According to HTF MI, “Global Indoor & Outdoor Cycling Shoes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Indoor & Outdoor Cycling Shoes Market is anticipated to grow at a compound annual growth rate (CAGR) of 6.75% from 2024 to 2030, reaching USD 648.01 Million in 2024 and USD 958.95 Million by 2030.
Cycling enthusiasts expect Cycling Shoes, carefully made shoes that provide safety while riding and enhance comfort. It offers safety, efficiency, and comfort whether riding indoors or outside. The Cycling Shoes pedals, which may be used indoors or outdoors, are powered by either soft or rigid soles, which improve the connection to the bike. They are constructed of breathable materials. These cycling shoes are designed to fit either a clip-in pedal system or clipless studs to secure the bike’s pedals. According to the kind of riding style, the market offers a broad variety of specific types of cycling shoes that increase power and efficiency while lowering the likelihood of general tiredness. Cleats, pedals and shoes are the three essential components of both indoor and outdoor cycling shoes.
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Key and developing players who have been highlighted as part of the coverage include SHIMANO INC, DMT, Nike, Inc. Scott Sports SA, Adidas AG, Giro, Specialized Bicycle Components, Inc., DHB Sport, Bont Cycling, Mavic, Fizik Selle, Royal Spa, Liv Cycling, Vittoria s.r.l., Sidi Sport S.r.l, North Wave, etc.
Indoor & Outdoor Cycling Shoes
Market Drivers
- The population’s frequent participation in physical activities that promote numerous health advantages and long-term fitness is largely due to the rising trend towards a healthy lifestyle. People are considering their own health and lifestyle choices as a result of the rising health risks associated with conditions including arthritis, obesity, and cardiovascular disease. As individuals become more conscious and engage in activities that require mobility, such jogging and cycling, there is an increase in the engagement in sports and fitness activities. Cycling is a safe, enjoyable, and low-impact type of exercise that may be chosen by people of all ages to lower their chance of developing health issues as a result of a sedentary lifestyle.
Market Trend
- The cycling shoe market is evolving as a result of the rise in bicycle riding groups and races. The market for indoor and outdoor cycling shoes is expanding in response to the increased interest in cycling as a sport. Cycling sports lovers have started to form bike riding organisations, and the timely organisation of such racing games and championships has boosted the outdoor cycling shoe industry. However, due to the COVID-19 limitation and lockdown, which encouraged individuals to purchase both inside and outdoor cycling shoes, the market for indoor cycling shoes has lately grown. The goal of the bicycle racing programme events is to encourage cycling sports and reduce environmental pollution by providing people with an active transportation choice.
Market Opportunities
- Cycling shoes for indoor and outdoor use are getting a boost from their availability through online sales channels. Earlier, purchasing cycling shoes for indoor and outdoor usage was increasingly done at more established retailers like hypermarkets and name-brand stores. E-commerce emerged with the advent of the digital age and is still active today. The ability to purchase goods from the convenience of your home has improved. Websites make it easy to purchase things based on details like sizes, styles, price range, function, etc. They also make it clear how to make payments. As more individuals engage in cycling activities for lifestyle improvements and fitness maintenance, there is an increase in speciality shops selling cycling gear and accessories.
Market Challenges
- Due to a drop in demand for cycling shoes, the COVID-19 epidemic has had an impact on the world market for indoor and outdoor riding shoes. As a result of the lockdown, which prevented people from travelling and engaging in indoor and outdoor cycling activities, shoe consumption has significantly decreased. The COVID-19 pandemic limitations made it difficult to engage in any type of leisure activity, exercise in a gym, or engage in other similar places and activities. The professional cycling industry has been hampered over the past year. Due to the limitation and lockout, outdoor bike sports activities were entirely interrupted in metropolitan public places. However, a portion of the population that owns a treadmill or stationary bike has kept the market for indoor cycling shoes alive.
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Key Market Segmentation:
The report has categorized the Indoor & Outdoor Cycling Shoes market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Indoor, Outdoor
Market Breakdown by Types:
- Male, Female
Report Scope
The Market size value in 2024 (USD 648.01 Million)
Revenue Forecast by 2033 (USD 958.95 Million)
Growth Rate CAGR Of (6.75%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are SHIMANO INC, DMT, Nike, Inc. Scott Sports SA, Adidas AG, Giro, Specialized Bicycle Components, Inc., DHB Sport, Bont Cycling, Mavic, Fizik Selle, Royal Spa, Liv Cycling, Vittoria s.r.l., Sidi Sport S.r.l, North Wave, etc
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Key highlights of the report:
- Indoor & Outdoor Cycling Shoes Market Performance (2019-2023)
- Indoor & Outdoor Cycling Shoes Market Outlook (2024-2030)
- Indoor & Outdoor Cycling Shoes Market Trends
- Indoor & Outdoor Cycling Shoes Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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