Sales Of Cycling Apparel Is Expected To Accumulate A Value Of US$ 12.49 Million By 2032

The cycling apparel market report finds that the area of Asia Pacific excluding Japan (APEJ) is predicted to have significant growth potential. Sales of cycling clothing are anticipated to stay concentrated in developed nations of North America and Europe.

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The market for cycling apparel has been gaining substantial traction as sales of cycling apparel through sports variety stores show an increase across regions globally. In addition to sports variety stores, modern trade channels and third-party online sales channels are likely to see rise in the volume sales of cycling apparel during the projection period. Given the prevalence of e-commerce and the convenience factor, it is anticipated that the third-party online sales channel would present new growth potential as manufacturers take use of the online market's reach.

In a recent study paper, Fact.MR compiled numerous aspects of cycling clothing. The report predicts that the cycling gear market will grow significantly between 2018 and 2028 (the review period), mostly as a result of an increase in the number of cyclists in both established and developing countries of the world.

Demand for cycling apparel is still impacted by people's choice for the sport as a health-promoting activity. Cycling gear makers could have attractive growth opportunities as more and more people turn to cycling as a sustainable means of transportation, which will likely drive the market's expansion throughout the course of the assessment period.

According to a market assessment on cycling apparel, sales of the product are predicted to stay more concentrated in European nations than in the North American region. Comparing Europe to North American nations like the United States and Canada, the market attractiveness of Europe is predicted to be higher. However, during the projection period, emerging economies in Asia Pacific, except Japan (APEJ), with China continuing to be at the forefront of growth, are likely to lead in terms of demand and adoption of cycling apparel. Therefore, in the upcoming years, cycling apparel makers can anticipate a number of growth prospects from Europe and the APEJ regions.

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Cycling Apparel Market: Growing Number of Cyclists to Augment Demand

According to World Bank analysis, around 2 billion bicycles are in use across the globe and there is a strong likelihood that the number might reach five billion mark by end of 2050. Furthermore, more than 100 million bicycles are being manufactured per year. In addition, World Bicycle Relief (WBR) has distributed more than 200,000 specially designed bicycles to healthcare workers and students across South America, Africa and Southeast Asia. This aspect has significantly fuelled the use of cycling apparel, in turn pushing the growth of the cycling apparel market during the period of forecast.

Cycling Apparel Market: Electrification of Bicycles Opening New Frontiers

While manufacturers have been delivering cycling apparels for standard bicycle, retail shelves of sports variety stores and other retail outlets are expected to witness a new addition of cycling apparel specifically for electric bikes including quickly removable body armor parts. Moreover, according to Institute for Transportation and Development Policy (ITDC), electric bicycles accounted for a significant percentage last year and is expected to touch 11 percent by 2030 end. Albeit higher costs associated with the product, the preference for electric bicycles is expected to influence the use of cycling apparel, in turn supporting the growth of the cycling apparel market during the period of forecast.

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Cycling Apparel Market: Social Media Enhancing Sales

Pervasiveness of social media has largely enhanced the visibility scope for various brands and products and cycling apparel is no exception to this. Social media has proactively supported manufacturers in enhancing sales of their cycling apparel, and is trending across the entire supply chain of cycling apparel industry. With growing preference for cycling coupled with widespread marketing of cycling apparel products, it has become convenient for customers to select between brands and various cycling apparel products such as big shorts, t-shirts, gloves, jerseys and body insulators, to name a few, according to their cycling requirements. With social media boosting the cycling apparel visibility, the market for cycling apparel is projected to expand at a moderate rate during the period of forecast.

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