The ‘Global Cycling Apparel Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cycling apparel market, assessing the market on the basis of its segments like type, end-user, demographics, sales channel, and major regions.
Cycling Apparel Market Share, Size, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 5.3 Billion
• Forecast CAGR (2023-2028): 5.5%
• Forecast Market Size (2028): USD 7.3 Billion
The global cycling apparel market has been gaining traction due to the growing health consciousness among people, which is propelling them to opt for cycling. Regular cycling can help in reducing the risk of cardiovascular disease and also aids in reducing anxiety and stress. The growing efforts on the part of the government in the development of cycling infrastructure are also propelling the cycling apparel market.
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The COVID-19 pandemic further fueled the inclination towards bicycles and thus supported the market growth of cycling apparel in the historical period. The demand for cycling shorts is witnessing a constant increase as people are showing greater interest in bicycle trekking to explore nature and do adventurous activities. This further provides opportunities to the players in terms of developing stylish yet comfortable clothes for the cyclist.
Among all the regions, Asia Pacific is expected to witness the fastest growth, driven by countries like India and China. The increasing number of cycling events is likely to favour the regional market. Consumers are investing heavily in cycling activities as they are becoming aware of the importance of cycling for one’s health. Thus, better cycling infrastructure is driving people to opt for cycling as physical activity and ultimately supporting the future outlook for cycling apparel market.
Cycling Apparel Industry Definition and Major Segments
Cycling apparel is a type of clothing wear that people wear at the time of cycling as it offers comfort and helps in the enhancement of performance while cycling. Cycling apparel can be made from a variety of fabric types made using polyester, spandex, and nylon. The comfort level offered by the fabric plays a vital role in selecting cycling apparel.
Based on type, the global cycling apparel market is classified as:
- Top Wear
- Body Warmers/Insulators
- Bottom Wear
- BIB Shorts
- Tights and Pants
- Body Warmers/Insulators
The end-users of cycling apparel include:
By demographics, the market has been segmented into:
The sales channel in the cycling apparel market includes
• Sports Variety Stores
• Franchised Stores
• Modern Trade Channels
• Direct-to-Customer Channel
• Third Party Online Channel
For an in-depth analysis, the market has also been divided into regional markets like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Cycling Apparel Market Trends
The world is witnessing an increasing shift towards electric bicycles. In Europe, Asia, and countries like the USA, e-bikes are gaining huge popularity among people, favouring the cycling apparel market. This is propelling the clothing brands to design and launch new clothing wear lines for the cyclist. The increasing inclination towards sustainability is enabling market players to launch new products to meet the changing consumer demands.
In April 2022, Trek Bicycle launched its first clothing line made from sustainably sourced materials. The line includes cycling shorts, socks, and jerseys. Cyclists in the countries like the UAE and India increasingly demand cycling apparel due to their humid and hot climates. The increasing trend of customization can also be seen in the field of cycling apparel where players like Valcismon S.p.A is offering custom-tailoring clothing for cyclists.
The demand for cycling apparel is also gaining traction due to the design and special fabric that is used keeping in mind the comfort level of the cyclist and the suitability of such apparel to prevent sweating. Furthermore, during cycling, a lot of people prefer to wear fashionable cycling wear that adds to their style statement. Along with this, players are also offering options for home-delivery of apparel that adds to their ease and convenience in purchasing such apparel.
Key Market Players
The major players in the global cycling apparel market report are:
- Nike, Inc.
- Adidas AG
- Valcismon S.p.A
- Rider Sports Fashion
- LLC (Jakroo)
- CCN Sport Limited
- Specialized Bicycle Components, Inc
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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