Bicycle Co. - Product / Service
• Exhibit 144: Kona Bicycle Co. - Key offerings

• 12.11 Merida Industry Co. Ltd. 
• Exhibit 145: Merida Industry Co. Ltd. - Overview
• Exhibit 146: Merida Industry Co. Ltd. - Business segments
• Exhibit 147: Merida Industry Co. Ltd. - Key offerings
• Exhibit 148: Merida Industry Co. Ltd. - Segment focus

• 12.12 Pending System GmbH and Co. KG 
• Exhibit 149: Pending System GmbH and Co. KG - Overview
• Exhibit 150: Pending System GmbH and Co. KG - Product / Service
• Exhibit 151: Pending System GmbH and Co. KG - Key offerings

• 12.13 Pivot Cycles EU GmbH
• Exhibit 152: Pivot Cycles EU GmbH - Overview
• Exhibit 153: Pivot Cycles EU GmbH - Product / Service
• Exhibit 154: Pivot Cycles EU GmbH - Key offerings

• 12.14 Pon Holdings BV
• Exhibit 155: Pon Holdings BV - Overview
• Exhibit 156: Pon Holdings BV - Product / Service
• Exhibit 157: Pon Holdings BV - Key offerings

• 12.15 Trek Bicycle Corp.
• Exhibit 158: Trek Bicycle Corp. - Overview
• Exhibit 159: Trek Bicycle Corp. - Product / Service
• Exhibit 160: Trek Bicycle Corp. - Key offerings

• 12.16 XDS Bike Co.
• Exhibit 161: XDS Bike Co. - Overview
• Exhibit 162: XDS Bike Co. - Product / Service
• Exhibit 163: XDS Bike Co. - Key offerings

• 12.17 Youngone Corp.
• Exhibit 164: Youngone Corp. - Overview
• Exhibit 165: Youngone Corp. - Product / Service
• Exhibit 166: Youngone Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Infiniti Research, Inc.