Global Cycling Apparels Market
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Variables (Dependent and Independent)
2.2. Multi Factor Based Sensitivity Model
3. Executive Summary- Global Cycling Apparels Market
4. Market Dynamics
4.1. Drivers
4.2. Challenges
4.3. Opportunities
4.4. Trends
5. Associated Industry and Key Indicator Assessment
6. Impact Analysis of COVID-19 on Global Market
7. Consumer Buying Behavior Analysis
8. Global Cycling Apparels Market Outlook
8.1. Market Size and Forecast, 2019-2028
8.1.1. By Value (USD Million)
By Product Type
• Topwear, 2019-2028F (USD Million)
• Jerseys, 2019-2028F (USD Million)
• Jackets, 2019-2028F (USD Million)
• T-Shirts, 2019-2028F (USD Million)
• Body Warmers/Insulators, 2019-2028F (USD Million)
• Bottomwear, 2019-2028F (USD Million)
• BIB Shorts, 2019-2028F (USD Million)
• Tights & Pants, 2019-2028F (USD Million)
• Gloves, 2019-2028F (USD Million)
• Accessories, 2019-2028F (USD Million)
 Market Attractiveness By Product Type
By Sales Channel
• Sports Variety Stores, 2019-2028F (USD Million)
• Franchised Stores, 2019-2028F (USD Million)
• Modern Trade Channels, 2019-2028F (USD Million)
• Direct-to-Customer Channel, 2019-2028F (USD Million)
• Third Party Online Channel, 2019-2028F (USD Million)
 Market Attractiveness By Sales Channel
By Demographics
• Men, 2019-2028F (USD Million)
• Women, 2019-2028F (USD Million)
• Kids, 2019-2028F (USD Million)
 Market Attractiveness By Demographics
By Region
• North America, 2019-2028F (USD Million)
• Europe, 2019-2028F (USD Million)
• Asia-Pacific, 2019-2028F (USD Million)
• Latin America, 2019-2028F (USD Million)
• Middle East & Africa, 2019-2028F (USD Million)
9. Competitive Landscape
• Ornot
• Specialized Bicycle Component
• Upland Sports Group
• Adidas Group
• Giant Bicycles, Inc.
• Trek Bicycle Corporation
• Velocio International
• Rapha Racing Limited
• ASSOS of Switzerland
• Black Sheep Cycling
Cycling Apparel Market size was valued at USD 2.28 billion in 2024 and is set to exceed USD 4.63 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cycling apparel is evaluated at USD 2.39 billion.
The growth of the global cycling apparel market is thriving on the back of the several opportunities generated by the launch of new, advanced and cost-effective products in the market, coupled with the growing preference for advanced apparels over old products. Moreover, increase in the number of working women populations, who are also concerned for their health, have significantly adopted fitness and wellness activities, which is also anticipated to contribute significantly towards the growth of the global cycling apparel market. Additionally, factors such as the increasing consumer preference towards the use of electric bicycles as an eco-friendly travel solution, coupled with increasing sports and activities around the world, including cycling, and the advent of new products through increasing research and development are some of the factors anticipated to promote significantly towards the growth of the global cycling apparel market.
Growth Indicators
According to the statistics by the World Bank, GDP growth in Asia Pacific was 4.2 annual %, followed by North America with 2.8 annual %.
Backed by the increasing GDP across nations from around the globe, government of nations have taken keen initiatives to support the extensive use of bicycles, including tax concessions for low income individuals, building of sufficient safe cycling infrastructure, along with spreading awareness for the benefits associated with cycling amongst others, which is considered as one of the major driving factors for promoting cycling as a means of transport. Moreover, numerous benefits associated with cycling, such as reduction in pollutions levels, including noise, GHG levels and lowered carbon footprints, coupled with the promotion of several cycling events, that also provides information on cycling and associated benefits, and the rising awareness amongst people for the need of health and fitness regimes are some of the factors anticipated to drive the growth of the global cycling apparel market.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.6% |
|
Base Year Market Size (2024) |
USD 2.28 billion |
|
Forecast Year Market Size (2037) |
USD 4.63 billion |
|
Regional Scope |
|
By Product Type
The global cycling apparel market is segmented by product type into topwear, bottomwear, gloves and accessories. The topwear segment held the largest market share of 41.15% in the year 2019, along with a value of USD 1731.1 million in the same year, and is further anticipated to cross share value of 54.66% in the year 2037 by growing at a CAGR of 5.13% during the forecast period. Additionally, the segment is also anticipated to gain an absolute $ opportunity of 809.4 million during the forecast period, along with an incremental $ opportunity of USD 217 million in the year 2037 as compared to the previous year. Topwears in global cycling apparel market include jersey, jackets, body warmers, and T-shirts. Sweating during cycling is a very common aspect for every cyclist, and thus the Topwears are made up of special materials which allow for moisture wicking. The climate condition is an important aspect for this market. The regions with humid climate and hot temperature such as India and UAE, in the summer, requires these functional apparels which have advanced features to keep the cyclist cool and comfortable. Materials used for the Topwears include polyesters, nylon, merino wool, and others. Moreover, the topwear segment is anticipated to grow by 1.49x during the forecast period.
The global cycling apparel market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Europe industry is set to hold largest revenue share of 41% by 2037. The factors that can be attributed for the growth of the market in the region are on account of the rising frequency of cyclist in small and medium sized cities of Europe for all purpose utility, including commutation to work, sports activity or for health and fitness amongst others. Additionally, the development and expansion of the network of cycling tracks for the bicycle riders in European cities is also anticipated to drive the growth of the cycling apparel market in Europe. The market in the region is primarily driven by nations such as Germany, U.K., France and Italy amongst others, where Germany held the largest market share of 24.57% in the year 2019, along with a value of USD 422.6 million in the same year, and is further anticipated to reach a revenue share of 12.63% by the end of 2036 by growing at a CAGR of 4.27% during the forecast period. Additionally, the nation is anticipated to gain an absolute $ opportunity of USD 157.5 million during the forecast period and also gain an incremental $ opportunity of USD 45.7 million in the year 2036 as compared to the previous year. On the other hand, the market in North America is anticipated to gain a significant CAGR of 4.54% over the forecast period.
Author Credits: Parul Atri
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