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The Cycling Wear Market size was estimated at USD 4.36 billion in 2023, USD 4.60 billion in 2024, and is expected to grow at a CAGR of 5.95% to reach USD 6.54 billion by 2030.The cycling wear includes a wide range of products designed specifically for cyclists, which include apparel, footwear, protective gear, and accessories. Increased health awareness among individuals regarding the health benefits of outdoor sports activities such as cycling is elevating the usage of various cycling wear. The growing popularity of eco-friendly modes of transportation has bolstered the demand for bicycles and corresponding accessories, expanding the scope for cycling wear. In addition, the ongoing government initiatives worldwide aimed at promoting fitness activities are propelling the demand for cycling wear. High manufacturing costs associated with producing high-quality products and limited awareness about specialized cycling clothing hampers the growth of the market. The ongoing development of smart clothing products that incorporate electronic sensors for monitoring vital signs, tracking performance metrics, or offering navigational guidance is expected to create lucrative opportunities for market growth. Speak directly to the analyst to clarify any post sales queries you may have.
Regional Insights
The growing implementation of government initiatives to support and promote sports and outdoor activities across the U.S. and Canada boosts the market growth in the Americas. According to the U.S. Bureau of Labor Statistics, in 2021, 96% of Americans spent time on sports and leisure activities. In February 2023, the Government of Canada provided USD 450,000 in funding for Cycling Canada to eliminate barriers and increase participation in recreational sports for underrepresented groups. Progressing product launching activities and the presence of key players in the region are significant factors driving the usage of cycling wear. Rising investments that encourage outdoor sports activities to increase the number of athletes across the European region with favorable governmental initiatives positively influence the demand for cycling wear in the EMEA. The rapid expansion of eCommerce platforms in the Asia-Pacific, Europe, and the Americas creates a potential platform for the growth of the cycling wear market.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Cycling Wear Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cycling Wear Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Cycling Wear Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty Ltd., 7mesh Industries Inc, Adidas AG, ASSOS of Switzerland GmbH, Black Sheep Cycling, Cafe du Cycliste, Capo Cycling Apparel, Castelli by Manifattura Valcismon S.p.A., Champion System, CyTech Group, Endura Limited by Pentland Brands Limited, GIRO SPORT DESIGN by Vista Outdoor Inc., Isadore Apparel, La Fonte Pads Srl, Le Col, Louis Garneau Sports, Lusso CC Limited, MAAP Co Pty Ltd., Marcello Bergamo, Moment CC, Nike, Inc., Ornot, Pas Normal Studios ApS, Pearl izumi by United Sports Brands, POC Sweden AB, Rapha Racing Limited, SANTINI S.P.A., Specialized Bicycle Components, Inc., The Pedla, Velocio by SRAM LLC, and W. L. Gore & Associates GmbH.Market Segmentation & Coverage
This research report categorizes the Cycling Wear Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product Type
- Clothing
- Eyewear
- Footwear
- Hand Gloves
- Head Gear
- Knee & Elbow Pads
- Distribution Channel
- Offline Stores
- Hypermarkets
- Retail Stores
- Specialty Stores
- Online Stores
- Offline Stores
- End-User
- Professional Cyclist
- Recreational Cyclist
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Cycling Wear Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cycling Wear Market?
- What are the technology trends and regulatory frameworks in the Cycling Wear Market?
- What is the market share of the leading vendors in the Cycling Wear Market?
- Which modes and strategic moves are suitable for entering the Cycling Wear Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Cycling Wear Market, by Product Type
7. Cycling Wear Market, by Distribution Channel
8. Cycling Wear Market, by End-User
9. Americas Cycling Wear Market
10. Asia-Pacific Cycling Wear Market
11. Europe, Middle East & Africa Cycling Wear Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- 2XU Pty Ltd.
- 7mesh Industries Inc
- Adidas AG
- ASSOS of Switzerland GmbH
- Black Sheep Cycling
- Cafe du Cycliste
- Capo Cycling Apparel
- Castelli by Manifattura Valcismon S.p.A.
- Champion System
- CyTech Group
- Endura Limited by Pentland Brands Limited
- GIRO SPORT DESIGN by Vista Outdoor Inc.
- Isadore Apparel
- La Fonte Pads Srl
- Le Col
- Louis Garneau Sports
- Lusso CC Limited
- MAAP Co Pty Ltd.
- Marcello Bergamo
- Moment CC
- Nike, Inc.
- Ornot
- Pas Normal Studios ApS
- Pearl izumi by United Sports Brands
- POC Sweden AB
- Rapha Racing Limited
- SANTINI S.P.A.
- Specialized Bicycle Components, Inc.
- The Pedla
- Velocio by SRAM LLC
- W. L. Gore & Associates GmbH.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 196 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.6 Billion |
| Forecasted Market Value ( USD | $ 6.54 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
