Global Mountain Bike Shoe Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Mountain Bike Shoes Market” is the title of an upcoming research report offering by MarketResearch.biz. Key factors and vital data have been analyzed and studied comprehensively before being presented in this report. The revenue shares of each segment, country are included along with revenue-driving factors, restraints, as well as opportunities in untapped regions, are included. Detailed information about key players is provided in the company profiles section, along with recent developments, strategies, and acquisitions & mergers. The global mountain bike shoe market is segmented by distribution channels, end-user, and regions/countries.
Global Mountain Bike Shoes Market: Overview
Mountain Bike Shoes are specifically designed to ensure protection to cyclists against falling, tripping or slippage while riding their bikes on rocky surfaces or tough terrain. MTB shoes’ The rigid soles of MTB shoes enhance power transmission. These shoes also allow for easy fastening and a strong grip that offers safety & comfort to its users. Such footwear is suitable for all weather conditions and is one of many factors that has fueled demand among its consumers.
Body Mountain Bike Shoes Market: Dynamic
Increasing participation in events such as off-road biking, gravel race, trekking, marathons, etc. are other major factors that are expected to increase product demand. Mountain bike shoes allow end-users better walking, casual road biking, and indoor cycling experiences.
Improvement of quality and introduction of features such as efficient ventilation in shoes obtained through mesh holes either at the top of the shoe or bottom or both are factors that are driving global bike cycling shoe market growth. Other features such as a dial system, Velcro straps, and ratchet buckles are expected to increase the demand for this product. Manufacturers are also launching dust-resistant and waterproof variants in the market. In addition, carbon rubber soles are also being incorporated in MTB footwear as they offer better resistance.
Currently, major companies are tying up with Boa Technology Inc. to add a dial fastening system to their MTB footwear. The users of the Boa Fit System IP-1 and L6 product category find these products comfortable due to their micro-adjustable dials. Trends such as these are expected to drive market growth.
Distribution Channels: The offline distribution channel segment is projected to dominate the market in terms of revenue shares. This can be attributed to increasing brick & mortar as well as sporting goods stores. Consumers prefer offline stores when purchasing footwear as the store allows the consumer to physically verify the product.
In terms of end-users: The male segment is expected to account for the majority revenue shares of the market over the next ten years. Participation in cycling activities is expected to be higher in men than in women, therefore, the male segment is projected to register a higher growth rate than the female segment.
Global Mountain Bike Shoes Market Regional Analysis:
The market in Europe is projected to continue to dominate the market in terms of revenue share over the forecast period. Increasing participation in cycling events by female cyclists is a major factor that is expected to increase market revenue in the region. Markets in countries such as the UK, Germany, and France are major revenue contributors in the region. The market in North America is expected to account for steady growth during the forecast period owing to a growing number of mountain biking events and the availability of some of the best sports infrastructures and tracks in the region. Markets in the US and Canada are major revenue contributors to their regional market.
The Asia Pacific market is projected to index a high Compounded Annual Growth Rate (CAGR) over the forecast period. Increasing participation in mountain biking events and the rising popularity of adventure sports in countries such as China, Singapore and Japan are key factors that are leading the adoption of mountain bike shoes. Increasing sporting goods stores and online shopping platforms are factors expected to positively support market growth.
Global Mountain Bike Shoes Market Segmentation:
By Distribution Channel
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- GIRO SPORT DESIGN
- Adidas Outdoor
- Pearl Izumi
- SHIMANO INC.
- Specialized Bicycle Components
- Fox Head Inc.
- Frankd MTB Apparel
- Five Ten Footwear Company
- Trek Bicycle Corporation.
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