Overview of the Market

  • In 2023, the mountain bike market was estimated to be worth USD 12433.78 million. It is anticipated that the mountain bike market would expand at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2032, from USD 13266.85 million to USD 26279.75 million. The market for mountain bikes is expanding rapidly worldwide due to several important factors. The market has advanced due to the spike in demand for strong and long-lasting bikes, especially during the COVID-19 pandemic. As people’s interest in adventure and outdoor activities grows, mountain biking presents a strong alternative for thrill-seekers. Additionally, technological developments like creative suspension systems are improving the riding experience and increasing demand.
  • Additionally, while electric bikes facilitate riding, mountain bikes open up additional athletic options by helping riders tackle fresh needs profiles and varying degrees of difficulty. Because electric mountain bikes are heavier than conventional mountain bikes, users may find it difficult to manage them during lengthy trips, even though they provide a superior riding experience. As a result of technology advancements like the development of electric mountain bikes, the worldwide mountain bike industry will rise.
  • Perspectives on Market Segments
  • The market for mountain bikes has been divided into several categories, including cross-country, dirt-jumping, freeriding, downhill, all-mountain, and others.
  • The market has been divided into indoor and outdoor segments based on riding type.
  • The mountain bike market has been divided into two segments based on application: racing and leisure.
  • The market has been divided into two segments based on end users: advanced riders and beginners/intermediate riders.


Regional Perspectives

  • North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are the regions for which the study offers market insights. The United States, Canada, and Mexico make up North America. Demand for mountain bikes in North America is rising due to several causes, including the increasing acceptance of bicycles for trekking and leisure. The region’s growing number of cycling events, which draw enthusiasts and promote a thriving cycling culture, supports this development.
  • The study’s Europe region includes the UK, Germany, France, and the rest of Europe. The increasing popularity of e-mountain bikes in Europe is indicative of a significant change in the cycling scene, bringing with it a new era of accessibility and excitement for riders all over the continent. Traditional ideas of mountain riding have been changed by the introduction of electric bikes, which provide riders with an unparalleled degree of adventure and exploration.
  • Mountain biking’s growing appeal in nations like Australia, India, and Japan is the reason for its rising popularity in the Asia Pacific area. Notably, the rise of mountain biking in this multicultural area has also been greatly aided by popular tourist spots like Bali.


Key Players
Trinx Bikes, XDS Bikes, Trek Bicycle Corporation, Diamondback Bicycles, SHIMANO INC., BH Bikes, Santa Cruz, Accell Group, Giant Manufacturing Co. Ltd., and Pivot Cycles are the leading suppliers in the industry.