Cycling Wear Market Size, Growth, Trends and Forecast Analysis Report Till 2027
Cycling Wear Market Overview:
Cycling wear includes cycling wear apparel and cycling wear accessories. Cycling wear apparel is being worn during cycling to fit and support the body during riding. These apparel are stretchable to provide extra comfort to the wearer. Cycling wear apparel includes products such as shorts, jackets, leggings, gloves, and jerseys among others. The cycling wear market report comes with the PORTER analysis, PESTLE analysis and segment analysis, based on the product, distribution channel and region along with the market size forecast.
A research team conducted a significant amount of primary and secondary research for the analysis of the Cycling Wear market. In order to supplement the available data, segment the market, calculate the market's overall size, and project market size and growth rate, secondary research was conducted.
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Cycling Wear Market Scope:
Increasing the prevalence of chronic diseases such as hypertension, diabetes and obesity due to lifestyle changes and unhealthy eating habits will increase the cycling habits recommended by doctors and health coaches to maintain good health are driving the growth of the cycling wear market.
The increasing number of cycling events and the growing popularity of sporting events around the world are expected to create favourable opportunities for players active in the cycling wear market through the forecast period. Cycling apparel and gear manufacturers have developed a wide range of cycling apparel and gear to keep their customers loyal to their cycling apparel products.
Cycling Wear Market Segmentation:
By Goods, With a 70% market share in 2020, the cycle wear apparel segment dominated the cycling apparel market. The market offers a wide variety of clothing and accessories for cyclists. Cycling wear apparel includes leggings, shorts, gloves, beanies, tights, jackets, and jerseys. These items are made of premium materials that offer the rider a high level of comfort in addition to other qualities like toughness, moisture resistance, waterproofness, windproofness, and high visibility. Cycling apparel is made of flexible material for added comfort because it is made to accommodate and support the body while cycling. Through the anticipated period, these elements are anticipated to fuel the segment's growth.
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Cycling Wear Market Key players:
- LUMIERE CYCLING (Australia),
- ASSOS of Switzerland GmbH (Switzerland)
- Giro (The U.S)
- Champion System International (Hong Kong)
- Castelli Cycling (Italy)
- United Apparel Solution Ltd (Hong Kong)
- Endura Limited (Italy)
- Rapha Performance Roadwear (UK)
- 2XU Pty. Ltd (Australia)
COVID-19 Impact on Cycling Wear market:
The COVID-19 outbreak has had a significant impact on the Cycling Wear market. Due to the global economic downturn and a labour shortage, the development of Cycling Wear production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Cycling Wear market in 2020. However, given the high demand for Cycling Wear, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.
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