Mountain Bike Market, By Bike Type, By Sales Channel, By End User, By Geography

Description

The Global Mountain Bike Market is estimated to be valued at US$ 11.42 Billion in 2024 and is expected to reach US$ 23.14 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 11.42 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	10.60%	2031 Value Projection:	US$ 23.14 Bn

Figure. Mountain Bike Market Share (%), By Region 2024

The mountain bike market has witnessed steady growth over the past few decades. Mountain biking started as merely a niche segment but has established itself as one of the prominent categories in the cycling industry today. The demand for mountain bikes surged during the COVID-19 pandemic as people sought outdoor recreational activities that allowed for social distancing. Mountain biking provides adventure, exercise and a means to enjoy nature, hence attracting a wide consumer base across different age groups worldwide. Technological advancements in frames, suspension, and gears have made bikes accessible to various skill levels and ride purposes. Innovation continues to drive market interest along with rising health consciousness. Growing acceptance as a mainstream sport further aids the global mountain bike industry's expansion.

Market Dynamics:

The global mountain bike market is driven by increasing youth involvement in adventure sports and recreational cycling activities. Population growth, improving living standards, and disposable incomes in developing nations are fueling sales. Easy availability through multiple offline and online distribution channels has made mountain bikes more accessible. However, high initial costs and maintenance requirements restrain the market to a certain extent. Meanwhile, e-mountain bikes present lucrative opportunities with their ability to enhance riding experience and attract older audience. Ongoing R&D to develop lightweight frames and improve suspension performance also plays a role. The COVID-19 pandemic translated into strong demand as citizens embraced outdoor sports for fitness and leisure amid lockdowns.

Key features of the study:

This report provides in-depth analysis of the global mountain bike market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global mountain bike market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Beistegui Hermanos SA, Cannondale, CUBE Bikes, Cycling Sports Group Inc., Dorel Industries Inc., Derby Cycle Holding GmbH, Giant Bicycles, GT Bicycles, Merida Industry Co. Ltd., Norco Bicycles, Pivot Cycles, SCOTT Sports, Santa Cruz Bicycles LLC, Trek Bicycle Corporation, and TRINX

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global mountain bike market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mountain bike market

Detailed Segmentation-

By Bike Type
- Hardtail Mountain Bikes
- Full Suspension Mountain Bikes
By Sales Channel
- Specialty Bike Stores
- Online Sales
- Mass Retailers
By End User
- Recreational/Amateur Riders
- Professional/Elite Riders
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Beistegui Hermanos SA
- Cannondale
- CUBE Bikes
- Cycling Sports Group Inc.
- Dorel Industries Inc.
- Derby Cycle Holding GmbH
- Giant Bicycles
- GT Bicycles
- Merida Industry Co. Ltd.
- Norco Bicycles
- Pivot Cycles
- SCOTT Sports
- Santa Cruz Bicycles LLC
- Trek Bicycle Corporation
- TRINX

Product Code: CMI7250

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Mountain Bike Market, By Bike Type
- Global Mountain Bike Market, By Sales Channel
- Global Mountain Bike Market, By End User

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Mountain Bike Market, By Bike Type, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hardtail Mountain Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Full Suspension Mountain Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

5. Global Mountain Bike Market, By Sales Channel, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Specialty Bike Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Online Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Mass Retailers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

6. Global Mountain Bike Market, By End User, 2024-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Recreational/Amateur Riders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Professional/Elite Riders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

7. Global Mountain Bike Market, By Region, 2020 - 2031, Value (US$ Bn)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (US$ Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (US$ Bn)
- Regional Trends
  - North America
- Introduction
U.S.
Canada
Latin America
Introduction
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
- Introduction
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
South Africa
North Africa
Central Africa

8. Competitive Landscape

Beistegui Hermanos SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cannondale
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CUBE Bikes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cycling Sports Group Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Dorel Industries Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Derby Cycle Holding GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Giant Bicycles
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GT Bicycles
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Merida Industry Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Norco Bicycles
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Pivot Cycles
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SCOTT Sports
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Santa Cruz Bicycles LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Trek Bicycle Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
TRINX
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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