Asia Pacific Cycling Wear Market Insights Forecasts to 2033

• The Asia Pacific Cycling Wear Market Size was valued at USD 1,671.0 Million in 2023.
• The Market is Growing at a CAGR of 9.26% from 2023 to 2033
• The Asia Pacific Cycling Wear Market Size is Expected to Reach USD 4,052.9 Million by 2033

The Asia Pacific Cycling Wear Market is Anticipated to Reach USD 4,052.9 Million by 2033, growing at a CAGR of 9.26% from 2023 to 2033.

Market Overview

Asia Pacific cycling wear market can be defined as the segment comprising clothing and cycling accessories designed solely for cycling purposes, including cycling jerseys, shorts, jackets, shoes, and gloves. The Asia Pacific cycling wear market encompasses clothing and accessories to provide comfort and performance while preventing injury in a cycling event that may be recreation or competition-oriented. The popularity of cycles, like races and charity rides, further brings into the markets for specialized cycle-wear apparel, and also such an advance in fabric material technology, as moisture-wicking and aerodynamic designs, therefore increases a product's appeal. The e-commerce platforms and specialty retail stores are the most common distribution channels for cycling wear in this region. Competitive pricing, combined with the growing trend of online shopping, is likely to fuel further growth in the Asia Pacific cycling wear market. Government initiatives promote cycling in the region through infrastructure investments, eco-friendly policies, and events. Japan and Singapore promote cycling as a mode of transport, raising awareness and increasing consumer interest in cycling gear. For instance, the Indian government has constructed bike lanes in several cities to encourage riding as a form of transportation within cities. By lowering carbon footprints and improving bike infrastructure, these programs hope to make riding safer and more convenient for cyclists.

Report Coverage

This research report categorizes the market for the Asia Pacific cycling wear market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific cycling wear market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific cycling wear market.

Driving Factors

The cycling wear market is fueled by health consciousness, fitness, urbanization, government initiatives, technological advancements, and the increasing number of cycling events. Urbanization and government subsidies make cycling eco-friendlier and more convenient. Technological advancements in cycling gear, such as moisture-wicking fabrics and aerodynamic designs, make cycling gear more appealing to enthusiasts.

Restraining Factors

Growth in the premium cycling wear market is hampered by high prices, low levels of awareness existing in rural areas, competition from nonspecialist apparel, economic instability, and cultural factors in some countries that may restrict spending on non-essential goods hence limiting the growth for the industry.

Market Segmentation

The Asia Pacific cycling wear market share is classified into product type and distribution channel.

• The clothing segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific cycling wear market is segmented by product type into clothing, footwear, headgear, and eyewear. Among these, the clothing segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Leggings, shorts, gloves, jackets, jerseys, and arm/leg warmers are all included in the clothing category of cycling apparel. Clothing ought to be elastic, waterproof, windproof, comfortable, and resistant to moisture. Cycling clothing is made to fit and support the rider's body.

• The online segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the Asia Pacific cycling wear market is divided into hypermarket, specialty stores, direct to consumer, wholesalers, and online. Among these, the online segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Customer access to a large selection of cycling clothing, frequently at low costs, has been facilitated by the growth of e-commerce platforms. The ease of internet buying, together with the ability to read reviews and compare products, has also helped to make this market more popular.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific cycling wear market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• JRD Cycling
• Castelli Cycling
• Giro Sport Design
• Champion System
• Conquest Cycle Wear Ltd.
• 2XU Pty. Ltd.
• Endura Limited
• Isadore Apparel
• Rapha Racing Limited
• Attaquer Pty Ltd.
• Lumiere Cycling
• Panache Cyclewear Co.
• Cadence Collection
• Voler Inc.
• Ornot

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, JRD Cycling unveiled a new collection of cycling apparel made to meet the various demands of Asia Pacific's urban and leisure riders. The collection features high-performance clothing made of cutting-edge breathable and moisture-wicking materials to ensure cyclists' comfort and functionality.

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Asia Pacific cycling wear market based on the below-mentioned segments:

Asia Pacific Cycling Wear Market, By Product Type

• Clothing
• Foot Wear
• Head Gear
• Eye Wear

Asia Pacific Cycling Wear Market, By Distribution Channel

• Hypermarket
• Specialty Stores
• Direct To Consumer
• Wholesalers
• Online