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  • Published In : Apr 2024
  • Code : CMI1636
  • Pages :259
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Regional Analysis

Cycling Wear Market Regional Insights

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Europe has remained the dominant region in the global cycling wear market over the past decade with 38.7% of the market share in 2024. Countries like Germany, France, Italy, and the Netherlands have very strong cycling cultures where cycling is a popular hobby as well as a mode of daily transportation for many people. This has created a large consumer base for cycling wear products in the region. The region is also a manufacturing hub for many international cycling gear brands. Germany, in particular, is home to some of the most popular cycling brands globally like Adidas, Gore Wear, and Assos. The strong manufacturing industry has enabled easy access to high quality and affordably priced cycling apparel and equipment across the European market. Additionally, investments by the European governments in cycling infrastructure like dedicated bike lanes, routes, and parking spaces have further encouraged cycling adoption. Many cities now promote cycling as an eco-friendly commute option. Such initiatives have boosted the use of cycling wears on a regular basis. Established distribution networks of cycling brands also ensure the wide availability and accessibility of new collections to consumers across Europe throughout the year. These factors have enabled Europe to account for the major share in the global cycling wear market.

The Asia Pacific region has emerged as the fastest growing market for cycling wear globally. Countries like China, Japan, and Australia have seen tremendous growth in recreational cycling over the last decade. With rising health awareness, cycling is gaining popularity as a sport and workout activity among the general population. This has translated to an expansion of the consumer base in need of high-performance and athletic cycling apparel, footwear, and gear.  Simultaneously, these developing economies are also attracting many global cycling brands to establish local manufacturing units to cater to the burgeoning demand. This has given a boost to the region's cycling wear production capacity. Investments in cycling tracks and bicycle-sharing initiatives by governments are also encouraging cyclists to purchase protective and functional cycling wear. The growing middle-class demographic with increasing disposable incomes provides ample scope for market players to tap into. Such favorable demand and supply-side factors have propelled the Asia Pacific cycling wear market to become the fastest developing market globally.

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