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Cycling Wear Market to Witness Immense Growth USD 5,572.2 Million by 2025 | JRD Cycling, Castelli Cycling, Giro Sport Design

12-16-2021 12:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Cycling Wear

Cycling Wear

Cycling wear refers to the use of garments or gear to improve performance or comfort while cycling. Cycling as a hobby is becoming more popular, and a growing portion of the population is living healthier lifestyles, which is increasing participation in sports and fitness activities, which is driving growth in the cycling wear market.Governments in various economies are taking steps to encourage people to ride bicycles. This is because governments are focusing on reducing the country's carbon footprint. Essex, a county in Southeast England, for example, introduced The Cake Escape in August 2013. It is a collaboration between Essex County Council and Sustrans, a UK sustainable transport charity, to increase the number of people who cycle.

The global cycling wear market is expected to reach $5,572.2 million by 2025, growing at a CAGR of 7.1 percent over the forecast period.

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Companies Covered as part of this study include: JRD Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing Limited, 2xu Pty Ltd., Maap, Attaquer Pty Ltd., Blacksheep, Pas Normal Studios, Santini Maglificio Sportivo S.R.L. P.I. - C.F., Capo, Pedla, and Lumiere Cycling...
 
Market Dynamics

Asia Pacific is the fastest growing region in the global cycling wear market, with a market value of US$ 1,020.8 Mn in 2017 and a CAGR of 9.0 percent expected during the forecast period. This is attributed to government initiatives encouraging cycling adoption, cycling tourism, and the development of cycling infrastructure. In Indonesia, for example, international cycling races such as the Tour de Singkarak, Tour de Flores, International Tour de Banyuwangi Ijen, and Tour de Siak are held to promote cycling and cycling tourism. After seven years, the Tour of Indonesia was relaunched and upgraded to Class 2.1 in January 2018. In addition, Singapore's Land Transport Authority aims to make the country a cycling-friendly city by 2030. The Land Transport Authority intends to build a 700-kilometer cycling network across the island. In addition, cycling infrastructure such as bicycle crossings and parking facilities will be built to promote cycling culture.
 
 Report Purchase Motives:
• The paper examines how Cycling Wear is expected to grow in the future.
• Examine various perspectives on the Cycling Wear using Porter's five forces analysis.
• The product type expected to dominate the Cycling Wear market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Cycling Wear shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Cycling Wear share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Cycling Wear players, critical financial information, current advancements, SWOT analysis, and strategies.
 
𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝘀𝗮𝗹𝗲 𝗶𝘀 𝗹𝗶𝘃𝗲!
𝒈𝒆𝒕 𝒆𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝒄𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝒐𝒇 𝟮𝟱-𝟯𝟬 % 𝒕𝒊𝒍𝒍 𝟯𝟭 𝒅𝒆𝒄 𝟮𝟬𝟮𝟭
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Frequently Asked Questions (FAQs):
What is the report's scope?
Is the current market size estimated in this study?
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In terms of size and growth, how do you forecast the market in 2028?
What are the most important Cycling Wear trends worldwide?
What was the revenue generated by the Cycling Wear industry in the preceding and following years?

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About Coherent Market Insights:-

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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