Cycling Wear Market by Product Type, Distribution Channel, End-User

List of Tables

The Cycling Wear Market was valued at USD 4.36 billion in 2023, expected to reach USD 4.60 billion in 2024, and is projected to grow at a CAGR of 5.95%, to USD 6.54 billion by 2030.

The cycling wear market encompasses apparel specifically designed to enhance performance and comfort for cyclists, ranging from casual riders to professional athletes. This includes jerseys, bib shorts, tights, gloves, and protective gear that incorporate materials optimizing aerodynamics, moisture-wicking, and temperature regulation. The necessity for cycling wear is driven by increased global cycling participation, awareness around fitness, and a growing emphasis on sustainable transport options. Its applications extend from road racing and mountain biking to leisure riding and urban commuting, with end-users spanning amateur cyclists, professional teams, and recreational hobbyists. Market growth is heavily influenced by advances in fabric technologies, such as smart textiles and eco-friendly materials, along with the rising trend in health consciousness. Emerging opportunities lie in tailoring products to diverse demographics, integrating wearable tech for enhanced performance tracking, and tapping into emerging markets in Asia-Pacific and Latin America, where cycling is gaining traction. Recommendations include leveraging collaborations with athletes for brand visibility and adopting digital platforms for personalized shopping experiences. Limitations include high competition and price sensitivity in the market, as well as potential supply chain disruptions due to global uncertainties. Additional challenges are regulatory standards for protective gear and material innovation to balance performance with sustainability. To fuel innovation, businesses should invest in R&D for multifunctional fabrics, water-repellent yet breathable materials, and ergonomically designed wear to compete in the premium segment. Additionally, exploring recycling initiatives for old gear can align with the market's increasing eco-consciousness. The nature of the cycling wear market is highly dynamic, shaped by fashion trends, technological progression, and consumer lifestyle shifts, necessitating adaptive strategies for long-term business growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.36 billion
Estimated Year [2024]	USD 4.60 billion
Forecast Year [2030]	USD 6.54 billion
CAGR (%)	5.95%

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

The Cycling Wear 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
- Increasing participation in outdoor sports activities worldwide
- Rising adoption of eco-friendly modes of transportation
- Availability of government initiatives to increase participation in fitness activities
Market Restraints
- High cost of manufacturing cycling wear products
Market Opportunities
- Continuous advancements in the development of eco-friendly materials for manufacturing sustainable cycling wear
- Rising inclination toward smart cycling wear
Market Challenges
- Limited awareness about specialized cycling clothing and design complexities

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

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Cycling Wear 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 Wear Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Cycling Wear 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 Wear Market

A detailed market share analysis in the Cycling Wear 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 Wear Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Cycling Wear 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 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, Bohangsports, Cafe du Cycliste, Capo Cycling Apparel, Champion System, Chrome Industries, Inc., DHB Sport, DUER, Endura Limited by Pentland Brands Limited, GIRO SPORT DESIGN by Vista Outdoor Inc., Hangzhou Lameda Sports Co., Ltd., Isadore Apparel, JRD Cycling, La Fonte Pads SRL, La Passione Srl, Le Col, Louis Garneau, Lusso Bike, MAAP Co Pty Ltd., Madison Clothing by H Young (Operations) Ltd., Maloja Clothing USA Inc., Manifattura Valcismon S.p.A., Marcello Bergamo Australia, Mission Workshop, LLC., Moment CC, Monton Sports, NIKE, Inc., Oakley, Inc., Ornot Bike, Osloh Bicycle Jeans, Pas Normal Studios ApS, Pearl izumi by United Sports Brands, POC Sweden AB, Proviz Sports, Puma SE, Rapha Racing Limited, Runtowell, SANTINI S.P.A., Shimano Inc., Sigr AB, Specialized Bicycle Components, Inc., SRAM LLC, The Pedla, Triple2 Sportswear GmbH, Vaela Limited, and W. L. Gore & Associates, Inc..

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:

Based on Product Type, market is studied across Clothing, Eyewear, Footwear, Hand Gloves, Head Gear, and Knee & Elbow Pads.
Based on Distribution Channel, market is studied across Offline Stores and Online Stores. The Offline Stores is further studied across Hypermarkets, Retail Stores, and Specialty Stores.
Based on End-User, market is studied across Professional Cyclist and Recreational Cyclist.
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-4348D129F9AF

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. Increasing participation in outdoor sports activities worldwide
  - 5.1.1.2. Rising adoption of eco-friendly modes of transportation
  - 5.1.1.3. Availability of government initiatives to increase participation in fitness activities
- 5.1.2. Restraints
  - 5.1.2.1. High cost of manufacturing cycling wear products
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous advancements in the development of eco-friendly materials for manufacturing sustainable cycling wear
  - 5.1.3.2. Rising inclination toward smart cycling wear
- 5.1.4. Challenges
  - 5.1.4.1. Limited awareness about specialized cycling clothing and design complexities
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Rising R&D activities to introduce advanced types of cycling apparel
- 5.2.2. Distribution Channel: Increasing availability of various range of cycling wear through online platforms
- 5.2.3. End-User: Expanding preference of high-quality cycling wear by professional cyclists
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

6. Cycling Wear Market, by Product Type

6.1. Introduction
6.2. Clothing
6.3. Eyewear
6.4. Footwear
6.5. Hand Gloves
6.6. Head Gear
6.7. Knee & Elbow Pads

7. Cycling Wear Market, by Distribution Channel

7.1. Introduction
7.2. Offline Stores
- 7.2.1. Hypermarkets
- 7.2.2. Retail Stores
- 7.2.3. Specialty Stores
7.3. Online Stores

8. Cycling Wear Market, by End-User

8.1. Introduction
8.2. Professional Cyclist
8.3. Recreational Cyclist

9. Americas Cycling Wear Market

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

10. Asia-Pacific Cycling Wear 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 Wear 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. PEARL iZUMi and Nathan Owner, United Sports Brands, Acquired by Norwest Equity Partners
- 12.3.2. MVC Group Acquires Majority Stake in Triathlon Gear Company Zoot
- 12.3.3. Pas Normal Studios Extends its Global Footprint by Opening Singapore and Munich Flagship Stores
- 12.3.4. Mips Makes USD 7.3 Million Investment Into Quin
- 12.3.5. Mission Workshop Flow Collection Blends Style with Performance
- 12.3.6. KOROYD Partners with French Cycling Brand, Ekoi
- 12.3.7. Aleck and SMITH Announce Strategic Partnership to Integrate Crash Sensor Technology into Bike Helmets for 2024
- 12.3.8. Patta and Rapha's Sports Collaboration Inspires the Next Generation of Cyclists
- 12.3.9. Rapha and Paul Smith Collaboratively Launch a New Collection Inspired by '60s Jersey Design
- 12.3.10. Cafe Du Cycliste X Look Cycle Collaboration Celebrates French Style And Performance

Companies Mentioned

1. 2XU Pty Ltd.
2. 7mesh Industries Inc.
3. Adidas AG
4. ASSOS of Switzerland GmbH
5. Black Sheep Cycling
6. Bohangsports
7. Cafe du Cycliste
8. Capo Cycling Apparel
9. Champion System
10. Chrome Industries, Inc.
11. DHB Sport
12. DUER
13. Endura Limited by Pentland Brands Limited
14. GIRO SPORT DESIGN by Vista Outdoor Inc.
15. Hangzhou Lameda Sports Co., Ltd.
16. Isadore Apparel
17. JRD Cycling
18. La Fonte Pads SRL
19. La Passione Srl
20. Le Col
21. Louis Garneau
22. Lusso Bike
23. MAAP Co Pty Ltd.
24. Madison Clothing by H Young (Operations) Ltd.
25. Maloja Clothing USA Inc.
26. Manifattura Valcismon S.p.A.
27. Marcello Bergamo Australia
28. Mission Workshop, LLC.
29. Moment CC
30. Monton Sports
31. NIKE, Inc.
32. Oakley, Inc.
33. Ornot Bike
34. Osloh Bicycle Jeans
35. Pas Normal Studios ApS
36. Pearl izumi by United Sports Brands
37. POC Sweden AB
38. Proviz Sports
39. Puma SE
40. Rapha Racing Limited
41. Runtowell
42. SANTINI S.P.A.
43. Shimano Inc.
44. Sigr AB
45. Specialized Bicycle Components, Inc.
46. SRAM LLC
47. The Pedla
48. Triple2 Sportswear GmbH
49. Vaela Limited
50. W. L. Gore & Associates, Inc.