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The Cycling Apparel Market size was estimated at USD 8.30 billion in 2023, USD 9.93 billion in 2024, and is expected to grow at a CAGR of 20.49% to reach USD 30.63 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
Cycling apparel refers to clothing and accessories designed for cycling activities, emphasizing comfort and efficiency to enhance the overall cycling experience through improved aerodynamics, moisture management, and muscle support. The increasing health consciousness and environmental awareness among consumers made cycling a fitness activity and eco-friendly mode of transport, propelling demand for cycling-specific apparel. In addition, growing investments in high-profile cycling events inspire a new cohort of cycling enthusiasts, creating a surge in demand for cycling apparel. However, the presence of counterfeit cycling apparel and fluctuations in the costs of raw materials used to manufacture cycling apparel limit the usage and adoption of premium cycling apparel. Nevertheless, innovations in fabric technology and garment design, such as sweat-wicking materials and ergonomic fitting, have improved the performance of cycling apparel, attracting a broader consumer base. In addition, the development of cycling lanes and trails in urban regions has made cycling safer and more accessible, further improving the adoption of cycling apparel among consumers worldwide.
Regional Insights
The cycling apparel market in the Americas reflects a strong culture of health awareness and an active lifestyle. The region exhibits a marked preference for high-performance and innovative products. Recent investments in cycling infrastructure and government initiatives promoting eco-friendly transportation have also stimulated the demand for cycling apparel in the Americas. European Union (EU) countries boast a rich tradition of cycling as a sport and a mode of daily commute. The region's diverse climate conditions drive consumer needs in the EMEA region, compelling manufacturers to offer various products suitable for various weather patterns. Sustainability is a key purchasing factor within the EU, with customers growing inclined towards eco-friendly and ethical apparel choices. The market for cycling apparel in the Middle East and Africa is emerging, driven by increasing health consciousness and the rising popularity of cycling as a leisure activity. The cycling apparel market in the Asia Pacific region is rapidly evolving due to the vast population and government policies favoring cycling. An increasing number of consumers seeking functional and fashionable cycling apparel is expected to create growth opportunities for the cycling apparel market in the coming years.Demographics: Wide availability of high-performance cycling apparel for male demographics
Female cyclists have preferred cycling apparel that offers both functionality and style. Essential features such as high-quality chamois, breathability, and appropriate fit are highly sought after by female riders, while aesthetics also play a role in the purchasing decision. The cycling apparel for kids focuses on safe, durable, and comfy clothing that can withstand the rigors of active play. Children's cycling gear must prioritize safety features such as visibility elements and be easy to wear and remove. The male cyclist demographic favors high-performance cycling apparel emphasizing technical features. Men's cycling apparel offers superior aerodynamics, sweat-wicking properties, and comfort over long distances. Most male cyclists also appreciate apparel with a sleek, professional appearance that reflects competitive cycling attire.Product: Availability of novel designs and materials in top wear used during cycling
Accessories in cycling apparel encompass a wide range of products designed to enhance convenience, performance, and safety for cyclists. This category includes cycling caps, socks, arm and leg warmers, shoe covers, and glasses. The need for these products often arises from seeking comfort in various weather conditions, improved aerodynamics, and protection from UV rays or debris. Cyclists look for bottom wear with ergonomic design, padding for comfort, and materials that provide compression yet allow for freedom of movement. Bib shorts are padded cycling shorts with suspenders that offer a more consistent fit, staying in place better than traditional cycling shorts and reducing pressure on the waist. Cycling tights are made with thermal fabrics for insulation and may incorporate weather-resistant materials for protection against rain and wind. Gloves are essential for cyclists, providing grip, added comfort through padding, and protection from the elements. Gloves are in fingerless styles for warmer weather and full-finger designs for cold conditions. Cyclists select top wear based on comfort, aerodynamics, and how well it responds to the demands of the cycling environment. Bodywarmers, also known as gilets, are sleeveless vests that offer core warmth while allowing for a full range of motion in the arms. Cycling jackets are designed for adverse weather conditions, protecting against wind, rain, and cold. The cycling jersey is a staple in any rider's wardrobe, featuring moisture-wicking materials, a snug fit to reduce drag, pockets for storage, and UV protection. Cycling t-shirts are a more casual option designed for comfort and style off the bike and can also be used for leisurely rides.Distribution: Growing consumer preference for online channels due to convenience and cost-efficiency
Consumers who prefer shopping offline for cycling apparel are typically driven by the need to try on and feel the quality of the products before purchase. Offline channels may include bicycle shops, sports goods, and department stores. Offline channels appeal mainly to those who value immediate ownership, personal service, and professional fitting advice. Offline retail stores have trained staff that offer customized recommendations and aid in immediate problem-solving, which is critical for adequately selecting performance-based cycling gear. The online distribution channel suits customers who value convenience and a broader selection. The online channel allows consumers to compare prices and products quickly across different platforms. With detailed size charts, customer reviews, and easy return policies, even performance-focused apparel is increasingly being purchased online. The online channel is also a preference for those looking for direct-to-consumer (DTC) brands or hunting for better deals and exclusive online promotions. Offline shoppers seek tactile experiences and personal service, which leads to customer loyalty to local shops or specific sports chains. In contrast, online shoppers prioritize breadth of choice, competitive pricing, and the comfort of house delivery.Market Dynamics
The market dynamics represent an ever-changing landscape of the Cycling Apparel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.Market Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Cycling Apparel Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Cycling Apparel Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cycling Apparel Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the Cycling Apparel Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the Cycling Apparel Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Cycling Apparel Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Cycling Apparel Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Cycling Apparel Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the Cycling Apparel Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the Cycling Apparel Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cycling Apparel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Cycling Apparel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
MVC Group Acquires 70% of Zoot, Strengthening Position in Triathlon Market and U.S. Presence
MVC Group, known for its cycling and outdoor clothing offerings under esteemed brands such as Castelli, Karpos, and Sportful, has acquired a 70% stake in Zoot, a U.S. triathlon clothing and accessories provider. The acquisition is expected to enhance MVC’s position in the lucrative triathlon market, tapping into Zoot’s robust direct-to-consumer (DTC) sales, contributing around 70% of its turnover with high operating margins.New Cycling Clothing Brand Cyclique Launches
Cyclique, an emergent player in the cycling apparel market, swiftly made a name for itself by focusing on individuality and sustainability. Cyclique caters to cyclists' diverse needs, offering custom-made and off-the-rack collection options. The company aims to provide eco-friendly options, prioritizing durability, comfort, and style in the cycling apparel domain.Trek Bicycle Launches its First Cycling Apparel Line that Contains More Sustainably Sourced Materials
Trek Bicycle unveiled its innovative spring/summer cycling apparel collection, combining professional-grade quality with sustainability. The launch introduces jerseys, shorts, and socks crafted from recycled materials, including fibers made from reclaimed plastic bottles and textile waste, marking a pivotal step towards the brand's commitment to ecological responsibility.Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cycling Apparel Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.Key Company Profiles
The report delves into recent significant developments in the Cycling Apparel Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty. Ltd., Adidas AG, Assos of Switzerland GmbH, Black Sheep Cycling, Campagnolo S.r.l., Capo Cycling, Champion System, Endura Limited, Isadore apparel, Louis Garneau Sports, Manifattura Valcismon S.p.A., Marcello Bergamo, MERIDA & CENTURION Germany GmbH, Nike, Inc., Ornot, PEARL iZUMi USA, Inc., Rapha Racing Limited, Rider Sportsfashion LLC, SANTINI s.p.a., Shimano Inc., Specialized Bicycle Components, Inc., Trek Bicycle Corporation, United Apparel Solution Ltd., Velocio International, Vista Outdoor Inc., and W. L. Gore & Associates GmbH.Market Segmentation & Coverage
This research report categorizes the Cycling Apparel Market to forecast the revenues and analyze trends in each of the following sub-markets:- Demographics
- Female
- Kids
- Male
- Product
- Accessories
- Bottom Wear
- Bib Shorts
- Tights & Pants
- Gloves
- Top Wear
- Bodywarmers
- Jackets
- Jersey
- T-shirts
- Distribution
- Offline
- Online
- 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
This research report offers invaluable insights into various crucial aspects of the Cycling Apparel Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Cycling Apparel Market, by Demographics
7. Cycling Apparel Market, by Product
8. Cycling Apparel Market, by Distribution
9. Americas Cycling Apparel Market
10. Asia-Pacific Cycling Apparel Market
11. Europe, Middle East & Africa Cycling Apparel Market
12. Competitive Landscape
13. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 2XU Pty. Ltd.
- Adidas AG
- Assos of Switzerland GmbH
- Black Sheep Cycling
- Campagnolo S.r.l.
- Capo Cycling
- Champion System
- Endura Limited
- Isadore apparel
- Louis Garneau Sports
- Manifattura Valcismon S.p.A.
- Marcello Bergamo
- MERIDA & CENTURION Germany GmbH
- Nike, Inc.
- Ornot
- PEARL iZUMi USA, Inc.
- Rapha Racing Limited
- Rider Sportsfashion LLC
- SANTINI s.p.a.
- Shimano Inc.
- Specialized Bicycle Components, Inc.
- Trek Bicycle Corporation
- United Apparel Solution Ltd.
- Velocio International
- Vista Outdoor Inc.
- W. L. Gore & Associates GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 9.93 Billion |
| Forecasted Market Value ( USD | $ 30.63 Billion |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
