Cycling Apparel Market by Demographics (Female, Kids, Male), Product (Accessories, Bottom Wear, Gloves), Distribution - Global Forecast 2024-2030

Cycling Apparel Market by Demographics (Female, Kids, Male), Product (Accessories, Bottom Wear, Gloves), Distribution - Global Forecast 2024-2030

The Cycling Apparel Market size was estimated at USD 8.30 billion in 2023 and expected to reach USD 9.93 billion in 2024, at a CAGR 20.49% to reach USD 30.63 billion by 2030.

Cycling apparel refers to clothing and accessories designed for cycling activities, emphasizing comfort and efficiency to enhance the overall cycling experience through improved aerodynamics, moisture management, and muscle support. The increasing health consciousness and environmental awareness among consumers made cycling a fitness activity and eco-friendly mode of transport, propelling demand for cycling-specific apparel. In addition, growing investments in high-profile cycling events inspire a new cohort of cycling enthusiasts, creating a surge in demand for cycling apparel. However, the presence of counterfeit cycling apparel and fluctuations in the costs of raw materials used to manufacture cycling apparel limit the usage and adoption of premium cycling apparel. Nevertheless, innovations in fabric technology and garment design, such as sweat-wicking materials and ergonomic fitting, have improved the performance of cycling apparel, attracting a broader consumer base. In addition, the development of cycling lanes and trails in urban regions has made cycling safer and more accessible, further improving the adoption of cycling apparel among consumers worldwide.

Regional Insights

The cycling apparel market in the Americas reflects a strong culture of health awareness and an active lifestyle. The region exhibits a marked preference for high-performance and innovative products. Recent investments in cycling infrastructure and government initiatives promoting eco-friendly transportation have also stimulated the demand for cycling apparel in the Americas. European Union (EU) countries boast a rich tradition of cycling as a sport and a mode of daily commute. The region's diverse climate conditions drive consumer needs in the EMEA region, compelling manufacturers to offer various products suitable for various weather patterns. Sustainability is a key purchasing factor within the EU, with customers growing inclined towards eco-friendly and ethical apparel choices. The market for cycling apparel in the Middle East and Africa is emerging, driven by increasing health consciousness and the rising popularity of cycling as a leisure activity. The cycling apparel market in the Asia Pacific region is rapidly evolving due to the vast population and government policies favoring cycling. An increasing number of consumers seeking functional and fashionable cycling apparel is expected to create growth opportunities for the cycling apparel market in the coming years.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Cycling Apparel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing Urbanization Accompanied By Dual-Earning Households and Significant Growth in Sports Apparel Industry
    • Increasing Popularity of Electric Bicycles
    • Efforts to Improve Cycling as a Health-Promoting Activity
    • Market Restraints
      • Availability of Low Cost Substitutes of Branded Products
      • Market Opportunities
        • Growing Product Innovations and Advertising Campaigns by the Manufacturers
        • Rising Development of Third-Party and Social Media Influencing Online Sales Channels and Modern Trade Channels
        • Market Challenges
          • Concerns Regarding Expensive Raw Materials Increasing the Cost of Cycle Apparels
          • Poor Quality of Goods Manufactured by Local Manufacturers due to Absence of Government Regulations and Trademark Infringement
          • Market Segmentation Analysis
            • Demographics: Wide availability of high-performance cycling apparel for male demographics
            • Product: Availability of novel designs and materials in top wear used during cycling
            • Distribution: Growing consumer preference for online channels due to convenience and cost-efficiency
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cycling Apparel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Cycling Apparel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • MVC Group Acquires 70% of Zoot, Strengthening Position in Triathlon Market and U.S. Presence
              
              MVC Group, known for its cycling and outdoor clothing offerings under esteemed brands such as Castelli, Karpos, and Sportful, has acquired a 70% stake in Zoot, a U.S. triathlon clothing and accessories provider. The acquisition is expected to enhance MVC’s position in the lucrative triathlon market, tapping into Zoot’s robust direct-to-consumer (DTC) sales, contributing around 70% of its turnover with high operating margins.
              
              New Cycling Clothing Brand Cyclique Launches
              
              Cyclique, an emergent player in the cycling apparel market, swiftly made a name for itself by focusing on individuality and sustainability. Cyclique caters to cyclists' diverse needs, offering custom-made and off-the-rack collection options. The company aims to provide eco-friendly options, prioritizing durability, comfort, and style in the cycling apparel domain.
              
              Trek Bicycle Launches its First Cycling Apparel Line that Contains More Sustainably Sourced Materials
              
              Trek Bicycle unveiled its innovative spring/summer cycling apparel collection, combining professional-grade quality with sustainability. The launch introduces jerseys, shorts, and socks crafted from recycled materials, including fibers made from reclaimed plastic bottles and textile waste, marking a pivotal step towards the brand's commitment to ecological responsibility.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cycling Apparel Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Cycling Apparel Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty. Ltd., Adidas AG, Assos of Switzerland GmbH, Black Sheep Cycling, Campagnolo S.r.l., Capo Cycling, Champion System, Endura Limited, Isadore apparel, Louis Garneau Sports, Manifattura Valcismon S.p.A., Marcello Bergamo, MERIDA & CENTURION Germany GmbH, Nike, Inc., Ornot, PEARL iZUMi USA, Inc., Rapha Racing Limited, Rider Sportsfashion LLC, SANTINI s.p.a., Shimano Inc., Specialized Bicycle Components, Inc., Trek Bicycle Corporation, United Apparel Solution Ltd., Velocio International, Vista Outdoor Inc., and W. L. Gore & Associates GmbH.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Cycling Apparel Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Demographics
              • Female
              • Kids
              • Male
              • Product
                • Accessories
                • Bottom Wear
                  • Bib Shorts
                  • Tights & Pants
                  • Gloves
                  • Top Wear
                    • Bodywarmers
                    • Jackets
                    • Jersey
                    • T-shirts
                    • Distribution
                      • Offline
                      • Online
                      • 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
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year