The global mountain bike market was valued at $1,502 million in 2017 and is anticipated to grow at a CAGR of 10.3% during the forecast period. Mountain bikes are bicycles manufactured for off-road travel that provide the ability to ride on gravel, dirt roads, and uneven terrains. These mountain bikes offer an environment-friendly, healthy, and sustainable transport to riders. Mountain bikes are equipped with advanced suspension systems to provide shock absorbing capabilities in uneven terrains. They offer enhanced durability and performance in rocky and mountainous terrains, grassy regions, and steep slopes.
The growing demand for sports and adventure activities drive the growth of the market. The rise in disposable income and improving living standards encourage consumers to take part in adventure activities, supporting the growth of the market. The significant increase in the number of women participating in adventure sports, and growth of e-commerce platforms are other factors supporting the growth of the market. Supportive initiatives from governments and private organizations to promote sports activities have accelerated the adoption of mountain bikes across the globe. Other factors driving the market include technological advancements, increasing demand for electric mountain bikes, growing environmental concerns, and rising tourism activities. Growing demand from emerging economies, and increasing health awareness are factors expected to offer growth opportunities during the forecast period.
The global mountain bike market is segmented on the basis of type, distribution channel, and region. Based on type, the market is segmented into cross country mountain bike, downhill mountain bike, freeride mountain bike, dirt jumping mountain bike, and others. A cross-country mountain is designed for high speed for both downhill and uphill. These bikes are lighter and manufactured from carbon fiber with the least amount of suspension.
On the basis of distribution channel, the market is segmented into specialty bicycle retailers, mass merchants, full-line sporting goods store, outdoor specialty store, and others. The mass merchants dominated the global Mountain Bike market in 2017.
This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the global Mountain Bike market in 2017. The countries in the region have various mountain biking activities such as cross-country, freeride, dirt jumping and downhill. The presence of long mountain ranges and the increase in tourism activities in the region further supports market growth. The governments in the region take part in initiatives to promote physical activities and adventure sports.
The leading players in the market include Trek Bicycle Corporation, Cannondale Bicycle Corporation, Diamondback Bicycles, XDS Bikes, Scott Sports SA, Giant Manufacturing Co. Ltd., Pivot Cycles, Trinx Bikes, Xidesheng Bicycle Company, and Rocky Mountain Bicycles among others. These leading players in the market are introducing innovative products in the market to cater to the growing demand of consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.