Press release
Cycling Wear Market Growth, Trends, Scope, Competitor Analysis and Forecast 2030
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐCycling wear refers to apparel and accessories specifically designed to provide comfort, performance, and safety for cyclists. This includes a wide range of products such as jerseys, shorts, leggings, jackets, gloves, helmets, and more. These garments are designed with flexible, moisture-wicking fabrics to ensure comfort and performance during cycling activities. With the increasing trend of cycling as a fitness activity, commuting option, and competitive sport, cycling wear has gained popularity, expanding across various demographics globally. This market includes both recreational cyclists and professional athletes, along with those participating in events or using cycling for commuting.
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐๐จ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ + ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ ๐ซ๐๐ฉ๐ก๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:-https://www.stellarmr.com/report/Cycling-Wear-Market/272
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The global ๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ was valued at USD 7.38 billion in 2023 and is expected to grow significantly during the forecast period, with a compound annual growth rate (CAGR) of 5.36%. By 2029, the market is projected to reach approximately USD 10.64 billion. The growth of the market is driven by increasing cycling participation across the world, the growing demand for specialized cycling apparel, and rising awareness about health and fitness.
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
๐๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ:
Several factors are fueling the growth of the cycling wear market. The increasing prevalence of chronic diseases such as obesity, diabetes, and hypertension, often linked to sedentary lifestyles, has made cycling a popular choice for exercise. Governments and health organizations are also promoting cycling for its cardiovascular benefits, further boosting the market. Additionally, the rising number of cycling events and competitions globally is increasing demand for specialized cycling apparel. Furthermore, the growing awareness around environmental sustainability is driving more people to opt for bicycles as a mode of transport, thus elevating the demand for cycling wear.
๐ ๐จ๐ซ ๐ ๐ช๐ฎ๐ข๐๐ค ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐:-https://www.stellarmr.com/report/req_sample/Cycling-Wear-Market/272
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
The cycling wear market is segmented by product type and distribution channel. In terms of product, the market is divided into cycling apparel and cycling accessories. The apparel segment is the dominant one, accounting for 70% of the market share in 2023. This includes items such as jerseys, shorts, tights, jackets, and gloves. Accessories, on the other hand, include helmets, shoes, and other gear, with the helmet market expected to see the fastest growth during the forecast period. Distribution channels include hypermarkets and supermarkets, specialty stores, and e-commerce platforms. E-commerce has emerged as a particularly strong channel due to the convenience of online shopping and the rise in demand for a diverse range of products.
By Product
Cycle Wear Apparel
Cycle Wear Accessories
By Distribution Channel
Hypermarket and Supermarket
Specialty Stores
E-Commerce
Others
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:-https://www.stellarmr.com/report/enquire_now/Cycling-Wear-Market/272
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
The future outlook for the cycling wear market is promising, with a projected steady growth rate through 2029. Factors such as increased participation in cycling events, heightened awareness of health benefits, and growing consumer interest in eco-friendly transportation are expected to keep the market on an upward trajectory. Additionally, technological innovations in cycling apparel, such as moisture-wicking fabrics and high-visibility jackets, will continue to attract customers. The rise of electric bicycles (e-bikes) may also drive additional demand for cycling apparel that accommodates both traditional and electric cycling.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ
Several emerging trends are shaping the cycling wear market. One such trend is the growing popularity of high-visibility cycling jackets, especially in regions with colder or darker climates. These jackets, often in bright neon colors with retro-reflective tapes, are designed to increase cyclist visibility and reduce accident rates. Furthermore, manufacturers are increasingly focusing on cycling wear fabrics that offer improved comfort, such as moisture-wicking materials that help to regulate body temperature and enhance performance. The rise of cycling events and festivals, particularly in regions like Europe and Asia, is also contributing to the demand for specialized cycling gear.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
There are significant opportunities for market players, particularly in regions experiencing rapid urbanization, such as Asia-Pacific. The growing trend of cycling as a sustainable mode of transportation, paired with improved cycling infrastructure, presents opportunities for both manufacturers and retailers. Moreover, the increasing popularity of cycling as a recreational sport and a fitness activity opens avenues for product innovation, such as high-tech wearables and performance-enhancing gear. Collaboration with cycling events and sports organizations can also offer exposure and boost brand visibility.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ข๐ง๐ค ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.stellarmr.com/report/req_sample/Cycling-Wear-Market/272
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ:
Despite the promising growth, the cycling wear market faces several challenges. The high cost of premium cycling apparel and accessories could deter some potential customers, especially in emerging markets. Additionally, the increasing use of electric bicycles (e-bikes) could potentially reduce the demand for traditional cycling wear, as these bikes tend to require less physical exertion. The market also faces challenges related to product durability and the environmental impact of textile production, with consumers becoming more conscious of sustainability and seeking eco-friendly alternatives.
๐๐ฒ๐๐ฅ๐ข๐ง๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Europe currently dominates the global cycling wear market, holding the largest market share in 2023, accounting for 34%. This is due to the region's robust cycling culture, especially in countries like the Netherlands, Germany, and Finland, where cycling is a daily mode of transport and recreational activity. The Asia-Pacific region is expected to witness the highest growth rate over the forecast period, particularly driven by increasing cycling events and the growing popularity of cycling in countries like China, Japan, and South Korea. North America, particularly the U.S., also remains a significant market for cycling wear, driven by high participation in cycling events and a growing awareness of the health benefits associated with cycling.
๐๐๐ญ ๐ญ๐จ ๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ:https://www.stellarmr.com/report/Cycling-Wear-Market/272 ๏ปฟ๏ปฟ
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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)
Tewsn Cycling Gear Limited (China)
๐ ๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ญ๐จ๐ฉ๐ข๐๐ฌ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐จ๐ฎ๐ซ ๐ฐ๐๐๐ฌ๐ข๐ญ๐:
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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