PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410599
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410599
The global bicycle apparel market is gearing up for remarkable growth in the coming years, driven by a surge in urban cycling, benevolent government initiatives, and a growing number of cycling enthusiasts. According to recent reports from Fairfield Market Research, the bicycle apparel market generate a revenue of US$ 4.2 bn in 2024, with projections indicating a significant rise.
Impressive Market Growth: The bicycle apparel market is on an upward trajectory 2024 to 2031. This surge is expected to propel the global market to a value of US$ 6.8 bn by 2031, according to industry analysis by Fairfield Market Research.
Changing Lifestyles Driving Demand: The increasing adoption of cycling as a lifestyle choice is a primary driver behind the growing demand for bicycle apparel. Consumers are seeking lighter, more comfortable riding gear, including cycling tops, cycling shorts, and water-resistant bicycle gloves. Notably, bicycle clothing currently constitutes 3% to 4% of the total market for sports gear.
Government Support and Awareness: Benevolent government initiatives promoting bicycle-friendly environments and public awareness campaigns extolling the health benefits of cycling have encouraged people to embrace urban cycling. The United Nations' designation of June 3rd as "World Bicycle Day" in 2018 further highlights the global importance of cycling. Companies in the cycling apparel industry have capitalized on such events to promote their products.
Health Benefits and Customization: Cycling is increasingly recognized for its health benefits, including reduced risk of life-threatening illnesses and enhanced physical fitness. Customizable bicycle clothing not only provides comfort but also improves cycling efficiency, driving market expansion.
Electric Bicycles Fueling Growth: The rise in the use of electric bicycles for transportation, driven by environmental concerns, has boosted demand for bicycle apparel. E-bikes, which enhance paddling speed and reduce strain, have become popular choices for commuting and recreational rides.
Jerseys
Jackets
T-shirts
Body Insulators/ Warmers
Big Shorts
Tights and Pants