The global demand for Cycling Shoes Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Million Pairs in 2021 and forecast to touch XX Million Pairs by 2028 with a CAGR of XX% during 2022-2028.
As the name implies, cycling shoes are shoes meant for cycling purposes. There are numerous variants of cycling shoes depending on cycling type: road racing, track racing, casual cycling, touring, off-road or mountain biking, and indoor cycling or spinning. Increased power and safety are two major advantages of wearing cycling shoes. Cycling shoes are made of light, breathable materials and conform closely to the foot's shape for greater comfort. Compared to typical shoes, cycling shoes are designed with stiffer id soles for more efficient energy transfer of power from the cyclist to the pedals.
Market Dynamics
Cycling is considered an as wonderful workout. It helps manage weight, prevent medical conditions, and shape mental health. Growing health consciousness people, rising popularity and interest in recreational activities like biking, trekking, and other outdoor activities accelerate the demand for cycling shoes. The rising online and offline presence of manufacturers and suppliers, growing penetration of e-commerce, increasing disposable income, the increasing influence of social media, escalating awareness regarding various sporting events, availability of a wide range of cycling shoes with easy comparison are factors fuelling the market growth. However, preference for other workout types and must requirement of bicycles hinder demand for cycling shoes.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cycling shoes. The growth and trends of Cycling Shoes Industry provide a holistic approach to this study.
Market Segmentation
This section of the cycling shoes market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Road Bike Shoes
- Mountain Bike Shoes
- Cyclocross Shoes
- Indoor Cycling Shoes
- Others
By Design
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cycling Shoes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cycling Shoes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cycling shoes market include Giro, Shimano, Sidi, Bont Cycling, Northwave, DMT, Louis Garneau Sports, Fizik, Pearl Izumi, Specialized, Liv, Nalini, Bontrager. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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