Introduction to Cycling Apparel
Cycling apparels are referred to the specialized clothing worn by cyclists during cycling. Usually preferred by professionals, the topwear of the cycling apparel usually have a long cut in the back to accommodate the bent-over position of the rider for sport-oriented cycling. The bottomwear usually are tight fit to reduce air resistance. Cycling apparels are designed to wick moisture from the skin, thereby helping the cyclists maintain a certain body temperature. Usually, cycling apparels, especially jerseys, are color coded across grand cycling events, held across the globe. For instance, for the grand tour race “Tour de France”, a general leader would wear a yellow colored jersey, a points leader would wear a green jersey, the mountain leader would wear a red polka dot jersey and so on.
Market Size and Forecast
The global cycling apparels market is thriving on the back of growing adoption of bicycles amongst individuals along with the increasing number of cyclists around the globe and the rising bicycles market, which is anticipated to grow at a CAGR of around 4.5% over the forecast period, i.e. 2020-2027. Individuals around the globe are preferring cycling over other means of transport to save commutation cost as well as to inherit the health benefits of cycling. Moreover, rising concern for vehicle pollution along with several promotions by the governments of nations for the benefits associated with cycling are some of the factors anticipated to promote the growth of the global cycling apparels market.According to GOV.UK, in Great Britain, total distance travelled by bicycle riders per year increased from 687 miles in the year 2002 to 1104 miles in the year 2018.CLICK TO DOWNLOAD SAMPLE REPORT
The market is anticipated to record a CAGR of around 4.98% throughout the forecast period, i.e. 2020-2028. The global cycling apparels market is segmented by product type into topwear, bottomwear, gloves, accessories and others, out of which, topwear and bottomwear sub segments are anticipated to hold the largest market share as both the product type form the base of dressing in any sport. A professional sportsperson prefers to own a good topwear and bottomwear which would support the person during the course of the event. Several characteristics associated with the build quality of the dress materials make both the product type critical in any form of sports, especially cycling. Moreover, rising exports of special garments for professionals, sporting or other purposes is also anticipated to contribute towards the growth of the segment in the global cycling apparels market. According to International Trade Center (ITC), export value of special garments for professional, sporting or other purposes around the globe increased from USD 4,412,765 thousand in the year 2010 to USD 8,595,844 thousand in the year 2018.
Growing Preference for Cycles Amongst Individuals
The total number of bicycle riders around the globe is increasing at a massive pace owing to numerous benefits associated with riding a bicycle. Several nations around the globe are also benefitting with the transport vehicle and as such, people are saving billions of dollars that used to empty down their pockets. According to a survey report by the European Cyclists’ Federation (ECF), cycling produces global benefits of around USD 176.89 billion per year.
Cycle is one of the cheapest modes of communication and can be easily availed by people of low-income groups. Although, cycling has proliferated across medium and high-income classes on the back of personal liking and preference for sustainable awareness, individuals are increasingly preferring for cycling apparels, mostly as a fashion trend, so as to match well during the cycling activity. Moreover, rising social awareness for cycling, in order to promote environmental health along with physical health, and the trend for several professional cycling activities, many such factors are anticipated to drive significantly towards the growth of the global cycling apparels market.
Growing Need Amongst Professional Sportspersons for Advanced Cycling Apparels
Professional sportspersons are always looking for cycling apparels that help them win the game. Cycling as a professional sport, is driven by several factors, such as clothes that make the sportsperson feel comfortable, create less air resistance, are highly breathable and helps to maintain a moderate body temperature. To meet such demands, cycling apparel manufacturers are constantly putting up efforts to derive advanced cycling apparels that help the sportsperson achieve the game.
Rising Trend For E-Bikes
The increasing concern for pollution along with depletion of conventional resources of energy across the globe has introduced electric and hybrid cycles. Increasing trend for such e-bikes amongst the people is also anticipated to raise the number of people driving a cycle, which in turn would impact positively the demand for cycling apparels.
Growing Challenges of Road Fatalities
There is a growing concern amongst individuals for the increasing cases of road fatalities, especially of people who are cycling or walking, impacting negatively towards the preference of cycles as a means of communication mode, as well as sales of cycling apparel. Moreover, challenges observed with automobile development and preference for other type of communication automobiles by many individuals is also anticipated to impact negatively towards the growth of the global cycling apparel market in the upcoming years.
Our in-depth analysis of the global cycling apparel market includes the following segments:
By Product Type
By Distribution Channel
On the basis of regional analysis, the global cycling apparel market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Europe market is anticipated to hold the largest market share on the back of the region reflecting impressive growth for cycling culture, especially after the surge in electric and hybrid cycles. Moreover, presence of infrastructure for cycling in the region, along with promotion of cycling tourism by the several governmental agencies in the region are some of the factors anticipated to promote towards the growth of the market in the region in the upcoming years.
The global cycling apparel market is further classified on the basis of region as follows:
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