Cycling Shoes Market Scope
Cycling shoes work so well because they are very light and have a very stiff sole, which removes any energy loss through sole amortization. That is why all cyclists who are serious about cycling and upgrading their cycling goals ultimately switch to bicycle shoes. Cycling shoes work in symphony with the pedals that are prepared with special cleats that the shoe hooks on. This allows the rider to have a good constancy and to control the power output much more efficiently.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Giro (United States), SHIMANO (Japan), Sidi (Italy), Bont Cycling (Australia), DMT (Italy), Louis Garneau Sports (Canada), Fizik (Italy), Pearl Izumi (United States), Specialized Bicycle Components, Inc. (United States), Liv Cycling (United States), Nalini USA (United States), Mavic (France), Look Cycle (France) and Vittoria shoes (Italy) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Cycling Shoes market throughout the predicted period.
Giro (United States), SHIMANO (Japan), Sidi (Italy), Bont Cycling (Australia), DMT (Italy), Louis Garneau Sports (Canada), Fizik (Italy), Pearl Izumi (United States), Specialized Bicycle Components, Inc. (United States), Liv Cycling (United States), Nalini USA (United States), Mavic (France), Look Cycle (France) and Vittoria shoes (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are 45Nrth (United States), Lake Cycling (United States), Five Ten Footwear (Germany) and Luck (Spain).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cycling Shoes market by Type and Region with country level break-up.
On the basis of geography, the market of Cycling Shoes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023,Giro has acquired DMT Cycling, a manufacturer of premium cycling shoes and apparel, to strengthen its foothold in the cycling footwear segment and cater to a wider range of cyclists.
In June 2023, Louis Garneau unveiled the Course Pro shoes, designed for all-day comfort and performance, featuring a lightweight construction and breathable upper.
Influencing Trend:
The Growing Inclination of the Population towards a Healthy Lifestyle
Market Growth Drivers:
Increasing Number of People Opting For Cycling as a Hobby and Rising Participation in Sports and Fitness Activities
Restraints:
Fluctuations in Prices of Raw Materials
Opportunities:
Growing Number of Bicycle Riding Organizations and Bicycle Racing Events
Key Target Audience
Manufacturers of Cycling Shoes, Suppliers of Cycling Shoes, Wholesalers, Distributors and Retailers of Cycling Shoes, Raw Material Providers, Potential Investors and Others