Market Scope
The mountain biking equipment market report covers the following areas:
Vendor Insights
The mountain biking equipment market is fragmented, and vendors are deploying growth strategies such as mergers and acquisitions and product innovations to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Active Brands AS
- Endura Ltd.
- EssilorLuxottica
- Fox Racing Inc.
- Giant Manufacturing Co. Ltd.
- Safilo Group Spa
- SCOTT Sports SA
- Shimano Inc.
- Troy Lee Designs Inc.
- Vista Outdoor Inc.
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Geographical Market Analysis
North America will provide maximum growth opportunities in the mountain biking equipment market during the forecast period. According to our research, the region will contribute to 40% of the global market growth and is expected to dominate the market through 2025. The significant increase in outdoor recreational activities among the youth, especially those in the age group of 15-24 years, as well as the rise in consumer preference for mountain biking, will drive the mountain biking equipment market growth in North America during the forecast period.
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Key Segment Analysis
The mountain biking equipment market share growth by the protective gears segment will be significant during the forecast period. The growth is attributed to the significant rise in the demand for mountain bike protective gear due to the rise in the participation rates in mountain biking.
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Key Market Drivers & Challenges:
The mountain biking equipment market is primarily driven by the rising number of mountain bicycle clubs and events. Some of the largest meetups by sports bicycle groups and clubs are Hudson Valley Hikers and the Chicago Hiking Outdoors in the US, the Vancouver Hiking Meetup Group in Canada, and the Trailblazer in the UK, among many others. There has been a significant increase in the number of mountain biking events across the world, such as the Argus Mountain Bike (MTB) Challenge and the eight-day Absa Cape Epic race. Such events will boost the demand for biking equipment, which will drive the growth of the market in focus during the forecast period.
The risk management on biking trails to minimize threats and losses from lawsuits is one of the key challenges faced by the global mountain biking equipment market. There are currently no international standards for mountain biking trail design. Thus, it is important to get an operator or public entity to plan and design a trail. Efficient management and maintenance of mountain biking trails is another challenge. Many lawsuits are a result of improper maintenance. Such factors are expected to negatively impact the market growth during the forecast period.
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Mountain Biking Equipment Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.60% |
Market growth 2022-2026 |
USD 3.99 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.34 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, Canada, China, UK, and Australia |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Active Brands AS, Endura Ltd., EssilorLuxottica, Fox Racing Inc., Giant Manufacturing Co. Ltd., Safilo Group Spa, SCOTT Sports SA, Shimano Inc., Troy Lee Designs Inc., and Vista Outdoor Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Protective gears - Market size and forecast 2021-2026
- Mountain biking tools - Market size and forecast 2021-2026
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Active Brands AS
- Endura Ltd.
- EssilorLuxottica
- Fox Racing Inc.
- Giant Manufacturing Co. Ltd.
- Safilo Group Spa
- SCOTT Sports SA
- Shimano Inc.
- Troy Lee Designs Inc.
- Vista Outdoor Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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SOURCE Technavio
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