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

Report ID: MN17619425  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods

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. The increasing trend of trekking, biking, and other activities is expected to propel the demand for the product. In addition, the 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 offers a 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.

U.S. mountain bike shoes market

The growing interest among consumers in participating in marathons, mountain bike races, and gravel races is projected to propel 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 their benefits. High ventilation offered by fastening shoe types such as dial systems, laces, Velcro straps, and ratchet buckles is expected to spur 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 offline and online based on the distribution channels. The offline channel segment is expected to lead the market in terms of revenue from 2019 to 2025. This growth is mainly contributed by the rising number of stores offering cycling accessories. Consumers are willing to pay more for 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 the internet is boosting segmental growth. The availability of all brand products with affordable prices and fast delivery is anticipated to increase the demand for the product in the next few years. The majority of 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. The gender-based category helps the companies to target potential customer groups. The growing penetration of the internet and global events like Ronde Van Vlaanderen and Tour De France is encouraging players to promote their products or brand. The male user segment is projected to hold the highest share in the overall market. The increasing popularity of cycling especially among male consumers is a key factor in increasing the demand for mountain bike footwear.

Global mountain bike shoes market

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 cyclists 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 are complementing market growth. North America is anticipated to grow significantly due to the 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 sports events to promote their products. For example, in 2019, NorthWave partnered with Astana Pro Team for promoting its shoes.

Report Scope

Attribute

Details

The base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America &Middle East & Africa

Country scope

U.S., Germany, France, U.K., China, Japan, Brazil.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of 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.
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East &Africa (MEA)

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
Connect With Expert
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service

Get a Free Sample

FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...