Press Release

Global Cycling Apparel Market to Reach About USD 8,188.57 million by 2032, Aided by the Growing Interest in Cycling

Global Cycling Apparel Market

According to a new report by EMR titled, ‘Global Cycling Apparel Market Report and Forecast 2024-2032’, the global market for cycling apparel attained a value of about USD 5,323.88 million in 2023. The market is further expected to grow at a CAGR of 4.9% in the forecast period of 2024-2032 to reach a value of approximately USD 8,188.57 million by 2032.

The growing focus on physical wellbeing is surging the popularity of bicycle riding. As the COVID-19 pandemic further escalated this trend, the demand for cycling apparel is significantly surging and driving the growth of the market. The development of attractive and innovative cycling clothes and accessories by the leading companies is surging the demand for cycling apparel, hence bolstering the market growth. With the emerging trend of cycling as an adventure sport and recreational activity, the preference for versatile cycling apparel is expected to increase. Moreover, technological advancements and innovations to boost the comfortability of cycling apparel are anticipated to provide impetus to the growth of the market in the forecast period.

 

Nike. Inc. (NYSE: NKE), one of the leading companies in the market, launched Nike SuperRep Cycle in May 2020. The product is specifically designed for indoor cycling and is the company’s first venture into indoor cycling footwear. The shoe features a support arc on its medial side to secure feet during side-to-side combinations or “Figure 8s” out of the saddle. With its translucid and lightweight mesh and perforated sock liners and vents, the shoe enables better airflow around the toes and combats the issue of heavy and wet shoes during sweaty biking sessions. Designed with a simplified closure system, it is easy to wear and provides traction while walking to and from the bike. Moreover, it is available in visually stunning and versatile colours and designs. The development of such innovative products by the leading companies is bolstering the market for cycling apparel.

 

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Market Analysis by Type, End-User, Demographic, Sales Channel, and Region:

  • The market, on the basis of type, can be divided into top wear, bottom wear, accessories, and gloves, among others.
  • Based on end-user, the market can be divided into professional and amateur.
  • The major demographics of cycling apparel include male, female, and kids.
  • By sales channel, the market is classified into sports variety stores, franchised stores, modern trade channels, direct-to-costumer channel, and third party online channel.
  • The regional markets for cycling apparel include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The introduction of electric bikes in developed countries, the expansion of cycling tracks, and the rising popularity of cycling events are augmenting the market growth of cycling apparel.
  • The market for cycling apparel is being fuelled by the growing health and fitness awareness, which is increasing participation in fitness activities such as cycling.
  • The increasing preference for cycling as a sustainable mode of transportation, especially in urban regions, is surging the demand for cycling apparel, which is driving the market growth.
  • The introduction of various favourable government initiatives to boost cycling infrastructure is bolstering the market for cycling apparel.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cycling apparel for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, end-users, demographics, sales channels, and major regions of cycling apparel.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global cycling apparel market are Nike.Inc, adidas AG, Manifattura Valcismon S.p.A, Rider Sportsfashion L.L.C. (dba Jakroo), Specialized Bicycle Components, Inc., Under Armour, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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