Mountain Bicycles Market Size, Share, Growth, And Industry Analysis, By Type (Rigid, Hardtail, Softail, Full Suspension), By Application (Household, Commercial), Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

Mountain Bicycles Market Report Overview

• 
• Request a Free Sample to learn more about this report

The global mountain bicycles market size was USD 6282 million in 2021 and is expected to reach USD 10778.13 million in 2031, exhibiting a CAGR of 5.5% during the forecast period.

Mountain bicycles are bicycles designed specifically for pedaling on rocky, uncharted, and off-road terrain. Such bicycles are pedal-powered, have heavier tires than standard or traditional or frequent bicycles, have greater more bonded blocks made from better alloys and material, have various types of handlebars, handle grips, seats/saddles, shock absorbers, rims and hubs, and gear system, to mention a few. Mountain bicycles are commonly ridden off-road, on trails, mountainsides, rolling hills, narrow tracks, and in areas with infrequent terrain.

Mountain bikes have suspension systems on both the front and back ends. The suspension system must be made of long-lasting, high-quality materials that can withstand repeated actions as well as extreme shocks and loads. Mountain bicycles or bikes are typically equipped with disc brakes on both wheels. These brake systems are more powerful and provide immediate braking action.

COVID-19 Impact: Slowdown in Key Player Operations to Degrade Market Enhancement

The global COVID-19 pandemic has been unprecedented and staggering, with mountain bicycles experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The impact of the Covid-19 pandemic has stemmed in the disrupted development and launch of mountain bikes, a slowdown in key player operations, and a component shortage. The pandemic has caused supply chain disruptions, the production to be delayed. The consumer sector has evolved to be an essential part of various countries' supply chains, and the Covid-19 disease outbreak had a significant impact on it. The consumer sector is reliant on maintaining, which was halted to protect individuals from SARS-CoV-2, posing significant challenges. Component shortages caused by regulations governing goods import and export have also delayed the production and start-up of the bicycles. Despite the government's efforts to enhance economic circumstances, the mountain bicycles market is expected to grow significantly in the coming years.

Latest Trends

"Advancement in Chain Stays to Intensify Market Magnification "

In the last five years, the ordinary mountain bike success has increased significantly. When users said "reduced, longer, slacker," they generally meant approach, although not wheelbase. In the other case, mountain bike front triangles have managed to grow and extends are size-specific, whereas rear or back triangles have primarily been one-size-fits-all.

In recent times, many brands have started to produce size-specific chain stays. The recent Norco Optic was an early version to feature size-specific chain stays that sprout by 5mm on every size, and the newest Cannondale Jekyll, launched, featured "Proportional Reaction Geometry." According to Cannondale, the it is designed to keep the "rider centering between both the wheels."

Mountain Bicycles Market Segmentation

• 
• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into rigid, hardtail, softail, full suspension

Rigid is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into household, commercial

Household is the leading part of the application segment

Driving Factors

"Adventure Tourism to Boost Market Share"

The cost of gasoline is constantly rising. This is growing rapidly for technically sophisticated bicycles. One of the other major drivers of revenue growth in the global mountain bicycle market share is an increased rate for adventure tourism. Furthermore, rising awareness of personal fitness is predicted to assist market revenue expansion over the coming years.

"Increasing Crashes in Bike Riding Contests to Aid Market Forwarding "

The significant factors influencing the global mountain bicycles market growth are increasing crashes in bike riding contests and the country's economic development, which leads to the growth of mountain biking tourism.   However, robust innovation and an increase in riding bike sales will drive demand in the worldwide mountain bike market.

Restraining Factors

"High Maintenance Costs to Deplete Market Advancement "

Mountain bicycles have more sophisticated features and components than standard or regular bicycles. The high maintenance costs on these bikes may be a deterrent for certain consumers who are not overactive enthusiasts, and this may limit market growth in some way over the forecast timeframe. Furthermore, a lack of understanding about innovative features is a factor that is limiting mountain bicycles market growth to some extent.

Mountain Bicycles Market Regional Insights

• 
• Request a Free Sample to learn more about this report

"Upgrading Fitness Awareness to Foster Market Growth in North America and Europe "

According to region, North America is projected to expand significantly faster than other emerging economies over the projected timeframe. Rising fitness awareness, an increase in the number of people opting for operations that are more adventurous or in more isolated or open spaces as a way to maintain social distance as well as overall fitness having followed the COVID-19 pandemic, a huge foothold of significant bike companies, and rising investments by private and government agencies in bicycles infrastructure, maintenance, and development are some of the key drivers behind revenue growth.

Over the forecast period, Europe is also reported to demonstrate significant growth in the mountain bicycles market share.  Europe has the second-largest earnings share globally. High disposable income and rising tourism actions, with hillside biking and route biking events being added to package itinerary, are several key factors driving the global market growth in the coming years.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Giant (U.S.)
• Trek (U.S.)
• Specialized (U.S.)
• Cannondale (Germany)
• Santa Cruz (U.S.)
• Company six (U.S.)
• Scott (Switzerland)
• Yeti (U.S.)
• Merida (Taiwan)
• Kona (U.S.)
• Rocky Mountain Bicycles (Canada)
• XDS (South Africa)

Report Coverage

The industry report examines the global market, geographic and country-level market sizes, categorization market expansion, market share, competitor analysis, sales trends, influence of domestic and international market players, supply chain enhancement, trade laws, latest developments, possibilities analysis, business strategy market expansion analysis, product releases, area competitive landscape expanding, and technological advancements.

The report also examines the equipment market's current state of development and its overall market trend. It also separates the market by categories based on type and applications in order to conduct a detailed study and demonstrate the industry's characteristics and prospects. By taking into account a range of elements, such as growth rate, trends, industrial advancements, technologies, growth, distribution, and barriers, it offers a thorough assessment as well as a detailed analysis.