Global Cycle Shoe Market
Between 2018 and 2020, the global market value of cycling shoes grew steadily and amounted to an estimated value of about 772 million U.S. dollars in 2020. The forecast shows that the market value of cycling shoes will continue to increase and is expected to surpass the one billion U.S. dollars mark by 2027.
Source: Statista 2023
Cycling overall is on the rise. Production, purchases, money spent on equipment, distances, and time spent on the road are all rising. More people than ever are commuting by bike and integrating biking into their daily lives. The cycling events sector is projected to grow at a rate of around 5%, year on year, from 2022 to 2027,
Based on the growing popularity of cycling and the increasing value of the cycling shoe market, CycleSole is geared up for success.