Cycling wear includes both cycling apparel and cycling accessories. Cycling apparel is worn while cycling to fit and support the body while riding. These garments are stretchy to provide added comfort to the wearer. Cycling apparel includes items such as shorts, jackets, leggings, gloves, and jerseys. The cycling wear market report includes PORTER analysis, PESTLE analysis, and segment analysis by product, distribution channel, and region, as well as a market size forecast.
Cycling Wear Market Report Scope and Research Methodology
The aim of the Cycling Wear Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the Cycling Wear market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the Cycling Wear industry. The top players in the Cycling Wear industry including market leaders, new entrants and followers are also included in the report. The Cycling Wear market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR's Cycling Wear market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the Cycling Wear market.
Cycling Wear Market Report Overview:
The report provides insights about Cycling Wear Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the Cycling Wear market, including drivers, opportunities, challenges and restraints faced by the market.
Cycling Wear Market Size was valued at US$ 6.32 Bn. in 2020. Global Cycling Wear Market size is estimated to grow at a CAGR of 5.36 % over the forecast period.
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Cycling Wear Market Dynamics:
Highly visible cycling jackets are becoming more popular on the market. In Denmark, cyclists wearing safety vests had a 47% lower accident rate than cyclists without jackets in 2020, according to over 7,100 cyclists. These jackets make the wearer more visible to oncoming traffic and help them stand out against their surroundings. For this application, highly visible colors such as orange and yellow neon with designer retro reflective tape are commonly used. These factors will propel the cycling wear market forward during the forecast period.
Cycling Wear Market Segmentation:
As a result of the product, In 2020, the cycle wear apparel segment held 70% of the cycling wear market. On the market, there is a wide range of cycling wear apparel and clothing. Cycling wear apparel includes leggings, shorts, gloves, beanies, tights, jackets, and jerseys. These items are made of high-quality clothing that offers the rider a high level of comfort as well as other features like durability, moisture resistance, waterproofness, windproofness, and high visibility. Cycling clothing is made of flexible material and is designed to accommodate and support the body while cycling. These factors are expected to drive the segment's growth over the forecast period.
Cycle wear accessories will grow at the fastest CAGR of 5% during the forecast period. One of the most important cycling accessories is headgear or helmets, which provide the rider with safety and comfort while cycling. Manufacturers have been developing new technologies and innovations in relation to helmet development. Trek and Bontrager recently launched a new helmet with WaveCel technology that claims to provide 48 times more protection than standard EPS foam in preventing concussion from common cycling accidents.
Cycling Wear Market Key Players:
LUMIERE CYCLING (Australia),
ASSOS of Switzerland GmbH (Switzerland)
Giro (The U.S)
Champion System International (Hong Kong)
Castelli Cycling (Italy)
United Apparel Solution Ltd (Hong Kong)
Endura Limited (Italy)
Rapha Performance Roadwear (UK)
2XU Pty. Ltd (Australia)
Isadore apparel (Slovakia)
Tewsn Cycling Gear Limited (China)
Key Questions answered in the Cycling Wear Market Report are:
- What is Cycling Wear Market?
- Who are the top Cycling Wear Market players?
- What was the Cycling Wear Market size in 2021?
- What is the expected Cycling Wear Market size by 2029?
- What will be the CAGR of the Cycling Wear market during the forecast period?
- Which region held the largest market share in the Cycling Wear Market?
- Which regional Cycling Wear market is expected to grow at a high rate during the forecast period?
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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