Buy wisely
Buy wiselyBuy wisely
For RetailersFor developers
  1. Home
  2. Sports & Outdoor
  3. Cycling
  4. Bicycle Accessories
  5. Shimano PD-M540 SPD Pedals - Black
Buy wisely

BuyWisely is your one stop price comparison platform, delivering the best deals from over 20,000 online shops. We empower shoppers to make smart, cost-effective choices by offering transparent pricing, price history, and the latest deals across a broad range of products. With BuyWisely, your money goes further.

Popular Shops
JB Hi-Fi
The Good Guys
Harvey Norman
Appliances Online
Bing Lee
Kogan
Amazon
Officeworks
Contact Us
[email protected]
Affiliate Disclosure
Legal Information
Privacy Policy
Logos provided by Logo.dev
© 2026 BuyWisely•Price data powered by pricesAPI.io•Retailers: SellWisely.io
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black
Shimano PD-M540 SPD Pedals - Black

Shimano PD-M540 SPD Pedals - Black

Shimano PD-M540 SPD Pedals - Black

$61.99

(1,117 reviews)

An excellent clipless pedal for off-road use, thanks to the open clip-in mechanism and low weight a good pedal for competition riders. High quality, durable pedals Shimano PD-M540 SPD's are versatile pedals of the sort of high quality one expects from Shimano. They feature much of the technology found in higher end pedals, but for a fraction of the price! Shimano PD-M540 pedals are made from strong aluminium. With a design that's proved to be strong and efficient, these pedals can do the dirty work without looking overly massive. Use-friendly and long-lasting The open click mechanism on these Shimano PD-M540 click pedals ensures that you can click in securely in all conditions. As this pedal has click mechanisms on both sides, you don't have to worry about the position of the pedal. You can always click in! The bearings in this pedal have a good seal and are resistant to rain, sand and mud. Also, the Chromoly steel shaft is protected against rust, creating a very good durability.

An excellent clipless pedal for off-road use, thanks to the open clip-in mechanism and low weight a good pedal for competition riders. High quality, durable pedals Shimano PD-M540 SPD's are versatile pedals of the sort of high quality one expects from Shimano. They feature much of the technology found in higher end pedals, but for a fraction of the price! Shimano PD-M540 pedals are made from strong aluminium. With a design that's proved to be strong and efficient, these pedals can do the dirty work without looking overly massive. Use-friendly and long-lasting The open click mechanism on these Shimano PD-M540 click pedals ensures that you can click in securely in all conditions. As this pedal has click mechanisms on both sides, you don't have to worry about the position of the pedal. You can always click in! The bearings in this pedal have a good seal and are resistant to rain, sand and mud. Also, the Chromoly steel shaft is protected against rust, creating a very good durability.

(1,117 reviews)

An excellent clipless pedal for off-road use, thanks to the open clip-in mechanism and low weight a good pedal for competition riders. High quality, durable pedals Shimano PD-M540 SPD's are versatile pedals of the sort of high quality one expects from Shimano. They feature much of the technology found in higher end pedals, but for a fraction of the price! Shimano PD-M540 pedals are made from strong aluminium. With a design that's proved to be strong and efficient, these pedals can do the dirty work without looking overly massive. Use-friendly and long-lasting The open click mechanism on these Shimano PD-M540 click pedals ensures that you can click in securely in all conditions. As this pedal has click mechanisms on both sides, you don't have to worry about the position of the pedal. You can always click in! The bearings in this pedal have a good seal and are resistant to rain, sand and mud. Also, the Chromoly steel shaft is protected against rust, creating a very good durability.

An excellent clipless pedal for off-road use, thanks to the open clip-in mechanism and low weight a good pedal for competition riders. High quality, durable pedals Shimano PD-M540 SPD's are versatile pedals of the sort of high quality one expects from Shimano. They feature much of the technology found in higher end pedals, but for a fraction of the price! Shimano PD-M540 pedals are made from strong aluminium. With a design that's proved to be strong and efficient, these pedals can do the dirty work without looking overly massive. Use-friendly and long-lasting The open click mechanism on these Shimano PD-M540 click pedals ensures that you can click in securely in all conditions. As this pedal has click mechanisms on both sides, you don't have to worry about the position of the pedal. You can always click in! The bearings in this pedal have a good seal and are resistant to rain, sand and mud. Also, the Chromoly steel shaft is protected against rust, creating a very good durability.

$61.99 - $203.90

in 54 offers

The lowest price for Shimano PD-M540 SPD Pedals - Black right now is $61.99 at AliExpress.com - AliExpress-226247430, compared across 52 retailers.

The all-time low was $38.99 on 2 May 2026 — today's price is 59% above the lowest ever. It has been notably cheaper before — worth setting a price alert.

Prices last updated 30 Oct 2026.

Price comparison

Price data powered by pricesAPI.io

Last updated at 30/10/2026 18:12:53

Please note: price history and price alerts are not available for some stores, including Amazon.com.au.
https://www.google.com/s2/favicons?domain=aliexpress.com&sz=64AliExpress.com - AliExpress-226247430

$61.99

SHIMANO M540 Pedal SPD Mountain Bike Riding Self-locking Pedal

Delivery $20.70

https://www.google.com/s2/favicons?domain=lordgun.com.au&sz=64Lordgun.com.au

$79.70

Shimano MTB PD-M540 pedals Colour Black

Delivery between Tue – Wed $39.70

https://www.google.com/s2/favicons?domain=riderovika.com&sz=64riderovika.com

$81.89

SHIMANO PD-M540 MTB SPD Pedals (Two Sided)

Delivery between 5–10 Nov $76.18

https://www.google.com/s2/favicons?domain=bikesonline.com.au&sz=64Bikes Online Australia

$87.99

Shimano PD-M540 SPD Pedals

Delivery between 3–12 Nov $12.90

https://www.google.com/s2/favicons?domain=deporvillage.net&sz=64Deporvillage.net

$90.00

Shimano M540 SPD MTB Pedals Black

Delivery $63.99

https://www.google.com/s2/favicons?domain=ciclimattio.com&sz=64Cicli Mattio AU

$90.75

SHIMANO - PD-M540 SPD Pedals Black SPD

Delivery $50

https://www.google.com/s2/favicons?domain=varuste.net&sz=64Varuste.net

$94.65

Shimano PDM540 SPD Pedals with Cleats

Delivery $39.50

https://www.google.com/s2/favicons?domain=giantnorthlakes.com.au&sz=64Giant North Lakes

$94.95

Shimano PD-M540 SPD Pedals Black

Delivery between 5–13 Nov $9.50

https://www.google.com/s2/favicons?domain=georgesbikeshop.com.au&sz=64George's Bike Shop

$97.99

Shimano PD-M540 SPD Pedals Deore Black

Delivery between 2–10 Nov $12.95

https://www.google.com/s2/favicons?domain=ebay.com.au&sz=64eBay.com.au

$99.99

Shimano Pd-m540 Spd Pedals Black

Delivery $9.90

Affiliate Disclosure: We may receive a small commission for purchases made through this link at no extra cost to you. This helps support our site. Thank you!

Price history

Price history

Please note: price history and price alerts are not available for some stores, including Amazon.com.au.

Reviews

A very good pedal
6 May 2022John L.

originally posted on tredz.co.uk

A slightly cheaper version of the XT pedals I have been using for the last 20 years. The design is faultless- they work in all conditions - and keep on working! They are virtually maintenance free- just clean the clip in area with a brush and water to remove dirt and grit after each ride - bearings can be regreased - but this shouldn’t need doing often unless you jet wash the seals and force water in . The tension can be set to release the foot with just a slight lateral twist - which means putting the foot down in an emergency is quick and saves falling off. Quality Shimano build - a great pedal - and built to last even with the inevitable pedal strikes which happen on rocky terrain

An excellent pedal
29 August 2022RikGPops

originally posted on halfords.com

This is a good quandary sturdy pedal that should suit all but the very beginner.Easy to install with the correct Allen wrench and quite adjustable to individual preferences.Being double sided means there’s always a mechanism to clip in to.The design means that it clears mud etc while still offering security.Fairly light but priced for the non-professional.Can be serviced but you need a special tool (which is very cheap).These pedals come with genuine Shimano cleats (SH 51) and these are not cheap so a bargain to get both together.There is enough pedal to use if you miss clipping in first time.For the price, this is a great pedal for non-road race cycling and, I feel, easier to come to terms with than a road pedal.I use these pedals on an MTB for ... MoreThis is a good quandary sturdy pedal that should suit all but the very beginner.Easy to install with the correct Allen wrench and quite adjustable to individual preferences.Being double sided means there’s always a mechanism to clip in to.The design means that it clears mud etc while still offering security.Fairly light but priced for the non-professional.Can be serviced but you need a special tool (which is very cheap).These pedals come with genuine Shimano cleats (SH 51) and these are not cheap so a bargain to get both together.There is enough pedal to use if you miss clipping in first time.For the price, this is a great pedal for non-road race cycling and, I feel, easier to come to terms with than a road pedal.I use these pedals on an MTB for mainly on-road use and I feel safe in that i won’t slip from the pedal but I unclipping is fast and easy in traffic.

Easy
16 May 2023Alain

originally posted on altitude-sports.com

Quick and easy in and out, solid no nonsense pedals. Fit just fine with my regular cleats and 3 pairs of shoes. Can’t go wrong with these for off road, commute, road. I’ve smacked multiple rocks and these just keep going. Bearings are nice and smooth, just love these things.

Specification

Average weight352 (/pair)
BindingDual Sided
Cleat includedSM-SH51
Optional cleatSM-SH56
ReflectorSM-PD22

Price comparison

Updated 4 days ago
Please note: price history and price alerts are not available for some stores, including Amazon.com.au.
https://www.google.com/s2/favicons?domain=aliexpress.com&sz=64
AliExpress.com - AliExpress-226247430

$61.99

SHIMANO M540 Pedal SPD Mountain Bike Riding Self-locking Pedal

Delivery $20.70

https://www.google.com/s2/favicons?domain=lordgun.com.au&sz=64
Lordgun.com.au

$79.70

Shimano MTB PD-M540 pedals Colour Black

Delivery between Tue – Wed $39.70

https://www.google.com/s2/favicons?domain=riderovika.com&sz=64
riderovika.com

$81.89

SHIMANO PD-M540 MTB SPD Pedals (Two Sided)

Delivery between 5–10 Nov $76.18

https://www.google.com/s2/favicons?domain=bikesonline.com.au&sz=64
Bikes Online Australia

$87.99

Out of stock

Shimano PD-M540 SPD Pedals

Delivery between 3–12 Nov $12.90

https://www.google.com/s2/favicons?domain=deporvillage.net&sz=64
Deporvillage.net

$90.00

Shimano M540 SPD MTB Pedals Black

Delivery $63.99

Price history

Price history

Please note: price history and price alerts are not available for some stores, including Amazon.com.au.

Reviews

A very good pedal
6 May 2022

A slightly cheaper version of the XT pedals I have been using for the last 20 years. The design is faultless- they work in all conditions - and keep on working! They are virtually maintenance free- just clean the clip in area with a brush and water to remove dirt and grit after each ride - bearings can be regreased - but this shouldn’t need doing often unless you jet wash the seals and force water in . The tension can be set to release the foot with just a slight lateral twist - which means putting the foot down in an emergency is quick and saves falling off. Quality Shimano build - a great pedal - and built to last even with the inevitable pedal strikes which happen on rocky terrain

John L. originally posted on tredz.co.uk
An excellent pedal
29 August 2022

This is a good quandary sturdy pedal that should suit all but the very beginner.Easy to install with the correct Allen wrench and quite adjustable to individual preferences.Being double sided means there’s always a mechanism to clip in to.The design means that it clears mud etc while still offering security.Fairly light but priced for the non-professional.Can be serviced but you need a special tool (which is very cheap).These pedals come with genuine Shimano cleats (SH 51) and these are not cheap so a bargain to get both together.There is enough pedal to use if you miss clipping in first time.For the price, this is a great pedal for non-road race cycling and, I feel, easier to come to terms with than a road pedal.I use these pedals on an MTB for ... MoreThis is a good quandary sturdy pedal that should suit all but the very beginner.Easy to install with the correct Allen wrench and quite adjustable to individual preferences.Being double sided means there’s always a mechanism to clip in to.The design means that it clears mud etc while still offering security.Fairly light but priced for the non-professional.Can be serviced but you need a special tool (which is very cheap).These pedals come with genuine Shimano cleats (SH 51) and these are not cheap so a bargain to get both together.There is enough pedal to use if you miss clipping in first time.For the price, this is a great pedal for non-road race cycling and, I feel, easier to come to terms with than a road pedal.I use these pedals on an MTB for mainly on-road use and I feel safe in that i won’t slip from the pedal but I unclipping is fast and easy in traffic.

RikGPops originally posted on halfords.com
Easy
16 May 2023

Quick and easy in and out, solid no nonsense pedals. Fit just fine with my regular cleats and 3 pairs of shoes. Can’t go wrong with these for off road, commute, road. I’ve smacked multiple rocks and these just keep going. Bearings are nice and smooth, just love these things.

Alain originally posted on altitude-sports.com
Great functional pedals
1 June 2022

I have been on these pedals for about a month now. They do everything you would hope and expect. The one flaw I have with these is that I need to tighten the springs to the tightest gear so that my foot does not move around. It's not my first set of spds where I have had to tighten them down

Legionnaire originally posted on moosejaw.com
Great upgrade
25 January 2020

I bought these to replace the bottom-of-the-line platform pedals on the hybrid bicycle I use to commute to work. I use them with the included Shimano SH51 cleats. These are my first clipless pedals.It probably took 15 minutes of pedaling around the carpark, clipping and unclipping as I went, to feel confident enough to try them on the roads. It then still took a couple of rides to really get used to them.My biggest issue when cycling with platform pedals was that my shoes would occasionally lose contact with the pedals, especially when cycling in wet weather. I love the extra control these pedals have afforded me. The additionally power is a bonus.

Poking Tongues originally posted on REI
M540 SPD
5 May 2023

Very nice quality...appear to be well made. Stiff but they are new and will "wear in". The cleats included are nice but I think that the M series for more of a beginner would be appropriate but that is just an opinion as I like the cleats a lot. Just finished the first ride...lightened the spring by 3 clicks and this seems about right...take the time to check out the clips prior to the first ride as they seemed a tad stiff for me. The only complaint I would have would be for the instructions...would be nice to be in LARGER print and a few pictures would have been nice to serve as instructions/tutorial....but what do I know. Overall an excellent product!

FBerg originally posted on REI
Quality Pedal at a Low price
10 November 2021

I bought these pedals as a second set for my wife. She has another set of Shimano pedals using the small steel style cleat. These are quite an improvement in weight and design over the previous pedals. They appear much more minimal in design and they function just as well. I've always liked Shimano pedals for their ease of entry and release. A good choice for even the demanding rider.

originally posted on jensonusa.com
Reliability
8 June 2022

I’ve been using the 540 pedals, seems like, forever. I use them on a touring bike with Sidi Dominator 7s. They always do the job and require no regular maintenance unless you’re in crazy mud. The newer models are cool but these work just as well for half the price.

Randy originally posted on moosejaw.com
Second set.
27 December 2022

Very good out of the box. Have ridden 175 mi with them. Easy clip in and out without wiggle when peddling. No adjustments needed.This is my second set for a new bike. Have used the first set on a mtb for 2551 miles without a problem.

Anon originally posted on REI
Tried and true pedals for MTB
12 May 2020

I have always loved Shimano pedals, as opposed to other competitors and use these pedals primarily for mounting biking. The design is very robust and cant take a good knocking on rocks and roots. The adjustable float and disengage force is a must as you can really dial in how fast to release your foot when you get into sticky situations. The float definitely helps keep pressure off your knee joints and keeps them fresh. The pedal does a decent job to shedding mud but on a recent muddy ride, the mud did cake around the SPD cleat and made it harder to pull my foot off when needed once the mud dried a bit. There was no mud on the pedal itself but had to grind my shoe and cleat into the pedal a bit to clear out the mud from my shoe.

Dave originally posted on REI

Specification

Average weight352 (/pair)
BindingDual Sided
Cleat includedSM-SH51
Optional cleatSM-SH56
ReflectorSM-PD22

You may also like

Shimano PD ES600 SPD Pedals
Shimano PD ES600 SPD Pedals$123.00 - $204.99
★★★★★★★★★★
768
Compare 5 offers
Shimano PD-ES600 SPD Pedals
Shimano PD-ES600 SPD Pedals$85.01 - $160.00
★★★★★★★★★★
764
Compare 24 offers