Global Cycling Apparel Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Cycling Apparel Market Size

The global cycling apparel market size reached a value of USD 5,323.88 million in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032 to reach around USD 8,188.57 million by 2032.

Key Takeaways

• Electric bicycle sales reached a high record of 5.5 million units, especially in Germany, France, and the Netherlands.

• Cyclists in the United Kingdom represent 40% of the total traffic in the city, while the total of the whole accounts for 27%.

• According to reports, 21.8% of adults and people over 18 commute by foot or by cycle.

Cycling apparel is specialised clothing designed specifically for cycling, a sport and activity known for its intensity, speed, and the unique demands it places on the body. These apparel are engineered to enhance comfort, performance, and safety for cyclists, ranging from casual riders to professional athletes.

The global cycling apparel market growth can be attributed to a rise in awareness related to health and fitness among consumers and stronger participation in sports and fitness activities in various countries across the globe. There has been an increase in health-related concerns such as diabetes, high blood pressure, and obesity, among adolescents and middle-aged people. Many doctors and health trainers urge people to cycle regularly as it helps to lessen the negative effects of many medical disorders.

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Key Trends and Developments

Increasing utilisation of eco-friendly materials; wearable tech integration, customisation options, and enhanced visibility features are positively impacting the cycling apparel market growth

Cycling Apparel Market Growth

Over the forecast period, increasing government initiatives and expanding cycling infrastructures, such as bicycle bridges and parking facilities, are expected to boost the global the cycling apparel market growth. Innovative product advancements, such as the creation of sweat-absorbing sports shirts, are also likely to generate new possibilities for companies operating in the target market in the coming years.

Nowadays, consumers in urban areas prefer riding bicycles as a sustainable mode of transportation. With the growing popularity of adventure sports and events, several cycling events are also held every year all over the world. International cycling races, such as the Tour de Singkarak and the Tour de Flores, for example, are well-known events held every year to promote cycling and cycling tourism around the world.

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Cycling Apparel Market Segmentation

“Global Cycling Apparel Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Top wear is further classified based on type into jerseys, jackets, t-shirts, and body warmers/insulators whereas bottom wear is divided based on type into bib shorts, tights and pants, and body warmers/insulators.

Top wear apparels are expected to be high in demand in the coming year owing to higher usability

Top wear is expected to witness a higher consumption rate and purchase frequency compared to bottom wear in the forecast period. Tops have a fashionable and vibrant apparel, leading consumers to desire greater variety. Additionally, people may buy multiple tops for each bottom wear, as tops are more prone to style changes and seasonal updates.

Bottom wear, which consists of pants, jeans, shorts, skirts, and leggings, tend to have a longer lifecycle than top wear as styles in this category do not change as rapidly, and consumers often seek durability and comfort. Although people may own fewer pieces of bottom wear compared to top wear, the demand remains strong.

Sports variety stores are expected to account for a major portion of the cycling apparel market share in the forecast period

Sports variety stores, often large retail spaces, carry a wide range of sports equipment, including cycling gear and apparel. Their broad assortment attracts a diverse customer base, from amateur enthusiasts to professional athletes. By offering a variety of cycling apparel alongside other sports gear, these stores can introduce cycling products to consumers who might not have visited a cycling-specific retailer.

Meanwhile, franchised stores and modern trade channels are expected to hold a significant position in the market in the forecast period. Franchised stores operating under a specific brand's name, provide a curated shopping experience that aligns with the brand’s identity and values. The advantage of modern trade channels lies in their convenience, accessibility, and ability to reach a broad audience. Online retail, in particular, has become a significant driver of growth for the cycling apparel market.

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Competitive Landscape of Cycling Apparel Market

Major players in the cycling apparel market are increasingly innovating with materials to enhance product performance:

Other key players in the global cycling apparel market are Specialized Bicycle Components, Inc., and Under Armour, Inc., among others.

Manufacturers in the cycling apparel market are increasingly developing and innovating their products to meet the growing demands. These developments are aimed at enhancing performance, comfort, safety, and sustainability. Some examples include moisture-wicking and breathable fabrics that keep the rider dry and comfortable by efficiently moving sweat away from the body and allowing it to evaporate. Additionally, they are adopting more eco-friendly production processes, including water-saving dyeing techniques and reduced waste production methods.

Global Cycling Apparel Market Analysis by Region

Europe has actively promoted bicycle as a sustainable and urban means of transportation and key players in the region have introduced diverse electric bicycles. The growth of the market in the region is being fuelled by the rising frequency of cyclists in small and medium-sized cities of Europe for all-purpose utility, including commutation to work, sports activity or health and fitness, amongst others. The development and expansion of the network of cycling tracks for bicycle riders in European cities are also expected to drive the growth of the cycling apparel market in Europe.

Additionally, due to the availability of adequate cycling infrastructure and increasing government support and initiatives to promote cycling, the market in Europe, followed by North America, is likely to rise significantly in terms of revenue over the forecast period.

Over the forecast period, the Asia Pacific is expected to grow at the fastest CAGR during the forecast period. Cycling events have piqued the interest of countries like South Korea, Japan, and China, which is expected to drive the regional market. Cycling activities in the region are expanding, surging consumers' preference for high-quality cycling attire, and safety gear. In the Asia Pacific region, China is one of the most important markets, while Japan and South Korea are the emerging markets for cycling apparel.

Key Highlights of the Report

Cycling Apparel Market Report Snapshots

Cycling Apparel Market Size

Cycling Apparel Market Growth

Cycling Apparel Companies

Cycling Apparel Market Regional Analysis