Mountain Bicycles Market By Type (Rigid, Hardtail, and Full Suspension), By Application (Leisure and Professional), Industry Trends, Estimation & Forecast, 2020-2026

Global Mountain Bicycles market is estimated to reach $8,236.5 million by 2026 with a CAGR of 5.2% from 2020 to 2026.
  • Market Overview

    Mountain bicycles are designed in a manner that allows for comfortable rides along rough and hilly terrains. Mountain bicycles are sturdy, rigid, and can withstand high-impact shocks and jumps over dirt tracks and steep slopes. The mountain bicycles are ideal for nature hiking over tourist places, as well as professional mountain racing events.

    Market Dynamics

    The rising product demand for participation in adventure sports activities and increasing product purchase of fitness & leisure events are the primary factors driving the market growth. The consistent enrollment of interested participants in sporting events over rugged terrains has increased the demand for mountain bicycles for amateur as well as professional athletes. The rising importance of off-road cycling as a fitness activity has also caught the attention of potential customers, who have then proceeded to purchase mountain bicycles for daily participation. The organization of several professional and amateur-level bicycle races on dirt tracks have further improved the sale of mountain bicycles, propelling the market growth. The active interest from men and women alike in nature hiking events around local picturesque places would also contribute to the demand and growth of mountain bicycles. However, high product costs and maintenance expenditure might hamper the market growth. The levying of additional taxes and tariffs on the shipping & transportation of parts and components essential for mountain bicycles would invariably increase the final product pricing, which might also act as a barrier to market growth. The substantial costs of product maintenance might also increase financial expenditure on the products, as it is vital to keep the bicycles free from mud and dirt for optimum performance. The growing trend of mountain hikes and trails as part of nature tourism activities would provide lucrative opportunities for the market in the coming years. The rising offering of leisure bicycling around mountain tracks and off-road trails as part of the local experience for tourists and hobbyists would provide crucial manufacturers with new possibilities of product application and business expansion over the forecast period.

    Market Segmentation

    The global Mountain Bicycles market is mainly classified based on Type and Application. Type is segmented into Rigid, Hardtail, and Full Suspension. By Application, the market is divided into Leisure and Professional.

    The Hardtail segment by Type holds a considerable share in terms of overall market value and volume owing to the versatility and all-terrain operation of hardtail bicycles. The lightweight components of a hardtail mountain bicycle and its affordability would further bolster the prospects of segment growth during the forecast period.

    In terms of volume, the Leisure segment by Application is poised to garner 14,903.8 K Units by 2026; growing at a CAGR of 3.9% during 2020-2026. The increase in amateur hiking and fitness activities would boost segment growth. The considerable rise in tourists opting for bicycle rides on off-road trails as part of the natural experience would further improve segment growth.

    Regional Analysis

    Based on geography, the global Mountain Bicycles market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

    Europe is a leading region in terms of overall market volume owing to the increasing customer interest to adopt off-road cycling as an athletic fitness activity. The broad presence of a large number of dirt tracks and rugged off-road trails around scenic landscapes have also instigated a significant adoption of mountain bicycling. The gradual rise in the number of professional sporting events over mountainous terrains using mountain bicycles would further improve the possibilities of regional market growth.

    Competitive landscape

    The Mountain Bicycles market is highly fragmented, with several global and regional companies competing with expansive manufacturing capabilities and extensive distribution networks. The ability of local companies to offer affordable options for entry-level customers further intensifies market competitiveness.

    Key players operating in the Mountain Bicycles industry include Giant Manufacturing Co., Ltd., Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Cannondale Corp, Santa Cruz Bicycles, LLC, SCOTT Sports SA, Yeti Cycles, LLC, Merida Industry Co., Ltd., Kona USA, Inc., Rocky Mountain Bicycles Ltd., and XDS Bikes.

    The launch of new products after thorough development in performance and expansion of business opportunities through strategic partnerships & collaborations are the primarily followed business strategies of top players looking to capture substantial market share over the forecast period.

    Mountain Bicycles Market Key Segments:

    By Type
    • Rigid
    • Hardtail
    • Full-Suspension

    By Application
    • Leisure
    • Professional

    Key Global Mountain Bicycles Industry Players
    • Giant Manufacturing Co., Ltd.
    • Trek Bicycle Corporation
    • Specialized Bicycle Components, Inc.
    • Cannondale Corp
    • Santa Cruz Bicycles, LLC
    • SCOTT Sports SA
    • Yeti Cycles, LLC
    • Merida Industry Co., Ltd.
    • Kona USA, Inc.
    • Rocky Mountain Bicycles Ltd.
    • XDS Bikes

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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Mountain Bicycles Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. Rising product demand for participation in adventure sports activities
    3.3.2. Increasing product purchase of fitness & leisure events
    3.4. Restraints
    3.4.1. High product costs and maintenance expenditure
    3.5. Opportunity
    3.5.1. Growing trend of mountain hikes and trails as part of nature tourism activities
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Type Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Rigid
    4.2.1. Market Size & Forecast
    4.3. Hardtail
    4.3.1. Market Size & Forecast
    4.4. Full Suspension
    4.4.1. Market Size & Forecast

    5. Application Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Leisure
    5.2.1. Market Size & Forecast
    5.3. Professional
    5.3.1. Market Size & Forecast

    6. Mountain Bicycles Market Regional Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. North America Mountain Bicycles Market
    6.2.1. North America Market Size & Forecast, By Country
    6.2.2. North America Market Size & Forecast, By Type
    6.2.3. North America Market Size & Forecast, By Application
    6.2.4. U.S.
    6.2.4.1. Market Size and Forecast
    6.2.5. Canada
    6.2.5.1. Market Size and Forecast
    6.2.6. Mexico
    6.2.6.1. Market Size and Forecast
    6.3. Europe Mountain Bicycles Market
    6.3.1. Europe Market Size & Forecast, By Country
    6.3.2. Europe Market Size & Forecast, By Type
    6.3.3. Europe Market Size & Forecast, By Application
    6.3.4. Germany
    6.3.4.1. Market Size and Forecast
    6.3.5. France
    6.3.5.1. Market Size and Forecast
    6.3.6. UK
    6.3.6.1. Market Size and Forecast
    6.3.7. Italy
    6.3.7.1. Market Size and Forecast
    6.3.8. Russia
    6.3.8.1. Market Size and Forecast
    6.3.9. Rest of Europe
    6.3.9.1. Market Size and Forecast
    6.4. Asia-Pacific Mountain Bicycles Market
    6.4.1. Asia-Pacific Market Size & Forecast, By Country
    6.4.2. Asia-Pacific Market Size & Forecast, By Type
    6.4.3. Asia-Pacific Market Size & Forecast, By Application
    6.4.4. Japan
    6.4.4.1. Market Size and Forecast
    6.4.5. China
    6.4.5.1. Market Size and Forecast
    6.4.6. Australia
    6.4.6.1. Market Size and Forecast
    6.4.7. India
    6.4.7.1. Market Size and Forecast
    6.4.8. South Korea
    6.4.8.1. Market Size and Forecast
    6.4.9. Rest of Asia-Pacific
    6.4.9.1. Market Size and Forecast
    6.5. South America Mountain Bicycles Market
    6.5.1. South America Market Size & Forecast, By Country
    6.5.2. South America Market Size & Forecast, By Type
    6.5.3. South America Market Size & Forecast, By Application
    6.5.4. Brazil
    6.5.4.1. Market Size and Forecast
    6.5.5. Argentina
    6.5.5.1. Market Size and Forecast
    6.5.6. Rest of South America
    6.5.6.1. Market Size and Forecast
    6.6. Middle East & Africa Mountain Bicycles Market
    6.6.1. Middle East & Africa Market Size & Forecast, By Country
    6.6.2. Middle East & Africa Market Size & Forecast, By Type
    6.6.3. Middle East & Africa Market Size & Forecast, By Application
    6.6.4. GCC Countries
    6.6.4.1. Market Size and Forecast
    6.6.5. Egypt
    6.6.5.1. Market Size and Forecast
    6.6.6. South Africa
    6.6.6.1. Market Size and Forecast
    6.6.7. Rest of Middle East & Africa
    6.6.7.1. Market Size and Forecast

    7. Company Profile
    7.1. Giant Manufacturing Co., Ltd.
    7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    7.1.2. Giant Manufacturing Co., Ltd. Product Category, Application, and Specification
    7.1.3. Giant Manufacturing Co., Ltd. Financial Performance (2015-2019)
    7.1.4. Main Business/Business Overview
    7.2. Trek Bicycle Corporation
    7.3. Specialized Bicycle Components, Inc.
    7.4. Cannondale Corp
    7.5. Santa Cruz Bicycles, LLC
    7.6. SCOTT Sports SA
    7.7. Yeti Cycles, LLC
    7.8. Merida Industry Co., Ltd.
    7.9. Kona USA, Inc.
    7.10. Rocky Mountain Bicycles Ltd.
    7.11. XDS Bikes

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What Report Provides?

• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential

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