Cycling Wear Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41654
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The cycling wear market has the potential to grow by USD 3.21 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.16%.

This cycling wear 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 market segmentation by product (clothing, footwear, and others) and geography (Europe, North America, APAC, South America, and MEA). The cycling wear market report also offers information on several market vendors, including 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., and Troy Lee Designs Inc. among others.

What will the Cycling Wear Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Cycling Wear Market

 Get Your FREE Sample Now!

Cycling Wear Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased adoption of cycling to maintain fitness is notably driving the cycling wear market growth, although factors such as the availability of counterfeit products 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 wear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • Growing awareness about the benefits of healthy lifestyles is propelling the demand for fitness equipment such as bicycles and add-on products such as cycling wear.
  • Participation in sports or other physical activities such as cycling significantly reduces the chances of diseases such as type 2 diabetes, metabolic syndrome, stroke, arthritis, and certain types of cancer.
  • The growing awareness about life-threatening diseases is encouraging people to engage in regular exercise routines and sports activities.
  • Sports and fitness activities such as cycling are gaining popularity, and participation in various amateur and professional cycling events is increasing. 
  • The growing participation of women in cycling activities will fuel the growth of the cycling wear market size.
  • The growing adoption of cycling among high net worth individuals (HNWI) and countryside residents comprising women is driving the bicycle market and the cycling wear market.
  • Associated health benefits, interest in group activities, and social media trends promote the use of bicycles across geographies and fuel the demand for cycling wear.
  • Initiatives by several organizations to promote cycling for women have supported the growth of the market. These factors may increase the adoption of cycling among women across the world and lead to a rise in demand for cycling wear during the forecast period.

This cycling wear 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.

Who are the Major Cycling Wear Market Vendors?

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

 

  • 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.

 

This statistical study of the cycling wear market encompasses successful business strategies deployed by the key vendors. The cycling wear market is fragmented and the vendors are deploying growth strategies such as focusing on R&D, technology, labor, and branding to compete in the market.

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 wear 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. 

Which are the Key Regions for Cycling Wear Market?

For more insights on the market share of various regions Request for a FREE sample now!

30% of the market’s growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for cycling wear in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions.

The high popularity of cycling as a sport and fitness activity and increased demand for bicycles and related products will facilitate the cycling wear market growth in Europe over the forecast period. 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.

What are the Revenue-generating Product Segments in the Cycling Wear Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The cycling wear market share growth by the clothing segment will be significant during the forecast period. Growth in the clothing segment can be attributed to factors such as cycling for recreation and fitness and engagement in cycling sports such as MTB. The growing popularity of cycling sports and the use of cycling clothing as luxury and fashion products are further driving the demand for cycling clothing. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the cycling wear market size and actionable market insights on post COVID-19 impact on each segment.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Cycling Wear Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cycling wear market growth during the next five years
  • Precise estimation of the cycling wear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cycling wear industry across Europe, North America, APAC, South America, and MEA
  • 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 wear market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Cycling Wear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.16%

Market growth 2021-2025

$ 3.21 billion

Market structure

Fragmented

YoY growth (%)

6.12

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 30%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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., 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 future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

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
Technavio

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
Technavio

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 FREE sample now!
The cycling wear market growth will increase by $2984.64 million during 2019-2024.
The cycling wear market is expected to grow at a CAGR of 6.70% during 2019-2024.
Technavio has segmented the cycling wear market by product (Clothing, Footwear, and Others) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (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 wear market.
Europe will register the highest growth rate of 31.29% among the other regions. Therefore, the cycling wear market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the cycling wear market growth are:
  • Increased adoption of cycling to maintain fitness
  • Use of sustainable logistics
The cycling wear market vendors should focus on grabbing business opportunities from the clothing segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>