Cycling Wear Market
                     Cycling Wear Market To Have Good Business Opportunities In The Coming Years
Global Cycling Wear Market - Insights
Cycling wear involves use of garments or gears for enhancing the performance or for comfort
during cycling. Increasing number of people opting for cycling as a hobby and growing portion of
the population living healthier lifestyles thereby rising participation in sports and fitness activities
is driving growth of the cycling wear market.
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Increasing awareness regarding advantages of exercise such as cycling due to media exposure and
various health organizations is driving market growth. According to World Health Organization
(WHO), commuters who cycle to work have 41% lower risk of dying from all causes than people
who drive or take public transport. Cycles also help in reducing noise and air pollution, which is
one of the major factors for increasing adoption of cycling, this in turn is fueling demand for
cycling wear.
The global cycling wear market was valued at US$ 3,307.2 million in 2017, and is expected to
register a CAGR of 7.1% in terms of value, during the forecast period (2018 – 2025) to reach US$
5,572.2 million by 2025.
Clothing segment held highest market share in the global cycling wear market in 2017, and it is
expected to retain its dominance during the forecast period. Clothing segment of cycling wear
includes leggings, shorts, gloves, jackets, jersey, and arm/leg warmers. Clothing should provide
comfort, durability, moisture resistance, and should be waterproof, windproof, and stretchable.
Cycling apparels are designed to fit and support the body during cycling.
Among distribution channel,  online stores is  the fastest  growing segment during the forecast
period. Growth of the online segment is majorly attributed to rising penetration of low cost
smartphones, coupled with rapid advancements in internet services. According to survey published
by Malaysian Communications and Multimedia Commission (MCMC) in 2017, there were 24.5
million Internet users in 2017 which increased from 24.1 million in 2015.
.Asia Pacific is the fastest growing region in the global cycling wear market. The market was
valued at US$ 1,020.8 Mn in 2017, witnessing a CAGR of 9.0% during the forecast period. This is
attributed to growing bike sharing market in the region. According to Ministry of Transport,
China had around 70 bike-sharing brands such as Mobike and Didi Chuxing-Ofo operating over 16
million bicycles nationwide by 2017. Various initiatives are undertaken by public and private
organizations to encourage adoption of cycling. For instance, Cycling Cities is an organization
involved  in  encouraging  cycling  adoption  for  transportation.  Furthermore,  in  2016,  Pune
Municipal Corporation introduced Pune Bicycle Plan to encourage bicycling. Rapid growth in the
bicycles market is another factor contributing to growth of the cycling wear. According to All
India Cycle Manufacturers' Association, sales of bicycles in 2017-2018 in India was 16.57 million
units. Also, revenue of the cycle’s business increased by 30% year-on-year in the April-June
quarter of 2018..
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Players  operating  in  the  global  cycling  wear  market  are  launching  new  products  to  gain
competitive advantage in the market and to expand business. For instance, in April 2018, Santini
Maglificio Sportivo launched its new MAGLIA NERA collection composed of a technical cycling kit
inspired by its last classified Luigi Malabrocca, a cotton T-shirt for a casual look but with a
perfect fit a short-sleeved wool sweater and a sweater long sleeves for casual style for cycle ride.
Major players operating in the global cycling wear market include JRD Cycling, Castelli Cycling,
Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., Assos Of Switzerland Sa, Cuore
Of Switzerland Inc., Endura Limited, Tewsn Cycling Gear Limited, Isadore Apparel, Rapha Racing
Limited,  2xu  Pty  Ltd.,  Maap,  Attaquer  Pty  Ltd.,  Blacksheep,  Pas  Normal  Studios,  Santini
Maglificio Sportivo S.R.L. P.I. - C.F., Capo, Pedla, and Lumiere Cycling.
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