.webp)
Mountain Bike Suspension Market Report Overview
The global Mountain Bike Suspension market size was USD 2264.8 million in 2022 & the market is expected to reach USD 4489 million by 2031, exhibiting a CAGR of 7.9% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with Mountain Bike Suspension market 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.
A Mountain Bike Suspension market bike is one that is intended for off-road riding. The mountain bikes are made to last longer and perform better in difficult terrain. They usually have front or full suspension, more durable wheels, huge knobby tyres, stronger brakes, and lower gear ratios for climbing steep terrain. Mountain bikes, also known as mountain bike suspension, are primarily used on unpaved surfaces such as mountain trails, fire roads, single tracks, and so on. This terrain is characterized by rocks, loose dirt, roots, and steep gradients. Mountain bikes or bicycles are designed to handle terrain and characteristics such as log rides, log piles, gap jumps, skinnies, and wall-rides.
Another factor boosting the Mountain Bike Suspension market's growth in terms of revenue is the increased popularity of outdoor leisure activities and rising awareness of fitness and health. Mountain riding is recognized as a demanding activity that tests the physical limitations of the body while improving endurance, muscle strength, and cardiovascular fitness. As people grow more health concerned, they are engaging in pastimes that improve physical fitness, including mountain biking. The popularity of mountain biking suspension as a form of recreation is growing as a result. These factors are expected to drive the mountain bike suspension market share and revenue systems.
COVID-19 Impact: Pandemic to Affect the Mountain Bike Suspension Market Growth
An international health catastrophe called COVID-19 that has affected practically every business is expected to have long-term effects on the expansion of several end-use industries throughout the course of the forecast period. The framework is expanded in this study to include significant COVID-19 implications and suggested next steps. The research goes into great detail about COVID-19, taking into account changes in consumer behavior and requests, buying habits, supply chain rerouting, the dynamics of contemporary market pressures, and significant government initiatives.
Latest Trends
"Automotives Sectors to Propel Mountain Bike Suspension Market Growth"
Performance of and other systems that permit direct and ad hoc communication modes can be improved by implementing sophisticated transmission/reception techniques, which are already used in legacy cellular networks. In this case, one of the best methods for enhancing system performance is diversity. Diversity is a group of multi-antenna transmission/reception systems intended to improve the reliability and quality of a wireless link. It is difficult to directly use receive or closed-loop send diversity approaches in communications, despite the fact that sending diversity utilizing space-time/frequency codes is already scheduled for inclusion in mountain bike suspension market.
Mountain Bike Suspension Market Segmentation
- By Type Analysis
According to type, the market can be segmented into Front Suspension and Rear Suspension amongst which the Front Suspension is the leading segment.
- By Application Analysis
Based on application, the market can be divided into Hard Tail Mountain Bike and Soft Tail Mountain Bike amongst which the Hard Tail Mountain Bike is the leading segment.
Driving Factors
"Safe Driving to Surge the Mountain Bike Suspension Market Growth"
The contests for mountain bike suspension are contributing to the nation's economic growth, which is also the main driver of the expansion of mountain biking tours and the global market for mountain bike suspension. Increased accidents during bike racing contests have compelled bicycle makers to create more robust and durable bikes, which is anticipated to fuel market expansion. Additionally, rising interest in electric mountain bike suspension, technological advances, and an increase in tourism-related activities are predicted to boost the market. These factors are due to the significance and awareness of fitness-related activities that have encouraged people to explore endurance sports. The demand for mountain bikes is being fueled by the rise in popularity of outdoor leisure pursuits including mountain biking, trail riding, and adventure sports.
"Demand for Better Making to Augment the Mountain Bike Suspension Market Growth"
The demand for mountain bike suspension is being fueled by the rise in popularity of outdoor leisure pursuits including mountain biking, trail riding, and adventure sports. Mountain biking has become more well-liked as a recreational sport as more individuals strive to live active lives and explore their surroundings. More people are also turning to cycling as a form of exercise and lifestyle management as a result of the emphasis on health and fitness. Mountain biking is popular because it offers a strenuous workout that mixes endurance, strength training, and aerobic activity.
Restraining Factors
"Expensive Parts to Restrain the Mountain Bike Suspension Market Growth"
mountain bike suspension, especially those with cutting-edge features and technologies, can be quite pricey. Mountain bike suspension are out of reach for some potential buyers due to the high cost of materials, components, and specialized designs. Access to adequate trails, mountains, or off-road areas is necessary for mountain biking. In some areas, the accessibility and availability of such terrains may be restricted, which would inhibit the expansion of the mountain bike suspension industry there.
Mountain Bike Suspension Market Regional Insights
"North America to Dominate the Mountain Bike Suspension Market Growth "
In the anticipated time frame, the North American area will continue to dominate the market. North America, which includes the United States and Canada, has been an important market for mountain bike suspension due to a number of factors. The availability of various terrains, a sizable cycling enthusiast population, a strong culture of outdoor recreation and sports, and a well-developed mountain bike suspension infrastructure are some of these.
Over the anticipated period, it is estimated that the European mountain bike suspension market would increase moderately. Countries like the United Kingdom, Germany, and France are principally to blame for the expansion of the market in this region. The popularity of outdoor sports and leisure activities as well as increased fitness and health awareness are driving the market for mountain bike suspension in Europe. Eco-tourism and sustainable travel are expanding trends in many European countries, and mountain biking is viewed as an environmentally friendly means of transportation and a way to explore natural surroundings.
Key Industry Players
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
LIST OF TOP MOUNTAIN BIKE SUSPENSION COMPANIES
- Fox Factory (U.S.)
- SRAM (U.S.)
- SR Suntour (Taiwan)
- X Fusion Shox (Canada)
- Ohlins (Sweden)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 2264.8 Million in 2022 |
Market Size Value By |
US$ 4489 Million by 2031 |
Growth Rate |
CAGR of 7.9% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
|
By Type
|
|
|
By Application
|
Frequently Asked Questions
-
What value is the mountain bike suspension market expected to touch by 2031?
The global mountain bike suspension market size is expected to reach USD 4489 million by 2031.
-
What CAGR is the mountain bike suspension market expected to exhibit by 2031?
The mountain bike suspension market is expected to exhibit a CAGR of 7.9% by 2031.
-
Which are the driving factors of the mountain bike suspension market?
The driving factors of the mountain bike suspension market are Safe Driving and Demand for Better Making
-
Which are the key players or most dominating companies functioning in the mountain bike suspension market?
The dominating companies in the mountain bike suspension market are Fox Factory (U.S.), SRAM (U.S.), SR Suntour (Taiwan), X Fusion Shox (Canada), and Ohlins (Sweden).
.svg)