Introduction:
The global bicycle apparel market is expected to grow significantly in the coming years, driven by the increasing popularity of cycling as a leisure activity and a means of transportation. Bicycle apparel refers to the clothing and accessories worn by cyclists, including jerseys, shorts, gloves, helmets, shoes, and eyewear.
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Market Size and Trends:
According to Persistence Market Research, the bicycle apparel market generated a revenue of US$ 3,857.6 Million in 2022. The demand for bicycle apparel will accelerate, with the top market players holding a prominent share of the market in 2022. The global market is expected to reach US$ 7,029.0 Million by 2033, growing at a ~5.6% CAGR from 2023 to 2033. The increasing popularity of cycling as a leisure activity, the growing awareness about the health benefits of cycling, and the increasing use of bicycles as a means of transportation are the major drivers of market growth.
Another significant trend in the bicycle apparel market is the increasing demand for sustainable and eco-friendly cycling apparel. Consumers are increasingly concerned about the environmental impact of their clothing and are therefore opting for sustainable and eco-friendly options, such as apparel made from recycled materials or organic cotton.
The rising demand for cycling apparel designed for women is also driving the growth of the market. Historically, cycling apparel has been designed primarily for men, but with the increasing participation of women in cycling, there is a growing demand for apparel designed specifically for women.
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Market Segmentations:
By Product Type
- Cycling Tops
- Jerseys
- Jackets
- T-shirts
- Body Insulators/ Warmers
- Cycling Bottoms
- Big Shorts
- Tights and Pants
- Cycling Gloves
- Cycling Accessories
By End User
- Men
- Women
- Kids
By Sales Channel
- Wholesalers/ Distributors
- Supermarkets/ Hypermarkets
- Specialty Stores
- Multi-brand Stores
- Online Retailers
- Other Sales Channels
Regional Analysis:
North America is the largest market for bicycle apparel, accounting for a significant share of the global market. The increasing popularity of cycling as a means of transportation and the growing awareness about the health benefits of cycling are driving the demand for bicycle apparel in the region. Europe is the second-largest market for bicycle apparel, driven by the high levels of cycling activity in countries such as the Netherlands and Denmark. Asia Pacific is expected to be the fastest-growing market for bicycle apparel, driven by the increasing popularity of cycling as a leisure activity and a means of transportation in countries such as China and India.
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Key Players:
The key players in the bicycle apparel market include Shimano, Inc., Accell Group N.V., Campagnolo S.R.L., Garmin Ltd., Giant Manufacturing Co., Ltd, Merida Industry Co. Ltd, Samchuly Bicycle Co., FALKE KGaA, Endura Ltd, DT Swiss AG, Rental Limited, Head N.V., New Balance Athletics Inc., 2XU, Others. These players are focusing on product innovation and expanding their product portfolios to meet the changing demands of consumers in the bicycle apparel market.
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