The global cycling shoes market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). Cycling shoes are very light and have a very stiff sole, which removes any energy loss through sole amortization which allows the rider to have a good constancy and control the power output much more efficiently. In addition, the growing inclination of the population toward a healthy lifestyle, the increasing number of people opting for cycling as a hobby, and the rising participation in sports and fitness activities are some factors that propel the growth of the global cycling shoes market during the forecast period. Furthermore, the growing number of bicycle riding organizations and bicycle racing events and easy availability on online and various offline platforms also boost the growth of the global cycling shoe market during the forecast period.
Some major players in the market include Adidas AG, Shimano Inc., and Nike, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2020, Leatt Corp. announced the launch of an innovative shoe line for mountain biking which is designed to combine style, comfort, and control for mountain bikers at all levels. The company also added that it is the innovation of carbon rubber soles that also provide durability, stability, and adherence during biking. Further, in February 2019, Shimano announced the launch of its indoor cycling footwear, IC5, and IC3 shoes.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Consumer Orientation
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adidas AG, Shimano Inc., and Nike, Inc., among others.
A full report is available at: https://orionmarketreports.com/global-cycling-shoes-market/108931/
Global Cycling Shoes Market Report by Segment
By Product Type
- Mountain Bike Shoe
- Road Bike Shoe
- Touring and City Bike Shoe
- Winter Shoe
By Consumer Orientation
- Male
- Female
- Kids
By Sales Channel
- Supermarket/Hypermarket
- Specialty Stores
- Multi Brands Stores
- Online Stores
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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