Market Overview:
The cycling wear market comprises a wide range of clothing such as cycling jerseys, jackets, shorts, tights, gloves and accessories designed for cycling. Cycling apparel offers benefits such as moisture wicking materials that keep riders dry, breathable fabrics, storage pockets, and protection from UV rays. Increasing concerns regarding health issues like obesity have prompted people to opt for cycling as an exercise regime. This growing popularity and acceptance of cycling as a fitness activity has boosted demand for specialized cycling apparel across the globe.
The Global Cycling Wear Market is estimated to be valued at US$ 5632.18 Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Cycling Wear are Alpha MOS, E-Nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, Scensive Technology, Envirosuite Limited, RoboScientific Ltd., Chromatotec and Intelligent Optical Systems, Inc. The growing popularity of road cycling and mountain biking has increased demand for high-performance cycling apparel that offers breathability, comfort, and protection from environmental elements. Technological advancements in fabric materials have enabled manufacturers to develop cycling gear with enhanced features such as moisture-wicking, UV protection, reflectivity, anti-bacterial properties, and increased stretchability & flexibility.
Market Trends
Growing focus on eco-friendly and Cycling Wear Market Trends sustainable materials is prompting cycling wear brands to explore more sustainable fabric options derived from recycled polyesters, organic cotton, and bio-based materials. Increasing R&D towards smart cycling gear integrated with technology features is also a key trend. Major brands are launching apparel equipped with features like Bluetooth connectivity, Fitness trackers, and GPS enable sensors.
Market Opportunities
The rising popularity of indoor cycling and Zwift gameplay offers lucrative opportunities for brands to target this emerging niche. Integration of protective gear like knee pads, gloves etc in the apparel product lines can also expand market outreach. Growing cycling tourism globally presents opportunities to promote cycling lifestyle apparel among recreational riders and tourists.
Impact of COVID-19 on Cycling Wear Market Growth
The COVID-19 pandemic has significantly impacted the growth of the cycling wear market. During the initial outbreak, lockdowns were imposed worldwide which forced cycling clubs, gyms and other recreational activities to shut down. This led to a sharp decline in sales of cycling gears and apparels. Manufacturing facilities were also closed temporarily which disrupted the supply chain. However, with lifting of lockdowns and growing health consciousness, demand for cycling gears started picking up again as it is considered a safe outdoor activity with physical distancing. Sale of casual cycling wears also increased as more people took up cycling for exercising during the pandemic. Going forward, market players need to focus on expanding e-commerce channels and promoting cycling for fitness and stress relief in the post COVID era to boost market growth.
North America Region Dominates Cycling Wear Market in Terms of Value
North America currently accounts for the largest share of the global cycling wear market in terms of value. This is attributed to high participation in cycling activities for both recreation and commuting purposes. Countries like the United States and Canada have extensive cycling infrastructure including dedicated bike lanes in many cities which encourages cycling. Moreover, presence of leading cycling brands and growing health awareness among consumers in the region positively impact the market growth. The region is expected to continue dominating the cycling wear market during the forecast period given rising cycling tourism and initiatives to promote eco-friendly commute options.
Asia Pacific Emerges as the Fastest Growing Region for Cycling Wear Market
Asia Pacific region is projected to witness the fastest growth in the cycling wear market over the coming years. Rapid urbanization, increasing middle class population, growing focus on physical fitness and rising disposable incomes are some of the key factors driving the market in Asia Pacific. Moreover, countries like China, India and South East Asian countries are investing heavily in development of cycling infrastructure. Local manufacturers are also launching affordable cycling gears to cater to the mass market. Along with population and economic growth, initiatives like 'Cycling Without Age' in countries like Japan and cycling promotion projects in India and China will further accelerate the APAC market's growth during the forecast period.
Get more insights, On Cycling Wear Market
Check more trending articles related to this topic: Industrial Enzymes Market
The global Cycling Wear Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cycling wear market include Lumiere Cycling, Giro Sport Design, Castelli Cycling, Rapha Racing Limited, Champion System, United Apparel Solution Ltd., Assos of Switzerland GmbH, Endura Limited, Isadore apparel, 2XU.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cycling Wear Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cycling-wear-market/download-sampleMarket DynamicsAn increasing number of health issues like diabetes, obesity, high blood pressure, and the eagerness to maintain a healthy lifestyle have motivated many people to integrate cycling as a part of their lifestyle.
Awareness about environmental issues is also an essential factor in the popularity of cycles and cycling wear.
Numerous cycling events are held throughout the year, and the increasing importance of adventure sports is also influencing the market for cycling wear positively.
