Mountain Bike Market size to record USD 3.13 billion growth from 2023-2027, Growth in development of electric mountain bikes is one of the key market trends, Technavio
NEW YORK, April 19, 2024 /PRNewswire/ -- The global mountain bike market size is estimated to grow by USD 3130.99 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of over 5.4% during the forecast period. The mountain bike market is evolving with electric bikes, enhancing riders' pedaling power and making it less taxing. This trend could expand, catering to families with bikes for women and kids. Keywords: Lifestyle diseases, cardiovascular health, virus infections, trekking, youth, health-conscious, physical fitness, bike safety, tourism, standard, cross-country, trail, downhill, all-terrain, dirt jumping, freeride, mountain bike industry, eco-friendly, customer awareness, electric mountain bikes, design, engine support, riding experience, regular mountain bikes, accidents, injuries, off-road adventure.
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Innovation Sparks Market Growth:
The mountain bike market continues to evolve, with electric mountain bikes (eMTBs) gaining popularity. These bikes amplify pedaling power, making mountain biking less strenuous and more accessible to a wider audience, including families and those with cardiovascular diseases or physical limitations. The trend towards eMTBs aligns with people's changing lifestyles, as they seek healthier alternatives to sedentary activities. However, safety concerns persist, with potential risks from bike accidents, collisions, and injuries. The industry caters to various riding styles, including standard, cross country, trail, downhill, all mountain, and dirt jumping bikes. As the tourism industry embraces eco-friendly vehicles, customer awareness of the environmental benefits of mountain biking increases. eMTBs offer engine support, enhancing the riding experience, especially on uphill terrain. Despite these advancements, regular mountain bikes still present risks, particularly from trails' surface flaws. Overall, the mountain bike industry balances innovation with safety, catering to a health-conscious population and offering offroad adventure for the youth generation.
Addressing Challenges:
The mountain bike industry continues to grow, with mountain bikes being recognized as environmentally friendly vehicles for off-road adventure. However, the sport's popularity comes with risks, including accidents, collisions, and injuries caused by surface flaws on trails. To enhance safety, companies develop safety devices and design mountain bikes with pedaling power and engine support. Electric mountain bikes, or e-MTBs, offer an improved riding experience, especially on rough terrain and off-track areas. Regular mountain bikes, though, remain popular due to their high performance, durability, and large wheels with powerful brakes. Despite these advancements, mountain biking carries inherent risks. Weather and sunlight are natural hazards that can lead to serious accidents. Younger consumers are drawn to the sport for its physical exercise and health benefits, including improved heart function and weight loss. However, it's essential to be aware of the risks, such as obesity, losing weight too quickly, and health risks like stroke. As the mountain bike market evolves, new energy engines, such as those powered by diesel or gasoline, and lighter folding bikes, e-mountain bikes, and high-performance bikes continue to emerge.
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Analyst Review
The mountain bike market continues to thrive, with a growing emphasis on customer awareness and innovation. Electric mountain bikes (eMTBs) are gaining popularity, offering pedaling power augmented by engine support for an enhanced riding experience. Regular mountain bikes, known for their durability and performance capacities, remain a staple in the off-road adventure sport. However, safety is paramount, with safety devices such as helmets, protective gear, and powerful brakes essential. Trails can present surface flaws, making accidents, collisions, and injuries a concern. Weather and sunlight also impact the riding experience. Mountain biking tourism is on the rise, attracting younger consumers to explore off-road areas with large wheels and powerful engines. New energy engines are revolutionizing the industry, offering eco-friendly alternatives to traditional bicycles and off-road bikes.
Market Overview
In the dynamic and exhilarating world of mountain biking, the Mountain Bike Market emerges as a premier destination for enthusiasts and newcomers alike. Here, you'll find an extensive array of bikes, from hardtail to full-suspension, catering to various skill levels and terrains. Additionally, the market offers a wide range of accessories, including protective gear, helmets, pedals, and tires, ensuring a customized riding experience. Furthermore, expert advice is readily available from knowledgeable staff, enabling customers to make informed decisions. Whether you're a seasoned rider or just starting your mountain biking journey, the Mountain Bike Market is your one-stop solution for all your biking needs.
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Key Companies:
Mountain Bike Market is fragmented ; the companies are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products. Mountain Bike Market report includes information on the product launches, sustainability, and prospects of leading vendors including Alta Cycling Group, BH BIKES Europe SL, Dorel Industries Inc., Fuji Bikes, Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Guangzhou Trinity Cycles Co. Ltd., Kona Bicycle Co., LAPIERRE SA, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Norco Bicycles, Pending System GmbH and Co. KG, Pivot Cycles EU GmbH, Pon Holdings BV, Rocky Mountain Bicycles, Santa Cruz Bicycles LLC, Trek Bicycle Corp., XDS Bike Co., Youngone Corp.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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