Europe Mountain Bike Market- Industry Trends & Forecast Report 2027 - PDF document

Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 Europe Mountain Bike Market - Industry Trends & Forecast Report 2027 Summary A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the Europe mountain bike market reached USD 5,586.8 million in 2020 and projected to reach USD 10,446.2 million by 2027, growing at a CAGR of 9.5% during the forecast period (2021 - 2027). Due to better riding performance, small and lighter mountain bikes are experiencing good growth in Europe's mountain bike market . Since 2010, the region has been witnessing a dramatic increase in demand from countries such as Germany, the Netherlands, Denmark, and Switzerland. The region is a hub for the cycling industry and possesses a well - established mountain biking infra structure. Mountain bikes have proven really useful in improving heart conditioning and since the region is on the verge of a demographic loss due to declining population rates, it becomes extremely important for leveraging measures that can help improve t he quality of life . Europe Mountain Bike Market - Industry Trends & Forecast Report 2027 Europe mountain bike market reached USD 5,586.8 million in 2020 and is further projected to reach USD 10,446.2 million by 2027, growing at a CAGR of 9.5% during 2021 - 2027 (forecast period). Mountain bikes are witnessing rising standards in the cycling indu stry across all of Europe, as there is an excessive demand for smaller and lighter mountain bikes offering better riding performance. Germany, the Netherlands, Denmark, and Switzerland are the countries contributing the most to the growth of the mountain b ike market in Europe. Moreover, using mountain bikes over a longer period of time can View report Press release Sample report Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 significantly improve the heart condition of an individual. As a result, the overall condition of the Europe mountain bike market has been improving substantially. Europe Mountain Bike Market Overview Also known as rugged machines, mountain bikes are off - road bikes with wide tires and flat handlebars for better handling when it comes to passing through narrow dirt trails. The mountain biking s tyles vary across different accessories and equipment. It generally includes hardtail, full - suspension trails, full - suspension cross - country, full - suspension endure, and others. A mountain bike tire sustains much more pressure than a road or regular bike t ire, owing to its larger size and better traction. The rims attached to these bikes are much stronger and durable, so they are able to handle rough trails and hikes. Steel is used in the majority of current mountain bike frames because of its sustainable m echanical qualities. Aside from that, steel is a reasonably priced material for production. Europe Mountain Bike Market Forecast and Trends Growth Drivers Rising bike infrastructure expenditure, Rising number of older adults in the region Many European c ountries have now begun prioritizing and investing in cycling infrastructure, with Denmark and the Netherlands being among the top players. The segment was already witnessing rising growth potential. In many developed nations across the region, citizens ar e being advised not to use public transportation systems since they can become overcrowded and spread the deadly COVID - 19 virus. Over 34 of the EU's 94 major cities have announced that they have been taking action to renovate their bike infrastructure by r eplacing and renovating traditional cycle paths, enacting traffic reduction strategies and establishing car - free zones. According to one estimate, over USD 1.14 billion has already been spent on revamping the cycling infrastructure and over 1000 km’s have also been implemented so far. As a result, the development of infrastructure is benefiting the growth of the Europe mountain bike market. Rising number of older adults in the region The European region is going through a phase of demographic loss wherein a majority of the region has countries where the citizens have a median age of more than 40 years. The aging process brings with it difficulties associated with balancing and maintaining brain health. A study by the British Medical Association found that ex ercising regularly improves a person's cardiovascular fitness. The study conducted over 10,000 applicants across varied age groups showcased that riding a mountain bike for at least 32.18 km a week reduces the risk of heart disease by 50%. Mountain biking works on major muscle groups that end up requiring a lot of oxygen, thereby contributing to better heart health and longer life. As a result, the factor has proven pivotal in driving the demand for mountain bikes enabling higher growth for Europe mountain bike market. Restraints High technicalities involved in the production of mountain bikes Recently, the number of mountain bikes with suspension and discs has increased across Europe. Due to increased suspensions, mountain bikes require a greater amount of maintenance and management. For instance, if a person is using simple Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 trail bikes and comes across a damaged brake, chain, the person would be able to fix the things on the way. However, a damaged rear cable is going to make you wait until a mechanic or a biking professional arrives at your place and lends you a helping hand with the fixation of the suspensions and cables. Since the European region is experiencing a rise in geriatrics and declining birth rates, difficulties may have to be faced by older adu lts, which will also make mountain bikes less useful in the future. As a result, these factors are negatively contributing to the growth of the European mountain bike market. Impact of COVID - 19 on Europe Mountain Bike Market COVID - 19 may have hampered the supply chain and production of mountain bikes around Europe during the initial phase of the pandemic, as infection rates rose and lockdown measures were taken to contain the spread of the virus. However, in the post - recovery phase, the market is predicted to rise sharply, with the relief packages offered as one of the primary drivers and driving factors for the market across Europe. Rising infection rates across Europe have prompted EU officials to take steps to minimize infection rates and the number of pe ople using public transportation in the region. With the plan still being implemented with the help of numerous bike associations along with International Mountain Biking Association, the region is looking forward to reduce the public transportation load a nd help in stimulating the growth of the cycling industry as a whole, which in turn will positively impact the growth of the Europe mountain bike market. Europe Mountain Bike Market - By Type Based on types, the Europe mountain bike market is segmented into downhill bike, free ride bike, dirt jumping bike, cross country bikes and all mountain bikes. The cross - country mountain bike segment accounted for the largest share in the market in the yea r 2020 and grew at a strong CAGR over the historical period. Cross country bikes are designed with a single suspension system that enables easy manoeuvring across tedious terrains. Due to their lighter design and reduced wheel space, these bikes are more d esirable for Europeans, since they prefer to ride their bikes for shorter distances. In terms of mountain biking, these bikes are less demanding of efforts and provide greater acceleration than other mountain bikes, which has been contributing to the growt h of the European mountain bike market. Europe Mountain Bike Market - By Application Based on applications, the Europe mountain bike market can be bifurcated into racing and leisure. The racing segment accumulated the larger share in the Europe mountain bik e market, and the segment is expected to witness a strong CAGR over the coming years. Since the COVID - 19 pandemic hit, the racing events had lost momentum. The segment is again expecting stronger recoveries during the forecast period, which will help it ac hieve substantial growth potential. Also, the Union Cycliste Internationale (UCI) reports that their events have experienced a rise in the number of event organizers, thereby contributing to the growing market for mountain bikes in Europe. Europe Mountain Bike Market - By Country Based on countries, the Europe mountain bike market has been grouped into Germany, the UK, France, Italy, and the rest of EU. Germany accounted for the largest share in the Europe mountain bike market i n 2020. Germany is home to Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 some of the oldest bicycle manufacturers which have provided the region with a competitive edge over others in terms of understanding the mechanics of crafting a comfortable and efficient bicycle. An estimate from Eurostat says t hat there are over 73.5 million bicycles in Germany; this translates to almost 8 out of 10 households having a bicycle. It has thus, benefitted in expanding the presence of mountain bikes across the region. Aside from this, the country hosts several advent ure sports which have promoted the exposure and demand for mountain bikes in Germany, contributing to the growth of the European mountain bike market. Competitive Landscape The companies across the Europe mountain bike market are leveraging the latest tech nologies for the development of resilient mountain bikes, thereby expanding sales and increasing the manufacturing capacity for capturing higher market shares in the industry. The Europe mountain bike market is fragmented with a lot of players being engage d in the development and production of mountain bikes across the region. New entrants have an increased opportunity in the Europe mountain bike market in light of mergers and acquisitions taking place. Some of the key players in the Europe mountain bike ma rket are Accell Group N.V., Giant Manufacturing Co. Ltd, Pivot Cycles, Scott Sports SA, Trek Bicycle Corporation, 3T cycling, Cube Bikes, Ghost Bikes, Wilier Triestina S.p.A. and other prominent players. Recent Developments  In June 2021 , Shimano Inc. unveiled the updated and newer version of Dura - Ace 12 - speed at Baloise Belgium Tour. The major changes and updates to the bike include a transition to 12 - speed and a new shifter profile. The overall style and aesthetics for the bike remain the same as that of the current - generation groupset. The crankset has been updated to add more angularity, the front derailleur has been reduced in size, and the rear derailleur has been redesigned to be slimmer.  In April 2021, Wilier Triestina S.p.A announ ced the launch of URTA SLR which marks an evolution in the mountain bike across Italy. The mountain bike is designed to offer a more technical cross - country biking experience. The frame is crafted in a way that allows for reaching extremely high levels of stability and traction. The efficiency and reliability reviews for the bike make it one of the best launches of the year and is suitable for those who are looking forward to topping their performances on XCO/XCM courses. Scope of Report Attribute Details Years considered Historical data - 2016 - 2020 Base Year - 2020 Forecast - 2021 - 2027 Facts covered Revenue in USD million Market coverage Germany, UK, France, Italy and Rest of EU Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 Product/ Service segmentation By Type, By Application, By Region Key Players Accell Group N.V., Giant Manufacturing Co. Ltd, Pivot Cycles, Scott Sports SA, Trek Bicycle Corporation, 3T cycling, Cube Bikes, Ghost Bikes, Wilier Triestina S.p.A. and other prominent players . By Type  Downhill bike  Free ride bike  Dirt jumping bike  Cross country bikes  All - mountain bikes By Application  Racing  Leisure By Country  Germany  UK  France  Italy  Rest of EU Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your bu siness plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets w ithin the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, k indly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Europe Mountain Bike Market to Witness Astonishing Growth: Expected to Reach USD 10,446.2 million in 2027