by The global Cycling Wear Market is estimated to be valued at US$ 4889.04 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cycling wear products consist of cycling jerseys, jackets, shorts, tights, gloves, helmets and shoes that offer protection, comfort and safety to cyclists. They keep riders dry by being waterproof and breathe easily to wick moisture away from the body.
Market key trends:
One of the major trends in the cycling wear market is the increasing adoption of smart and connected cycling wear products. These products are equipped with sensors that track vitals like heart rate, speed, pace and distance traveled. The collected data is synced to apps used for health and fitness monitoring. Many companies are focusing on integration of GPS, heart rate and temperature monitors in cycling wearables to offer more insights to riders. This is expected to drive the demand for technologically advanced cycling gear over the forecast period.
Segment Analysis
The Cycling Wear Market Size is segmented by product type, distribution channel, and end use. Based on product type, the jersey segment dominates the market, as jersey provides comfort and wicks moisture away from the body. Jerseys come in different types such as winter jersey, summer jersey, etc to suit different weather conditions.
Key Takeaways
The global cycling wear market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing health consciousness among people and surging popularity of cycling as an exercise activity.
Regional analysis
Europe dominates the cycling wear market currently, owing to high uptake of cycling in countries like Germany, France, Italy, and UK. Asia Pacific is expected to be the fastest growing market due to improving cycling infrastructure and increasing disposable income in countries like China and India.
Key players
Key players operating in the cycling wear market are Lumiere Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing Limited, 2xu Pty Ltd., Maap, Attaquer Pty Ltd., Blacksheep, Pas Normal Studios, Santini Maglificio Sportivo S.R.L. P.I. – C.F., Capo, and Pedla.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
