Cycling Wear Market by Product Type, Distribution Channel, End-User

List of Tables

[181 Pages Report] The Cycling Wear Market size was estimated at USD 4.36 billion in 2023 and expected to reach USD 4.60 billion in 2024, at a CAGR 5.95% to reach USD 6.54 billion by 2030.

Cycling wear includes a wide range of products designed specifically for cyclists, including apparel, footwear, protective gear, and accessories. Increased health awareness among individuals regarding the health benefits of outdoor sports activities such as cycling is elevating the usage of various cycling wear. The growing popularity of eco-friendly modes of transportation has bolstered the demand for bicycles and corresponding accessories, expanding the scope for cycling wear. In addition, the ongoing government initiatives worldwide promoting fitness activities are propelling the demand for cycling wear. High manufacturing costs associated with producing high-quality products and limited awareness about specialized cycling clothing hamper the market's growth. The ongoing development of smart clothing products that incorporate electronic sensors for monitoring vital signs, tracking performance metrics, or offering navigational guidance is expected to create lucrative opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.36 billion
Estimated Year [2024]	USD 4.60 billion
Forecast Year [2030]	USD 6.54 billion
CAGR (%)	5.95%

Product Type: Rising R&D activities to introduce advanced types of cycling apparel

Clothing is designed to offer comfort, safety, and enhanced performance for cyclists. Cycling wear is mostly moisture-wicking fabrics, reflective elements, and a snug fit. Eyewear is essential for cyclists to protect their eyes from harmful ultraviolet (UV) rays, wind, dust, and insects. Key features include anti-fogging lenses, adjustable nose pads, and lightweight construction. Cycling footwear enhances pedaling efficiency while offering support to the cyclist's feet. The preference for footwear varies based on aspects such as cleat compatibility, closure system, and sole stiffness. Hand gloves offer protection, comfort, and enhanced grip during cycling. Significant improvements in products include padding for shock absorption, breathability, and touchscreen compatibility. Headgear for cyclists includes helmets, sweatbands, and caps, and the primary need for headgear is safety through impact protection while considering the cycle's weight, ventilation, and aerodynamics. Knee and elbow pads provide impact protection during falls or crashes while cycling. The need-based preference includes lightweight materials that do not restrict movement but offer sufficient protection.

Distribution Channel: Increasing availability of various range of cycling wear through online platforms

Offline stores remain a popular choice for consumers seeking to purchase cycling wear. Brick-and-mortar establishments offer the advantage of enabling customers to try on products before making a purchase, ensuring the selection of the correct size and fit. Cyclists prefer offline shops as they provide personalized advice and consultation from experienced staff members. Digital platforms enable consumers to browse through extensive product collections virtually at their convenience. Several cyclists seeking niche or specialized products unavailable in their local area or hoping to find deals on previous seasons' gear at discounted prices shift to online retailers.

End-User: Expanding preference of high-quality cycling wear by professional cyclists

Professional cyclists prioritize performance-enhancing features in their cycling wear. Participating in competitive events and races requires apparel designed to enhance aerodynamics, reduce air resistance, and offer optimal comfort for long durations. Recreational cyclists prioritize comfort and practicality in their cycling wear and typically engage in casual rides, weekend excursions, and fitness-oriented activities. While professional cyclists require specialized performance-enhancing garments at premium prices, recreational cyclists seek comfortable yet functional apparel at affordable prices.

Regional Insights

The growing implementation of government initiatives to support and promote sports and outdoor activities across the U.S. and Canada boosts the market growth in the Americas. According to the U.S. Bureau of Labor Statistics, in 2021, 96% of Americans spent time on sports and leisure activities. In February 2023, the Government of Canada provided USD 450,000 in funding for Cycling Canada to eliminate barriers and increase participation in recreational sports for underrepresented groups. Progressing product launching activities and the presence of key players in the region are significant factors driving the usage of cycling wear. Rising investments encouraging outdoor sports activities to increase the number of athletes across the European region with favorable governmental initiatives positively influence the demand for cycling wear in the EMEA. The rapid expansion of eCommerce platforms in the Asia-Pacific, Europe, and the Americas creates a potential platform for the growth of the cycling wear market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cycling Wear Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cycling Wear Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cycling Wear Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty Ltd., 7mesh Industries Inc., Adidas AG, ASSOS of Switzerland GmbH, Black Sheep Cycling, Bohangsports, Cafe du Cycliste, Capo Cycling Apparel, Champion System, Chrome Industries, Inc., DHB Sport, DUER, Endura Limited by Pentland Brands Limited, GIRO SPORT DESIGN by Vista Outdoor Inc., Hangzhou Lameda Sports Co., Ltd., Isadore Apparel, JRD Cycling, La Fonte Pads SRL, La Passione Srl, Le Col, Louis Garneau, Lusso Bike, MAAP Co Pty Ltd., Madison Clothing by H Young (Operations) Ltd., Maloja Clothing USA Inc., Manifattura Valcismon S.p.A., Marcello Bergamo Australia, Mission Workshop, LLC., Moment CC, Monton Sports, NIKE, Inc., Oakley, Inc., Ornot Bike, Osloh Bicycle Jeans, Pas Normal Studios ApS, Pearl izumi by United Sports Brands, POC Sweden AB, Proviz Sports, Puma SE, Rapha Racing Limited, Runtowell, SANTINI S.P.A., Shimano Inc., Sigr AB, Specialized Bicycle Components, Inc., SRAM LLC, The Pedla, Triple2 Sportswear GmbH, Vaela Limited, and W. L. Gore & Associates, Inc..

Market Segmentation & Coverage

This research report categorizes the Cycling Wear Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Clothing
- Eyewear
- Footwear
- Hand Gloves
- Head Gear
- Knee & Elbow Pads

Distribution Channel
- Offline Stores
  - Hypermarkets
  - Retail Stores
  - Specialty Stores

Online Stores

End-User
- Professional Cyclist
- Recreational Cyclist

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cycling Wear Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cycling Wear Market?

3. What are the technology trends and regulatory frameworks in the Cycling Wear Market?

4. What is the market share of the leading vendors in the Cycling Wear Market?

5. Which modes and strategic moves are suitable for entering the Cycling Wear Market?

Product Code: MRR-4348D129F9AF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing participation in outdoor sports activities worldwide
  - 5.1.1.2. Rising adoption of eco-friendly modes of transportation
  - 5.1.1.3. Availability of government initiatives to increase participation in fitness activities
- 5.1.2. Restraints
  - 5.1.2.1. High cost of manufacturing cycling wear products
- 5.1.3. Opportunities
  - 5.1.3.1. Continuous advancements in the development of eco-friendly materials for manufacturing sustainable cycling wear
  - 5.1.3.2. Rising inclination toward smart cycling wear
- 5.1.4. Challenges
  - 5.1.4.1. Limited awareness about specialized cycling clothing and design complexities
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Rising R&D activities to introduce advanced types of cycling apparel
- 5.2.2. Distribution Channel: Increasing availability of various range of cycling wear through online platforms
- 5.2.3. End-User: Expanding preference of high-quality cycling wear by professional cyclists
5.3. Market Trend Analysis
- 5.3.1. Vibrant cycling culture, developing an eco-friendly cycling wear line, and significant government initiatives in expanding cycling infrastructure across Americas
- 5.3.2. Government investments for cycling infrastructure development coupled with the proliferation of e-commerce in the APAC region
- 5.3.3. Presence of major native market vendors with rising sports sponsorship in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Cycling Wear Market, by Product Type

6.1. Introduction
6.2. Clothing
6.3. Eyewear
6.4. Footwear
6.5. Hand Gloves
6.6. Head Gear
6.7. Knee & Elbow Pads

7. Cycling Wear Market, by Distribution Channel

7.1. Introduction
7.2. Offline Stores
7.3. Online Stores

8. Cycling Wear Market, by End-User

8.1. Introduction
8.2. Professional Cyclist
8.3. Recreational Cyclist

9. Americas Cycling Wear Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cycling Wear Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cycling Wear Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. PEARL iZUMi and Nathan Owner, United Sports Brands, Acquired by Norwest Equity Partners
- 12.3.2. MVC Group Acquires Majority Stake in Triathlon Gear Company Zoot
- 12.3.3. Pas Normal Studios Extends its Global Footprint by Opening Singapore and Munich Flagship Stores
- 12.3.4. Mips Makes USD 7.3 Million Investment Into Quin
- 12.3.5. Mission Workshop Flow Collection Blends Style with Performance
- 12.3.6. KOROYD Partners with French Cycling Brand, Ekoi
- 12.3.7. Aleck and SMITH Announce Strategic Partnership to Integrate Crash Sensor Technology into Bike Helmets for 2024
- 12.3.8. Patta and Rapha's Sports Collaboration Inspires the Next Generation of Cyclists
- 12.3.9. Rapha and Paul Smith Collaboratively Launch a New Collection Inspired by '60s Jersey Design
- 12.3.10. Cafe Du Cycliste X Look Cycle Collaboration Celebrates French Style And Performance

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio