Global Cycling Apparel Market Size, Share, and COVID-19 Impact Analysis By Product (Professional, Amateur), By Type (Jersey, Gloves, Jackets, Others), By End-User (Male, Female), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Consumer Goods

RELEASE DATE Jul 2024
REPORT ID SI5409
PAGES 189
REPORT FORMAT PathSoft

Global Cycling Apparel Market Insights Forecasts to 2033

  • The Global Cycling Apparel Market Size was Valued at USD 5 Billion in 2023
  • The Market Size is Growing at a CAGR of 4.94% from 2023 to 2033
  • The Worldwide Cycling Apparel Market Size is Expected to Reach USD 8.1 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period.

 

Global Cycling Apparel Market

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The Global Cycling Apparel Market Size is Anticipated to Exceed USD 8.1 Billion by 2033, Growing at a CAGR of 4.94% from 2023 to 2033.  

 

Market Overview

Cycling accessories and equipment are referred to as cycling apparel. Cycling apparel is used to fit and support the body when riding a bicycle. These clothes can be stretched to give the wearer more comfort. Products of clothing for cycling include jerseys, leggings, jackets, shorts, and gloves, among others. Cycling apparel is becoming increasingly appreciated because of its beneficial characteristics which include its capacity to remove moisture away from the body, lower air resistance, stretchability, and other attributes. The development of luminous smart cycling clothing also poses a significant market growth and attracts customers. This apparel can shine in the dark, it might assist in preventing accidents that might occur at night. Some of the primary factors driving the demand for cycling apparel are the rising popularity of cycling as a fitness activity and the growing awareness of health issues. Furthermore, key market players include NIKE Inc., Adidas AG, Specialized Bicycle, Marcello Bergamo, Castelli, JAKROO, Mysenlan, and CCN Sport. For instance, in March 2023, Bicycling was the third most popular outdoor sport in the United States, after jogging and fishing, with over 51 million Americans riding a bike annually. Bicycle-based transportation rose by 21% in the United States in 2020.

 

Report Coverage

This research report categorizes the market for the global cycling apparel market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global cycling apparel market. Recent market developments and competitive strategies such as expansion, product launch, 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 global cycling apparel market.

 

Global Cycling Apparel Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 5 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :4.94%
2033 Value Projection:USD 8.1 Billion
Historical Data for:2019-2022
No. of Pages:189
Tables, Charts & Figures:110
Segments covered:By Product, By End-User, By Region
Companies covered::Universal Colours, NIKE Inc, Adidas AG, Specialized Bicycle, Marcello Bergamo, Castelli, JAKROO, Mysenlan, CCN Sport, Capo Cycling Apparel, Champion System, Pas Normal Studios, Pearl iZUMi, Rapha Racing Limited, and Others Key Vendors
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

Growth in the cycling apparel market is anticipated during the projected period due to several factors, including an increase in government initiatives and the quick development of riding infrastructure, such as parking lots and bicycle crossings. The rising prevalence of obesity worldwide is also contributing to a growing health consciousness of consumers, which is another factor anticipated to support the market's growth over the forecast period. Additional elements expected to promote target market expansion include the availability of a variety of cycling apparel and the growing customer desire to use bicycles as a sustainable form of transportation.

 

Restraining Factors

The growing popularity of electric bicycles and the high cost of cycling products will be putting pressure on the global market for cycling apparel. Two other factors that are expected to restrict the target market's growth shortly are increasing rates of cycle deaths and improved car advancements.

 

Market Segmentation

The global cycling apparel market share is classified into product, type, and end user.  

  • The amateur services segment is expected to hold the largest share of the global cycling apparel market during the forecast period.   

Based on the product, the global cycling apparel market is divided into professional and amateur. Among these, the amateur segment is expected to hold the largest share of the global cycling apparel market during the forecast period. Amateur is due to the product's basic quality and reasonable price. The fact that these products include several qualities found in amateur clothing but at a lesser price is also driving more demand for products.   

  • The jersey segment is expected to hold the largest share of the global cycling apparel market during the forecast period.   

Based on the type, the global cycling apparel market is divided into jerseys, gloves, jackets, and others. Among these, the jersey segment is expected to hold the largest share of the global cycling apparel market during the forecast period. To facilitate to keep the body cool even in hot weather, the jersey is the most significant part of the clothing. It can quickly drain sweat through the outer fiber and reduce air blockage.

 

  • The male segment is expected to hold the largest share of the global cycling apparel market during the forecast period.   

Based on the end user, the global cycling apparel market is divided into males and females. Among these, the male segment is expected to hold the largest share of the global cycling apparel market during the forecast period. Due to a greater amount of men who participate and the higher number of men's cycling championships. In 2018, men of all ages completed roughly 2.5 times as many bike trips as women, according to numbers released by Cycling UK. Additionally, 0.6% of women and 1.9% of men in England commute by bicycle every day.

 

Regional Segment Analysis of the Global Cycling Apparel Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is anticipated to hold the largest share of the global cycling apparel market over the predicted timeframe.

 

Global Cycling Apparel Market

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Europe is anticipated to hold the largest share of the global cycling apparel market over the predicted timeframe. The top countries in this region with the highest per capita bicycle ownership are the Netherlands, Denmark, Germany, and Sweden; these factors are driving up bicycle sales in these nations. For instance World Economic Forum in September 2019 states that as of 2018, there were around 23 million bicycles in the Netherlands more than people were living there, which is approximately 17 million. In addition, the growing number of individuals in the area who value leading a healthy lifestyle has resulted in a rise in the number of cycling exercises, which in turn is driving demand for product. 

 

North America is expected to grow at the fastest pace in the global cycling apparel market during the forecast period. North America is experiencing a period of increased sales of cycling gear, especially apparel, as a result of the younger population's growing interest in bicycle sports. Bicycles have become more and more popular as a form of transportation for environmentally conscious individuals, which has contributed to a boost in product consumption. The popularity of cycling sports and product consumption has also been increased by the huge amount of cycling competitions and events, such as the United States National Professional Road Race Championships, a cycling competition that was founded in 1985 and has been held a year ever since.     

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global cycling apparel 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

  • Universal Colours
  • NIKE Inc
  • Adidas AG
  • Specialized Bicycle
  • Marcello Bergamo
  • Castelli
  • JAKROO
  • Mysenlan
  • CCN Sport
  • Capo Cycling Apparel
  • Champion System
  • Pas Normal Studios
  • Pearl iZUMi
  • Rapha Racing Limited
  • Others

 

Key Target Audience

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

 

Recent Developments  

  • In April 2024, the well-known cycling clothing manufacturer Universal Colours announced its much-awaited spring/summer 2024 line. The company unveiled a line of fashionable and practical cycling clothes aimed at improving riders' experiences across the globe.

 

  • In February 2023, the first round of SS4A awards, worth a total of US$ 800 million, was announced by the US Department of Transportation. All of the funds will be used for initiatives aimed at making it safer for Americans to walk and bike.

 

Market Segment

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

 

Global Cycling Apparel Market, By Product

  • Professional
  • Amateur

 

Global Cycling Apparel Market, By Type

  • Jersey
  • Gloves
  • Jackets
  • Others

 

Global Cycling Apparel Market, By End User

  • Male
  • Female

 

Global Cycling Apparel Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within the market?
    Universal Colours, NIKE Inc, Adidas AG, Specialized Bicycle, Marcello Bergamo, Castelli, JAKROO, Mysenlan, CCN Sport, Capo Cycling Apparel, Champion System, Pas Normal Studios, Pearl iZUMi, Rapha Racing Limited, Others.
  • 2. What is the size of the global cycling apparel market?
    The global cycling apparel market is expected to grow from USD 5 Billion in 2023 to USD 8.1 Billion by 2033, at a CAGR of 4.94% during the forecast period 2023-2033.
  • 3. Which region is holding the largest share of the market?
    Europe is anticipated to hold the largest share of the global cycling apparel market over the predicted timeframe.

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