rising number of mountain bicycle clubs and events is driving the Mountain Biking Equipment Market
Technavio analyzes that the Mountain Biking Equipment Market is expected to grow at a CAGR of 4.9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4701.9 million.There are various factors that contribute to the growth of the market. The mountain biking industry is experiencing significant growth due in part to the increasing number of mountain bicycle clubs and events. These organizations provide opportunities for enthusiasts to connect, share knowledge, and participate in competitions. This trend is driving demand for high-quality mountain biking equipment, including durable frames, advanced suspension systems, and efficient braking and shifting components. As a result, manufacturers are investing in research and development to meet the evolving needs of this dynamic market.
The global mountain biking equipment market is poised for growth due to the increasing participation rates in this non-polluting, eco-friendly sport. Protective gear, including helmets, gloves, goggles, body armor, elbow and knee pads, will experience significant expansion as vendors introduce innovative designs, colors, shapes, and lightweight materials to cater to diverse consumer needs. The European market, driven by the adventure tourism industry, will witness notable growth. Additionally, initiatives like the Breeze women-only rides address the requirement for comfort and confidence among women mountain bikers, while addressing poor riding skills and high maintenance costs. The market also includes offerings for steep slope racing and loose dirt tracks, ensuring a comprehensive solution for all mountain biking experiences. Vendors must prioritize safety, performance, and sustainability to meet the evolving demands of this dynamic industry and engage with host communities to ensure positive social impact.
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Mountain Biking Equipment Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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Explore the vibrant world of mountain biking, where gear and maintenance for durable bikes are essential for conquering various mountain bike trails. Brands offer a range of mountain bike gear, from e-mountain bikes to accessories, catering to diverse physical capabilities. Indoor riding and photography are alternative ways to engage with the mountain bike culture. Safety tips ensure a secure off-road adventure, while women's bikes and the women's cycling community promote healthy recreation. Eco-friendly cycling, such as gravel and sustainable tourism, presents a non-polluting transport option. Mountain bike vacations offer thrilling off-road experiences, and training and skills development enhance endurance cycling. Thick tires and bikepacking equipment are essential for muddy tracks, and technology advances fuel mountain bike racing and history. Mountain bike videos showcase the excitement of off-road riding and the mountain bike community.
The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of this market is influenced by several factors, including the surge in health club memberships. With the increasing number of fitness enthusiasts, there is a growing demand for cardiovascular activities like mountain biking. This adventure sport requires sturdy bikes with suspension systems, pedaling power for great speeds, and skilled cyclists to navigate risky actions on tough trails. Intermediate riders seek bikes with engine support and durable components to enhance their cross-country experiences, leading to increased satisfaction and continued participation in this recreational activity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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