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Cycling Jersey Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41655
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The cycling jersey market share is expected to increase by USD 237.28 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.86%.

This cycling jersey market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cycling jersey market segmentations by distribution channel (offline and online) and geographic (Europe, North America, APAC, and South America). The cycling jersey market report also offers information on several market vendors, including ASSOS of Switzerland GmbH, adidas AG, FOX HEAD Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH & Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc. among others.

What will the Cycling Jersey Market Size be During the Forecast Period?

Cycling Jersey Market Size

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Cycling Jersey Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing emphasis on fitness is notably driving the cycling jersey market growth, although factors such as fluctuating prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cycling jersey industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cycling Jersey Market Driver

One of the key factors driving the cycling jersey market growth is the growing emphasis on fitness. Physical inactiveness and sedentary lifestyles of people are exposing them to various health conditions, such as anxiety, obesity, type 2 diabetes, and osteoporosis. The prevalence of chronic back pain is increasing, owing to the lack of physical activities among youths. Hence, nowadays, people are increasingly adopting healthy lifestyles. In addition, hectic work schedules and the increasing prevalence of health issues have compelled people to undertake some form of daily exercise to remain healthy and prevent various health conditions. Hence, awareness about the importance of healthy lifestyles has increased participation in recreational activities, such as cycling. Regular cycling improves and stimulates the lungs, heart, and blood circulation. It reduces the risk of cardiovascular diseases, including high blood pressure, stroke, and heart attack. The abovementioned factors indicate that the health, environmental, and economic benefits of bicycles will contribute to the growth of the global cycles, which, in turn, will drive the growth of the global cycling jersey market during the forecast period.

Key Cycling Jersey Market Trend

Customization of cycling jersey are the major trend influencing the cycling jersey market growth. In the last five years, the popularity of customized products has increased in developed regions, especially in the Americas and Europe. Several emerging countries, such as China and India, are also experiencing a surge in demand for customized premium goods, including cycling jerseys. The extent of personalization can vary from the design, logo, and color to embroidery or adding names. For instance, adidas, one of the major vendors, prepared a customized cycle kit, which includes skin suit, jerseys, bib, cap, overshoes, and warmers, for the 5th Floor, a group of 21 amateur cyclists in New York. Rapid technological innovations have led to the advent of automated tailoring machines, which can create any design in a small duration, as per customer specifications. This has played a major role in increasing the revenue of the global cycling jersey market. Thus, the advent of customization complements the growth of the market by encouraging more purchases.

Key Cycling Jersey Market Challenge

Fluctuating prices of raw materials is one of the key challenges hindering the cycling jersey market growth. The process of manufacturing cycle wear such as jerseys includes the procurement and use of several raw materials according to the type of products. One of the major costs involved in the production of jerseys is the type of fabric used, which easily helps in absorbing moisture and wicking sweat. Transportation cost is recognized as one of the major costs in the production of apparel, including jerseys. A major portion of the transportation cost incurred by the vendors is the cost of fuel, which fluctuates frequently. A rise in transportation costs increases the cost of end-products. However, the highly competitive environment of the market prevents vendors from increasing the prices of their end-products, which reduces their profit margins. Fuel prices in the countries that belong to the Organization of the Petroleum Exporting Countries (OPEC) have been fluctuating over the years. Thus, the fluctuating raw material prices are expected to limit the growth of the market during the forecast period.

This cycling jersey market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cycling jersey market as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cycling jersey market during the forecast period.

Who are the Major Cycling Jersey Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ASSOS of Switzerland GmbH
  • adidas AG
  • FOX HEAD Inc.
  • Giant Manufacturing Co. Ltd.
  • Jaggad Pty Ltd.
  • Pending System GmbH & Co. KG
  • Rapha Racing Ltd.
  • Shimano Inc.
  • Trek Bicycle Corp.
  • Troy Lee Designs Inc.

 

This statistical study of the cycling jersey market encompasses successful business strategies deployed by the key vendors. The cycling jersey market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • ASSOS of Switzerland GmbH - The company offers cycling jerseys such as MILLE GT NS JERSEY, MILLE GT SPRING FALLS LS JERSEY, MILLE GT SHORT SLEEVE JERSEY, and other jerseys for both men and women.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cycling jersey market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cycling Jersey Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cycling jersey market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Cycling Jersey Market?

Cycling Jersey Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. China is the key market for cycling jersey in APAC. Market growth in this region will be faster than the growth of the market in other regions.

In 2020, APAC witnessed significant growth in the sales of cycling jerseys, owing to increased participation of the population in various cycling events in major countries such as India, China, and Japan. The rising number of cycling enthusiasts, coupled with an increase in health consciousness in countries such as China, Japan, and India, is encouraging people to use bicycles instead of other vehicles. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

.The COVID-19 pandemic positively impacted the sales and production of cycling jerseys across the region in 2020. With relaxations in lockdowns, masses in the UK and France prefer bicycles compared with public transport. Moreover, public transport vehicles cannot be operated at full capacity because of social distancing norms. This is increasing the demand for bicycles and cycling jerseys in Europe, especially in the UK, France, and Germany. In April 2020, the Government of France announced subsidies and free bicycle repairs of up to $55 to encourage the adoption of bicycles. Such factors are expected to increase the demand for bicycles and their related accessories, such as jerseys, which will intensify the competition in the European market. This will further lead to the adoption of cycling jerseys, which will drive the growth of the market in Europe during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Cycling Jersey Market?

Cycling Jersey Market Segmentation

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The cycling jersey market share growth by the offline will be significant during the forecast period. The revenue of the offline distribution channel comes from the sales of products through specialty stores (including brand-owned stores, multi-brand stores, apparel stores, fashion and personal accessories stores, and sports equipment stores), hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. To boost sales through offline channels, global vendors are expanding their stores in local and regional markets.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the cycling jersey market size and actionable market insights on post COVID-19 impact on each segment.

 

Cycling Jersey Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.86%

Market growth 2021-2025

$ 237.28 million

Market structure

Fragmented

YoY growth (%)

7.12

Regional analysis

Europe, North America, APAC, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, France, and The Netherlands

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ASSOS of Switzerland GmbH, adidas AG, FOX HEAD Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH & Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Cycling Jersey Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cycling jersey market growth during the next five years
  • Precise estimation of the cycling jersey market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cycling jersey industry across Europe, North America, APAC, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cycling jersey market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • adidas AG
      • ASSOS of Switzerland GmbH
      • Fox Racing Inc.
      • Giant Manufacturing Co. Ltd.
      • Jaggad Pty Ltd.
      • Pending System GmbH and Co. KG
      • Rapha Racing Ltd.
      • Shimano Inc.
      • Trek Bicycle Corp.
      • Troy Lee Designs Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Cycling Jersey Market market growth will increase by $237.28 mn during 2021-2025.
      The cycling jersey market market is expected to grow at a CAGR of 7.86% during 2021-2025.
      Technavio has segmented the cycling jersey market market by distribution channel (offline and online) and geographic (Europe, North America, APAC, South America, Europe, North America, APAC, and South America).
      ASSOS of Switzerland GmbH, adidas AG, FOX HEAD Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH & Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., Troy Lee Designs Inc. are a few of the key vendors in the cycling jersey market market.
      APAC will register the highest growth rate of 34% among the other regions. Therefore, the cycling jersey market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • France
      • The Netherlands
      The key factors driving the cycling jersey market market growth are:
      • growing emphasis on fitness
      • Customization of cycling jersey
      The cycling jersey market market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Covid-19 impact and recovery analysis
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      • Details on the market shares of various regions
      • Five-force market analysis

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