Report Overview

Germany mountain bike market reached USD 2,446.5 million in 2020 and is further projected to reach USD 4,688.3million by 2027, growing at a CAGR of 9.9% during 2021-2027 (forecast period). There are several factors contributing to the growth of the German mountain bike market, including an aging population comprising 40–60-year-olds, rising awareness of changing climatic conditions in the country, and an increase in mountain biking events.

Germany Mountain Bike Market - Industry Trends & Forecast Report, 2027

Germany mountain bike market reached USD 2,446.5 million in 2020 and is further projected to reach USD 4,688.3million by 2027, growing at a CAGR of 9.9% during 2021-2027 (forecast period). There are several factors contributing to the growth of the German mountain bike market, including an aging population comprising 40–60-year-olds, rising awareness of changing climatic conditions in the country, and an increase in mountain biking events.Additionally, the increase in government investment and initiatives has enabled growth prospects in the mountain bike market in Germany. Furthermore, the increasing importance placed on health by the German population has also been contributing to the growth of the Germany mountain bike market.

                     

Source: BlueWeave Consulting

GermanyMountain Bike Market Overview

Mountain Bike is an off-road bike that comes with flat handlebars and wide tires to allow for a better grip while passing through narrow trails. Mountain biking styles differ over different accessories and equipment, but they generally include hardtails, full-suspension trails, full-suspension cross-country bikes, and endure mountain bikes. Mountain bike tires sustain more pressure than those on roads or regular bikes due to their larger volume and better traction. The rims on these bikes are much more durable for rough trails and hikes. A majority of mountain bike frames made today are made of steel due to its durability and mechanical properties. Moreover, the steel used in the production is not expensive.

GermanyMountain BikeMarket Forecast and Trends

Growth Drivers

Rising bike infrastructure expenditure

Germany is home to more than 83 million people. Due to its size and population, Germany is primarily known for its car culture, overlooking the potential growth of bicycles, let alone mountain bikes.However, the recent emphasis on biking infrastructure has been pushing the country to make a transition from cars to bikes. Bike riding not only facilitates safer transportation, but it also reduces the number of car-related accidents. According to the European Cyclists Federation, the German federal government plans to invest over USD 1,02 billion in cycling infrastructure in order to support a national climate protection program. In addition to improving the country's cycling infrastructure, the investments are expected to help raise the potential of cycling as a source of climate-friendly transportation. In addition to this measure, rising sales of e-mountain bikes across the nation are driving the Germany mountain bike market.

Growing emphasis on biking culture across the country

During the first quarter of 2013, the German bicycle industry association, Zweirad-Industrie-Verbandes (ZIV), reported that Germans spent an average of USD 1,216 on a new bicycle. After the initial lockdown measures, the country received an overwhelming response as mountain biking and cross country mountain biking are considered very effective at improving overall body conditioning in contrast with normal bikes. The German Transport Minister stated that the government is planning on making the country take a shift to a cleaner mode of transportation. The government is even thinking of providing tax incentives over the expensive mountain bikes, which is further predicted to bolster the Germany mountain bike market.

Restraints

Less capabilities of some mountain bikes may hamper the growth

There has been an unprecedented boom in the sale of mountain bikes across the nation and it has become a luxury (Veblen) good.However, some mountain bikes' limited capabilities could be a roadblock for the German mountain bike market. As a result, e-bikes and mountain bikes are rendered useless up steep trails and in competitions.If the battery for the bike is installed in the down tube at a wider scale, the turns could go smooth; however, the handlebar could still not be at its full capacity to operate, which may induce the user to ride it slowly for avoiding any accidents. Thus, it may prove difficult for an inexperienced rider, which may require more concentration than other users while handling such bikes. It has thus been providing some hindrance and negatively impacting the growth of the Germany mountain bike market.

Impact of COVID-19 on GermanyMountain BikeMarket

The COVID-19 pandemic has claimed more than 91,701 lives in Germany alone as of June 2021, indicating that the country has had a difficult time combating the virus. The German government is getting concerned about the mounting infections in the country as rumors about the delta variant emerge, which happens to be the biggest menace to Europe. The country has started taking measures to curb and mitigate the spread of the virus. As a result, Germany has been able to witness a spike in mountain bike sales.One estimate from the German Ministry of Transportation states that over 11 percent of all trips in 2020 were made by bicycle. Even though the initial production levels were plummeted due to supply chain disruption and manufacturing hindrance, the companies have now been registering substantial growth. According to government data, more than 585,000 mountain bikes were sold across Germany during the COVID-19 pandemic. This suggests that the pandemic had an adverse impact on mountain bike growth. However, the trend is reversing and is receiving support from the government as well.

GermanyMountain BikeMarket- By Type

Based on type, the Germany mountain bike market is segmented into downhill bike, free ride bike, dirt jump bike, cross-country bikes and all-mountain bikes. The cross-country mountain bike segment accumulated the largest share in the market in 2020. However, the dirt jump bike segmentis projected to register the fastest growth rate over the forecast period. Cross country bikes are the next best alternative to road bikes. The bikes are designed to enhance the rider's pedaling performance and increase their agility throughout the trip, enabling them to experience a seamless cycling experience.The bikes are known for their lightweight and less wheel coverage than other mountain bikes. Further, cross-country training can improve a rider's VO2 levels, recovery rates, and lactate threshold, all of which translate to better cardiovascular health.The combination of all these factors has greatly contributed to Germany's mountain bike market's continuous growth.

GermanyMountain BikeMarket- By Application

Based on applications, the Germany mountain bike market can be grouped into racing and leisure. The racing segment acquired the larger share in the Germany mountain bike market, whereas the leisure segment is expected to register the fastest CAGR in the upcoming years.In accordance with the calendar of events as published by the Union Cycliste Internationale, Germany will host over 20 racing events in 2021 compared to 28 in 2019. Though the country has been witnessing a rise in racing events, the decline has been fueled by restrictions imposed by COVID-19.However, the rollout of the COVID-19 vaccine in Germany has improved the COVID-19 situation, increasing the number of races held in the country and strengthening the market for mountain bikes in Germany.

                        

Source: BlueWeave Consulting

Competitive Landscape

Germany has long been a hub for the automobile sector; however, the country is home to some of the best bike manufacturers as well. The mountain bike market in Germany are moderately fragmented, with a number of key players accumulating a large share of the market. As a result, newer players find it difficult to enter and compete at their full capacities with these players. Major players have thus been introducing plans on merging and acquiring these new players to cut competition and regain supremacy in th Germany mountain bike market. Some key players in the Germany mountain bike market are Peugeot Cycles, Focus Bikes, Canyon Bicycles GmbH, H&S Bike-Discount GmbH, Scott Sports AG, Trek Bicycle Corporation, MSA Motor Sport Accessoires GmbH, YT Industries, Cube Bikes, Ghost Bikes, Nicolai Bicycles, and other prominent players.

Recent Developments

• In July 2020, PEUGEOT Cycles announced the launch of six Crossover e-bikes overlapping the mountain biking features. In designing these bikes, we kept in mind the requirements of cyclists who will use them for leisure and commuting.The bike comes equipped with an in-frame battery BOSCH PowerTube which bolsters the rider’s trekking capabilities.

• In July 2020, Cube Bikes announced the launch of Cube Reaction Hybrid Pro 2021. There are two battery versions of the bike: 500 and 625.The versions are expected to run on a Bosch e-bike system, which is renowned across the e-biking domain.

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
Product/ Service segmentation	By Type, By Application
Key Players	Peugeot Cycles, Focus Bikes, Canyon Bicycles GmbH, H&S Bike-Discount GmbH, Scott Sports AG, Trek Bicycle Corporation, MSA Motor Sport Accessoires GmbH, Cube Bikes, Ghost Bikes, Nicolai Bicycles and other prominent players.

 

By Type

• Downhill bike

• Free ride bike

• Dirt jumping bike

• Cross country bikes

• All-mountain bikes

By Application

• Racing

• Leisure

1.Executive Summary

2.Market Taxonomy

3.Methodology and Scope

3.1. Research methodology

3.2. Years considered for the study

3.3. Research framework

3.4. Data collection technique

3.5. Data Validation and Triangulation

3.6. Research scope and assumptions

3.7. List of data sources

4.Germany Mountain Bike Market Variable Analysis

4.1.Germany Mountain Bike Market; Market dynamics

4.1.1. Market Drivers

4.1.1.1.Rising bike infrastructure expenditure

4.1.1.2.Growing emphasis on biking culture across the country

4.1.2. Market Challenges

4.1.2.1.Less capabilities of some mountain bikes may hamper the growth

4.1.3. Market Opportunity

4.1.3.1. Growing Demand of E-Mountain Bikes (eMTB)

4.2.GermanyMountain Bike Market; Value Chain Analysis

4.3.Germany Mountain Bike Market; Porter’s Five Force’s Analysis

4.4.Germany Mountain Bike Market; COVID-19 Impact Analysis

4.4.1.Germany Mountain Bike Market; Impact on GDP

5.Germany Mountain Bike Market Type Segment Snapshot

5.1.GermanyMountain Bike market share, By Type, 2020 & 2027

5.2. Downhill bike

5.2.1.Germany Downhill bike market revenue, 2016 - 2027 (USD Million)

5.3. Free Ride Bike

5.3.1.Germany Free Ride Bike market revenue, 2016 - 2027 (USD Million)

5.4. Dirt Jumping Bike

5.4.1.Germany Dirt Jumping Bike market revenue, 2016 - 2027 (USD Million)

5.5. Cross country bikes

5.5.1.Germany Cross Country Bikes market revenue, 2016 - 2027 (USD Million)

5.6. All Mountain bikes

5.6.1.Germany All Mountain Bikes market revenue, 2016 - 2027 (USD Million)

6.Germany Mountain Bike Market Application Segment Snapshot

6.1.GermanyMountain Bike market share, By Application, 2020 & 2027

6.2. Racing

6.2.1.Germany Mountain Bike market revenue,By Racing Application, 2016 - 2027 (USD Million)

6.3. Leisure

6.3.1.Germany Mountain Bike market revenue,By Leisure Application, 2016 - 2027 (USD Million)

7.Germany Mountain Bike Market Competitive Landscape

7.1.Germany Mountain Bike Company Market Competition Analysis

7.2. Key Development Strategies

8.Germany Mountain Bike Market Company Profiles

8.1. Major Manufacturers of Mountain Bikes

8.1.1.Peugeot Cycles

8.1.1.1.Peugeot CyclesCompany Overview

8.1.1.2.Peugeot CyclesFinancial Performance

8.1.1.2.1.Peugeot CyclesBusiness Segment Overview

8.1.1.3.Peugeot CyclesProduct Offered

8.1.1.4.Peugeot Cycles Key Developments

8.1.1.5.Peugeot Cycles SWOT Analysis

8.1.1.6.Peugeot Cycles Strategic Initiatives

8.1.2.Focus Bikes

8.1.2.1.Focus Bikes Company Overview

8.1.2.2.Focus Bikes Financial Performance

8.1.2.3.Focus Bikes Product Offered

8.1.2.4.Focus Bikes Key Developments

8.1.2.5.Focus Bikes SWOT Analysis

8.1.2.6.Focus Bikes Strategic Initiatives

8.1.3.Canyon Bicycles GmbH

8.1.3.1.Canyon Bicycles GmbH Company Overview

8.1.3.2.Canyon Bicycles GmbH Product Offered

8.1.3.3.Canyon Bicycles GmbH Key Developments

8.1.3.4.Canyon Bicycles GmbH SWOT Analysis

8.1.3.5.Canyon Bicycles GmbH Strategic Initiatives

8.1.4. Scott Sports AG

8.1.4.1. Scott Sports AG Company Overview

8.1.4.2. Scott Sports AG Financial Performance

8.1.4.3. Scott Sports AG Product Offered

8.1.4.4. Scott Sports AG Key Developments

8.1.4.5. Scott Sports AG SWOT Analysis

8.1.4.6. Scott Sports AG Strategic Initiatives

8.1.5.Trek Bicycle Corporation

8.1.5.1.Trek Bicycle Corporation Company Overview

8.1.5.2.Trek Bicycle Corporation Financial Performance

8.1.5.3.Trek Bicycle Corporation Product Offered

8.1.5.4.Trek Bicycle Corporation Key Developments

8.1.5.5.Trek Bicycle Corporation SWOT Analysis

8.1.5.6.Trek Bicycle Corporation Strategic Initiatives

8.1.6.H&S Bike-Discount GmbH

8.1.6.1.H&S Bike-Discount GmbH Company Overview

8.1.6.2.H&S Bike-Discount GmbH Financial Performance

8.1.6.3.H&S Bike-Discount GmbH Product Offered

8.1.6.4.H&S Bike-Discount GmbH Key Developments

8.1.6.5.H&S Bike-Discount GmbH SWOT Analysis

8.1.6.6.H&S Bike-Discount GmbH Strategic Initiatives

8.1.7.Cube Bikes Corporation

8.1.7.1.Cube Bikes Company Overview

8.1.7.2.Cube Bikes Financial Performance

8.1.7.3.Cube Bikes Product Offered

8.1.7.4.Cube Bikes Key Developments

8.1.7.5.Cube Bikes SWOT Analysis

8.1.7.6.Cube Bikes Strategic Initiatives

8.1.8.Ghost Bikes Bicycles

8.1.8.1.Ghost Bikes Company Overview

8.1.8.2.Ghost Bikes Financial Performance

8.1.8.3.Ghost BikesProduct Offered

8.1.8.4.Ghost Bikes Key Developments

8.1.8.5.Ghost Bikes SWOT Analysis

8.1.8.6.Ghost Bikes Strategic Initiatives

8.1.9.MSA Motor Sport Accessoires GmbH

8.1.9.1.MSA Motor Sport Accessoires GmbHCompany Overview

8.1.9.2.MSA Motor Sport Accessoires GmbH Financial Performance

8.1.9.3.MSA Motor Sport Accessoires GmbHProduct Offered

8.1.9.4.MSA Motor Sport Accessoires GmbHKey Developments

8.1.9.5.MSA Motor Sport Accessoires GmbHSWOT Analysis

8.1.9.6.MSA Motor Sport Accessoires GmbHStrategic Initiatives

8.1.10.YT Industries

8.1.10.1.YT Industries Company Overview

8.1.10.2.YT Industries Financial Performance

8.1.10.3.YT Industries Product Offered

8.1.10.4.YT Industries Key Developments

8.1.10.5.YT Industries SWOT Analysis

8.1.10.6.YT Industries Strategic Initiatives

8.1.11.Nicolai Bicycles

8.1.11.1.Nicolai Bicycles Company Overview

8.1.11.2.Nicolai Bicycles Financial Performance

8.1.11.3.Nicolai Bicycles Product Offered

8.1.11.4.Nicolai Bicycles Key Developments

8.1.11.5.Nicolai Bicycles SWOT Analysis

8.1.11.6.Nicolai Bicycles Strategic Initiatives

 

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

FIG. 1Germany Mountain Bike Market Segmentation

FIG. 2Years considered for the study

FIG. 3Research framework

FIG. 4Data collection technique

FIG. 5Top down and bottom-up approach

FIG. 6Value Chain Analysis

FIG. 7Porter Five Force’s Analysis

FIG. 8Germany GDP In 2020 (% Difference from baseline and contributions in % points): contained outbreak scenario

FIG. 9Germany GDP in 2020 (% Difference from baseline and contributions in % points): downside scenario

FIG. 10Germany Merchandise Trade Volume 2011-2022 (Index 2015=100)

FIG. 11Employment in Countries with Workplace Closures

FIG. 12Impact on Employment

FIG. 13Supply Chain Constraints On Bicycle Industry

FIG. 14Production Shutdowns

FIG. 15Germany Mountain Bike market share By types, 2020 & 2027

FIG. 16Germany Downhill bike market revenue, 2016 - 2027 (USD Million)

FIG. 17Germany Free Ride Bike market revenue, 2016 - 2027 (USD Million)

FIG. 18Germany Dirt Jumping Bike market revenue, 2016 - 2027 (USD Million)

FIG. 19Germany Cross Country Bikes Market revenue, 2016 - 2027 (USD Million)

FIG. 20Germany All Mountain Bikes Market revenue, 2016 - 2027 (USD Million)

FIG. 21Germany Mountain Bike market share By Application, 2020 & 2027

FIG. 22Germany Urban Application market revenue, 2016 - 2027 (USD Million)

FIG. 23Germany Leisure Application market revenue, 2016 - 2027 (USD Million)

FIG. 24GermanyMountain Bike Market: Competitive Landscape

FIG. 25Peugeot CyclesFinancial Performance

FIG. 26Focus Bikes Financial Performance

FIG. 27Canyon Bicycles GmbHFinancial Performance

FIG. 28Scott Sports AG Financial Performance

FIG. 29Trek Bicycle Corporation Financial Performance

FIG. 30H&S Bike-Discount GmbH Financial Performance

FIG. 31Cube Bikes Financial Performance

FIG. 32Ghost Bikes Financial Performance

FIG. 33MSA Motor Sport Accessoires GmbHYT IndustriesNicolai BicyclesFinancial Performance

FIG. 34 YT IndustriesFinancial Performance

FIG. 35 Nicolai BicyclesFinancial Performance

List of Tables

TABLE 1 Germany Mountain Bike market revenue, (USD Million), 2016 – 2027

TABLE 2 Germany Mountain Bike market revenue,By Type, (USD Million), 2016 – 2027

TABLE 3 Germany Mountain Bike market revenue,By application, (USD Million), 2016 – 2027

TABLE 4 Germany Mountain Bike market revenue,By region, (USD Million), 2016 – 2027

TABLE 5 List of Cycling Events Postponed due to the Pandemic

TABLE 6 Germany Downhill bike market revenue, 2016 - 2027 (USD Million)

TABLE 7 Germany Free Ride Bike market revenue, 2016 - 2027 (USD Million)

TABLE 8 Germany Dirt Jumping Bike market revenue, 2016 - 2027 (USD Million)

TABLE 9 Germany Cross Country Bikes market revenue, 2016 - 2027 (USD Million)

TABLE 10 Germany All Mountain Bikes market revenue, 2016 - 2027 (USD Million)

TABLE 11 Germany Mountain Bike market revenue,By Racing Application, 2016 - 2027 (USD Million)

TABLE 12 Germany Mountain Bike market revenue,By Leisure Application, 2016 - 2027 (USD Million)