Global Mountain Bike Market Set to Surge to USD 15.49 Billion by 2030, Driven by Adventure Tourism and Female Participation

The global mountain bike market, valued at USD 7.01 billion in 2023, is projected to reach USD 15.49 billion by 2030, growing at a robust CAGR of 12% from 2024 to 2030. This growth is fueled by the rising popularity of mountain biking as a recreational activity, increased participation of women in the sport, and the expansion of adventure tourism. 

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Competitive Landscape

The market is characterized by the presence of several key players focusing on innovation and strategic partnerships. Notable companies include Giant Bicycles, Cannondale, Pivot Cycles, TRINX, SCOTT Sports, Trek Bicycle Corporation, XDS Bicycles, Xidesheng Bicycle Company, CUBE Bikes, Diamondback Bicycles, Beistegui Hermanos SA, Cycling Sports Group Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Merida Industry Co. Ltd., GT Bicycles, Norco Bicycles, and Santa Cruz Bicycles LLC. 

Regional Insights

Growth and Opportunity in the United States

The United States mountain bike market is experiencing significant growth due to the increasing popularity of outdoor recreational activities and the development of dedicated mountain biking trails. The rise in female participation and the introduction of women-specific bike models are also contributing to market expansion.​

Trends and Consolidation in Asia Pacific

Asia Pacific is emerging as a dominant region in the mountain bike market, driven by the growing interest in adventure sports and the presence of major manufacturing hubs. Countries like China, Japan, and Australia are witnessing increased demand for mountain bikes, with manufacturers focusing on product innovation and strategic collaborations. ​

Updation in the Middle East and Africa

The Middle East and Africa are witnessing a steady rise in mountain biking activities, supported by government initiatives to promote tourism and outdoor sports. The development of biking trails and the organization of biking events are attracting enthusiasts, thereby boosting the market.​

Trends in Europe

Europe holds a significant share in the mountain bike market, with countries like Germany, France, and the UK leading in terms of demand. The region's focus on sustainable transportation and the integration of electric mountain bikes (eMTBs) are key trends shaping the market. ​

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Market Segmentation: In-Depth Analysis:

by Type

Cross Country Bikes
All Mountain Bikes
Downhill Bikes
Freeride Bikes
Dirt Jumping Bikes
Others

Cross Country Bikes, All Mountain Bikes, Downhill Bikes, Freeride Bikes, and Dirt Jumping Bikes are the subsegments of the market based on type. Throughout the projected period, cross-country bikes will continue to hold the greatest market share in the worldwide market. The most well-liked and extensively available bikes are cross-country models. Longer rides through the expansive woodlands and natural paths are made possible by these bikes. These bikes are designed to have a strong endurance rather than to withstand extremely heavy activities and high pressures. For these motorcycles to be ridden over the vast expanses of natural terrain, precise control is also necessary.

by Products

E-Mountain Bikes
Standard Mountain Bikes

by Application

Racing
Leisure

by Distribution Channel

Offline
Online

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Market Key Players : In-Depth Analysis:

1. Giant Bicycles
2. Cannondale
3. Pivot Cycles
4. TRINX
5. SCOTT Sports
6. Trek Bicycle Corporation
7. XDS BICYCLES
8. Xidesheng Bicycle Company
9. CUBE Bikes
10.Diamondback Bicycles

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