Cycling Wear Market Industry was valued at USD 7.77 Bn. in 2024. Cycling Wear Market size is estimated to grow at a CAGR of 5.36 % over the forecast period.
Cycling Wear Market Overview
Cycling Wear Market Industry encompasses apparel and accessories designed to enhance the comfort, performance, and safety of cyclists. These products include items such as shorts, jackets, leggings, gloves, and jerseys, all tailored to support the body during riding and provide stretchability for extra comfort.
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Cycling Wear Market Dynamics
Drivers:
- Health and Fitness Awareness: The increasing prevalence of chronic diseases such as hypertension, diabetes, and obesity has led to a surge in cycling activities recommended by health professionals, thereby driving the demand for cycling wear.
- Popularity of Cycling Events: The growing number of cycling events and the rising popularity of sporting activities worldwide are creating favorable opportunities for cycling wear manufacturers.
Opportunities:
- Product Innovation: Manufacturers are focusing on developing a wide range of cycling apparel and gear to retain customer loyalty and cater to diverse consumer preferences.
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Regional Insights
- Europe: Dominated the market with a 34% share in 2024, attributed to the significant promotion of bicycle riding and the advent of electric bicycles. Approximately 73% of Finland's population uses bicycles for various activities, including commuting and leisure, driving market demand in this region.
- Asia Pacific: Expected to grow at a CAGR of 6% during the forecast period. Countries like South Korea, Japan, and China are witnessing increased interest in cycling events, boosting the regional market. China's emphasis on high-quality cycling apparel and safety equipment further propels growth.
Market Segmentation
The cycling wear market is segmented based on product and distribution channel:
- By Product:
- Cycle Wear Apparel: Includes shorts, jackets, leggings, gloves, and jerseys designed for cycling comfort and performance.
- Cycle Wear Accessories: Encompasses additional items such as helmets, eyewear, and protective gear to enhance safety and functionality.
- By Distribution Channel:
- Hypermarkets and Supermarkets: Large retail stores offering a wide range of cycling wear products.
- Specialty Stores: Dedicated outlets focusing on sports and cycling-specific apparel and accessories.
- E-Commerce: Online platforms providing a convenient shopping experience with a broad selection of cycling wear.
- Others: Includes various other retail formats and direct sales channels.
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Competitive Landscape
Key players in the cycling wear market include:
- LUMIERE CYCLING (Australia): Offers a range of high-performance cycling apparel tailored for comfort and durability.
- ASSOS of Switzerland GmbH (Switzerland): Renowned for premium cycling clothing and accessories, emphasizing innovation and quality.
- Giro (USA): Specializes in cycling helmets, shoes, and apparel, focusing on safety and performance.
- Champion System International (Hong Kong): Provides customizable cycling wear solutions for teams and individuals.
- Castelli Cycling (Italy): Known for stylish and functional cycling apparel, catering to professional and amateur cyclists.
- United Apparel Solution Ltd (Hong Kong): Manufactures a variety of cycling garments, emphasizing quality and innovation.
- Endura Limited (Italy): Offers a comprehensive range of cycling clothing and accessories, focusing on durability and performance.
- Rapha Performance Roadwear (UK): Provides high-quality cycling apparel with a focus on design and functionality.
- 2XU Pty. Ltd (Australia): Specializes in compression garments and performance wear for cyclists.
- Isadore Apparel (Slovakia): Produces sustainable and stylish cycling clothing, emphasizing comfort and eco-friendliness.
- Tewsn Cycling Gear Limited (China): Offers a wide range of cycling gear and accessories, focusing on affordability and quality.
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