Mountain riding has become more and more well-liked in recent years as a result of things including the rising interest in adventure sports and more knowledge of bike's positive effects on one's health. Since mountain bikes are a major factor in the market for suspension for mountain bikes, this has increased demand for them. Another factor fueling the expansion of this industry is the rising disposable income of consumers in emerging economies, who are spending more on leisure activities.
The growing popularity of mountain biking and the rising disposable income of consumers in emerging economies are the main factors driving the market for mountain bike suspension. Popular among adventurers, mountain riding calls for the use of a bicycle with certain features. The front and rear suspensions on these bicycles help to lessen the effect of bumps and potholes on the trail. Demand for mountain bikes with front and rear suspension has increased in tandem with mountain biking's rising popularity. Additionally, given that these bikes are relatively expensive, rising disposable income among consumers in emerging economies has led to an increase in demand for them.
The comfort and control of a mountain bike can be enhanced with the help of a suspension system. To smooth out the bumps and shocks that come with riding over bumpy roads, the suspension system is made up of suspension spring and shock absorbers. Even though most mountain bikes include both types of suspension, mountain bike suspension can be front or rear. A mountain bike's suspension system offers several advantages that enhance ride pleasure. When travelling over uneven terrain, suspension works to reduce shocks and vibrations, making the ride more comfortable. By keeping the tyres on the ground while passing over obstacles, suspension can also aid to increase traction and control. This may aid in avoiding the bike skidding or slipping out of control.
Mountain bike suspension sales are anticipated to increase at a CAGR of 5.2% from 2017 to 2031, reaching a value of USD 2.93 billion.
.png)
Mountain biking's rising popularity and consumers' rising disposable income in emerging nations are both factors contributing to the expansion of this market.
One of the main issues impeding the growth of the mountain bike suspension market is the high cost of mountain bikes with suspension systems. A mountain bike with a suspension system typically costs between $1,000 and $5,000, which is much more expensive than a mountain bike without a suspension system. The adoption of mountain bike suspension systems is significantly hampered by this high price, particularly in poorer nations. Conversely, due to the increased popularity of mountain biking and consumers' increasing disposable money, the market for mountain bike suspension is anticipated to expand quickly in developed nations like the United States, Canada, and Germany.
COVID-19 Impact and Market Status
The COVID-19 epidemic has significantly impacted the world economy, putting a stop to major businesses. One of the most impacted industries is the automotive sector, where sales and output have fallen dramatically in recent months. But things are starting to return to normal, and many businesses are starting to operate again. The market for mountain bike suspension is also anticipated to benefit from this. In the upcoming years, this market's expansion is anticipated to be fueled by the growing appeal of mountain biking as a sports analytics.
Segment Analysis
The Front Suspension Type emerged as the Most Booming Segment
The mountain bike suspension market is divided into two groups based on type: front suspension and rear suspension. During the forecast period, the front suspension sector is anticipated to develop at the fastest CAGR. By absorbing the shocks from impediments like pebbles and roots, the front suspension system is in charge of giving the rider comfort. Because it offers superior control over the bike and a smooth ride on rocky terrain, this style of mountain bike suspension system seems to be preferred among mountain bike riders.
The Most Prominent Application Segment is the Hard Tail Mountain Bike
The mountain bike suspension market has been divided into two categories based on applications: hardtail mountain bikes and soft-tail mountain bikes. Because of their light weight and ease of movement, hardtail mountain bikes are anticipated to expand at a faster CAGR throughout the forecast period. To help with shock absorption from obstacles, hardtail mountain bikes have a suspension fork in the front wheel.
The OEM appear as the most emerging Service
The market for mountain bike suspension has been divided into OEM and Aftermarket categories based on services. Due to the rising demand for mountain bikes from top bicycle manufacturers, the original equipment manufacturers (OEM) segment is anticipated to account for the lion's share of the market for mountain bike suspension during the forecast period.
The North American Region to render Ample Financing Opportunities
Based on services, the mountain bike suspension industry has been divided into OEM and Aftermarket. Due to the rising demand for mountain bikes from top bicycle manufacturers, the original equipment manufacturers (OEM) sector is anticipated to account for the lion's share of the market for mountain bike suspension over the forecast period.
Among others, ZOOM Suspension forks Co. Ltd. (Taiwan), RockShox, DVO Suspension, X-Fusion Shox, Fox Factory, Cane Creek Cycling Components, SR Suntour, DT Swiss AG, Manitou Mattoc Pro Fork, Marzocchi Mountain Bike Srl., Elastomer Technology, Inc., and Ohlins Racing AB (Sweden) are the major players in the mountain bike In-depth research of market dynamics that are anticipated to have an effect on the mountain bike suspension market throughout the projected period is also provided in this study.
Recent Developments in the Mountain Bike Suspension Market
• SR Suntour introduced its brand-new Aion Air LO-RC air spring forks in March 2021. The new product has lighter weight and better performance.
• The Mountain bike Vulpine Rear Shock, a new component from DNM, was made available in September 2020. Even on tough terrain, the product is intended to provide a comfortable ride. Furthermore, to acquire a competitive advantage in the market, many businesses are concentrating on extending their geographical scope.
Mountain Bike Suspension Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 2.93 billion |
| Growth Rate | CAGR of 5.2 % during 2021-2031 |
| Segment Covered | by Type, By Application, by Services, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Among others, ZOOM Suspension forks Co. Ltd. (Taiwan), RockShox, DVO Suspension, X-Fusion Shox, Fox Factory, Cane Creek Cycling Components, SR Suntour, DT Swiss AG, Manitou Mattoc Pro Fork, Marzocchi Mountain Bike Srl., Elastomer Technology, Inc., and Ohlins Racing AB (Sweden) |
Key Segments of the Global Mountain Bike Suspension(HIL) Market
Type Overview, (USD Billion)
- Front Suspension
- Rear Suspension
Application Overview, (USD Billion)
- Hard Tail Mountain Bike
- Soft Tail Mountain Bike
Service Overview, (USD Billion)
- Aftermarket
- OEM
Regional Overview, (USD Billion)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
- UAE
- South Africa
Frequently Asked Questions (FAQ) :
The global Mountain Bike Suspension market size projected to reach USD 2.93 billion .
The Mountain Bike Suspension market is growing at a CAGR of 5.2% during the projection period
The key market players listed in the Mountain Bike Suspension report are Sewer Equipment Company of Among others, ZOOM Suspension forks Co. Ltd. (Taiwan), RockShox, DVO Suspension, X-Fusion Shox, Fox Factory, Cane Creek Cycling Components, SR Suntour, DT Swiss AG, Manitou Mattoc Pro Fork, Marzocchi Mountain Bike Srl., Elastomer Technology, Inc., and Ohlins Racing AB (Sweden)