June 23, 2024
Cycling wear market is set to grow at a CAGR of 6.36% between 2022 and 2027, Increased adoption of cycling to maintain fitness is to be a major trend -Technavio
Cycling wear market is set to grow at a CAGR of 6.36% between 2022 and 2027, Increased adoption of cycling to maintain fitness is to be a major trend -Technavio

NEW YORK, Feb. 22, 2023 /PRNewswire/ — The cycling wear market size is estimated to grow by USD 1,303.95 million from 2022 to 2027 at a CAGR of 6.36% during the forecast period. In 2017, the cycling wear market was valued at USD 2,457.50 million. From a regional perspective, Europe held the largest market share, […]

The post Cycling wear market is set to grow at a CAGR of 6.36% between 2022 and 2027, Increased adoption of cycling to maintain fitness is to be a major trend -Technavio first appeared on TREND MAG.

NEW YORK, Feb. 22, 2023 /PRNewswire/ — The cycling wear market size is estimated to grow by USD 1,303.95 million from 2022 to 2027 at a CAGR of 6.36% during the forecast period. In 2017, the cycling wear market was valued at USD 2,457.50 million. From a regional perspective, Europe held the largest market share, valued at USD 1,016.18 million. For more insights on the historic market data from 2017 to 2021 , request a sample report

Cycling wear market insights:

  • Vendors: 15+, Including Adidas AG, ASSOS of Switzerland GmbH, Black Sheep Cycling, CCN Sport Ltd., Cycle Clothing Ltd., Garmin Ltd, Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Le Col, Manifattura Valcismon SpA, Mysenlan, Nike Inc., Pentland Brands Ltd, Rapha Racing Ltd., Recreational Equipment Inc., SHIMANO INC., Trek Bicycle Corp., Troy Lee Designs Inc., Velocio LLC, Vista Outdoor Inc., among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: Distribution Channel (Online and Offline), Product (Clothing, Footwear, and Others), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

Global Cycling wear market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –
 

  • Adidas AG – The company offers cycling wear such as the padded cycling BIB shorts, and the short sleeve cycling jersey.
  • ASSOS of Switzerland GmbH – The company offers cycling wear such as MILLE GT BIB shorts C2, MILLE GTC Zeppelin cargo shorts C2, and MILLE GT half shorts C2.
  • Black Sheep Cycling – The company offers cycling wear such as short-sleeve jerseys, long-sleeve jerseys, bibs, shorts, and shirts.
  • CCN Sport Ltd. – The company offers cycling wear such as Nova gradient blue jersey, Nova block blue jersey, and Nova pro cloudy bay green jersey.
  • To know about all major vendor offerings –  download a sample!

The cycling wear market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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  • Analyzes competitor’s offerings 
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Global Cycling Wear Market – Market Dynamics

Major Drivers – 

  • Increased adoption of cycling to maintain fitness
  • Growing participation of women in cycling activities
  • High influence of celebrity endorsements on purchase decisions

KEY Challenges – 

  • Availability of counterfeit products
  • Use of substitute products for cycling wear
  • Intense competition among vendors leading to price wars

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

What are the key data covered in this Cycling Wear Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the cycling wear market between 2023 and 2027
  • Precise estimation of the size of the cycling wear market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the cycling wear market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of cycling wear market vendors

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Cycling Wear Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.36%

Market growth 2023-2027

USD 1,303.95 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.95

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 35%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

adidas AG, ASSOS of Switzerland GmbH, Black Sheep Cycling, CCN Sport Ltd., Cycle Clothing Ltd., Garmin Ltd, Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Le Col, Manifattura Valcismon SpA, Mysenlan, Nike Inc., Pentland Brands Ltd, Rapha Racing Ltd., Recreational Equipment Inc., SHIMANO INC., Trek Bicycle Corp., Troy Lee Designs Inc., Velocio LLC, and Vista Outdoor Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global cycling wear market 2017 – 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global cycling wear market 2017 – 2021 ($ million)
  • 4.2 Distribution Channel Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 – 2021 ($ million)
  • 4.3 Product Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments 
    • Exhibit 30: Chart on Distribution Channel – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Distribution Channel – Market share 2022-2027 (%)
  • 6.2 Comparison by Distribution Channel 
    • Exhibit 32: Chart on Comparison by Distribution Channel
    • Exhibit 33: Data Table on Comparison by Distribution Channel
  • 6.3 Online – Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Online – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Online – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Online – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Online – Year-over-year growth 2022-2027 (%)
  • 6.4 Offline – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Offline – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Offline – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Offline – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Offline – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Distribution Channel 
    • Exhibit 42: Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

  • 7.1 Market segments 
    • Exhibit 43: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Product – Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.3 Clothing – Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Clothing – Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Clothing – Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Clothing – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Clothing – Year-over-year growth 2022-2027 (%)
  • 7.4 Footwear – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Footwear – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Footwear – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Footwear – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Footwear – Year-over-year growth 2022-2027 (%)
  • 7.5 Others – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Product 
    • Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 Europe – Market size and forecast 2022-2027 
    • Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.4 North America – Market size and forecast 2022-2027 
    • Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.5 APAC – Market size and forecast 2022-2027 
    • Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027 
    • Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027
    • Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027 
    • Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027 
    • Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 Germany – Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.11 France – Market size and forecast 2022-2027 
    • Exhibit 97: Chart on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 9.12 Japan – Market size and forecast 2022-2027 
    • Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 adidas AG 
    • Exhibit 112: adidas AG – Overview
    • Exhibit 113: adidas AG – Business segments
    • Exhibit 114: adidas AG – Key news
    • Exhibit 115: adidas AG – Key offerings
    • Exhibit 116: adidas AG – Segment focus
  • 12.4 ASSOS of Switzerland GmbH 
    • Exhibit 117: ASSOS of Switzerland GmbH – Overview
    • Exhibit 118: ASSOS of Switzerland GmbH – Product / Service
    • Exhibit 119: ASSOS of Switzerland GmbH – Key offerings
  • 12.5 Black Sheep Cycling 
    • Exhibit 120: Black Sheep Cycling – Overview
    • Exhibit 121: Black Sheep Cycling – Product / Service
    • Exhibit 122: Black Sheep Cycling – Key offerings
  • 12.6 CCN Sport Ltd. 
    • Exhibit 123: CCN Sport Ltd. – Overview
    • Exhibit 124: CCN Sport Ltd. – Product / Service
    • Exhibit 125: CCN Sport Ltd. – Key offerings
  • 12.7 Cycle Clothing Ltd. 
    • Exhibit 126: Cycle Clothing Ltd. – Overview
    • Exhibit 127: Cycle Clothing Ltd. – Product / Service
    • Exhibit 128: Cycle Clothing Ltd. – Key offerings
  • 12.8 Garmin Ltd 
    • Exhibit 129: Garmin Ltd – Overview
    • Exhibit 130: Garmin Ltd – Business segments
    • Exhibit 131: Garmin Ltd – Key offerings
    • Exhibit 132: Garmin Ltd – Segment focus
  • 12.9 Giant Manufacturing Co. Ltd. 
    • Exhibit 133: Giant Manufacturing Co. Ltd. – Overview
    • Exhibit 134: Giant Manufacturing Co. Ltd. – Business segments
    • Exhibit 135: Giant Manufacturing Co. Ltd. – Key offerings
    • Exhibit 136: Giant Manufacturing Co. Ltd. – Segment focus
  • 12.10 Jaggad Pty Ltd. 
    • Exhibit 137: Jaggad Pty Ltd. – Overview
    • Exhibit 138: Jaggad Pty Ltd. – Product / Service
    • Exhibit 139: Jaggad Pty Ltd. – Key offerings
  • 12.11 Le Col 
    • Exhibit 140: Le Col – Overview
    • Exhibit 141: Le Col – Product / Service
    • Exhibit 142: Le Col – Key offerings
  • 12.12 Manifattura Valcismon SpA 
    • Exhibit 143: Manifattura Valcismon SpA – Overview
    • Exhibit 144: Manifattura Valcismon SpA – Product / Service
    • Exhibit 145: Manifattura Valcismon SpA – Key offerings
  • 12.13 Rapha Racing Ltd. 
    • Exhibit 146: Rapha Racing Ltd. – Overview
    • Exhibit 147: Rapha Racing Ltd. – Product / Service
    • Exhibit 148: Rapha Racing Ltd. – Key offerings
  • 12.14 SHIMANO INC. 
    • Exhibit 149: SHIMANO INC. – Overview
    • Exhibit 150: SHIMANO INC. – Business segments
    • Exhibit 151: SHIMANO INC. – Key offerings
    • Exhibit 152: SHIMANO INC. – Segment focus
  • 12.15 Trek Bicycle Corp. 
    • Exhibit 153: Trek Bicycle Corp. – Overview
    • Exhibit 154: Trek Bicycle Corp. – Product / Service
    • Exhibit 155: Trek Bicycle Corp. – Key offerings
  • 12.16 Troy Lee Designs Inc. 
    • Exhibit 156: Troy Lee Designs Inc. – Overview
    • Exhibit 157: Troy Lee Designs Inc. – Product / Service
    • Exhibit 158: Troy Lee Designs Inc. – Key offerings
  • 12.17 Vista Outdoor Inc. 
    • Exhibit 159: Vista Outdoor Inc. – Overview
    • Exhibit 160: Vista Outdoor Inc. – Business segments
    • Exhibit 161: Vista Outdoor Inc. – Key offerings
    • Exhibit 162: Vista Outdoor Inc. – Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 163: Inclusions checklist
    • Exhibit 164: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 165: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 166: Research methodology
    • Exhibit 167: Validation techniques employed for market sizing
    • Exhibit 168: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 169: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
 

SOURCE Technavio

Cycling wear market is set to grow at a CAGR of 6.36% between 2022 and 2027, Increased adoption of cycling to maintain fitness is to be a major trend -Technavio

Originally published at https://www.prnewswire.com/news-releases/cycling-wear-market-is-set-to-grow-at-a-cagr-of-6-36-between-2022-and-2027–increased-adoption-of-cycling-to-maintain-fitness-is-to-be-a-major-trend–technavio-301751695.html
Images courtesy of https://pixabay.com

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