Cycling Wear Market is Poised to Witness High Growth Owing to Rising Consumer Interest in Fitness and Health Monitoring

Cycling Wear Market

The cycling wear market comprises products such as cycling jerseys, jackets, shorts, glasses, eyewear, gloves, socks and other accessories. Rising awareness regarding the importance of fitness and health has led to an increase in cycling as a recreational and fitness activity globally. Cycling wear products provide wearers with features such as moisture wicking function, UV protection, breathability and injury preventive padding. The cycling wear market caters to both casual cyclists as well as professionals.

The Global cycling wear market is estimated to be valued at US$ 5632.18 Mn in 2024 and is expected to exhibit a CAGR of 12. % over the forecast period 2024 to 2031.

Key Takeaways

Key players: Key players operating in the cycling wear market are Alpha MOS, E-Nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, Scensive Technology, Envirosuite Limited, RoboScientific Ltd., Chromatotec and Intelligent Optical Systems, Inc.

Key opportunities: Rising health consciousness and growing cycling tourism are expected to create significant opportunities for players in the cycling wear market. Growing number of cyclists participating in events such as triathlons and marathons will also augment demand.

Global expansion: Leading Cycling Wear Market Trends brands are expanding their geographical footprint by entering emerging markets in Asia Pacific and Latin America. Partnerships with local retailers and availability on e-commerce platforms will aid global expansion efforts.

Market drivers: Increasing popularity of indoor cycling apps and virtual classes has boosted demand for professional cycling wear. Features such as HR monitoring and accurate GPS tracking have made cycling more interactive and gamified the experience.

Market restrain: High pricing of certain technical cycling wear limits adoption. Consumers may prefer low cost alternatives for casual cycling. Fluctuations in raw material costs also squeeze margins for manufacturers.

Segment Analysis

Content: Cycling Wear Market comprises Jerseys, Bib shorts, Tights & Jackets, Gloves, Accessories as key segments. Among these, Jerseys dominates the market with around 30% share due to high preference for comfortable and breathable tops among cyclists during long rides. Bib shorts is the second largest segment having close to 25% share as it provides support, breathability and comfort to cyclists without any restrictions.

Global Analysis

Content: North America dominates the global Cycling Wear Market with around 35% share and is expected to continue its dominance during forecast period owing to increasing health awareness and rising participation in cycling activities across US and Canada. Europe is the second major market holding over 30% share due to higher inclination towards fitness, cycling culture and availability of world-class cycling infrastructure across countries like UK, France, Italy and Germany. Asia Pacific is recognized as the fastest growing region on back of rapidly expanding middle class, rising aspirations for fitness in countries like China and India along with increasing government investments to promote cycling.

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