Growing bicycle tourism industry fuels the growth of the global Mountain Bikes market at a CAGR of 8.9 % during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Mountain Bikes Market”.

The Mountain Bikes market is estimated to register a CAGR of 8.9 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Passenger Aircraft Interior Used Serviceable Material (USM) market— Accell Group, Giant Manufacturing Co. Ltd, Pivot Cycles, Scott Sports SA, Trinx Bikes, XDS Bikes, Trek Bicycle Corporation, Diamondback Bicycles, SHIMANO INC., BH Bikes, and Santa Cruz among others.

Market Highlights

The global Mountain Bikes market is accounted for to register a CAGR of 8.9 % during the forecast period and is estimated to reach USD 26279.75 million by 2032.

Mountain biking as a sport and recreational activity has expanded dramatically during the last two decades. As a result, initiatives to promote mountain bike tourism through the creation and promotion of mountain bike parks and routes have increased recently. Several community advocates, researchers, and industry practitioners have attempted to quantify the economic consequences of mountain bike tourism in order to obtain public and other financial assistance to aid the development of mountain bike tourism.

Additionally, mountain biking tourism, which serves as a catalyst for economic development, is a major driver of the sector. Mountain biking mostly focuses on off-road riding, when riders navigate to their objective via riding on gravel, dirt roads, and rough terrain. This eco-friendly sector provides riders with sustainable, non-polluting transportation options as well as healthful leisure opportunities. Tourism for mountain biking contributes to the host community's and the region's economy. People who want to go mountain biking travel to different parts of the world.  In addition to having no effect on the environment, sport benefits regional companies and generates income for several nations.

The increased number of tourists creates jobs and cash by providing housing, food, leisure activities, local tourist guides, travel guides, and bike rentals. Furthermore, local governments' efforts to maintain tourism places encourage visitors. Various other projects, such as opening new trails; developing beginner-level trails for kids; and development of advanced trails for various purposes, such as free rides, downhill trails, pump tracks, and jump parks, serve as a catalyst for the growth of the global mountain bike market during the forecast period.

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Segment Analysis

The global Mountain Bikes market has been segmented based on Type, Riding Type, Application, End User, End User Age, End User Gender.

Based on type, the global Mountain Bikes Market has been segmented into Downhill, Freeride, Dirt Jumping, Cross Country, All Mountain, and Others. Cross-country mountain biking is one of the most popular types of biking activities due to its reception of all levels of bikers. XC MTB is not the same as certain disciplines that are very specific and only cater for the professional riders; hence, it is very easy for anyone to get into the whole mountain biking. This is because it welcomes many people who include beginners in adventure to professional athletes desiring a tough race. Thus, XC MTB events cultivate a broad range of people as participants, thereby positively affecting the sport and its ongoing interest.

Based on Riding Type, the global Mountain Bikes Market has been segmented into outdoor and indoor. In 2023, outdoor riding type accounted for the largest market share.

Based on Application, the global Mountain Bikes Market has been segmented into racing and leisure. Leisure accounted for the largest share in Mountain Bikes Market in 2023. Leisure biking is experiencing a surge in demand as more people seek ways to reconnect with nature, prioritize their health, and enjoy recreational activities with loved ones.

Based on End-Users the global Mountain Bikes Market has been segmented into Beginners/ Intermediate riders and Advanced Riders. Advanced Riders segment accounted for the largest share in Mountain Bikes Market in 2023.

Based on End-User Age the global Mountain Bikes Market has been segmented into Kids/Teenagers, Adults and Seniors.

Based on End-Users Gender the global Mountain Bikes Market has been segmented into Men, Women and Unisex.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America consists of the U.S, Canada, and Mexico. The North American mountain bike market is witnessing a surge in demand driven by various factors, including the growing popularity of bicycles for trekking and recreational activities. This trend is bolstered by an increase in cycling events across the region, attracting enthusiasts and fostering a vibrant cycling culture.

Europe region consists of UK, Germany, France, Rest of Europe for the study. Europe's growing fascination with e-mountain bicycles reflects a profound shift in the cycling landscape, ushering in a new era of accessibility and excitement for enthusiasts across the region. The advent of electric-powered bikes has redefined traditional notions of mountain biking, offering riders an unprecedented level of exploration and adventure. With the ability to conquer previously inaccessible trails and terrains, cyclists can now navigate steep inclines and challenging routes with ease, immersing themselves in the breathtaking landscapes of Europe like never before.

In the Asia Pacific region, the burgeoning popularity of mountain biking can be attributed to its increasing appeal in countries like Australia, India, and Japan. Notably, travel destinations such as Bali have also played a significant role in driving the growth of mountain biking in this diverse region. Governments across various levels are taking note of this trend and recognizing the substantial market potential associated with mountain biking.

Key Findings of the Study

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  The global Mountain Bikes market is expected to reach USD 26279.75 million by 2032, at a CAGR of 8.9% during the forecast period.

  
  


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  The Europe region accounted for the fastest-growing global market.

  
  


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  Based on Type, the cross-country segment was attributed to holding the largest market in 2023.

  
  


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  Accell Group, Giant Manufacturing Co. Ltd, Pivot Cycles, Scott Sports SA, Trinx Bikes, XDS Bikes, Trek Bicycle Corporation, Diamondback Bicycles, SHIMANO INC., BH Bikes, and Santa Cruz among others are some of the players in the market.