Global Cycling Wear Market Size Study, by Product (Cycle Wear Apparel, Cycle Wear Accessories), Distribution Channel (Hypermarket and Supermarket, Sports Variety Stores, E-Commerce, Others), and Regional Forecasts 2022-2032

Description

The Global Cycling Wear Market, valued at approximately USD 5.57 billion in 2023, is poised for remarkable growth, with a projected CAGR of 8.50% over the forecast period 2024-2032. With cycling emerging as a popular mode of recreation, fitness, and transportation, the demand for advanced cycling wear is witnessing a surge globally. The market's progression is largely attributed to the increasing preference for functional and performance-driven apparel and accessories, catering to both professional cyclists and enthusiasts.

The market's trajectory is being shaped by technological advancements in fabric innovation, offering attributes such as enhanced moisture-wicking, durability, and aerodynamic designs. Cycle wear apparel, including jerseys, shorts, and gloves, is gaining momentum for its ability to enhance comfort and reduce drag. Simultaneously, accessories such as helmets, eyewear, and shoe covers are becoming essential for ensuring safety and performance optimization. The e-commerce boom has further facilitated consumer access to a diverse range of cycling wear, with customization options driving consumer engagement.

While high costs and limited adoption in developing regions pose challenges, market players are mitigating these through cost-effective innovations and promotional campaigns. The integration of eco-friendly materials and sustainable manufacturing practices aligns with the growing consumer emphasis on environmental responsibility. This trend not only supports market expansion but also reinforces brand loyalty among environmentally conscious consumers.

Regionally, Europe dominates the cycling wear market, supported by a robust cycling culture and government initiatives promoting eco-friendly transportation. North America, with its increasing focus on health and fitness, holds a substantial share, while the Asia Pacific region emerges as a promising market, driven by urbanization, rising disposable incomes, and government support for fitness initiatives. Latin America and the Middle East & Africa, though nascent markets, exhibit untapped growth potential with increasing awareness and infrastructure development.

Major market players included in this report are:

Castelli Cycling
Rapha Racing Limited
Shimano Inc.
Pearl Izumi
Adidas AG
Assos of Switzerland GmbH
Bontrager (Trek Bicycle Corporation)
POC Sports
Specialized Bicycle Components, Inc.
Giant Manufacturing Co. Ltd.
Endura Ltd.
Louis Garneau Sports
Santini Maglificio Sportivo
Gore Wear (W.L. Gore & Associates)
Decathlon S.A.

The detailed segments and sub-segment of the market are explained below:

By Product:

Cycle Wear Apparel
Cycle Wear Accessories

By Distribution Channel:

Hypermarket and Supermarket
Sports Variety Stores
E-Commerce
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market estimates and forecasts spanning a decade (2022-2032).
Comprehensive segmentation analysis covering product types and distribution channels.
Regional and country-level insights highlighting growth opportunities.
Profiles of leading market players and analysis of competitive strategies.
Insights into emerging trends, consumer preferences, and market dynamics.

Chapter 1. Global Cycling Wear Market Executive Summary

1.1. Global Cycling Wear Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
  - 1.3.1.1. Cycle Wear Apparel
  - 1.3.1.2. Cycle Wear Accessories
- 1.3.2. By Distribution Channel
  - 1.3.2.1. Hypermarket and Supermarket
  - 1.3.2.2. Sports Variety Stores
  - 1.3.2.3. E-Commerce
  - 1.3.2.4. Others
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Cycling Wear Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Cycling Wear Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Cycling Popularity
- 3.1.2. Technological Advancements in Materials
- 3.1.3. Increasing Health and Fitness Awareness
3.2. Market Challenges
- 3.2.1. High Cost of Premium Products
- 3.2.2. Limited Adoption in Developing Regions
3.3. Market Opportunities
- 3.3.1. Growth in E-Commerce Channels
- 3.3.2. Rising Demand for Sustainable Products
- 3.3.3. Expansion in Emerging Markets

Chapter 4. Global Cycling Wear Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Cycling Wear Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Cycling Wear Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Cycle Wear Apparel
- 5.2.2. Cycle Wear Accessories

Chapter 6. Global Cycling Wear Market Size & Forecasts by Distribution Channel 2022-2032

6.1. Segment Dashboard
6.2. Global Cycling Wear Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Hypermarket and Supermarket
- 6.2.2. Sports Variety Stores
- 6.2.3. E-Commerce
- 6.2.4. Others

Chapter 7. Global Cycling Wear Market Size & Forecasts by Region 2022-2032

7.1. North America Cycling Wear Market
- 7.1.1. U.S. Cycling Wear Market
  - 7.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Distribution Channel Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Cycling Wear Market
7.2. Europe Cycling Wear Market
- 7.2.1. UK Cycling Wear Market
- 7.2.2. Germany Cycling Wear Market
- 7.2.3. France Cycling Wear Market
- 7.2.4. Spain Cycling Wear Market
- 7.2.5. Italy Cycling Wear Market
- 7.2.6. Rest of Europe Cycling Wear Market
7.3. Asia-Pacific Cycling Wear Market
- 7.3.1. China Cycling Wear Market
- 7.3.2. India Cycling Wear Market
- 7.3.3. Japan Cycling Wear Market
- 7.3.4. Australia Cycling Wear Market
- 7.3.5. South Korea Cycling Wear Market
- 7.3.6. Rest of Asia Pacific Cycling Wear Market
7.4. Latin America Cycling Wear Market
- 7.4.1. Brazil Cycling Wear Market
- 7.4.2. Mexico Cycling Wear Market
- 7.4.3. Rest of Latin America Cycling Wear Market
7.5. Middle East & Africa Cycling Wear Market
- 7.5.1. Saudi Arabia Cycling Wear Market
- 7.5.2. South Africa Cycling Wear Market
- 7.5.3. Rest of Middle East & Africa Cycling Wear Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Castelli Cycling
- 8.1.2. Rapha Racing Limited
- 8.1.3. Shimano Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Castelli Cycling
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Rapha Racing Limited
- 8.3.3. Shimano Inc.
- 8.3.4. Pearl Izumi
- 8.3.5. Adidas AG
- 8.3.6. Assos of Switzerland GmbH
- 8.3.7. Bontrager (Trek Bicycle Corporation)
- 8.3.8. POC Sports
- 8.3.9. Specialized Bicycle Components, Inc.
- 8.3.10. Giant Manufacturing Co. Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes