Mountain Bikes Market Size Worth $26.41 Billion By 2032 | CAGR: 11.2%

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

• Cross country mountain bike segment is accounted for the largest market share, due to the rising number of cross-country competitions which is rising the demand for high-performance bikes.
• Leisure segment is anticipated to have significant growth over the projected period because increasing in the interest of people in trekking and recreational activities.
• Specialty bicycle retailers’ segment is anticipated to grow at the fastest revenue CAGR due to the rising demand for sports bicycles and increasing the number of specialty bicycle retailers.
• North America is expected to lead the market during the forecast period, due to increasing the number of mountain biking competitions, and also the region has a strong culture of recreational activities.
• The global key market players include Rocky Mountain Bicycles, Merida Industry Co. Ltd., Pending System GmbH & Co. KG, LAPIERRE SA, Giant Manufacturing Co. Ltd., Santa Cruz Bicycles LLC., BH BIKES EUROPE SL, Pivot Cycles EU GmbH, Marin Mountain Bikes Inc., XDS Bike Co., Alta Cycling Group, Grimaldi Industri AB, Kona Bicycle Co, Guangzhou Trinity Cycles Co. Ltd., Trek Bicycle Corp., Norco Bicycles, Pon Holdings BV, and Fuji Bikes.

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)

• Cross Country Mountain Bike
• Downhill Mountain Bike
• Freeride Mountain Bike
• Dirt Jumping Mountain Bike
• Trail Mountain Bikes
• Others

Mountain Bikes, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Leisure
• Competition

Mountain Bikes, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Specialty Bicycle Retailers
• Mass Merchants, Full-Line Sporting Goods Store
• Outdoor Specialty Store
• Others

Mountain Bikes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa