According to the report “Mountain Biking Equipment Market by Product and Geography – Forecast and Analysis 2022-2026“, the market will witness a YOY growth of 4.34% in 2022 and a CAGR of 4.60% during the forecast period. The report is segmented by product (protective gears and mountain biking tools) and geography (North America, Europe, APAC, South America, and MEA).
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The mountain biking equipment market report covers the following areas:
- Mountain Biking Equipment Market size
- Mountain Biking Equipment Market trends
- Mountain Biking Equipment Market industry analysis
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.
- 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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