Bizizz Market Research has recently published a research report, “Mountain Bike Shoes Market By Distribution channel (Online and Offline), End-User (male and female), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Mountain Bike Shoes Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 932.1 Mn by 2027, witnessing a CAGR of 5.8 % during the forecast period. Key drivers of the market are rising mountain biking and advanced features associated with these Mountain bike shoes is propelling its market growth.
The individuals globally are becoming more adventurous and are willing to participate in the mountain biking activities in the recent years. Such trends in the market are propelling the growth of demand for mountain biking as they are imparted with additional benefits. These advantages includes its adoptability with the different weather conditions and withstanding extremities is boosting its market demand.
The Mountain Bike Shoes market is anticipated to register a CAGR of over 5.8% during the forecast period.
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By End-user, male segment held a key share in Global Mountain Bike Shoes Market in 2018.
The mountain biking activities are increasingly admired by the male gender globally that is propelling its market demand. Male being outgoing and increasing popularity for cycling among the individuals globally is attributed to its growth during the forecast period.
By distribution channel, Offline Segment of Global Mountain Bike Shoes Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
The offline segment globally is predominant for the purchases of the mountain bike shoes that has held approximately of 60% market demand in 2019. Such trend could be attributed to the increasing number of the specialty stores in the global market that are recognized for advanced offerings and variants.
European is anticipated to dominate the Global Mountain Bike Shoes Market during the Forecast Period
The European region is known for its mountain bike activities that is propelling the market growth of mountain bike shoes. The region is attributed with increasing disposable income along with rising safety concerns among the customers of mountain bikers is propelling the growth of this market.
Global Mountain Bike Shoes market was highly fragmented among the number of local and global players. Presence of numerous companies has created high competency and it encouraged the manufacturers to offer advanced products to the end-users in the global market during the forecast period.
Prominent players operating in the Global Mountain Bike Shoes Market are Adidas Outdoor, GIRO SPORT DESIGN, Five Ten Footwear Company, Frankd MTB Apparel, Pearl Izumi, Fox Head, Inc, SHIMANO INC, Trek Bicycle Corporation, NorthWave, and Specialized Bicycle Components., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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