Cycling Apparel Market
Cycling Apparel Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Cycling Apparel Market is segmented by Product, Type, End-User, and by Region. KDMI analyst foresees market revenue to cross USD 11.2 Billion by 2032 by growing with a CAGR of 5.8% during 2024-2032.
Cycling Apparel Market Highlights
The global cycling apparel market is expected to cross a value of USD 11.2 billion by the end of 2032. The market was valued at USD 7.6 billion in 2023 and is expected to expand at a CAGR of 5.8% between 2024-2032.
- Over the mid-term, the increase in attention related to health and fitness is the primary factor anticipated to drive the global cycling apparel market.
- The variations in seasonal demand for cycling apparel is a major factor to challenge the market growth.
- The European cycling apparel market is projected to dominate the global market.
Cycling Apparel Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 7.6 Billion |
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Forecast Year |
2024-2032 |
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Forecast Year Market Size |
USD 11.2 Billion |
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CAGR Value |
5.8% |
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Cycling Apparel Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Cycling Apparel Market Segmentation |
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Cycling Apparel Market Key Players |
NIKE Inc, Adidas AG, Marcello Bergamo, Castelli Cycling, JAKROO, Mysenlan, CCN Sport, LUMIERE CYCLING, GIRO SPORT DESIGN, Champion System, Endura Limited, Isadore Apparel, 2XU, ASSOS of Switzerland, Rapha Racing Limited, and others. |
Cycling Apparel Market Outlook
Cycling apparel or cycling clothes such as Lycra shorts are suitable for cycling. Lycra shorts are worn by cyclists as it moves within the body. Cycling shorts and jerseys are made with moisture-wicking fabrics that help the athletes or riders to keep their body dry and comfortable during hot or strenuous rides. Further some cycling clothes also include UV protection, helping to guard from harmful sun rays.
Cycling is an entertaining activity, sport and mode of transformation. There are nowadays a rising number of issues related to health such as diabetes, high blood pressure and obesity among the adolescents and middle aged people. As per our researchers, around 790 million people are expected to live with diabetes by 2045, which is an increase of close to 50% from the value registered in 2020. As a result, many health experts and trainers suggest regular cycling practices which may reduce health problems. Hence the increase in attention related to health and fitness propels the customers to use more of cycling apparels, which is expected to gear the growth of the market. NIKE Inc, Adidas AG, and Marcello Bergamo are some of the significant parties in the global market for cycling apparel.
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Cycling Apparel Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global cycling apparel market are:
- Growing Count of Cyclists Worldwide: People around the globe are health conscious nowadays. Cycling helps in building muscles and developing stamina. It reduces the danger of many diseases which may create menace like diabetes, heart disease, cancer, obesity and stroke. Therefore, in the present world the number of cycle riders are increasing, which in turn is increasing the cycle clothing demand as it gives more comfort and safety to the riders or athletes. According to our analysts at KD Market Insights, close to 25 million cycles were sold alone in the European Union in the year 2023.
- Rapid Innovation in Fabric Technology: The textile industry has been witnessing a massive shift, especially in the adoption of functional clothing and specialty fabrics that have wider properties than conventional fabrics. The development of moisture-wicking fabrics, breathable materials, as well as aerodynamic designs and UV protection features are some of the ongoing advancements in fabric technology that enhances the overall functionality and comfort of cycling clothing. These features attract the consumers who seek performance benefits in their apparels, helping in turn to contribute to the growth of the cycling apparel market.
Which Probable Factors Could Hamper the Growing Cycling Apparel Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of cycling apparel are:
- Extreme Opposition and Cost Strain: Several retailers, brands and online sellers are providing a variety of products at various prices making the cycling clothing market highly competitive. To remain in the market due to extreme opposition and cost strain it is eroding the profit margins and compelling the manufacturers to engross in cost conflicts or indulge themselves in manufacturing low quality products to compete in the market. This obstructs necessary strategic pricing, differentiation and branding strategies which is required to maintain profitability and market share.
- Seasonal Demand Variations: Due to periodic variations the cycling apparel or cycling clothing market is often facing difficulty. Higher sales during summer season and reduction of sales during winters is hampering the market. Product manufacturers are facing obstruction in managing stock, production schedules with periodic variation thereby leading to stockouts or overstocking of seasonal items.
How is the Global Cycling Apparel Market Segmented?
Our experts at KD Market Insights have segmented the global cycling apparel market as:
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By Product |
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By Type |
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By End User |
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By Region |
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What are the Probable Factors Influencing the Europe Cycling Apparel Market Forecast?
The Europe cycling apparel market is majorly driven by the increasing popularity of cycling tourism and leisure riding in the region. Europe is known to have a strong culture of cycling, both as a form of transportation and for leisure activities. Many European countries actively promote cycling as a sustainable and healthy mode of transportation. Government initiatives, such as the development of cycling infrastructure, bike-sharing programs, and safety campaigns, encourage more people to take up cycling. Recently, the European Cycling Federation published the EU Cycling Strategy and handed it over to the EU Commissioner to include the development of an official EU Cycling Strategy. The European Declaration on Cycling were also adopted in the context of the Urban Mobility Days in Seville, Spain.
As per our analysts at KD Market Insights, the following five players lead the Europe cycling apparel market growth:
- Assos of Switzerland AG
- Rapha Racing Limited
- Castelli Cycling S.r.l
- Morvelo Bicycle Apparel
- Santini Cycling Wear S.r.l
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Key Countries to Watch for in Europe Cycling Apparel Market |
Key Insights |
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United Kingdom Cycling Apparel Market to Register the Largest Regional Market Share in 2032 |
USD 1.8 Billion |
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Netherlands Cycling Apparel Market to Grow with the Highest CAGR During 2024-2032 |
6.2% |
Which Key Players Top the Global Cycling Apparel Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global cycling apparel market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with cycling apparel market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global cycling apparel market share:
- NIKE Inc
- Adidas AG
- Marcello Bergamo
- Castelli Cycling
- JAKROO
- Mysenlan
- CCN Sport
- LUMIERE CYCLING
- GIRO SPORT DESIGN
- Champion System
- Endura Limited
- Isadore Apparel
- 2XU
- ASSOS of Switzerland
- Rapha Racing Limited
What are the Recent Developments Observed in the Cycling Apparel Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global cycling apparel market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, the National Cycling League (NCL) announced that it has chosen Primal, a leading designer and manufacturer of custom and branded cycling apparel and accessories for the upcoming 2024 season.
Further, Jelenew stated that it has launched the cycling and fitness apparel for women at Outdoor Retailer Summer, the leading outdoor sports business event in North America.
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- Publication date: 8th March 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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