mountain bike market demand, mountain bike market insights, mountain bike market statistics, mountain bike market growth, mountain bike market forecast, mountain bike market size, mountain bike market analysis
What is the current market size and future outlook for the mountain bike market?
The mountain bike market size has grown strongly in recent years. It will grow from $9.27 billion in 2024 to $10.12 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to rising adventure tourism, increasing participation in outdoor sports, growing health consciousness, the popularity of cross-country competitions, and increasing disposable income.
The mountain bike market size is expected to see strong growth in the next few years. It will grow to $14.23 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to rising demand for e-mountain bikes, growing female participation in mountain biking, increasing focus on eco-friendly transportation, expanding global mountain biking events, and increasing popularity of adventure tourism in emerging economies. Major trends in the forecast period include the integration of smart technologies, growth in specific bike designs, expansion of mountain biking infrastructure, development of high-performance suspension systems, and the surge in adventure and eco-tourism.
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How has the mountain bike market evolved, and what factors have shaped its growth?
The growing popularity of sports and adventure activities is expected to propel the growth of the mountain bike market going forward. Sports and adventure activities refer to physical exercises and challenges, including competitive and recreational pursuits such as soccer, climbing, or hiking. The popularity of sports and adventure activities is due to increasing health consciousness, a desire for unique experiences, and a rising interest in outdoor recreation. Mountain bikes enhance sports and adventure activities by providing durable, high-performance equipment for diverse terrains, enabling riders to tackle challenging trails and enjoy thrilling outdoor experiences. For instance, in February 2024, according to a report published by the Sports & Fitness Industry Association (SFIA), a US-based trade association, in 2023, the participation of winter sports, team sports, racquet sports, and water sports grew by over 9%, with winter sports leading at 22% growth. Further, pickleball surged by 51.8% from 2022, and overall sports and fitness participation reached 242 million Americans, a 2.2% increase from the previous year. Therefore, the growing popularity of sports and adventure activities is driving growth in the mountain bike market.
What are the major segments of the 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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Which companies dominate the mountain bike market?
Major companies operating in the mountain bike market are 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
How will evolving trends contribute to the growth of the mountain bike market?
Major companies operating in the mountain bike market are focusing on developing innovative products, such as lightweight high-performance mountain bikes, to enhance bike performance, increase durability, and improve rider experience. A lightweight, high-performance mountain bike is a specialized type of mountain bike designed to combine strength, agility, and speed with a reduced overall weight. These bikes are typically made from advanced carbon fiber or aluminum materials to keep them light and durable. For instance, in September 2023, Decathlon, a France-based sports retailer, launched the Rockrider RACE 900S, a versatile mountain bike designed for competitive racers and recreational riders. This full-suspension cross-country bike features a lightweight carbon frame and offers advanced specifications that compete with higher-end models. The RACE 900S includes a carbon fiber frame with a single-pivot, linkage-driven suspension system, providing 120mm of travel. This setup ensures efficient energy transfer and climbing ability, making it ideal for XCO (cross-country Olympic) and XCM (cross-country marathon) events. It comes equipped with an SRAM AXS drivetrain, with an option for GX AXS components, and features SRAM Level T brakes. Additionally, it includes Hutchinson Kraken Racing Lab tires for enhanced traction and performance.
What are the key regional dynamics of the mountain bike market, and which region leads in market share?
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.
What Does The Mountain Bike Market Report 2025 Offer?
The mountain bike market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A mountain bike is a type of bicycle specifically designed for off-road cycling on rough terrains such as trails, mountains, and unpaved paths. It features durable frames, wide knobby tires for better traction and suspension systems to absorb shocks from uneven surfaces. Mountain bikes have a more upright riding position, multiple gears for tackling steep climbs, and stronger braking systems, making them well-suited for challenging environments and outdoor adventures.
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