202 Users Online
Bicycle Apparel Market Segmented By Product Type - Cycling Tops (Jerseys, Jackets, T-shirts, Body Insulators/ Warmers) | Cycling Bottoms (Big Shorts, Tights and Pants) | Cycling Gloves | Cycling Accessories
According to Persistence Market Research, the bicycle apparel market generated a revenue of US$ 3,857.6 Mn 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 Mn by 2033, growing at a ~5.6% CAGR from 2023 to 2033.
|
Bicycle Apparel Market Size (2022A) |
US$ 3,857.6 Mn |
|
Bicycle Apparel Market Size (2023E) |
US$ 4,065.2 Mn |
|
Projected Bicycle Apparel Market Value (2033F) |
US$ 7,029.0 Mn |
|
Value CAGR (2023-2033) |
~5.6% |
|
Collective Value Share: Top 3 Countries (2022) |
~30% |
Sales of bicycle apparel have been steadily increasing as more people around the country are incorporating cycling into their lifestyles and looking for appropriate clothing to do so. The global cycling apparel market is anticipated to grow at a CAGR of 5.6% and reach a value of US$ 7,029.0 Mn by 2033, according to a thorough industry analysis by Persistence Market Research.
Bicycle clothing sales currently make up between 3% and 4% of the total market for sports gear.
Consumer demand for lighter, more comfortable riding apparel, such as cycling tops, cycling shorts, and bicycle gloves that are water-resistant, is the main factor driving the market. The cycling gear industry is expanding noticeably, especially in nations like China and South Korea. Increasing spending in advertising and celebrity endorsements is anticipated to help the market grow.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
The market competitors' active efforts to promote cycling gear through effective and appealing presentations across various sales channels is increasing buyers' interest internationally, the demand for bicycle apparel increased at a consistent rate of 5.1% from 2017 to 2022.
Rising consumer demand for cutting-edge goods with distinctive characteristics has prompted manufacturers to broaden their product offerings, which is one of the major drivers driving the sales of cycling clothing.
For instance, the Ford Company unveiled smart cycling jackets with mobile app connectivity and an integrated GPS monitoring system in 2019. Natural cycle clothes is in increasing demand as consumers become more aware of the numerous negative long-term impacts of synthetic clothing on the skin.
Bicycle jerseys made of bamboo or recyclable materials, such as repurposed fishing nets or recycled plastic bottles, are available from companies like Danny Shane and GRN Sportswear. Over the forecast period of 2023–2033, the bicycle apparel market is anticipated to grow at a CAGR of ~5.6% in terms of value.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized VersionUrban cycling is becoming more and more well-liked worldwide as a result of growing environmental concerns and attention on lowering carbon emissions. People are being encouraged to purchase bicycles and subsequently bicycle apparel by increased government financing for bicycle-friendly neighborhoods and public awareness campaigns on the health benefits of cycling.
In order to encourage cycling in all its forms and raise awareness of the numerous environmental advantages of using bicycles for transportation and recreation, the United Nations (UN) designated June 3rd as the first official "World Bicycle Day" in 2018. Important businesses in the cycling apparel industry take use of these occasions to advertise their bicycle gear products at such occasions.
Cycling is a popular sport because it keeps people healthy and strong and lowers their risk of developing numerous life-threatening illnesses like diabetes, heart disease, cancer, obesity, and stroke. Cycling helps in the treatment of many fractures and injuries as it helps to enhance balance and strength. Cycling is a muscular exercise since it causes the action of all of the muscles in the body when paddling and helps to build stamina.
People are customizing bicycle clothing for cycling since it provides comfort and boosts cycling efficiency. One major trend that is accelerating the market expansion for bicycle clothes is the rise in the adoption of cycling as a hobby.
Environmental factors are causing people to become more concerned. In order to control and eliminate environmental pollution, individuals have begun adopting electric bicycles for transportation. People now use e-bikes even for long distances since they maintain fitness and are environmentally friendly. Machines that increase paddling speed and reduce stress power E-bikes. Bicycle shorts are padded shorts that help limit buttock movement and act as shock absorbers.
People are choosing bicycle clothing when they travel because it helps absorb excess moisture and ensure good handling of the bicycle. Cycling clothing has proper cuttings that fit the human body and allow the body to extend in the right place, which increases speed while cycling. Rise in trend of using bicycle for travelling is prime factor that is fueling the growth of global bicycle clothing.
Will the U.S.'s Growing Popularity of Outdoor Recreation Activities Boost Sales Of Bicycle Clothing?
Bicycle clothing enjoys a thriving market in North America. Due to the population's growing desire for cycling, the market in the U.S. is predicted to grow at a value share of 17.3%.
Additionally, riding is widely embraced by low-income, medium-income, and high-income groups for its benefits to personal health, which is increasing demand for bicycle clothing overall in the U.S.
How is Industrial Sector Growth Increasing Sales of Bicycle Clothing in the U.K.?
In order to expand significantly and build a sizable client base, particularly among untapped customers, a number of new companies have gradually developed in the European region, including the U.K. These businesses focus on producing a wide variety of creative cycling apparel. Around 6.9% of the market for bicycle clothing in Europe is dominated by the United Kingdom.
To further deliver a seamless and dependable experience to clients on a global scale, the companies are developing Omni-sales channel approaches for the distribution of bicycle apparel via dealers, vendors, and third party distributors.
How are Bicycle Apparel Manufacturers in India Likely to Benefit from Technology and Changing Consumer Preferences?
Due to the country's growing purchasing power, India is projected to project significant sales of cycling clothing in the South Asian market. The expanding supply and demand for smart technology items are also fuelling the country’s desire for smart cycling clothing across all industries. Additionally, the increase in popularity of numerous outdoor recreational sports activities is encouraging the usage of inexpensive, comfortable, lightweight, and performance-affecting cycling clothing.
The Cycling Federation of India held the Track Asia Cup in Delhi in 2019. For the World Cup, World Championships, and Tokyo Olympics in 2020, this competition served as the qualification stage. Such initiatives to encourage bicycle use are probably going to be crucial in aiding the expansion of the bike apparel business.
Will China's Growing Interest in Environmentally Friendly Transportation Boost Sales of Bicycle Clothing?
China's industrial sector has seen growth in recent years, and given that it is developing its industries and is a major supplier of high-tech goods to other countries, there are many opportunities for the country's cycling gear market to expand.
Additionally, growing consumer awareness will encourage the use of environmentally friendly and sustainable modes of transportation, opening up attractive opportunities for the bicycle apparel sector. The market in the China is predicted to grow at a rate of 7.5%.
Which Category of Bicycle Clothing Commands the Market?
Cycling jerseys, also known as undershirts, are the most popular type of product because they offer a high level of insulation as clothing, enhancing the cyclist's performance at competitions, particularly when the humidity is low. Additionally, these shield the cycler from any tiny dings or accidents and are made with distinctive patterns to promote maximum productivity.
In the global market for cycling apparel, the tops category held a significant share of 58.6% in 2022.
Will the Sales of Men's Bicycle Apparel Continue to Increase?
Men's bicycle apparel is predicted to command the market with a significant share of 63.4% in terms of end user. Men are increasingly gravitating toward online shopping and buying their desired bicycle wear products thanks to the expansion of online sales channels.
A surge in the number of national and international cycling competitions that promote fitness or serve as fundraising activities has also increased the participation of males in these competitions, which has helped the bicycle apparel sector as a whole.
Why Do Multi-Brand Stores Comprise a Large Portion of Bicycle Clothing Sales?
According to the market survey, multi-brand stores account for a significant 28% of the sales of cycling clothing when it comes to sales channels. This is because customers want to try on the quality and comfort of the clothing before making a purchase.
Particularly for individuals who cycle frequently, quality is preferred over cost. However, it is anticipated that a significant portion of bike clothes online sales would be driven by the surge in smartphone penetration and other e-Commerce platforms that enable customers to compare different products.
The product portfolios of bike apparel companies are being diversified across regions in novel ways. Additionally, since buyers are so drawn to creative advertising using celebrity endorsements, market participants are concentrating on it.
For instance:
|
Attribute |
Details |
|
Forecast Period |
2023-2033 |
|
Historical Data Available for |
2017-2022 |
|
Market Analysis |
|
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Segments Covered |
|
|
Key Companies Profiled |
|
|
Report Coverage |
|
|
Customization & Pricing |
Available upon Request |
By Product Type
By End User
By Sales Channel
Region
The bicycle apparel market is valued at US$ 3,857.6 Mn as of 2022.
Bicycle apparel are projected to increase at 5.6% CAGR and is expected to be valued at around US$ 7,029.0 Mn by 2033 end.
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., and 2XU among others.
In recent years, the bicycle apparel market is projected to see new growth prospects as consumers embrace new sports and outdoor recreational activities into their lifestyles and fitness awareness increases.
