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    Cycling Wears Market Report

    Cycling Wears Market Report
    Report code - SRCG338 Delivery - 2 Weeks
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    Global Cycling Wears Market, Trends, Market Analysis, and Dynamics
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    Impact of COVID-19 on Cycling Wears Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Cycling Wears Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Cycling Wears Market is projected to grow from USD 5.7 billion in 2020 to USD 7.4 billion by 2026 at a CAGR of over 4.5% during the forecast period.

    Figure: Global Cycling Wears Market Size, 2020-2026 (USD Billion)

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    What are Cycling Wears?

    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.

    Key Players

    Key players operating in the global Cycling Wears market are-

    •  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),
    • Isadore apparel (Slovakia), and
    • Tewsn Cycling Gear Limited (China).

    Market Dynamics

    The growth of the global Cycling Wears market is driven by the growing preference for riding bicycles owing to rising health and fitness consciousness among consumers.

    • The increasing prevalence of chronic diseases such as high blood pressure, diabetes, and obesity due to changing lifestyle patterns and unhealthy eating habits is likely to increase cycling practice to maintain good health as advised by the doctors and health trainers and thus, propel the market growth.
    • An increase in the number of cycling events organized across the globe and the growing popularity of sports events is likely to create lucrative opportunities for the players operating in the cycling wear market during the review period.

    Segment Analysis

    Distribution Channel Trends

    By distribution channel, the cycling wears market has been bifurcated into hypermarkets and supermarkets, sports variety stores, e-commerce, and others.

    • Under these, the hypermarket and supermarket stores segment accounted for the largest market share in 2020.
    • The segment growth can be attributed to the availability of a broad range of products under the sports product segment in these stores. The e-commerce segment is projected to register the fastest growth during the review period.

    Regional Trends

    By region, the market in Europe garnered the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.

    • The regional growth can be attributed to high spending on promoting riding bicycles and the introduction of electric bicycles.
    • The market in Asia-Pacific is projected to register the fastest growth rate on account of increasing cycling events in countries including China, Japan, and South Korea.

    COVID-19 Impact on Global Cycling Wears Market

    Covid-19 outbreak impacted the growth of the cycling wears market negatively for a short period of time. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the manufacturing and availability of the product in the market. Additionally, many cycling events were either cancelled or postponed due to fear of infection. Furthermore, people moved out of their houses only for essential needs and thus, affected the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the global Cycling Wears market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of the COVID-19 on the global Cycling Wears market?
    • What are the key strategies adopted by the major vendors to lead in the global Cycling Wears market?
    • What is the market share of the top vendors?

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    Target Audience

    • Cycling wears distributors
    • Cycling wears suppliers
    • Cycling wears manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The cycling wears market is expected to witness an impressive growth of 4.5% CAGR in the coming years.

    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), Isadore apparel (Slovakia) and Tewsn Cycling Gear Limited (China) are among the key players in the cycling wears market.

    The cycling wears market size is expected to reach USD 7.4 billion in the foreseeable future.

    Growing preference for riding bicycles owing to rising health and fitness consciousness among consumers, increasing prevalence of chronic diseases, ncrease in the number of cycling events organized across the globe are the factors driving the growth of cycling wears market.

    The hypermarket and supermarket stores segment accounted for the largest market share in 2020.

    Asia-pacific is expected to register the fastest growth in the cycling wears market in the next five years.

    Cycling wears distributors, Cycling wears suppliers, Cycling wears manufacturers, Logistics organizations, Government bodies are the target audience in the cycling wears market.

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