Mountain Bike Equipment Market Size Expected to Grow by USD 3.99 Billion

Market scope

The ATV Equipment Market report covers the following areas:

Supplier Information

The ATV equipment market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and product innovations to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Active brands AS
  • Endura Ltd.
  • EssilorLuxottica
  • Fox Racing Inc.
  • Giant Manufacturing Co.Ltd.
  • Spa Safilo Group
  • SCOTT Sports SA
  • Shimano Inc.
  • Troy Lee Designs Inc.
  • Vista Outdoor Inc.

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Geographic Market Analysis

North America will provide maximum growth opportunities in the mountain bike equipment market over the forecast period. According to our research, the region will contribute 40% of the global market growth and is expected to dominate the market till 2025. The significant increase in outdoor recreational activities among young people, especially those in the age group of 15 -24 years, along with increasing consumer preference for mountain biking will drive the growth of the mountain biking equipment market in North America during the forecast period.

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Analysis of key segments

The growth of the mountain bike equipment market share by protective equipment segment will be significant during the forecast period. The growth is attributed to the significant increase in demand for mountain bike protective gear due to increased mountain biking participation rates.

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Key Market Drivers and Challenges:

The mountain bike equipment market is mainly driven by the growing number of mountain bike clubs and events. Some of the largest meetups organized by sport bike groups and clubs are Hudson Valley Hikers and Chicago Hiking Outdoors in the United States, 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 bike events around the world, such as the Argus Mountain Bike (MTB) challenge and the eight-day Absa Cape Epic race. Such occurrences will boost the demand for bicycle equipment, which will drive the growth of the market over the forecast period.

the risk management on cycle paths to minimize threats and losses from lawsuits is one of the major challenges facing the global ATV equipment market. There are currently no international standards for mountain bike trail design. Thus, it is important to ask an operator or a public entity to plan and design a trail. Another challenge is the effective management and maintenance of mountain bike trails. Many lawsuits are the result of poor maintenance. These factors are expected to negatively impact the growth of the market over the forecast period.

Download a free sample for highlights on riders and market challenges impacting mountain bike gear.

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Scope of the mountain bike equipment market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.60%

Market Growth 2022-2026

$3.99 billion

Market structure

Fragmented

Annual growth (%)

4.34

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 40%

Main consumer countries

United States, Canada, China, United Kingdom and Australia

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

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

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Protective equipment – Market size and forecast 2021-2026
  • Mountain Bike 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
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Active brands AS
  • Endura Ltd.
  • EssilorLuxottica
  • Fox Racing Inc.
  • Giant Manufacturing Co.Ltd.
  • Spa Safilo Group
  • SCOTT Sports SA
  • Shimano Inc.
  • Troy Lee Designs Inc.
  • Vista Outdoor Inc.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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