Cycling Apparel Market by Demographics, Product, Distribution

List of Tables

The Cycling Apparel Market was valued at USD 8.30 billion in 2023, expected to reach USD 9.93 billion in 2024, and is projected to grow at a CAGR of 20.49%, to USD 30.63 billion by 2030.

The cycling apparel market is defined by its range of products designed for the comfort and performance of cyclists, including jerseys, shorts, gloves, and outerwear. The necessity of these products lies in their ability to enhance cyclist performance by offering features like moisture-wicking, aerodynamic design, and UV protection. These garments are crucial for both recreational and professional cyclists, catering to end-use needs from road cycling and mountain biking to indoor spinning and commuting. The market is primarily driven by the growing adoption of cycling as a leisure activity and sport, growing environmental concerns, and increasing health and fitness awareness, encouraging more individuals to use bicycles as an eco-friendly and healthy transportation option. A surge in cycling events and the popularity of e-bikes further fuel the demand for specialized attire, creating opportunities for innovative, smart clothing that integrates wearable technology for tracking and performance analysis.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.30 billion
Estimated Year [2024]	USD 9.93 billion
Forecast Year [2030]	USD 30.63 billion
CAGR (%)	20.49%

Key growth opportunities exist in the development of sustainable materials and production processes, leveraging the rising consumer preference for eco-friendly products. Innovative designs including aerodynamic and all-weather apparel can provide a competitive edge. However, market growth is challenged by the high cost of advanced cycling apparel, which may deter price-sensitive consumers, and the presence of counterfeit products impacting brand reputation and consumer trust. Companies should focus on strengthening online sales channels and enhancing digital marketing strategies to reach wider audiences. Collaborations with sports personalities and influencers can effectively boost brand visibility. Moreover, expanding product lines to cater to female cyclists and diverse weather conditions can capture untapped segments. The market is competitive, with ongoing innovations driving differentiation. Research should emphasize smart textiles integrating health monitoring and connectivity features, coupled with exploring opportunities in emerging economies where cycling's popularity is burgeoning. Overall, continuous innovation and strategic marketing positioning are key for capturing growth in this dynamic market.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Cycling Apparel Market

The Cycling Apparel Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing Urbanization Accompanied By Dual-Earning Households and Significant Growth in Sports Apparel Industry
- Increasing Popularity of Electric Bicycles
- Efforts to Improve Cycling as a Health-Promoting Activity
Market Restraints
- Availability of Low Cost Substitutes of Branded Products
Market Opportunities
- Growing Product Innovations and Advertising Campaigns by the Manufacturers
- Rising Development of Third-Party and Social Media Influencing Online Sales Channels and Modern Trade Channels
Market Challenges
- Concerns Regarding Expensive Raw Materials Increasing the Cost of Cycle Apparels
- Poor Quality of Goods Manufactured by Local Manufacturers due to Absence of Government Regulations and Trademark Infringement

Porter's Five Forces: A Strategic Tool for Navigating the Cycling Apparel Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Cycling Apparel Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Cycling Apparel Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Cycling Apparel Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Cycling Apparel Market

A detailed market share analysis in the Cycling Apparel Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Cycling Apparel Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Cycling Apparel Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Cycling Apparel Market, highlighting leading vendors and their innovative profiles. These include SANTINI s.p.a., Endura Limited, Ornot, Rider Sportsfashion LLC, Shimano Inc., Specialized Bicycle Components, Inc., Campagnolo S.r.l., Vista Outdoor Inc., Black Sheep Cycling, United Apparel Solution Ltd., Manifattura Valcismon S.p.A., Rapha Racing Limited, Champion System, MERIDA & CENTURION Germany GmbH, Adidas AG, 2XU Pty. Ltd., W. L. Gore & Associates GmbH, Isadore apparel, Assos of Switzerland GmbH, Nike, Inc., Trek Bicycle Corporation, Louis Garneau Sports, Capo Cycling, Velocio International, PEARL iZUMi USA, Inc., and Marcello Bergamo.

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:

Based on Demographics, market is studied across Female, Kids, and Male.
Based on Product, market is studied across Accessories, Bottom Wear, Gloves, and Top Wear. The Bottom Wear is further studied across Bib Shorts and Tights & Pants. The Top Wear is further studied across Bodywarmers, Jackets, Jersey, and T-shirts.
Based on Distribution, market is studied across Offline and Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-4312A385A22A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Urbanization Accompanied By Dual-Earning Households and Significant Growth in Sports Apparel Industry
  - 5.1.1.2. Increasing Popularity of Electric Bicycles
  - 5.1.1.3. Efforts to Improve Cycling as a Health-Promoting Activity
- 5.1.2. Restraints
  - 5.1.2.1. Availability of Low Cost Substitutes of Branded Products
- 5.1.3. Opportunities
  - 5.1.3.1. Growing Product Innovations and Advertising Campaigns by the Manufacturers
  - 5.1.3.2. Rising Development of Third-Party and Social Media Influencing Online Sales Channels and Modern Trade Channels
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Regarding Expensive Raw Materials Increasing the Cost of Cycle Apparels
  - 5.1.4.2. Poor Quality of Goods Manufactured by Local Manufacturers due to Absence of Government Regulations and Trademark Infringement
5.2. Market Segmentation Analysis
- 5.2.1. Demographics: Wide availability of high-performance cycling apparel for male demographics
- 5.2.2. Product: Availability of novel designs and materials in top wear used during cycling
- 5.2.3. Distribution: Growing consumer preference for online channels due to convenience and cost-efficiency
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental
5.5. Client Customization
- 5.5.1. Value Chain Analysis
- 5.5.2. Distribution Channel
  - 5.5.2.1. Sports Variety Stores
  - 5.5.2.2. Franchised Stores
  - 5.5.2.3. Sports Retail Chains
  - 5.5.2.4. Trade Channels
  - 5.5.2.5. Direct-to-Customer Channel
  - 5.5.2.6. Third Party Online Channel

6. Cycling Apparel Market, by Demographics

6.1. Introduction
6.2. Female
6.3. Kids
6.4. Male

7. Cycling Apparel Market, by Product

7.1. Introduction
7.2. Accessories
7.3. Bottom Wear
- 7.3.1. Bib Shorts
- 7.3.2. Tights & Pants
7.4. Gloves
7.5. Top Wear
- 7.5.1. Bodywarmers
- 7.5.2. Jackets
- 7.5.3. Jersey
- 7.5.4. T-shirts

8. Cycling Apparel Market, by Distribution

8.1. Introduction
8.2. Offline
8.3. Online

9. Americas Cycling Apparel Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cycling Apparel Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cycling Apparel Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. MVC Group Acquires 70% of Zoot, Strengthening Position in Triathlon Market and U.S. Presence
- 12.3.2. New Cycling Clothing Brand Cyclique Launches
- 12.3.3. Trek Bicycle Launches its First Cycling Apparel Line that Contains More Sustainably Sourced Materials

Companies Mentioned

1. SANTINI s.p.a.
2. Endura Limited
3. Ornot
4. Rider Sportsfashion LLC
5. Shimano Inc.
6. Specialized Bicycle Components, Inc.
7. Campagnolo S.r.l.
8. Vista Outdoor Inc.
9. Black Sheep Cycling
10. United Apparel Solution Ltd.
11. Manifattura Valcismon S.p.A.
12. Rapha Racing Limited
13. Champion System
14. MERIDA & CENTURION Germany GmbH
15. Adidas AG
16. 2XU Pty. Ltd.
17. W. L. Gore & Associates GmbH
18. Isadore apparel
19. Assos of Switzerland GmbH
20. Nike, Inc.
21. Trek Bicycle Corporation
22. Louis Garneau Sports
23. Capo Cycling
24. Velocio International
25. PEARL iZUMi USA, Inc.
26. Marcello Bergamo