Mountain Bike Shoes Market Size, Share & Trends Analysis Report By End User (Male, Female), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global mountain bike shoe market size was valued at USD 518.3 million in 2018 and is expected to expand at a CAGR of 6.4% from 2019 to 2025. The growth is attributed to the growing trend of mountain biking, trekking, and recreational activities. The rising popularity of mountain and off-road biking coupled with growing safety concerns while riding through rugged terrains is boosting the product demand

Mountain Bike Shoes are specially designed to protect from rocks and have a stiff sole to enhance power transmission. Easy and reliable fastening increases the confidence, comfort, and safety of the riders. MTB footwear is rugged with the required flex to provide enough traction while riding the bike on tough terrain. This footwear sustains all weather conditions making them more popular among consumers. Carbon rubber soles in MTB footwear offer more traction than traditional shoes while walking over rocks and slippery pathways making it safer than traditional shoes.

Growing consumer interest in participation events such as gravel races, mountain bike stage races, and marathons is anticipated to drive the product demand, which in turn is expected to fuel the mountain bike footwear market growth. Traditional shoes are flexible whereas mountain bike shoes are designed to keep the feet rigid, transmitting all power to pedals with no power loss. MTB shoes with two cleats hole, also known as SPD cleats, recessed into sole making which also helps while walking, casual road biking, and indoor cycling. Consumers opt for flat or clipless MTB shoes depending on the type of pedals.

Product features such as high ventilation provided by mesh holes either at the top or bottom or both are supporting mountain bike cycling shoes market growth. High ventilation coupled with the variety in fastening of shoes such as Velcro straps, dial system, ratchet buckles, and laces is anticipated to fuel the product demand. Many manufacturers have launched waterproof and dust resistant shoes while others focus on improving the drainage ability. Manufacturers focus on combining the major challenges faced by the consumers while riding the bike.  Manufacturers across the globe are partnering with Boa Technology Inc. to use their dial fastening system. The Boa Fit System IP-1 and L6 product category are popular among consumers due to its micro-adjustable dial providing rider to obtain uniform fit without any pressure points.

Distribution Channel Insights

The offline distribution channel segment is projected to continue holding the largest market share over the forecasted period. The growth is attributed to a rise in the number of specialty stores dedicated to cycling equipment and accessories. Consumers prefer purchasing footwear and other accessories while purchasing MTB. They also prefer purchasing footwear from stores to find the right fit and to understand the mechanism of the shoe’s functionality with the bicycle pedals.

The online segment is estimated to expand at the fastest CAGR of 7.2% during the forecast period. An increase in social media marketing is supporting the growth of the online distribution channel. The availability of a wide range of products with an option to compare them based on features and prices coupled with swift product delivery and easy returns policies are anticipated to drive the segment growth. Consumers prefer multi-brand online retailers to save time.

End-User Insights

Gender-based marketing campaigns are helping companies to reach the potential customer base. The rising influence of the internet, social media platforms and events such as Tour de France and Ronde van Vlaanderen are supporting companies to promote their product offerings. The male segment is estimated to continue holding the largest market share over the forecasted period. The high popularity of cycling among men is one of the major factors driving the demand for Mountain Bike Shoes.

The female segment is estimated to register the fastest CAGR of 6.8% over the forecasted period. The rising number of women cyclists is propelling the demand for MTB shoes. Manufacturers are working on simplifying cycling mechanism by innovating efficient shock absorbers, seating, and gear system. High demand for Mountain Bike Shoes from millennial women, owing to increasing participation in bicycling events is anticipated to bode well for the growth of the segment in near future.

Regional Insights

Asia Pacific is estimated to expand at the fastest CAGR during the forecast period. An increase in the adoption of mountain biking as a leisure and adventure sport in countries such as China, Japan, Singapore, and others is anticipated to drive regional growth. A growing number of specialty retail outlets for sports accessories coupled with increasing online purchase is supporting the demand for Mountain Bike Shoes in the region.

Europe is estimated to continue holding the largest market share in the forthcoming years. An increasing number of female cyclists is driving regional revenue growth. Countries such as Germany, France, and the U.K. are driving the mountain bike shoe market owing to increasing consumer expenditure on safety accessories for bike riders. North America, on the other hand, is also estimated to witness strong growth over the forecasted period owing to the growing popularity of mountain biking and the presence of some of the world’s best tracks for mountain biking in Canada and U.S.

Mountain Bike Shoes Market Share Insights

Major market players include GIRO SPORT DESIGN; Adidas Outdoor; Pearl Izumi; SHIMANO INC.; Specialized Bicycle Components; Northwave; Fox Head, Inc.; Frank MTB Apparel; Five Ten Footwear Company; and Trek Bicycle Corporation. Key players take interest in offering sponsorships to various sporting events for product promotions. Also, to increase their geographical reach, the companies engage in partnerships with teams to launce high-end products and pave a sustainable growth path. For instance, in 2019, Northwave announced a partnership with Astana Pro Team, to promote its high-end Northwave Extreme Pro shoes. It is will be premiered at the Taipei Cycle Show. This partnership allowed Northwave to showcase its wide product portfolio to visitors and potential customers.

Report Scope

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 this study, Grand View Research has segmented the global Mountain Bike shoe market report based on 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

    • The U.S.

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)