Global Mountain Bikes Market to Reach US$16.7 Billion by 2030
The global market for Mountain Bikes estimated at US$11.6 Billion in the year 2023, is expected to reach US$16.7 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Competition End-Use, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the Leisure End-Use segment is estimated at 5.8% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.0 Billion While China is Forecast to Grow at 8.3% CAGR
The Mountain Bikes market in the U.S. is estimated at US$3.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook