Global Cycling Wear Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Cycling Wear Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global cycling wear market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cycling wear market report has been segmented on the basis of product type, distribution channel, and region.
Cycling wear are garments or gears for enhancing performance and comfort while cycling. Cycling wear includes cycling jerseys, jacket, shorts, wind coats, shoes, arm and leg warmers, etc., which are design to maintain temperature of body.
Increasing government initiatives and rapidly developing cycling infrastructure such as bicycle crossings and parking facilities are major factors expected to drive growth of the global cycling wear market over the forecast period. In addition, increasing health awareness among consumers across the globe, owing to increasing rate of obesity is another factor expected to further fuel growth of the global market over the forecast period. Furthermore, rising consumer preference towards adoption of bicycles as sustainable mode of transportation and availability of various types of cyclic apparels are some other factors expected to boost growth of the target market.
Moreover, increasing consumer preference towards cycling as a hobby and rising concern towards living healthier lifestyles and stronger participation in sports and fitness activities in various countries across the globe are among other factors expected to boost growth of the global market.
However, high cost cyclic products and rising adoption of electric bicycles are major factors expected to restrain growth of the global cyclic wear market over the forecast period. In addition, increasing rate of cyclic deaths and improving automobile developments are some other factors in turn expected to hamper growth of the target market in the near future.
Innovative product developments such as development of zero sweat sport tees to absorb sweat are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Analysis by Segment:
On the basis of distribution channel segment, the online segment is expected to register significant share in terms of revenue over the forecast period, owing to availability of various types of product, discounts, timely delivery of product, and easy and secure payment functionalities.
Analysis by Region
The market in Asia Pacific is expected to dominate the global cyclic wear market in terms of revenue over the fastest period, owing to increasing government initiatives for adoption of cycling, cycling tourism, and development of cycling infrastructure across various countries in the region. For instance, various kind of international cycling races such as Tour de Singkarak, Tour de Flores, International Tour de Banyuwangi Ijen, and Tour de Siak are conducted in Indonesia in order to promote cycling and cycling tourism across the country. In addition, the market in Europe followed by North America is expected to register significant growth in terms of revenue over the forecast period, owing to availability of good cycling infrastructure and increasing government support and initiatives for promote cycling.
Global cycling wear market segmentation:
Segmentation by product type:
- Head Gear
- Eye Wear
Segmentation by distribution channel:
- Specialty Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Trek Bicycle Corporation
- adidas AG
- NIKE, Inc.
- Specialized Bicycle Components, Inc.
- Merida Industry Co, Ltd.
- Upland Sports Group
- ASSOS of Switzerland SA
- Rapha Racing Limited
- Manifattura Valcismon SpA
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