The global cycling wear market was valued at US$ 3,307.2 million in 2017, according to Cycling Wear Market Report, by Product Type (Clothing, Footwear, Head Gear, and Eye Wear), by Distribution Channel (Hypermarket, Specialty Stores, Direct to Consumer, Wholesale, and Online), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights. The global cycling wear market is projected to reach US$ 5,572.2 million by 2025, exhibiting a CAGR of 7.1% during the forecast period.
Governments of various economies are taking initiatives to encourage people for adopting cycling. This is owing to the fact that governments are focusing on reducing carbon footprint in the country. For instance, Essex, a county in Southeast England, introduced The Cake Escape, which was launched in August 2013. It is a joint venture between Essex County Council and Sustrans—a UK sustainable transport charity—to increase the number of people cycling. This is expected to increase the number of people opting for cycling, thus in turn aiding in growth of the market.
Prominent players in the cycling industry motivate and encourage cycling sport. For instance, Sinhgad bike and hike event in Pune India held on 28th April 2018, was sponsored by Giant Starkenn. Such events aim to encourage cycling as a sport and provide cycling enthusiast a platform.
Cycling wear is expensive than regular apparel. For instance, Core Athletics wearable jersey and shorts are in the range of at US$ 25- US$ 28 while Core Athletics Cycling Jersey is priced around US$ 35- US$ 45. Middle class income group consider cycling apparel as a luxury item, such consumer perception is negatively impacting the cycling wear market growth.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 108 market data tables* and 37 figures* on "Cycling Wear Market” - Global forecast to 2025.
Key Trends and Analysis of the Cycling Wear Market:
Key Takeaways of the Market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.