Press release
Cycling Apparel Market 2024: Global Industry Trends, Growth Drivers, and Forecast
Cycling Apparel Market
The new report published by The Business Research Company, titled Cycling Apparel Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the cycling apparel market size has grown strongly in recent years. It will grow from $4.73 billion in 2023 to $5.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The cycling apparel market size is expected to see strong growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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What Is Driving The Growth Of The Global Cycling Apparel Market?
Rising Cycling Adoption Fuels Growth In Cycling Apparel Market
The increasing popularity of cycling is expected to propel the growth of the cycling apparel market going forward. Cycling, also known as biking or bicycling, uses bicycles for transportation, recreation, exercise, or sport. The popularity of cycling is due to health benefits, convenience for urban travel, cultural shifts, and investments in cycling infrastructure. Cycling apparel enhances the overall riding experience, allowing cyclists to perform better, stay comfortable, and ride safely. For instance, in August 2023, according to RunRepeat, a Denmark-based company that manufactures running shoes, over 51 million people in the US cycle yearly. Additionally, there are 1 billion bicycles in use around the world. Therefore, the increasing popularity of cycling drives the cycling apparel market.
What Is The Key Trend In The Global Cycling Apparel Market?
Leading Cycling Apparel Brands Embrace Sustainability With Eco-Friendly Materials
Major companies operating in the cycling apparel market focus on developing sustainable products such as sustainable materials cycling apparel to reduce their environmental impact, meet consumer demand for greener products and contribute to a more sustainable future. Sustainable materials for cycling apparel are designed to minimize environmental impact while providing cyclists with the necessary performance, comfort, and durability. For instance, in April 2022, Trek Bicycle, a US-based bicycle and cycling equipment company, launched its first cycling apparel line that contains more sustainably sourced materials. The new apparel line includes cycling jerseys, shorts, and socks made with recycled materials, including fabric fibers from recycled plastic water bottles and pre-consumer textile waste. This emphasis on sustainability and eco-friendly materials aligns with current consumer preferences and industry trends within the cycling apparel market.
How Is The Global Cycling Apparel Market Segmented?
The cycling apparel market covered in this report is segmented -
1) By Product Type: Jerseys, Shorts, Bib Shorts, Jackets, Gloves, Tights And Pants, Arm And Leg Warmers, Base Layers, Accessories
2) By Material Type: Synthetic Fabrics, Natural Fabrics, Blended Fabrics, Smart Textiles, Other Material Types
3) By Cycling Type: Road Cycling, Mountain Biking, Commuting And Urban Cycling, Touring And Bikepacking, Track Cycling
4) By Distribution Channel: Online Retail, Offline Retail, Specialty Stores, Multi-Brand Stores, Sports Equipment Chains
5) By End-User: Professional, Amateur
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How Is The Competitive Landscape Of The Global Cycling Apparel Market?
Major companies operating in the cycling apparel market are Endura Products Inc., ASSOS of Switzerland GmbH, Capo Industries Ltd., Sugoi Performance Apparel , De Marchi, Craft Sportswear, Voler Inc., Santini Maglificio Sportivo S.R.L., Le Col Limited, Gore Wear, Pearl Izumi, Rapha, Castelli Cycling, Epic Sports Inc., Primal Wear Inc., 7mesh IndustriesInc., Velocio LLC, Isadora, Attaquer, Morvélo, Black Sheep Cycling, Freedom Cycle Co., La Passione, Hincapie Sportswear Inc.
Contents Of The Global Cycling Apparel Market
1. Executive Summary
2. Cycling Apparel Market Report Structure
3. Cycling Apparel Market Trends And Strategies
4. Cycling Apparel Market - Macro Economic Scenario
5. Cycling Apparel Market Size And Growth
…..
27. Cycling Apparel Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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