Mountain Bike Shoes Market Analysis Report By End User, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global mountain bike shoes market size was accounted for USD 518.3 million, in 2018 and is projected to grow at the CAGR of 6.4% over the forecasted period. Increasing trend of trekking, biking and other activities is expected to propel the demand for the product. In addition, growing popularity of off-road and mountain biking with high safety concerns is boosting the market growth. 

These shoes are designed with high protection from rough and rocks and the enhanced rigid sole offer high power transmission rate. High reliability and comfort aspects are also gaining traction among consumers. Moreover, the MTB shoes are highly flexible and rugged to support bike riding on rough terrain. Carbon rubber made soles offer high rigidity and are more popular among consumers.

The growing interest among consumers for participating in marathons, mountain bike races, and gravel races is projected to propel the market growth. These shoes are designed for keeping feet tight and rigid, while traditional shoes provide only flexibility. MITB footwear is available in SPD cleats which are used for walking, indoor cycling and road biking. MTB shoes are available in the clipless and flat shape-based type. 

In addition, product features such as mesh holes offer high ventilation at the bottom and top of the shoes. These features are attracting more consumers owing to its benefits. High ventilation offered by fastening shoe types such as dial system, laces, Velcro straps, and ratchet buckles is expected to spur the market growth in the coming few years. Moreover, the manufacturers focus on developing dust, and waterproof shoes to meet consumer needs. For example, manufacturers have partnered with Boa Technology, Inc. for using a dial fastening shoe system. These shoes offer micro-adjustable support which is gaining traction among bike riders.

Distribution Channel Insights

The mountain bike shoe market is bifurcated into offline and online based on distribution channel. Offline channel segment is expected to lead the market in terms of revenue from 2019 to 2025. This growth is mainly contributed by rising number of stores offering cycling accessories. Consumers are willing to pay more on advanced technology designed products in MTB footwear. Consumers also prefer best-fit shoes according to their bicycle pedals. 

The online channel is projected to grow at the highest CAGR of over 7.2% from 2019 to 2025. Increasing penetration of social media and internet is boosting the segmental growth. The availability of all brand products with affordable price and fast delivery are anticipated to increase the demand for the product in the next few years. Majority of the people prefer online shopping as it is more time-saving.

End User Insights

The mountain bike shoe market is bifurcated into males, and females based on end-users. Gender-based category helps the companies to target potential customer groups. The growing penetration of internet and global events like Ronde Van Vlaanderen and Tour De France is encouraging players to promote its products or brand. The male user segment is projected to hold the highest share in the overall market. The increasing popularity cycling especially among male consumers is a key factor increasing the demand for mountain bike footwear.

The female segment is projected to grow at the highest CAGR of 6.8% from 2019 to 2025. The rise in the number of woman cyclist is boosting the demand for the product. Manufacturers are developing shoes with an efficient gear system, seating, and shock absorbers. These product innovations are influencing younger adults especially women to participate in cycling events.

Regional Insights

Asia Pacific is anticipated to grow at a significant rate of CAGR from 2019 to 2025. The increasing trend of adventure sport and biking activities in countries such as Japan, Singapore, and China is supporting the market growth. Moreover, the growing number of retail stores offering sports accessories is also boosting the demand for the product.

In 2018, Europe held the largest market share in the overall market. The region is estimated to hold its position in the next few years. Growing female cyclists especially from countries such as France, U.K., and Germany is complementing market growth. North America is anticipated to grow significantly due to rising popularity of mountain biking in the U.S. and Canada.

Mountain Bike Shoes Market Share Insights

Leading players in the market include Adidas Outdoor; GIRO SPORT DESIGN; Pearl Izumi; Fox Head, Inc.; Specialized Bicycle Components; SHIMANO INC.; Frankd MTB Apparel; NorthWave; Trek Bicycle Corporation; and Five Ten Footwear Company. Top players in the market are focusing on expanding their product reach across the globe. Key players are sponsoring through sport events to promote their products. For example, in 2019, NorthWave partnered with Astana Pro Team for promoting its shoes.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global mountain bike shoes market report on the basis of end user, distribution channel, and region:

• End User Outlook (Revenue, USD Million, 2015 - 2025)
    • Male
    • Female

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
        • U.K.
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East &Africa (MEA)