MTB Goggles Market Size, Share, Growth, and Industry Analysis, By Type (Price Below $ 30, Price $ 30 to $ 100 and Price above $ 100), By Application (Kids and Junior, Men, Women and Unisex), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

REPORT OVERVIEW

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The global MTB goggles market size was USD 134.9 million in 2020. As per our research, the market is projected to touch USD 178.9 million by 2027, exhibiting a CAGR of 4.1% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The MTB goggles market growth is growing due to the increasing popularity of mountain biking, the growing demand for safety gear, and the rising disposable income of consumers. There is also a lot of innovation happening in the MTB goggles market, with new technologies being developed to improve the performance and comfort of goggles. This makes MTB goggles more appealing to consumers. In addition, the MTB goggles market is global, with manufacturers and retailers located all over the world. This makes it easy for consumers to find and purchase MTB goggles.

COVID-19 Impact: Imposed Restrictions in the Economy which led to a decline in demand for the Market

The COVID-19 pandemic initially led to a decline in demand for MTB goggles as people were forced to stay home and avoid physical activities. However, as the pandemic progressed and people began to venture outdoors more, the demand for MTB goggles started to recover. In addition, the increasing popularity of online shopping helped to boost the sales of MTB goggles.

Overall, the COVID-19 pandemic has had a mixed impact on the MTB goggles market. However, the market is expected to recover and grow in the coming years, driven by the increasing popularity of mountain biking, the growing demand for safety gear, and the rising disposable income of consumers.

LATEST TRENDS

"Higher Standards of Performance by Increase in Infrastructure Spending to Grow Market Potentially"

The MTB goggles market is constantly evolving, with manufacturers introducing new features and designs to meet the needs of consumers. Manufacturers are increasingly incorporating safety features into their goggles, such as anti-fog technology, impact resistance, and UV protection. These features help to protect riders' eyes from injury and long-term damage. Consumers are looking for goggles that are personalized to their individual needs and preferences. This includes features such as adjustable straps, interchangeable lenses, and different colors and designs. Manufacturers are using technology to improve the performance of their goggles. This includes features such as ventilated lenses, moisture-wicking materials, and integrated lights. There is a growing trend towards sustainability in the MTB goggles market. Manufacturers are using more sustainable materials and practices in the production of their goggles. Manufacturers are expanding into new markets, such as Asia and South America. This is driven by the growing popularity of mountain biking in these regions. Overall, the MTB goggles market is a dynamic and exciting market. Manufacturers are constantly innovating to meet the needs of consumers. The latest trends in the market are focused on safety, personalization, technology, sustainability, and expansion into new markets.

SEGMENTATION

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• By Type

Based on type the MTB goggles market share is classified as Price Below $ 30, Price $ 30 to $ 100 and Price above $ 100.

• By Application                                          

Based on application the MTB goggles market share is classified as Kids and Junior, Men, Women and Unisex.

DRIVING FACTORS

"Increasing popularity of mountain biking which leads to the market growth"

Mountain biking is a popular outdoor activity that is growing in popularity. This is due to the fact that it is a fun and challenging activity that can be enjoyed by people of all ages and skill levels. The increasing popularity of mountain biking is driving the demand for MTB goggles.

"Advances in technology for market growth"

There have been significant advances in technology in recent years, which has led to the development of more advanced MTB goggles. These goggles are equipped with features such as anti-fog technology, impact resistance, and UV protection. These features make MTB goggles more comfortable and safer to use.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market Growth"

The MTB goggles market is subject to a number of restraining factors, including the high cost, limited availability, competition, changing trends, and economic downturns. These factors can have a negative impact on the market, but they can also be opportunities for manufacturers to innovate and develop new products that meet the needs of consumers.

For example, the high cost of MTB goggles can be a barrier for some consumers. Manufacturers can address this by developing more affordable goggles or by offering discounts and promotions. The limited availability of MTB goggles can be addressed by increasing distribution channels and making the goggles more accessible to consumers. The high level of competition in the market can be addressed by differentiating products and creating a unique selling proposition. The constantly changing trends in the market can be addressed by keeping up with the latest trends and ensuring that products are up-to-date. Economic downturns can be addressed by offering discounts and promotions and by focusing on essential products.

REGIONAL INSIGHTS

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"North America Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

North America is the largest market for MTB goggles, accounting for a share of over 30% of the global market. This is due to the high popularity of mountain biking in the region. The United States is the largest market in North America, followed by Canada and Mexico.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The MTB goggles market is a highly competitive one, with many different brands and models available. Some of the key industry players in the market include Oakley, Fox Racing, SCOTT Sports SA, Smith Optics, Spy Optic, Giro Sport Design, 100% Speedlab, LLC, Leatt, POC Sweden AB, FLY Racing, and Melon Optics. These companies offer a wide range of MTB goggles, including models for different riding styles and conditions. Manufacturers are constantly innovating and developing new products to meet the needs of consumers.

The MTB goggles market is expected to grow in the coming years, driven by the increasing popularity of mountain biking and the growing demand for safety gear. The specific growth of each region will depend on a number of factors, such as the popularity of mountain biking, the level of disposable income, and the availability of infrastructure.

List of Market Players Profiled

• Oakley (U.S.)
• Fox Racing (U.S.)
• SCOTT Sports SA (Switzerland)
• Smith Optics (U.S.)
• Spy Optic (U.S.)
• Giro Sport Design (U.S.)
• 100% Speedlab, LLC (U.S.)
• Leatt (South Africa)
• POC Sweden AB (Sweden)
• FLY Racing (U.S.)
• Melon Optics (U.S)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.