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The mountain biking equipment market share is expected to increase by USD 3.99 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.60%.
This mountain biking equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mountain biking equipment market segmentation by product (protective gears and mountain biking tools) and geography (North America, Europe, APAC, South America, and MEA). The mountain biking equipment market report also offers information on several market vendors, including 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. among others.
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The rising number of mountain bicycle clubs and events is notably driving the mountain biking equipment market growth, although factors such as risk management may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mountain biking equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Mountain Biking Equipment Market Driver
One of the key factors driving the global mountain biking equipment market growth is the rising number of mountain bicycle clubs and events. Globally, there are 2,105 such groups with 1,074,892 members in 920 cities across 50 countries. 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 rise in the number of mountain biking events across the globe such as the Argus Mountain Bike (MTB) Challenge and the eight-day Absa Cape Epic race. In 2021, the organizers of the MTB challenge announced plans to limit the number of participants in the future to improve the quality of the race. The Nedbank Sani2c, with more than 4,000 participants, is one of the largest MTB races in the world. Such events will boost the demand for biking equipment, which will drive the growth of the market in focus during the forecast period.
Key Mountain Biking Equipment Market Challenge
One of the key challenges to the global mountain biking equipment market growth is the risk management on biking trails to minimize threats and losses from lawsuits. There are currently no international standards for mountain biking trail design. Thus, it is important to get an operator or public entity that is familiar with the requirements of mountain biking to plan and design a trail. For instance, the US Forest Service, the International Mountain Bicycling Association (IMBA), and the Forest Commission of Great Britain all offer publications related to mountain biking trail design and construction requisites. Furthermore, efficient management and maintenance of mountain biking trails is another challenge. Many lawsuits are a result of improper maintenance, hence making this one of the most important aspects of risk management. Such factors are expected to negatively impact the market growth during the forecast period.
This mountain biking equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the mountain biking equipment market encompasses successful business strategies deployed by the key vendors. The mountain biking equipment market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and product innovations to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The mountain biking equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for mountain biking equipment in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The significant increase in outdoor recreational activities among the youth, especially those in the age group of 15-24 years, and the rise in consumer preference for mountain biking will facilitate the mountain biking equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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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 increase in the demand for mountain bike protective gear owing to the rise in the participation rates in mountain biking. The influx of value-added and innovative mountain biking equipment will have a significant and positive impact on the growth of the market segment in the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mountain biking equipment market size and actionable market insights on post COVID-19 impact on each segment.
Mountain Bike market - The expected market share growth from 2022 to 2027 is USD 13540.97 million for the mountain bike market, and it is estimated to grow at a CAGR of 5.4%
Mountain Warfare market - The market share is expected to increase by USD 1.76 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.45%.
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Mountain Biking Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.60% |
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Market growth 2022-2026 |
$ 3.99 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.34 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 40% |
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Key consumer countries |
US, Canada, China, UK, and Australia |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Leisure products
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Service
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market size 2021
**3.3 Market segment analysis
*Exhibit 12: Market segments
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*3.4.3 Impact of COVID-19 on the market in focus
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*Exhibit 22: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 23: Comparison by Product
**5.3 Protective gears - Market size and forecast 2021-2026
*Exhibit 24: Protective gears - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Protective gears - Year-over-year growth 2021-2026 (%)
**5.4 Mountain biking tools - Market size and forecast 2021-2026
*Exhibit 26: Mountain biking tools - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Mountain biking tools - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 28: Market opportunity by Product
***6. Customer landscape
**6.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 29: ?Customer landscape?
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 30: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 31: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 32: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: Popular mountain biking destinations in North America
*Exhibit 34: North America - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 35: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Popular mountain biking destinations in Europe
*Exhibit 37: Europe - Year-over-year growth 2021-2026 (%)
**7.5 APAC - Market size and forecast 2021-2026
*Exhibit 38: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: Popular mountain biking destinations in APAC
*Exhibit 40: APAC - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 41: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 42: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 43: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 45: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 46: Market opportunity by geography
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising number of mountain bicycle clubs and events
*8.1.2 Rise in government initiatives promoting cycling
*8.1.3 Growing prominence of biking as an outdoor recreational activity demand for convenience in pharmaceutical packaging
**8.2 Market challenges
*8.2.1 Risk management
*8.2.2 Unfavorable weather conditions
*8.2.3 Rising prices of raw materials
*Exhibit 47: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rising prominence of online sales
*8.3.2 Growing popularity of eco-friendly bikes
*8.3.3 Introduction of trails in parks
***9. Vendor Landscape
**9.1 Overview
*Exhibit 48: Vendor landscape
*The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
**9.2 Landscape disruption
*Exhibit 49: ?Landscape disruption?
*Exhibit 50: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 51: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 52: ?Market positioning of vendors?
**10.3 Active Brands AS
*Exhibit 53: Active Brands AS - Overview
*Exhibit 54: Active Brands AS - Product and service
*Exhibit 55: Active Brands AS - Key offerings
**10.4 Endura Ltd.
*Exhibit 56: Endura Ltd. - Overview
*Exhibit 57: Endura Ltd. - Product and service
*Exhibit 58: Endura Ltd. - Key offerings
**10.5 EssilorLuxottica
*Exhibit 59: EssilorLuxottica - Overview
*Exhibit 60: EssilorLuxottica - Business segments
*Exhibit 61: EssilorLuxottica - Key offerings
*Exhibit 62: EssilorLuxottica - Segment focus
**10.6 Fox Racing Inc.
*Exhibit 63: Fox Racing Inc. - Overview
*Exhibit 64: Fox Racing Inc. - Product and service
*Exhibit 65: Fox Racing Inc. - Key offerings
**10.7 Giant Manufacturing Co. Ltd.
*Exhibit 66: Giant Manufacturing Co. Ltd. - Overview
*Exhibit 67: Giant Manufacturing Co. Ltd. - Product and service
*Exhibit 68: Giant Manufacturing Co. Ltd. - Key offerings
**10.8 Safilo Group Spa
*Exhibit 69: Safilo Group Spa - Overview
*Exhibit 70: Safilo Group Spa - Business segments
*Exhibit 71: Safilo Group Spa - Key offerings
*Exhibit 72: Safilo Group Spa - Segment focus
**10.9 SCOTT Sports SA
*Exhibit 73: SCOTT Sports SA - Overview
*Exhibit 74: SCOTT Sports SA - Product and service
*Exhibit 75: SCOTT Sports SA - Key offerings
**10.10 Shimano Inc.
*Exhibit 76: Shimano Inc. - Overview
*Exhibit 77: Shimano Inc. - Business segments
*Exhibit 78: Shimano Inc. - Key offerings
*Exhibit 79: Shimano Inc. - Segment focus
**10.11 Troy Lee Designs Inc.
*Exhibit 80: Troy Lee Designs Inc. - Overview
*Exhibit 81: Troy Lee Designs Inc. - Product and service
*Exhibit 82: Troy Lee Designs Inc. - Key offerings
**10.12 Vista Outdoor Inc.
*Exhibit 83: Vista Outdoor Inc. - Overview
*Exhibit 84: Vista Outdoor Inc. - Business segments
*Exhibit 85: Vista Outdoor Inc. - Key offerings
*Exhibit 86: Vista Outdoor Inc. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 Notes and Caveats
**11.2 Currency conversion rates for US$
*Exhibit 87: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 88: ?Research Methodology
*Exhibit 89: ??Validation techniques employed for market sizing?
*Exhibit 90: ??Information sources
**11.4 List of abbreviations
*Exhibit 91: List of abbreviations
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