Cycling Wear

Cycling Wear Market by Product Type (Cycling Accessories, Cycling Jackets, Cycling Jerseys), Material Type (Hybrid Materials, Natural Fiber, Synthetic Fiber), User Type, Price Range, Wear Type, Fit Type, Functional Features, Technological Integration, Event Or Occasion Specific - Global Forecast 2025-2030

SKU
MRR-4348D129F9AF
Region
Global
Publication Date
December 2024
Delivery
Immediate
2023
USD 4.36 billion
2024
USD 4.60 billion
2030
USD 6.54 billion
CAGR
5.95%
360iResearch Analyst Ketan Rohom
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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 Market
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The cycling wear market encompasses clothing and accessories designed specifically for cycling, such as jerseys, shorts, bibs, jackets, and gloves. As cycling gains popularity as both a leisure activity and a form of commuting, the demand for specialized cycling wear has surged, driven by performance, comfort, and safety needs. These products are essential for reducing wind resistance, managing sweat, increasing visibility, and providing comfort during long rides. The end-use scope includes professional cycling teams, recreational riders, and urban commuters, with an increasing interest in gender-specific and environmentally sustainable options. Key growth factors include rising awareness of health and fitness, increased participation in outdoor activities, growing urbanization, and heightened consciousness towards sustainable practices. The advent of smart technology in wearables, such as garments with embedded sensors for performance tracking, presents a significant opportunity for innovation. Moreover, the expansion of e-commerce platforms facilitates easy access and promotes brand competition, further driving market growth. However, challenges include high product costs, which may limit accessibility for casual cyclists, and fluctuations in raw material prices that can impact production costs and pricing strategies. Additionally, market saturation in developed regions poses a challenge for new entrants. To counter these limitations, the market calls for innovations in cost-effective production methods, enhanced supply chain efficiency, and the discovery of untapped markets in developing countries. Sustainable fabric innovation and ergonomic design improvements present affluent areas for R&D initiatives. The nature of the market remains highly competitive and dynamic, driven by rapid technological advancements, evolving consumer preferences, and stringent environmental regulations. To capitalize on current opportunities, businesses should focus on eco-friendly product offerings, customization, and digital marketing strategies to reach a broader consumer base, thus fostering sustainable growth and market leadership.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Cycling Wear Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Emerging trends in active lifestyles and competitive sports fuel the growth of the cycling wear market
    • Rising awareness of health and fitness boosting the demand for comfortable and functional cycling wear
    • Growing popularity of cycling events, tours, and competitions expanding the demand for specialized gear
  • Market Restraints
    • Analyzing challenges and constraints hindering the expansion of the cycling wear market sector
    • Understanding the economic and logistical obstacles faced by the global cycling apparel market
    • Evaluating competitive pressures and price wars affecting the profitability of cycling apparel brands
  • Market Opportunities
    • Designing cycling apparel with superior moisture-wicking properties for optimal performance and comfort
    • Targeting women-specific cycling apparel designs that combine functionality and aesthetic appeal
    • Innovating urban cycling attire that transitions seamlessly from sports to casual or work settings
  • Market Challenges
    • Managing inventory efficiently is essential as cycling wear faces the challenge of seasonal demands
    • Building strong brand loyalty is difficult amidst a broad variety of cycling wear options for consumers
    • Cycling wear market faces increasing competition from fast fashion brands targeting active lifestyles

Market Segmentation Analysis

  • 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.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Cycling Wear Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Cycling Wear Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cycling Wear Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cycling Wear Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • PEARL iZUMi and Nathan Owner, United Sports Brands, Acquired by Norwest Equity Partners

    Norwest Equity Partners successfully acquired United Sports Brands, a conglomerate of six distinguished sporting and lifestyle brands, including the cycling apparel specialist PEARL iZUMI and the active nutrition innovator Glukos. The company aims to fuelUnited Sports Brands' continued development through new product innovation and bolster its international presence across over 65 countries. [Published On: November 28, 2023]

  • MVC Group Acquires Majority Stake in Triathlon Gear Company Zoot

    MVC Group acquired a controlling interest in the U.S.-based triathlon apparel specialist Zoot Sports. This acquisition, entailing a 70% stake in the American company, represents a significant step for MVC Group as it looks to solidify its position within the high-performance athletic wear segment. [Published On: October 05, 2023]

  • Pas Normal Studios Extends its Global Footprint by Opening Singapore and Munich Flagship Stores

    Pas Normal Studios, a cycling apparel company from Denmark, is pursuing ambitious global expansion goals with the recent opening of two flagship stores in Singapore and Munich. With these new additions, the brand now boasts seven flagship stores across Asia, Europe, and North America. These physical spaces serve as more than just retail outlets as they provide a gathering place for cyclists to participate in weekly social and training rides and host various events. [Published On: September 30, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cycling Wear Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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, Café 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
    • Cycling Accessories
      • Arm and Leg Warmers
      • Caps and Headbands
      • Gloves
    • Cycling Jackets
      • Rain Jackets
      • Windproof Jackets
    • Cycling Jerseys
      • Long Sleeve
      • Short Sleeve
      • Sleeveless
    • Cycling Pants
      • Rain Pants
      • Thermal Pants
    • Cycling Shorts
      • Bib Shorts
      • Non-Bib Shorts
  • Material Type
    • Hybrid Materials
      • Nylon-Spandex Blend
      • Polyester-Merino Blend
    • Natural Fiber
      • Bamboo
      • Merino Wool
    • Synthetic Fiber
      • Nylon
      • Polyester
  • User Type
    • Kids
      • Boys
      • Girls
    • Men
      • Amateur
      • Professional
    • Unisex
      • Amateur
      • Professional
    • Women
      • Amateur
      • Professional
  • Price Range
    • Economy
    • Mid-Range
    • Premium
  • Wear Type
    • Casual Wear
      • Leisure
      • Urban Cycling
    • Sportswear
      • Mountain Biking
      • Road Racing
  • Fit Type
    • Loose Fit
    • Regular Fit
    • Slim Fit
  • Functional Features
    • Breathable
    • Insulated
      • Heavy Insulation
      • Lightweight Insulation
    • Waterproof
      • Full Waterproof
      • Water-Resistant
  • Technological Integration
    • Reflective Wear
      • Glow-In-The-Dark Materials
      • High-Visibility Stripes
    • Smart Clothing
      • Bluetooth Integration
      • Heart Rate Monitoring
  • Event Or Occasion Specific
    • Leisure Rides
    • Local Races
    • Tour de France
  • 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

This research report offers invaluable insights into various crucial aspects of the Cycling Wear Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Cycling Wear Market, by Product Type
  7. Cycling Wear Market, by Material Type
  8. Cycling Wear Market, by User Type
  9. Cycling Wear Market, by Price Range
  10. Cycling Wear Market, by Wear Type
  11. Cycling Wear Market, by Fit Type
  12. Cycling Wear Market, by Functional Features
  13. Cycling Wear Market, by Technological Integration
  14. Cycling Wear Market, by Event Or Occasion Specific
  15. Americas Cycling Wear Market
  16. Asia-Pacific Cycling Wear Market
  17. Europe, Middle East & Africa Cycling Wear Market
  18. Competitive Landscape
Frequently Asked Questions
  1. How big is the Cycling Wear Market?
    Ans. The Global Cycling Wear Market size was estimated at USD 4.36 billion in 2023 and expected to reach USD 4.60 billion in 2024.
  2. What is the Cycling Wear Market growth?
    Ans. The Global Cycling Wear Market to grow USD 6.54 billion by 2030, at a CAGR of 5.95%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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