Global Cycling Clothing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cycling Clothing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Cycling Clothing market finds that the global Cycling Clothing market reached a value of USD 2842.77 million in 2022. It’s expected that the market will achieve USD 4586.89 million by 2028, exhibiting a CAGR of 8.3% during the forecast period.

Cycling Clothing Market Challenges

Cycling Clothing belongs to sportswear with a certain function. When designing styles, it often focuses on functional design, and the design and style of fashion aesthetics are still lacking. For example, Cycling Clothing emphasizes more efficient wind resistance. In order to prevent air from flowing into the body of the rider, and to minimize the impact of air resistance on the riding speed during riding. Therefore, compared with other types of clothing, the Cycling Clothing styles currently on the market are relatively simple, and are visually distinguished by graphic design, with bright and exaggerated colors. However, with the diversified development of consumer demand, consumers pay more and more attention to the style and appearance design of Cycling Clothing. Style and appearance design have gradually become one of the important factors affecting consumer purchases. Therefore, the relatively single style of Cycling Clothing is one of the important challenges facing the development of the industry.
The raw materials required for the company's production are mainly various fabrics for the production of products, mainly including polyester fabrics, spandex fabrics, etc. The fabric is lightweight, quick-drying, and highly elastic. For example, many Cycling Clothing’s on the market are based on Cool-Max developed by DuPont. The supply of major raw materials and the risk of price fluctuations will have a material adverse impact on the company's continued profitability. The industry characteristics of Cycling Clothing manufacturers make them rely on major suppliers for raw material procurement. Adverse changes in the company's partnership with these key suppliers, or adverse changes in the operations and financial conditions of key suppliers, may result in the company's inability to procure regular quantities in a timely and sufficient manner. At the same time, price fluctuations of raw materials will also have an impact on the company's production costs. If the price of raw materials rises, it will cause the production cost of Cycling Clothing to rise and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, the supply and price volatility of raw materials is one of the risks faced by companies in the industry.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Giant Bicycles is one of the major players operating in the Cycling Clothing market, holding a share of 5.90% in 2022.

Giant Bicycles started in 1972 with one goal: to create a better cycling experience for people around the world. Giant Bicycles is a complete ecosystem of bikes, gear and bike services. The company's products include bicycles, bicycle gear, apparel, and more.

Rapha was founded in London in 2004 by Simon Mottram to manufacture cycling apparel. The company's products redefine comfort, performance and style for cyclists from absolute beginners to WorldTour pros. Born out of a love for the sport, Rapha regularly organizes and sponsors unique rides and events.

Segmentation Overview:

Among different product types, Amateur Cycling Apparel segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Male Cyclists segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cycling Clothing market covered in Chapter 3:

Specialized Bicycle
TREK
Jaggad
CCN Sport
Marcello Bergamo
Castelli
MERIDA
Pearl Izumi
Mysenlan
Maap
JAKROO
Assos
GIANT
Rapha
Capo
Pas Normal Studios
Café du cyclist
Adidas
Spakct
Nike

In Chapter 4 and Chapter 14.2, on the basis of types, the Cycling Clothing market from 2018 to 2029 is primarily split into:

Professional Cycling Apparel
Amateur Cycling Apparel

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cycling Clothing market from 2018 to 2029 covers:

Male Cyclists
Female Cyclists

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)