The major driving factor of the global cycling apparel market is the growing adoption of bicycles as a sustainable mode of transportation, and rising health awareness among people. With cycling gaining higher significance as a sustainable transport mode, the demand for products is likely to witness a steady rise during the period of forecast, thus fueling the growth of the market. The major restraining factors of the global market are the high cost associated with the products and the adoption of electric bicycles. Furthermore, the increasing number of cyclist deaths has induced a sense of reluctance among people which is likely to hamper the growth of the market. The coupled with automobile development is likely to create challenges for cycling activates, in turn hindering the adoption of cycling apparel. Cycling Apparel is clothing designed to be worn while cycling. Cycling wear includes cycling jerseys, cycling shorts, cycling jackets, and cycling wind coats. The industry has also suffered a certain impact but still maintained a relatively optimistic growth over the past years. The major benefits of cycling apparel such as saddles were made to feel like a soft armchair there would be less chance of rubs, sores, and general aches and pain in the nether regions, Cycle apparel such as bib shorts, jerseys, arm and leg warmers, buffs, shoe covers, and jackets are designed to keep the wind and cold off your body.
Global Cycling Apparel Market valued at approximately USD 4.54 billion in 2020 is anticipated to grow with a healthy growth rate of more than 4.74% over the forecast period 2021-2027 and is estimated to reach USD 6.06 billion by 2027.
The regional analysis of the Global Cycling Apparel Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe has accounted dominating share of total generating revenue across the globe. North America is also witnessing growth but low as compared to Europe’s market attractiveness. Emerging economies of Asia Pacific excluding Japan (APEJ) are expected to spearhead in terms of demand and adoption of cycling apparel during the forecast period with China to remain at the forefront of growth.
The major market players included in this report are Adidas, Nike, Specialized Bicycle, Merida, Trek, Capo, Assos, Rapha, Marcello Bergamo, Castelli, Jaggad, Pearl Izumi, Giant, CCN Sport, and Mysenlan.
The detailed segments and sub-segment of the market are explained below:
By Type: Professional Cycling Apparel, Amateur Cycling Apparel
By Application: Male Cyclist, Female Cyclist
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