Mountain Bike Market Size to Grow by USD 13,540.97 Million From 2022 to 2027: A Descriptive Analysis of Customer Landscape, Vendor Assessment, & Market Dynamics - Technavio

NEW YORK, Nov. 23, 2022 /PRNewswire/ -- Technavio categorizes the global mountain bike market as a part of the leisure products market, the parent market. The leisure products market covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The global mountain bike market size is estimated to increase by USD 13,540.97 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 5.4%.

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Global Mountain Bike Market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity

Global Mountain Bike Market – Vendor Analysis

Vendor Landscape - The mountain bike market is fragmented owing to the presence of a large number of global and regional vendors. A few prominent vendors that offer mountain bikes in the market are 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., and others.

Active vendors in the market offer competitive products available through physical stores and online platforms. International players are increasing their presence in the global mountain bike market with their developed infrastructure and research and development (R&D) support. However, regional vendors are finding it difficult to compete in terms of price and technology. Hence, the competitive environment is expected to increase due to an increase in product and service extensions, technological innovations, and mergers and acquisitions (M&A).

Vendor Offerings -

  • Alta Cycling Group: The company offers mountain bikes such as Release 5 C and Catch 2.
  • BH BIKES EUROPE SL: The company offers mountain bikes such as Lynx Race.
  • Fuji Bikes: The company offers mountain bikes such as Auric, Rakan, and Outland.
  • Giant Manufacturing Co. Ltd.: The company offers mountain bikes such as Trance XE and Stance E.
  • For details on vendors and their offerings – Buy report!

Global Mountain Bike Market - Segmentation Assessment

Geography Overview

By geography, the global mountain bike market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global mountain bike market.

  • North America held 34% of the mountain bike market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. Mountain biking is a popular off-road sport that is gaining popularity across North America. The awareness regarding safety, fitness, ethics, and environmental protection is also increasing its popularity. Thus, rising disposable income, increasing interest in mountain bike events, and the launch of technologically advanced mountain bikes will drive the growth of the regional mountain bike market during the forecast period.

Segment Overview

By end-user, the global mountain bike market is segmented into leisure and competition.

  • The market share growth of the leisure segment will be higher than the other segments during the forecast period. The sport is gaining popularity in developed as well as developing economies. The growth of this segment is attributed to various factors, such as an increase in disposable income, changes in lifestyles, the promotion of mountain biking tourism, and events and races held by associations.

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Global Mountain Bike Market – Market Dynamics

  • Impactful Driver - Mountain biking tourism is driving the growth of the market. People travel to various destinations globally to experience mountain biking. The sport is a source of revenue generation for many countries. In addition, efforts made by local governments are attracting tourists. Various other projects, such as opening new trails; developing beginner-level trails for kids; and development of advanced trails for various purposes, such as free rides, downhill trails, pump tracks, and jump parks, are driving the growth of the global mountain bike market during the forecast period.

  • Key Trend - The development of electric mountain bikes is the key trend in the market. Electric mountain bikes help riders amplify their pedaling power, which eases the mountain biking experience. Riders can choose a lower level of engine support or can switch off the engine. In the case of uphill riding, riders can choose a higher level of support from the engine to ease the riding experience. Thus, technological advances such as the development of electric mountain bikes will support the growth of the global mountain bike market during the forecast period.
     
  • Major Challenge - The increase in the number of accidents and crashes, and related injuries is a major challenge in the market. Riders traveling through uneven terrain are highly vulnerable to danger, as they are unaware of surface irregularities on the trail. Natural phenomena such as sudden changes in the weather and lack of sunlight may result in serious fatalities and injuries. These risks are negatively affecting the mountain bike market, which restricts enthusiasts from exploring new trails and mountain areas. This, in turn, can affect mountain biking tourism in terms of the revenue generated. Such factors will hamper the demand for mountain bikes, which will impede the growth of the global mountain bike market during the forecast period.

Drivers, Trends, & Challenges are the factors of market dynamics, which state about consequences & sustainability of businesses. Find few insights from a free sample 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 size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the mountain bike market across APAC, North America, Europe, Middle East and Africa, and South America
  • 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

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Related Reports:

  • The mountain biking equipment market is estimated to grow at a CAGR of 4.60% from 2021 to 2026. The size of the market is forecasted to increase by USD 3.99 billion. The market is segmented by product (protective gears and mountain biking tools) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
  • The carbon fiber market is estimated to grow at a CAGR of 7.4%. The size of the market is forecasted to increase by 2,754.14 thousand units. The market is segmented by application (manual bicycles and e-bikes) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

Mountain Bike Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historic period

2017-2021

Forecast Period

2023 -2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2023-2027

USD 13540.97 million

Market structure

Fragmented

YoY growth (%)

5.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing contribution

North America at 34%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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 & 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.

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

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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 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 4.6 Threat of rivalry 
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 4.7 Market condition 
    • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 27: Chart on Comparison by End-user
    • Exhibit 28: Data Table on Comparison by End-user
  • 5.3 Leisure - Market size and forecast 2022-2027
    • Exhibit 29: Chart on Leisure - Market size and forecast 2022-2027 ($ million)
    • Exhibit 30: Data Table on Leisure - Market size and forecast 2022-2027 ($ million)
    • Exhibit 31: Chart on Leisure - Year-over-year growth 2022-2027 (%)
    • Exhibit 32: Data Table on Leisure - Year-over-year growth 2022-2027 (%)
  • 5.4 Competition - Market size and forecast 2022-2027
    • Exhibit 33: Chart on Competition - Market size and forecast 2022-2027 ($ million)
    • Exhibit 34: Data Table on Competition - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Chart on Competition - Year-over-year growth 2022-2027 (%)
    • Exhibit 36: Data Table on Competition - Year-over-year growth 2022-2027 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 37: Market opportunity by End-user ($ million)

6 Market Segmentation by Type

  • 6.1 Market segments 
    • Exhibit 38: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 39: Data Table on Type - Market share 2022-2027 (%)
  • 6.2 Comparison by Type 
    • Exhibit 40: Chart on Comparison by Type
    • Exhibit 41: Data Table on Comparison by Type
  • 6.3 Cross country bikes - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Cross country bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Cross country bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Cross country bikes - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Cross country bikes - Year-over-year growth 2022-2027 (%)
  • 6.4 All mountain bikes - Market size and forecast 2022-2027
    • Exhibit 46: Chart on All mountain bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on All mountain bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on All mountain bikes - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on All mountain bikes - Year-over-year growth 2022-2027 (%)
  • 6.5 Downhill bikes - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Downhill bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 51: Data Table on Downhill bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Chart on Downhill bikes - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Downhill bikes - Year-over-year growth 2022-2027 (%)
  • 6.6 Freeride bikes - Market size and forecast 2022-2027
    • Exhibit 54: Chart on Freeride bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 55: Data Table on Freeride bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Chart on Freeride bikes - Year-over-year growth 2022-2027 (%)
    • Exhibit 57: Data Table on Freeride bikes - Year-over-year growth 2022-2027 (%)
  • 6.7 Dirt jumping bikes - Market size and forecast 2022-2027
    • Exhibit 58: Chart on Dirt jumping bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 59: Data Table on Dirt jumping bikes - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Chart on Dirt jumping bikes - Year-over-year growth 2022-2027 (%)
    • Exhibit 61: Data Table on Dirt jumping bikes - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by Type 
    • Exhibit 62: Market opportunity by Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 64: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 65: Data Table on Market share by geography 2022-2027 (%)
  • 8.2 Geographic comparison 
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 North America - Market size and forecast 2022-2027
    • Exhibit 68: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 71: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 8.4 Europe - Market size and forecast 2022-2027
    • Exhibit 72: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 73: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 75: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 8.5 APAC - Market size and forecast 2022-2027
    • Exhibit 76: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 77: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 79: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 8.6 South America - Market size and forecast 2022-2027
    • Exhibit 80: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 81: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 83: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 8.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 8.8 US - Market size and forecast 2022-2027
    • Exhibit 88: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 89: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 91: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 8.9 China - Market size and forecast 2022-2027
    • Exhibit 92: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 93: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 95: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 8.10 Germany - Market size and forecast 2022-2027
    • Exhibit 96: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 97: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 99: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 8.11 France - Market size and forecast 2022-2027
    • Exhibit 100: Chart on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 101: Data Table on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 103: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 8.12 UK - Market size and forecast 2022-2027
    • Exhibit 104: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 105: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 107: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape 
    • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption 
    • Exhibit 111: Overview on factors of disruption
  • 10.4 Industry risks 
    • Exhibit 112: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered 
    • Exhibit 113: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 114: Matrix on vendor position and classification
  • 11.3 Alta Cycling Group 
    • Exhibit 115: Alta Cycling Group - Overview
    • Exhibit 116: Alta Cycling Group - Product / Service
    • Exhibit 117: Alta Cycling Group - Key offerings
  • 11.4 BH BIKES EUROPE SL 
    • Exhibit 118: BH BIKES EUROPE SL - Overview
    • Exhibit 119: BH BIKES EUROPE SL - Product / Service
    • Exhibit 120: BH BIKES EUROPE SL - Key offerings
  • 11.5 Dorel Industries Inc. 
    • Exhibit 121: Dorel Industries Inc. - Overview
    • Exhibit 122: Dorel Industries Inc. - Business segments
    • Exhibit 123: Dorel Industries Inc. - Key offerings
    • Exhibit 124: Dorel Industries Inc. - Segment focus
  • 11.6 Fuji Bikes 
    • Exhibit 125: Fuji Bikes - Overview
    • Exhibit 126: Fuji Bikes - Product / Service
    • Exhibit 127: Fuji Bikes - Key offerings
  • 11.7 Giant Manufacturing Co. Ltd. 
    • Exhibit 128: Giant Manufacturing Co. Ltd. - Overview
    • Exhibit 129: Giant Manufacturing Co. Ltd. - Product / Service
    • Exhibit 130: Giant Manufacturing Co. Ltd. - Key offerings
  • 11.8 Grimaldi Industri AB 
    • Exhibit 131: Grimaldi Industri AB - Overview
    • Exhibit 132: Grimaldi Industri AB - Product / Service
    • Exhibit 133: Grimaldi Industri AB - Key offerings
  • 11.9 Guangzhou Trinity Cycles Co. Ltd. 
    • Exhibit 134: Guangzhou Trinity Cycles Co. Ltd. - Overview
    • Exhibit 135: Guangzhou Trinity Cycles Co. Ltd. - Product / Service
    • Exhibit 136: Guangzhou Trinity Cycles Co. Ltd. - Key offerings
  • 11.10 Kona Bicycle Co. 
    • Exhibit 137: Kona Bicycle Co. - Overview
    • Exhibit 138: Kona Bicycle Co. - Product / Service
    • Exhibit 139: Kona Bicycle Co. - Key offerings
  • 11.11 Merida Industry Co. Ltd. 
    • Exhibit 140: Merida Industry Co. Ltd. - Overview
    • Exhibit 141: Merida Industry Co. Ltd. - Business segments
    • Exhibit 142: Merida Industry Co. Ltd. - Key offerings
    • Exhibit 143: Merida Industry Co. Ltd. - Segment focus
  • 11.12 Pending System GmbH and Co. KG 
    • Exhibit 144: Pending System GmbH and Co. KG - Overview
    • Exhibit 145: Pending System GmbH and Co. KG - Product / Service
    • Exhibit 146: Pending System GmbH and Co. KG - Key offerings
  • 11.13 Pivot Cycles EU GmbH 
    • Exhibit 147: Pivot Cycles EU GmbH - Overview
    • Exhibit 148: Pivot Cycles EU GmbH - Product / Service
    • Exhibit 149: Pivot Cycles EU GmbH - Key offerings
  • 11.14 Pon Holdings BV 
    • Exhibit 150: Pon Holdings BV - Overview
    • Exhibit 151: Pon Holdings BV - Product / Service
    • Exhibit 152: Pon Holdings BV - Key offerings
  • 11.15 Trek Bicycle Corp. 
    • Exhibit 153: Trek Bicycle Corp. - Overview
    • Exhibit 154: Trek Bicycle Corp. - Product / Service
    • Exhibit 155: Trek Bicycle Corp. - Key offerings
  • 11.16 XDS Bike Co. 
    • Exhibit 156: XDS Bike Co. - Overview
    • Exhibit 157: XDS Bike Co. - Product / Service
    • Exhibit 158: XDS Bike Co. - Key offerings
  • 11.17 Youngone Corp. 
    • Exhibit 159: Youngone Corp. - Overview
    • Exhibit 160: Youngone Corp. - Product / Service
    • Exhibit 161: Youngone Corp. - Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 162: Inclusions checklist
    • Exhibit 163: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 164: Currency conversion rates for US$
  • 12.4 Research methodology 
    • Exhibit 165: Research methodology
    • Exhibit 166: Validation techniques employed for market sizing
    • Exhibit 167: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 168: List of abbreviations

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