Global Cycling Apparel Market Size, Share, Trends (2024-2032)

Market Outlook

The global cycling apparel market size has been on a growth trajectory, reaching a value of USD 5,323.88 million in 2023. The market is expected to continue growing at a steady pace, with a projected CAGR of 4.9% between 2024 and 2032, reaching approximately USD 8,188.57 million by 2032. This growth is driven by various factors, including the increasing popularity of cycling as a recreational activity and the growing awareness of the health benefits of cycling.

Report Overview

This report provides an in-depth analysis of the global cycling apparel market, focusing on key trends, market dynamics, segmentation, and the competitive landscape. It aims to provide stakeholders with valuable insights to make informed decisions and strategic plans for the future.

Market Size

The cycling apparel market's growth is fueled by the increasing number of people taking up cycling as a sport or recreational activity, leading to a rise in demand for cycling apparel.

Market Dynamics

Market Drivers:

1. Growing Popularity of Cycling: The increasing popularity of cycling as a recreational activity and a mode of transportation is driving the demand for cycling apparel.
2. Health and Fitness Trends: The growing awareness of the health benefits of cycling is encouraging more people to take up cycling, boosting the demand for cycling apparel.
3. Innovations in Cycling Apparel: Technological advancements in materials and design are leading to the development of high-performance cycling apparel, attracting more consumers.

Key Market Challenges:

1. Competition from Other Sports: Cycling faces competition from other sports and recreational activities, which can impact the growth of the cycling apparel market.
2. Seasonal Demand: The demand for cycling apparel is seasonal, with higher demand during the warmer months, which can lead to fluctuations in sales.

Market Segmentation

The cycling apparel market can be segmented based on type, end-user, demographics, sales channel, and region.

Type Insights:

• Jerseys
• Shorts
• Jackets
• Tights
• Others

End-User Insights:

• Men
• Women
• Children

Demographics Insights:

• Professional Cyclists
• Amateur Cyclists

Sales Channel Insights:

• Online
• Offline

Regional Insights:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Historical and Forecast Trends

The cycling apparel market has witnessed steady growth over the years, driven by the increasing popularity of cycling as a recreational activity and the growing awareness of the health benefits of cycling. The market is expected to continue growing at a steady pace, with a projected CAGR of 4.9% between 2024 and 2032.

Industry Drivers and Constraints

The growth of the cycling apparel market is driven by the increasing popularity of cycling, growing health and fitness trends, and innovations in cycling apparel. However, the market faces challenges such as competition from other sports and seasonal demand.

Historical and Forecast Market Analysis by Segment

Type:

• Jerseys: Jerseys are the most commonly used cycling apparel, accounting for a significant market share.
• Shorts: Cycling shorts are designed to provide comfort and flexibility during cycling.
• Jackets: Cycling jackets are designed to provide protection from the elements while cycling.
• Tights: Cycling tights are designed to provide warmth and support during cold weather cycling.
• Others: Other types of cycling apparel include gloves, socks, and hats.

End-User:

• Men: Men account for a significant share of the cycling apparel market, as cycling is more popular among men.
• Women: The demand for cycling apparel among women is growing, driven by the increasing participation of women in cycling.
• Children: Children's cycling apparel is also in demand, as more parents encourage their children to take up cycling.

Demographics:

• Professional Cyclists: Professional cyclists require high-performance cycling apparel to enhance their performance.
• Amateur Cyclists: Amateur cyclists also require cycling apparel for comfort and safety while cycling.

Sales Channel:

• Online: Online sales of cycling apparel are growing, driven by the convenience and wide range of options available online.
• Offline: Offline sales of cycling apparel are also significant, with specialty sports stores and cycling shops being popular retail channels.

Region:

• North America: North America is a significant market for cycling apparel, driven by the growing popularity of cycling as a recreational activity.
• Europe: Europe is a mature market for cycling apparel, with a strong cycling culture and demand for high-performance cycling apparel.
• Asia Pacific: The Asia Pacific region is witnessing a growing demand for cycling apparel, driven by the increasing adoption of cycling as a mode of transportation and recreational activity.
• Latin America: Latin America is an emerging market for cycling apparel, with increasing awareness of the health benefits of cycling driving market growth.
• Middle East & Africa: The Middle East & Africa region is also witnessing a growing demand for cycling apparel, driven by the growing popularity of cycling as a recreational activity and the development of cycling infrastructure in the region.

Key Players

• Nike, Inc
• Adidas AG
• Manifattura Valcismon S.p.A
• Rider Sportsfashion L.L.C. (dba Jakroo)
• Specialized Bicycle Components, Inc.
• Under Armour, Inc.
• Others

Market Trends

• Focus on Sustainability: There is a growing trend towards sustainable cycling apparel, with manufacturers using eco-friendly materials and production processes.
• Customization: Customized cycling apparel is gaining popularity, allowing cyclists to personalize their gear according to their preferences.
• Technological Advancements: Technological advancements such as moisture-wicking fabrics and aerodynamic designs are improving the performance of cycling apparel.

Industry News

• Collaborations and Partnerships: Key players in the cycling apparel market are forming collaborations and partnerships to expand their product offerings and reach new markets.
• Product Launches: Companies are launching innovative cycling apparel products to cater to the evolving needs of cyclists and differentiate themselves in the market.

Application Insights

• Comfort and Performance: Cycling apparel is designed to provide comfort and performance benefits to cyclists, enhancing their riding experience.
• Safety: Cycling apparel also plays a crucial role in ensuring the safety of cyclists, providing visibility and protection from the elements.

FAQs

1. What is driving the growth of the global cycling apparel market?

The growth is driven by the increasing popularity of cycling as a recreational activity and the growing awareness of the health benefits of cycling.

2. What are the key challenges faced by the cycling apparel market?

Competition from other sports, seasonal demand, and price volatility of raw materials are key challenges faced by the market.

3. How is the cycling apparel market segmented?

The market is segmented based on type, end-user, demographics, sales channel, and region, reflecting the diverse needs and preferences of cyclists.

4. What recent developments have been observed in the cycling apparel market?

Recent developments include a focus on sustainability, customization, and technological advancements in cycling apparel.

5. What trends are shaping the future of the cycling apparel market?

Trends include a focus on sustainability, customization, and technological advancements in cycling apparel.

6. How does cycling apparel benefit cyclists?

Cycling apparel provides comfort, performance benefits, and safety features to cyclists, enhancing their riding experience and performance.