The Mountain Bike Market is being driven by Mountain biking tourism acts as catalyst for economic development
The Mountain Bike Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3779.6 million. The mountain bike market has witnessed significant progress with the introduction of electric mountain bikes, which incorporate advanced design and technology. These bikes enable riders to augment their pedaling power, enhancing the riding experience while reducing physical exhaustion. The adjustable engine support levels cater to varying rider abilities, allowing stronger riders to conserve energy or completely disengage the engine. Uphill rides become more accessible for less experienced or weaker riders with increased engine support. As mountain biking evolves from a male-dominated sport to a family activity, there is a growing demand for electric mountain bikes designed for women and children, potentially boosting market sales.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
240 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2025-2029 |
USD 3779.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.4 |
Key countries |
US, China, UK, Germany, Canada, Japan, Brazil, Singapore, France, UAE, Canada, Italy, India, Japan, South Africa, Saudi Arabia, Brazil, and Argentina |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Mountain Bike market caters to enthusiasts seeking an off-road adventure sport experience. Traditional Mountain Bikes rely on pedaling power, while Electric Mountain Bikes offer engine support for a smoother ride. Safety devices are crucial for tackling trails with surface flaws. New energy engines and powerful brakes enhance performance capacities, attracting younger consumers. Off-road biking tourism thrives on the rugged terrain and off-track areas. Both types cater to diverse riding experiences, with Electric Mountain Bikes providing an added boost for tackling challenging terrains.
In the global motorcycle manufacturing industry, environmental consciousness and customer preferences are driving the shift towards eco-friendly two-wheelers, specifically electric mountain bikes. This segment is poised for significant growth as pedaling power is augmented with engine support, enhancing the overall riding experience. The APAC region, which dominates the market, is witnessing a surge in demand for such vehicles due to increasing awareness and affordability. Key players in this sector include traditional motorcycle manufacturers expanding their product offerings to cater to this emerging trend. The market size is calculated based on the consolidated revenue generated by these companies. The growing popularity of electric mountain bikes, particularly in India, China, Indonesia, and Thailand, is expected to fuel the market's expansion in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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