Mountain Bikes Market Size To Grow By USD 13,540.97 Million From 2022 To 2027: A Descriptive Analysis Of Customer Landscape, Vendor Assessment And Market Dynamics

NEW YORK, Nov. 23, 2022 /PRNewswire/ — Technavio classifies the global mountain bike market as part of the leisure products market, the main 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 the size is estimated to increase by USD 13,540.97 million from 2022 to 2027. Market growth momentum will accelerate to CAGR or 5.4%.

Technavio has announced its latest market research report titled Global Mountain Bike Market 2023-2027

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Global mountain bike market ClientLandscape

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

Global mountain bike market – Vendor analysis

Seller overview – The mountain bike market is fragmented due to the presence of a large number of global and regional suppliers. Some major suppliers offering 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.

Vendors active in the marketplace 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 suppliers are finding it difficult to compete on price and technology. Thus, the competitive environment is expected to increase due to an increase in product and service extensions, technological innovations, and mergers and acquisitions (M&A).

Supplier offers –

  • High Cycling Group: The company offers mountain bikes such as Release 5 C and Catch 2.

  • BIKE BIKE EUROPE SL: The company offers mountain bikes such as the Lynx Race.

  • Fuji bikes: The company offers mountain bikes such as Auric, Rakan and Outland.

  • Giant Production Company Ltd: The company offers mountain bikes such as the Trance XE and Stance E.

  • For details on sellers and their offers – Buy report!

Global mountain bike marketSegmentation assessment

Geography overview

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

  • North America hero 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 around the world North America. Awareness of safety, fitness, ethics and environmental protection is also increasing its popularity. Thus, rising disposable income, growing interest in mountain bike events, and the rollout 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 in free time and in competition.

  • The growth of the market share of the leisure segment will be higher than other segments during the forecast period. Sport is gaining popularity in developed and developing economies. The growth of this segment is attributed to various factors, such as the increase in disposable income, the change in lifestyles, the promotion of mountain bike tourism, the events and competitions organized by the associations.

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Global mountain bike market – Market dynamics

  • Big Impact Drivers – Mountain bike tourism is driving the growth of the market. People travel to various destinations around the world to try out mountain biking. Sport is a source of revenue generation for many countries. Also, the efforts made by local governments are attracting tourists. Various other projects, such as opening new trails; development of beginner trails for children; and the development of advanced trails for various purposes, such as free trails, downhill trails, pump trails, 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 shut the engine down. When riding uphill, riders can choose a higher level of motor support to ease the riding experience. Therefore, technological advancements such as the development of electric mountain bikes will underpin the growth of the global mountain bike market during the forecast period.

  • Big challenge – The increase in the number of accidents and related accidents and injuries is a major challenge in the market. Riders traveling over rough terrain are very vulnerable to danger, as they are unaware of the surface irregularities on the trail. Natural phenomena such as sudden changes in weather and lack of sunlight can cause serious fatalities and injuries. These risks are negatively affecting the mountain bike market, which prevents enthusiasts from exploring new trails and mountain areas. This, in turn, can affect mountain bike tourism in terms of revenue generated. Such factors will hamper the demand for mountain bikes, which will hamper the growth of the global mountain bike market during the forecast period.

Drivers, trends and challenges are the factors of market dynamics, which indicate the consequences and the sustainability of businesses. Find some insights from a free sample report!

What are the key data covered in this Mountain Bikes Market Report?

  • Market CAGR during the forecast period

  • Detailed information on the factors that will drive the growth of the mountain bike market between 2023 and 2027

  • Precise estimation of the market size of mountain bikes and its contribution to the main market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the mountain bike market in APAC, North America, Europe, Middle East And AfricaAnd South America

  • In-depth analysis of the market competitive landscape and insights into vendors

  • Comprehensive analysis of factors that will challenge the growth of mountain bike market vendors

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Related reports:

  • The mountain bike equipment market it is estimated to grow to CAGR or 4.60% from 2021 to 2026. Market size is expected to increase by USD 3.99 billion. The market is segmented by product (protections and gear for mountain bikes) and by geography (North America, Europe,APAC, South Americaand the Middle East And Africa).

  • The carbon fiber market is estimated to grow at a CAGR of 7.4%. The market size is expected to increase by 2,754,140 units. The market is segmented by application (manual bicycles and e-bikes) and geography (North America, EuropeAPAC, the Middle East And AfricaAnd South America).

Market area of ​​the mountain bike

Report coverage

Details

Page numbers

120

Reference year

2022

Historical period

2017-2021

Forecast period

2023 -2027

Growth momentum and CAGR

Accelerates to a CAGR of 5.4%

Market growth 2023-2027

USD 13540.97 million

Market structures

fragmented

Year-Over-Year Growth (%)

5.1

Regional analysis

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

Performing contribution

North America at 34%

key countries

United States, China, Germany, United Kingdom and France

competitive scenario

Leading companies, market positioning of suppliers, competitive strategies and risks in the sector

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

Main market analysis; inducers and barriers to market growth; Analysis of fast and slow growing segments for the forecast period

Customization expertise

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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Summary:

1 Executive Summary

2Market overview

3 Market sizing

4 Analysis of the five forces

5 Market segmentation by end user

6 Market segmentation by type

7 Customer landscape

8 Geographical landscape

9 Drivers, challenges and trends

10 VendorLandscape

11 Vendor analysis

12 Appendix

Who we are

Technavio is a world-leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, covering 800 technologies, spanning 50 countries. Their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in the markets existing and potential and evaluate their competitive positions within evolving market scenarios.

Contact

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Global mountain bike market 2023-2027

Global mountain bike market 2023-2027

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SOURCE Technavio

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