What are the Historical Developments and Current Growth Metrics of the Mountain Bike Market?
The mountain bike market has seen considerable growth due to a variety of factors.
• The size of the mountain bike market has witnessed a significant uptick in recent times. The market which is expected to be valued at $9.27 billion in 2024, would surge to $10.12 billion in 2025, registering an impressive compound annual growth rate (CAGR) of 9.1%.
This sizeable growth during the historical period can be traced to factors such as the boom in adventure tourism, increased involvement in outdoor sports, the upsurge in health awareness, popularity of cross-country races, and a rise in disposable income.
What is the Forecasted Growth of the Mountain Bike Market Size?
The mountain bike market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for mountain bikes is anticipated to experience significant expansion in the upcoming years, projected to escalate to $14.23 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%.
This anticipated surge during the forecasted timeline can be ascribed to factors such as the escalating demand for e-mountain bikes, the rising number of women getting involved in mountain biking, the growing emphasis on environment-friendly transportation modes, the broadening scope of global mountain biking events, and the burgeoning popularity of adventure tourism in developing economies. Key trends during this forecast period entail the incorporation of advanced technologies, the proliferation in unique bike designs, the broadening of mountain biking infrastructure, the advent of high-performance suspension systems, along with the booming interest in adventure and eco-tourism.
Which Key Drivers Are Propelling Th Mountain Bike Market's Growth?
The increasing interest in sports and adventure activities is projected to fuel the rise of the mountain bike market. Sports and adventure activities involve various physical activities and challenges, which range from both competitive and leisure activities such as football, mountain climbing, and hiking. The increasing appeal of these activities stems from the growing awareness of health benefits, the pursuit of unique experiences, and an intensified interest in outdoor leisure. Mountain bikes further enrich these sports and adventure activities by offering robust, high-performing gear for a range of landscapes, which allows riders to navigate through difficult routes and experience exhilarating outdoor adventures. In the context of specific market data, a report revealed by the Sports & Fitness Industry Association (SFIA), an American trade association, in February 2024, disclosed that in 2023, the engagement in winter sports, team sports, racquet sports, and water sports rose by over 9%, with winter sports spearheading this growth at 22%. Furthermore, the sport of pickleball witnessed a surge of 51.8% from 2022. Lastly, the overall sports and fitness participation reached a staggering 242 million Americans, which is a 2.2% increase from the previous year, hence, highlighting the growing appeal of sports and adventure activities, consequently stimulating the growth in the mountain bike market.
What Is The Segmentation Of The Global Mountain Bike Market?
The mountain bike market covered in this report is segmented –
1) By Types: Cross Country Bikes, Trail Mountain Bikes, Downhill Bikes, All Mountain Bikes, Dirt Jumping Bikes, Freeride Bikes, Other Types
2) By Distribution Channel: Specialty Bicycle Retailers, Mass Merchants, Full-Line Sporting Goods Store, Outdoor Specialty Store, Other Distribution Channels
3) By Applications: Leisure, Competition
4) By End User: Recreational Or Amateur Riders, Professional Or Elite Riders
Subsegments:
1) By Cross Country Bikes: Hardtail Cross Country Bikes, Full Suspension Cross Country Bikes
2) By Trail Mountain Bikes: Short Travel Trail Bikes, Long Travel Trail Bikes
3) By Downhill Bikes: Full Suspension Downhill Bikes, Gravity Bikes
4) By All Mountain Bikes: Enduro Bikes, Adventure Mountain Bikes
5) By Dirt Jumping Bikes: Hardtail Dirt Jump Bikes, Full Suspension Dirt Jump Bikes
6) By Freeride Bikes: Full Suspension Freeride Bikes, Specialized Jump and Stunt Bikes
7) By Other Types: Fat Bikes, Electric Mountain Bikes (E-MTB)
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What Emerging Trends Are Shaping The Mountain Bike Market?
Top firms in the mountain bike market, like Decathlon, are steering their attention towards the creation of revolutionary products like lightweight high-end mountain bikes. These bikes are specifically built to offer an amalgamation of power, speed and agility, with an added advantage of lower weight. The usage of cutting-edge carbon fiber or aluminum in their construction keeps them weightless yet sturdy. In 2023, Decathlon, a French sporting goods company, unveiled the Rockrider RACE 900S, an all-round mountain bike crafted for both competitive racing and casual riding. Packed with superior features, this full-suspension cross-country bike challenges even the most premium models. The RACE 900S sports a carbon fiber frame and an efficient single-pivot, linkage-driven suspension system that delivers 120mm of movement for effective energy transfer and increased climbing capabilities, making it a prime choice for XCO (cross-country Olympic) and XCM (cross-country marathon) events. The bike includes an SRAM AXS drivetrain, an optional GX AXS component, and is fitted with SRAM Level T brakes. It also comes with Hutchinson Kraken Racing Lab tires for a boost in performance and grip.
Who Are the Key Players in the Mountain Bike Market?
Major companies operating in the mountain bike market are include:
• Giant Manufacturing Co. Ltd.
• Dorel Industries Inc.
• Merida Industry Co. Ltd.
• Trek Bicycle Corporation
• Specialized Bicycle Components
• Cube Bikes
• Orbea
• Cannondale Bicycle Corporation
• Santa Cruz Bicycles
• BMC Switzerland
• Gary Turner (GT) Bicycles
• Norco Bicycles
• Pivot Cycles
• Yeti Cycles
• Fuji Bikes
• Intense Cycles
• Rocky Mountain Bicycles
• Scott Sports
• Alta Cycling Group
• Mongoose Bikes
• Haro Bikes
• Trinx Bikes
• Transition Bikes
• Kona Bicycle Company
• Diamondback Bicycles
What are the Regional Insights into the Mountain Bike Market?
North America was the largest region in the mountain bike market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mountain bike market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
