The global Mountain Bike Shoes Market is estimated to attain USD 802.1 million, by the end of 2025, and is anticipated to grow at a CAGR of 6.4% from 2019 to 2025, according to the latest report by Million Insights. Increasing trend of trekking, outdoor activities, and mountain biking due to rising the health benefits is mainly contributing to market growth. In addition, growing popularity of off-road and mountain biking is boosting the demand for the product. MTB footwear are designed with rigid sole and are highly flexible and comfortable.
Increasing interest among consumers for participating in marathons, mountain bike races, and gravel races is projected to propel market growth. MTB shoes are available in clipless and flat shape-based types. These shoes are also offered in SPD cleats which are used for walking, indoor cycling, and road biking. High ventilation offered by fastening shoe types such as dial system, laces, Velcro straps, and ratchet buckles is expected to increase the demand for the product in the next few years.
To download the sample pdf of Mountain Bike Shoes Market Report “Please” click here: https://www.millioninsights.com/industry-reports/mountain-bike-shoes-market/request-sample
Increasing penetration of digital media along with high speed internet is creating awareness among consumer about the product and its benefits. Availability of all brand sat affordable price is expected to increase the growth of the online channels. Moreover, rising number of retail stores that offer cycling accessories is also bolstering the market growth.
The male segment has dominated the mountain bike shoe market with highest share. Increasing popularity of cycling especially male consumers is a key factor increasing the product demand. The female user segment is also expected to grow significantly in the next few years.
Asia Pacific is anticipated to grow at a significant rate of CAGR from 2019 to 2025. In 2018, Europe held majority of the market share, and this trend is expected continue in the next few years, due to the increased consumer spending on safety related products. North American market is anticipated to grow significantly due to the rising popularity of mountain riding, and biking in the U.S. and Canada. Increasing purchase power of consumer is also expected to boost the product demand.
To browse report summary & detailed TOC, “please” click the link below:
Further key findings from the report suggest:
• On the basis of end user, the female’s segment is projected to grow at a highest CAGR of over 6.0% during the forecasted period.
• Online distribution channel segment is projected to grow at the CAGR of over7.2% from 2019 to 2025, owing to growing penetration of online platforms with fast customer service.
• Major players in the market are Adidas Outdoor, GIRO SPORT DESIGN, Pearl Izumi, Fox Head, Inc., Specialized Bicycle Components, SHIMANO INC., Frankd MTB Apparel and NorthWave.
Million Insights has segmented the global mountain bike shoes market based on end user, distribution channel, and region:
Mountain Bike Shoes End User Outlook (Revenue, USD Million, 2015 – 2025)
Mountain Bike Shoes Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
Mountain Bike Shoes Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Read the Latest Market Research Reports by Million Insights:
• Surfing Equipment Market: The global surfing equipment market size was accounted for USD 3.1 billion, in 2018. It is estimated to grow at a CAGR of 3.3% during the forecast period, 2019 to 2025. Nowadays, adventure sports and water sports are gaining high popularity among millennial population especially among thrill seekers and adventure enthusiasts.
• Toaster Market: The global toaster market size was accounted for USD 3.2 billion, in 2018 and is projected to grow at the CAGR of 4.8% from 2019 to 2025. The increasing number of hotels, coffee shops, restaurants, and cafés coupled with growing application of households is expected to increase the demand for the product.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar