The global cycling apparel market is expected to garner a market value of US$ 7.67 Million in 2023 and is expected to accumulate a market value of US$ 12.49 Million by registering a CAGR of 5% in the forecast period 2023-2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Cycling Apparel market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Cycling Apparels market.
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Key Companies Profiled
- Adidas Ag
- Assos of Switzerland
- Blacksheep
- Upland Sports Group(Capo)
- Giant Bicycle Inc
- Rapha racing Limited
- Specialized Bicycle Component
- Trek Bicycle Corporation
- Velocio International
- Ornot
Growth Drivers:
- Increasing Popularity of Cycling: The growing popularity of cycling as a recreational activity, a means of transportation, and a fitness option has driven the demand for specialized cycling apparel. More people are engaging in cycling for health and environmental reasons.
- Rising Awareness of Health and Fitness: The global focus on health and fitness has encouraged individuals to take up cycling as a form of exercise. High-performance cycling apparel provides comfort, moisture-wicking properties, and ventilation for optimal performance.
- Urbanization and Sustainable Transportation: Cycling is increasingly being adopted as a sustainable mode of transportation in urban areas, promoting the need for cycling-specific clothing that is comfortable, functional, and reflective for safety.
- Professional Cycling and Events: The popularity of professional cycling events like the Tour de France and the Olympics generates interest in cycling culture. Fans of the sport often seek to emulate the clothing worn by professional cyclists, driving demand for performance-oriented apparel.
- Technological Innovations: Cycling apparel manufacturers have been incorporating advanced technologies to create lightweight, breathable, and aerodynamic clothing. Technical fabrics, moisture management systems, and innovative designs enhance the cycling experience.
- Fashion and Style: Cycling apparel has evolved beyond functionality to incorporate fashion and style. Cyclists are looking for clothing that reflects their personal style while providing the necessary features for performance and safety.
- Participation in Group Rides and Clubs: Cycling clubs and group rides are popular social activities, fostering a sense of community among cyclists. This has driven demand for group-specific custom apparel, such as team jerseys and accessories.
- Expanding Demographics: The cycling community is becoming more diverse in terms of age and gender. This expansion has led to a wider range of cycling apparel options catering to different preferences and body types.
- E-commerce and Online Retail: The growth of online shopping has made it easier for consumers to access a wide variety of cycling apparel brands and styles. Online platforms provide a convenient way to browse and purchase products from anywhere.
- Events and Fundraisers: Charity rides, fundraising events, and awareness campaigns often involve participants donning custom cycling apparel. This has led to a demand for specialized clothing that showcases the cause or event.
- Influence of Influencers and Social Media: Influential cyclists, fitness enthusiasts, and social media personalities promote cycling apparel brands and styles through their online platforms, driving trends and influencing consumer preferences.
- Safety Awareness: As safety concerns continue to be addressed, cycling apparel with reflective elements, bright colors, and enhanced visibility features have become more appealing to cyclists, especially those who ride in low-light conditions.
Key findings of the Cycling Apparels market study:
- Regional breakdown of the Cycling Apparels market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Cycling Apparels vendors in detail.
- Region-wise and country-wise fragmentation of the Cycling Apparels market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Cycling Apparels market.
Competitive Landscape :
The cycling apparel market is highly unorganized as market comprises a large percentage of small players spread worldwide.
With growing popularity of cycling, manufacturers of cycling apparel competing in the international market are focusing on collaborative efforts with a view to organize the supply chain of the cycling apparel industry as well as advancements in cycling apparel that enhance comfort and usability.
- In winter 2022, Assos of Switzerland launched an exclusive winter cycling apparel collection that helps in riding for longer durations despite fall’s unpredictable collections.
- Ford has introduced cycling jacket that is a smart cycling apparel which has sleeves that light up to guide the rider on road. Such design innovations are expected to spur the demand for cycling apparel in turn favoring momentum of cycling apparel market during the forecast period.
Key Segments Profiled in the Cycling Apparel Industry Survey
- Topwear :
- Jerseys
- Jackets
- T-shirts
- Body Warmers/Insulators
- Bottomwear
- Bib Shorts
- Tights and pants
- Gloves
- Accessories
- Sales Channel :
- Sports Variety Stores
- Franchised Stores
- Sports Retail Chains
- Modern Trade Channels
- Direct-to-Customer Channel
- Third Party Online Channel
- Demographics :
- Men
- Women
- Kids
- Region :
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa
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Queries addressed in the Cycling Apparels market report:
- Why are the Cycling Apparels market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Cycling Apparels market?
- Which regions are displaying the fastest growth in the Cycling Apparels market?
- What are the underlying micro-macroeconomic factors affecting the global Cycling Apparels market?
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