The Global Cycling Wear Market size is expected to reach $6.8 billion by 2026, rising at a market growth of 6.4% CAGR during the forecast period. Cycling wear includes the utilization of garments or equipment for improving the performance or for comfort during cycling. The growing number of individuals choosing cycling as a hobby and increasing segment of the population living and aspiring for healthy lifestyles consequently growing interest in sports and fitness activities is boosting the development of the cycling wear market.
Market development is credited to increase in awareness associated with health and wellness among consumers all over the world. There has been an increase in health-related issues, for example, diabetes, hypertension, and obesity, among young and middle-aged individuals. Numerous specialists and health mentors advise regular cycling practices to individuals, which assists with decreasing the negative impacts of numerous aforementioned ailments. Moreover, consumers in metropolitan areas these days favor riding bicycles as a feasible method of transportation, which is anticipated to boost market development over the forecast period.
The atmosphere and climate can influence cycling sports essentially; consequently, the focus of manufacturers is on the fabric of the cycling wear. These wears are commonly made of a special material that has a moisture-wicking capacity. Moisture-wicking is the process wherein the fabric pulls sweat off the skin and brings it outside of the piece of clothing, helping the wearer to remain cool. Organizations are investing altogether in research and development in these lines to design innovative items and decrease the sweating issue.
Additionally, many cycling events are organized each year around the world with the developing fame of adventure sports and events. For example, global cycling races such as Tour de Singkarak, Tour de Flores, Tour de Siak International Tour de, and Banyuwangi Ijen are a few of the renowned events that take place each year to promote cycling and cycling tourism industry over the world. Notwithstanding, the outbreak of the COVID-19 pandemic in 2020 is anticipated to hamper the market development in the next few years due to a reduction in regional and worldwide cycling competitions.
Report Attribute | Details |
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Market size value in 2019 | USD 4.9 Billion |
Market size forecast in 2026 | USD 6.8 Billion |
Base Year | 2019 |
Historical Period | 2016 to 2018 |
Forecast Period | 2020 to 2026 |
Revenue Growth Rate | CAGR of 6.4% from 2020 to 2026 |
Number of Pages | 142 |
Number of Tables | 260 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Distribution Channel, End User, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers |
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Restraints |
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Based on Distribution Channel, the market is segmented into Hypermarket and Supermarket, Sports Variety Stores, E-commerce and Other Distribution Channels. Based on Product, the market is segmented into Cycle wear apparel and Cycle wear accessories. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Cycling Wear Market to reach a market size of $6.8 Billion by 2026
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vista Outdoor, Inc. (Giro Sport Design), LVMH SE (2XU), Lumiere Cycling, Castelli Cycling (Manifattura Valcismon S.p.A.), Rapha Racing Limited (RZC Investments), Champion System, ASSOS of Switzerland GmbH, Endura Limited, Isadore Apparel (Realdealcyclephile s.r.o.), and Attaquer Pty. Ltd.
Market Segmentation:
By Distribution Channel
By Product
By Geography
Companies Profiled
The global cycling wear market size is expected to reach $6.8 billion by 2026.
There are several reason that cause high demand of this market one of them is the developing tendency of the population towards healthy lifestyles.
Vista Outdoor, Inc. (Giro Sport Design), LVMH SE (2XU), Lumiere Cycling, Castelli Cycling (Manifattura Valcismon S.p.A.), Rapha Racing Limited (RZC Investments), Champion System, ASSOS of Switzerland GmbH, Endura Limited, Isadore Apparel (Realdealcyclephile s.r.o.), and Attaquer Pty. Ltd.
The Hypermarket and Supermarket stores held the biggest share of market revenue in 2019.
The Europe represented the biggest share of market revenue in 2019 and is anticipated to keep up its lead over the forecast period.
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