What is Bicycle Apparels?
Bicycle gear is the clothing worn by a rider, usually a professional cyclist, when competing in a bike race. Bicycle sales and the number of cyclists worldwide are driving up demand for cycling apparel. Furthermore, a rise in consumer health consciousness and adoption of green transportation is fueling demand for cycles around the world, which in turn is boosting demand for cycling apparel. The global cycling apparel market is being driven by an increase in e-commerce and third-party online sales of cycling apparel. Cycling clothing is gaining popularity these days due to its many benefits, including the ability to pull moisture away from the body, minimize air resistance, and stretchability, to name a few. The growing popularity of cycling competitions around the world has increased the use of cycling gear and drawn more people into the sport. In addition, the growing introduction of cycling activity to children at a young age is helping to drive market development. Additionally, to meet the growing demand for children's clothing, manufacturers are developing new designs. Cycling has also become more common in tourist hotspots around the world.
The market study is broken down by Type (Topwear, Bottomwear, Gloves and Accessories), by Application (Male and Female) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Bicycle Apparels market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oakley (United States), Adidas (Germany), JRD Cycling (China), Castelli Cycling (Italy), Giro Sport Design (United States), Santini MaglificioSportivo (Italy), KOO Eyewear (United States), champion system (United States), 2XU (Australia) and Trek Bicycle Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Endura Limited (India), Upland sports group (United States), Attaquerpty ltd (Australia), Lumiere Cycling (Australia) and Pedla (Australia).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bicycle Apparels market by Type, Application and Region.
On the basis of geography, the market of Bicycle Apparels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Bicycle Apparels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Professional will boost the Bicycle Apparels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
July 2020 – Oakley has launched a new stylish, limited edition designs of its cycling glasses., and August 2020 – KOO Eyewear launches Spectro and Demos glasses ahead of the Tour France
Market Trend
- Development of Smart Cycling Apparel
- Increase Use of Smart Watches to Track the Progress
Market Drivers
- Growing Popularity of Cycling As A Sport
- Rising Awareness amongst People For The Need of Health And Fitness
Opportunities
- Government of Nations Have Taken Keen Initiatives to Support The Extensive Use of Bicycles
- Increased Importance Given To Safety
- Rising Promotion of Olympic Sports
Restraints
- Increasing Prices Of Cycles That Raises The Issues Regarding The Affordability Of Cycles
- Lack of Awareness about Wearing Proper Apparels While Riding A Bicycle
Key Target Audience
Manufacturers of Bicycle Apparels, Suppliers of Bicycle Apparels, Wholesalers, Distributors and Retailers of Bicycle Apparels, End-User, Raw Material Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.