Cycling Wears Market Report

Market Insights

The Global Cycling Wears Market is estimated to grow from USD 6.4 billion in 2022 to USD 8.41 billion by 2028 at a CAGR of 4.61% during the forecast period.

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What is Cycling Wear?

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 wear 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 2022.
• 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 2022 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

The COVID-19 outbreak impacted the growth of the cycling wear 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 canceled 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 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

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 to sales@stratviewresearch.com.