Mountain Bike Sales Statistics
Looking to get yourself a mountain bike and wondering the key market trends to consider?
Well, you’re at the right place.
Mountain bike cycling sales have been rising with a steady effort in recent years. Mountain biking is standard in the cycling industry but ever wondered how many mountain bike sales there are per year?
I’m here to break down all the facts and key statistics in bicycle sales in the past year, giving the full report of all the sale trends and industry data in the bicycle market.
Now:
Nobody knows exactly how many bikes there are in the world but it is estimated that there is around 1 billion and considering there are 1.5 billion cars in the world, that is a lot of bikes! That is 1/8th of the world’s population as of 2021!
But how many of those bicycle sales are from mountain bikes? Let’s find out!
What portion of the bicycle industry is made up of mountain bike sales?
Mountain bikes are one of the most popular bikes after road bikes and 25% of sales in America are Mountain bikes, this is closely followed by hybrid bikes.
The mountain bike market industry in the US is estimated at 11.9 million units as of 2020, China as the world’s second-largest economy will have a projected market size of 16.5 million units by the year 2027 in mountain bike sales.
In the UK the net worth of bicycles will grow to £2.2 billion by the end of 2020.
Mountain bikers spend $30.2 million annually in the Nantahala and Pisgah National forests too! Mountain bikes are also the most popular choice of commuters in the USA with statistics of 30%
Mountain bikes have grown massively in the market in popularity by around 500% since 2019.
This surge in sales in the mountain bike industry has continued to grow in recent years, from entry-level mountain bike options all the way through to expensive brands.
Cycling has boomed since the covid-19 pandemic in 2020 as a result of gyms shutting, only being able to go out for essentials such as exercise, and people seamlessly searching the market for new bikes.
What mountain bike brand had the greatest sales in 2020?
As of 2020, the best mountain bike brands in the cycling industry have to go to the ones that have soared in sales and based on industry data:
- Specialized
- Trek
- Santa Cruz
- Ibis Bikes
- Yeti Bikes
- Cayon
- YT
- Liteville
- Pivot
Key statistics of the industry expertise and mountain bike sale statistics:
- Retailers have found that sales have grown by 60% since March 2020
- E-bikes have doubled in sales
- One dollar in every five was spent on bicycles since the pandemic began was spent on e-bikes.
- Mountain bike sales in the US were valued at $1,464,000,000
- As of 2021 364,000 bicycles are produced daily. These statistics mean that 15,000 bikes are produced an hour.
- 47,670 bikes are being sold on a daily basis. These statistics report that bikes are being sold every two seconds.
Summary:
Using the statistics above you can see that mountain bikes have soared the market and taken industries by storm all over Europe, the Asia Pacific, and the US. Companies scramble to restock their bicycles to keep up with the number of purchases.
I hope this information provides you with good insights when it comes to buying mountain bicycles on the bike market.
