Cycling Apparels Market Trends

Growth Indicators

According to the statistics by the World Bank, GDP growth in Asia Pacific was 4.2 annual %, followed by North America with 2.8 annual %.

Backed by the increasing GDP across nations from around the globe, government of nations have taken keen initiatives to support the extensive use of bicycles, including tax concessions for low income individuals, building of sufficient safe cycling infrastructure, along with spreading awareness for the benefits associated with cycling amongst others, which is considered as one of the major driving factors for promoting cycling as a means of transport. Moreover, numerous benefits associated with cycling, such as reduction in pollutions levels, including noise, GHG levels and lowered carbon footprints, coupled with the promotion of several cycling events, that also provides information on cycling and associated benefits, and the rising awareness amongst people for the need of health and fitness regimes are some of the factors anticipated to drive the growth of the global cycling apparel market.