Cycling Apparel Market

Cycling Apparel Market

Growth Factors of Cycling Apparel Market

The global cycling apparel market size was valued at USD 2.10 billion in 2023 and is projected to grow from USD 2.19 billion in 2024 to USD 3.36 billion by 2032, exhibiting a CAGR of 5.52% during the forecast period of 2024-2032.

During the pandemic, the lockdown measures and social distancing reduced the size of the Cycling Apparel Market. With gyms and health facilities closed, more individuals turned to biking as a safe exercise alternative, boosting the call for biking clothing and increasing the cycling apparel market growth.

The Cycling Apparel Market is pushed via rising fitness cognizance, the developing recognition of cycling, and advancements in clothing technology. Enhanced features like moisture-wicking fabric and improved comfort attract extra clients, while authority projects and urbanization additionally raise marketplace growth.

First and foremost, the cycling clothing industry is shifting to sustainability and a moral supply chain. Cycling equipment manufacturers are looking for green substances such as recycled polyester and organic cotton, which is further increasing the global cycling apparel market share. Also, there could be an emerging standard for ethical manufacturing, verifying genuine and stimulating work conditions and operating environment at some point in the supply chain. Such a transition to the focus on sustainability and moral sourcing exemplifies the increased client concern and demand for high-quality and sustainable products.

Comprehensive Analysis of Cycling Apparel Market

The Cycling Apparel Market is segmented primarily based on kind, product, give-up-user, and distribution channel. By type, the marketplace consists of professional and beginner segments, with amateurs leading due to the call for casual styles and numerous designs. The expert segment grows with the rise of global biking activities and sponsorships. Product-wise, jerseys dominate because of their overall performance-improving capabilities, even as jackets additionally see a full-size increase. The cease-user section is broken up among male and female cyclists, with males leading but women developing unexpectedly. Distribution channels encompass offline stores, which are desired for the ability to strive on clothing and e-commerce, and that's increasing due to comfort and discounts.

The Europe region led the cycling apparel market by benefitting a size of USD 680 million in 2023 due to the growing populace of beginner and expert cyclists in key countries, including Germany, the U.K., Italy, and the Netherlands.

The leading players in the cycling apparel market significantly impact its development and industry standards. Key companies such as Aero Tech Designs Cyclewear (U.S.), ASSOS of Switzerland GmbH (Switzerland), Monton Sports (China), Manifattura Valcismon S.p.A. (MVC Group) (Italy), Pearl iZUMi (U.S.), Pentland Group (U.K.), Rapha Racing Limited (U.K.), and Vista Outdoor (U.S.) shape the competitive landscape by driving innovation and market growth.

In February 2024, Pearl Izumi, a cycling wear company based in the U.S., introduced its trendy Spring/Summer collection, which includes jerseys, gloves, and an air tank. This new line features include moisture control, abrasion weight on the side of the sleeves, and UPF 30 solar protection.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.52% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

• Professional
• Amateur

By Product

• Jerseys
• Gloves
• Jackets
• Others

By End User

• Men
• Women

By Distribution Channel

• E-commerce/Online
• Offline

By Region

• North America (By Type, Product, End-User, Distribution Channel, and Country)

- U.S.

- Canada

- Mexico

• Europe (By Type, Product, End-User, Distribution Channel, and Country)

- U.K.

- Germany

- Italy

- France

- Spain

- The Netherlands

- Rest of Europe

• Asia Pacific (By Type, Product, End-User, Distribution Channel, and Country)

- China

- India

- Japan

- Australia

- Rest of Asia Pacific

• South America (By Type, Product, End-User, Distribution Channel, and Country)

- Brazil

- Argentina

- Rest of South America

• Middle East & Africa (By Type, Product, End-User, Distribution Channel, and Country)

- South Africa

- UAE

- Rest of Middle East & Africa


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