Mountain Bike Market Synopsis

Mountain Bike Market Size Was Valued at USD 10.1 Million in 2023, and is Projected to Reach USD 26.3 Million by 2032, Growing at a CAGR of 11.2% From 2024-2032.

A mountain bicycle which is also known as a mountain bike is basically for usage in off-road activities. It demonstrates higher endurance and optimal maneuverability in the sloppy grounds and it is ridden on the mountainous areas, where there are hard rocks, dull dirt, mud or grassy paths and high steeply slopes. The sale of mountain bikes has gradually increased in the past years as new entrants generate newer and superior products. Mountain biker tourism is also triggering growth of the economy in various emerging nations, across the world. Mountain biking means using bicycles for off road transport: bikers use trail roads or rugged landscape to get to certain place. This is one of the most environmentally sustainable industries, supplying safe, fun, and non-harmful modes of transport to the riders. Mountain bike tourism can also assist, and often is the most important factor, for the generation of income for the hosting community and the region as a whole.

• Mountain bikes are bicycles created with off-road capabilities that can traverse rough surfaces, including gravel and dirt roads, and other uneven surfaces. Thus, these mountain bikes are environment friendly, healthy, and sustainable transport options to the riders. It is very important to notice that modern mountain bikes have very sophisticated suspension systems in order to soften the shocks the bike is subjected to in off-road. They provide improved wear resistance and effectiveness on such terrains as rock and mountainous as well as areas with grass and steep gradients.
• Moreover, the segmentation of the mountain bikes has been discussed below: A few more facts about the mountain bikes market: Additionally, the mountain bikes market is also likely to grow soon due to many factors. This presupposes a shift towards cross-country tour competitions, an increasing tendency towards adventure tourism, the relative increase in fuel prices, higher yarn in disposable income in the developing world, and an expanding female ridership in mountain biking. Altogether, these factors should prove conducive to the development of the mountain bike market and will be discussed in further detail in the following sections.
• Mountain bikes are bicycles built specifically for off-road cycling and its use where normal bicycles cannot navigate through; including steep slopes, rocky terrains, sharp bends and other harsh surfaces, making them more robust than any ordinary bicycle. Thus, North America has the greatest market share in mountain bikes; it is also a manufacturing region for bikes as well as containing cross-country, dirt jumping, downhill and free riding events. Nonetheless, the growth of the industry has been somehow hampered by COVID-19 since it has led to a decrease in demand by closing production lines. Large companies with major market shares should help offset the gap, with new low-volume entrants involved at greater risk. After the lockdown, people preferred participation in cycling events as it has certain standards of social distancing and sanitization measures installed, which in turn boosted the sales of mountain bikes.

Mountain Bike Market Trend Analysis

Mountain biking tourism

• Mountain biking tourism which serves as a tool for driving economic growth remains a pivotal force in the growth of the market. Mountain biking mainly revolves around off-road bicycle trail and this usually involves the use of a bicycle to transport one from one place to another through rough terrains involving the use of gravel and dirt roads. This is an environmentally friendly line of business that provides people with heathfully engaging in recreation while the bike is considered to be a pollution-free means of transport for riders. The Mountain biking tourism is beneficial to the host community and the region by providing income that they would not have otherwise received. Mountain biking is done in different parts of the world, thus tourists are known to visit these parts of the world for this activity.  To this extent, the sport stimulates commerce within the host country and helps in the generation of income for many countries and it is eco-friendly.
• The arrival of more tourists leads to creation of employment opportunities through offering housing, meals, entertainment, local and travel guides, and bicycle renting services. Besides, the actions taken such as cleaning the environment by local authorities in the tourist attraction sites are facilitating its attraction of people. Other processes including opening of new trails, standard issue for kids learning methods of mountain biking, development of tricky methods of mountain biking for different purposes such as Free rides, Downhill trails, Pump track and jump parks promote the global mountain bike market during the period of forecast. Therefore, such factors are often considered as the driving forces which can stimulate the growth of the global market for mountain bikes in the period of the forecast.

Rising number of cross-country competitions and events

• The factor that has led to the growth of this market is the increasing frequency of international contests and other related activities. These activities entail the use of high-performance mountain bikes, which leads to the need for more enhanced and versatile products in the market. The increased levels of purchasing power and the number of customers within the developing nations added to the value of the market also throws credit to the increase in the demand for the premium mountain bikes. Furthermore, a relatively larger number of women engage in mountain biking, thereby creating need to offer mountain bike designed specifically for women.
• In addition, the use of advanced technologies, new product developments in the mountain bike industry help the growth like lightweight material, and advanced suspension systems. These have been developments that made overall performance as well as durability of mountain bikes a notch higher. It also becomes part of the developments in environmental consciousness that also embraced the need for ecological and efficient modes of transport. This in turn has resulted into shycted high demand to the environmental friendly mountain bikes that pose little impact on the ecosytem.

Mountain Bike Market Segment Analysis:

Mountain Bike Market Segmented based on Type, Application, and Distribution Channel.

By Type, Cross country mountain bike segment is expected to dominate the market during the forecast period

• Cross country mountain bike segment holds the largest market share in the year 2022 and is expected to dominate the cross country mountain bike segment throughout the forecast period. A special importance belongs to the cross-country mountain bikes as they play a crucial role in the development of the mountain bike market. Due to increased regional and international events and championships, the need for improved performance bicycles that traverse mountainous areas and steep inclines cannot be overemphasized. Cross-country mountain biking is a long-distance biking with minor drop and rise in elevation, and therefore can be considered as exercising endurance.
• Besides having appeal to professional riders, cross-country mountain bicycles are widely used by those who engage in long, tough and tiresome riding. That means taking up mountain biking as one of the activities for outdoor Fun, this will lead to the increased demand for cross-country bikes.

By Application, leisure segment held the largest share in 2023

• Out of the two given segments, it is apparent that the leisure segment dominated in 2023; however, it is projected to grow considerably over the course of the forecast period thanks to young people’s growing interest in trekking and recreational services across the globe. In this view, it is likely that this trend will persist as more consumers continue to look for healthy and sustainable recreation.
• However, the competition segment of mountain bike market is also expected to contribute a significant share of the market in the forecast period as well. This is as a result of the growing interest in mountain bike competitions together with events across the globe especially in the developed countries of the world such as in the European and the North American countries. The growth of cross country race and other related events means that people will demand high performance mountain bikes than ever before.

Mountain Bike Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is expected to dominate the mountain bike market for the duration of this particular forecast period due to several reasons. There is a great recreational culture and high consumer propensity to engage in such activities within the region and there are many maraton competitions of Mountain biking. Also, there seems to be some the best mountain biking destinations in the World because of the variation of mountains in Canada. Another key factor that also contribute to the North American market is the presence of large multinational riding within this region.
• North America contributes the largest market in terms of value of the global market as mountain bike adventure sport is quite popular, people of this region have a relatively higher per capita income, the mountain biking sporting body in its organized form is the National Collegiate Cycling Association, where large competition is evident such as the National Mountain Bike Series among others. The market is also growing through indirectly through media influence and the global embrace of tourism, plus the increased understanding of the health benefits associated with biking. 

Active Key Players in the Mountain Bike Market

• BH BIKES EUROPE SL
• Pivot Cycles EU GmbH
• Marin Mountain Bikes Inc.
• XDS Bike Co.
• Alta Cycling Group
• Grimaldi Industri AB
• Kona Bicycle Co.
• Rocky Mountain Bicycles
• Merida Industry Co. Ltd.
• Pending System GmbH & Co. KG
• LAPIERRE SA
• Giant Manufacturing Co. Ltd.
• Santa Cruz Bicycles LLC
• Guangzhou Trinity Cycles Co. Ltd.
• Trek Bicycle Corp
• Norco Bicycles, Pon Holdings BV
• Fuji Bikes
• Other Key Players

Key Industry Developments in the Mountain Bike Market:

• In April 2022, HIT—the UK-based manufacturer of electric bikes—extended its production capacity for e-bikes by developing a new assembly line at its Manchester factory, with an estimated sales capacity of 50,000 bicycles within three years. They seek to create high-end electric cycles and push bikes integrated with the IoT to their clients principally within the United Kingdom and the European Union.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Mountain Bike Market by Type
 4.1 Mountain Bike Market Snapshot and Growth Engine
 4.2 Mountain Bike Market Overview
 4.3 Cross Country Mountain Bike
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Cross Country Mountain Bike: Geographic Segmentation Analysis
 4.4 Downhill Mountain Bike
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Downhill Mountain Bike: Geographic Segmentation Analysis
 4.5 Freeride Mountain Bike
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Freeride Mountain Bike: Geographic Segmentation Analysis
 4.6 Dirt Jumping Mountain Bike
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Dirt Jumping Mountain Bike: Geographic Segmentation Analysis
 4.7 Trail Mountain Bikes
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Trail Mountain Bikes: Geographic Segmentation Analysis
 4.8 Others
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Others: Geographic Segmentation Analysis

Chapter 5: Mountain Bike Market by Application
 5.1 Mountain Bike Market Snapshot and Growth Engine
 5.2 Mountain Bike Market Overview
 5.3 Leisure
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Leisure: Geographic Segmentation Analysis
 5.4 Competition
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Competition: Geographic Segmentation Analysis

Chapter 6: Mountain Bike Market by Distribution Channel
 6.1 Mountain Bike Market Snapshot and Growth Engine
 6.2 Mountain Bike Market Overview
 6.3 Specialty Bicycle Retailers
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Specialty Bicycle Retailers: Geographic Segmentation Analysis
 6.4 Mass Merchants
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Mass Merchants: Geographic Segmentation Analysis
 6.5 Full-Line Sporting Goods Stores
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Full-Line Sporting Goods Stores: Geographic Segmentation Analysis
 6.6 Outdoor Specialty Stores
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Outdoor Specialty Stores: Geographic Segmentation Analysis
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Mountain Bike Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 BH BIKES EUROPE SL
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 PIVOT CYCLES EU GMBH
 7.4 MARIN MOUNTAIN BIKES INC
 7.5 XDS BIKE CO
 7.6 ALTA CYCLING GROUP
 7.7 GRIMALDI INDUSTRI AB
 7.8 KONA BICYCLE CO
 7.9 ROCKY MOUNTAIN BICYCLES
 7.10 MERIDA INDUSTRY CO LTD
 7.11 PENDING SYSTEM GMBH & CO KG
 7.12 LAPIERRE SA
 7.13 GIANT MANUFACTURING CO LTD
 7.14 SANTA CRUZ BICYCLES LLC
 7.15 GUANGZHOU TRINITY CYCLES CO LTD
 7.16 TREK BICYCLE CORP
 7.17 NORCO BICYCLES
 7.18 PON HOLDINGS BV
 7.19 FUJI BIKES
 7.20 OTHER KEY PLAYERS

Chapter 8: Global Mountain Bike Market By Region
 8.1 Overview
 8.2. North America Mountain Bike Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Type
   8.2.4.1 Cross Country Mountain Bike
   8.2.4.2 Downhill Mountain Bike
   8.2.4.3 Freeride Mountain Bike
   8.2.4.4 Dirt Jumping Mountain Bike
   8.2.4.5 Trail Mountain Bikes
   8.2.4.6 Others
  8.2.5 Historic and Forecasted Market Size By Application
   8.2.5.1 Leisure
   8.2.5.2 Competition
  8.2.6 Historic and Forecasted Market Size By Distribution Channel
   8.2.6.1 Specialty Bicycle Retailers
   8.2.6.2 Mass Merchants
   8.2.6.3 Full-Line Sporting Goods Stores
   8.2.6.4 Outdoor Specialty Stores
   8.2.6.5 Others
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Mountain Bike Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Type
   8.3.4.1 Cross Country Mountain Bike
   8.3.4.2 Downhill Mountain Bike
   8.3.4.3 Freeride Mountain Bike
   8.3.4.4 Dirt Jumping Mountain Bike
   8.3.4.5 Trail Mountain Bikes
   8.3.4.6 Others
  8.3.5 Historic and Forecasted Market Size By Application
   8.3.5.1 Leisure
   8.3.5.2 Competition
  8.3.6 Historic and Forecasted Market Size By Distribution Channel
   8.3.6.1 Specialty Bicycle Retailers
   8.3.6.2 Mass Merchants
   8.3.6.3 Full-Line Sporting Goods Stores
   8.3.6.4 Outdoor Specialty Stores
   8.3.6.5 Others
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Mountain Bike Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Type
   8.4.4.1 Cross Country Mountain Bike
   8.4.4.2 Downhill Mountain Bike
   8.4.4.3 Freeride Mountain Bike
   8.4.4.4 Dirt Jumping Mountain Bike
   8.4.4.5 Trail Mountain Bikes
   8.4.4.6 Others
  8.4.5 Historic and Forecasted Market Size By Application
   8.4.5.1 Leisure
   8.4.5.2 Competition
  8.4.6 Historic and Forecasted Market Size By Distribution Channel
   8.4.6.1 Specialty Bicycle Retailers
   8.4.6.2 Mass Merchants
   8.4.6.3 Full-Line Sporting Goods Stores
   8.4.6.4 Outdoor Specialty Stores
   8.4.6.5 Others
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Mountain Bike Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Type
   8.5.4.1 Cross Country Mountain Bike
   8.5.4.2 Downhill Mountain Bike
   8.5.4.3 Freeride Mountain Bike
   8.5.4.4 Dirt Jumping Mountain Bike
   8.5.4.5 Trail Mountain Bikes
   8.5.4.6 Others
  8.5.5 Historic and Forecasted Market Size By Application
   8.5.5.1 Leisure
   8.5.5.2 Competition
  8.5.6 Historic and Forecasted Market Size By Distribution Channel
   8.5.6.1 Specialty Bicycle Retailers
   8.5.6.2 Mass Merchants
   8.5.6.3 Full-Line Sporting Goods Stores
   8.5.6.4 Outdoor Specialty Stores
   8.5.6.5 Others
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Mountain Bike Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Type
   8.6.4.1 Cross Country Mountain Bike
   8.6.4.2 Downhill Mountain Bike
   8.6.4.3 Freeride Mountain Bike
   8.6.4.4 Dirt Jumping Mountain Bike
   8.6.4.5 Trail Mountain Bikes
   8.6.4.6 Others
  8.6.5 Historic and Forecasted Market Size By Application
   8.6.5.1 Leisure
   8.6.5.2 Competition
  8.6.6 Historic and Forecasted Market Size By Distribution Channel
   8.6.6.1 Specialty Bicycle Retailers
   8.6.6.2 Mass Merchants
   8.6.6.3 Full-Line Sporting Goods Stores
   8.6.6.4 Outdoor Specialty Stores
   8.6.6.5 Others
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Mountain Bike Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Type
   8.7.4.1 Cross Country Mountain Bike
   8.7.4.2 Downhill Mountain Bike
   8.7.4.3 Freeride Mountain Bike
   8.7.4.4 Dirt Jumping Mountain Bike
   8.7.4.5 Trail Mountain Bikes
   8.7.4.6 Others
  8.7.5 Historic and Forecasted Market Size By Application
   8.7.5.1 Leisure
   8.7.5.2 Competition
  8.7.6 Historic and Forecasted Market Size By Distribution Channel
   8.7.6.1 Specialty Bicycle Retailers
   8.7.6.2 Mass Merchants
   8.7.6.3 Full-Line Sporting Goods Stores
   8.7.6.4 Outdoor Specialty Stores
   8.7.6.5 Others
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research