PUBLISHER: The Business Research Company | PRODUCT CODE: 1574697
PUBLISHER: The Business Research Company | PRODUCT CODE: 1574697
Cycling apparel consists of specialized clothing and gear designed to enhance comfort, performance, and safety for cyclists. This apparel helps maintain comfort, improve performance, protect against weather conditions and injuries, and offer convenience during rides.
The main product types in cycling apparel include jerseys, shorts, bib shorts, jackets, gloves, tights and pants, arm and leg warmers, base layers, and accessories. Cycling jerseys, for example, are designed with features such as moisture-wicking fabrics, ergonomic fits, and practical elements such as rear pockets. The materials used range from synthetic and natural fabrics to blended and smart textiles. Cycling apparel caters to various cycling types, including road cycling, mountain biking, commuting and urban cycling, touring and bike-packing, and track cycling. Distribution channels for this apparel include online retail, offline retail, specialty stores, multi-brand stores, and sports equipment chains. The end-users of cycling apparel range from professional cyclists to amateur enthusiasts.
The cycling apparel market research report is one of a series of new reports from The Business Research Company that provides cycling apparel market statistics, including cycling apparel industry global market size, regional shares, competitors with a cycling apparel market share, detailed cycling apparel market segments, market trends, and opportunities, and any further data you may need to thrive in the cycling apparel industry. This cycling apparel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cycling apparel market size has grown strongly in recent years. It will grow from $4.73 billion in 2023 to $5.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth during the historic period can be attributed to several factors such as a rise in commuting cyclists, increased sales of bicycles, heightened health-related concerns, greater emphasis on specialized clothing, and the growing popularity of cycling tournaments.
The cycling apparel market size is expected to see strong growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period can be attributed to several factors such as the increasing availability of customization options, rising urbanization, more frequent cycling in small and medium-sized cities, and a growing emphasis on sustainability and ethical production. Key trends expected to drive this growth include advancements in lightweight and breathable materials, technological innovations, improvements in fabric technology, a focus on sustainability and eco-friendly materials, and enhanced customization and personalization options.
The growing popularity of cycling is expected to drive the expansion of the cycling apparel market. Cycling, which involves using bicycles for transportation, recreation, exercise, or sport, is gaining traction due to its health benefits, convenience for urban travel, cultural shifts, and investments in cycling infrastructure. Cycling apparel enhances the riding experience by improving performance, comfort, and safety. For example, in August 2023, RunRepeat, a Denmark-based company specializing in running shoes, reported that over 51 million people in the US cycle annually, with a total of 1 billion bicycles in use globally. This rising popularity of cycling is propelling growth in the cycling apparel market.
Leading companies in the cycling apparel market are focusing on developing sustainable products to reduce environmental impact, meet consumer demand for eco-friendly items, and contribute to a more sustainable future. Sustainable cycling apparel is designed to minimize environmental impact while offering performance, comfort, and durability. For instance, in April 2022, Trek Bicycle, a US-based manufacturer of bicycles and cycling equipment, introduced its first line of cycling apparel made from sustainably sourced materials. This new line includes cycling jerseys, shorts, and socks made with recycled materials, such as fabric fibers from recycled plastic bottles and pre-consumer textile waste. This commitment to sustainability aligns with current consumer preferences and industry trends in the cycling apparel market.
In March 2022, Carlyle Group Inc., a US-based private equity firm, acquired Dainese for an undisclosed amount. This acquisition is part of Carlyle's strategy to expand its international presence, focusing on markets in the USA and China, and enhancing Dainese's direct-to-consumer reach. Dainese, an Italy-based company, manufactures cycling apparel.
Major companies operating in the cycling apparel market are Endura Products Inc., ASSOS of Switzerland GmbH, Capo Industries Ltd., Sugoi Performance Apparel, De Marchi, Craft Sportswear, Voler Inc., Santini Maglificio Sportivo S.R.L., Le Col Limited, Gore Wear, Pearl Izumi, Rapha, Castelli Cycling, Epic Sports Inc., Primal Wear Inc., 7mesh IndustriesInc., Velocio LLC, Isadora, Attaquer, Morvelo, Black Sheep Cycling, Freedom Cycle Co., La Passione, Hincapie Sportswear Inc.
North America was the largest region in the cycling apparel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cycling apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cycling apparel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cycling apparel market consists of sales of helmets, shoes, socks, arm warmers and eyewear. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cycling Apparel Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cycling apparel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cycling apparel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cycling apparel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.