The global mountain bikes market size is expected to reach USD 26.41 billion by 2032, according to a new study by Polaris Market Research. The report “Mountain Bikes Market Share, Size, Trends, Industry Analysis Report, By Type; By Application; By Distribution Channel (Specialty Bicycle Retailers, Mass Merchants, Full-Line Sporting Goods Store, Outdoor Specialty Store, Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The mountain bike market has grown steadily over the past few decades, driven by an increasing interest in outdoor activities, especially in the recreational and fitness sectors. The market is highly competitive, with numerous brands and models available in different price ranges, styles, and designs.
Several factors, including the growing popularity of bike sports among triathletes worldwide, drive the global mountain bicycle market. In addition, the market is benefiting from the increasing concerns about on-road bike accidents and the rise in interest in using bicycles as a sustainable mode of transportation in urban areas.
The market is also fueled by the high prevalence of health-related problems, such as high blood pressure, diabetes, and obesity, particularly among the youth. Doctors and health trainers are increasingly recommending regular cycling practices to reduce the ill effects of these medical conditions, further influencing the market's growth.
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The introduction of new technologies, such as hydraulic disc brakes, suspension systems, and carbon fiber frames, has also contributed to the growth of the mountain bike market. These innovations have improved the performance and durability of mountain bikes, making them more comfortable and versatile for riders of all levels.
In recent years, there has been a surge in demand for e-mountain bikes equipped with electric motors that assist the riders in pedaling. These bikes have opened up the sport of mountain biking to a wider range of riders, including those who may need to gain the fitness level or technical skills to ride traditional mountain bikes.
Mountain Bikes Market Report Highlights
Polaris Market Research has segmented the Mountain Bikes market report based on type, application, distribution channel, and region:
Mountain Bikes, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Mountain Bikes, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Mountain Bikes, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Mountain Bikes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)