The global mountain bike apparel market size was estimated to reach USD 5.12 billion in 2030 and is anticipated to grow at a CAGR of 5.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the rising popularity and increased participation in mountain biking. Mountain bike apparel plays a crucial role in providing protection against falls, collisions, and harsh weather conditions while ensuring comfort and flexibility for riders. The increasing adoption of mountain biking as both a recreational activity and a competitive sport has led to a growing demand for specialized gear and apparel that can endure the challenges of off-road cycling. The top wear segment dominated the market with a major share in 2022.
Mountain Bike Apparel Market Report Highlights
· Asia Pacific is expected to grow at the highest CAGR over the forecast period from 2023 to 2030. The increasing interest in adventurous activities and outdoor sports is driving market growth in the region
· The accessories segment is estimated to grow at the highest CAGR over the forecast period. The increasing adoption of accessories to achieve improved protection is driving the segment's growth
· Accessories price ranging from USD 101 to 150is anticipated to grow with the fastest CAGR over the forecast period. The increasing demand for accessories to achieve improved safety and overall performance of riders is driving the segment growth
· The online sales channel is expected to grow at the highest CAGR over the forecast period. Online distribution channels offer various conveniences for shopping owing to which, its use is increasing among consumers, thus driving the segment growth
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There is a noticeable increase in the demand for technologically advanced fabrics in mountain biking garments that provide features like temperature regulation, moisture-wicking, and abrasion resistance. A lucrative growth can be observed owing to the development and promotion of high-quality materials. Moreover, there is an opportunity to cater to consumers seeking versatile and multifunctional clothing options by offering mountain biking top wear that can be utilized for other outdoor activities, such as hiking or running. Expanding product offerings in this manner can help reach a broader audience. The specialty stores segment held the largest market size in 2022. Specialty stores play a significant role as a common distribution channel, catering to the specific requirements of outdoor enthusiasts and offering a range of products including apparel, accessories, and equipment.
Collaborating with specialty stores provides an opportunity for mountain biking apparel brands to effectively reach their target audience. However, it is important to note that competition for shelf space within these stores can be fierce. To stand out, brands must differentiate themselves from competitors and deliver high-quality products that align with the demands of outdoor enthusiasts. Europe accounted for the largest share of the market. The popularity of cycling tourism is surging in Europe, driven by the increasing health consciousness and desire for active vacation experiences. Within this trend, mountain bike tourism has particularly captured the interest of cycling enthusiasts and adventure seekers.
With its diverse range of routes and varying levels of difficulty, from scenic trails to challenging mountain rides, mountain biking has become a sought-after activity. Consequently, the demand for specialized mountain biking apparel has risen. In response, numerous companies in the region offer a wide array of high-quality garments designed to provide durability, breathability, and moisture-wicking capabilities, catering to the specific needs of mountain bikers. Various steps are adopted by major companies including partnerships, mergers & acquisitions, global expansion, etc. to gain a higher market share.
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Segmented the global mountain bike apparel market on the basis of product, product price range, distribution channel, and region
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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The latest trending report Global Cycling Apparel Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Cycling Apparel market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Cycling Apparel industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Cycling Apparel and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/19343-cycling-apparel-market-analysis-reportThe major players covered in Cycling Apparel are: Adidas Rapha MERIDA Nike Assos Specialized Bicycle Castelli Capo TREK Marcello Bergamo Mysenlan Jaggad JAKROO CCN Sport Pearl Izumi Spakct GIANTBy Type, Cycling Apparel market has been segmented into Professional Cycling Apparel Amateur Cycling ApparelBy Application, Cycling Apparel has been segmented into: Male Cyclists Female CyclistsThe report offers in-depth assessment of the growth and other aspects of the Cycling Apparel market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Cycling Apparel Market @ https://www.decisiondatabases.com/contact/download-sample-19343The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Cycling Apparel product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Cycling Apparel, with price, sales, revenue and global market share of Cycling Apparel in 2018 and 2019.Chapter 3, the Cycling Apparel competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Cycling Apparel breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Cycling Apparel market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Cycling Apparel sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Cycling Apparel Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-19343All Apparel Related Reports by DecisionDatabases.com @ https://goo.gl/GHVksMAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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