Cycling Wear

Cycling Wear Market by Product Type (Clothing, Eyewear, Footwear), Distribution Channel (Offline Stores, Online Stores), End-User - Global Forecast 2024-2030

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[181 Pages Report] The Cycling Wear Market size was estimated at USD 4.36 billion in 2023 and expected to reach USD 4.60 billion in 2024, at a CAGR 5.95% to reach USD 6.54 billion by 2030.

Cycling Wear Market
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Cycling wear includes a wide range of products designed specifically for cyclists, including apparel, footwear, protective gear, and accessories. Increased health awareness among individuals regarding the health benefits of outdoor sports activities such as cycling is elevating the usage of various cycling wear. The growing popularity of eco-friendly modes of transportation has bolstered the demand for bicycles and corresponding accessories, expanding the scope for cycling wear. In addition, the ongoing government initiatives worldwide promoting fitness activities are propelling the demand for cycling wear. High manufacturing costs associated with producing high-quality products and limited awareness about specialized cycling clothing hamper the market's growth. The ongoing development of smart clothing products that incorporate electronic sensors for monitoring vital signs, tracking performance metrics, or offering navigational guidance is expected to create lucrative opportunities for market growth.

Cycling Wear Market - Global Forecast 2024-2030
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Product Type: Rising R&D activities to introduce advanced types of cycling apparel

Clothing is designed to offer comfort, safety, and enhanced performance for cyclists. Cycling wear is mostly moisture-wicking fabrics, reflective elements, and a snug fit. Eyewear is essential for cyclists to protect their eyes from harmful ultraviolet (UV) rays, wind, dust, and insects. Key features include anti-fogging lenses, adjustable nose pads, and lightweight construction. Cycling footwear enhances pedaling efficiency while offering support to the cyclist's feet. The preference for footwear varies based on aspects such as cleat compatibility, closure system, and sole stiffness. Hand gloves offer protection, comfort, and enhanced grip during cycling. Significant improvements in products include padding for shock absorption, breathability, and touchscreen compatibility. Headgear for cyclists includes helmets, sweatbands, and caps, and the primary need for headgear is safety through impact protection while considering the cycle's weight, ventilation, and aerodynamics. Knee and elbow pads provide impact protection during falls or crashes while cycling. The need-based preference includes lightweight materials that do not restrict movement but offer sufficient protection.

Distribution Channel: Increasing availability of various range of cycling wear through online platforms

Offline stores remain a popular choice for consumers seeking to purchase cycling wear. Brick-and-mortar establishments offer the advantage of enabling customers to try on products before making a purchase, ensuring the selection of the correct size and fit. Cyclists prefer offline shops as they provide personalized advice and consultation from experienced staff members. Digital platforms enable consumers to browse through extensive product collections virtually at their convenience. Several cyclists seeking niche or specialized products unavailable in their local area or hoping to find deals on previous seasons' gear at discounted prices shift to online retailers.

End-User: Expanding preference of high-quality cycling wear by professional cyclists

Professional cyclists prioritize performance-enhancing features in their cycling wear. Participating in competitive events and races requires apparel designed to enhance aerodynamics, reduce air resistance, and offer optimal comfort for long durations. Recreational cyclists prioritize comfort and practicality in their cycling wear and typically engage in casual rides, weekend excursions, and fitness-oriented activities. While professional cyclists require specialized performance-enhancing garments at premium prices, recreational cyclists seek comfortable yet functional apparel at affordable prices.

Regional Insights

The growing implementation of government initiatives to support and promote sports and outdoor activities across the U.S. and Canada boosts the market growth in the Americas. According to the U.S. Bureau of Labor Statistics, in 2021, 96% of Americans spent time on sports and leisure activities. In February 2023, the Government of Canada provided USD 450,000 in funding for Cycling Canada to eliminate barriers and increase participation in recreational sports for underrepresented groups. Progressing product launching activities and the presence of key players in the region are significant factors driving the usage of cycling wear. Rising investments encouraging outdoor sports activities to increase the number of athletes across the European region with favorable governmental initiatives positively influence the demand for cycling wear in the EMEA. The rapid expansion of eCommerce platforms in the Asia-Pacific, Europe, and the Americas creates a potential platform for the growth of the cycling wear market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cycling Wear Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cycling Wear Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • PEARL iZUMi and Nathan Owner, United Sports Brands, Acquired by Norwest Equity Partners

    Norwest Equity Partners successfully acquired United Sports Brands, a conglomerate of six distinguished sporting and lifestyle brands, including the cycling apparel specialist PEARL iZUMI and the active nutrition innovator Glukos. The company aims to fuelUnited Sports Brands' continued development through new product innovation and bolster its international presence across over 65 countries. [Published On: 2023-11-28]

  • MVC Group Acquires Majority Stake in Triathlon Gear Company Zoot

    MVC Group acquired a controlling interest in the U.S.-based triathlon apparel specialist Zoot Sports. This acquisition, entailing a 70% stake in the American company, represents a significant step for MVC Group as it looks to solidify its position within the high-performance athletic wear segment. [Published On: 2023-10-05]

  • Pas Normal Studios Extends its Global Footprint by Opening Singapore and Munich Flagship Stores

    Pas Normal Studios, a cycling apparel company from Denmark, is pursuing ambitious global expansion goals with the recent opening of two flagship stores in Singapore and Munich. With these new additions, the brand now boasts seven flagship stores across Asia, Europe, and North America. These physical spaces serve as more than just retail outlets as they provide a gathering place for cyclists to participate in weekly social and training rides and host various events. [Published On: 2023-09-30]

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, Café 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:

  • Product Type
    • Clothing
    • Eyewear
    • Footwear
    • Hand Gloves
    • Head Gear
    • Knee & Elbow Pads
  • Distribution Channel
    • Offline Stores
      • Hypermarkets
      • Retail Stores
      • Specialty Stores
    • Online Stores
  • End-User
    • Professional Cyclist
    • Recreational Cyclist

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Cycling Wear Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cycling Wear Market?
  3. What are the technology trends and regulatory frameworks in the Cycling Wear Market?
  4. What is the market share of the leading vendors in the Cycling Wear Market?
  5. Which modes and strategic moves are suitable for entering the Cycling Wear Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Cycling Wear Market, by Product Type
  7. Cycling Wear Market, by Distribution Channel
  8. Cycling Wear Market, by End-User
  9. Americas Cycling Wear Market
  10. Asia-Pacific Cycling Wear Market
  11. Europe, Middle East & Africa Cycling Wear Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 378]
  16. List of Companies Mentioned [Total: 50]
Smart Cycling: The Future of Cycling-Wear
October 8, 2023
Smart Cycling: The Future of Cycling-Wear
Cycling has become increasingly popular in recent years, and with the rise of smart technology, there has been an emergence of cycling wear that is designed to enhance the overall cycling experience. From helmets to socks, all cycling equipment is seemingly getting smarter. This is largely driven by the continuous advancements in technology, which has allowed for the development of cycling wear that is both intuitive and responsive. In this blog post, we explore how cycling-wear is evolving and how smart technology is shaping the future of cycling.

Smart technology is transforming the way we cycle, and it's having a huge impact on the cycling-wear industry. For instance, smart helmets have become very popular due to their ability to provide riders with more than just head protection. These helmets have features such as built-in lights, speakers, and communication systems that allow riders to stay connected to their surroundings. Additionally, some of these helmets have in-built sensors that detect if a cyclist has been in an accident and will automatically alert emergency services if needed.

With wearables gaining momentum in the technology space, it's no surprise that smart cycling wear is becoming more prevalent. Cycling jerseys and shorts can now measure the rider's heart rate, distance traveled, and calories burned. Moreover, cycling shoes are being designed with pressure sensors, which detect the intensity of the rider's workout. These sensors help athletes understand their performance and improve their cycling, leading to better results. Smart cycling wear is all about enhancing the overall experience for the rider and providing them with meaningful data to help them perform better.

Smart technology has also revolutionized the protective gear market. Gloves that have contact sensors can detect and prevent crashes by alerting riders of obstacles that may be in their path. Cycling glasses now also come with sensors that adjust the tint of the lens depending on the intensity of light, ensuring that riders have optimal visibility at all times.

As cycling wear continues to evolve, we can expect to see smart technology shaping the future of cycling. With features such as automatic emergency alerts, intelligent sensors, and data tracking, smart cycling wear is not just about design; it's about providing meaningful benefits to the rider. Moreover, as more people take up cycling, there will be a greater demand for cycling wear that is both functional and fashionable. In the years to come, it will be interesting to see how smart cycling wear will continue to evolve and how it will enhance the overall experience of cycling for riders of all levels.

Frequently Asked Questions
  1. How big is the Cycling Wear Market?
    Ans. The Global Cycling Wear Market size was estimated at USD 4.36 billion in 2023 and expected to reach USD 4.60 billion in 2024.
  2. What is the Cycling Wear Market growth?
    Ans. The Global Cycling Wear Market to grow USD 6.54 billion by 2030, at a CAGR of 5.95%
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