Germany Mountain Bike Market Size, Share, and COVID-19 Impact Analysis, By Type (Free Ride Bike, Dirt Jumping Bike, Downhill Bike, Cross Country Bikes, All Mountain Bikes), By Application (Racing, Leisure), and Germany Mountain Bike Market Insights, Industry Trend, Forecasts to 2033

Industry: Automotive & Transportation

RELEASE DATE Mar 2024
REPORT ID SI3974
PAGES 200
REPORT FORMAT PathSoft

Germany Mountain Bike Market Insights Forecasts to 2033

  • The Germany Mountain Bike Market Size was valued at USD 3,156.3 Million in 2023.
  • The Market is Growing at a CAGR of 9.41% from 2023 to 2033
  • The Germany Mountain Bike Market Size is expected to reach USD 7,756.8 Million by 2033

Germany Mountain Bike Market

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The Germany Mountain Bike Market Size is anticipated to exceed USD 7,756.8 Million by 2033, growing at a CAGR of 9.41% from 2023 to 2033.

 

Several factors contribute to the development of the German mountain bike market, especially a growing age range of 40-60-year-olds, greater awareness of the country's varying climatic circumstances, and an increase in mountain riding events.

 

Market Overview

A type of bicycle specifically designed for off-road cycling on rough terrain such as dirt trails, gravel paths, and rocky surfaces is called a mountain bike. They typically come with features like sturdy frames, wide tires with aggressive tread patterns for enhanced traction, suspension systems to absorb shock from bumps and uneven terrain, and multiple gears to navigate various inclines and obstacles. Mountain bike tires can withstand more pressure than road or standard bike tires because of their higher volume and superior traction. Furthermore, the robust rims of these bicycles are crafted to withstand the challenges of tough terrain and strenuous hikes, ensuring a durable ride every time. Steel, known for its durability and resilience, is widely utilized in the construction of modern mountain bike frames due to its exceptional mechanical properties and ability to endure demanding conditions. Despite the cost-effective nature of the steel used in production, it provides a reliable foundation, making mountain bikes a popular choice among cycling enthusiasts seeking both performance and longevity.

 

Report Coverage

This research report categorizes the market for the Germany mountain bike market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the mountain bike market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the mountain bike market.

 

Germany Mountain Bike Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 3,156.3 Million
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :9.41%
2033 Value Projection:USD 7,756.8 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Application and COVID-19 Impact Analysis.
Companies covered::MSA Motor Sport Accessoires GmbH, Cube Bikes, Peugeot Cycles, Trek Bicycle Corporation, Focus Bikes, Canyon Bicycles GmbH, H&S Bike-Discount GmbH, Scott Sports AG, Ghost Bikes, Nicolai Bicycles, Cinelli, Radon Bikes and other key vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

According to the European Cyclists Federation, the German federal government intends to invest more than US$1.02 Million in bicycle facilities to support a national climate protection program. In addition to enhancing the country's bicycle infrastructure, the expenditures are projected to increase cycling's potential as a form of environmentally friendly transportation. In addition to this, increased sales of e-mountain bikes throughout the country are propelling the German mountain bike market. Germany is home to around 83 million people. Because of its size and population, Germany is best known for its automobile culture, bypassing the potential expansion of bicycles, much alone mountain bikes. However, the current focus on biking infrastructure has pushed the country to make the switch from vehicles to bikes. Bicycling not only promotes safer transportation but also reduces the amount of car accidents. The German Transport Minister declared that the government intends to transition the country to a cleaner way of transportation. The government is also considering granting tax breaks on pricey mountain bikes, which is expected to boost the German mountain bike sector.

 

Restraining Factors

Some mountain bikes' poor capabilities could be a barrier to the German mountain bike market. Consequently, e-bikes and mountain bikes become unusable on mountainous trails and in races. If the bike's battery is mounted in the down tube on a larger scale, the turns may be smoother; nevertheless, the handlebar may not be operating at full capacity, causing the rider to ride carefully to avoid accidents. However, it may be difficult for a newbie rider to handle such motorcycles, requiring more concentration than other riders. As a result, it has slowed and hampered the expansion of the German mountain bike market.

 

Market Segmentation

The Germany mountain bike market share is classified into coverage type and application.

 

  • The cross-country mountain bike segment is expected to hold a significant share of the Germany mountain bike market during the forecast period.   

The Germany mountain bike market is segmented by type into free ride bike, dirt jumping bike, downhill bike, cross-country bikes, and all mountain bikes. Among these, the cross-country mountain bike segment is expected to hold a significant share of the Germany mountain bike market during the forecast period. Cross country bikes are a good substitute for road cycles. The bikes are intended to improve the rider's pedaling performance and agility during the journey, allowing them to have a smooth cycling experience. The bikes are distinguished by their lightweight construction and reduced wheel coverage compared to other mountain bikes. Cross-country training can also enhance a rider's VO2 levels, recovery times, and lactate threshold, all of which contribute to better cardiovascular health. All of these elements have played a significant role in Germany's mountain bike market's continued expansion.

 

  • The mobile devices segment is expected to hold the largest share of the Germany mountain bike market during the forecast period.

Based on the application, the Germany mountain bike market is divided into racing and leisure. Among these, the mobile devices segment is expected to hold the largest share of the Germany mountain bike market during the forecast period. Although the country has seen an increase in racing events, the downturn has been enhanced by COVID-19 regulations. The implementation of COVID-19 vaccination in Germany has positively impacted the COVID-19 scenario, leading to a boost in the number of events hosted in the nation and enhancing the performance of the mountain bike industry within Germany.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany mountain bike market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • MSA Motor Sport Accessoires GmbH
  • Cube Bikes
  • Peugeot Cycles
  • Trek Bicycle Corporation
  • Focus Bikes
  • Canyon Bicycles GmbH
  • H&S Bike-Discount GmbH
  • Scott Sports AG
  • Ghost Bikes
  • Nicolai Bicycles
  • Cinelli
  • Radon Bikes
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In February 2024, Cube is introducing a remarkable selection of electric bicycles in 2024, that merge advanced technology with exceptional performance. These electric bicycles go beyond being ordinary bikes with electric motors; they combine creativity, style, and strength to elevate the cycling experience to a whole new level. Cube is establishing new benchmarks in versatility and aesthetics with this selection, tailoring each model to suit various needs and styles of today's cyclists. Each bike in the range, from city commuter to mountain bikes, is created to provide a perfect balance of comfort, performance, and enjoyment while riding.

 

Market Segment

This study forecasts country revenue from 2020 to 2033. Spherical Insights has segmented the Germany washing machine market based on the below-mentioned segments:

 

Germany Mountain Bike Market, By Type

  • Free Ride Bike
  • Dirt Jumping Bike
  • Downhill Bike
  • Cross Country Bikes
  • All Mountain Bikes

 

Germany Mountain Bike Market, By Application

  • Racing
  • Leisure

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