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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Cycling Apparel Market Report Snapshots
Cycling Apparel Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global cycling apparel market attained a value of nearly USD 5,323.88 million.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8,188.57 million by 2032.
The major drivers of the market include the rising frequency of cyclists in small and medium-sized cities, availability of adequate cycling infrastructure, increasing government support and initiatives, riding bicycles as a sustainable mode of transportation, and innovative product advancements.
The rise in awareness related to health and fitness among consumers and the growing popularity of adventure sports and events are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of cycling apparel are top wear, bottom wear, accessories, and gloves, among others.
The major players in the market are Nike.Inc, adidas AG, Manifattura Valcismon S.p.A, Rider Sportsfashion L.L.C. (dba Jakroo), Specialized Bicycle Components, Inc., Under Armour, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124