Global Bicycle Shoe Market, By Product (Mountain Bike Shoe, Road Bike Shoe, Touring & City Bike Shoe, Winter Shoe), Price Range (Premium, Mass), Consumer Orientation (Male, Female, Kids), Sales Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Bicycle Shoe Market
Bicycle shoe market will reach at an estimated value of at a CAGR of 5.35% for the forecast period of 2021 to 2028. Bicycle shoe market report analyses the growth, which is currently being growing due to rise in the cycling interest.
Bicycle shoes are the type of shoes purpose-built for cycling and there are a variety of designs depending on the type and intensity of the cycling for which they are intended. Modern cycling shoes are also designed to work with clipless pedal systems.
Rise in the number of cycling events, clubs and association across the globe is a vital factor responsible for the upliftment of the market growth, also rise in the cycling interest and high penetration of online sales channel, rise in the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe, growing consumer’s interest for mountain biking boost and rise in the disposable income are some of the prime factors among others driving the bicycle shoe market. Moreover, rise in the research and development activities in the market and rise in the demand from the emerging economies will further create new opportunities for bicycle shoe market the in the forecast period mentioned above.
However, low awareness about the bicycle shoes is the major factors among others which will obstruct the market growth, and will further challenge the growth of bicycle shoe market in the forecast period mentioned above.
This bicycle shoe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bicycle shoe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bicycle Shoe Market Scope and Market Size
Bicycle shoe market is segmented on the basis of product, price range, consumer orientation and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, bicycle shoe market is segmented into mountain bike shoe, road bike shoe, touring & city bike shoe and winter shoe.
- Based on price range, the bicycle shoe market is segmented into premium and mass.
- Based on consumer orientation, bicycle shoe market is segmented into male, female and kids.
The bicycle shoe market is also segmented on the basis of sales channel into online and offline.
Bicycle Shoe Market Country Level Analysis
Bicycle shoe market is analysed and market size, volume information is provided by country, product, price range, consumer orientation and sales channel as referenced above.
The countries covered in the bicycle shoe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
East Asia dominates the bicycle shoe market due to growing consumer’s interest for cycling activity along with large population base, high adoption rate, and concentration of manufacturers in this region.
The country section of the bicycle shoe market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bicycle Shoe Market Share Analysis
Bicycle shoe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bicycle shoe market.
The major players covered in the bicycle shoe market report are Exustar Enterprise Co. Ltd, Scott Sports, Wiggle Ltd, Deuter Sport GmbH, Giant Bicycles, Inertia Designs, Lone Peak Packs, MSX, Velotransit, Trek Bicycle Corporation, LAKE CYCLING, TOPEAK, Ortlieb USA, Recreational Equipment, Inc., SELLE ROYAL SPA, Merida Industry Co. Ltd, SHIMANO INC and adidas among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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