Industry Background:
The increasing popularity of cycling and the introduction of innovative cloths will help to boost global Cycling Clothing market in the forecasting period. Cycling Clothing is clothing designed to be worn while cycling. Cycling wear various cloths includes cycling jerseys, cycling shorts, cycling jacket, and cycling wind coats. With the integration of the world economy and the rapid development of the sports industry. The design, production process, and application of the fabric are also obviously insufficient compared with the developed countries in Europe and America. these factors are act as a key driver of the global market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Adidas AG (Germany), Nike Inc. (United States), Specialized Bicycle Components, Inc. (United States), Merida Industry Co. Ltd. (Taiwan), Trek Bicycle Corporation (United States), Capo Cycling Apparel (United States), ASOS plc (United Kingdom), Rapha Performance Roadwear (United Kingdom), Marcello Bergamo (Italy) and Manifattura Valcismon S.p.A.(Castelli) (Italy) |
According to AMA, the market for Cycling Clothing is expected to register a CAGR of 7.58% during the forecast period to 2028. This growth is primarily driven by Growing Health Awareness across the Globe Leading to Increased Cyclist Population and Increasing Preferences for Outdoor Exercising Across the Global Population.
Globally, a noticeable market trend is evident Introduction to Light Weight, Sweat Minimizing Cycling Apparels
The Apparel, Accessories & Luxury Goods sector in the North Amercia region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Adidas AG (Germany), Nike Inc. (United States), Specialized Bicycle Components, Inc. (United States), Merida Industry Co. Ltd. (Taiwan), Trek Bicycle Corporation (United States), Capo Cycling Apparel (United States), ASOS plc (United Kingdom), Rapha Performance Roadwear (United Kingdom), Marcello Bergamo (Italy) and Manifattura Valcismon S.p.A.(Castelli) (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Cycling Clothing market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In March 2023, Nike launched cycling apparel brand kensept1. This launch helped company to expand its presence in cycling clothing market
On 18 January 2019, Adidas has launched a new sports accelerator program “Platform A” at Station F, the world’s largest start-up campus located in Paris. 13 start-ups have been selected to work with Adidas on new business initiatives for the sports industry starting in January. Adidas has invested a total of one million euros in the development of the program. The accelerators are using the innovative power of the global start-up scene to jointly identify the potential for new strategically important projects.
Influencing Trend:
Introduction to Light Weight, Sweat Minimizing Cycling Apparels and Growing Adoption of Online Retail Portals minimized the Marketing Overheads
Market Growth Drivers:
Growing Health Awareness across the Globe Leading to Increased Cyclist Population and Increasing Preferences for Outdoor Exercising Across the Global Population
Challenges:
Upsurging Raw Material Prices as well as Distribution Overheads
Restraints:
Lack of Awareness about Cycling from Undeveloped Economies and Availability of Several Indoor Substitutes might Stagnate the Demand for Cycling Apparel
Opportunities:
Growing Adoption of Cycling as a Professional Sports from Developing Nations, Increasing and Increasing Disposable Incomes across the Global Population
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cycling Clothing Market
- Analysis about New Entrants in Cycling Clothing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cycling Clothing Study Sheds Light on
The Cycling Clothing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cycling Clothing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cycling Clothing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.