Global Mountain Bike Shoe Market Size to Worth USD 1412.01 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global Mountain Bike Shoe Market Size is Estimated to Grow from USD 693.27 Million in 2023 to USD 1412.01 Million by 2033, Growing at a CAGR of 7.37% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Mountain Bike Shoe Market Size, Share, and COVID-19 Impact Analysis, By Price Range (Mass and Premium), By End-user (Male and Female), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Mountain bike shoes or MTB shoes, are a particular kind of footwear made especially for mountain biking. The demand for mountain bike (MTB) shoes has increased due to the growing popularity of mountain biking activities around the world, the increased focus on performance and safety, and the expansion of distribution channels. These shoes are made specifically to shield the rider from high impact and to lessen limb fatigue, slippery pedals, and trail chatter. A comfortable MTB riding experience is ensured by a firm sole and adequate padding. Mountain bike participation has significantly increased globally as a result of consumers' increased interest in outdoor activities and adventure sports. The increased demand for specialized footwear made for rough and difficult environments is positively impacted by this development. Innovative shoe designs, materials, and production techniques have led to the creation of goods that provide mountain bikers with increased performance, safety, comfort, and durability. The riding experience is improved by these developments, which also increase customer demand for specialty MTB shoes. However, the high price of mountain bike shoes can be a significant barrier to the worldwide market.
The mass segment accounted for the largest market share of 60.82% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the price range, the mountain bike shoe market is categorized into mass and premium. Among these, the mass segment accounted for the largest market share of 60.82% in 2023 and is expected to grow at a significant CAGR during the forecast period. This can be attributable to the products' accessibility and affordability for a wide range of customers. The financial limitations of these customers are met by mass-produced mountain bike shoes. Mountain bikers who are just starting frequently choose to begin with less expensive gear, such as riding clothes and shoes. Large-scale, mass-priced shoe production also allows manufacturers to drastically cut expenses. Customers' reasonable spending reflects these savings, which increases demand.
The male segment is anticipated to hold the largest revenue share of the global mountain bike shoe market through the projected period.
Based on the end-user, the mountain bike shoe market is classified into male and female. Among these, the male segment is anticipated to hold the largest revenue share of the global mountain bike shoe market through the projected period. Male engagement in outdoor activities, such as mountain biking, is on the rise, and fitness and adventure activities are becoming more and more popular. As mountain biking becomes more and more popular as a sport for both leisure and competition, more men are looking for specific footwear that will improve their comfort and performance on rough terrain.
The offline segment is estimated to hold the largest revenue share of the global mountain bike shoe market and is expected to grow at a significant CAGR through the forecast period.
Based on the distribution channel, the mountain bike shoe market is divided into online and offline. Among these, the offline segment is estimated to hold the largest revenue share of the global mountain bike shoe market and is expected to grow at a significant CAGR through the forecast period. Shoes for mountain bikes are among the products that need to be physically examined and suited before being purchased. Customers must try these shoes on to evaluate the material quality, comfort, size, and pedal compatibility. For this tactile experience, offline retail establishments are made to offer a crucial platform. In addition, a well-informed workforce that can offer professional guidance on product selection, fit, and upkeep improves customer satisfaction and cultivates loyalty. The large proportion of offline distribution channels can be explained by these variables.
Europe is expected to hold the largest share of the mountain bike shoe market through the forecast period.
Europe is expected to hold the largest share of the mountain bike shoe market through the forecast period. A significant demand has been recognized among female MTB riders who are becoming more active on nearby mountain trails. Additionally, manufacturers' increasing focus on research and development has led to better product performance and happier customers. Since MTB provides the necessary thrill, fun, and excitement, it is expected to increase at a high rate as the nation's fitness admirers search for more interesting options.
Asia Pacific is predicted to grow at the fastest CAGR of the mountain bike shoe market over the forecast period. In regional countries such as China, Japan, and Singapore, there has been a noticeable rise in the number of people engaging in outdoor recreation, especially mountain biking. Mountain bike shoes and other specialist equipment are in high demand as a result of this increased engagement. The middle class in Asia Pacific has grown significantly, and their disposable income has also expanded. Customers have therefore shown a greater inclination to spend money on high-end sporting goods, including MTB shoes with superior performance.
Company Profiling
Major key players in the mountain bike shoe market include Adidas AG, GIRO SPORT DESIGN, FOX, PEARL iZUMi, Northwave, Sidi Sport S.r.l., SHIMANO INC., Trek Bicycle Corporation, Specialized Bicycle Components, Inc., Frankd MTB Apparel, and others.
Recent Developments
- In August 2023, SHIMANO introduced their Gravity Enduro line of mountain biking shoes, which offer enhanced traction on slick surfaces and enhanced control over technically demanding sectors. Included in the series is a redesigned footwear line that comprises the GE900, GE700, and GE500 & GE500W shoes with the TORBAL 2.0 midsole and the ULTREAD GE outsole.
- In February 2023, Fox Racing introduced the Union shoe line for mountain bikers and motocross riders, announcing its foray into the mountain bike shoe market. With a reinforced toe box, molded toe cap, and an Ultratac outsole for increased durability and traction, this series comprised the Union Flat, Union, and Union BOA versions. Four distinct colors and gender sizes are offered for the shoes.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the mountain bike shoe market based on the below-mentioned segments:
Global Mountain Bike Shoe Market, By Price Range
Global Mountain Bike Shoe Market, By End-user
Global Mountain Bike Shoe Market, By Distribution Channel
Global Mountain Bike Shoe Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa