The global mountain bike shoes market size is expected to reach USD 802.1 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.4% during the forecast period. Growing trend of mountain biking, trekking, and other outdoor and recreational activities owing to increasing health consciousness is boosting the demand for Mountain Bike (MTB) footwear. Rising popularity of mountain and off-road biking coupled with growing safety concerns while riding through rugged terrains is boosting the product demand. MTB footwear have stiff sole with required flex to enhance power transmission with minimal power loss while on the ride.
Increasing consumer interest in participation events such as gravel races, mountain bike stage races, and marathons is anticipated to drive the growth of the market. Consumers prefer Mountain Bike Shoes such as flat or clipless shoes on the basis of pedal types. MTB shoes with two cleats holes, also known as SPD cleats, recessed into sole making which helps while walking, casual road biking, and indoor cycling. High ventilation coupled with variety in fastening of shoes such as Velcro straps, dial system, ratchet buckles, and laces is anticipated to fuel the product demand.
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Rising influence of social media coupled with growing awareness regarding various sporting events is boosting demand of MTB footwear. Online distribution channel is anticipated to witness significant growth over the forecast period, owing to availability of a wide range of Mountain Bike Shoes with easy comparison and return policy. Rising preference for online purchase of Mountain Bike Shoes to save the hassle of visiting the stores along with the availability of special discounts is anticipated to drive the mountain bike footwear market growth. However, majority of sales take place via retail and specialty stores. Growing number of specialty stores dedicated to the sale of cycling equipment and accessories is one of the major factors attributed to the maximum market share of this segment.
Male segment held the largest share of the mountain bike cycling shoes market owing to the high number of males engaging in cycling activity. Growing interest of females in cycling is expected to boost growth of the female segment over the forecasted period. Continuous efforts of manufacturers in terms of product innovation for female riders by enhancing shock absorbers, seating, and gear system are expected to support the market growth.
Europe holds largest market share, owing to increasing spending on safety accessories by consumers from countries such as Germany, France, and U.K. North America is also expected to witness strong growth owing to increasing adoption of mountain biking as a leisure sport coupled with the presence of adventure tracks in Canada and U.S. Asia Pacific is expected to be the fastest growing region in the market for Mountain Bike Shoes owing to increase in specialty retail stores dedicated to cycling and increasing spending power of consumers.
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Further key findings from the report suggest:
• Female segment is estimated witness the fastest CAGR of 6.8% over the forecast period owing to increasing participation of women in various bicycling events
• Online segment is anticipated to register a CAGR of 7.2% during the forecast period due to increasing multi brand online retailers helping time bound consumers to select right shoes from various providers
• Some of the key players operating in the mountain bike shoes market are GIRO SPORT DESIGN; Adidas Outdoor; Pearl Izumi; SHIMANO INC.; Specialized Bicycle Components; NorthWave; Fox Head, Inc.; Frankd MTB Apparel; Five Ten Footwear Company; and Trek Bicycle Corporation
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Grand View Research has segmented the global Mountain Bike Shoes market on the basis of end user, distribution channel, and region:
Mountain Bike Shoes End User Outlook (Revenue, USD Million, 2015 - 2025)
• Male
• Female
Mountain Bike Shoes Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
• Offline
• Online
Mountain Bike Shoes Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o France
o U.K.
• Asia Pacific
o China
o Japan
• Central & South America
o Brazil
• Middle East & Africa
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.