Cycle wear Market Size and CAGR by 2031
The Cycle wear Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Cycle Wear market research report is segmented by product into the following subsegments: Cycling Wear Apparel and Cycling Wear Accessories. The report further provides an analysis based on distribution channels, i.e., Online and Specialty Store. The report also includes a regional market breakdown. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Cycle wear Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cycle wear Market Segmentation
Product- Cycling wear apparel
- Cycling wear accessories
- Online
- Specialty Store
Strategic Insights
Cycle wear Market Growth Drivers- Health Benefits of Cycling: Increased awareness of cycling's health benefits, including improved cardiovascular health, weight management, and stress reduction, is fueling demand for cycling wear.
- Advancements in Fabric Technology: Innovations in fabric technology, such as moisture-wicking, breathable, and high-performance materials, are enhancing comfort and performance for cyclists.
- Cycling Events and Competitions: The rise in cycling events and competitions is driving demand for stylish, functional, and high-performance cycling apparel.
- Fashionable and High-Function Gear: As cycling culture evolves, there is an increasing demand for stylish, high-performance cycling wear that combines fashion with function, driving innovation in the market.
- Growth and Innovation Opportunities: The cycle wear market is poised for significant growth, with ongoing trends in sustainability, technology, and personalization creating ample opportunities for innovation.
- Smart Cycling Clothing: Technological advancements are leading to the development of "smart" cycling apparel that monitors vital signs, tracks performance, and provides real-time data to cyclists.
- Technology in Cycling Wear: Advancements in smart fabrics and wearable devices are creating opportunities for product development and differentiation in the cycling wear market.
- Customization and Personalization: The growing acceptance of personalized and customized cycling apparel provides opportunities for brands to cater to individual preferences and specific needs.
- Developing Cycling Infrastructure: The expansion of cycling infrastructure in cities and towns is fueling the demand for comfortable, practical clothing for casual and commuter cyclists.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cycle wear Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cycle wear Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Cycle wear Market is expected to grow at a CAGR of 5.5% between 2023-2031
The cycle wear market is driven by several driving factors. Increased popularity of cycling as both a recreational and fitness activity coupled with a growing concern for health and wellness has significantly increased the demand for cycle-specific apparel. Improvements in fabric technology, such as moisture-wicking, breathable, and durable materials, enhanced comfort and performance among cyclists. Apart from the above two factors, cycling sports events and competitions, both professional and amateur, have led to a need for stylish as well as functional cycle wear. Growing environmental awareness and the movement towards sustainability have added more fuel to the market, thereby propelling eco-friendly and sustainable materials in the process of producing cycle wear.
The future of the cycle wear market is on its way to evolving fundamentally. Sustainable and eco-friendly materials will rise to prominence as consumers become even more aware of their environmental footprint. Technological innovation in fabric engineering will push for smart cycling wear that takes on the function of vital sign monitoring, measures and tracks every given performance metric, and gives timely feedback. Personalization and customization also become more prevalent, allowing cyclists to have clothing tailored to their very needs and preferences. As the cycling culture continues to evolve, the demand for stylish and functional cycle wear is certain to remain strong, driving further innovation and growth in the market.
The leading players of the market are- LUMIERE CYCLING, GIRO SPORT DESIGN, Manifattura Valcismon S.p.A., Rapha Racing Limited, Champion System, USA, United Apparel Solution Ltd, ASSOS of Switzerland GmbH, ARDEX ENDURA INDIA PVT LTD, 2XU Pty. Ltd., Attaquer Pty Ltd
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cycle Wear Market - By Product
1.3.2 Cycle Wear Market - By Distribution Channel
1.3.3 Cycle Wear Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CYCLE WEAR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CYCLE WEAR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CYCLE WEAR MARKET - GLOBAL MARKET ANALYSIS
6.1. CYCLE WEAR - GLOBAL MARKET OVERVIEW
6.2. CYCLE WEAR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CYCLE WEAR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CYCLING WEAR APPAREL
7.3.1. Overview
7.3.2. Cycling wear apparel Market Forecast and Analysis
7.4. CYCLING WEAR ACCESSORIES
7.4.1. Overview
7.4.2. Cycling wear accessories Market Forecast and Analysis
8. CYCLE WEAR MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3.
8.3.1. Overview
8.3.2. Market Forecast and Analysis
8.3.3. Supermarket and Hypermarkets Market
8.3.3.1. Overview
8.3.3.2. Supermarket and Hypermarkets Market Forecast and Analysis
8.4. ONLINE
8.4.1. Overview
8.4.2. Online Market Forecast and Analysis
8.5. SPECIALTY STORE
8.5.1. Overview
8.5.2. Specialty Store Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CYCLE WEAR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cycle Wear Market Overview
9.1.2 North America Cycle Wear Market Forecasts and Analysis
9.1.3 North America Cycle Wear Market Forecasts and Analysis - By Product
9.1.4 North America Cycle Wear Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Cycle Wear Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cycle Wear Market
9.1.5.1.1 Canada Cycle Wear Market by Product
9.1.5.1.2 Canada Cycle Wear Market by Distribution Channel
9.1.5.2 Mexico Cycle Wear Market
9.1.5.2.1 Mexico Cycle Wear Market by Product
9.1.5.2.2 Mexico Cycle Wear Market by Distribution Channel
9.1.5.3 US Cycle Wear Market
9.1.5.3.1 US Cycle Wear Market by Product
9.1.5.3.2 US Cycle Wear Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Cycle Wear Market Overview
9.2.2 Europe Cycle Wear Market Forecasts and Analysis
9.2.3 Europe Cycle Wear Market Forecasts and Analysis - By Product
9.2.4 Europe Cycle Wear Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Cycle Wear Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cycle Wear Market
9.2.5.1.1 Germany Cycle Wear Market by Product
9.2.5.1.2 Germany Cycle Wear Market by Distribution Channel
9.2.5.2 France Cycle Wear Market
9.2.5.2.1 France Cycle Wear Market by Product
9.2.5.2.2 France Cycle Wear Market by Distribution Channel
9.2.5.3 Italy Cycle Wear Market
9.2.5.3.1 Italy Cycle Wear Market by Product
9.2.5.3.2 Italy Cycle Wear Market by Distribution Channel
9.2.5.4 United Kingdom Cycle Wear Market
9.2.5.4.1 United Kingdom Cycle Wear Market by Product
9.2.5.4.2 United Kingdom Cycle Wear Market by Distribution Channel
9.2.5.5 Russia Cycle Wear Market
9.2.5.5.1 Russia Cycle Wear Market by Product
9.2.5.5.2 Russia Cycle Wear Market by Distribution Channel
9.2.5.6 Rest of Europe Cycle Wear Market
9.2.5.6.1 Rest of Europe Cycle Wear Market by Product
9.2.5.6.2 Rest of Europe Cycle Wear Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cycle Wear Market Overview
9.3.2 Asia-Pacific Cycle Wear Market Forecasts and Analysis
9.3.3 Asia-Pacific Cycle Wear Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Cycle Wear Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Cycle Wear Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cycle Wear Market
9.3.5.1.1 Australia Cycle Wear Market by Product
9.3.5.1.2 Australia Cycle Wear Market by Distribution Channel
9.3.5.2 China Cycle Wear Market
9.3.5.2.1 China Cycle Wear Market by Product
9.3.5.2.2 China Cycle Wear Market by Distribution Channel
9.3.5.3 India Cycle Wear Market
9.3.5.3.1 India Cycle Wear Market by Product
9.3.5.3.2 India Cycle Wear Market by Distribution Channel
9.3.5.4 Japan Cycle Wear Market
9.3.5.4.1 Japan Cycle Wear Market by Product
9.3.5.4.2 Japan Cycle Wear Market by Distribution Channel
9.3.5.5 South Korea Cycle Wear Market
9.3.5.5.1 South Korea Cycle Wear Market by Product
9.3.5.5.2 South Korea Cycle Wear Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Cycle Wear Market
9.3.5.6.1 Rest of Asia-Pacific Cycle Wear Market by Product
9.3.5.6.2 Rest of Asia-Pacific Cycle Wear Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cycle Wear Market Overview
9.4.2 Middle East and Africa Cycle Wear Market Forecasts and Analysis
9.4.3 Middle East and Africa Cycle Wear Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Cycle Wear Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Cycle Wear Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cycle Wear Market
9.4.5.1.1 South Africa Cycle Wear Market by Product
9.4.5.1.2 South Africa Cycle Wear Market by Distribution Channel
9.4.5.2 Saudi Arabia Cycle Wear Market
9.4.5.2.1 Saudi Arabia Cycle Wear Market by Product
9.4.5.2.2 Saudi Arabia Cycle Wear Market by Distribution Channel
9.4.5.3 U.A.E Cycle Wear Market
9.4.5.3.1 U.A.E Cycle Wear Market by Product
9.4.5.3.2 U.A.E Cycle Wear Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Cycle Wear Market
9.4.5.4.1 Rest of Middle East and Africa Cycle Wear Market by Product
9.4.5.4.2 Rest of Middle East and Africa Cycle Wear Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cycle Wear Market Overview
9.5.2 South and Central America Cycle Wear Market Forecasts and Analysis
9.5.3 South and Central America Cycle Wear Market Forecasts and Analysis - By Product
9.5.4 South and Central America Cycle Wear Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Cycle Wear Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cycle Wear Market
9.5.5.1.1 Brazil Cycle Wear Market by Product
9.5.5.1.2 Brazil Cycle Wear Market by Distribution Channel
9.5.5.2 Argentina Cycle Wear Market
9.5.5.2.1 Argentina Cycle Wear Market by Product
9.5.5.2.2 Argentina Cycle Wear Market by Distribution Channel
9.5.5.3 Rest of South and Central America Cycle Wear Market
9.5.5.3.1 Rest of South and Central America Cycle Wear Market by Product
9.5.5.3.2 Rest of South and Central America Cycle Wear Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CYCLE WEAR MARKET, KEY COMPANY PROFILES
11.1. LUMIERE CYCLING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GIRO SPORT DESIGN
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MANIFATTURA VALCISMON S.P.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RAPHA RACING LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CHAMPION SYSTEM, USA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. UNITED APPAREL SOLUTION LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ASSOS OF SWITZERLAND GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ARDEX ENDURA INDIA PVT LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. 2XU PTY. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ATTAQUER PTY LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. LUMIERE CYCLING
2. GIRO SPORT DESIGN
3. Manifattura Valcismon S.p.A.
4. Rapha Racing Limited
5. Champion System, USA
6. United Apparel Solution Ltd
7. ASSOS of Switzerland GmbH
8. ARDEX ENDURA INDIA PVT LTD
9. 2XU Pty. Ltd.
10. Attaquer Pty Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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