Cycling Wears Market Report
Global Cycling Wears Market, Trends, Market Analysis, and Dynamics See less
Global Cycling Wears Market, Trends, Market Analysis, and Dynamics
The report on the Global Cycling Wears Market is segmented By Product (Clothing, Footwear, Head Gear, Eye Wear), By Distribution Channel (Hypermarket and Supermarket, Sports Variety Stores, E-commerce, Other), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Cycling Wears market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.
The report on the Global Cycling Wears Market is segmented By Product (Clothing, Footwear, Head Gear, Eye Wear), By Distribution Channel (Hypermarket and Supermarket, Sports Variety Stores, E-commerce, Other), and Region. This ma...
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.
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 operating in the global Cycling Wears market are-
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.
By distribution channel, the cycling wears market has been bifurcated into hypermarkets and supermarkets, sports variety stores, e-commerce, and others.
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.
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.
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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.