Market Trends

Rising Health Consciousness Fuels Expansion of Global Cycling Wear Market

PUNE, India, April 3, 2024 /PRNewswire/ — With growing interest in health and eco-friendly transportation, the global cycling wear market is poised to see significant growth. According to the newly released analysis entitled "Cycling Wear Market by Product Type (Clothing, Eyewear, Footwear), Distribution Channel (Offline Stores, Online Stores), End-User - Global Forecast 2024-2030," available on 360iResearch, the sector is expected to swell from $4.36 billion in 2023 to a robust $6.54 billion by 2030, charting a Compound Annual Growth Rate (CAGR) of 5.95% throughout the forecasted period.

A Flourishing Sector: Health Awareness and Government Initiatives Propel Demand

This buoyant market is underpinned by a fervent demand for specialized cycling apparel, shoes, protective devices, and assorted gear, as an increasingly health-conscious populace seeks out sustainable modes of transportation. Government agendas worldwide fuel this vigor by promoting outdoor exercises, particularly across the Americas and Europe. Integral growth prospects also stem from the emergence of intelligent cycling wear, which marries electronic sensors with gear for real-time performance analysis and health tracking. Despite facing hurdles such as elevated production expenses and a lack of broad public knowledge regarding specialized cycling attire benefits, the cycling wear market is projected for continuous growth. This is catalyzed by the burgeoning e-commerce industry and inventive product developments from key market operators.

To get a better grasp of the market dynamics, interested parties can download a sample report from 360iResearch's cycling wear intelligence library.

Innovation at the Heart of the Industry Propelled by Outdoor Sports Enthusiasm

With more individuals turning to active lifestyles to fight ailments like obesity, diabetes, and cardiovascular disease, outdoor sports, including cycling, have seen a surge in participation globally. The industry has quickly adapted, offering both hobbyists and professional cyclists with equipment that effectively blends comfort and performance. Technological forward steps, such as GPS devices and fitness applications, encourage consistent participation in physical activities by allowing athletes to monitor and share their excursions. Moreover, heightened adventure tourism and the desire for urban wellness contribute to governments improving cycling infrastructures. This confluence of health awareness, tech progress, and urban development has significantly increased cycling participation, escalating the market demand for premium cycling wear and spurring continued innovation in the field.

Heightened Importance on Comfort, Safety, and Performance

For cyclists, choosing the right clothing and gear is essential not only for comfort and style but also for safety and optimal performance. Cyclists' attire is crafted using moisture-wicking fabric, ensuring dryness and integrating reflective materials for better visibility and aerodynamics. Protective eyewear, crafted with anti-fog lenses and lightweight frames, defends cyclists from UV rays and environmental debris. Footwear designed specifically for cycling focuses on enhancing pedal effectiveness, with features like cleat-compatibility and variable sole rigidity for support. Gloves in the cycling realm have evolved with padded designs for shock absorption, breathable fabrics, and even touchscreen capabilities. Headgear such as helmets, sweatbands, and caps are designed to be impact-resistant but also light, well-ventilated, and sleek. Lightweight materials in knee and elbow pads ensure protection without sacrificing freedom of movement. This all-encompassing approach to cycling wear signifies the industry’s commitment to improving the cycling experience through continuous innovation in comfort, safety, and performance.

For analysts' support and deeper insight, requests can be made through 360iResearch.

Market Leadership by Adidas AG

Among the key market players, Adidas AG has established itself as a force to be reckoned with, holding a significant 7.11% share of the market. Alongside Adidas, brands like Puma SE, Specialized Bicycle Components, NIKE, Inc., and Endura Limited (under Pentland Brands Limited), are employing strategies such as expansions, acquisitions, joint ventures, and new product developments to fortify their market positions.

Introducing ThinkMi: An AI-Powered Market Intelligence Game-Changer

ThinkMi comes forward as an illustrious addition to the market intelligence sector for cycling wear. This innovative AI-powered tool redefines the interaction of enterprises with market data, providing unparalleled insights. ThinkMi is crafted to answer your most crucial business inquiries with precision, delivering timely, salient data for optimal decision-making. As more than a mere source of information, this state-of-the-art AI tool serves as a strategic asset, ensuring your business stays competitive in the dynamic Cycling Wear Market.

To ask questions and receive answers from ThinkMi, visit ThinkMi cycling wear intelligence.

In-Depth Market Research Available for Review

For those seeking to dive deeply into the Cycling Wear market, a report featuring 185 pages of insights, 378 tables, and 22 figures is available. The comprehensive coverage of the market landscape will cater to the needs of various stakeholders looking to gather intricate details about the sector. Before making a purchase, inquirers can also request additional information to ensure the report meets their requirements.

Potential buyers can probe further at 360iResearch's inquiry page.

Expanding Horizons: Related Reports

To expand the knowledge base and provide broader context, 360iResearch offers reports on related markets that stakeholders may find valuable. These include the "Sports Equipment & Apparel Market - Global Forecast 2024-2030," "Women's Sports & Swimwear Market - Global Forecast 2024-2030," and the "Sports & Fitness Clothing Market - Global Forecast 2024-2030." Access to these can equip interested parties with a more comprehensive understanding of the sector at large.

About 360iResearch

Founded in 2017, 360iResearch, with its headquarters in India, spans its services across the globe with a client base that includes approximately 80% of the Fortune Global 500. The company is agile and attuned to the latest market intelligence and volatility. It prides itself on offering real-time, tailored market insights that empower its clients to make well-informed strategic decisions. With a focus on niche markets, the analytics delivered by 360iResearch are intelligent, impactful, and infinite.

Connect with 360iResearch

For further information on market research, clients can reach out to Mr. Ketan Rohom at 360iResearch. The company is likewise active on social media platforms such as LinkedIn, Twitter, and Facebook, providing updates and engaging with their audience.

To learn more about the company's offerings and navigating the marketplace with finesse, visit 360iresearch.com, or follow on LinkedIn, Twitter, and Facebook.

The full report, graphics and more information can be accessed by following the link to 360iResearch's logo: 360iResearch Logo.

End-note

As the cycling wear market continues its upward trajectory, it remains a testament to how global health trends and technological innovation can converge to create a robust industry. Companies such as 360iResearch are at the forefront, providing the insights and intelligence necessary for businesses to navigate these growing demands effectively.