Industry Background:
Cycling gloves, a glove that is designed for cycling purpose and provides warmth, protection and comfort. Of late, cycling gloves companies made a collaboration with e-commerce companies with the goal to offer modern lifestyle products in a wide variety.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Trek Bikes (United States), Roeckl Sports (Germany), HIRZL AG (Switzerland), Castelli (Italy), Fox Racing, Inc. (United States), Pearl iZUMi (United States), Revo Moto (Pakistan), SIXSIXONE (United States), Spakct (China), Vista Outdoor (GIRO) (United States) and AML Group Limited (Hong Kong) |
This growth is primarily driven by Increasing Disposable Income in Developing Economies and The Surge in Number of Cycling Festival in both Developing and Developed Countries.
Globally, a noticeable market trend is evident Key Market Players are Continuously Focusing on the Development of Light Material Gloves Major Vendors, such as Trek Bikes (United States), Roeckl Sports (Germany), HIRZL AG (Switzerland), Castelli (Italy), Fox Racing, Inc. (United States), Pearl iZUMi (United States), Revo Moto (Pakistan), SIXSIXONE (United States), Spakct (China), Vista Outdoor (GIRO) (United States) and AML Group Limited (Hong Kong), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
On October 10, 2023, Giro and Specialized, two leading cycling brands, announced a partnership to develop new cycling glove technologies. The partnership will focus on developing new materials, designs, and manufacturing processes for cycling gloves.
On November 14, 2023, POC, a Swedish protective sports apparel and equipment brand, launched its new VPD Air cycling gloves. The gloves feature a new VPD Air shock-absorbing material that provides enhanced protection against impact.
Influencing Trend:
Key Market Players are Continuously Focusing on the Development of Light Material Gloves
Market Growth Drivers:
Increasing Disposable Income in Developing Economies and The Surge in Number of Cycling Festival in both Developing and Developed Countries
Challenges:
Availability of Pirated and Substitute Products
Restraints:
Low Adoption Rate in Underdeveloped Nations
Opportunities:
The Growth in the Sales through Online Channel Worldwide
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 Gloves Market
- Analysis about New Entrants in Cycling Gloves 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 Gloves Study Sheds Light on
The Cycling Gloves Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cycling Gloves industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cycling Gloves 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.