Mountain Bikes Market Research Report: By Type (Downhill, Freeride, Dirt Jumping, Cross Country, All Mountain and Others), by Riding Type (Indoor and Outdoor), by Application (Racing and Leisure), by End-Users (Beginners/ Intermediate riders and Advanced

Mountain Bikes Market Research Report: By Type (Downhill, Freeride, Dirt Jumping, Cross Country, All Mountain and Others), by Riding Type (Indoor and Outdoor), by Application (Racing and Leisure), by End-Users (Beginners/ Intermediate riders and Advanced Riders), By End-Users Age (Kids/Teenagers, Adults and Seniors), by End-Users Gender (Men, Women and Unisex) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Industry Forecast Till 2032

The mountain bike market was valued at USD 12433.78 million in 2023. The Mountain Bikes Market is expected to increase from USD 13266.85 million in 2024 to USD 26279.75 million by 2032, with a compound yearly growth rate (CAGR) of 8.9% over the forecast period (2024-2032). The worldwide mountain bike market is expanding rapidly due to several factors. The increased need for robust and strong motorcycles, particularly during the COVID-19 pandemic, has moved the market ahead. With a rising interest in outdoor activities and adventure, mountain biking is an appealing alternative for those looking for thrilling experiences. Furthermore, technological developments like as novel suspension systems improve the riding experience, driving up demand.

Furthermore, mountain bikes open up new sporting opportunities by supporting riders in overcoming different need profiles and varying levels of difficulty, whereas electric bikes make the ride easier. While electric mountain bikes provide a superior riding experience, their higher weight may make them difficult to control on extended excursions. In this way, technical advancements, such as the development of electric mountain bikes, will propel the global mountain bike market forward.

Market Segment insights
The Mountain Bikes Market is divided into six types: downhill, freeride, dirt jumping, cross country, all mountain, and others.
The market is divided into two segments based on riding type: outdoor and indoor.
The Mountain Bikes Market is divided into two segments based on application: racing and leisure.
The market has been divided into two segments based on end users: beginners/intermediate riders and advanced riders.

Regional insights
The study covers North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America includes the United States, Canada, and Mexico. The North American mountain bike market is experiencing a boom in demand, driven by a variety of factors, including the increased popularity of bicycles for trekking and recreational purposes. This trend is fueled by an increase in cycling events throughout the region, which attract enthusiasts and build a lively cycling culture.

For this study, the Europe region includes the United Kingdom, Germany, France, and the rest of Europe. Europe's growing interest in e-mountain bicycles signals a significant shift in the cycling environment, ushering in a new era of accessibility and excitement for riders across the continent. The introduction of electric bikes has transformed traditional mountain biking, providing riders with unprecedented levels of discovery and excitement.

Mountain biking is gaining popularity in the Asia Pacific region, thanks to its growing appeal in nations such as Australia, India, and Japan. Notably, tourism locations like Bali have contributed significantly to the rise of mountain biking in this diverse region.

Major Players
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 are the market's leading vendors.