Cycling Wear Market Overviews
Cycling Wear Market was valued at USD 7.38 Bn. in 2023. Global Cycling Wear Market size is estimated to grow at a CAGR of 5.36 % over the forecast period.
Cycling wear includes cycling wear apparel and cycling wear accessories. Cycling wear apparel is being worn during cycling to fit and support the body during riding. These apparel are stretchable to provide extra comfort to the wearer. Cycling wear apparel includes products such as shorts, jackets, leggings, gloves, and jerseys among others. The cycling wear market report comes with the PORTER analysis, PESTLE analysis and segment analysis, based on the product, distribution channel and region along with the market size forecast.
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Cycling Wear Market Scope and Methodology:
Increasing the prevalence of chronic diseases such as hypertension, diabetes and obesity due to lifestyle changes and unhealthy eating habits will increase the cycling habits recommended by doctors and health coaches to maintain good health are driving the growth of the cycling wear market.
The increasing number of cycling events and the growing popularity of sporting events around the world are expected to create favourable opportunities for players active in the cycling wear market through the forecast period. Cycling apparel and gear manufacturers have developed a wide range of cycling apparel and gear to keep their customers loyal to their cycling apparel products.
Cycling Wear Market Regional Insights
In 2020, Europe dominated the cycling wear market with 34 % share in 2023. Europe has seen a significant increase in the promotion of bicycle riding, and the market has been further penetrated with the advent of electric bicycles. About 73 % of Finland’s population uses bicycles for a variety of activities, including office commutes and leisure rides. These factors are driving the demand of the market in this region.
Cycling WearMarket Segmentation
By Product, The cycle wear apparel segment dominated the cycling wear market with 70 % share in 2023. There is a large selection of cycling wear apparel and clothing on the market. Leggings, shorts, gloves, beanies, tights jackets, and jerseys are all part of the cycling wear apparel category. These products are made of high-quality clothing that provides the rider with a high level of comfort as well as other features such as durability, moisture resistance, waterproofness, windproofness, and high visibility. Cycling clothing is designed to accommodate and support the body while cycling, thus it is composed of flexible material for added comfort. These factors are expected to drive the growth of the segment through the forecast period.
Cycling Wear Market Key Players
LUMIERE CYCLING (Australia),
ASSOS of Switzerland GmbH (Switzerland)
Giro (The U.S)
Champion System International (Hong Kong)
Castelli Cycling (Italy)
United Apparel Solution Ltd (Hong Kong)
Endura Limited (Italy)
Rapha Performance Roadwear (UK)
2XU Pty. Ltd (Australia)
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Key questions answered in the Cycling Wear Market are:
- What is Cycling Wear ?
- What was the Cycling Wear market size in 2023?
- What is the growth rate of the Cycling Wear Market?
- Which are the factors expected to drive the Cycling Wear market growth?
- What are the different segments of the Cycling Wear Market?
- What growth strategies are the players considering to increase their presence in Cycling Wear ?
- What are the upcoming industry applications and trends for the Cycling Wear Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Cycling Wear Market?
- Who are the leading companies and what are their portfolios in Cycling Wear Market?
- What segments are covered in the Cycling Wear Market?
- Who are the key players in the Cycling Wear market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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