Mountain Bike Footwear and Socks Market Global Industry Survey by Professional Top Brands Until 2023 | Shimano, Inc. , Five Ten Footwear Company , Diadora Sports S.r.l , Trek Bicycle Corporation , Louis Garneau Sports

Global Mountain Bike Footwear and Socks Market 2018 research report added by MarketResearchFuture.com to its vast repository provides important statistics and analytical data to give a complete understanding of the market.

Mountain Bike Footwear and Socks Market, By Value, is Predicted to grow at a CAGR of Over 5.57% by 2024

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Market Introduction:
Mountain biking is a sport of riding bicycles often over rough terrain which requires endurance, core strength and balance. Mountain bike footwear are specially designed for mountain biking. The rider is connected to the bike through pedals which makes it very important to have a right combination of pedal and shoe. Mountain bike footwear are 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. The sole of a clip less mountain shoe is designed to mount a cleat under the ball of the foot which ensures that the foot of the rider is always on the optimal spot. Mountain bike footwear provide various advantages of pedalling, control, safety and specificity.

Prominent Manufacturers:
• Shimano, Inc.
• Five Ten Footwear Company
• Diadora Sports S.r.l
• Trek Bicycle Corporation
• Louis Garneau Sports
• Giro
• Cannondale
• Mavik
• Fizik Northwave

Competitive Analysis:

Shimano Corporation offers wide range of mountain bike accessories including footwear and socks. The company has been active with new product launches as well as strongly focusses on building strategic partnership. MT7, SH-MT5, SH-MT3, SH-SD5, CT5, RT5W, RT4W, SH-MT5W, and SH-MT3W are some of its mountain bike footwear products.

Five Ten Footwear Company, a brand of Adidas is another leading brand in mountain bike footwear market. The company recently launched a new signature shoe, further enhancing its product portfolio. The product range include Freerider Pro, Freerider High, and Freerider Pro Women’s among others.

Mavic Company, a brand of Amer Sports Oyj., expanded its geographical reach by opening a new store in Helsinki. The store include sports as well as lifestyle products. Additionally, the company entered into partnership agreement with Haute Route Cycling Series as well as with Holowesko/Citadel Racing team to promote its product and increase its consumer base.

Vista Outdoor acquired BRG Action Sports Division from BRG Group which market leading brands Bell, Giro, C-Preme, and Blackburn with an aim to strengthen its ability to offer a broad range of innovative, high-quality products.

Market Forecast:
The popularity of digital and social media marketing has increased manifold in recent years. In addition, the age and gender targeted marketing options offered by major social media platforms made it easier for the companies to connect with the potential customers which has boosted the growth for mountain bike footwear and socks market.

Furthermore, the technological advancement in mountain biking equipment and accessories including footwear and shoes has provided a lot of comfort and convenience to participants. Moreover, growing number of women participation specifically in North America and Europe region is accelerating the demand for mountain bike footwear and socks.

However, athletic shoes and socks market is highly consolidated in North America accounting for more than 70% of the market where as global market is moderately consolidated. Smaller, specialized players have limited market share. The major players have well established brands, enjoy high brand recall among consumers as well as have large base of loyal consumers. This is considered to be a major barrier for new entrants in the market. Nevertheless, all these factors are boosting the global mountain bike footwear and socks market to grow at the CAGR of 5.57% during the forecast period of 2017-2024.

Region Analysis:
The global mountain bike footwear and socks market 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 and socks market 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.

Downstream Analysis:

Among the type, mountain bike footwear 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 and socks market, male segment accounts for 63% followed by female accounting for 34% of the global mountain bike footwear and socks market. 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.

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