Global Mountain Bike Footwear Industry By Share, Size, Demand, Sale, Growth, Revenue, CAGR, Regional Analysis, Application Forecast To 2027

  

Mountain Bike Footwear Industry 2019-2027

 

Overview

Mountain bike footwear are specially designed shoes and socks for mountain biking. Mountain bike footwear is designed to pair with specific type of pedals used in mountain bikes, offer foot protection, and have stiff soles that enhance the power transfer and reduce fatigue. There are mainly two types of mountain bike footwear, one designed for use with flat pedals and the other to use with clip less pedals. Also, mountain bike footwear provides various advantages of pedaling, control, safety and specificity.

Key Trends:

Among the type, Mountain Bike Footwear Industry segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 5.57% during the given period due to increase in the demand of bike footwear especially for females. Customers are also inclined to adopt specific shoe for the mountain biking purposes. Also, increasing youth population in the developing economies is also propelling the demand of mountain bike footwear in the review period. Among the end-user of Mountain Bike Footwear Industry, male segment accounts for 63% followed by female accounting for 34% of the global Mountain Bike Footwear Industry. The segment is projected to register a healthy CAGR of 5.05% during the forecast period 2017-2024.

Among the distribution channel, store based segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 5.18% during the given period.

This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launches by Mountain Bike Footwear Industry players. It further includes product portfolios and developments of leading players, which includes

  • Shimano, Inc. (Japan)
  • Five Ten Footwear Company (U.S.)
  • Diadora Sports S.r.l (Itlay)
  • Trek Bicycle Corporation (U.S.)
  • Louis Garneau Sports (Canada)
  • Giro (U.S.)
  • Cannondale (U.S.)
  • Mavik (France)
  • Fizik (U.S.)
  • Northwave (Itlay)

Major manufacturers also are found to have high focus on strategic product launch in order to seek consumers’ attention towards their product range. They are also involved in the strategic expansion which will further support the company to reach out consumers across the regions. Partnerships are also done to mark the company’s presence and expand their business line.

 

Access Complete Report @ https://www.marketresearchfuture.com/reports/mountain-bike-footwear-socks-market-4886

 

Global Mountain Bike Footwear Industry – Segments

Mountain Bike Footwear Industry is segmented on the basis of type, application and region.

 

Global Mountain Bike Footwear Industry - Regional Analysis

The global Mountain Bike Footwear Industry is segmented into North America, South America Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 5.46% during the review period. This is attributed to high demand of mountain bike footwear and socks in this region. Among the North American countries, the U.S. is majorly driving the market of Mountain Bike Footwear Industry in this region. However, Asia Pacific region is expected to grow with a CAGR of 6.30% during the review period. In Asia Pacific region, China is expected to hold 33% market share in the year 2017.

 

NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

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