Mountain Bike- Market Scope
A mountain bike is a type of bicycle specifically designed for off-road cycling and riding on rugged terrain. Growing interest in outdoor activities and adventure sports drives demand for mountain bikes as people seek opportunities for exploration, fitness, and adrenaline-fueled experiences in natural settings. It features sturdy construction, knobby tyres with deep treads for enhanced traction, and a suspension system to absorb shocks and vibrations encountered on uneven surfaces. Mountain bikes typically have a durable frame made from materials such as aluminium, carbon fibre, or steel, offering strength and resilience to withstand the rigours of trail riding. They are equipped with multiple gears to facilitate climbing steep inclines and navigating varied terrain, along with powerful brakes for reliable stopping power in challenging conditions. Mountain bikes come in various styles and configurations tailored to different riding disciplines, including cross-country, trail riding, downhill, and freeride. They are popular among outdoor enthusiasts for exploring nature, tackling technical trails, and going on adrenaline-fueled adventures in mountainous landscapes
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Dorel Industries Inc. (Canada), Fuji Bikes USA (United States), Giant Bicycles (Taiwan), KONA BIKES (United States), Cycling Sports Group, Inc. (United States), Marin Mountain Bikes Inc. (United States), Norco (Canada), Rocky Mountain (Canada), Santa Cruz Bicycles LLC (United States) and Trek Bicycle Corporation (United States) |
CAGR | 11.6% |
Manufacturers are emerging and entering the mountain bike market due to a growing trend towards outdoor recreation and adventure sports, with mountain biking becoming increasingly popular among enthusiasts seeking adrenaline-fueled experiences and connection with nature. This surge in demand has created a lucrative market for mountain bikes and related accessories. Advancements in technology have led to innovations in mountain bike design and construction, enabling manufacturers to produce bikes that are lighter, more durable, and better suited to various terrain and riding styles. Manufacturers capitalize on this trend by offering bikes that cater to different skill levels, preferences, and fitness goals, appealing to a broad range of consumers. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Mountain Bike- market throughout the predicted period.
Dorel Industries Inc. (Canada), Fuji Bikes USA (United States), Giant Bicycles (Taiwan), KONA BIKES (United States), Cycling Sports Group, Inc. (United States), Marin Mountain Bikes Inc. (United States), Norco (Canada), Rocky Mountain (Canada), Santa Cruz Bicycles LLC (United States) and Trek Bicycle Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Merida Industry Co. Ltd. (Taiwan), Accell Group (Netherlands), Diamondback Bicycles (United States), BH Bikes (Spain) and SCOTT Sports SA (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mountain Bike- market by Type , by Application (Racing and Leisure) and Region with country level break-up.
On the basis of geography, the market of Mountain Bike- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Merida Industry Co., Ltd. introduced the all-new Silex gravel bike, designed to enhance comfort, speed, and handling on diverse terrain. This second-generation Silex gravel bike boasts expanded tyre clearance. The company has a specific focus on backpacking and multi-surface adventure riding.
In April 2022, EMotorad, an e-cycle brand, unveiled two new electric products, Lil E and T-Rex. Lil E, crafted with cutting-edge technology and sustainability in mind, boasts versatility in tackling inclines and everyday commutes with a range of 15 to 20 km. Its design offers a convenient alternative for individuals considering public transportation.
Influencing Trend:
The emergence of electric-assist mountain bikes (e-bikes) widens the attraction of mountain biking
Market Growth Drivers:
Increased awareness of health and fitness benefits motivates individuals to engage in activities like mountain biking and Environmental conservation and sustainable transportation contribute to the appeal of mountain biking
Challenges:
Maintaining cost-effectiveness and competitiveness can pose a challenge
Restraints:
Risks in supply shortages due to their dependence on global supply chains
Opportunities:
There are ongoing innovations in mountain bike technology, including improvements in frame materials, suspension systems, drivetrains, and tyre designs.
Key Target Audience
Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others