Cycling Apparel Market by Demographics, Product, Distribution

List of Tables

[195 Pages Report] The Cycling Apparel Market size was estimated at USD 8.30 billion in 2023 and expected to reach USD 9.93 billion in 2024, at a CAGR 20.49% to reach USD 30.63 billion by 2030.

Cycling apparel refers to clothing and accessories designed for cycling activities, emphasizing comfort and efficiency to enhance the overall cycling experience through improved aerodynamics, moisture management, and muscle support. The increasing health consciousness and environmental awareness among consumers made cycling a fitness activity and eco-friendly mode of transport, propelling demand for cycling-specific apparel. In addition, growing investments in high-profile cycling events inspire a new cohort of cycling enthusiasts, creating a surge in demand for cycling apparel. However, the presence of counterfeit cycling apparel and fluctuations in the costs of raw materials used to manufacture cycling apparel limit the usage and adoption of premium cycling apparel. Nevertheless, innovations in fabric technology and garment design, such as sweat-wicking materials and ergonomic fitting, have improved the performance of cycling apparel, attracting a broader consumer base. In addition, the development of cycling lanes and trails in urban regions has made cycling safer and more accessible, further improving the adoption of cycling apparel among consumers worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 8.30 billion
Estimated Year [2024]	USD 9.93 billion
Forecast Year [2030]	USD 30.63 billion
CAGR (%)	20.49%

Demographics: Wide availability of high-performance cycling apparel for male demographics

Female cyclists have preferred cycling apparel that offers both functionality and style. Essential features such as high-quality chamois, breathability, and appropriate fit are highly sought after by female riders, while aesthetics also play a role in the purchasing decision. The cycling apparel for kids focuses on safe, durable, and comfy clothing that can withstand the rigors of active play. Children's cycling gear must prioritize safety features such as visibility elements and be easy to wear and remove. The male cyclist demographic favors high-performance cycling apparel emphasizing technical features. Men's cycling apparel offers superior aerodynamics, sweat-wicking properties, and comfort over long distances. Most male cyclists also appreciate apparel with a sleek, professional appearance that reflects competitive cycling attire.

Product: Availability of novel designs and materials in top wear used during cycling

Accessories in cycling apparel encompass a wide range of products designed to enhance convenience, performance, and safety for cyclists. This category includes cycling caps, socks, arm and leg warmers, shoe covers, and glasses. The need for these products often arises from seeking comfort in various weather conditions, improved aerodynamics, and protection from UV rays or debris. Cyclists look for bottom wear with ergonomic design, padding for comfort, and materials that provide compression yet allow for freedom of movement. Bib shorts are padded cycling shorts with suspenders that offer a more consistent fit, staying in place better than traditional cycling shorts and reducing pressure on the waist. Cycling tights are made with thermal fabrics for insulation and may incorporate weather-resistant materials for protection against rain and wind. Gloves are essential for cyclists, providing grip, added comfort through padding, and protection from the elements. Gloves are in fingerless styles for warmer weather and full-finger designs for cold conditions. Cyclists select top wear based on comfort, aerodynamics, and how well it responds to the demands of the cycling environment. Bodywarmers, also known as gilets, are sleeveless vests that offer core warmth while allowing for a full range of motion in the arms. Cycling jackets are designed for adverse weather conditions, protecting against wind, rain, and cold. The cycling jersey is a staple in any rider's wardrobe, featuring moisture-wicking materials, a snug fit to reduce drag, pockets for storage, and UV protection. Cycling t-shirts are a more casual option designed for comfort and style off the bike and can also be used for leisurely rides.

Distribution: Growing consumer preference for online channels due to convenience and cost-efficiency

Consumers who prefer shopping offline for cycling apparel are typically driven by the need to try on and feel the quality of the products before purchase. Offline channels may include bicycle shops, sports goods, and department stores. Offline channels appeal mainly to those who value immediate ownership, personal service, and professional fitting advice. Offline retail stores have trained staff that offer customized recommendations and aid in immediate problem-solving, which is critical for adequately selecting performance-based cycling gear. The online distribution channel suits customers who value convenience and a broader selection. The online channel allows consumers to compare prices and products quickly across different platforms. With detailed size charts, customer reviews, and easy return policies, even performance-focused apparel is increasingly being purchased online. The online channel is also a preference for those looking for direct-to-consumer (DTC) brands or hunting for better deals and exclusive online promotions. Offline shoppers seek tactile experiences and personal service, which leads to customer loyalty to local shops or specific sports chains. In contrast, online shoppers prioritize breadth of choice, competitive pricing, and the comfort of house delivery.

Regional Insights

The cycling apparel market in the Americas reflects a strong culture of health awareness and an active lifestyle. The region exhibits a marked preference for high-performance and innovative products. Recent investments in cycling infrastructure and government initiatives promoting eco-friendly transportation have also stimulated the demand for cycling apparel in the Americas. European Union (EU) countries boast a rich tradition of cycling as a sport and a mode of daily commute. The region's diverse climate conditions drive consumer needs in the EMEA region, compelling manufacturers to offer various products suitable for various weather patterns. Sustainability is a key purchasing factor within the EU, with customers growing inclined towards eco-friendly and ethical apparel choices. The market for cycling apparel in the Middle East and Africa is emerging, driven by increasing health consciousness and the rising popularity of cycling as a leisure activity. The cycling apparel market in the Asia Pacific region is rapidly evolving due to the vast population and government policies favoring cycling. An increasing number of consumers seeking functional and fashionable cycling apparel is expected to create growth opportunities for the cycling apparel market in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cycling Apparel 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 Apparel 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 Apparel Market, highlighting leading vendors and their innovative profiles. These include 2XU Pty. Ltd., Adidas AG, Assos of Switzerland GmbH, Black Sheep Cycling, Campagnolo S.r.l., Capo Cycling, Champion System, Endura Limited, Isadore apparel, Louis Garneau Sports, Manifattura Valcismon S.p.A., Marcello Bergamo, MERIDA & CENTURION Germany GmbH, Nike, Inc., Ornot, PEARL iZUMi USA, Inc., Rapha Racing Limited, Rider Sportsfashion LLC, SANTINI s.p.a., Shimano Inc., Specialized Bicycle Components, Inc., Trek Bicycle Corporation, United Apparel Solution Ltd., Velocio International, Vista Outdoor Inc., and W. L. Gore & Associates GmbH.

Market Segmentation & Coverage

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

Demographics
- Female
- Kids
- Male

Product
- Accessories
- Bottom Wear
  - Bib Shorts
  - Tights & Pants

Gloves
Top Wear
- Bodywarmers
- Jackets
- Jersey
- T-shirts

Distribution
- Offline
- Online

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 Apparel Market?

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

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

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

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

Product Code: MRR-4312A385A22A

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. Growing Urbanization Accompanied By Dual-Earning Households and Significant Growth in Sports Apparel Industry
  - 5.1.1.2. Increasing Popularity of Electric Bicycles
  - 5.1.1.3. Efforts to Improve Cycling as a Health-Promoting Activity
- 5.1.2. Restraints
  - 5.1.2.1. Availability of Low Cost Substitutes of Branded Products
- 5.1.3. Opportunities
  - 5.1.3.1. Growing Product Innovations and Advertising Campaigns by the Manufacturers
  - 5.1.3.2. Rising Development of Third-Party and Social Media Influencing Online Sales Channels and Modern Trade Channels
- 5.1.4. Challenges
  - 5.1.4.1. Concerns Regarding Expensive Raw Materials Increasing the Cost of Cycle Apparels
  - 5.1.4.2. Poor Quality of Goods Manufactured by Local Manufacturers due to Absence of Government Regulations and Trademark Infringement
5.2. Market Segmentation Analysis
- 5.2.1. Demographics: Wide availability of high-performance cycling apparel for male demographics
- 5.2.2. Product: Availability of novel designs and materials in top wear used during cycling
- 5.2.3. Distribution: Growing consumer preference for online channels due to convenience and cost-efficiency
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
- 5.9.1. Value Chain Analysis
- 5.9.2. Distribution Channel
  - 5.9.2.1. Sports Variety Stores
  - 5.9.2.2. Franchised Stores
  - 5.9.2.3. Sports Retail Chains
  - 5.9.2.4. Trade Channels
  - 5.9.2.5. Direct-to-Customer Channel
  - 5.9.2.6. Third Party Online Channel

6. Cycling Apparel Market, by Demographics

6.1. Introduction
6.2. Female
6.3. Kids
6.4. Male

7. Cycling Apparel Market, by Product

7.1. Introduction
7.2. Accessories
7.3. Bottom Wear
7.4. Gloves
7.5. Top Wear

8. Cycling Apparel Market, by Distribution

8.1. Introduction
8.2. Offline
8.3. Online

9. Americas Cycling Apparel Market

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

10. Asia-Pacific Cycling Apparel 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 Apparel 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. MVC Group Acquires 70% of Zoot, Strengthening Position in Triathlon Market and U.S. Presence
- 12.3.2. New Cycling Clothing Brand Cyclique Launches
- 12.3.3. Trek Bicycle Launches its First Cycling Apparel Line that Contains More Sustainably Sourced Materials

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio