Cycling Clothing Market REPORT OVERVIEW
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The global cycling clothing market size was USD 3396 million in 2022 and is projected to touch USD 7108.1 million by 2031, exhibiting a CAGR of 7.6% during the forecast period.
Cycling clothing is made from fabrics through which water can move away skin and evaporate. The clothing is specially designed to be worn while cycling. It includes cycling shorts, cycling jerseys, cycling gloves, cycling jacket, cycling helmet, and cycling wind coats. The clothing helps to keep cyclist cooler and more comfortable. Wearing cycling clothing’s helps the cyclist to protect from harsh roads and weather.
Growing adoption of cycling as a hobby or act of health & fitness is expected to fuel market growth. Increasing popularity of cycling tournaments is predicted to fuel market growth. Rising awareness of a healthy lifestyle and staying fit are anticipated to boost product adoption. Growing sports related promotions are projected to drive market growth. Further, health benefits of cycling such as reduction of body fats, strengthen of bones, and decreasing stress level. Such health benefits associated with cycling are predicted to increase market growth during the forecast period.
COVID 19 Impact: Closure of Outdoor Stadium to Impact Market Growth
Lockdown restrictions during pandemic to hamper market growth. Shutdown of clothing industries reduced product demand. Closer of outdoor stadium restrained sales of the product. Work from culture decline cycling adoption as a mode of communication. Ban on transportation during the pandemic to reduced market growth. The market witnessed supply and chain disruption. Lack of sales of the product impacted economic growth.
On the contrary, increasing preference for wellness and fitness is estimated to increase market growth. Growing adoption of cycling for its health benefits is expected to boost market growth.
LATEST TRENDS
"Growing Adoption of Cycling to Foster Market Expansion"
Increasing adoption of cycling as a hobby or sport is estimated to boost market growth. Rising popularity of adventure sports and events is predicted to surge market growth. Increasing demand for sweat-proof fabric while outdoor activities are projected to boost product adoption. Rising popularity of cycling tournaments is predicted to fuel market growth. Increasing number of world cycling competitions is anticipated to fuel market growth. Rising adoption of safe cycling wear is estimated to increase market growth. Increasing preference for cycle tournament is predicted to boost market growth during the forecast period. Rising consumers in urban areas are preferring to adopt cycling as a mode of transportation is estimated to stimulate cycling clothing market growth.
Cycling Clothing Market SEGMENTATION
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- By Type
Based on type, the market is divided into professional cycling apparel and amateur cycling apparel.
Professional cycling apparel is estimated to be the leading part of the type segmentation.
- By Application
Based on the application, the market is divided into male cyclists and female cyclists.
Male cyclists are estimated to be the leading part of the application segmentation.
DRIVING FACTORS
"Increase Awareness Related to Health and Fitness to Incite Market Growth"
Rising awareness about health and fitness among population is expected to fuel market growth. Increasing health-related problem such as high blood pressure, diabetes, and obesity among youth and middle people. Such rising health issues require control which is projected to drive market growth. Increasing number of physicians and health trainers’ advice for regular cycling is anticipated to fuel market growth. Increasing demand for cardio and fat loss among consumers is predicted to surge product adoption. Growing trend to wear comfortable and fashionable cycling outfit is expected to propel market growth. Increasing demand to reduce stress levels is anticipated to surge market growth. High demand for strengthening bones is estimated to drive market growth. Rising number of population maintaining a healthy lifestyle is predicted to surge cycling clothing market growth.
"Rising Demand for Sports Wear to Accelerate Market Growth "
Increasing demand to wear sportswear during outdoor activities is estimated to stimulate market growth. Rising demand to feel comfortable during cycling activities is projected to drive product adoption. Further, presence of multiple designs and colors is predicted to boost market growth. Rising awareness among athletic to wear sweat proof fabric is estimated to increase market growth. In addition, high adoption of retro-reflective tape for visibility is estimated to propel product adoption. Growing demand for garment which helps to stay cool and friendly with skin. Such benefits are predicted to surge market growth during the forecast period. Cycling outfit consists of moisture resistance, windproof, high visibility, durability, and complete fit. Such advantages of the product are estimated to propel cycling clothing market growth.
RESTRAINING FACTORS
"Lack of Awareness Among Population to Hinder Market Growth "
Lack of awareness about sportswear among general population is estimated to hinder cycling clothing market growth.
Cycling Clothing Market REGIONAL INSIGHTS
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"Growth in Cycling Industry in Europe to Drive Market Share "
Europe is estimated to hold largest part of cycling clothing market share due to increasing sale of the product. Growing adoption of outdoor activities such as cycling is estimated to propel market growth. Rising number of cycling tournaments in the region is predicted to accelerate market growth. Growing number of people giving importance to maintaining healthy lifestyle is projected to boost product adoption. Increasing adoption of cycling as a hobby or sport is estimated to boost market growth during the forecast period.
North America is expected to have considerable market growth due to growing popularity of cycling sports among youth. Increasing number of people concerned about environment is estimated to surge cycling clothing adoption. Rising cycling torments or competitions in the region are projected to drive market growth. Growing demand for comfortable sportswear is anticipated to propel market growth. In addition, higher demand for stretchable fabric is predicted to surge market growth during the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Adidas (Germany)
- Nike (U.S.)
- Specialized Bicycle (U.S.)
- MERIDA (Taiwan)
- TREK (U.S.)
- Capo (Belgium)
- Assos (U.K.)
- Rapha (U.K.)
- Marcello Bergamo (Italy)
- Castelli (Italy)
- Jaggad (Australia)
- Pearl Izumi (U.S.)
- GIANT (Taiwan)
- CCN Sport (Australia)
- Mysenlan (U.S.)
- JAKROO (U.S.)
- Spakct
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3396 Million in 2022 |
Market Size Value By |
US$ 7108.1 Million by 2031 |
Growth Rate |
CAGR of 7.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the cycling clothing market expected to touch by 2031?
The cycling clothing market is expected to reach USD 7108.1 million by 2031.
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What CAGR is the cycling clothing market expected to exhibit by 2031?
The cycling clothing market is expected to exhibit a CAGR of 7.6% by 2031.
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Which are the top companies operating in the cycling clothing market?
Adidas, Nike, Specialized Bicycle, MERIDA, TREK, Capo, Assos, Rapha, Marcello Bergamo, Castelli, Jaggad, Pearl Izumi, GIANT, CCN Sport, Mysenlan, JAKROO, and Spakct are the top companies operating in the cycling clothing market
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Which are the driving factors of the cycling clothing market?
Drivers of this cycling clothing market are increase awareness related to health and fitness and rising demand for sportswear.